Doji

Candle where open ~ close - indecision signal.

Doji = candle with tiny body (open and close almost equal) and often long wicks. Means buyers and sellers had equal strength. After a long green run a doji warns of reversal; same in downtrends. Variants: gravestone (top wick only), dragonfly (bottom wick only).

In plain words

A candle with almost no body - open and close ended at the same place. Buyers and sellers were even.

Example

BTC Mar 13, 2024: D1 doji after 8 green candles in a row, ATH 73k -> next day drop to 68k.

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