How to Predict the Trend in Cryptocurrency Part 2
As we discussed in last article about three major types of trend in crypto currencies. Today we will move forward a little for understanding about trend. Before going into depth you all should know about three following things.
Price Action
Bollinger Band
Relative strength ( RSI )
We only discuss Price Action in today’s article. For Prediction of trend first You should be master of above mentioned three points.
Price Action is the behavior of price at any specified time frame and represented in candles.
There are many price action patterns of candles but I will explain only those price action which are necessary for the determining of trend.Pin Bar Price Action
Engulfing Price Action
Railway Track Price Action
Pin Bar Price Action
a) Buying Pin Bar Price Action
b) Selling Pin Bar Price Action
We will discuss remaining two price action in next post.
IMPORTANT NOTE
Always look for Daily Time Frame for determination of Trend.
Anything which you did not understand you can ask me through comments.
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That was nice piece of information. Thanks for this blog
If u will b in touch with my upcoming posts then hopefully within a month u will be able to pic the future trend of any coin. Only bad news about company of specific coin will disturb your analysis.