How to Predict the Trend in Cryptocurrency Part 4

Hello Friends, in the previous articles we discuss Pin Bar Price Action and Engulfing Price Action. Today we will discuss Railway Track Price Action.
Railway Track Price Action
It has two types.

  1. Bullish Railway Track Price Action
  2. Bearish Railway Track Price Action

Bullish Railway Track Price Action

For Example price is in selling trend, then how we can predict that bitcoin or any other coin trend is over. So when we should buy the crypto currency so that it will not move down further.
Price is falling for last many days, and one day price shows complete bearish candle with low upper and lower wicks but with full body.
Next day market opens and price moves upward with complete bullish candle with low upper and lower wicks but with full body. This is the sign that selling trend is over and now buying trend starts. Candles shapes is shown in the figure.
Bullish Railway Track.jpg

Bearish Railway Track Price Action
For Example price is in buying trend, then how we can predict that Bitcoin or any other coin trend is over. So when we sell or close our trade to get maximum benefit from the crypto currency so that it will not move up further.
Price is increasing for last many days, and one day price shows complete bullish candle with low upper and lower wicks but with full body.
Next day market opens and price moves downward with complete bearsih candle with low upper and lower wicks but with full body. This is the sign that buying trend is over and now selling trend starts. Candles shapes is shown in the figure.

Bearish Railway Track.jpg

Now we had covered all major types of price action patterns. In the next articles we will discuss about Bollinger band. We will discuss that how can we predict the trend using Bollinger band indicator.
IMPORTANT NOTE
Always look for Daily Time Frame for determination of Trend.
Any question or confusion about this article, you all can ask me through comments.

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