The hanging man between the bull and the bear.

[KupaCrypto]

When prices opens higher and closes lower than the previous day's price the hanging man is bullish, while When prices opens lower and closes higher than the previous day's price the hanging man is bearish,
The hanging man points out the conclusion of a potential negative trend and potential start of a bullish trend.
The limitations of this pattern is not to be overemphasized  as this pattern is only an average predictor and better if you look at particular qualities, but there are indicators to look at for that indicates the probability of a price decline following the hanging man.
Looking at bearish hanging man you can time your sales with them before entering any other trade, examine movement price to previous resistance levels to spot a hanging man pattern.

[hd49728]

A market trend does not change within a day or between two days.

Price can be lower or higher than yesterday but to create a market trend, either bullish or bearish, it takes weeks and months to complete. To break a trend, market must have more things to confirm it and I am sure you can come to a conclusion that market now turns to bearish because today price is lower than yesterday price.

How to Spot Market Trends

[Faisal2202]

When prices opens higher and closes lower than the previous day's price the hanging man is bullish, while When prices opens lower and closes higher than the previous day's price the hanging man is bearish,

I am not much of a technical trader, but are you sure you stated the right definition. As according to my knowledge if a candle opens higher and closes lower then it's a bearish Hanging Man (HM) candle, not a bullish HM candle. What you think please CMIIW as I am also learning.

Looking at bearish hanging man you can time your sales with them before entering any other trade, examine movement price to previous resistance levels to spot a hanging man pattern.

If you had added a picture or some more details then it would have more easier for people like me to understand what is hanging man candlestick is and how we should interpret it. Anyway, you made a good effort, thanks for sharing it, bring more topics like these but with more detailed info, if you don't mind me. Besides this, there is no doubt that we should not depend on a single indicator for trading purposes, because that's not how trading works, and most of these indicators are not applicable (mostly) in crypto, as crypto is highly volatile and there is uncertainty in it. We can only make profit from it by using other information as well.

[Hamza2424]

Hmm that's what we call the phycology of the market and this not easy to understand, crypto market is still immature and most of the parish in the crypto market are volatile due to improper distribution of the supply, but things are different for the top 30 coins and top 100 coins except XRP its an all-time shit.

TBH, Crypto market capitalization is changing drastically and I'm pretty sure with the RWA narrative and Ai narrative in the current Bull market will explore the new heights which are un-predicted, this might be the last bull run to make 10x and 100x of the portfolio then 10x may remain certain but still as you know when market capital gets mature the market's risk to reward ratio faces a massive decline.

[rodskee]

When prices opens higher and closes lower than the previous day's price the hanging man is bullish, while When prices opens lower and closes higher than the previous day's price the hanging man is bearish,
The hanging man points out the conclusion of a potential negative trend and potential start of a bullish trend.
The limitations of this pattern is not to be overemphasized  as this pattern is only an average predictor and better if you look at particular qualities, but there are indicators to look at for that indicates the probability of a price decline following the hanging man.
Looking at bearish hanging man you can time your sales with them before entering any other trade, examine movement price to previous resistance levels to spot a hanging man pattern.

That is why we must have the position everytime we decided to invest To when we will be
buying and when to release your holding because remember that this market is going
up and down in which I believe there are so much to consider to buy when the market
started to climb and sell when there is a start of dumping and those are the two things we
 have been told  multiple times and the strategy to buy low and sell high.

[hugeblack]

Relying on a single indicator to know the market trend usually gives inaccurate results, Trading makes you take into consideration several confirmatory indicators in addition to support and resistance levels before determining whether the price will continue in the same direction or will be broken.

[MusaMohamed]

Relying on a single indicator to know the market trend usually gives inaccurate results, Trading makes you take into consideration several confirmatory indicators in addition to support and resistance levels before determining whether the price will continue in the same direction or will be broken.

A single indicator can be not enough to gives accurate result in trading, I agree, but if using too many indicators, it will cause another problem that even bigger. Traders who use many indicators will fall in their own traps, don't know what is good and what is bad signal and they can end with arbitrary decision or combine indicators, signals and get a wrong one at the end.

If a trader look at the market to find a market trend, he will look at the market with a vision similar to an investor. Trade with a long term vision like an investor will reduce risk, with a condition, only use Spot trading.

[Litzki1990]

Most traders feel comfortable trading when the market is more positive than negative, and most traders trade during this period and earn substantial profits. When the amount of dumping is more than pumping in the market, at that time Tedders usually cannot achieve much success by trading because if they gain some money profit by trading at that time, it can be seen that a considerable amount of money has been lost in the next trading. However, even if there is a possibility of losing money while trading in the bear market, those who are Trader's do not sit but they trade for small profit even at that time. If trading in bear market can be satisfied with small profit without expecting extra profit then I would say in every trade trader will get good profit if he can trade properly.

[Geurangsang]

I think OP is mistaken in understanding the terms bullish and bearish. As I know, bullish is a trend that shows an increase. This is characterized by an upward push by the bull. While bearish is a market that shows a degression because it is attacked by a big bear. So I think what should be true is that if the price opens higher and closes lower it is bearish.

I think looking at trends only in daily periods is not right. We have to look at other trend changes in weekly and monthly periods so that we can find the major trend. Daily periods cannot show trends clearly.

[Queentoshi]

A single indicator can be not enough to gives accurate result in trading, I agree, but if using too many indicators, it will cause another problem that even bigger. Traders who use many indicators will fall in their own traps, don't know what is good and what is bad signal and they can end with arbitrary decision or combine indicators, signals and get a wrong one at the end.

There are some few indicators in trading that are as simple as the hanging man to understand, understanding the simple indicators is easier than trying to understand the more complicated indicators which some are hard to make sense of. The simple indicators are common to traders.
In trading, trying to understand the meaning behind many indicators will not make you a better trader as some people without any knowledge in trading may think, a trader who really understands a few indicators will be able to record more profits than loss.

[Bravut]

When prices opens higher and closes lower than the previous day's price the hanging man is bullish, while When prices opens lower and closes higher than the previous day's price the hanging man is bearish,
The hanging man points out the conclusion of a potential negative trend and potential start of a bullish trend.
The limitations of this pattern is not to be overemphasized  as this pattern is only an average predictor and better if you look at particular qualities, but there are indicators to look at for that indicates the probability of a price decline following the hanging man.
Looking at bearish hanging man you can time your sales with them before entering any other trade, examine movement price to previous resistance levels to spot a hanging man pattern.

You are quite good in TA, but you misunderstood something here,for simplicity;
If price sweeps previous day high (PDH) and closes lower it signifies bearish or downtrend while if Price sweeps Previous day low (PDL) and closes upwards it signifies uptrend or bulls taking over. In contrast it has to do with sweep of liquidity at those low or highs but when it runs it signifies continuation of trend.

Note this act as a confluence and not a financial advice. And should be carried out after proper backtesting.

[Bushdark]

The could look like a good strategy but we just have to understand that is just a guess work and we should never depends on that.
The price of Bitcoin could end the day volatile forming any kind of candles and it will continues with the next day.
This could be a sign of us to think well if we want to invest in a token which could be an eye opener but we need to understand that the technical analysis does not have a strong effect on the price of Bitcoin. We could make money without depending on it.