What are the bear candlestick patterns commonly observed in the cryptocurrency market?

1 answers

• Harshit GuptaMay 11, 2022 · 3 years ago
  Bear candlestick patterns are commonly observed in the cryptocurrency market and can provide important signals for traders. One such pattern is the bearish harami cross, which occurs when a large bullish candle is followed by a doji candle that is completely engulfed by the previous candle. This pattern suggests a potential reversal of the previous bullish trend and indicates that sellers are gaining strength. Another commonly observed bearish pattern is the dark cloud cover, which consists of a large bullish candle followed by a bearish candle that opens above the previous candle's close and closes below its midpoint. This pattern indicates a potential reversal of the previous bullish trend and suggests that sellers are taking control. Traders often use these bear candlestick patterns to make informed decisions about their cryptocurrency trades.
  858

  429