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Title: No one spotting this dragonfly doji candlestick? Post by: Bossian on May 03, 2020, 05:13:25 AM Time frame: 1 month
Time frame: 2 months Did anyone see it? https://www.investopedia.com/terms/d/dragonfly-doji.asp One of the most noticeable gravestone doji was spotted in June 2019 which indicated imminent downtrend, that turned out to be very accurate. Now regarding this dragonfly doji the wisest traders will wait for a confirmation, would be cool if May could close out above 9.2k. Important to note that Bitcoin will still be bearish if we can't break above 10.5k. https://i.ibb.co/NFpnCdC/2020-05-03-0708.png Best of luck! Title: Re: No one spotting this dragonfly doji candlestick? Post by: wiss19 on May 03, 2020, 06:04:36 AM One of the most noticeable gravestone doji was spotted in June 2019 which indicated imminent downtrend, that turned out to be very accurate. Do you have any screenshot proof for the appearance of dragonfly doji by June 2019? Please add that to support your speculation.I am not seeing dragonfly doji in the same chart by June 2019 for same time frame. Title: Re: No one spotting this dragonfly doji candlestick? Post by: Bossian on May 03, 2020, 09:54:25 AM One of the most noticeable gravestone doji was spotted in June 2019 which indicated imminent downtrend, that turned out to be very accurate. Do you have any screenshot proof for the appearance of dragonfly doji by June 2019? Please add that to support your speculation.I am not seeing dragonfly doji in the same chart by June 2019 for same time frame. The post you just quoted says exactly that ;) Anyway both dragonfly and gravestone usually turns out to be good signals for profitable trading, but the last dragonfly doji I see needs to be confirmed by the next candle, I wouldn't recommend to buy right now. Title: Re: No one spotting this dragonfly doji candlestick? Post by: bitgolden on May 03, 2020, 04:55:51 PM Anyway both dragonfly and gravestone usually turns out to be good signals for profitable trading, but the last dragonfly doji I see needs to be confirmed by the next candle, I wouldn't recommend to buy right now. You might be rushing toward make your predictions. I have seen lots of times that candle sticks go void like a trend reversal appear and suddenly another pattern indicates the just opposite one. Like you mentioned, you must wait for the confirmation by the next pattern because as of now market seems gaining strength for another stronger rally toward $12k levels by end of this May month. Because halving is due on this month. Hence there are very less chances for market to remain bearish.More importantly, China and New Zealand announced about their triumph over the pandemic. Many other countries are loosening the lockdown restrictions which may lead to restore of economy and bitcoin may keep attracting investors which may add more support toward another rally. |
