$BTC

There are many Japanese candlesticks that indicate bullish trends, and these candlesticks are very important in technical analysis for any cryptocurrency, especially in scalping. Here are the most famous bullish candlestick patterns:

1. Hammer:

Shape: A small body at the top with a long shadow at the bottom.

Meaning: Strong selling pressure but buyers regained control.

Often appears at bottoms.

2. Inverted Hammer:

Shape: A small body at the bottom with a long shadow at the top.

Meaning: An attempt to rise after a long decline.

If a green candle follows, it is a strong signal for upward movement.

3. Bullish Engulfing:

Two candles: the first is a small red candle, the second is a long green candle that engulfs the first.

Indicates a change in direction from bearish to bullish.

4. Morning Star:

Three candles: the first is a strong red candle, the second is small (Doji or similar), the third is a long green candle.

A very strong signal for a reversal towards bullishness.

5. Three White Soldiers:

Three consecutive long green candles.

Each candle closes higher than the previous one.

Indicates strong buying interest.

6. Doji after a downtrend:

If a Doji candle (very small body) appears after a decline, it indicates indecision and a potential reversal.