Heikin Ashi candles are a great and powerful tool to determine the trend of the market. Their structure is somewhat complicated so let’s keep things simple. Only when Heikin Ashi candles start turning green can we start thinking of safely longing bitcoin. Pay attention to the red Doji stars, they are the first harbingers of a possible trend reversal. Currently all the daily candles in the current run are red. Further downside is thus still very much possible.
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Full post: cryptotradeacademy.com/blog/is-2018-bitcoin-bottom-in/
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.