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?
An indicator alone should not be used in order to make a prediction about the market, most strategies will make use of several indicators in order to make any conclusion about where the market is headed.
However candle stick patterns are not only a very old way to do this, but they are not really effective, and this is because of the huge amount of subjectivity that comes with them, as a candle could mean one thing but if it is followed or preceded by other candles then the meaning of that candle could be completely different.