Which Candlestick Pattterns Work Best with Bitcoin?
What is the daily closing price of bitcoin? It doesn’t have one. It is actively quoted 24 hours a day, seven days a week.
Most securities have a start and endpoint. Even the euro closes at the weekend, but not bitcoin.
“What is the close of bitcoin?” may sound like an odd question, but it is crucial for candlestick analysis.
How can you have a bitcoin candlestick with no candle close?
Traders have used candlestick charting techniques for literally hundreds of years. We can say they have stood the test of time.
Traders continue to use this ancient technique because it works. (If it did not work for them, they certainly would have stopped preferring to display their daily bars as candles long before now.)
Know the Candlestick Patterns
These patterns work best in bitcoin and, sometimes, better than in other markets.
What other candlestick patterns would you add in this list?🧐
Most securities have a start and endpoint. Even the euro closes at the weekend, but not bitcoin.
“What is the close of bitcoin?” may sound like an odd question, but it is crucial for candlestick analysis.
How can you have a bitcoin candlestick with no candle close?
Traders have used candlestick charting techniques for literally hundreds of years. We can say they have stood the test of time.
Traders continue to use this ancient technique because it works. (If it did not work for them, they certainly would have stopped preferring to display their daily bars as candles long before now.)
Know the Candlestick Patterns
These patterns work best in bitcoin and, sometimes, better than in other markets.
What other candlestick patterns would you add in this list?🧐
