history seems to suggest that bitcoin's first "green" monthly heikin-ashi candle following 12 months+ of absolute carnage marks the birth of a new bull cycle. it is important to note that this does not indicate the bear market's bottom, but rather a decent confirmation that we are currently transitioning out. the recent print of january 2023's green heikin-ashi candle may very well be a positive omen suggesting where we're all headed in the not so distant future
credit to ben cowen of intothecryptoverse.com, who seems to be the first individual to discuss using monthly heiken-ashi candles as a tool to understand where we stand in any part of a cycle.
credit to ben cowen of intothecryptoverse.com, who seems to be the first individual to discuss using monthly heiken-ashi candles as a tool to understand where we stand in any part of a cycle.
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