After the huge move up last week and several days of consolidation after that our Pattern recognition has found a quantitative pattern after market close on 29th October for the Bitcoin (BTCUSD) based on past observations of Bitcoin data.
Pattern Description: Bitcoin is UP for the last 6 days more than 20% combined with Close price is above Simple Moving Average (10) 5 days in row. This exact pattern happened in the history data of Bitcoin 232 times. The BIAS of the event UP ( Bitcoin on average is going UP ). Based on these 232 observations Highest Probability (in this case 70.089 % ) average return occurred on the 18th day after with cumulative average return on that day 45.465% with BIAS UP . Check the full details below in the screenshot taken from our APP .
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