Doji
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#Basiccandlestick _patterns
#Doji
Doji occur when a market’s opening and closing price for the period is roughly (or exactly) the same. Whatever the price action within the period, by the end the buyers and sellers will have cancelled each other out.
To spot a doji, look for a candlestick with a very thin body: usually less than 5% of the total range in that period.
You can then look at the wick to determine what type of doji it is:
If there is a log wick above the body, it's a gravestone dojiIf the wick extends beneath the body, it’s a dragonflyIf the wick is long on both sides, it's a long-legged dojiIf there is no wick at all, it's a four-price doji
A doji on its own doesn't necessarily tell you much. But when taken in context, they can be useful.
Say, for example, that you spot a gravestone forming during an uptrend. The tall upper wick indicates that the bull run may have continued at the outset, but the thin body means that sellers took over before the session's end. A reversal could be on the cards.
#Doji
Doji occur when a market’s opening and closing price for the period is roughly (or exactly) the same. Whatever the price action within the period, by the end the buyers and sellers will have cancelled each other out.
To spot a doji, look for a candlestick with a very thin body: usually less than 5% of the total range in that period.
You can then look at the wick to determine what type of doji it is:
If there is a log wick above the body, it's a gravestone dojiIf the wick extends beneath the body, it’s a dragonflyIf the wick is long on both sides, it's a long-legged dojiIf there is no wick at all, it's a four-price doji
A doji on its own doesn't necessarily tell you much. But when taken in context, they can be useful.
Say, for example, that you spot a gravestone forming during an uptrend. The tall upper wick indicates that the bull run may have continued at the outset, but the thin body means that sellers took over before the session's end. A reversal could be on the cards.
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#btc
#bitcoin
#candle
#doji
🔹The rise that started from 52,500 saw a peak of 64,700 today. The daily bottom-top difference increased to $ 2,200 and a long-legged doji was formed.
🔹Although it needs to be confirmed with the next candle, doji candles are interpreted as a trend change warning.
🔹Looking at today's candle, it can also be said that rising prices have paused and buyer dominance has come to an end.
🔹Still, tomorrow's candle needs to be seen to determine the winner of the fight.
#bitcoin
#candle
#doji
🔹The rise that started from 52,500 saw a peak of 64,700 today. The daily bottom-top difference increased to $ 2,200 and a long-legged doji was formed.
🔹Although it needs to be confirmed with the next candle, doji candles are interpreted as a trend change warning.
🔹Looking at today's candle, it can also be said that rising prices have paused and buyer dominance has come to an end.
🔹Still, tomorrow's candle needs to be seen to determine the winner of the fight.
doji candle 100% working💯🚴
#doji #MarketPullback
$BTC $ETH $XRP
Brother, you must put a stop loss on all trades, otherwise profit will be less and loss will be more, always keep this in mind while trading#
#doji #MarketPullback
$BTC $ETH $XRP
Brother, you must put a stop loss on all trades, otherwise profit will be less and loss will be more, always keep this in mind while trading#
The best candle stick pattern says By Chat Gpt🫠🥶🥶
There isn't a single "best" candlestick pattern for analysis in crypto trading, as different patterns can provide valuable insights depending on the market conditions and timeframe you're analyzing. Some commonly used candlestick patterns in crypto trading include:Bullish Engulfing: Indicates a potential reversal from a downtrend to an uptrend.Bearish Engulfing: Suggests a potential reversal from an uptrend to a downtrend.Hammer: A bullish reversal pattern that can signal the end of a downtrend.Shooting Star: A bearish reversal pattern that can indicate the end of an uptrend.Doji: Signals indecision in the market and can indicate a potential reversal or continuation depending on its position in the trend.It's essential to use candlestick patterns in conjunction with other technical analysis tools and indicators to make informed trading decisions. Additionally, understanding the context of the market and the broader trend is crucial for effective analysis.#chatgpt #analysis #worldwideanalysis #doji #shootingstar
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