BTCUSD Three Outside Up

The first candle continues the bearish trend , with the close lower than the open indicating strong selling interest while increasing bear confidence. The second candle opens lower but reverses, crossing through the opening tick in a display of bull power. This price action raises a red flag, telling bears to take profits or tighten stops because a reversal is possible. The security continues to post gains, lifting price above the range of the first candle, completing a bullish outside day candlestick . This increases bull confidence and sets off buying signals, confirmed when the security posts a new high on the third candleBTCUSD