Indicators and patterns
2/11/2025
Indicators and patterns
The engulfing pattern is a technical analysis pattern that can signal a potential reversal in the price of an asset. In this case, the engulfing pattern occurred on the BTC/USD 15-minute chart and is considered bullish.This specific engulfing pattern is a bullish engulfing pattern, which consists of a small bearish candlestick followed by a larger bullish candlestick that completely engulfs the previous candlestick. This pattern suggests that buyers have overwhelmed sellers, potentially indicating a shift towards bullish momentum.
The signal generated by this engulfing pattern is a "Buy" signal, suggesting that traders may consider entering a long position on BTC/USD. The signal occurred at a price of 97020.95 on February 11, 2025, at 15:45 UTC. Traders may interpret this signal as an opportunity to capitalize on a potential upward price movement in the short term.
This is not investment advice. Remember to verify the information provided here.
Get access to the full analysis
- Over 35 000 indexes
- CFD, Forex, Crypto and Stocks Exchange
- Over 150 Indicators
- Pattern and candle analysis
- Support and resistance levels
- Fundamental, technical and sentimental analysis
- Power from AI
