Bitcoin Analyst Flags 28-Day Closing Pattern in Oct. 20 Post
Photo: TokenPost
Pseudonymous analyst SuperBitcoinBro on Oct. 20 flagged 28 consecutive Bitcoin (BTC) daily closes inside the body of one candle, a pattern he views as a potential setup for a directional move. SuperBitcoinBro put the pattern’s historical tally at five instances. He said moves in earlier cases continued in the direction of their initial breakout. His count does not establish how the current setup will resolve. At the time of his post, the current pattern had no confirmed breakout. His bullish reading depended on buyers defending the lower end of the range.
Source: TokenPost
