Bitcoin Cash (ABC) Morning Star (Learning)

Here is the "Morning Star" bullish pattern.

"A morning star candlestick pattern is seen by technical analysts as a bullish sign following a downward trend. The pattern consists of three candles".

I've been watching Bitcoin Cash (BCHZ18) closely on BitMEX, and this pattern came up as price went down. As soon as I saw it, I opened a position which is now in huge profits.

This post is shared for learning purposes. This is no trade advice.

If you found this article useful, please hit LIKE for more.

Thanks a lot for reading.

Namaste.

Comment:

And we move up! Now we have the same pattern building up on a higher time frame... Now you know what it means... :)

Namaste.