$BTC Important Japanese Candlestick Patterns

1. Hammer Candle

Appears at the end of a downtrend and indicates the possibility of a reversal towards an uptrend.

2. Hanging Man Candle

Similar to the Hammer but appears at the end of an uptrend, which may indicate a reversal towards a downtrend.

3. Doji Candle

Indicates a state of indecision in the market, where the opening and closing prices are very close to each other.

4. Bullish Engulfing Candle

Consists of two candles, where the second bullish candle engulfs the body of the first bearish candle, indicating a potential price rise.

5. Bearish Engulfing Candle

The reverse of the Bullish Engulfing, indicating a potential price drop.

6. Morning Star Pattern

Consists of three candles and indicates a reversal from a downtrend to an uptrend.

7. Evening Star Pattern

The reverse of the Morning Star, indicating a reversal from an uptrend to a downtrend.

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