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$BTC
#bullish.
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The pattern that I disclosed in my penultimate post is a bullish pattern and the entire market shares the same pattern. Some cryptocurrencies have a larger continuous candle which makes the pattern stronger and more susceptible to breaking the bottom as it has more strength and others have an uglier pattern that leaves a little to be desired. The negative point is the low purchase volume. but in general the entire market is preparing for an upward movement. I don't know how far it goes. as Bitcoin will encounter a region of struggle ahead. but we will see at least a recovery from the last downward move.
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lack of continuity on h4 can become a problem for buyers to maintain their positions. But even though the region has a strong concentration of buyers, the price will enter the fighting zone.
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Bitcoin holds the trend line, but there is no volume in the bullish candles.. the price will return to fill the unexecuted orders from the imbalance generated by the downward movement. but tends to defend in the $103,500 order block to talk about bullish bitcoin it needs to flip the region, but before that it will suffer a defense in the same
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This is one of the most powerful patterns in technical analysis. this is order flow reading. This pattern is telling me that the market has had a reversal of flow. which may or may not be a reversal. you have a trigger candle with a large and considerable flag and it is important to highlight. which means that there was a great absorption, the positive closing means that in that period of time there were more buying and selling orders. but that in itself is not enough. Then we see a candle that rises shortly afterwards showing that buyers are still interested. It is a continuity candle. the closing of this candle is higher than the opening of the last bearish candle. showing that the long achieved a second positive close. I bought it there. He won't always hold the line. If you are in the middle of a very strong downtrend and one of these appears. dakves can stick down. If the stop is at the bottom of the pavilion, it will stop. but it reverses movement. not far below the movement should reverse. and come back strong But even he has a margin of error. but it is the most reliable standard I know. $NEAR buy
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the challenge is on h4. in the fractal macro fractal made an abc d bearish. with this defense in the breakup. But the buyer can't just defend it. He needs to continue. We already have continuity in H1. now we have a big selling candle before the defense on H4. if the buyer manages to engulf this h4 selling candle. I'm going in heavy.
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