Bitcoin Analyze (Master Candle in 1-hour time frame)!!!
Updated
📚What is the Master Candle❗️❓📚
First of all, I am going to describe what is a Master Candle. Basically, these are the candle with big bodies and wicks (the sticks over and under the body of the candle) marking a new high or a new low and whose extension or range covers the following 4 or more candles.
Usually, if we observe the formation of a master candle, we can determine a range between the maximum and minimum of that candle which will be stronger the more candles are within the range. It is therefore expected that in the event of rupture, the prince will make a fairly strong movement in the direction in which the breakout occurs. For this reason, it is recommended to apply this trading strategy in instruments and assets that are sufficiently volatile in order to capture a strong movement.
🔔It seems that Bitcoin was able to create a Master Candle in the 1-hour time frame; it is expected that the lowest price of the master candle will be broken in the next 3️⃣ to 5️⃣ candles.
🔔The minimum amount of drop can be equal to the distance between the highest and lowest price of Master Candle.
🔔Also, Bitcoin was able to make a rising wedge near the downtrend line in a 15-minute time frame.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
First of all, I am going to describe what is a Master Candle. Basically, these are the candle with big bodies and wicks (the sticks over and under the body of the candle) marking a new high or a new low and whose extension or range covers the following 4 or more candles.
Usually, if we observe the formation of a master candle, we can determine a range between the maximum and minimum of that candle which will be stronger the more candles are within the range. It is therefore expected that in the event of rupture, the prince will make a fairly strong movement in the direction in which the breakout occurs. For this reason, it is recommended to apply this trading strategy in instruments and assets that are sufficiently volatile in order to capture a strong movement.
🔔It seems that Bitcoin was able to create a Master Candle in the 1-hour time frame; it is expected that the lowest price of the master candle will be broken in the next 3️⃣ to 5️⃣ candles.
🔔The minimum amount of drop can be equal to the distance between the highest and lowest price of Master Candle.
🔔Also, Bitcoin was able to make a rising wedge near the downtrend line in a 15-minute time frame.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Note
The more candles, the more credit the Master Candle has.Note
Master Candle broke from above; now we have to wait to see if Bitcoin can break the 🔴resistance zone🔴 or not.Note
Bitcoin Analyze (Road Map, 06/23/2023)!!!🗺️(15-min)
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