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JUST IN: 💰 Binance Founder CZ says he feels 'sorry' for those who sold Bitcoin at $77,000. $BTC
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In the image, the "Confluence Test" asks which candlestick pattern (A, B, or C) acts as a better signal at the support level and trendline confluence. Here’s a brief analysis of each pattern: Pattern A – Bullish Pin Bar (or Hammer) Characteristics: Long lower wick, small body. Interpretation: Strong rejection of lower prices, indicating buying pressure. Strength: Good signal, especially at support, but lacks confirmation. Pattern B – Bullish Engulfing Characteristics: A small red candle followed by a larger green candle that fully engulfs it. Interpretation: Strong bullish reversal signal, especially at support. Strength: Very reliable due to clear shift in momentum. Pattern C – Morning Star Characteristics: A three-candle pattern with a bearish candle, a small-bodied candle (indecision), and a strong bullish candle. Interpretation: Powerful bullish reversal signal, especially near support zones. Strength: High reliability due to three-stage structure and strong confirmation. --- Best Signal: Pattern C Why? Pattern C combines a shift from bearish to bullish sentiment over three candles. It occurs at a strong support and trendline confluence, adding extra weight to the signal. The structure shows clear indecision followed by strong bullish conviction — ideal for trend continuation. Conclusion: Pattern C is the best signal due to its confluence with key support and its strong multi-candle reversal formation. $SOL $ETH $XRP #BTCBreaksATH110K #BinanceAlphaAlert #BinanceHODLerHAEDAL #DinnerWithTrump #MerlinTradingCompetition
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Start Buying And Wait For Big Pump ...💥
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This image illustrates the strength levels of bullish and bearish pin bars, which are key candlestick patterns used in price action trading. Here's a breakdown of what it shows: --- Bullish Pin Bars (Top Row - Green) These indicate potential price reversal to the upside: 1. Strongest: Long lower wick, small body at the top. Strong rejection of lower prices. Strong bullish signal. 2. Stronger: Similar to the strongest but slightly shorter wick. Still a solid bullish indicator. 3. Strong: Even shorter wick, body getting closer to the middle. Indicates bullish potential but less conviction. 4. Indecision: Body centered, wicks on both sides. Signals market uncertainty. --- Bearish Pin Bars (Bottom Row - Red) These indicate potential price reversal to the downside: 1. Strongest: Long upper wick, small body at the bottom. Strong rejection of higher prices. Strong bearish signal. 2. Stronger: Slightly shorter upper wick, but still dominant. Bearish but slightly weaker than the strongest. 3. Strong: Shorter wick, body rising. Less bearish strength. 4. Indecision: Body in the middle, similar wicks above and below. Market undecided on direction. --- Key Takeaway: The longer the wick against the trend and the smaller the body, the stronger the pin bar. Indecision candles often precede a bigger move but don't signal direction on their own. Would you like help applying this to a chart or identifying these patterns in a specific asset? $XRP $SOL $ETH
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$BTC 130k In TWO Months ...💥
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