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? There are those who 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 analyzes?
As far as price action of Bitcoin is concerned there is no specific candlestick pattern just like the bullish pin bar you mentioned that would signal the start of the bullish trend before halving of Bitcoin, many investors had already capitalized on the price of Bitcoin as at November last year when it was around $15K+ and bought low as well as accumulate thus there isn't any need for them to wait for any candlestick pattern that would trigger the next bull run, meanwhile candlestick patterns is use mainly by day traders or swing traders for trading at a specific period of time or day they made an entry after the candlestick indicate a specific pattern and exit the trade after making some profits.