Market Notes｜$Q ｜5 consecutive bullish daily candles｜Cumulative +309.43%
Definition: A bullish candle compares its own open and close prices. Since Binance trades continuously 24 hours a day, the daily candle’s opening price is basically the previous day’s closing price, so a bullish candle generally means a rise from the previous day’s close.
Common interpretation: There’s no set duration for a streak of bullish or bearish candles. Sometimes a streak lasts a long time; other times it reverses after just a few days. The number of days alone can’t tell you what happens next.
Don’t change your pace based on a single indicator, and certainly don’t gamble borrowed money on a hunch.
Definition: A bullish candle compares its own open and close prices. Since Binance trades continuously 24 hours a day, the daily candle’s opening price is basically the previous day’s closing price, so a bullish candle generally means a rise from the previous day’s close.
Common interpretation: There’s no set duration for a streak of bullish or bearish candles. Sometimes a streak lasts a long time; other times it reverses after just a few days. The number of days alone can’t tell you what happens next.
Don’t change your pace based on a single indicator, and certainly don’t gamble borrowed money on a hunch.