#BTC Ready for the God Candle ?
What is God Candle?
Traders and analysts interpret a “God Candle” as a highly bullish signal, reflecting robust buying pressure and the potential for a trend reversal or continuation.
It often signifies a notable shift in market sentiment and catalyzes further price appreciation.
An extended length indicates strong movement, while a short length represents minor price movement. Now, let's learn how to read the red and green candlesticks in any crypto pair.
Typically, the green color (or buying pressure) of a candle represents a BULLISH candlestick, and red indicates a BEARISH candlestick.
GOD CANDLE appears at the optimal stage/phase of the bull market, when almost every coin or token is sustained on green colours for few days/weeks and probably months but with the setting in of God Candle is the UNCERTAINTY but eventual advent of market retrace/(BEARISH trend setting in).
Many of us were deceived by many 'gurus' then not to TP as we're promised that it will keep going up even when you see that prices are on the downward trend, they kept reassuring is us that it will bounce back, (some hours it did) but you know nothing is guaranteed in this JUNGLE.
So since you as an investor, trader cannot pinpoint with specifics the end of God Candle, it's advisable to always TP on the way up, don't wait for a specific month, week or day to take Profit, start it as soon as you're convinced the bull market has set in, it could be 5% of your total assets, every 5days, 10% or even 20percent of your investments/bags every week, so that you don't regret like most of us who were burnt in the last bull run, who were busy fantasizing about the posh lifestyles we could adopt while the bull run fizzles out on us unknowingly cos no govt, institution or exchange will announce the end date of any bull run.
This market lives on sentiments and we are all SENTIMENTAL BEINGS, hence the volatility of crypto.
and we are all SENTIMENTAL BEINGS, hence the volatility of crypto.
Be ready with your plans buddies !!