What are some strategies for identifying and trading continuation candlestick patterns in the crypto market?

1 answers

• Dec 17, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, also provides a strategy for identifying and trading continuation candlestick patterns. They recommend using a combination of candlestick patterns, trendlines, and support/resistance levels to confirm the validity of the pattern. Traders can draw trendlines connecting the highs or lows of the candlestick pattern and look for confluence with key support or resistance levels. This helps to filter out false signals and increase the probability of successful trades. Additionally, BYDFi offers educational resources and tools to assist traders in identifying and trading continuation candlestick patterns in the crypto market.
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