$BTW has had 7 consecutive bullish daily candles, gaining a total of +71.88% over that period, and is up +6.35% so far today.
Taking these figures as a starting point, let’s talk about consecutive bullish and bearish candles.
The cumulative price change is measured from the opening price of the first candle in the streak to the closing price of the latest one. It reflects the strength of the move better than simply counting the number of consecutive days.
Rushing to buy the dip after consecutive down days or chasing a rally after consecutive up days are both common impulsive mistakes. It’s better to first consider what you’ll do if your judgment is wrong, and only then act.
Don’t chase a trade at the most volatile moment. Wait for the candlestick to close and settle before taking another look.
#BTW
The above is a compilation of publicly available information. Please verify it independently.
Taking these figures as a starting point, let’s talk about consecutive bullish and bearish candles.
The cumulative price change is measured from the opening price of the first candle in the streak to the closing price of the latest one. It reflects the strength of the move better than simply counting the number of consecutive days.
Rushing to buy the dip after consecutive down days or chasing a rally after consecutive up days are both common impulsive mistakes. It’s better to first consider what you’ll do if your judgment is wrong, and only then act.
Don’t chase a trade at the most volatile moment. Wait for the candlestick to close and settle before taking another look.
#BTW
The above is a compilation of publicly available information. Please verify it independently.