Three White Soldiers

After sliding 45% on a breakout lower from the descending triangle that so many traders were watching, BTC is finally putting in a bullish reversal pattern, the Three White Soldiers (TWS). TWS is quite rare, but when it does form, back tested results strongly favor a long-term trend reversal. It is not uncommon for some short-term relief after TWS, so keep an eye out for that. If the low from the first candle in the pattern holds, the pattern is still in effect. If the close on today's bar is a full body (or mostly full) bullish Marubozu, the TWS will be formed.