BTCUSD - TVATVP

The TVATVP indictor works in simple terms by basically stacking all red and green candles on top of each other within a specific period. In this example, the time period is outlined within the yellow rectangle and within that timespan consisting of 1 hour candles, the bearish candles are 50% greater than the bullish candles.

What does this simply suggest? Well... it suggests traders are starting to offload bullish positions in anticipation of something. But what exactly are they anticipating? Don't tell me just a simple breakout from the wedge??


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Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.

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Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.