BTCUSD - Large Order Block Candle Patterns

7 days ago

This common looking candlestick that I've circled here is a type of indecision candle can indicate the presence of a large bullish order block below it. When we do a quick overview of the order flow data available through BookMap's heatmap we can clearly confirm that a massive order block does indeed exist and support spans a substantial area below current price action. For this asset class this can justify marking the candle with a green dot which indicates a long entry was taken. The green dot which is substantiated by not only correlation between this asset and the DXY index but confluence from actual order flow data.