CRYPTO MECHANIC
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Candle stick patterns are a very basic form of technical Analysis and i call it a scam.
Anyone who starts learning technical analysis or anyone who is teaching they start from candlestick patterns.
Doji is a buy
Inverted hammer/shooting star is a sell it's all a scam.
If trading charts was that easy why 90% of the traders lose money?
Look at the chart below. imagine the amount of people may have shorted this coin noticing these hammers/shooting stars.
Do not pay much attention to these patterns. Pay attention to market structure only. As long as the structure is bullish you don't have to shift your bias.
One candle isn't enough to decide the trend change . Always Wait for the more data.
Keep learning.
Anyone who starts learning technical analysis or anyone who is teaching they start from candlestick patterns.
Doji is a buy
Inverted hammer/shooting star is a sell it's all a scam.
If trading charts was that easy why 90% of the traders lose money?
Look at the chart below. imagine the amount of people may have shorted this coin noticing these hammers/shooting stars.
Do not pay much attention to these patterns. Pay attention to market structure only. As long as the structure is bullish you don't have to shift your bias.
One candle isn't enough to decide the trend change . Always Wait for the more data.
Keep learning.
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