🔔 $ALT has posted 5 consecutive up days on the daily chart 🔥
Don’t get carried away just yet—first, understand what consecutive bullish daily candles mean 👇
Binance’s daily candles open at 00:00 UTC and close at 00:00 the following day, which is 8 a.m. Beijing time. So today’s daily candle starts at 8 a.m. this morning.
There’s no set duration for a streak of bullish or bearish candles. Sometimes it lasts many days; other times it reverses after just a few. The number of days alone can’t tell you what will happen next.
Understanding this indicator can help you avoid being spooked by a single number—it’s not a tool for pinpointing market tops or bottoms.
Just my personal opinion, not a basis for trading.
Don’t get carried away just yet—first, understand what consecutive bullish daily candles mean 👇
Binance’s daily candles open at 00:00 UTC and close at 00:00 the following day, which is 8 a.m. Beijing time. So today’s daily candle starts at 8 a.m. this morning.
There’s no set duration for a streak of bullish or bearish candles. Sometimes it lasts many days; other times it reverses after just a few. The number of days alone can’t tell you what will happen next.
Understanding this indicator can help you avoid being spooked by a single number—it’s not a tool for pinpointing market tops or bottoms.
Just my personal opinion, not a basis for trading.