MajazElahi

RENKO BTC CYCLE

BITSTAMP:BTCUSD   Bitcoin
I see one interesting pattern with the limited BTC data so far. A cycle ends with one weekly renko brick making a long wick above or beyond the last cycle top/bottom and closes green. I suspect something similar this time. A long wick below the current one to 13k and then close at 27.4k. I am bullish if that happens. It’s the most boring way to look at a chart but so is trading. Fingers crossed.

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