NaseehaDec 27, 2021 · 3 years ago8 answersIs the bearish engulfing pattern a reliable indicator for predicting price movements in cryptocurrencies?
Can the bearish engulfing pattern be considered a trustworthy indicator for accurately predicting price movements in the volatile world of cryptocurrencies? How often does this pattern occur in the cryptocurrency market, and is it consistently followed by a significant price drop? Are there any specific cryptocurrencies or timeframes where this pattern has shown a higher level of reliability?
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