Welcome back traders! Bitcoin just closed its fourth green candle in a row on the 4h, which makes one wonder how often that happens. Although four candles in a row is rather common with Bitcoin, it turns out that five has been considerably rarer over the last 6 months. It appears that we have been seeing a series of 1-4 sets of 5+ sequential green candles within an approximate 7 day time frame every 1.5-2 months. We have seen these profits extend as long as 10 candles in a row. Here is where we are at currently, along with the statistics from these previous profits. It is noteworthy that I measured on the open/closes, and that these figures are in USD. For instances where we saw a sequence of green candles greater than five in a row, the end of said sequence has been measured out for you as well, separated by a semicolon.
TOW: +$228.92 +3.11% over about 17h
10/25: +$1,212.85+16.23% over 20h; +$2,188.13+29.47% over 28h
09/07: +$194.39 +1.89% over 20h
09/06: +$350.60 +3.33% over 20h
09/02: +$194.89 +2.03% over 20h; +841.59 +8.79% over 40h
07/02: +$1,478.23 +15.03% over 20h
06/26: +$1,284.12 +11.32% over 20h; +2,522.91 +22.25% over 28h
After seeing figures like these, one cannot help but wonder if this pattern will continue. Will we see another sequential set of 5 green candles? Will the current set extend further? Will Bitcoin break the pattern all together? We will see.
Disclaimer: This is NOT trading advice! These are merely my opinions that I have posted for educational purposes ONLY. Trading comes with great risk, which should be managed carefully. You should never trade anything more than you are willing to lose. I hope you all kill it, but I am not responsible for any financial loss or damages. Thanks for reading!
TOW: +$228.92 +3.11% over about 17h
10/25: +$1,212.85+16.23% over 20h; +$2,188.13+29.47% over 28h
09/07: +$194.39 +1.89% over 20h
09/06: +$350.60 +3.33% over 20h
09/02: +$194.89 +2.03% over 20h; +841.59 +8.79% over 40h
07/02: +$1,478.23 +15.03% over 20h
06/26: +$1,284.12 +11.32% over 20h; +2,522.91 +22.25% over 28h
After seeing figures like these, one cannot help but wonder if this pattern will continue. Will we see another sequential set of 5 green candles? Will the current set extend further? Will Bitcoin break the pattern all together? We will see.
Disclaimer: This is NOT trading advice! These are merely my opinions that I have posted for educational purposes ONLY. Trading comes with great risk, which should be managed carefully. You should never trade anything more than you are willing to lose. I hope you all kill it, but I am not responsible for any financial loss or damages. Thanks for reading!