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Indicators and patterns

10/31/2024

Indicators and patterns

Indicators and patterns

The "Harami Pattern" is a two-candlestick pattern that indicates a potential reversal in the market. In this case, it occurred on the BTC/USD 15-minute chart and is considered bullish.

The pattern consists of a large candlestick followed by a smaller candlestick that is completely engulfed by the prior candle. This smaller candlestick is often referred to as the "inside bar" and suggests indecision in the market.

The bullish Harami Pattern suggests that the previous downtrend may be losing momentum and that a potential reversal to the upside could occur. Traders may interpret this pattern as a signal to consider buying BTC/USD.

In this specific instance, the Harami Pattern occurred at a price of 72287.35 on October 31, 2024, at 2:15 AM. Traders may use this information to make informed decisions about their trading strategies.

This is not investment advice. Remember to verify the information provided here.

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