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①: The immortal points the way, boldly buy in, this trend indicates that the current market long positions are strong, making it very suitable to open a position.
②: High-level hanging line, be careful of eating noodles, this type of formation indicates that the current rise lacks strength and there will definitely be a pullback in the short term.
③: Double hammer piling, preparing for a rise. The appearance of a similar pattern indicates strong long positions, and the short-term decline 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 decline in the short term, the long positions have reached their peak, and there is no way to break through the previous new high.
⑤: A bearish engulfing pattern at the top signals a quick escape; this type of formation has a 90% chance of leading to a downtrend. The trend has been rising, but at the peak, there is a lack of strength, resulting in a large bearish candle.
⑥: The end of the uptrend line, clear the position to avoid risks. When this type of situation occurs, it is recommended for conservative players to clear their positions or significantly reduce them, because it is very easy to see large fluctuations in the market at this time. Aggressive players can continue to hold their positions, after all, high risk means high reward.
⑦: Bullish gap up, there is hope for an increase. The emergence of this pattern clearly expresses the strong bullish momentum in the current market, suitable for building positions.
The above 7 patterns are summarized based on the comprehensive data of the half-year trends of BTC and ETH perpetual contracts, and are provided for reference to all cryptocurrency friends. They are applicable whether trading contracts or spot.