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RE: Bitcoin's on the move, STEEM rally continues on rising volume and EOS keeps finding a bid
Nice, i like this, naked chart with support and resistance & chart pattern...
Would be good if candlestick pattern are used also to confirm trend..
Yes looks bullish, if break 4400, then bullish engulfing have been made, then we would see the rally to 5k resistance level...
Lets follow each other to share trade ideas.. thanks
Hi mate, I tend to use candlestick patterns, chart patterns, trend-lines, support and resistance zones and Fibonacci extensions - they are my favourite tools :)
Re: bullish engulfing candle - these have to occur at bottoms or swing lows. A bullish engulfing candle is a bullish reversal candle that occurs at the end of a down trend:
Thanks for the reply.. That is great to hear on the tools that you used... that is my favorites also, with fibo retract on addition.. i use weekly chart to spot trend... and then trade follow the trend on short term..
After 4400 break btc/usd looks bullish to me.. :)
I got you now! You were talking about a bullish engulfing on the weekly - apologies for trying to school you :)
No worries, I was in forex trading for 10 years, and now into crypto trading.. Still have to learn more
More easier to score on crypto trading vs forex trading.. since size of bid/ask is know in the exchanges in crypto as transparent..
Good luck on your trading.. :)