What is a crypto bullish pattern?

When the chart pattern implies the price will go up, we classify it as a crypto bullish pattern. If it goes down - we classify it as a bearish pattern. Crypto bullish patterns mark the reversal within or after a prior downtrend of an asset price.

Are crypto markets bullish or bearish?

Bullish and bearish outlooks on the crypto market can depend on the person holding the view. When talking about markets, both mainstream and crypto, “bullish” and “bearish” often come up in headlines and conversation, although such usage typically depends on financial knowledge and experience. What do the two terms mean?

What is a bullish or bearish chart pattern?

When a bullish or bearish chart pattern forms, it predicts a future asset price movement direction. Let's look at these two types individually. Bullish continuation patterns mean that the price will continue moving in the same direction after the continuation pattern forms.

What is a bullish marubozu pattern?

The bullish marubozu pattern is easy to spot because it is represented by a single candle with a full body. Since it has no wicks, the bullish marubozu looks like a rectangular block and is green in color. This pattern signals that an asset is trading in one direction. The candle could lead to a continuation of a bullish trend.