BTC 5th Red Weekly Close

Bitcoin all time history index INDEX:BTCUSD

MarekZatwarnicki

Bitcoin has just closed for the 4th time in history with a 5 declining candle a week in a row. The last time such a situation took place 7 years ago.
We’ve never had 6 weeks of a downtrend.

There is an opportunity for the statistically probable closing of the week in positive territory. It means a high probability of winning the LONG trade this week.
The last three times have had 10% returns over the week.

Indicator I used can be found in my scripts.

Let me know what to you guys think.

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