Haaaam for beginners :-
Learn about the type of candlesticks known as the Hammer pattern
A hammer candlestick has a long downward wick, and a small body that is bullish or bearish toward the upside. This type of candlestick usually indicates exhaustion of the asset in the market, meaning a reversal in the next direction. This means the sellers entered the market, which lowered the price, but they are faced with an opponent in the form of buyers who raise the price.
The ideal location for the Hammer candlestick pattern is at the end of a downtrend.
If you want to open a trade based on a hammer candlestick, wait until the candle closes before entering the trade. Once the price breaks above the candle’s high, it’s time to enter.
#BTC走势分析 #btc70k #gaming
Learn about the type of candlesticks known as the Hammer pattern
A hammer candlestick has a long downward wick, and a small body that is bullish or bearish toward the upside. This type of candlestick usually indicates exhaustion of the asset in the market, meaning a reversal in the next direction. This means the sellers entered the market, which lowered the price, but they are faced with an opponent in the form of buyers who raise the price.
The ideal location for the Hammer candlestick pattern is at the end of a downtrend.
If you want to open a trade based on a hammer candlestick, wait until the candle closes before entering the trade. Once the price breaks above the candle’s high, it’s time to enter.
#BTC走势分析 #btc70k #gaming
