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CRYPTO MECHANIC
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CRYPTO MECHANIC
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We have seen this before right?
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They wiped out $443m in just 1hr. Not 1hr actually it all happened in like 5 minutes.
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Candle stick patterns are a very basic form of technical Analysis and i call it a scam. Anyone who starts learning technical analysis or anyone who is teaching they start from candlestick patterns. Doji is a buy Inverted hammer/shooting star is a sell it's all a scam. If trading charts was that easy why 90% of the traders lose money? Look at the chart below. imagine the amount of people may have shorted this coin noticing these hammers/shooting stars. The most recent example is Bitcoin's 3 days before candle. A lot traders started shorting BTC based on that one candle. Do not pay much attention to these patterns. Pay attention to market structure only. As long as the structure is bullish you don't have to shift your bias. One candle isn't enough to decide the trend change . Always Wait for the more data. Keep learning.
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What Coin/token you are most Bullish on ?
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$ENA Pullback from the zone where i said "you should not chase it" Its now at the zone that i mentioned as an Pullback opportunity. The zone can provide a bounce as its an important zone to hold imo. Personally i am not looking to get any new buys so i will just pass it for now.
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