Cryptocurrency Q&A
What is the 3 candle rule?
What is the 3 candle rule?
Martino
Tue Oct 08 2024
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7 answers
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Can you explain the concept of the 3 candle rule in cryptocurrency trading, and how it is used to identify potential trends or reversals in the market? Specifically, what do each of the three candles represent, and how do traders interpret their positions and sizes in relation to each other to make informed decisions?
7 answers
CryptoTitan
Thu Oct 10 2024
The formation we are discussing comprises of three distinct candlesticks, arranged sequentially.
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Carolina
Thu Oct 10 2024
The initial candlestick is characterized by its lengthy nature and a bearish sentiment, indicating a downward momentum in the market.
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SsamziegangSerenadeMelodyHarmonySoul
Thu Oct 10 2024
Following this, there appears a second candlestick, smaller in size and displaying a bullish trend. Notably, this candlestick is entirely enveloped by the first, creating a visual pattern.
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Lorenzo
Thu Oct 10 2024
The third and final candlestick in this sequence is also bullish, signaling a continuation of the upward movement.
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GyeongjuGlorious
Thu Oct 10 2024
Its closing price surpasses the high point reached by the second candlestick, further emphasizing the shift in momentum.
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