Good morning, traders ☀️
The Fed rate decision slightly damaged the monthly candle structure, but overall everything still looks ok 🛡️
At peak levels of 79,523, BTC posted a monthly gain of 21.2%, which already looks very strong by itself.
Right now, a bullish Morning Star 🌅 reversal pattern is forming on the monthly chart, as April’s green candle has absorbed a significant part of February’s red candle (see chart).
However, for a “perfect” formation, the red candle should be fully absorbed. That would require today’s daily candle to close above 79,400, which currently looks unlikely.
🦬Nevertheless, even the current structure still looks quite strong.
Personally, I rarely pay attention to candlestick patterns on timeframes below the daily, since their influence there is much weaker and the formations themselves are often too random.
👀 Let’s closely watch April’s close.
Peace 🌍
The Fed rate decision slightly damaged the monthly candle structure, but overall everything still looks ok 🛡️
At peak levels of 79,523, BTC posted a monthly gain of 21.2%, which already looks very strong by itself.
Right now, a bullish Morning Star 🌅 reversal pattern is forming on the monthly chart, as April’s green candle has absorbed a significant part of February’s red candle (see chart).
However, for a “perfect” formation, the red candle should be fully absorbed. That would require today’s daily candle to close above 79,400, which currently looks unlikely.
🦬Nevertheless, even the current structure still looks quite strong.
Personally, I rarely pay attention to candlestick patterns on timeframes below the daily, since their influence there is much weaker and the formations themselves are often too random.
👀 Let’s closely watch April’s close.
Peace 🌍
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。