You are viewing a single comment's thread from:

RE: Bitcoin How To Identify The Trend & When To Go Long

in #bitcoin6 years ago

While patterns can be valuable, it isn't encouraged to utilize them as the main factor in any passage choice. Regardless of whether costs contact the lower drift line of an uptrend and getting tied up with bitcoin appears to bode well, dependably search for more affirmation from different pointers (eg: other help and obstruction key levels, volume investigation, value activity designs) that this pattern wouldn't break and losing you cash.

Sort:  

@real-info for the most part you are correct. What needs to be understood is that patterns provide historical relevance on when the swings will occur. Manipulators trigger swings and that is where the patterns come into play...its not always a time-line swing but a pattern swing that needs to be watched and taken advantage.