As April's Halving event approaches, one wonders even more when the expected increase in BTC's value will take place. Are there any specific candle patterns that you know of that can be used in technical analysis to catch the Bull Run ahead of time? Some argue that candlestick patterns called
bullish pin bars signal a bull market, but I am not so sure about the validity of candlestick patterns in terms of predicting the right outcome.
Do you have an indicator that you use that you think is useful for accurate predictions in technical analysis? Also, have you come across such a sign in the recent past until today and what are your analyses?
When it comes to technical analysis of the market you don't focus on only one factor to make your trading decision or predict what is about to happen in the price of an asset "Bitcoin" Rather you combine a lot of other factors before you can make your final decision.
The bullish pin bar should serve as a signal of what is ahead of you or what is about to occur in the trending market. However, this bullish pin bar can be said to determine direction only if found on a higher time frame such as the weekly or the monthly, to talk about a possible bull market.