Are you into crypto trading? ๐
Then you must know how candlestick patterns can give you early signals โ before big moves happen.
Today, letโs talk about a powerful bullish pattern:
๐ฅ Bullish Engulfing
๐ข What is a Bullish Engulfing Pattern?
A Bullish Engulfing is a two-candle pattern that signals a potential reversal from bearish to bullish.
โ The first candle: Small & bearish (red)
โ The second candle: Big & bullish (green), engulfs the previous one
โก๏ธ It usually appears after a downtrend
โก๏ธ Traders see it as a buying opportunity
โก๏ธ Works best with high volume confirmation
๐ Example Scenario:
Imagine BTC has been falling for 3 days.
Then suddenly โ a big green candle completely covers yesterdayโs red one.
๐ Thatโs your Bullish Engulfing Signal!
Many traders enter long positions here.
๐ง Pro Tips:
Use support zones to confirm strength
Combine with RSI or MACD for higher accuracy
Not 100% guaranteed โ always manage risk! ๐จ
๐ ๏ธ Bonus: Where to Spot It?
You can easily spot this on charts using:
๐ฑ Binance App โ Candlestick view
๐ TradingView โ Chart Patterns Indicator
#BullishEngulfing #CryptoTrading #CandlestickPatterns #TechnicalAnalysis #BinanceLearn