Coin Edition -
- Crypto Analyst tweeted that BTC was forming the “Delayed Bullish Thrust N’ Bust” pattern.
- BTC is testing the 200-day MA after breaking below it. It may not have the momentum to break it.
- The 50-day MA approaches the 200-day MA from above, and BTC could be heading for a death cross.
A crypto influencer and analyst, Tyler Strejilevich, tweeted that a “mega bust” was impending for BTC after it formed the “Delayed Bullish Thrust N’ Bust” pattern with five sequential candlesticks.
Based on his perspective, the analyst specifically highlights how the “ginormous very bullish candle” was followed by “two decreasingly large green candles,” which then was followed by two bearish candlesticks that go no lower than the second original bullish candle.
The "Delayed Bullish Thrust N' Bust" is a bullish continuation candlestick pattern characterized by 5 sequential candles:1. A ginormous very bullish candle
2. Two decreasingly large green candles
3. Two consecutive bearish candles going no lower than the 2nd original bullish… https://t.co/krfpDpoWnk pic.twitter.com/uOgE2Zog5z
— Tyler Strejilevich (@TylerSCrypto) February 12, 2023
Considering the chart…
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