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CRYPTO MECHANIC
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Doge going up and in last few days i gifted many
#DogeCoin
to my followers.
Well 😂😂
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Candle stick patterns are a very basic form of technical Analysis Anyone who starts learning technical analysis or anyone who is teaching they start from candlestick patterns. Doji is a buy Inverted hammer/shooting star is a sell, it doesn't work at all. If trading charts was that easy why 90% of the traders lose money? Look at the charts below for example. imagine the amount of people may have shorted this coin noticing these hammers/shooting stars. Or the people bought the other coin just looking at a candle with a long wick. Do not pay much attention to these patterns. Pay attention to market structure only. As long as the structure is bullish you don't have to shift your bias and same goes to a bearish market structure. One candle isn't enough to decide the trend change . Always Wait for the more data. Keep learning.
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One of the worst things you can do with yourself and your trading account is letting your position get liquidated. This only means, You do not have any trading plan You are just a gambler trying to either make money or lose it all.
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$BTC Weekly chart update Fully engulfed the last green candle. If i keep it straight, I think it's much better to give Bitcoin some time to see what it wants to do if you're a bull. This market uncertainty liquidate so many accounts, The best thing you can do right now is just sit on the sidelines and watch. Trade it when it's easy.
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How To Use Take Profit And Stop-Loss Together In Spot Trading
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Which one do you think is likely to happen on $BTC ? Or will it go up from here no more drops? Scenario 1 - A drop down to $50k - $52k Scenario 2 - A drop down to $40k - $45k
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