🎓#BTC 1 Hour Time Frame Analysis with Candle Patterns🎓

As you can see in the screenshot before the drop happens Bitcoin was sideways testing EMA 50 several times.

Candlestick Patterns are very important in this stage as you can see.

Bearish and Bullish Candles with other indicators (MA, EMA, RSI, MACD, Support/Resistance) combined is a confirmation of a Trend Change.

Now let's look what's happened 5 hours ago:

. Support Bounce

. Bullish Engulfing Candle

. EMA 50 Break

. Support Zone Broken

This is why I'm saying all the time to wait for confirmation guys. No rush needed.

Hope this can help you in the future to take god decisions in your trades.

Be safe and good trading to ya'll. 🙏

#dyor #TradingTips #TradingStrategies

$BTC