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    Candlesticks

    Uploaded by

    shanthila
    This document discusses candlestick patterns that can be used to analyze cryptocurrency markets. It defines bullish and bearish candlestick formations like spinning tops, hammers, and morning stars. These patterns provide clues about the likelihood of future price movements. For example, a bullish engulfing pattern suggests prices will likely continue rising in the next period, while a hanging man is a sign of a potential bearish reversal. The document aims to introduce traders to basic candlestick patterns and their implications for interpreting market trends and reversals.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Candlesticks

    Uploaded by

    shanthila
    391 views2 pages
    This document discusses candlestick patterns that can be used to analyze cryptocurrency markets. It defines bullish and bearish candlestick formations like spinning tops, hammers, and morning stars. These patterns provide clues about the likelihood of future price movements. For example, a bullish engulfing pattern suggests prices will likely continue rising in the next period, while a hanging man is a sign of a potential bearish reversal. The document aims to introduce traders to basic candlestick patterns and their implications for interpreting market trends and reversals.

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    PDF, TXT or read online from Scribd

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    This document discusses candlestick patterns that can be used to analyze cryptocurrency markets. It defines bullish and bearish candlestick formations like spinning tops, hammers, and morning stars. These patterns provide clues about the likelihood of future price movements. For example, a bullish engulfing pattern suggests prices will likely continue rising in the next period, while a hanging man is a sign of a potential bearish reversal. The document aims to introduce traders to basic candlestick patterns and their implications for interpreting market trends and reversals.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    391 views2 pages

    Candlesticks

    Uploaded by

    shanthila
    This document discusses candlestick patterns that can be used to analyze cryptocurrency markets. It defines bullish and bearish candlestick formations like spinning tops, hammers, and morning stars. These patterns provide clues about the likelihood of future price movements. For example, a bullish engulfing pattern suggests prices will likely continue rising in the next period, while a hanging man is a sign of a potential bearish reversal. The document aims to introduce traders to basic candlestick patterns and their implications for interpreting market trends and reversals.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Crypto Trading

    Candlesticks

    Bullish Bearish Selection of Basic


    upper
    high shadow
    / wick
    high Candlestick Formations
    closing opening
    price price
    real
    body Candlesticks tell something
    opening closing
    price price about the likelihood for the next
    lower
    low shadow low price movement directions:
    / wick

    Single

    Spinning Top Doji Green Marubozu Red Marubozu

    neutral neutral bullish bearish


    small body with very flat to no body: full green body full red body
    longer wicks: trend gets weak, without wicks: without wicks:
    possible reversal indecision strong bullish sign strong bearish sign
    signal

    Hammer Hanging Man Inverted Hammer Shooting Star


    bullish bearish bullish bearish
    long wick + short long wick + short long wick + short long wick + short
    body at the top after body at the top after body at the bottom body at the bottom
    bearish candles: bullish candles: after bearish candles: after bullish candles:
    possible bullish possible bearish possible bullish possible bearish
    reversal signal reversal signal reversal signal reversal signal

    www.cryptotradingbook.com
    Crypto Trading

    Candlesticks

    Double

    Bullish Engulfing Bearish Engulfing Tweezer Tops Tweezer Bottoms


    bullish bearish bearish bullish
    small bearish candle bullish candle entire- 2 equally high tops 2 equal lows at end
    engulfed by bullish ly engulfed by larger at end of uptrend of downtrend (double
    candle: bullish sign bearish candle: (double top): bottom):
    bearish sign bearish reversal bullish reversal likely
    likely
    Triple

    Morning Star Evening Star 3 White Soldiers 3 Black Crows

    bullish bearish bullish bearish


    long red candle + long green candle + 3 long bullish 3 long bearish
    lower sitting short higher sitting short candles: ongoing candles after bull
    candle + long green candle + long red candle uptrend likely trend: signal for end
    candle above: gaping lower: of rally
    bullish reversal likely possible bearish reversal

    Neutral:
    Sign of market indecision; Likelihood for next
    candle to be bullish or bearish is equal

    Bullish:
    3 Inside Up 3 Inside Down
    The likelihood that price will continue to
    rise in the next candlestick(s) is high
    bullish bearish
    long red candle engul-
    fing short green candle +
    long green candle en-
    gulfing short red candle Bearish:
    higher long green candle: + lower long red candle:
    The likelihood for a further price decrease
    likely sign for bullish likely sign for bearish
    reversal reversal in the next candlestick(s) is high

    www.cryptotradingbook.com

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