Three White Soldiers: The Signal That Shows Bitcoin Bulls Are Preparing For Battle

Yazan NewsBTC - 2 yıl önce - Okuma Süresi: 3 dakika

Three White Soldiers: The Signal That Shows Bitcoin Bulls Are Preparing For Battle

Bitcoin price just touched $46,000 for the first time in months following the worst second quarter selloff on record. The push has continued beyond yesterday’s weekly close – a pivotal close that left behind an extremely bullish battle call.

"Üç Beyaz Asker" olarak adlandırılan formasyon genellikle güçlü bir yükseliş trendinin işaretidir, ancak sıklıkla bir zayıflık numarasıyla gelir. Potansiyel olarak önemli olan model ve bunun mevcut kripto piyasası döngüsü için ne anlama gelebileceği hakkında daha fazla bilgiyi burada bulabilirsiniz.

Bitcoin Bulls Prepare For Battle With Three White Soldiers Pattern

Bitcoin price recently took a bullish turn after spending weeks grinding at support around $30,000. Repeated failure by bears to push prices lower gave bulls the confidence to make close to a 50% recovery from highs set earlier in the year.

Dün geceki haftalık kapanışla teyit edilen üç haftalık yükseliş trendi, "Üç Beyaz Asker" olarak adlandırılan yükselişli bir Japon mum çubuğu formasyonu oluşturdu.

İlgili Okumalar | Bu Fikir Bitcoin Alt Kısım Genişliyor

According to Investopedia, Three White Soldiers “suggests a strong change in market sentiment” and is characterized by three similarly sized candle bodies in a row. It is “important to note that the strong moves higher could create temporary overbought conditions,” the site continues.

If the pattern is valid, a short term retracement could result, followed by an explosive uptrend. A similar pattern appeared almost one year ago to the day, and the result was nine months of the most powerful uptrend Bitcoin şimdiye kadar görmüş.

Bitcoin has potentially formed a powerful bullish pattern | Source: BTCUSD on TradingView.com Three Black Crows Example In Crypto: With And Without A Trap

A similar sized drop as the August 2020 bear trap in crypto would take Bitcoin price back to around $35,000 before going on an absolute tear and potentially the last leg up of the bull run.

Bears might not get their short-lived trap this time around, either. As with most chart patterns, any bullish signal has an opposite bearish signal. The counter-signal to the Three White Soldiers is called Three Black Crows and is a signal that Bitcoin has felt the bite from before.

Three Black Crows with and without retracement | Source: BTCUSD on TradingView.com

Three Black Crows appeared before the plummet to the bear market bottom, and the same signal popped up once again at the June 2019 peak at around $14,000 per BTC.

İlgili Okuma | bir nesil Bitcoin Satın Alma Sinyali Neredeyse Geri Döndü

In the first scenario, there was no retracement and Bitcoin simply fell like a ton of bricks through support. In the second scenario, there was a bull trap in October 2019 and an over 40% retest. The move broke records for one of the largest daily in history, but failed to break the resistance level and reclaim it as support.

After another failure, Bitcoin price fell back to its bear market bottom in Black Thursday 2020. If the two bullish signals (Three White Soldiers) also alternate in terms or retracement, there could be no bull trap, and instead the cryptocurrency slices through resistance as easily at support fell in December 2018.

Twitter'da veya TonyTradesBTC Telegram aracılığıyla @TonySpilotroBTC'yi takip edin. İçerik eğiticidir ve yatırım tavsiyesi olarak değerlendirilmemelidir.

İStockPhoto'dan öne çıkan görüntü, TradingView.com'dan Grafikler

Orjinal kaynak: NewsBTC