4hr Bullish Pattern
Updated
Ark was on a downtrend; however, these last two candles are looking to form a Bullish Engulfing Pattern. (If it doesn't engulf, then it'll at least form a Bullish Piercing Pattern)
Anyways, if you don't know what this means - it means a potential trend reversal.
Waiting for candle to close for confirmation then will look to buy in.
If I make this trade, will look for an exit around 42.5k satoshis.
Thanks for reading!
DISCLAIMER:
I'm relatively new at TA and I appreciate any and all feedback/comments/criticisms! Hope my insight helps someone out there :)
Anyways, if you don't know what this means - it means a potential trend reversal.
Waiting for candle to close for confirmation then will look to buy in.
If I make this trade, will look for an exit around 42.5k satoshis.
Thanks for reading!
DISCLAIMER:
I'm relatively new at TA and I appreciate any and all feedback/comments/criticisms! Hope my insight helps someone out there :)
Note
Well, it did not close in the reversal pattern I was looking for so I will not be buying in.Patience is key. I was thinking about buying early but held myself back. phew
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