①: The immortal points the way, boldly buy in, this behavior indicates that the current market has strong long positions which is very suitable for building positions.
②: High position hanging line, be careful of eating noodles, this type of formation indicates that the current rise is weak, and a pullback will definitely occur in a short time. ③: Double hammer piling, preparing for a rise. The appearance of a similar pattern indicates that the long positions are strong. After a short-term decline, it quickly returns to the opening price, making it suitable for building positions. ④: Shooting star, danger is coming. The appearance of this or a similar formation indicates that there will definitely be a short-term drop. Long positions are at their peak, and there is no way to break through the previous new high. ⑤: A bearish engulfing at the top, it's time to make a quick escape. This type of pattern has a 90% chance of resulting in a downward trend. The trend has been rising, but there is no momentum at the peak, resulting in a large bearish candle. ⑥: Top line of the uptrend, clear positions to avoid risks. When this type of situation arises, conservative players are advised to clear positions or significantly reduce their holdings, as it is very easy to see large fluctuations in the market at this time. Aggressive players may continue to hold positions, after all, high risk leads to high returns. ⑦: Rising gap up, there is hope for an increase. This pattern clearly expresses that the current market has strong long positions momentum, suitable for building positions. The above 7 types of patterns are summarized based on the comprehensive data of the half-year BTC and ETH perpetual contract trends, provided for reference for all cryptocurrency friends, applicable whether trading contracts or spot.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
①: The immortal points the way, boldly buy in, this behavior indicates that the current market has strong long positions which is very suitable for building positions.
②: High position hanging line, be careful of eating noodles, this type of formation indicates that the current rise is weak, and a pullback will definitely occur in a short time.
③: Double hammer piling, preparing for a rise. The appearance of a similar pattern indicates that the long positions are strong. After a short-term decline, it quickly returns to the opening price, making it suitable for building positions.
④: Shooting star, danger is coming. The appearance of this or a similar formation indicates that there will definitely be a short-term drop. Long positions are at their peak, and there is no way to break through the previous new high.
⑤: A bearish engulfing at the top, it's time to make a quick escape. This type of pattern has a 90% chance of resulting in a downward trend. The trend has been rising, but there is no momentum at the peak, resulting in a large bearish candle.
⑥: Top line of the uptrend, clear positions to avoid risks. When this type of situation arises, conservative players are advised to clear positions or significantly reduce their holdings, as it is very easy to see large fluctuations in the market at this time. Aggressive players may continue to hold positions, after all, high risk leads to high returns.
⑦: Rising gap up, there is hope for an increase. This pattern clearly expresses that the current market has strong long positions momentum, suitable for building positions.
The above 7 types of patterns are summarized based on the comprehensive data of the half-year BTC and ETH perpetual contract trends, provided for reference for all cryptocurrency friends, applicable whether trading contracts or spot.