SWITCH Protocol 51 BCCC
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4, 3 lookest, 2 another, 1 out of planet life.
Who is the most stupid here?
$HOT
$HOT
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It's worth it depending on what your game is.
I received 0.85 $SIGN from binance #HODLerSIGN Airdrop 🤔
After holding 60$ of $BNB ❗
I am going to ask general question as i already declared launchpools a type of scam but here i am going to ask❓
Is this worth holding $BNB for few cents?
After holding 60$ of $BNB ❗
I am going to ask general question as i already declared launchpools a type of scam but here i am going to ask❓
Is this worth holding $BNB for few cents?
3452839
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#BTCRebound it is expected to reach the mark of 100,000 USD by the year 2026. The $BTC shows signs
of recovery after recent declines, with the current price around USD 87,296.66, according to the chart above. On-chain data, such as the increase in buying volume on Binance, suggests growing buying pressure, indicating a possible rebound in the coming days. Despite resistance at USD 86,190, the market indicates that BTC may test higher levels, such as USD 100,000, if it surpasses this barrier. Macroeconomic factors, such as tariffs proposed by Trump and inflation, impact volatility, but the sentiment remains optimistic, with long-term investors confident in Bitcoin's resilience as a hedge against economic uncertainties.
of recovery after recent declines, with the current price around USD 87,296.66, according to the chart above. On-chain data, such as the increase in buying volume on Binance, suggests growing buying pressure, indicating a possible rebound in the coming days. Despite resistance at USD 86,190, the market indicates that BTC may test higher levels, such as USD 100,000, if it surpasses this barrier. Macroeconomic factors, such as tariffs proposed by Trump and inflation, impact volatility, but the sentiment remains optimistic, with long-term investors confident in Bitcoin's resilience as a hedge against economic uncertainties.
USD 100.000 em 2026
20%
USD 100.000 em 2025
80%
10 votes • Voting closed
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5 correct answers give you access to the points distributed at the end of each season of the event. 7 correct answers increase the points received. There are 2 days left until the end of this season "keywords".
I've played this twice and still no rewards are being sent to my account. I don't get any rewards. Is it just me or do others get them too?😞
#BinanceWOTD #WOTDChampion #Binance
#BinanceWOTD #WOTDChampion #Binance
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#SolanaSurge reflects the dynamism of the Solana blockchain, known for its speed and growth in the crypto assets ecosystem (SPL tokens, DeFi, NFTs).
The price of $SOL rose 40% in 10 days (133 on 04/17/2025), and the volume of DEXs grew 67% in 2024. The current market context shows that today, April 18, 2025, the price of SOL is approximately 133.90 USD, with an increase of 6.47% in the last 24 hours and 8.47% in the last week, but still 56.25% below its all-time high of USD 294.85. SOL rose 40% in the last 10 days (from 95 on April 7 to 133 on April 17).
Price Predictions for 2025: Several sources project an increase in the price of SOL in 2025, based on technical analysis and fundamentals:
Changelly: Expected average price of 149.47, with a minimum of 127.62 and a maximum of 169.49 by September 2025. For April, an average of 138.78.
CoinCodex: Prediction of 154.91 in November 2025, with potential to rise to 400 in 2025, according to optimistic analysts.
Coinpedia: Potential to reach 400 in 2025, with a minimum of 250 if the recovery is not sustained.
InvestingHaven: Prediction of a new all-time high (above 295), with prices between 220 and 500, depending on analysts.
CoinPriceForecast: Price of 266 at the end of 2025, with a rise of 36% compared to the current price (196.02 on 04/18).
CoinDCX: Projection of 280 to 370 by December 2025, with peaks in May (300-320).
Overall average: The forecasts suggest an increase of 36% to 200% by the end of 2025, with prices between 150 and 400.
The price of $SOL rose 40% in 10 days (133 on 04/17/2025), and the volume of DEXs grew 67% in 2024. The current market context shows that today, April 18, 2025, the price of SOL is approximately 133.90 USD, with an increase of 6.47% in the last 24 hours and 8.47% in the last week, but still 56.25% below its all-time high of USD 294.85. SOL rose 40% in the last 10 days (from 95 on April 7 to 133 on April 17).
Price Predictions for 2025: Several sources project an increase in the price of SOL in 2025, based on technical analysis and fundamentals:
Changelly: Expected average price of 149.47, with a minimum of 127.62 and a maximum of 169.49 by September 2025. For April, an average of 138.78.
CoinCodex: Prediction of 154.91 in November 2025, with potential to rise to 400 in 2025, according to optimistic analysts.
Coinpedia: Potential to reach 400 in 2025, with a minimum of 250 if the recovery is not sustained.
InvestingHaven: Prediction of a new all-time high (above 295), with prices between 220 and 500, depending on analysts.
CoinPriceForecast: Price of 266 at the end of 2025, with a rise of 36% compared to the current price (196.02 on 04/18).
CoinDCX: Projection of 280 to 370 by December 2025, with peaks in May (300-320).
Overall average: The forecasts suggest an increase of 36% to 200% by the end of 2025, with prices between 150 and 400.
Leaker
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#BinanceSafteyInsights is a critical issue, given the increase in cyber threats and the need to protect user assets.
Binance invests significantly in technologies and protocols to protect user funds and data. Here are the main security initiatives adopted by the platform: Cold Wallet Storage;
Two-Factor Authentication (2FA);
SAFU Fund (Secure Asset Fund for Users);
Real-Time Monitoring and AI;
Advanced Access Control;
Data Encryption;
Advanced Protocols; Anti-Fraud Initiatives.
Despite its robust security measures, it is not immune to incidents or criticism. In 2019, there was a notorious incident that occurred in May of that year, when hackers stole over USD 40 million in Bitcoin, exploiting vulnerabilities in API keys and 2FA codes. Binance covered the losses using the SAFU fund and implemented improvements in security processes, but the event raised concerns about the protection of user accounts. A swift resolution is crucial in hacking incidents; there are some criticisms of customer support as some users frequently report slow or unsatisfactory responses from support, especially in cases of compromised accounts. This can exacerbate security situations.
Although Binance offers robust tools, security also depends on user actions. Some common risks include: Phishing and Scams;
User Errors;
Market Volatility;
Custodial Risks. To maximize security when using Binance, users should adopt the following practices:
1° Enable 2FA;
2° Use Strong Passwords;
3° Verify URLs and Communications;
4° Keep Devices Secure;
5° Withdraw Funds to Private Wallets;
6° Set Up Whitelists;
7° Continuous Education: Keep up with Binance's educational initiatives, such as Binance Academy, which provides resources on security and fraud prevention.
Binance invests significantly in technologies and protocols to protect user funds and data. Here are the main security initiatives adopted by the platform: Cold Wallet Storage;
Two-Factor Authentication (2FA);
SAFU Fund (Secure Asset Fund for Users);
Real-Time Monitoring and AI;
Advanced Access Control;
Data Encryption;
Advanced Protocols; Anti-Fraud Initiatives.
Despite its robust security measures, it is not immune to incidents or criticism. In 2019, there was a notorious incident that occurred in May of that year, when hackers stole over USD 40 million in Bitcoin, exploiting vulnerabilities in API keys and 2FA codes. Binance covered the losses using the SAFU fund and implemented improvements in security processes, but the event raised concerns about the protection of user accounts. A swift resolution is crucial in hacking incidents; there are some criticisms of customer support as some users frequently report slow or unsatisfactory responses from support, especially in cases of compromised accounts. This can exacerbate security situations.
Although Binance offers robust tools, security also depends on user actions. Some common risks include: Phishing and Scams;
User Errors;
Market Volatility;
Custodial Risks. To maximize security when using Binance, users should adopt the following practices:
1° Enable 2FA;
2° Use Strong Passwords;
3° Verify URLs and Communications;
4° Keep Devices Secure;
5° Withdraw Funds to Private Wallets;
6° Set Up Whitelists;
7° Continuous Education: Keep up with Binance's educational initiatives, such as Binance Academy, which provides resources on security and fraud prevention.
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#BTCRebound O Bitcoin ($BTC ) has gone through a period of significant volatility in recent months, but the latest data indicates signs of a possible recovery, or "rebound," as discussed in various analyses and posts.
According to the results on BINANCE and other exchanges, as of April 13, 2025, Bitcoin is trading around 85,390, after a recovery of more than 15% since it reached the price zone of 74,000. This recovery follows a period of correction and macroeconomic uncertainties, including crises such as the "tariff game" triggered by changes in U.S. international tariffs and geopolitical tensions.
Despite the fluctuations, there is still a positive signal of change in market sentiment, although it has yet to confirm a significant rally until it surpasses 100,000.
+Factors Driving the Rebound-
1st Changes in Economic Policies and Tariffs: Trade tensions, especially tariffs imposed by U.S. President Donald Trump, initially caused a drop in BTC prices;
2nd Technical and On-Chain Indicators: Technical analysts observe patterns such as the "bullish flag" and the "cup-and-handle," which suggest potential for a significant rise if BTC breaks key resistances, such as 91,500 or 100,000;
3rd Market Sentiment and Institutional Investors: There is a gradual return of optimism, with institutional investors and "whales" (large holders) showing renewed interest;
4th Seasonality and Market Cycles: Historically, February and April have been positive months for BTC, with average returns of up to 14%.
The rebound of Bitcoin in April 2025 seems to be gaining traction, driven by improvements in market sentiment. However, challenges such as low volumes, macroeconomic uncertainties, and "bull trap" risks suggest that the recovery is still fragile.
Proceed to +
According to the results on BINANCE and other exchanges, as of April 13, 2025, Bitcoin is trading around 85,390, after a recovery of more than 15% since it reached the price zone of 74,000. This recovery follows a period of correction and macroeconomic uncertainties, including crises such as the "tariff game" triggered by changes in U.S. international tariffs and geopolitical tensions.
Despite the fluctuations, there is still a positive signal of change in market sentiment, although it has yet to confirm a significant rally until it surpasses 100,000.
+Factors Driving the Rebound-
1st Changes in Economic Policies and Tariffs: Trade tensions, especially tariffs imposed by U.S. President Donald Trump, initially caused a drop in BTC prices;
2nd Technical and On-Chain Indicators: Technical analysts observe patterns such as the "bullish flag" and the "cup-and-handle," which suggest potential for a significant rise if BTC breaks key resistances, such as 91,500 or 100,000;
3rd Market Sentiment and Institutional Investors: There is a gradual return of optimism, with institutional investors and "whales" (large holders) showing renewed interest;
4th Seasonality and Market Cycles: Historically, February and April have been positive months for BTC, with average returns of up to 14%.
The rebound of Bitcoin in April 2025 seems to be gaining traction, driven by improvements in market sentiment. However, challenges such as low volumes, macroeconomic uncertainties, and "bull trap" risks suggest that the recovery is still fragile.
Proceed to +
BTC 100.000 em 2025
40%
BTC 100.000 em 2026
60%
5 votes • Voting closed
BITCOIN
Crypto Insiders
--
Want to know how understand Candles? Read this article - Practical Guide
Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Hence, intraday traders try to either purchase a cryptocurrency at a low price and sell it higher or short-sell a cryptocurrency at a high price and buy it lower within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply among other factors.
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.
What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:
As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow
Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:
How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.
Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.
Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.
Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.
Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.
Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.
Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.
Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.
Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.
Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.
Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.
Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.
Happy trades and successful investments!💪👊
@Crypto Insiders
#BTCRebound #WhaleMovements #SECGuidance #BinanceSafetyInsights #SecureYourAssets
$BTC
$ETH
$BNB
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.
What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:
As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow
Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:
How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.
Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.
Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.
Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.
Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.
Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.
Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.
Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.
Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.
Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.
Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.
Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.
Happy trades and successful investments!💪👊
@Crypto Insiders
#BTCRebound #WhaleMovements #SECGuidance #BinanceSafetyInsights #SecureYourAssets
$BTC
$ETH
$BNB
btc
Crypto Insiders
--
Want to know how understand Candles? Read this article - Practical Guide
Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Hence, intraday traders try to either purchase a cryptocurrency at a low price and sell it higher or short-sell a cryptocurrency at a high price and buy it lower within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply among other factors.
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.
What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:
As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow
Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:
How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.
Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.
Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.
Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.
Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.
Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.
Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.
Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.
Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.
Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.
Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.
Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.
Happy trades and successful investments!💪👊
@Crypto Insiders
#BTCRebound #WhaleMovements #SECGuidance #BinanceSafetyInsights #SecureYourAssets
$BTC
$ETH
$BNB
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.
What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:
As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow
Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:
How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.
Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.
Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.
Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.
Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.
Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.
Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.
Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.
Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.
Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.
Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.
Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.
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