BTCC-B.TO TSE
Purpose Bitcoin CAD ETF Non-Currency Hedged
STAY LONG
Close
5.0000
Prev.Close
5.3100
Change
-0.3100
Change%
-5.84%
BEARISH STOP LOSS
Bought at
5.2600
Open
5.2100
High
5.2200
Low
4.9500
Close
5.0000
Loss%
-4.94%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 26/05/2023, 10 days ago, when the stock price was 5.2600. Since then BTCC-B.TO has fallen by -4.94%.
A sudden bearish attack caught us off guard without the forewarning of a bearish pattern. We may be on the verge of conceding the death of bullish case and getting ready to cut our bullish bet. Our previous BUY signal didn't work out. This happens. Sometimes, candlestick patterns falter. We owe you an apology for that but this is exactly what we have the stop loss mechanism for. The bearish stop loss of the last bullish pattern is triggered today. The current share price is already below the stop loss level, but the signal is still suggesting to STAY LONG. The SHORT signal requires a black body whose close is below the stop loss level and the chance of detecting such a black candlestick is very high. The Delayed Intraday Module is ON. Given the high risk involved, following the price action on an intraday basis is now essential.
This is not a standard candlestick pattern. It is simply the stop loss compliment of all the confirmed bullish patterns. The conditions for the activation of the Bearish stop loss are two consecutive lows or a close below the stop loss level of a recently confirmed bullish pattern. more...
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