🅱️ Bitcoin Back To Basics | Candlestick Reading (1, 2)

1 мар. 2023 г.We just looked at Bitcoin focusing on the basics 1,2,3:



(1) A broken downtrend

(2) Accumulation phase

(3) Bullish breakout

Right now let's look at a basic signal based on candlestick reading.

#1 BTCUSDT printed a Dragonfly Doji 13-Feb. this lead to a bullish breakout.


#2 BTCUSDT printed a Dragonfly Doji 25-Feb., this is a bullish signal based on candlestick reading.


Here is how it works.

The low of the Doji is the invalidation point, set at $22,722.

Any trading above $22,722 and BTCUSDT has the potential to move higher.
If the low of the wick is compromised, this signal becomes invalid.

Illustration on the chart.

This is basic candlestick reading.

Namaste.