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Malik Israr Ahmad
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Bullish Engulfing Candlestick plays an important role in Trading. Its complete explanation will be posted soon! #BTC #Write2Earn!

Bullish Engulfing Candlestick plays an important role in Trading.

Its complete explanation will be posted soon!

#BTC

#Write2Earn!

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#DOGE is looking very sexy on Weekly TF. Expecting this Token above $1 in this bull cycle! NFA
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🔥🔥🔥DRAGONFLY DOJI CANDLESTICK🔥🔥🔥 A Dragonfly Doji is a type of candlestick pattern that signals a potential price reversal, either to the downside or upside, depending on past price action. Here are some key points to consider ¹ ² ³: 👉 The Dragonfly Doji occurs when the high, open, and close prices are the same. 👉 The long lower shadow suggests that there was aggressive selling during the period of the candle. 👉 The pattern is more significant if it occurs after a price decline, signaling a potential price rise. 👉 If it appears after a price advance, it indicates more selling is entering the market and a price decline could follow. 👉 The pattern needs to be confirmed by the candle following the Dragonfly Doji. 👉 The Dragonfly Doji is not a reliable tool for spotting most price reversals. 👉 The size of the dragonfly coupled with the size of the confirmation candle can sometimes mean the entry point for a trade is a long way from the stop loss location. 👉 The Dragonfly Doji works best when used in conjunction with other technical indicators, especially since the candlestick pattern can be a sign of indecision as well as an outright reversal pattern.
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#BTC is in bump phase. Pump phase will begin soon!
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🔥🔥THREE WHITE SOLDIERS🔥🔥 The three white soldiers candlestick pattern is a bullish reversal pattern that appears at the bottom of a downtrend. It consists of three consecutive white candles, each with a long body, that open within the real body of the previous candle and close higher than the previous candle. Here's a visual representation: Candle 1: ___________ | | | White | | | ___________ Candle 2: ___________ | | | White | | | ___________ Candle 3: ___________ | | | White | | | ___________ The three white soldiers pattern indicates a strong reversal in market sentiment, suggesting that the downtrend is losing momentum and an uptrend may be imminent. Traders often use this pattern as a buy signal, and it may be used in conjunction with other technical indicators to confirm the reversal. The pattern is more reliable when: - The candles are long-bodied and have minimal shadows. - The pattern appears after a significant downtrend. - The volume increases during the formation of the pattern. The three white soldiers pattern is the opposite of the three black crows pattern, which is a bearish reversal pattern.
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#BTC has made a successful breakout from symmetrical Triangle. $70K is on cards ! NFA
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