RE: 4th Weekly Red Candle on Bitcoin Price Chart

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4th Weekly Red Candle on Bitcoin Price Chart

in hive-175254 •  11 months ago 

It appears that the market may soon experience a significant movement, but the sustainability of an upward trend relies on confirmation from bullish price action, represented by a "green candle" in technical analysis. In binary trading, I understand that markets can exhibit a short-term upward trend, but it's likely to reverse direction shortly after encountering a resistance or support level.

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