BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Could this be a strong bull?
If you zoomed into the left chart they are all similar to the current pattern of this bar. 1-2-3 & 4
A combination of green, pink, red, white, and aqua.
if this pattern close as it is. this is a valid indicator. and must continue going up until we see green-red combination for a pause.
Comment: I made a description so you can easily distinguish the roles of the colors within the bars. (THINK OF IT LIKE A CHESS :). )
We expected to close the weekly around GPRWALQ for a massive uptrend but instead we closed the bar with PGRWALQ in similar chart(LEFT SIDE) the interesting part was the momentum of the trends; all are similar.(THE PINK ONE ON TOP) If you will check the previous bars long way ago a total bullish flag. But in monthly from 20k its painting a bearish flag. The trend right now is really tight and we need more bar to confirm which trend are we painting right now. Personally if you check 2w we may see a correction before an uptrend. But we need more bars for accuracy. anyway good luck to all!


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