Bearish bias in BTCUSD
BTCUSD
BTCUSD last printed 82342.57 on the hourly chart. The trend is the latest 48 closes, through the current bar. Over that period price moved -0.80 %.
History turned up 31 similar trends that did not overlap. 12 closed bullish 20 hours later and 19 closed bearish. 61 % closed lower, a bearish bias strong enough for a note.
The average advance on the bullish closes was 0.88 %. The average decline on the bearish closes was -1.31 %. Across the whole set, the average move 20 hours later was -0.46 %.
31 prior trends is a broad history. The bias describes where price already closed. It does not set the next bar.
The numbers
| Symbol | Last | 48h move | Setups | Bullish | Bearish | Avg. next 20h |
|---|---|---|---|---|---|---|
| BTCUSD | 82342.57 | -0.80 % | 31 | 12 | 19 | -0.46 % |
This is not financial advice. It is an indicator based on statistics from historical data.