Candlestick
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The Dark Cloud Cover pattern consists of a red candlestick that opens above the close of the previous green candlestick, but then closes below the midpoint of that candlestick. High volume often accompanies this pattern, indicating that momentum may be shifting from bullish to bearish. Traders may wait for a third red bar to confirm the pattern.
The Dark Cloud Cover pattern consists of a red candlestick that opens above the close of the previous green candlestick, but then closes below the midpoint of that candlestick. High volume often accompanies this pattern, indicating that momentum may be shifting from bullish to bearish. Traders may wait for a third red bar to confirm the pattern.
#candlestick #InvertedHammer
An Inverted Hammer is a candlestick pattern that resembles a Hammer, but with a long upper wick instead of a lower wick. Like the Hammer, the upper wick should be at least twice the size of the body.
The Inverted Hammer appears at the bottom of a downtrend and indicates a potential upside reversal. The long upper wick shows that the price has halted its downward movement, despite sellers' efforts to push it down to the opening level.
Therefore, the Inverted Hammer can be a bullish reversal signal, indicating that buyers may soon gain control of the market.
An Inverted Hammer is a candlestick pattern that resembles a Hammer, but with a long upper wick instead of a lower wick. Like the Hammer, the upper wick should be at least twice the size of the body.
The Inverted Hammer appears at the bottom of a downtrend and indicates a potential upside reversal. The long upper wick shows that the price has halted its downward movement, despite sellers' efforts to push it down to the opening level.
Therefore, the Inverted Hammer can be a bullish reversal signal, indicating that buyers may soon gain control of the market.
Chart Analysis 101
Get expert insights into candlestick charts and take your trading skills to the next level.
Here are some observations about the above chart.
Overall Trend:
The overall trend seems to be slightly downward. The price started at a higher level and then gradually declined.
Candlestick Patterns:
There are a few notable candlestick patterns:
Bullish Engulfing Pattern:
Around the middle of the chart, there is a green candlestick that completely engulfs the previous red candlestick. This is a bullish reversal pattern, suggesting a potential change in trend from downward to upward.
Bearish Engulfing Pattern:
Towards the end of the chart, there is a red candlestick that completely engulfs the previous green candlestick. This is a bearish reversal pattern, suggesting a potential change in trend from upward to downward.
Volume:
The volume fluctuates throughout the chart. There are periods of higher volume, which could indicate increased interest or activity in the asset.
RSI:
In the bottom there is a RSI plotted on the chart. It seems to be moving downward, which aligns with the overall downward trend.
Based on these observations, here are a few suggestions:
Wait for confirmation:
The bullish and bearish engulfing patterns are reversal patterns, but it's important to wait for confirmation before making any trading decisions.
Consider the overall market context:
It's important to consider the overall market trend and sentiment before making any trades.
Use stop-loss orders:
If you decide to trade based on this chart, it's crucial to use stop-loss orders to limit your potential losses.
Disclaimer:
It's important to conduct thorough research and consider additional factors before making any investment decisions.
Enjoy this? ♻️ Repost to help your network and follow me for more!
#ChartAnalysis #candlestick_patterns #candlestick
Here are some observations about the above chart.
Overall Trend:
The overall trend seems to be slightly downward. The price started at a higher level and then gradually declined.
Candlestick Patterns:
There are a few notable candlestick patterns:
Bullish Engulfing Pattern:
Around the middle of the chart, there is a green candlestick that completely engulfs the previous red candlestick. This is a bullish reversal pattern, suggesting a potential change in trend from downward to upward.
Bearish Engulfing Pattern:
Towards the end of the chart, there is a red candlestick that completely engulfs the previous green candlestick. This is a bearish reversal pattern, suggesting a potential change in trend from upward to downward.
Volume:
The volume fluctuates throughout the chart. There are periods of higher volume, which could indicate increased interest or activity in the asset.
RSI:
In the bottom there is a RSI plotted on the chart. It seems to be moving downward, which aligns with the overall downward trend.
Based on these observations, here are a few suggestions:
Wait for confirmation:
The bullish and bearish engulfing patterns are reversal patterns, but it's important to wait for confirmation before making any trading decisions.
Consider the overall market context:
It's important to consider the overall market trend and sentiment before making any trades.
Use stop-loss orders:
If you decide to trade based on this chart, it's crucial to use stop-loss orders to limit your potential losses.
Disclaimer:
It's important to conduct thorough research and consider additional factors before making any investment decisions.
Enjoy this? ♻️ Repost to help your network and follow me for more!
#ChartAnalysis #candlestick_patterns #candlestick
A Guide to Candlestick Patterns
Learn to interpret key price action signals and anticipate potential market direction.
#candlestick #candlestick_patterns
#candlestick #candlestick_patterns
Candlestick Patterns
Candlestick patterns are the language of price action, helping traders anticipate market trends. Whether you're new to trading or a seasoned pro, understanding these patterns can give you an edge. Here’s a quick rundown:
Reversal Patterns
Bullish Engulfing: Signals a potential uptrend; a larger green candle engulfs a smaller red one.Bearish Engulfing: Indicates a possible downtrend; a larger red candle overtakes a smaller green one.Hammer: A small body with a long lower wick, often found at the bottom of a downtrend.Shooting Star: A small body with a long upper wick, signaling a reversal after an uptrend.
Continuation Patterns
Doji: Neutral indecision; can lead to trend continuation or reversal.Rising Three Methods: Three small bearish candles sandwiched between two larger bullish candles.Falling Three Methods: Three small bullish candles between two larger bearish ones.
Indecision Patterns
Spinning Top: Small body with long wicks, signaling market indecision.Dragonfly Doji: Bullish indecision; looks like a "T".Gravestone Doji: Bearish indecision; looks like an inverted "T".
Candlestick patterns are most powerful when combined with other indicators like volume and trendlines.
Which pattern do you rely on the most? Or are you ready to add a new one to your trading toolkit?
#candlestick_patterns #LearnTogether #candlestick
Reversal Patterns
Bullish Engulfing: Signals a potential uptrend; a larger green candle engulfs a smaller red one.Bearish Engulfing: Indicates a possible downtrend; a larger red candle overtakes a smaller green one.Hammer: A small body with a long lower wick, often found at the bottom of a downtrend.Shooting Star: A small body with a long upper wick, signaling a reversal after an uptrend.
Continuation Patterns
Doji: Neutral indecision; can lead to trend continuation or reversal.Rising Three Methods: Three small bearish candles sandwiched between two larger bullish candles.Falling Three Methods: Three small bullish candles between two larger bearish ones.
Indecision Patterns
Spinning Top: Small body with long wicks, signaling market indecision.Dragonfly Doji: Bullish indecision; looks like a "T".Gravestone Doji: Bearish indecision; looks like an inverted "T".
Candlestick patterns are most powerful when combined with other indicators like volume and trendlines.
Which pattern do you rely on the most? Or are you ready to add a new one to your trading toolkit?
#candlestick_patterns #LearnTogether #candlestick
Great #candlestick
Golden Success for Beginners: 10 Most Powerful Reversal Patterns to Boost Your Earnings
$SOL
$BTC
As a beginner in the crypto market, understanding key reversal patterns can help you spot potential opportunities and minimize losses. Reversal patterns signal the potential change in market direction and can be extremely powerful tools for boosting your earnings. Here are the 10 most powerful reversal patterns every new trader should know!
1. Head and Shoulders
The head and shoulders pattern is one of the most reliable indicators of a trend reversal. It signals that an uptrend is about to end, and the market will likely move downward.
Bullish Reversal: Inverted Head and Shoulders.
Bearish Reversal: Head and Shoulders.
2. Double Top and Double Bottom
These are classic reversal patterns that occur after a strong trend. A double top suggests a trend reversal from bullish to bearish, while a double bottom signals a reversal from bearish to bullish.
Double Top: Market hits a high, retraces, and hits the same high again before dropping.
Double Bottom: The market hits a low, rises, and then drops to the same low before reversing upward.
3. Cup and Handle
A bullish continuation pattern, but it can also indicate a reversal in a strong downtrend. The market forms a "cup" shape, followed by a "handle," signaling a potential rise in price.
4. Inverse Cup and Handle
The inverse version of the cup and handle pattern indicates that the price could reverse from a downtrend to an uptrend. After forming a "cup" shape and a "handle," the price is likely to move higher.
5. Falling Wedge
A falling wedge pattern indicates that a downtrend is slowing down and could soon reverse upward. As the price moves within the narrowing wedge, it shows that sellers are losing strength, and buyers might take control.
6. Rising Wedge
The rising wedge pattern typically occurs during an uptrend and signals an impending reversal to the downside. The price action forms higher highs and higher lows, but the pattern eventually breaks down, suggesting a trend reversal.
7. Engulfing Candles
An engulfing candle pattern occurs when a small candle is followed by a larger candle that completely engulfs the previous one. This pattern indicates strong buying or selling pressure and can signal the end of a trend.
Bullish Engulfing: Indicates a reversal from bearish to bullish.
Bearish Engulfing: Signals a reversal from bullish to bearish.
8. Morning Star and Evening Star
These candlestick patterns often signal a reversal at the bottom or top of a trend. The morning star is a bullish pattern that forms at the end of a downtrend, while the evening star is a bearish pattern that signals the end of an uptrend.
9. Doji Candlestick
A doji candle indicates indecision in the market, where the opening and closing prices are almost identical. After a trend, a doji can signal a reversal, depending on the following candle’s action.
10. Triple Top and Triple Bottom
Similar to double top/bottom, the triple top/bottom pattern signals that the market is struggling to move higher or lower, and a reversal is likely to occur after the third attempt to break the price level.
Triple Top: Indicates a reversal from bullish to bearish.
Triple Bottom: Indicates a reversal from bearish to bullish.
#USStateBuysBTC #BinanceAlphaAlert #Binance250Million #freerewards #PATTERN
Conclusion:
Mastering reversal patterns can significantly improve your trading strategy. Whether you are looking to capitalize on bullish or bearish reversals, these patterns provide valuable insights into potential market movements. Always combine these patterns with other indicators and sound risk management to maximize your success!
$BTC
As a beginner in the crypto market, understanding key reversal patterns can help you spot potential opportunities and minimize losses. Reversal patterns signal the potential change in market direction and can be extremely powerful tools for boosting your earnings. Here are the 10 most powerful reversal patterns every new trader should know!
1. Head and Shoulders
The head and shoulders pattern is one of the most reliable indicators of a trend reversal. It signals that an uptrend is about to end, and the market will likely move downward.
Bullish Reversal: Inverted Head and Shoulders.
Bearish Reversal: Head and Shoulders.
2. Double Top and Double Bottom
These are classic reversal patterns that occur after a strong trend. A double top suggests a trend reversal from bullish to bearish, while a double bottom signals a reversal from bearish to bullish.
Double Top: Market hits a high, retraces, and hits the same high again before dropping.
Double Bottom: The market hits a low, rises, and then drops to the same low before reversing upward.
3. Cup and Handle
A bullish continuation pattern, but it can also indicate a reversal in a strong downtrend. The market forms a "cup" shape, followed by a "handle," signaling a potential rise in price.
4. Inverse Cup and Handle
The inverse version of the cup and handle pattern indicates that the price could reverse from a downtrend to an uptrend. After forming a "cup" shape and a "handle," the price is likely to move higher.
5. Falling Wedge
A falling wedge pattern indicates that a downtrend is slowing down and could soon reverse upward. As the price moves within the narrowing wedge, it shows that sellers are losing strength, and buyers might take control.
6. Rising Wedge
The rising wedge pattern typically occurs during an uptrend and signals an impending reversal to the downside. The price action forms higher highs and higher lows, but the pattern eventually breaks down, suggesting a trend reversal.
7. Engulfing Candles
An engulfing candle pattern occurs when a small candle is followed by a larger candle that completely engulfs the previous one. This pattern indicates strong buying or selling pressure and can signal the end of a trend.
Bullish Engulfing: Indicates a reversal from bearish to bullish.
Bearish Engulfing: Signals a reversal from bullish to bearish.
8. Morning Star and Evening Star
These candlestick patterns often signal a reversal at the bottom or top of a trend. The morning star is a bullish pattern that forms at the end of a downtrend, while the evening star is a bearish pattern that signals the end of an uptrend.
9. Doji Candlestick
A doji candle indicates indecision in the market, where the opening and closing prices are almost identical. After a trend, a doji can signal a reversal, depending on the following candle’s action.
10. Triple Top and Triple Bottom
Similar to double top/bottom, the triple top/bottom pattern signals that the market is struggling to move higher or lower, and a reversal is likely to occur after the third attempt to break the price level.
Triple Top: Indicates a reversal from bullish to bearish.
Triple Bottom: Indicates a reversal from bearish to bullish.
#USStateBuysBTC #BinanceAlphaAlert #Binance250Million #freerewards #PATTERN
Conclusion:
Mastering reversal patterns can significantly improve your trading strategy. Whether you are looking to capitalize on bullish or bearish reversals, these patterns provide valuable insights into potential market movements. Always combine these patterns with other indicators and sound risk management to maximize your success!
The Whispering Candles: Uncovering Hidden Messages in Binance Trading Graphs
What are Candlestick Patterns?
#Candlestick patterns are graphical representations of price movements over a specific period. Each candlestick consists of four main components:
1. Body: The main part of the candle, which represents the price range between the opening and closing prices.
2. Wick: The thin lines extending from the top and bottom of the body, indicating the highest and lowest prices reached during the period.
3. Open: The starting price of the period.
4. Close: The ending price of the period.
Deciphering the Messages
Now, let's explore what the little candles on Binance trading graphs might be telling us:
#Bullish Engulfing Pattern: A large green candle engulfing a smaller red candle can indicate a potential reversal in the market trend. The candles are saying, "Buyers are taking control!"
Bearish Engulfing Pattern: Conversely, a large red candle engulfing a smaller green candle can signal a potential downturn. The candles are warning, "Sellers are gaining strength!"
Hammer Pattern: A small body with a long lower wick can indicate a potential bottoming out of the market. The candles are saying, "Buyers are trying to regain control!"
Shooting Star Pattern: A small body with a long upper wick can signal a potential top. The candles are warning, "Sellers are preparing to take over!"
Conclusion
The little candles on Binance trading graphs hold secrets and stories that can aid traders and investors in making informed decisions. By deciphering the messages hidden within these candlestick patterns, market participants can gain a deeper understanding of market trends and sentiment. Remember, the candles are whispering – are you listening?
#BitcoinInSwissReserves #BTC94KShowdown #BinanceAlphaAlert
What are Candlestick Patterns?
#Candlestick patterns are graphical representations of price movements over a specific period. Each candlestick consists of four main components:
1. Body: The main part of the candle, which represents the price range between the opening and closing prices.
2. Wick: The thin lines extending from the top and bottom of the body, indicating the highest and lowest prices reached during the period.
3. Open: The starting price of the period.
4. Close: The ending price of the period.
Deciphering the Messages
Now, let's explore what the little candles on Binance trading graphs might be telling us:
#Bullish Engulfing Pattern: A large green candle engulfing a smaller red candle can indicate a potential reversal in the market trend. The candles are saying, "Buyers are taking control!"
Bearish Engulfing Pattern: Conversely, a large red candle engulfing a smaller green candle can signal a potential downturn. The candles are warning, "Sellers are gaining strength!"
Hammer Pattern: A small body with a long lower wick can indicate a potential bottoming out of the market. The candles are saying, "Buyers are trying to regain control!"
Shooting Star Pattern: A small body with a long upper wick can signal a potential top. The candles are warning, "Sellers are preparing to take over!"
Conclusion
The little candles on Binance trading graphs hold secrets and stories that can aid traders and investors in making informed decisions. By deciphering the messages hidden within these candlestick patterns, market participants can gain a deeper understanding of market trends and sentiment. Remember, the candles are whispering – are you listening?
#BitcoinInSwissReserves #BTC94KShowdown #BinanceAlphaAlert
How to Turn 💲10 into 💲500 on Binance in Just 3 Days: A Beginner’s Guide to High-Stakes Success😊
Turning $10 into $500 in just three days on Binance or any other trading platform is extremely challenging and involves a high degree of risk. It's important to understand that such rapid returns often come with the possibility of significant losses. Here's a beginner's guide to understanding high-risk trading strategies, though I strongly advise caution:
1. Understand Cryptocurrency and the Market
Learn Basics: Study cryptocurrency, market trends, and how Binance works. Familiarize yourself with features such as spot trading, futures, margin trading, and staking.Volatility: Cryptocurrencies are highly volatile, and small price changes can result in large gains or losses. Be prepared for market fluctuations.
2. Start with Spot Trading (Low Risk)
Choosing Pairs: Start by trading smaller altcoins or high-liquidity pairs like BTC/USDT, ETH/USDT. These markets typically have more price movement, but less risk than futures or margin.Limit Orders: Use limit orders instead of market orders to get better entry and exit prices.Technical Analysis: Use charts to study price patterns. Look for signals such as support, resistance, RSI, MACD, etc., to inform your decisions.
3. Consider Margin Trading (High Risk)
Leverage: Binance offers margin trading with leverage, which means you can control a larger position with your $10. However, this can lead to substantial losses if the market moves against you.Use Low Leverage: If you do decide to use margin, use low leverage (2x-3x) to minimize risk. Larger leverage increases the likelihood of liquidation.
4. Explore Futures Trading (Very High Risk)
Futures Contracts: Binance Futures allows you to bet on the price direction of assets with much higher leverage (up to 125x). However, this is very risky, and without careful risk management, it can lead to losing your entire investment quickly.Risk Management: Always use stop-loss orders to limit potential losses. Don’t go all-in with your $10 on high-leverage futures.
5. Day Trading with Short-Term Strategies
Scalping: Scalping involves making small profits on very short-term price movements, often executing multiple trades within a day. It requires quick decision-making and a deep understanding of price action.News Trading: Cryptocurrency markets are highly responsive to news. Monitor news events (such as announcements of regulations, partnerships, or technological advancements) and use them to anticipate price movements.
6. Staking and Earning Passive Income (Low Risk)
Staking: You can stake cryptocurrencies like USDT or BNB on Binance to earn passive income. However, staking is more of a long-term strategy and may not provide the high returns you’re looking for in 3 days.
7. Use Technical Indicators
Learn how to use RSI, MACD, Bollinger Bands, moving averages, etc., to help predict when to buy or sell. These indicators can help guide entry and exit points.
8. Set Realistic Expectations
Risk vs Reward: To turn $10 into $500 in three days, you would need to generate a return of 4900%, which is highly unlikely and involves huge risks. Aim for more modest returns to build your skills first.Avoid FOMO: Fear of missing out can lead to reckless decisions. Stick to your plan and never invest more than you can afford to lose.
9. Practice on Binance Testnet
Binance offers a testnet where you can practice trading with virtual funds. Use this to familiarize yourself with different types of trades before risking real money.
Conclusion
Turning $10 into $500 in three days on Binance is highly speculative and involves significant risk. If you are new to crypto, it’s better to start small, learn, and build up over time. Always use risk management strategies, and never invest more than you can afford to lose. Consider consulting with experienced traders or professionals to improve your strategies.
#BtcNewHolder
#candlestick
#TradingSignals
#tradingtechnique
#CryptoNewss
$MKR
$MINA
$BONK
1. Understand Cryptocurrency and the Market
Learn Basics: Study cryptocurrency, market trends, and how Binance works. Familiarize yourself with features such as spot trading, futures, margin trading, and staking.Volatility: Cryptocurrencies are highly volatile, and small price changes can result in large gains or losses. Be prepared for market fluctuations.
2. Start with Spot Trading (Low Risk)
Choosing Pairs: Start by trading smaller altcoins or high-liquidity pairs like BTC/USDT, ETH/USDT. These markets typically have more price movement, but less risk than futures or margin.Limit Orders: Use limit orders instead of market orders to get better entry and exit prices.Technical Analysis: Use charts to study price patterns. Look for signals such as support, resistance, RSI, MACD, etc., to inform your decisions.
3. Consider Margin Trading (High Risk)
Leverage: Binance offers margin trading with leverage, which means you can control a larger position with your $10. However, this can lead to substantial losses if the market moves against you.Use Low Leverage: If you do decide to use margin, use low leverage (2x-3x) to minimize risk. Larger leverage increases the likelihood of liquidation.
4. Explore Futures Trading (Very High Risk)
Futures Contracts: Binance Futures allows you to bet on the price direction of assets with much higher leverage (up to 125x). However, this is very risky, and without careful risk management, it can lead to losing your entire investment quickly.Risk Management: Always use stop-loss orders to limit potential losses. Don’t go all-in with your $10 on high-leverage futures.
5. Day Trading with Short-Term Strategies
Scalping: Scalping involves making small profits on very short-term price movements, often executing multiple trades within a day. It requires quick decision-making and a deep understanding of price action.News Trading: Cryptocurrency markets are highly responsive to news. Monitor news events (such as announcements of regulations, partnerships, or technological advancements) and use them to anticipate price movements.
6. Staking and Earning Passive Income (Low Risk)
Staking: You can stake cryptocurrencies like USDT or BNB on Binance to earn passive income. However, staking is more of a long-term strategy and may not provide the high returns you’re looking for in 3 days.
7. Use Technical Indicators
Learn how to use RSI, MACD, Bollinger Bands, moving averages, etc., to help predict when to buy or sell. These indicators can help guide entry and exit points.
8. Set Realistic Expectations
Risk vs Reward: To turn $10 into $500 in three days, you would need to generate a return of 4900%, which is highly unlikely and involves huge risks. Aim for more modest returns to build your skills first.Avoid FOMO: Fear of missing out can lead to reckless decisions. Stick to your plan and never invest more than you can afford to lose.
9. Practice on Binance Testnet
Binance offers a testnet where you can practice trading with virtual funds. Use this to familiarize yourself with different types of trades before risking real money.
Conclusion
Turning $10 into $500 in three days on Binance is highly speculative and involves significant risk. If you are new to crypto, it’s better to start small, learn, and build up over time. Always use risk management strategies, and never invest more than you can afford to lose. Consider consulting with experienced traders or professionals to improve your strategies.
#BtcNewHolder
#candlestick
#TradingSignals
#tradingtechnique
#CryptoNewss
$MKR
$MINA
$BONK
Hunter_Of_The_Red_Rose:
thanks
Does that mean somthing ?
Well it is a 15 minutes candlestick.
Which side would bitcoin go for ?
$BTC
#candlestick
#pennant
Well it is a 15 minutes candlestick.
Which side would bitcoin go for ?
$BTC
#candlestick
#pennant
Munehisa Homma and the Birth of Candlestick Charts
In the bustling rice markets of 18th-century Japan, Munehisa Homma rose to prominence as one of the most successful traders of his time. His innovative approach to analyzing market movements not only made him a legend in his own era but also laid the foundation for modern technical analysis. Homma’s most enduring contribution, the candlestick chart, remains an indispensable tool for traders worldwide. But to truly understand his legacy, one must delve into the rice markets of Tokugawa Japan and the principles that guided his success, known as the Sakata Rules.
During Homma’s time, rice was far more than a dietary staple; it was the backbone of Japan’s economy, functioning as both currency and a measure of wealth. The Dojima Rice Exchange in Osaka, widely regarded as the world’s first organized futures market, was the epicenter of this trade. Homma, who hailed from a prosperous merchant family in Sakata, not only thrived in this high-pressure environment but fundamentally changed the way traders understood market behavior. His insight was simple yet revolutionary: market prices were driven not only by supply and demand but also by the emotions of the people participating in the market.
To capture this dynamic, Homma devised the candlestick chart, a method of visually representing price movements that went beyond mere numbers. Each candlestick encapsulated four key data points: the opening price, closing price, highest price, and lowest price within a given period. The “body” of the candlestick represented the range between the opening and closing prices, while the thin lines, or “shadows,” indicated the extremes of the trading range. This simple yet elegant format revealed not only the direction of price movements but also the strength of market sentiment—whether bullish or bearish. Homma’s charts were more than a way to record past movements; they became tools for predicting future trends, grounded in patterns that reflected the psychology of the market.
Central to Homma’s success was a set of principles that came to be known as the Sakata Rules, named after his hometown. These rules, a precursor to many modern trading strategies, provided a framework for identifying trends, understanding market cycles, and making informed decisions. The Sakata Rules emphasize five core principles, often referred to as patterns or strategies:
1. San-Zen (Three Mountains): This pattern identifies a potential reversal in the market. It is the precursor to what modern traders recognize as a triple top or triple bottom, signaling that the market may be ready to change direction.
2. San-Sen (Three Rivers): This principle focuses on understanding key price levels where the market may find support or resistance. It highlights the importance of observing how prices behave around these critical zones.
3. San-Pei (Three Lines): This rule outlines the behavior of trends, particularly their persistence over multiple periods. It suggests that trends often continue for three distinct phases before a correction or reversal occurs.
4. San-Ku (Three Gaps): This pattern warns of exhaustion in a trend. After three successive gaps in price, the market may lose momentum and reverse direction, making it a crucial signal for traders to consider.
5. San-Po (Three Methods): This strategy focuses on continuation patterns within a trend, helping traders identify moments when a temporary pause or consolidation is likely to lead to further movement in the same direction.
These principles, though developed in the context of rice trading, transcend time and asset classes. They are built on the timeless observation that markets are driven by cycles and patterns that reflect human behavior—fear, greed, and the eternal tug-of-war between buyers and sellers. Homma’s mastery of these cycles allowed him to dominate the rice markets, amassing immense wealth and influence.
Homma’s strategies were not just theoretical; they were proven through practice. His success was so extraordinary that his influence extended beyond Osaka’s rice exchange, shaping the broader economic landscape of Edo-period Japan. He documented his methods in writings that have been studied by traders ever since, blending his technical expertise with insights into market psychology.
Today, candlestick charts and the Sakata Rules are integral to the toolkit of traders worldwide, used not only in traditional markets but also in the fast-evolving world of cryptocurrencies and digital assets. Despite the advent of complex algorithms and data-driven models, Homma’s work remains relevant because it taps into something fundamental: the human nature that underpins all market activity.
Munehisa Homma’s legacy is not just about charts or rules; it is a story of observation, innovation, and the ability to find order in chaos. In every candlestick drawn today, there is a trace of his genius—a reminder that the markets are as much about understanding people as they are about understanding prices. The Sakata Rules stand as a timeless guide, teaching us that while the tools of trading may change, the patterns of human behavior remain constant.
#candlestick
During Homma’s time, rice was far more than a dietary staple; it was the backbone of Japan’s economy, functioning as both currency and a measure of wealth. The Dojima Rice Exchange in Osaka, widely regarded as the world’s first organized futures market, was the epicenter of this trade. Homma, who hailed from a prosperous merchant family in Sakata, not only thrived in this high-pressure environment but fundamentally changed the way traders understood market behavior. His insight was simple yet revolutionary: market prices were driven not only by supply and demand but also by the emotions of the people participating in the market.
To capture this dynamic, Homma devised the candlestick chart, a method of visually representing price movements that went beyond mere numbers. Each candlestick encapsulated four key data points: the opening price, closing price, highest price, and lowest price within a given period. The “body” of the candlestick represented the range between the opening and closing prices, while the thin lines, or “shadows,” indicated the extremes of the trading range. This simple yet elegant format revealed not only the direction of price movements but also the strength of market sentiment—whether bullish or bearish. Homma’s charts were more than a way to record past movements; they became tools for predicting future trends, grounded in patterns that reflected the psychology of the market.
Central to Homma’s success was a set of principles that came to be known as the Sakata Rules, named after his hometown. These rules, a precursor to many modern trading strategies, provided a framework for identifying trends, understanding market cycles, and making informed decisions. The Sakata Rules emphasize five core principles, often referred to as patterns or strategies:
1. San-Zen (Three Mountains): This pattern identifies a potential reversal in the market. It is the precursor to what modern traders recognize as a triple top or triple bottom, signaling that the market may be ready to change direction.
2. San-Sen (Three Rivers): This principle focuses on understanding key price levels where the market may find support or resistance. It highlights the importance of observing how prices behave around these critical zones.
3. San-Pei (Three Lines): This rule outlines the behavior of trends, particularly their persistence over multiple periods. It suggests that trends often continue for three distinct phases before a correction or reversal occurs.
4. San-Ku (Three Gaps): This pattern warns of exhaustion in a trend. After three successive gaps in price, the market may lose momentum and reverse direction, making it a crucial signal for traders to consider.
5. San-Po (Three Methods): This strategy focuses on continuation patterns within a trend, helping traders identify moments when a temporary pause or consolidation is likely to lead to further movement in the same direction.
These principles, though developed in the context of rice trading, transcend time and asset classes. They are built on the timeless observation that markets are driven by cycles and patterns that reflect human behavior—fear, greed, and the eternal tug-of-war between buyers and sellers. Homma’s mastery of these cycles allowed him to dominate the rice markets, amassing immense wealth and influence.
Homma’s strategies were not just theoretical; they were proven through practice. His success was so extraordinary that his influence extended beyond Osaka’s rice exchange, shaping the broader economic landscape of Edo-period Japan. He documented his methods in writings that have been studied by traders ever since, blending his technical expertise with insights into market psychology.
Today, candlestick charts and the Sakata Rules are integral to the toolkit of traders worldwide, used not only in traditional markets but also in the fast-evolving world of cryptocurrencies and digital assets. Despite the advent of complex algorithms and data-driven models, Homma’s work remains relevant because it taps into something fundamental: the human nature that underpins all market activity.
Munehisa Homma’s legacy is not just about charts or rules; it is a story of observation, innovation, and the ability to find order in chaos. In every candlestick drawn today, there is a trace of his genius—a reminder that the markets are as much about understanding people as they are about understanding prices. The Sakata Rules stand as a timeless guide, teaching us that while the tools of trading may change, the patterns of human behavior remain constant.
#candlestick
Lesson 1 📝
Similarly to when I'm ordering food, these candlesticks are indecisive.
Here's what they represent.
Don't forget to follow to get new some information
#BTC #candlestick #Write2Earn #Write2Eam
Similarly to when I'm ordering food, these candlesticks are indecisive.
Here's what they represent.
Don't forget to follow to get new some information
#BTC #candlestick #Write2Earn #Write2Eam
See original
🔥How to quickly remember candlestick patterns thanks to understanding the essence 🔥
The Japanese candlestick pattern comes from the father of rice trader Munehisa Homma. And his special tip at the beginning was "After 3 days of selling, collect the goods". He calculated the fibonacci at the 68% mark, which means that in 4 sessions, 3 sessions were ~75%, the possibility of a reversal is very high and reputable with Day frame because you always try 1h 4h, how can you make sure the volume doesn't change suddenly and destroy the structure!
_________
Back to topic: Ideas for Munehisa Homma to start?
+ I'm not sure how MH saves and remembers data, maybe he can't backtest deeper than elliott but certainly the flexibility and sense of market reversal cannot be changed. Because a businessman can remember and keep very few books to facilitate the fastest trading. For example, you sell rice but have never had software and only have a rough piece of paper and a pen? Then you will focus on handling debt - how to have debt! But that number is almost overloaded, so the Heikin Ashi candlestick chart is what he uses to quickly solve that overload problem.
__________
On what basis are candlestick patterns formed?
+ Surely you all think about the structure of a candle body. Yes, but the starting point for every candlestick pattern is the RELATIONSHIP between sessions from the opening price, closing price and candlestick wicks. Because the article is limited, I will not analyze a few cases. But the easiest is the "Morning star doji" model, I will analyze both buying and selling lines, not which side prevails.
🏄 The selling line is drying up and there is a heavy sideway signal (doji). Currently, it is still recommended to continue selling due to the larger number of previous selling supporters. Although a green candlestick appeared after that, holding the price by more than 50%, the candlestick dropped sharply in the first session and made the sellers confused, but it did not push past the opening price of the first session, so it is still not possible to buy right away, but buy when it is just. Touch the part that opens session 1. Or you can use the "order stop" command.
__________
Maybe you guys will have many perspectives and like to counter like me ^^ but you still have to consider 3 things: price, time, vol and the correlation between them!😼
#ryasnosh #candlestick #counter
The Japanese candlestick pattern comes from the father of rice trader Munehisa Homma. And his special tip at the beginning was "After 3 days of selling, collect the goods". He calculated the fibonacci at the 68% mark, which means that in 4 sessions, 3 sessions were ~75%, the possibility of a reversal is very high and reputable with Day frame because you always try 1h 4h, how can you make sure the volume doesn't change suddenly and destroy the structure!
_________
Back to topic: Ideas for Munehisa Homma to start?
+ I'm not sure how MH saves and remembers data, maybe he can't backtest deeper than elliott but certainly the flexibility and sense of market reversal cannot be changed. Because a businessman can remember and keep very few books to facilitate the fastest trading. For example, you sell rice but have never had software and only have a rough piece of paper and a pen? Then you will focus on handling debt - how to have debt! But that number is almost overloaded, so the Heikin Ashi candlestick chart is what he uses to quickly solve that overload problem.
__________
On what basis are candlestick patterns formed?
+ Surely you all think about the structure of a candle body. Yes, but the starting point for every candlestick pattern is the RELATIONSHIP between sessions from the opening price, closing price and candlestick wicks. Because the article is limited, I will not analyze a few cases. But the easiest is the "Morning star doji" model, I will analyze both buying and selling lines, not which side prevails.
🏄 The selling line is drying up and there is a heavy sideway signal (doji). Currently, it is still recommended to continue selling due to the larger number of previous selling supporters. Although a green candlestick appeared after that, holding the price by more than 50%, the candlestick dropped sharply in the first session and made the sellers confused, but it did not push past the opening price of the first session, so it is still not possible to buy right away, but buy when it is just. Touch the part that opens session 1. Or you can use the "order stop" command.
__________
Maybe you guys will have many perspectives and like to counter like me ^^ but you still have to consider 3 things: price, time, vol and the correlation between them!😼
#ryasnosh #candlestick #counter
📍TRADING TIP OF THE DAY #1 📍
Evening Star Candlestick
#candlestick #TradingTipOfTheDay #BinanceSquareFamily
Evening Star Candlestick
#candlestick #TradingTipOfTheDay #BinanceSquareFamily
See original
🔥Do you pay attention to $HIGH , increasing strongly even though the market is falling🔥
❎ Previously, I was long high but most of the time my bias was short at the weekly resistance like the photo. And the thing that makes me regret the most is being too confident in myself, assessing the overall angle of small volume as having a low possibility and only placing sl but there is something more important than "Structure" and "volume". That is "keeping prices in a competitive zone". Keeping the price will say the same nature as #candlestick . However, keeping the price right in the middle of the range, not the top or bottom, is a different story. I lost a lot of protein by shorting it.
_________
What are the lessons learned?
📝 Even though I didn't back up a new plan, I didn't move the SL. And the most influential thing is that my investment portfolio is quite large and I cannot pay too much attention to $HIGH in detail, just observe the general trend #USDT.D and #total3 #total to manage the portfolio and continue to research other potential tokens without spending time managing it. Good management of old investment portfolio.
📝 Besides, careful viewing in up to 3 time frames 4h, 1d and 1w with at least 5-10 minutes for each frame will likely have a better positive dca rate than new research bets!
________
Although there is not too much capital left. However, I agreed to stop for a while to readjust my living habits as well as my trading habits to help my psychology and better observation in checking and planning.
________
Hopefully my lessons can also help people be somewhat better in trading. Thank!
#REVIEWDAUTU
❎ Previously, I was long high but most of the time my bias was short at the weekly resistance like the photo. And the thing that makes me regret the most is being too confident in myself, assessing the overall angle of small volume as having a low possibility and only placing sl but there is something more important than "Structure" and "volume". That is "keeping prices in a competitive zone". Keeping the price will say the same nature as #candlestick . However, keeping the price right in the middle of the range, not the top or bottom, is a different story. I lost a lot of protein by shorting it.
_________
What are the lessons learned?
📝 Even though I didn't back up a new plan, I didn't move the SL. And the most influential thing is that my investment portfolio is quite large and I cannot pay too much attention to $HIGH in detail, just observe the general trend #USDT.D and #total3 #total to manage the portfolio and continue to research other potential tokens without spending time managing it. Good management of old investment portfolio.
📝 Besides, careful viewing in up to 3 time frames 4h, 1d and 1w with at least 5-10 minutes for each frame will likely have a better positive dca rate than new research bets!
________
Although there is not too much capital left. However, I agreed to stop for a while to readjust my living habits as well as my trading habits to help my psychology and better observation in checking and planning.
________
Hopefully my lessons can also help people be somewhat better in trading. Thank!
#REVIEWDAUTU
See original
Bitcoin's 'head and shoulders' pattern risks sending price to $80,000 $BTC .
BTC price target heading towards new local low gets warning of $80,000 from veteran trader and analyst Aksel Kibar.
Bitcoin remains at risk of falling to $80,000 in bull market correction, according to the latest prediction from a popular chartist. #candlestick
BTC price target heading towards new local low gets warning of $80,000 from veteran trader and analyst Aksel Kibar.
Bitcoin remains at risk of falling to $80,000 in bull market correction, according to the latest prediction from a popular chartist. #candlestick
Trending Candlestick Chart Patterns: A Guide
Here is a brief article on trending candlestick patterns.
Candlestick charts are a powerful tool for traders, offering insights into market trends and potential price movements. Here are some key trending candlestick chart patterns to watch:
1. Bullish Engulfing Pattern
Image: A small bearish candle followed by a large bullish candle that engulfs the previous candle.
2. Bearish Engulfing Pattern
Image: A small bullish candle followed by a large bearish candle that engulfs the previous candle.
3. Hammer Pattern
Image: A bullish candle with a small body and long lower shadow, indicating a potential bottom.
4. Shooting Star Pattern
Image: A bearish candle with a small body and long upper shadow, indicating a potential top.
5. Golden Cross Pattern
Image: A short-term moving average crosses above a long-term moving average, indicating a bullish trend.
6. Death Cross Pattern
Image: A short-term moving average crosses below a long-term moving average, indicating a bearish trend.
7. Rising Three Methods Pattern
Image: A series of three bullish candles with increasing highs, indicating a strong uptrend.
8. Falling Three Methods Pattern
Image: A series of three bearish candles with decreasing lows, indicating a strong downtrend.
These patterns can help traders identify trends, predict price movements, and make informed trading decisions. Remember to always use candlestick patterns in conjunction with other technical and fundamental analysis tools.
Let me know if you want me to expand on this article!
Follow me
#Binance #candlestick #BinanceSquareFamily #BinanceEverywhere #trendingtopics $BTC $ETH
Candlestick charts are a powerful tool for traders, offering insights into market trends and potential price movements. Here are some key trending candlestick chart patterns to watch:
1. Bullish Engulfing Pattern
Image: A small bearish candle followed by a large bullish candle that engulfs the previous candle.
2. Bearish Engulfing Pattern
Image: A small bullish candle followed by a large bearish candle that engulfs the previous candle.
3. Hammer Pattern
Image: A bullish candle with a small body and long lower shadow, indicating a potential bottom.
4. Shooting Star Pattern
Image: A bearish candle with a small body and long upper shadow, indicating a potential top.
5. Golden Cross Pattern
Image: A short-term moving average crosses above a long-term moving average, indicating a bullish trend.
6. Death Cross Pattern
Image: A short-term moving average crosses below a long-term moving average, indicating a bearish trend.
7. Rising Three Methods Pattern
Image: A series of three bullish candles with increasing highs, indicating a strong uptrend.
8. Falling Three Methods Pattern
Image: A series of three bearish candles with decreasing lows, indicating a strong downtrend.
These patterns can help traders identify trends, predict price movements, and make informed trading decisions. Remember to always use candlestick patterns in conjunction with other technical and fundamental analysis tools.
Let me know if you want me to expand on this article!
Follow me
#Binance #candlestick #BinanceSquareFamily #BinanceEverywhere #trendingtopics $BTC $ETH
🚨🔥🔥KNOW CANDLE 🕯️ STICK🔥🔥🚨🚨
Dear Friend Good Afternoon 🌞
If you Trade Future & Spot in @Binance You must know the #candlestick cheat sheet pattern to understand the market Price movement, this cannot be 100% sure in trading but 95% also you can win, It’s win win situation if you understand the patterns in #Trading 🔥🔥🎯🚀🚀🚀
So start understanding this candles 🕯️ stick pattern for surely.🔥🔥🎯🎯🚀🚀🚀🚀
Please share comment & hit 👍🏻 button 🔥🎯🚀
#Memecoins #BinanceLaunchpool #BullorBear
Dear Friend Good Afternoon 🌞
If you Trade Future & Spot in @Binance You must know the #candlestick cheat sheet pattern to understand the market Price movement, this cannot be 100% sure in trading but 95% also you can win, It’s win win situation if you understand the patterns in #Trading 🔥🔥🎯🚀🚀🚀
So start understanding this candles 🕯️ stick pattern for surely.🔥🔥🎯🎯🚀🚀🚀🚀
Please share comment & hit 👍🏻 button 🔥🎯🚀
#Memecoins #BinanceLaunchpool #BullorBear
See original
🔥Piercing Pattern is one of the short-term trend reversal candlestick patterns 🔥
✅ In a downtrend and preferably in the support zone, this model has a higher probability of being correct. Because the sellers have withdrawn from the market, the volume has decreased and the volume is low but the price increase comes from the buying volume.
🤫 Tip: Pay attention to the upper and lower whiskers. If the upper beard is shorter than the lower, it means that when the session closes, the sellers have accepted the results and the buyers are not immediately overconfident, but they still crave tokens and buy. back at low prices.
♨️The probability is higher if the green candle body keeps the price from 38%-68% from the red candle's closing price.
_________
#candlestick #piercing_pattern #Ryasnosh #buydip #EarnFreeCrypto2024
✅ In a downtrend and preferably in the support zone, this model has a higher probability of being correct. Because the sellers have withdrawn from the market, the volume has decreased and the volume is low but the price increase comes from the buying volume.
🤫 Tip: Pay attention to the upper and lower whiskers. If the upper beard is shorter than the lower, it means that when the session closes, the sellers have accepted the results and the buyers are not immediately overconfident, but they still crave tokens and buy. back at low prices.
♨️The probability is higher if the green candle body keeps the price from 38%-68% from the red candle's closing price.
_________
#candlestick #piercing_pattern #Ryasnosh #buydip #EarnFreeCrypto2024
🔥Currently, shorting is preferred, but you can still go long for 2-4 hours with atlcoin (preferably meme $SHIB 🔥
👉 Currently, if $BTC closes the 4 o'clock candlestick, it is green and if it is more than 67600, it creates a piercing candlestick pattern.
👉 In addition, you can see that the selling volume is gradually increasing, but the long side jumped in and the upper wick is almost much smaller than the lower wick (showing that in the short term, you should still bias long for 2-4 hours, you can increase the profit taking point depending on following developments)
👊 The 2 PLANs I have drawn on the picture are for short-term scalping
___________
#Ryasnosh #binance #EarnFreeCrypto2024 #btc #scalping
👉 Currently, if $BTC closes the 4 o'clock candlestick, it is green and if it is more than 67600, it creates a piercing candlestick pattern.
👉 In addition, you can see that the selling volume is gradually increasing, but the long side jumped in and the upper wick is almost much smaller than the lower wick (showing that in the short term, you should still bias long for 2-4 hours, you can increase the profit taking point depending on following developments)
👊 The 2 PLANs I have drawn on the picture are for short-term scalping
___________
#Ryasnosh #binance #EarnFreeCrypto2024 #btc #scalping
How to Turn 💲10 into 💲500 on Binance in Just 3 Days: A Beginner’s Guide to High-Stakes Success.
Turning $10 into $500 on Binance (or any trading platform) in a short time, such as 3 days, is extremely risky and not guaranteed. It requires leveraging high-risk strategies that could result in losing your entire investment. If you’re determined to try, here’s a guide with important warnings:
Step 1: Understand the Risks
Volatility: Crypto markets are unpredictable and can change rapidly.Loss Potential: The higher the reward potential, the higher the risk of losing everything.No Guarantees: Success depends on market conditions, timing, and skill.
Step 2: Prepare
Open a Binance Account: Ensure your account is verified and funded with $10.Learn the Platform: Familiarize yourself with Binance’s trading tools (spot trading, futures, etc.).Research: Stay updated on market trends, news, and technical analysis.
Step 3: High-Risk Strategies
1. Leveraged Futures Trading
How It Works: Use borrowed funds to amplify gains (or losses).Approach:Trade cryptocurrencies with high volatility, such as Bitcoin or Ethereum.Use technical analysis (e.g., support/resistance, moving averages).Start with low leverage (5x-10x) and increase only if confident.Example: A 10x leverage trade with a 10% market movement could yield a 100% profit.
2. Altcoin Spot Trading
How It Works: Buy low and sell high on small-cap, high-volatility altcoins.Approach:Identify coins with upcoming news/events (e.g., listings or upgrades).Use tools like Binance Launchpad or CoinMarketCap for research.Avoid holding overnight; stick to short-term trades.
3. Participate in Launchpads and Promotions
How It Works: Invest in new tokens on Binance Launchpad for early price gains.Approach:Research new token offerings.Invest your $10 strategically during the launch phase.
Step 4: Risk Management
Set a Stop-Loss: Avoid losing your entire balance on a single trade.Take Profits: Lock in gains as your portfolio grows.Diversify: Don’t put all your funds into one trade.
Step 5: Execute and Adapt
Monitor trades constantly.Adapt your strategy to market conditions.Avoid emotional decisions.
Warnings
Potential Loss: High-risk strategies can easily lead to a total loss of funds.Market Conditions: Crypto markets can be irrational and influenced by external factors.
While it’s technically possible to achieve such gains, the odds are against you. Consider starting with a long-term investment strategy if you’re not ready for the risks of high-stakes trading.
$AAVE
$BONK
$BNB
#BtcNewHolder #candlestick #TradingSignals #tradingtechnique #CryptoNewss
Step 1: Understand the Risks
Volatility: Crypto markets are unpredictable and can change rapidly.Loss Potential: The higher the reward potential, the higher the risk of losing everything.No Guarantees: Success depends on market conditions, timing, and skill.
Step 2: Prepare
Open a Binance Account: Ensure your account is verified and funded with $10.Learn the Platform: Familiarize yourself with Binance’s trading tools (spot trading, futures, etc.).Research: Stay updated on market trends, news, and technical analysis.
Step 3: High-Risk Strategies
1. Leveraged Futures Trading
How It Works: Use borrowed funds to amplify gains (or losses).Approach:Trade cryptocurrencies with high volatility, such as Bitcoin or Ethereum.Use technical analysis (e.g., support/resistance, moving averages).Start with low leverage (5x-10x) and increase only if confident.Example: A 10x leverage trade with a 10% market movement could yield a 100% profit.
2. Altcoin Spot Trading
How It Works: Buy low and sell high on small-cap, high-volatility altcoins.Approach:Identify coins with upcoming news/events (e.g., listings or upgrades).Use tools like Binance Launchpad or CoinMarketCap for research.Avoid holding overnight; stick to short-term trades.
3. Participate in Launchpads and Promotions
How It Works: Invest in new tokens on Binance Launchpad for early price gains.Approach:Research new token offerings.Invest your $10 strategically during the launch phase.
Step 4: Risk Management
Set a Stop-Loss: Avoid losing your entire balance on a single trade.Take Profits: Lock in gains as your portfolio grows.Diversify: Don’t put all your funds into one trade.
Step 5: Execute and Adapt
Monitor trades constantly.Adapt your strategy to market conditions.Avoid emotional decisions.
Warnings
Potential Loss: High-risk strategies can easily lead to a total loss of funds.Market Conditions: Crypto markets can be irrational and influenced by external factors.
While it’s technically possible to achieve such gains, the odds are against you. Consider starting with a long-term investment strategy if you’re not ready for the risks of high-stakes trading.
$AAVE
$BONK
$BNB
#BtcNewHolder #candlestick #TradingSignals #tradingtechnique #CryptoNewss