$BTC
Looking like a bad low that we put in last week.
I checked similar daily candles with a big bearish body and a big lower wick.
- 13 out of 17 took out the low within 7 days.
- 15 out of 17 took out the midpoint of the wick within 7 days.
So historically, a bearish candle with a big wick and big body is not a good bottoming formation.
Looking like a bad low that we put in last week.
I checked similar daily candles with a big bearish body and a big lower wick.
- 13 out of 17 took out the low within 7 days.
- 15 out of 17 took out the midpoint of the wick within 7 days.
So historically, a bearish candle with a big wick and big body is not a good bottoming formation.