Dildo

"Dildo" is a slang term used in the cryptocurrency community to refer to a candlestick chart pattern characterized by a long body and little to no wick. The term is derived from the shape of the candlestick resembling a phallic object.

In candlestick charting, each "candle" represents a specific time period of trading activity. A dildo candle typically indicates significant price movement within that time frame, with the length of the body indicating the extent of the price change.

Example:

- A green dildo candle indicates bullish momentum, with the price rising significantly during the period.

- A red dildo candle indicates bearish momentum, with the price declining significantly during the period.

Cases:

- Bitcoin experienced a series of green dildo candles during its bull run in 2017, with prices surging to all-time highs.

- Ethereum witnessed red dildo candles during periods of market correction, reflecting downward price pressure.

Overall, the term "dildo" is used informally among traders to describe visually striking candlestick patterns in cryptocurrency charts.