Be wary of candle stick patterns.
I was actively trading Akro below 700 sats and then let it rip.
As I mentioned in my previous post, the move was becoming obvious. The reason is simple; in higher timeframes D, W, M the price had begun slicing through the exponential averages.
Now that I have taken profits I am looking to re-accumulate at lower prices.
The odds of this taking place are 10:1 since the price is above all 10 EMAs on my chart.
The Lowest EMA on the chart is my target and where I have set my bids.
After a quick count I am now at 65 Wins and 0 Losses for 2023.
In the past I used candle stick patterns and I never achieved the consistency and confidence that I have now.
Win, share educate