Bitcoin Cash (ABC) Morning Star (Learning)

Here is the "Morning Star" bullish pattern.

"A morning star candlestick pattern is seen by technical analysts as a bullish sign following a downward trend. The pattern consists of three candles".

I've been watching Bitcoin Cash (BCHZ18) closely on BitMEX, and this pattern came up as price went down. As soon as I saw it, I opened a position which is now in huge profits.

This post is shared for learning purposes. This is no trade advice.

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Thanks a lot for reading.

Namaste.

Note

And we move up! Now we have the same pattern building up on a higher time frame... Now you know what it means... :)

Namaste.

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