I dub this 3-day 1D candle pattern "three rockets". The first is a continuation candle and the other two are bullish hammers. Interestingly, 4H candles in the highlighted callout print a little consolidation wedge.
Some on chain indicators I'm viewing such as the Reserve Risk on BTC show us entering the lowest point (think oversold) since November 2020. The rest are somewhere in the middle, so I continue to believe we aren't through with the bull cycle.
Lastly, we punched strongly through the resistance trend line . If the 1D closes over this, and BTC at least holds its price level, I'm bullish (for now).
Some on chain indicators I'm viewing such as the Reserve Risk on BTC show us entering the lowest point (think oversold) since November 2020. The rest are somewhere in the middle, so I continue to believe we aren't through with the bull cycle.
Lastly, we punched strongly through the resistance trend line . If the 1D closes over this, and BTC at least holds its price level, I'm bullish (for now).
