10 green daily candles in a row | Bitcointalksearch.org

gustavroy

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Quote from: layoutph on August 05, 2021, 11:25:03 PM

I am not a professional trader, but I dont know if theres a big deal with 12 consecutive green candles. I think this is very common when a crypto is price is so huge and very bullish. I think this will happened again when Bitcoin started to surpass the last ATH which is $64k.. Bitcoin will rally again from $65 going up in full speed.

It is not common actually. It happened only 1 or 2 time in the history and we know what happend after. As far as we come the candles after greens not like the 2015 but in big picture it can be resemble eachother

layoutph

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I am not a professional trader, but I dont know if theres a big deal with 12 consecutive green candles. I think this is very common when a crypto is price is so huge and very bullish. I think this will happened again when Bitcoin started to surpass the last ATH which is $64k.. Bitcoin will rally again from $65 going up in full speed.

cheezcarls

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Quote from: GreatArkansas on July 31, 2021, 11:56:54 PM

Ethereum got more daily green candles to compare to Bitcoin.

Last July 29, and yesterday (July 31) Bitcoin daily candles close below the opening price, so it is red.
But if you take a look at Ethereum, 11 consecutive green daily candles,s and if we will close again today above the opening price, it will become 12 daily candles consecutive.

ETH/USDT

Well it’s because of the hard fork upgrade and maybe some other key factors that would drive investors to pour their money into Ethereum than Bitcoin and other cryptocurrencies today.

10 consecutive green candles are a great thing, in which it’s something that we haven’t seen in a very long while. But again, don’t buy the FOMo especially if the chart is on a parabolic curve.

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Quote from: LUCKMCFLY on August 04, 2021, 12:01:25 AM

The truth is that the study of candles is one of the things that I think is done in short-term trading or scalping, I have a doubt, if we analyze the market in a time of 1d, 4h, 1h it is easier to predict the candles What are they formed? Since in the long term the analysis tends to give a more lasting behavior, but I know that when analyzing the market, the shortest temporality that volatility has is enormous and I do not know how accurately it is possible to predict what the candles will be. What? I have to say that I only tried scalping trading once and it didn't work out very well, that's why I don't do it.

Maybe in forex where I saw some efficiency (until there wasn't) and maaaybe in crypto during sideways trading or low volatility but just taking a look at yesterday's Bitcoin candles at 4h, impossible to give any meaningful results, depending on which side you're looking at. Had a lot of fun scalping alts in 2017 until the peak just fizzled out, and then I basically lost almost everything I took a lot of pains to gain. And this was in confirmation with signal groups I tried out in that period too (I know, I know, but I learnt my lesson).

LUCKMCFLY

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The truth is that the study of candles is one of the things that I think is done in short-term trading or scalping, I have a doubt, if we analyze the market in a time of 1d, 4h, 1h it is easier to predict the candles What are they formed? Since in the long term the analysis tends to give a more lasting behavior, but I know that when analyzing the market, the shortest temporality that volatility has is enormous and I do not know how accurately it is possible to predict what the candles will be. What? I have to say that I only tried scalping trading once and it didn't work out very well, that's why I don't do it.

roosbit

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Over 10 green candles on the daily time frame is a strong signal for a strong market, but we all know markets can not get away with it with only green bullish candles, it needs to run with other red candles for the balance to happen.
If markets keeps showing green candles that might be a sign of manipulation, fyi this is a daily time frame and its saying 10 consecutive days are all bullish, am not buying this to be naturally demand in the market, some whales have a hand in this.

GreatArkansas

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Quote from: davis196 on August 03, 2021, 07:41:47 AM

Even if there's a record of multiple green daily candles in a row,that doesn't matter to me.
Such price patterns are temporary and history has shown that bullish and bearish trends don't last forever.

I believe that the same candle pattern can be compared in higher time frames, it could be the basis for technical analysis but as what technical analysis is, not 100%, can't be guaranteed 100%. Some traders or people also using some fractals and connection the history prices or candles of a chart.
I'm more satisfied having a basis that happened before than none, so looking on previous candles is also good, but not all of the time.

NeuroticFish

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Quote from: davis196 on August 03, 2021, 07:41:47 AM

Even if there's a record of multiple green daily candles in a row,that doesn't matter to me.
Such price patterns are temporary and history has shown that bullish and bearish trends don't last forever.

Exactly. I'd say that either OP jinxed it, either somebody was looking for the same pattern to decide when to cash in, since this seems to be the 4th day down after the great rise.
Of course that it can move in any direction.

davis196

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Even if there's a record of multiple green daily candles in a row,that doesn't matter to me.
Such price patterns are temporary and history has shown that bullish and bearish trends don't last forever.
However,this might be a sign that the crypto traders are becoming more optimistic about Bitcoin.The spring FUD is over and the "summer lethargy" of the cryptocurrency markets might be over soon(probably during September).There might be a short term bull run coming.

crwth

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On a daily timeframe, that's a pretty rare occasion for that. But that's not going to be always the case. Could this be another pattern form that could be a signal to bullish points? I'm pretty curious about how many patterns like this show, and it just rises like that. I doubt it will be seen in a lower timeframe because of the volatility that we have here in the cryptocurrency world.

Ararbermas

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It will takes time again before it exist and no one knows when it will happen., btw are you using heikin candles? Seems the same because after the multiple small green candle it rapidly increase to the top, indeed the formation of the candle as well..

For me probably it will collapse first, because as you cann see there's a big candle that formed after the correction wherein in my view there's a potential it will plunges and will make a new support before make another multiple green candle, btw I'm not an expert it was just my opinion. Cheesy

Boov

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Quote from: gustavroy on July 31, 2021, 05:57:30 AM

HEllo guys. As you know, 10 green candles in a row and we are in 11th. What do you think about the new record ( 13 green candle in a row) will occur or not? 12 green candle in 2015 graphic is in the below.

~snip~

As you can from the chart My autumn big bull prediction is getting serious day by day. What your thoughts?

(I fixed the broken image link)

That looks promising, we don't know yet what outcomes it may bring for all of us here. Unpredictable market still remains so undeniable while difficulties is there in times of bear and bull competition. Normally we're governed by our anxieties, that's why we failed to manage our own personal vision and targets.
Based on what we have observed in the chart, graphically that gives us definite idea which isn't going to coincide in reality.
Before bullish market happens, take time to build a good structure for your assets so when it perfectly commence you won't miss all the opportunities.

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Quote from: TravelMug on August 01, 2021, 04:13:50 AM

Yeah, 10 consecutive green candles, the longest streak we have, July 21 to July 30.

What do you think of the new record? Of course, everyone is elated to see the price goes up after a horrendous $28k downward. Although for sure the run to $50k, might be very hard and stiff. We need to break again $42k and sustain that momentum. Definitely there is support around $38k trend line which is a strong as of the moment. So lets see how the market will do in a fresh new month and hopefully we will see consecutive green candles again.

Such looking like bullsh for next week with the little idea that I have watched from cmc with the candles and that the news from around bitcoin is making this moment to increase the price of bitcoin. Next week looks like the resistance of $42,000 may be broken.

teosanru

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Quote from: gustavroy on July 31, 2021, 05:57:30 AM

HEllo guys. As you know, 10 green candles in a row and we are in 11th. What do you think about the new record ( 13 green candle in a row) will occur or not? 12 green candle in 2015 graphic is in the below.

As you can from the chart My autumn big bull prediction is getting serious day by day. What your thoughts?

(I fixed the broken image link)

Haha actually I was thinking very much the same on 31st, didn't know about this record though, but I was surprised to see 11 continuous green candles on BTC, It's been quite a long that we have seen so many green candles in BTC. but luckily we didn't get the 11th and even today it's been a fight on the market in the morning which looked like a green candle turned into a red candle later this evening but now is again turning a bit green.

Quote from: so98nn on August 01, 2021, 12:08:11 AM

I am not sure what to make out of this?

But if we compare the current trend with the available theories of Candlesticks then they predict that we have upward movement soon and bitcoin will be going bullish soon.

The method is called as Inverse Hammer.

As per you we have 10-12 green candles in row this means we can easily state that BTC has already entered into bullish trend with enough resistance.
I am connecting the dots with Inverse Hammer because that's the closest prediction graph in the current situation.

Would love to hear more analysis on this one.

How is this an inverse hammer?? An Inverse hammer has a long wick on upward direction with a very small body. Something like this:

What you are showing look more like three White soldiers.

gustavroy

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Quote from: TravelMug on August 01, 2021, 04:13:50 AM

Yeah, 10 consecutive green candles, the longest streak we have, July 21 to July 30.

What do you think of the new record? Of course, everyone is elated to see the price goes up after a horrendous $28k downward. Although for sure the run to $50k, might be very hard and stiff. We need to break again $42k and sustain that momentum. Definitely there is support around $38k trend line which is a strong as of the moment. So lets see how the market will do in a fresh new month and hopefully we will see consecutive green candles again.

Trust the Mega Cycle. 2021 gonna amazing 2nd parth of bull run is just started. 2013-2017-2021 they all are same. You think it will suprise us but btc never suprise. Its just follow the path. 150k-250k is inevitable in 2021 according to big cycle!

TravelMug

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Yeah, 10 consecutive green candles, the longest streak we have, July 21 to July 30.

What do you think of the new record? Of course, everyone is elated to see the price goes up after a horrendous $28k downward. Although for sure the run to $50k, might be very hard and stiff. We need to break again $42k and sustain that momentum. Definitely there is support around $38k trend line which is a strong as of the moment. So lets see how the market will do in a fresh new month and hopefully we will see consecutive green candles again.

gustavroy

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Quote from: sheenshane on July 31, 2021, 07:01:57 PM

Replied above was right, the link didn't exist. Can you please draw it here again regarding your chart prediction?
I want to see how these 13 consecutive green daily candles are in your chart.

So you mean that the price of Bitcoin was repeated itself in the year 2015? It's possible and also a coincidence but it's nice to see if you have supported the chart of price prediction to support this speculation of yours.

I was trying to post 12 green candles but and maybe for new record today but we failed. I woke up and started a day with a Daily red candle. But its not change my end of 2021 big bull run predictions anyway.

adaseb

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What is interesting and important to note is that this rally is on neutral funding pretty much (or slightly negative). This is important because it means that most of the buying is being driven by the spot market. If there was large open interest, you can say that its shorts closing who shorted back in >$45K+ however the OI is pretty low. So it seems like its organic and spot driven demand, which is what we need.

I don't think its a short squeeze, there are shorts but not that many. Most that shorted <$30K already got stopped out. Seems that when BTC gets started on a rally its very difficult for it to get a decent pullback and its pretty much what is happening here. If you wanted a good long, it would be tough since it never gives any good dips. When this happens usually its in a huge rally for the next couple of weeks.

so98nn

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I am not sure what to make out of this?

But if we compare the current trend with the available theories of Candlesticks then they predict that we have upward movement soon and bitcoin will be going bullish soon.

The method is called as Inverse Hammer.

As per you we have 10-12 green candles in row this means we can easily state that BTC has already entered into bullish trend with enough resistance.
I am connecting the dots with Inverse Hammer because that's the closest prediction graph in the current situation.

Would love to hear more analysis on this one.

GreatArkansas

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Ethereum got more daily green candles to compare to Bitcoin.

Last July 29, and yesterday (July 31) Bitcoin daily candles close below the opening price, so it is red.
But if you take a look at Ethereum, 11 consecutive green daily candles,s and if we will close again today above the opening price, it will become 12 daily candles consecutive.

ETH/USDT

Topic: 10 green daily candles in a row (Read 146 times)