What is your age? How old are you? Did you ever make $1000 from the cryptocurrency world? Many people are making money from cryptocurrency trading, and they are happy about what they achieve. If you belong to a lower-salary class and want to make money from the crypto world but do not know about crypto trading, this tutorial is for you. In this tutorial, you can learn some essential chart patterns that help you identify the next big opportunity.
Bullish Engulfing pattern
This pattern is formed when one candle is closed with a bearish sign and another bullish candle is formed. The first one is completely covered by the second candle. This pattern suggests that the coin’s price turns bullish. Additionally, it is a clear indication of the control of coin price transfer from sellers to buyers.
Bearish Engulfing Pattern
This pattern is opposite to the bullish engulfing pattern. Similar to bullish engulfing, this pattern is formed when the first candle is closed with a bullish sign and completely covers another bearish candle. This is also an indication of control shifting from buyers to sellers.
Bullish Harami
This pattern consists of two candles. The first candle is bearish-large, and the other is a bullish short candle. The first one is large enough to cover the second one. The appearance of this pattern suggests that the downtrend is reversed and the market will enter an uptrend.
Bearish Harami
Contrary to bullish haram, this pattern is formed when the first large bullish candle is closed and another bearish candle is formed and completely covered by the first one. This indicates that an uptrend is going to end, and the market will turn into a bearish mode.
Bullish Harami Cross
This pattern consists of three candles: the first one is a large bearish candle, the second candle is a dogi, and the third one is bullish. The appearance of this pattern is a clear indication that the market has reached the bottom of a downtrend and soon enters an uptrend.
Bearish Harami Cross
Similar to the bullish harami cross, this pattern is just the opposite. This pattern contains three candles; the first one is the large bullish candle, the dogi, and the small bearish candle. This pattern is an indication that the market has reached its highest point and now a downtrend will start.
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