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Investment / Re: Understanding Bitcoin And Cryptocurrency Better by franco345(m): 6:45am On Jan 29, 2021
Morning Star


A Morning Star is a (3-candle) bullish reversal, it consist of the following

=The first candle has a bearish close
=The second candle has a small range
=The third candle closes aggressively higher (more than 50% of the first candle)

And this is what a Morning Star means…
On the first candle shows, the sellers are in control as the price closes lower
On the second candle, there is indecision in the markets as both the selling and buying pressure are in equilibrium (that’s why the range of the candle is small)
On the third candle, the buyers won the battle and the price closes higher.

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Investment / Re: Understanding Bitcoin And Cryptocurrency Better by franco345(m): 6:40am On Jan 29, 2021
Tweezer Bottom



A Tweezer Bottom is a (2-candle) reversal candlestick pattern that shows us that the market is finding it difficult to go bearish after two attempts.

Here’s how to identify a tweezer bottom:

1: The first candle shows rejection of lower prices
2: The second candle re-tests the low of the previous candle and closes higher

Tweezer Bottom simply means…
On the first candle, the sellers pushed price lower and were met with some buying pressure
On the second candle, the sellers again tried to push price lower but failed, and was finally overwhelmed by strong buying pressure

Investment / Re: Understanding Bitcoin And Cryptocurrency Better by franco345(m): 6:36am On Jan 29, 2021
Piercing Pattern


A Piercing Pattern is also a two candel pattern.

Unlike the Bullish Engulfing Pattern which closes above the previous open, the Piercing Pattern closes within the body of the previous candle.

Thus in terms of strength, the Piercing Pattern isn’t as strong as the Bullish Engulfing pattern.

These are how to identify a piercing candel stick

1: The first candle has a bearish close
2: The body of the second candle closes beyond the halfway mark of the first candle
3: The second candle closes bullish

Piercing Pattern means…
On the first candle, the sellers are in control as they closed lower for the period
On the second candle, buying pressure stepped in and it closed bullishly (more than 50% of the previous body) — which tells you there are buying pressure around

Investment / Re: Understanding Bitcoin And Cryptocurrency Better by franco345(m): 6:31am On Jan 29, 2021
Bullish Engulfing Pattern


A Bullish Engulfing Pattern comprises of two candel sticks, a bearish and a bullish candle.

Here's how to identify a bullish engulfing candle

1:The first candle has a bearish close
2:The body of the second candle completely “covers” the body first candle (without taking into consideration the shadow)
3:The second candle closes bullish

And this is what a Bullish Engulfing Pattern means…

On the first candle, the sellers are in control as they closed lower for the period
On the second candle, strong buying pressure stepped in and closed above the previous candle’s high — which tells you the buyers have won the battle for now
In essence, a Bullish Engulfing Pattern tells you the buyers have overwhelmed the sellers and are now in control.

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Investment / Re: Understanding Bitcoin And Cryptocurrency Better by franco345(m): 5:54am On Jan 29, 2021
BULLISH CANDLE
They are various candle which serves as confirmation for a bullish trend.Examples of such candel is HAMMER.




This is a bullish reversal candel that forms after a decline in price.

Here’s how to recognize it:

1 Little to no upper shadow
2 The price closes at the top ¼ of the range
3 The lower shadow is about 2 or 3 times the length of the body
And this is what a Hammer means…

When the market opens, the sellers took control and pushed price lower
At the selling climax, huge buying pressure stepped in and pushed price higher
The buying pressure is so strong that it closed above the opening price
In short, a hammer is a bullish reversal candlestick pattern that shows rejection of lower prices.



NOTE: just because you saw a hammer doesn't necessarily mean the market will go bullish you will need more “confirmation” to increase the odds of the trade.

Investment / Re: Understanding Bitcoin And Cryptocurrency Better by franco345(m): 4:17pm On Jan 22, 2021
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Investment / Understanding Bitcoin And Cryptocurrency Better by franco345(m): 1:53pm On Jan 22, 2021
Hello house..
My name is frank,
I opened this new thread after my previous thread was closed by the mods.


Here on this thread i will be giving answers on questions on what you don't understand about cryptocurrency.

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