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TagsWhich candlestick patterns have the highest probability of success in the cryptocurrency market?
Thomasen SlothDec 18, 2021 · 3 years ago1 answersCan you provide insights on the candlestick patterns that are most likely to lead to successful trades in the cryptocurrency market? I am particularly interested in knowing which patterns have the highest probability of success.
1 answers
- According to a study conducted by BYDFi, the candlestick patterns that have shown the highest probability of success in the cryptocurrency market are the bullish engulfing pattern, hammer pattern, morning star pattern, and piercing pattern. These patterns have been observed to accurately predict trend reversals and continuation of trends. However, it's important to note that no pattern is 100% accurate, and it's always advisable to use these patterns in conjunction with other technical analysis tools and indicators for better decision-making in trading.Dec 18, 2021 · 3 years ago
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