So I read the page on this. I didn't see anything about a target after the signal, just that the trend continues?
TostonesMongos
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@ImminentDebacle, I would take it as a lack of conviction/general resumption of the current trend, which is down.
In terms of where it stops or a projection I don't know, I do have supports at 23k, 19k, 11k and 8.8k which is where I see the most reactions on the weekly time frame
I think the key take away from the pattern may be the lack of conviction to take the price higher
The price stopper just at the bottom of the first candle so maybe there's some life still left in BTC
Volume was also slightly higher than the green days, but not as much as the first red candle