The Kubitsuri Reversal Candle just printed on BTC weekly. It is considered a weak reversal candle due to the upward thrust to make the long lower wick. I am more bearish than bullish over the next few weeks, as we have had a good run and BTC needs a breather, I think. Conservative entry for the 3-candle reversal pattern still being printed is around 35k. I'm not conservative.
Kubitsuri Reversal Candle for BITMEX:XBT by MtGoxFX
The Kubitsuri Reversal Candle just printed on BTC weekly. It is considered a weak reversal candle due to the upward thrust to make the long lower wick. I am more bearish than bullish over the next few weeks, as we have had a good run and BTC needs a breather, I think. Conservative entry for…
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