#BTCHashratePeak Single Candle Patterns (One Only)

1. Doji Candle

Description: Opening price ≈ Closing price

Indication: Market indecision, neither buyers nor sellers have control.

2. Hammer Candle

Shape: Small body at the top and long lower shadow

Indication: Potential bullish reversal after a decline.

3. Inverted Hammer Candle

Shape: Small body at the bottom and long upper shadow

Indication: Also a potential bullish reversal.

4. Hanging Man Candle

Looks like a hammer but comes after an uptrend

Indication: Potential bearish reversal.

5. Engulfing Candle

Bullish Engulfing: A bullish candle completely covering a previous bearish candle → Bullish signal

Bearish Engulfing: A bearish candle completely covering a previous bullish candle → Bearish signal