Three white soldiers

The three white soldiers pattern occurs over three days. It consists of consecutive long green (or white) candles with small wicks, which open and close progressively higher than the previous day.

It is a very strong bullish signal that occurs after a downtrend, and shows a steady advance of buying pressure.

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Big boost in Number of New Entities last week. Broke through a pretty rough downtrend. The last time it happened in last September and we see upward movement in BTC. We might see the same now. Don’t forget about stop loss as market is volatile.

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Morning star

The morning star #candlestick pattern is considered a sign of hope in a bleak market downtrend. It is a three-stick pattern: one short-bodied candle between a long red and a long green. Traditionally, the ‘star’ will have no overlap with the longer bodies, as the market gaps both on open and close.

It signals that the selling pressure of the first day is subsiding, and a bull market is on the horizon.

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Which coin are we buying now 💸

Bullish engulfing

The bullish engulfing pattern is formed of two #candlesticks. The first candle is a short red body that is completely engulfed by a larger green candle.

Though the second day opens lower than the first, the bullish market pushes the price up, culminating in an obvious win for buyers.

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THE DOS IN CRYPTO TRADING

1 Diversify
2 Risk management
3 Check BTC movement
4 Determine your strategy
5 Follow crypto currency pricing not the hype!

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7 TIPS FOR CRYPTO CURRENCY TRADING

1 Have a motive for entering each trade
2 Set profit targets and make use of stoploss
3 Welcome to FOMO
4 Manage your risks
5 Underlying assets create volatile market conditions
6 Don't buy simply because the price is low
7 Diversify!

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THE DO NOT'S IN CRYPTO TRADING
1 Trading without a plan
2 Trading without a stoploss and stop profit
3 Choosing cryptos you haven't researched
4 Being impulsive- buying the hype

Hope this helps 🌝

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