ReeceRingnald

After whipsaw a bearish candle CLOSES BELOW a bullish maribozu.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
After whipsaw with most candle closing within the range of previous candle, we have a close below the bullish maribozu candle, signalling weakness. If this 30 minute candle closes below the bearish confirmation candle and breaks below this trendline , I see a dump incoming. Otherwise, we'll return to whipsaw.
It was a very narrow close below the bullish maribozu. The important candle is NOW, look for a close below this bearish candle (arguably a bearish engulfing) plus a close below the consolidation trendline.
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