I am not sure how do you use the three candle set-up, but to me I only take it seriously when it shows reversal of trend direction, the three white soldiers you show in your chart were present in a natural trend direction (up) so they are kind of irrelevant, the real three white soldiers were the candles of Feb,March and April , and they worked out very well, the market went up more than 150% after April candle closed, these three black crows I am pointing out has every characteristic that determines a trend reversal
1-They came up after about a movement of 315% to the upside
2-The wicks show strong rejection to the down side
3-RSI was very close to critical a resistance on the monthly (67)
and by the way, the best way to use the three set-up candle is along side with RSI , at least based on my personal experience.
I have been taking the cloud very seriously, and guess where we at now?
According to history, we must test the top of the cloud before making any higher highs, and guess where at is ?6500$ , does that match your Fib 0.705?
The cloud also tells another story , it says , bear/sideways market till 11/11/2019 , this is based on the fact that until we pass the ichimoku resistance, there should no movement to the upside, check 2016 you will get a better clue.
Again out of all these analysis, I still stand by the 20SMA on the weekly , and I still take this as a bear market until it's broken to the upside.
1-They came up after about a movement of 315% to the upside
2-The wicks show strong rejection to the down side
3-RSI was very close to critical a resistance on the monthly (67)
and by the way, the best way to use the three set-up candle is along side with RSI , at least based on my personal experience.
I have been taking the cloud very seriously, and guess where we at now?
According to history, we must test the top of the cloud before making any higher highs, and guess where at is ?6500$ , does that match your Fib 0.705?
The cloud also tells another story , it says , bear/sideways market till 11/11/2019 , this is based on the fact that until we pass the ichimoku resistance, there should no movement to the upside, check 2016 you will get a better clue.
Again out of all these analysis, I still stand by the 20SMA on the weekly , and I still take this as a bear market until it's broken to the upside.
@mikeywith, you should continue to give us your TA prediction, it's a good thing to see some perspectives regarding market charts .
Since bitcoin has a bullish movement two days ago, what do you think about the next movement? will it still drop to $6500 or so? or bitcoin will reach over $10K by next month 11/11/2019?