Double Doji Candlestick pattern forming? BTC/USD Daily
This potential candlestick formation presents not just a stray moment of indecision like before but a double doji is a lot more wound up in terms of squeezes. It's essentially a hard reversal or a hard continuation after this daily candle. Although this is just an idea, assuming it closes this way.
It could further evolve on the daily becoming a Tristar potentially or something in terms of candle stick patterns further utilizing the past two candlesticks but it's too early anyway. This is probably going to be a very good spot to trade for anyone on the 4-hour I figure in terms of scale.
What I can say is that even amid indecision so far both these Dojis are in the green, so there is some upward bias mixed in there if it were to close like this for the next candle over.
Enjoy
It could further evolve on the daily becoming a Tristar potentially or something in terms of candle stick patterns further utilizing the past two candlesticks but it's too early anyway. This is probably going to be a very good spot to trade for anyone on the 4-hour I figure in terms of scale.
What I can say is that even amid indecision so far both these Dojis are in the green, so there is some upward bias mixed in there if it were to close like this for the next candle over.
Enjoy
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