#BTCPrediction Bullish Candlestick Patterns
Single-Candle Patterns:
1. Hammer:
Appears after a downtrend.
Small body near the top, long lower wick.
Indicates potential reversal as buyers push price back up.
2. Inverted Hammer:
Also appears after a downtrend.
Small body at the bottom with a long upper with
Suggests buying pressure after initial selling.
3. Dragonfly Doji:
Open, high, and close are all near the top of the candle.
Long lower shadow, no (or small) upper shadow.
Strong reversal signal in a downtrend.
4. Bullish Spinning Top:
Small body with wicks on both sides.
Indicates indecision, but found at bottom of a downtrend, may signal reversal.
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Double-Candle Patterns:
1. Bullish Kicker:
First candle is bearish, followed by a bullish candle that opens above the previous close.
Strong signal of momentum reversal.
2. Bullish Engulfing:
Bearish candle followed by a larger bullish candle that completely engulfs it.
Strong reversal pattern.
3. Piercing Line:
First is a bearish candle.
Second is a bullish candle that opens lower but closes above the midpoint of the previous candle.
Indicates buyers are taking control.
4. Bullish Harami:
A small bullish candle contained within a larger bearish candle.
Sign of decreasing selling momentum.
5. Tweezer Bottom:
Two candles with similar lows.
Usually one bearish followed by bullish.
Shows support level and potential reversal.
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Triple (and More) Candle Patterns:
1. Morning Doji Star:
Downtrend -> Doji -> Bullish candle.
Indicates a reversal after indecision.
2. Three White Soldiers:
Three consecutive bullish candles.
Each opens within the previous body and closes higher.
Strong bullish momentum.
3. Bullish Engulfing Sandwich:
Bearish candle between two bullish candles.
Suggests a strong bullish continuation or reversal.
4. Bullish Abandoned Baby:
Downtrend -> Doji with gaps on both sides -> Bullish candle.
Very rare but strong reversal signal.
5. Morning Star:
Large bearish -> small indecisive -> strong bullish.
Shows reversal after weakness in downtrend.
6. Rising Three:
Strong bullish candle -> several small bearish candles within range -> strong bullish candle.
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