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Author: Admin | 2025-04-28
When trying to make a Bitcoin forecast, many traders also try to monitor the activity of BTC “whales”, which are entities and individuals that control large amounts of BTC. Since the Bitcoin market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Bitcoin’s price movements. Bullish and bearish price prediction patterns Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish. Here are some of the most commonly followed bullish candlestick patterns:Here are some common bearish candlestick patterns:HammerBullish EngulfingPiercing LineMorning StarThree White SoldiersBearish HaramiDark Cloud CoverEvening StarShooting StarHanging ManDISCLAIMER: Not Investment Advice The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute solicitation, recommendation, endorsement or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
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