There is No 4 Consecutive Weekly Green Candles on Bitcoin Price Chart
This week is 3rd week of green candles on weekly Bitcoin price chart. There is no 4 consecutive weekly green candles on Bitcoin price chart this year..
It is hard to see 4 consecutive weekly green candles on Bitcoin price chart. Next week may be red candle for Bitcoin..
Here you can see 3 consecutive weekly green candles on Bitcoin price chart in 2023. I circled them. It is 4th times we have seen this scenario..
After 3 consecutive weekly green candle, It is very possible to see red weekly candle! So, we should not get hype for Bitcoin and wait to see price correction...
Do you remember when we saw 4 consecutive weekly green candles on Bitcoin price chart?
I circled the last 4 consecutive weekly green candles on chart. We have seen it in August 2021 in bullish season.. It was 5 consecutive weeks..
As I said, It is very possible to see price correction on Bitcoin price chart in next week.
When we see weekly chart of Bitcoin and indicators, thet also say us the correction of price is possible..
I may not be only a price correction. I may be a mini bearish trend..
When we look at Fisher Indicator on weekly Bitcoin price chart, It will reverse in a few days. Possible red weekly candle on next week, also help to reverse from the top for indicators..
I shared lots of analysis for Bitcoin price and said, Bitcoin will enter bearish trend in December. So, it will be preparation for this reversing..
We will see..
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If we see the fourth week with four consecutive greens, the conclusion is that we are in a different era.
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How low it can go ?
It will we will see red candle in next week...