What is the meaning of marubozu in the context of cryptocurrency?

3 answers

• Dec 25, 2021 · 3 years ago
  Marubozu is a candlestick pattern in cryptocurrency trading that indicates a strong trend. It consists of a long body with no or very small wicks, suggesting that the price opened at the low or high of the period and closed at the opposite extreme. This pattern is often seen as a sign of a continuation of the current trend, whether it is bullish or bearish. Traders use marubozu to identify potential entry or exit points in their trading strategies.
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• Dec 25, 2021 · 3 years ago
  Marubozu is a Japanese term that means 'bald' or 'shaved'. In the context of cryptocurrency, it refers to a candlestick pattern that has no upper or lower shadow, indicating a strong trend. This pattern is often considered a bullish or bearish signal depending on its color. A white or green marubozu indicates a bullish trend, while a black or red marubozu suggests a bearish trend. Traders use marubozu to make predictions about future price movements and adjust their trading strategies accordingly.
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• Dec 25, 2021 · 3 years ago
  Marubozu is a term commonly used in technical analysis to describe a candlestick pattern that has a long body with no or very small shadows. In the context of cryptocurrency, marubozu represents a strong trend and is often used by traders to confirm the direction of the market. When a bullish marubozu appears, it suggests that buyers are in control and the price is likely to continue rising. On the other hand, a bearish marubozu indicates that sellers are dominant and the price is expected to decline further. It is important for traders to pay attention to marubozu patterns as they can provide valuable insights into market sentiment and potential price movements.
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