Piercing Line candlestick Pattern
The piercing line is also a two-stick pattern, consisting of a long red candle,followed by a long green candle.
There is usually a large gap between the closing price of the first candlestick and the opening of the green candlestick.This indicates strong buying pressure as the price is pushed up to or above the previous day ' s average price.
Beginner Tip
Let's know about Bitcoin
Simply put, Bitcoin is another currency like rupees, dollars, pounds, and euros. Like other currencies, the value of BitCoin is determined by supply and demand. Satoshi Nakamoto first introduced Bitcoin in 2008.
So, Bitcoin is commonly referred to as BTC, henceforth, we will continue with the short name BTC.
The difference is that we have no chance to see this BTC in any practical way. That means we can deal with other money through a computer system just like the money in Credit/Debit cards. Money has no owner. The value is determined by the ninety members used. If you want to convert this BTC into our currency, you need to use a BTC exchange machine.
Today, one BTC is worth about 50,000 dollars, which is more than 10,000,000 in rupees. Around 2010, a BTC was worth around $0.05, which is 5 rupees at a time. I can get 200 BTC for 1000 rupees. How to take today's BTC 200 value as an average value, it can be shown as below
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In order to invest properly in the Cryptocurrency Market and get good income, it is important to have a good understanding of the Coin we are buying. So we bring you this article which explains all the details about Cryptocurrency Coin.
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