Long Lower Shadow CandlestickMeaning
If the candle is bullish (white or green), the price dips down quite low following the interval’s opening due to the bears’ influence. However, the bulls gain control and push the price back up again, so the interval closes above where it began.
If the candle is bearish (black or red), the bears take the reins and force the price downward. After they’ve done all they can, they experience a pushback. The bulls take over and propel the price back up so the interval’s close is relatively far above the overall low.
The Long Lower Shadow candlestick is typically considered to be a bullish signal, but it is quite weak in this capacity. In addition, when the market is oversold or at support, the Long Lower Shadow candlestick tends to be more significant.
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Although the Long Lower Shadow candlestick doesn’t have a lot to say on its own, it should still be included in the larger conversation. When you spot it, look for surrounding candlestick patterns of which it may be a part.
Good luck!
*DISCLAIMER*:
I am not a financial advisor nor am I giving financial advice.
I am sharing my biased opinion based on speculation.
You should not take my opinion as financial advice.
You should always do your research before making any investment.
You should also understand the risks of investing. This is all speculative based investing.
Cryptocoin
Cryptocurrency Market CorrelationIt's safe to say there is a lot of correlations in price in the cryptocurrency sector.
There may be some inverse correlations short-medium term that provide opportunities on how to multiply capital, but medium-long term it looks like the market follows a general trend.
This proves one can only be so diversified in 1 sector (e.x crypto) and that there is NO safe haven crypto to go all in on during corrections.
Cash is KING and will go much further in crypto dips as USD value vs satoshi is much more favorable.
RIOT Blockchain Inc. bullishSee the setup for a bullish scenario with pullbacks possible to cover previous gaps up, creating buying opportunities. Often times the gaps in price action will have a tendency to be covered by future price action. These areas act as support and resistance and magnets for price action to retrace and afterward continue the underlying trend.
BITCOIN - Which international Pair is BESTThe currency pair you trade (BTC/USD, BTC/CNY, etc) does not need to be a habit or a consequence of nationality, but a decision you review at least once a year. Bitcoin makes it easy to change your instruments and broker/exchange. The most commonly traded pairs are BTC/CNY (Bitcoin/Chinese Yuan) and BTC/USD (Bitcoin/US Dollar). Most banks and merchants accept either and there is liquidity in these currency markets, meaning you can get in and out of BTC/CNY and BTC/USD with relative ease. The trader’s choice of currency may also be based on practical considerations: it simply depends on what is more convenient for you. For example, if you have a GBP-based bank account then it’s rational to trade BTC/GBP and withdraw the fiat without having to pay fees on exchanging, say, USD to GBP. Cryptocoin News 15 March 2015
CRYPTOCURRENCY - INVESTMENT VS. the FUTURE of CURRENCYHey Guys!! I really want to know what you think about cryptocurrency. Do you see it as an investment opportunity only, or do you use crypto as much as you can as currency on your day to day life? Many people are starting to see bitcoin as a big investment opportunity, but wouldn't it give it more value if people actually used it as a currency rather than just invest money and pull out when they have made the gains they wanted?
Tell us what you think in a comment below.
