imran Abbas 5
--
Candlestick Patterns: The Most Overrated Scam in Trading
Candlestick patterns – the most overhyped part of technical analysis. Every beginner starts with them, and every so-called trading “guru” teaches them first. A Doji? That’s a buy signal. Inverted hammer or shooting star? That’s a sell. Really? If it was that easy, why do 90% of traders still lose money?
Just look at any chart. You’ll find shooting stars and hammers everywhere. Now imagine how many people must have shorted that coin just because they saw a few “bearish” candles. And what happened? The price pumped anyway, wrecking everyone who blindly followed the pattern.
That’s exactly why I call candlestick patterns a scam. They sell it in courses and YouTube videos, while completely ignoring the real game – market structure.
Market structure is everything. As long as the structure is bullish, no single candle should change your bias. Don’t assume a trend reversal just because of one or two candles. Read the overall context. Are higher highs and higher lows still forming? Then the trend is still bullish. Simple.
Wait for more data. Look for real confirmation. Patience is what separates consistent traders from gamblers.
To summarize:
Stop over-relying on candlestick patterns.
Focus on market structure.
Don’t react to one candle.
Always look at the bigger picture.
The learning never stops. Be smart. Don’t follow blindly.
$BTC candlelistic
Just look at any chart. You’ll find shooting stars and hammers everywhere. Now imagine how many people must have shorted that coin just because they saw a few “bearish” candles. And what happened? The price pumped anyway, wrecking everyone who blindly followed the pattern.
That’s exactly why I call candlestick patterns a scam. They sell it in courses and YouTube videos, while completely ignoring the real game – market structure.
Market structure is everything. As long as the structure is bullish, no single candle should change your bias. Don’t assume a trend reversal just because of one or two candles. Read the overall context. Are higher highs and higher lows still forming? Then the trend is still bullish. Simple.
Wait for more data. Look for real confirmation. Patience is what separates consistent traders from gamblers.
To summarize:
Stop over-relying on candlestick patterns.
Focus on market structure.
Don’t react to one candle.
Always look at the bigger picture.
The learning never stops. Be smart. Don’t follow blindly.
$BTC candlelistic
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
0