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Candlestick Chart !!
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Crypto Insiders
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Decoding Candlestick Patterns for Crypto Trading - Practical Guide
Trading cryptocurrencies within a single day involves buying and selling assets without leaving any open positions at the end of the trading session. Traders aim to profit by purchasing cryptocurrencies at lower prices and selling them at higher rates, or by short-selling when prices are high and repurchasing at lower levels during the same day. This approach requires a solid understanding of market dynamics and the ability to analyze relevant information to make informed decisions, as cryptocurrency prices are influenced by various factors, including supply and demand.
One valuable tool for traders is candlestick chart patterns, which help visualize price movements and trends. In the following sections, we will discuss how to interpret these candlestick charts effectively.
What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:
As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow
Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:
How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.
Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.
Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.
Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.
Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.
Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.
Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.
Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.
Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.
Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.
Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.
Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.
Happy trades and successful investments!💪👊
@Crypto Insiders
#candles #BTC #guide #BinanceTurns7 $BTC
$SXP
$BNB
One valuable tool for traders is candlestick chart patterns, which help visualize price movements and trends. In the following sections, we will discuss how to interpret these candlestick charts effectively.
What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:
As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow
Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:
How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.
Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.
Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.
Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.
Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.
Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.
Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.
Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.
Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.
Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.
Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.
Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.
Happy trades and successful investments!💪👊
@Crypto Insiders
#candles #BTC #guide #BinanceTurns7 $BTC
$SXP
$BNB
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Bitcoin could fall further in the short term!!
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para las Ratasss
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CryptoCriss77
--
Bullish
🛡 PROTECTING THE HAMSTER 🛡
👿 We've banned over 2.3 million cheaters - enough to fill the entire city of Rome!
🏴☠️ Wondering how we discovered them? Well, here's an example: one person connected over 400 accounts to a single Binance address, while another invited almost 2000 "friends", all of whom were flagged by our anti-cheat system.
🤖 We've been analyzing user behavior for months before TGE. We've seen accounts logging in at the same time every day and tapping the exact same pixel.
📈 We've taken 6.8 billion tokens from these cheaters. 50% has been distributed to honest players, the other 50% will be burned.
🐹 Cheaters do not belong in our community. They automate their sales through software to gain an advantage over regular players. We care about our players and market participants, especially long-term holders, and we want to protect them.
#AirdropGuide #hamsterkombat #Binance #binancesuquare #CryptoCriss77
$BTC $ETH $BNB
👿 We've banned over 2.3 million cheaters - enough to fill the entire city of Rome!
🏴☠️ Wondering how we discovered them? Well, here's an example: one person connected over 400 accounts to a single Binance address, while another invited almost 2000 "friends", all of whom were flagged by our anti-cheat system.
🤖 We've been analyzing user behavior for months before TGE. We've seen accounts logging in at the same time every day and tapping the exact same pixel.
📈 We've taken 6.8 billion tokens from these cheaters. 50% has been distributed to honest players, the other 50% will be burned.
🐹 Cheaters do not belong in our community. They automate their sales through software to gain an advantage over regular players. We care about our players and market participants, especially long-term holders, and we want to protect them.
#AirdropGuide #hamsterkombat #Binance #binancesuquare #CryptoCriss77
$BTC $ETH $BNB
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Detail of the Hamste Kombat Airdrop project from the LaunchPool!!
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CryptoCriss77
--
Bullish
Hamster Kombat Takes Season 1 Snapshot, Reveals Post-Airdrop Direction
Amid widespread complaints from users who suffered token slashing for being labeled as cheaters, Hamster Kombat has announced that it has taken a snapshot for its Season 1. With this move, the project has now closed the upcoming token distribution, revealing the game's future steps after the token generation event.
Hamster Kombat Closes Season 1, Divulges Future of Game After Airdrop
Hamster Kombat, the Telegram-based clicker game that has reached over 300 million active users, has finally taken the snapshot that will serve as the basis for the token distribution and the token generation event (TGE) scheduled for September 26.
Hamster Kombat labeled all pre-airdrop activity as Season 1. The team divulged on social media that a new phase, called the interlude, had begun. “The Interlude Season is the warm-up before Season 2, and it will last for a couple of weeks.” Although Hamster Kombat did not elaborate on the upcoming season, it did explain that those who participate in this interlude will receive a perk that “will be useful” for the upcoming season.
The upcoming Hamster Kombat airdrop is expected to be one of the largest events of its kind in history, distributing HMSTR to millions of users using TON as the rails for this. Even Telegram founder Pavel Durov touched on this in July, explaining that the game would introduce the benefits of blockchain to hundreds of millions of people, serving as the first point of contact with this technology for many.
What do you think about the release of a new Hamster Kombat season? Tell us in the comments section below.
#HAMSTR #hamsterkombat #hamsterkombat24 #CryptoCriss77 $BTC $BNB $ETH
Amid widespread complaints from users who suffered token slashing for being labeled as cheaters, Hamster Kombat has announced that it has taken a snapshot for its Season 1. With this move, the project has now closed the upcoming token distribution, revealing the game's future steps after the token generation event.
Hamster Kombat Closes Season 1, Divulges Future of Game After Airdrop
Hamster Kombat, the Telegram-based clicker game that has reached over 300 million active users, has finally taken the snapshot that will serve as the basis for the token distribution and the token generation event (TGE) scheduled for September 26.
Hamster Kombat labeled all pre-airdrop activity as Season 1. The team divulged on social media that a new phase, called the interlude, had begun. “The Interlude Season is the warm-up before Season 2, and it will last for a couple of weeks.” Although Hamster Kombat did not elaborate on the upcoming season, it did explain that those who participate in this interlude will receive a perk that “will be useful” for the upcoming season.
The upcoming Hamster Kombat airdrop is expected to be one of the largest events of its kind in history, distributing HMSTR to millions of users using TON as the rails for this. Even Telegram founder Pavel Durov touched on this in July, explaining that the game would introduce the benefits of blockchain to hundreds of millions of people, serving as the first point of contact with this technology for many.
What do you think about the release of a new Hamster Kombat season? Tell us in the comments section below.
#HAMSTR #hamsterkombat #hamsterkombat24 #CryptoCriss77 $BTC $BNB $ETH
be Careful With Your Withdrawal, check ✅ 2 times o more if it's the right address to your wallet !!
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Mister Sailer
--
Bullish
Binance has discovered malware that changes cryptocurrency withdrawal addresses
The malware is called Clipper and intercepts data from the clipboard.
When a user copies and pastes a wallet address for a transfer, the malware replaces the original address with the one specified by the attacker. If the user completes the transfer without noticing the change, the cryptocurrency is sent to the attacker's wallet.
The spike in activity for this issue was recorded on August 27, 2024.
Binance urged people to be careful with installed plugins and apps, especially on Android and computers, and to be careful with iOS. #binance
The malware is called Clipper and intercepts data from the clipboard.
When a user copies and pastes a wallet address for a transfer, the malware replaces the original address with the one specified by the attacker. If the user completes the transfer without noticing the change, the cryptocurrency is sent to the attacker's wallet.
The spike in activity for this issue was recorded on August 27, 2024.
Binance urged people to be careful with installed plugins and apps, especially on Android and computers, and to be careful with iOS. #binance
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dappOS_com
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Join us for Square Audio Live with Isabella, our co-founder, and Taylor, Head of Community at #dappOS
🗓 Date: Sept 13, 2024
⏰ Time: 10:00 AM UTC
🎉 $750 in Giveaways!
➡️ Don't miss out! Join on Binance Square Official.
https://app.binance.com/uni-qr/cspa/13439846143090
🗓 Date: Sept 13, 2024
⏰ Time: 10:00 AM UTC
🎉 $750 in Giveaways!
➡️ Don't miss out! Join on Binance Square Official.
https://app.binance.com/uni-qr/cspa/13439846143090
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Politicians Meme !!
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Mister Sailer
--
Political meme tokens have become a real trend in 2024 - after the debates, all tokens associated with Donald Trump collapsed, and the few meme tokens of Kamala Harris gave a good profit.
It is worth noting that the capitalization of political meme tokens is currently about $500,000,000, and the daily trading volume is $200,000,000.
It is worth noting that the capitalization of political meme tokens is currently about $500,000,000, and the daily trading volume is $200,000,000.
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Candle Patterns for Technical Analysis !!
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Crypto Insiders
--
Want to know how understand Candles? Read this article - Practical Guide
Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Hence, intraday traders try to either purchase a cryptocurrency at a low price and sell it higher or short-sell a cryptocurrency at a high price and buy it lower within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply among other factors.
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.
What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:
As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow
Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:
How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.
Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.
Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.
Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.
Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.
Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.
Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.
Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.
Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.
Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.
Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.
Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.
Happy trades and successful investments!💪👊
@Crypto Insiders
#candles #BTC $BTC
$ETH
$BNB
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.
What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:
As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow
Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:
How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.
Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.
Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.
Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.
Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.
Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.
Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.
Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.
Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.
Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.
Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.
Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.
Happy trades and successful investments!💪👊
@Crypto Insiders
#candles #BTC $BTC
$ETH
$BNB
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Patience Pays!!
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Mister Sailer
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Top Blockchains by Number of Transactions
1. Solana — 1.1 billion
2. Aptos — 578 million
3. Tron — 225 million
It was unexpected to see Aptos in the top. The project seems to have gone off the rails and is on autopilot, but it’s hard to tell based on activity. Are you doing anything in the Aptos network?
1. Solana — 1.1 billion
2. Aptos — 578 million
3. Tron — 225 million
It was unexpected to see Aptos in the top. The project seems to have gone off the rails and is on autopilot, but it’s hard to tell based on activity. Are you doing anything in the Aptos network?