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Crypto Trading - Coggle Diagram

- - - - 1 day candle is 2x 12 hour candles, 3x 8 hour candles, 6x 4 hour candles
    - - Bullish Candlestick Patterns:
        Hammer: A small body with a long lower wick, indicating a potential bullish reversal after a downtrend.
        Bullish Engulfing: A larger bullish candle that engulfs the previous bearish candle, suggesting a reversal from a downtrend to an uptrend.
        Piercing Line: A two-candle pattern where the second candle opens lower than the previous close but closes above the halfway mark of the first candle, signaling a potential trend reversal.
      - Bearish Candlestick Patterns:
        Shooting Star: A small body with a long upper wick, indicating a potential bearish reversal after an uptrend.
        Bearish Engulfing: A larger bearish candle that engulfs the previous bullish candle, suggesting a reversal from an uptrend to a downtrend.
        Dark Cloud Cover: A two-candle pattern where the second candle opens higher than the previous close but closes below the halfway mark of the first candle, signaling a potential trend reversal.
      - Reversal Candlestick Patterns:
        Doji: A candlestick with a small body, indicating indecision in the market. It suggests a potential reversal when it appears after a trend.
        Evening Star: A three-candle pattern consisting of a bullish candle, followed by a small-bodied candle, and then a bearish candle. It signals a potential trend reversal from an uptrend to a downtrend.
        Morning Star: The opposite of the evening star, consisting of a bearish candle, a small-bodied candle, and then a bullish candle. It suggests a potential trend reversal from a downtrend to an uptrend.
      - Continuation Candlestick Patterns:
        Bullish Harami: A small bullish candle contained within the previous bearish candle, indicating a potential continuation of an uptrend.
        Bearish Harami: A small bearish candle contained within the previous bullish candle, indicating a potential continuation of a downtrend.
        Rising Three Methods: A bullish continuation pattern where a long bullish candle is followed by a series of smaller bearish candles, suggesting a temporary pause before the uptrend resumes.