Erick Guinea retweetledi

I backtested every week since 2017 where Bitcoin was up more than 3% by Wednesday close and across 141 occurrences, the week closed green 86% of the time.
Above 5% by Wednesday and the number jumps to 91% across 92 weeks.
Right now the weekly open is $70,741 and Tuesday closed at $74,131. Here are the two important levels that will decide the weekly close.
1- If Wednesday closes above $72,863 (3% above the weekly open), the 86% pattern fires. 121 out of 141 weeks closed green from here.
2- If Wednesday closes above $74,278 (5% above the weekly open), the 91% pattern fires. 84 out of 92 weeks closed green from here.
But whenever the week was up more than 5% by Wednesday and still closed red, the average drop from Wednesday to Sunday was around 8.2%. Those are the 9 out of 92 exceptions. So when this pattern fails, it fails hard but yes, it only fails 9% of the time.
$72,863 and $74,278, make sure to check these two numbers at midnight UTC tonight.
Also, if you have been following the series then you already know the weekly close is decided by Wednesday and the Monday close sets the direction for the rest of the week.
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