SonicDeejay
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The important of Pin bar/the Candle With a Long Wick

OANDA:DE30EUR   Germany 30
The important of Pin bar /the candle with a long wick

If you are wondering, on which candle or bar has the best degree of accuracy, I'd vouch for the pin bar /the candle with a long wick.

Example, If we long pin candle/bar in D1 timeframe, that means, we had a very strong/tough tug of war going on between the bulls and bear forces during the day and someone has come out as a win.
It is the signs of unbalancedness in the market and the traders only made money when the markets have become imbalanced. The longer the pin the stronger, the trend will be.
During the day, if we have a candle with the long wick/tail at the lower level, it shows that bull has come in "at the low" and push up the price up.
See ( Tweezer Bottomings are spotted) in the chart.

So, pay extra attention to a potentially profitable trade whenever a long pinbar appears.



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The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
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Comments

Finally BTCUSD -0.83% took off, and now everybody is saying go long.

But until yesterday, still there were people saying price would go down again and that BTC -0.83% would go to 5k even yesterday.

When I posted: "time do go long on BTC -0.83% to $ 8,500" many haters came to my page and started saying I was wrong and that Bitcoin -0.83% would fall hard from there.

So, when price hit $ 5,800 for the last time, they thought they were right, and that it was falling from there, but here we are, BTCUSD -0.83% jumped to $ 6,622, just today.

When price went down to $ 5,794 it was a normal move, Moving Water even predicted that:

"Usually, prices tries to kill many Stop Loss before the big move in the other direction. So Be Careful during this shaky water before the big wave, you can lose money easily. Price could even touch $5800 again before the Move. Be aware, and Good Luck. "
+1 Reply
@tvpolo, Great sharing, mate.
Reply
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