Can the bullish pin bar candle pattern be used to predict the bull market?

[Jatiluhung]

Maybe there is no special indicator to confirm this. But perhaps the Bullish market can be seen from the habits that have occurred in the market in the several periods that have occurred. And the market pattern has shown the same pattern every time before and after the halving. I'd rather see that. Because sometimes history always repeats itself. Even though it's not similar. But the pattern is always almost the same. And sometimes bitcoin halving also brings positive sentiment to the market. So the market will move positively and make it bullish. Because after I studied it again, it turned out that technical analysis was also taken based on historical observations and market habits. So even people who are experienced in the market but don't understand the technical aspects can still read where the market is moving. Because even though he is not good at drawing lines, he already understands the market movement patterns in his head. Because he is used to the market itself.

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[traderethereum]

It is very difficult to determine when the market can get its bull run. Those who try to analyze market conditions will not get the right answer.
The market moves every day and we don't know the signs of an impending bull run. But when the price starts to rise rapidly, people tend to say it is a bull run situation and they will prepare their sell orders at their desired target price.
But you can observe market conditions to find out price changes and if nothing is stopping the price movement and it tends to continue increasing without stopping, that may be a sign of a bull run.
But again, we won't know when the bull run will occur. A bull run may come after the halving, which usually happens like that. So we should wait and prepare your bitcoins. If you see the price is able to break the $60k level as the last ATH, it means the bull run has come and will rise higher.

[Mr.right85]

When it comes to predicting the direction of the market, it takes more than a single tool in the market to determine what shape or direction the market would continue for a long term. This can only come to full fledged knowledge after the event have formed and is maintained through weeks.
But before then, you can make inferences based on what is observed to have happened concurrently in the market.
This gives reasons why the pin bar couldn’t really stand as the best signaler for a possible bullrun but, you might have to observe that through serious of uptrends and using tools like the RSI to determine the strength and who is dominant in the market.

[tygeade]

The much of bitcoin bull prediction now is risky even though the price increase is gradually gaining ground but it is better seen after halving. To rely on what is happening with price now to predict an increase will be hasty because anything can nevertheless happen before the eventual bull. To predict the bull however, the bull pin bar candlesticks is more directional especially if spotted in a longtime hour like from 4hrs above.

Since when predictions are risky? I mean they are only easy and free. Unless if you will also team it up with an action. That is the real ones that is risky because a prediction may not be 100 percent guaranteed to happen. But I still believe that when the majority is predicting something, chances are that it could come true, than those predictions who only have less supporters. Price can go on its own.

And won't you liked it if you see a good increase at an early time? I guess you do too since humans can get bored easily. And won't you like it if we will have a double bull run? Or its duration will be extended because we still have the halving? That sounds even greater isn't it?

[jeraldskie11]

Do you have an indicator that you use that you think is useful for accurate predictions in technical analysis? Also, have you come across such a sign in the recent past until today and what are your analyzes?

Bullish pin bar is good at predicting that market will start going upward especially if there is a long wick because this candle indicates that demand is higher than the supply, or huge selling pressure but buyers overcome it. I will confluence it with volume indicator, if there's a huge volume bar and I see a pin bar, this will give me high probability that the price will increase. You can also add as your confluence the divergence. Divergence can also be found in RSI, Volume, and MACD.