Doji Pattern: Shape, Meaning, and Examples on Crypto Charts
Schematic of the Doji shape. What matters is the proportion of body and wicks, not the price figures.
Doji pattern shape
- Very thin body: the distance from open to close is less than a tenth of the candle's range.
- Both the upper and lower wicks are visible, with roughly balanced lengths.
- Rentang keseluruhan tetap cukup lebar dibanding candle sekitarnya, bukan sekadar candle sepi.
General meaning
A doji shows a period that ends almost exactly where it began, even though price moved in both directions along the way. What it records is balance: neither side managed to close the period with an edge. The body color means very little because the open-close difference is too small to tell apart.
Where it usually appears
Often appears at the end of a long one-directional move, ahead of data releases when traders hold back, and during quiet hours around exchange session changeovers.
Worth noting. On low timeframes doji appear very often and most are followed by nothing. The higher the timeframe, the rarer they get and the more attention they receive.
See live detection on the chart
The CryptoHalley chart engine marks Doji automatically with id doji, no extra indicator needed. Open the chart and browse the labeled candles.
FAQ
- Is a doji a bullish or a bearish pattern?
- Neither. A doji is neutral by definition: open and close are nearly equal, so neither side won that period. What changes the interpretation is where the doji sits relative to the prior move, not the doji itself.
- How is a doji different from an ordinary small-bodied candle?
- The line is drawn by proportion. CryptoHalley marks a doji when the body is less than a tenth of the candle's range and that range itself isn't too small compared with surrounding volatility (measured with ATR 14). A small body on an equally small range doesn't count.
- How many kinds of doji are there?
- CryptoHalley's engine distinguishes three: the regular doji with balanced wicks, the dragonfly doji with a wick extending down, and the gravestone doji with a wick extending up. All three have equally thin bodies; what differs is where the wick sits.