Long

BTCUSD Three Outside Up

The first candle continues the bearish trend, with the close lower than the open indicating strong selling interest while increasing bear confidence. The second candle opens lower but reverses, crossing through the opening tick in a display of bull power. This price action raises a red flag, telling bears to take profits or tighten stops because a reversal is possible. The security continues to post gains, lifting price above the range of the first candle, completing a bullish outside day candlestick. This increases bull confidence and sets off buying signals, confirmed when the security posts a new high on the third candle

tradingbauhaus

Join my trading community! 📈

🔹 Discord: discord.gg/7Fwru9gqbS
🔹 YouTube: youtube.com/@TradingBauhaus
🔹 Instagram: instagram.com/tradingbauhaus/

See you inside! 🚀

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.