Hi,
I’m just wondering what are the best indicators / candlestick patterns / charting TA to look for when a support bounce occurs after a significant dip.
I was in short positions on both Sunday and Monday during the big BTC correction and obviously there were points where they were significantly in profit. However, I held on too long and closed after the bounce. I still took profit but feel I could’ve “taken the meat of the trade” a lot better.
What do you guys look for? I guessing this is perhaps best done using the 1m (or similar short timeframe) and looking for a big green bottom wick with large incoming volume or something?
Thanks
Might be connected to forex but they are all just the same because patterns can really be seen when you do make out chartings thats why having some knowledge about TA's
when it comes to reversals or possible trend change then you do have at least the idea.
Here's what it is called:
Double Top
Double Bottom
Head and Shoulders
Inverse Head and Shoulders
Rising Wedge
Falling WedgeSourceTake note and remember is that Cryptocurrency market can fuck up these TA's that you would make.So always take precaution towards your position.