📊 3 Advanced Candlestick Patterns Every Crypto Trader Must Know
Hello crypto community! 👋
This time I want to share about 3 advanced candlestick patterns that often appear on charts and can help us read market movements more accurately. Let’s dive in until the end!
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1️⃣ Three Soldiers & Three Crows
📈 Three White Soldiers are 3 consecutive green candles with long bodies and small shadows. This is a strong bullish reversal signal.
📉 Three Black Crows are the opposite, 3 consecutive red candles—indicating a bearish reversal.
🔍 Tips: Make sure this pattern appears after a downtrend (for soldiers) or an uptrend (for crows), and volume increases.
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2️⃣ Evening Star & Morning Star
🌟 Evening Star is a bearish reversal formation:
Long bullish candle
Doji/spinning top
Long bearish candle
🔥 Morning Star is the opposite and a strong signal for a price rebound.
🔍 Tips: This pattern is more valid if it appears in resistance/support areas and is supported by other indicators (MACD, RSI).
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3️⃣ Abandoned Baby
⚠️ A rare but powerful pattern!
Occurs when there is a gap between candle 1 and the doji in the middle, then another gap to the 3rd candle.
📉 Abandoned Baby Bearish: up → doji (gap) → down
📈 Abandoned Baby Bullish: down → doji (gap) → up
🔍 Tips: Often appears when the market is overreacting (major news). Confirmation is very important!
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✍️ Conclusion
Candlestick patterns are tools, not certain predictions. Combine them with technical indicators and good risk management. Don’t just enter trades because a pattern appears 🔍📉📈
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🗨️ What about you? Have you ever used these patterns while trading? Share your experiences in the comments!
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