👋Hi, I hope you have a great weekend. 📚It is better to know that candles are considered as passports for charts. Candles alone or together ( candlestick patterns ) can convey concepts to us that help us identify price trends, and these patterns are in higher time frames , more volume and closer to standard patterns , the more valid they will...
📚 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...
hi, today I am analyzing one of the popular projects that it is working on Metaverse . its name is Decentraland (MANA). Decentraland Analyze ( MANAUSDT ) Timeframe 4h⏰ (Log Scale) I have two strategies for MANA ( Bullish 🐮 and Bearish 🐻). Bullish 🐮 Strategy: if MANA can break the resistance zone ( 4.1$_4.36$ ), Then I can say that the Bullish Flag ...
hi everyone👋, first I have to say sorry for my busy chart 🙏, Maybe I have to reward someone who can find the number of my chart patterns 😀🏆. Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰ Location 🌊: about the location of Bitcoin , please read my post with the topic ''Bitcoin Analyze (Two Descending Triangle )!!!'' . Patterns : Still, Bitcoin wants...
Significance of Master Candle Master candle signifies a point in time where the price falls into a tight range and both bulls and bears are struggling to move out of this range. The 4 child candles following the master candles represent the state of dilemma between bulls and bears. You may also choose to look at only 3 child candles and ignore the 4th one. As...
- Sharing some thoughts on BTC on 4hr chart. - The primary factor to monitor would be whether or not the bottom of the yellow upward parallel channel can successfully support BTC. It’s the red box on the chart. - If it fails supporting, BTC is most likely to get into corrective phase and at least test the bottom at $55200. - I have marked some of considerable...
#ETHUSDT yesterday #Ethereum price made a bullish master candle that most of it is above resistance of previous ATH. That means uptrend will continue more. $ETH will touch at least fibo level of 1.618 at $2200, and maybe $2350.
we have to wait for 8 hours later ,but sell position probably will happen on these hours.