Indicator Notes | $JCT | 5 consecutive bearish daily candles | Cumulative -38.69%
Definition: A bearish candle is determined by the open and close of that individual candlestick. Binance trades continuously 24 hours a day, so the daily candle’s opening price is almost the same as the previous day’s closing price. Therefore, a bullish candle generally means the price rose compared with the previous day’s close.
How to read it: After several consecutive candles moving in the same direction, the price has often moved quite far from its short-term moving average. A pullback toward the moving average is not unusual.
All indicators summarize past price movements; the market can turn in the opposite direction at any time.
#JCT
Just my personal view—take it for what it’s worth. This is not advice.
Definition: A bearish candle is determined by the open and close of that individual candlestick. Binance trades continuously 24 hours a day, so the daily candle’s opening price is almost the same as the previous day’s closing price. Therefore, a bullish candle generally means the price rose compared with the previous day’s close.
How to read it: After several consecutive candles moving in the same direction, the price has often moved quite far from its short-term moving average. A pullback toward the moving average is not unusual.
All indicators summarize past price movements; the market can turn in the opposite direction at any time.
#JCT
Just my personal view—take it for what it’s worth. This is not advice.
