. 🛠️ Bullish Hammer - A small body with a long lower wick. - Appears at the bottom of a downtrend. - Indicates that sellers pushed prices down, but buyers regained control. - Confirmation needed with a green candle after it. 2. 🔄 Inverted Hammer - Similar to a hammer, but with a long upper wick instead of a lower wick. - Shows buyers attempting to push the price up after a downtrend. - Requires confirmation with the next bullish candle. 3. 🐂 Bullish Engulfing - A small red candle followed by a large green candle that completely engulfs the previous one. - Signals strong buyer momentum. - More reliable if it appears after a strong downtrend. 4. 🌟 Morning Star - A three-candle pattern: 1️⃣ A long red candle. 2️⃣ A small-bodied candle (red or green) showing market hesitation. 3️⃣ A strong green candle confirming the reversal. - Indicates a shift from bearish to bullish sentiment. 5. ⚡ Piercing Line - A two-candle pattern where: 1️⃣ The first candle is a strong red body. 2️⃣ The second green candle opens lower but closes more than halfway up the first red candle. - Shows buying strength and a potential reversal. 6. 🎖️ Three White Soldiers - Three consecutive long green candles with small wicks. - Each candle opens within the previous one’s body and closes higher. - Strong bullish reversal pattern. 📌 How to Use These Patterns? - Always confirm with volume, support levels, and additional indicators like RSI or moving averages. - The stronger the confirmation (e.g., large bullish candle, increased volume), the more reliable the reversal. If you found this helpful, please like, share, and comment! Thank you! ❤️ #Alpha2.0ProjectEvaluation #TrumpTariffs #americanbitcoinlauncher #Saylor500KClub #BSCTradingTips
#TrumpTariffs According to Jinshi Data, President Trump announced plans to impose additional tariffs on countries that tax U.S. exports. He also stated that Congress is close to passing the largest tax cut bill in U.S. history, calling it a “rocket” for the U.S. economy. The combination of tax cuts and new trade measures could lead to stronger domestic growth and investor confidence—but may also introduce global trade uncertainty and inflationary risks. 💬 Do you think these policies will boost markets, or trigger more global volatility? How do you see this impacting crypto and broader risk assets?
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These two candles are confirmation candles, meaning they confirm whether the price will go up or down.
The candle to the left is called the hammer candle; if it appears after a downtrend, it means the price will rise. The two green candles to the right are called engulfing candles. Why??
Because they engulf the previous candle, which is red, and the characteristics of the red candle are that it has two small wicks, an upper wick and a lower wick, and a large body compared to the wicks, all this in a downtrend, and in an uptrend, the colors of the candles are reversed.
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Bitcoin Blasts Past Giants! BTC just rocketed into the Top 5 global assets, beating out Google, Silver & Amazon, with a $1.87T market cap!
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