5 More Bearish Candlestick Patterns Every Bitcoin Trader Must Know
Here are five more bearish candlestick patterns that every Bitcoin and crypto trader should recognize to protect against losses and take their trading skills to the next level.
Many traders like to play both sides of an asset’s price action. But in order to play the bullish and bearish trends, one needs to be aware of the positive and negative signals contained within various candlestick patterns.
Knowing how to interpret candlesticks adds insight to the signal provided by various technical analysis indicators and the path a digital asset might take.
Here are five more bearish candlestick patterns every trader should know.
Like the Tweezer Bottom, the Tweezer Top is a trend reversal pattern that indicates buyers are running out of steam and the approaching end of an uptrend.
In this pattern, both candlesticks will have the same high and alternating colors with the left candle being green and continuing the uptrend and the following candle (red) showing weakness. <