For beginners entering the trading market,
being able to understand bullish candlestick patterns is like having a "manual for catching uptrends."
No longer relying on intuition to guess the market, following the pattern signals will greatly increase the probability of seizing profit opportunities.
The following 8 classic patterns from "down to up" to "up continuing up" will help you turn vague trends into clear entry timing.
First, let’s discuss 4 reversal patterns that can make a downtrend "turn upwards."
The double bottom pattern looks like a "W" shape, with the price testing the bottom twice without breaking key support,
when it breaks through the "neckline" at the top of the pattern, it’s a good time to enter;
The triple bottom has tested the bottom one more time than the double bottom, with three tests at the support level holding up,
the upward momentum afterward is stronger, and the market is more stable after breaking the neckline;
The inverted head and shoulders looks like an upside-down "shoulder" shape, with the middle low point being the "head,"
and the slightly higher low points on both sides being the "shoulders." Once the neckline connecting the two shoulder high points is broken, the subsequent rise is worth looking forward to;
The descending wedge is a "false appearance in a downtrend," it seems to be continuously falling,
but in reality, the fluctuation range is getting smaller, and when the pattern breaks, a rebound is highly likely to occur.
Next, let’s look at 4 continuation patterns that can make an uptrend "continue to rise."
The ascending triangle has a very stable bottom support, with the lows gradually rising,
while the highs remain horizontal. Once it breaks through the upper boundary of the pattern, the bullish signal becomes very clear;
The bullish wedge gradually "narrows" during the rise, with both the highs and lows moving upwards,
but the distance between them is getting smaller. After the convergence ends and it breaks upwards, the previous bullish trend can continue;
The bullish flag looks like a "consolidation flag," with a strong rise initially creating a "flagpole,"
then consolidating sideways to form a "flag surface." Once the consolidation is complete, it usually continues to rise in the original direction;
The bullish symmetrical triangle is the result of a tug-of-war between bulls and bears, with highs gradually moving down and lows gradually moving up,
once the struggle results in an upward breakout, the market is likely to be set to explode.
Mastering these 8 patterns not only helps you clearly find entry points,
even stop-loss and target levels will be clearer.
For beginners, this is not a matter of rote memorization,
but a tool to help you understand market signals.
In fact, the crypto market has never relied on luck; if you find the right method and have someone guide you, even the most difficult situations can be turned around @财神爷说币 .