The bullish pin bar candle pattern is a technical analysis tool that can be used to spot probable trend reversals. This suggests that there is substantial purchasing pressure at the current price level.
It is not, however, a perfect prediction of the bull market. Why? Because even after a bullish pin bar candle pattern develops, the market might still go in the opposite direction. Other elements to examine include market trends, trading volume, and support and resistance levels.
https://www.morpher.com/blog/bullish-and-bearish-pin-bar-patterns
Topic: Can the bullish pin bar candle pattern be used to predict the bull market? - page 2. (Read 197 times)
November 13, 2023, 09:06:42 AM
November 13, 2023, 08:27:25 AM
Are there any specific candle patterns that you know of that can be used in technical analysis to catch the Bull Run ahead of time?
Of course, go back to your price action reading, all the bullish pattern therein would be a very good sign of halving's bull run just like how it happened from September to November. But be sure that you use 1W or 1M for it. They could also guide you if the pattern changes, which might be the time to opt-out.Quote
There are those who argue that candlestick patterns called bullish pin bars signal a bull market, but I am not so sure about the validity of candlestick patterns in terms of predicting the right outcome.
I'm a living witness to the goodness of price actions my friend, they are so powerful when used on higher timeframes. Nevertheless, I make sure that I use other trend trading or breakout strategies to filter/confirm the signal.Quote
Do you have an indicator that you use that you think is useful for accurate predictions in technical analysis? Also, have you come across such a sign in the recent past until today and what are your analyzes?
I've used countless indicators, both default and custom, I must tell you that they are weak, you do not rely on them as they often fake signals. The ones you see that are crossed now might uncross at the moment after, so they are not so reliable. You would see them confirming the halving too since they work with the market price but I prefer price action for reliability if you know how to read it better.Perhaps, you confirm it with an indicator to be more sure.
November 13, 2023, 06:59:00 AM
I have personally used the following indicators while trading and from my experience I could say that all these will help you at certain point of time but not every time and the harsh reality of these indicators are they will form a pattern post the price change occurs and not before that most of the time and hence, I would suggest to rather start researching about the current market situations and any news and events about crypto which could have positive or negative impact on crypto and trade accordingly. Indicators has helped me but to the extend and the accuracy suggested by influencers.
RSI
MACD
Bollinger bands
ZLSMA
Double EMA
Hull moving average
RSI
MACD
Bollinger bands
ZLSMA
Double EMA
Hull moving average
November 13, 2023, 06:44:40 AM
There are those who argue that candlestick patterns called bullish pin bars signal a bull market, but I am not so sure about the validity of candlestick patterns in terms of predicting the right outcome.
It's hard to predict the market because even market makers are unable to control everything, every event on this planet. Hence sometimes their plans will be broken or not fully completed as their initial plan.You will have an easier life if you don't time the market and only focus on fundametals as well as have a long term investment.
What are fundamentals of Bitcoin that are good for your long term investment?
It's Controlled supply. In another way to represent it, it is Bitcoin equivalent network time.
Dig more about it with How is the 21 million Bitcoin cap defined and enforced?
Don't use indicators, try to look at fractals.
November 13, 2023, 06:28:44 AM
As April's Halving event approaches, one wonders even more when the expected increase in BTC's value will take place. Are there any specific candle patterns that you know of that can be used in technical analysis to catch the Bull Run ahead of time? There are those who argue that candlestick patterns called bullish pin bars signal a bull market, but I am not so sure about the validity of candlestick patterns in terms of predicting the right outcome.
Do you have an indicator that you use that you think is useful for accurate predictions in technical analysis? Also, have you come across such a sign in the recent past until today and what are your analyzes?
Do you have an indicator that you use that you think is useful for accurate predictions in technical analysis? Also, have you come across such a sign in the recent past until today and what are your analyzes?
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