$JCT ｜7 consecutive bearish daily candles｜cumulative -46.22%
Before discussing funds, let's first clarify consecutive bullish and bearish candles.
Binance's daily candles open at 00:00 UTC and close at 00:00 UTC the following day, which is 8 a.m. Beijing time. So each day's candle starts at 8 a.m. that day.
More useful than the number of consecutive days is often whether the candle bodies in this stretch are getting larger or smaller: bodies that shrink day by day are often seen as a sign of weakening momentum.
Unusually rare readings often indicate a wider price swing. At such times, it's wiser to reduce leverage rather than make a large bet.
The above is compiled from public information. Please verify it independently.
Before discussing funds, let's first clarify consecutive bullish and bearish candles.
Binance's daily candles open at 00:00 UTC and close at 00:00 UTC the following day, which is 8 a.m. Beijing time. So each day's candle starts at 8 a.m. that day.
More useful than the number of consecutive days is often whether the candle bodies in this stretch are getting larger or smaller: bodies that shrink day by day are often seen as a sign of weakening momentum.
Unusually rare readings often indicate a wider price swing. At such times, it's wiser to reduce leverage rather than make a large bet.
The above is compiled from public information. Please verify it independently.