I use the dumbest method to speculate in cryptocurrencies, summarize and learn these candles, then you will never face losses✅👇

1. 🛠️ Bullish Hammer

- A candle with a small body and a long lower shadow.

- Appears at the bottom of a downtrend.

- Indicates that sellers pushed the price down, but buyers regained control.

- Needs to be confirmed with a green candle after it.

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2. 🔄 Inverted Hammer

- Similar to a hammer, but with a long upper shadow instead of a lower shadow.

- Shows that buyers are trying to push prices up after a downtrend.

- Needs to be confirmed with the next bullish candle.

3. 🐂 Bullish Engulfing

- A small red candle is followed by a large green candle that completely engulfs the previous one.

- Indicates strong buyer momentum.

- More reliable if it appears after a strong downtrend.

4. 🌟 Morning Star

- A three-candle pattern:

1️⃣ A long red candle.

2️⃣ A candle with a small body (red or green) shows market hesitation.

3️⃣ A strong green candle confirms a reversal.

- Indicates a shift from bearish to bullish sentiment.

5. ⚡ Piercing Lines

- A two-candle pattern where:

1️⃣ The first candle is a strong red body.

2️⃣ The second green candle opens lower but closes more than half of the first red candle.

- Shows buying power and a potential reversal.

6. 🎖️ Three White Soldiers

- Three consecutive long green candles with small shadows.

- Each candle opens within the body of the previous one and closes higher.

- A strong bullish reversal pattern.

📌 How to use these patterns?

- Always confirm with volume, support levels and additional indicators like RSI or moving averages.

- The stronger the confirmation (e.g. long white candle, increasing volume), the more reliable the reversal.

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