What are the best candlestick and pivot point trading triggers for cryptocurrency investors?

1 answers

• Dec 26, 2021 · 3 years ago
  Candlestick and pivot point trading triggers can be quite useful for cryptocurrency investors. One of the best candlestick patterns to look out for is the bullish engulfing pattern. It occurs when a small bearish candle is followed by a larger bullish candle that engulfs the previous candle. This pattern suggests a potential reversal and can be used as a trigger to buy. Another effective candlestick pattern is the hammer pattern, which indicates a potential bullish reversal. As for pivot points, a breakout above or below a pivot level can be a strong trigger. It suggests a continuation of the trend or a potential reversal, depending on the direction of the breakout.
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