Candlestick Trading Patterns Explained PDF
Crypto Candles - these candlesticks use the same bitcoin price data as bar charts (open, high, low, and close). However, these candlesticks resembles a candle with wicks on both ends as opposed to bar charts that resembles bars.
How to Analyze Candles Pattern Setups
The rectangle part of a bitcoin candlestick is called the body.
The high & low of the candle are described as shadows and drawn as poking lines.
How to Analyze Candles Pattern Setups -Crypto Candle Patterns Tutorial with Examples PDF
The colour of candlestick is either blue or red
- (Blue or Green Color) - Bitcoin Prices headed up
- (Red Colour) - Bitcoin Prices headed down
Most bitcoin trading platforms like the MetaTrader 4 bitcoin trading platform, use colors to mark direction. Color used are blue or green - green color candlesticks: when bitcoin price moves up, red color candlesticks: when bitcoin price moves down.
Crypto Candle Pattern Setups Tutorial with Examples Tutorial
Candlestick Trading Patterns Explained PDF
Doji Cryptocurrency Candlestick Patterns Tutorial with Examples Tutorial
This is a cryptocurrency candle setup pattern with same opening & closing bitcoin price. There are various types of doji cryptocurrency candle-sticks setup which form on charts.
The following example show various patterns of the doji cryptocurrency candle:
Long-legged doji cryptocurrency candle pattern has long upper & lower shadows with opening & closing bitcoin price at the middle. When Long-legged doji appears on a Bitcoin chart it demonstrates indecision between the cryptocurrency traders, buyers & the sellers.
Shown Below is an example screen-shot screen shot of the Long Legged Doji bitcoin candlesticks pattern setup
Doji Crypto Pattern - Doji Crypto Candlestick Patterns Lesson with Example Guide
Doji Cryptocurrency Pattern - Doji Crypto Candle Patterns Tutorial with Example PDF
Marubozu Cryptocurrency Candlestick Patterns Tutorial with Examples Tutorial
Marubozu cryptocurrency candle pattern are long candle-sticks which have no upper or lower shadows, Like the ones displayed and illustrated below.
Marubozu Cryptocurrency Candlestick Patterns Tutorial with Example Guide
Marubozu cryptocurrency candle pattern are continuing cryptocurrency candle patterns that show bitcoin price is going to continue in the same direction as that of marubozu cryptocurrency trading candlestick. The marubozu cryptocurrency candlesticks pattern can be white/blue or Black/red depending on the direction of the cryptocurrency trend.
Spinning Tops Candles Cryptocurrency Candlestick Patterns Tutorial with Examples Tutorial
Spinning tops cryptocurrency candle-stick pattern setup have a small body with long upper and lower shadows. These spinning top btcusd crypto currency candlesticks patterns are referred to by this name because these candlesticks arrangements are similar to spinning tops on a match-stick.
The upper & lower shadows of the spinning tops candles pattern setup are longer than the body. Example illustrated below illustrates the spinning tops cryptocurrency candle pattern. You can look for the pattern on your MetaTrader 4 Bitcoin Platform cryptocurrency charts. The example shown below shows a screen-shot to help traders when it comes to studying and understanding these cryptocurrency candlestick pattern.
Spinning Top Candle Patterns Tutorial with Example Guide
Colour of spinning tops candlestick candlesticks pattern setup is not very important, this pattern show the indecision between the buyers and sellers in Bitcoin market. When these btcusd cryptocurrency patterns appear at the top of a bitcoin crypto currency trend or at the bottom of btcusd crypto currency trend it may signal that the bitcoin trend is coming to an end and it may soon reverse & start heading in the other direction. However, it's best to wait for confirmation bitcoin signals that the direction of a instrument has reversed before trading the signal from this cryptocurrency candle set-up formation.
Hammer Bitcoin Candle Pattern and Hanging Man Bitcoin Cryptocurrency Candlestick Patterns Tutorial with Examples Tutorial
Hammer Bitcoin Candle Pattern and Hanging Man Bitcoin Candle Pattern candlesticks look alike but hammer is bullish reversal candle-stick pattern and hanging man is a bearish reversal candle pattern.
Crypto Candlestick Patterns Lesson with Example PDF
Hammer Candlestick Patterns Tutorial with Examples Tutorial
Hammer candlestick pattern setup is a potentially bullish cryptocurrency candle setup pattern which occurs during a downward cryptocurrency trend. It's named so because the bitcoin crypto market is hammering a bottom.
Hanging Man Cryptocurrency Candlestick Patterns Tutorial with Examples Tutorial
This hanging man cryptocurrency candle pattern setup is a potentially bearish bitcoin trading reversal cryptocurrency signal which forms during a upward cryptocurrency trend. It is named so because it resembles a man hanging on a noose up high.
Crypto Candle Patterns Tutorial with Example PDF
Inverted Hammer Candlestick Patterns Tutorial with Examples Tutorial
This is a bullish reversal cryptocurrency candle pattern. It occurs at the bottom of a trend.
Inverted hammer cryptocurrency candle pattern occurs at the bottom of a down bitcoin trend and indicates possibility of a reversal of the downwards cryptocurrency trend.
Crypto Candle Patterns Guide with Examples PDF
Shooting Star Candlestick Patterns Tutorial with Examples Tutorial
Shooting Star is a bearish reversal cryptocurrency candle pattern. It forms at the tops of a cryptocurrency market trend.
Shooting Star candle-stick pattern occur at the top of an up-trend in the btcusd market where the open bitcoin price is same as the low and bitcoin price then rallied up but was forced back down to close near the open.
Shooting Star Candlestick - Candlestick Patterns Tutorial with Example PDF
Piercing Line Cryptocurrency Candlestick Patterns Tutorial with Examples Tutorial
Piercing line candle pattern setup is a long black body followed by a long white body candlestick.
White body pierces the mid point of the prior black body.
This Piercing Line cryptocurrency candlestick pattern is a bullish reversal cryptocurrency candle setup that forms at the bottom of a market downwards cryptocurrency trend. It shows that the bitcoin crypto market opens lower & closes above the mid point of the black body.
This Piercing Line cryptocurrency candle-stick pattern highlights that the momentum of the down bitcoin trend is reducing and btcusd market bitcoin trend is likely to reverse & move in an up-wards direction.
This Piercing Line cryptocurrency candlestick pattern setup is displayed known as a piercing line signifying the btcusd cryptocurrency market is piercing a bottom illustrating a market floor for bitcoin crypto currency price downward cryptocurrency trend.
Crypto Candlestick Patterns Lesson with Example Guide
Dark Cloud Cover Candlestick Patterns Tutorial with Examples Tutorial
Opposite of piercing candle cryptocurrency candle.
This candle is a long white body followed by a long black body.
The black body pierces the mid point of previous white body.
This is a bearish reversal bitcoin pattern which forms at the top of an up-wards cryptocurrency trend.
Dark Cloud Cover candle pattern that the btcusd market opens higher and closes below the midpoint of the white body.
Dark Cloud Cover candle-stick pattern setup highlights that the momentum of the up bitcoin trend is reducing and btcusd market bitcoin trend is likely to reverse & move in a downward bitcoin trade direction.
Dark Cloud Cover candle setup is shown known as a cloud cover signifying the cloud as a ceiling for the bitcoin price upward cryptocurrency trend.
Dark Cloud Cover Candlestick Pattern - Candlestick Patterns Tutorial with Example PDF
Morning Star Candlestick Patterns Tutorial with Examples Tutorial
Crypto Candle Patterns Tutorial with Example Guide
Evening Star Candlestick Patterns Tutorial with Examples Tutorial
Opposite of the morning star bitcoin crypto currency candlesticks pattern setup
Cryptocurrency Candle Patterns Tutorial with Bitcoin Example - Candle Guide
Crypto Candle Pattern Setups Tutorial with Examples Tutorial
Engulfing is a reversal cryptocurrency candlestick pattern setup that can be bullish or bearish depending upon whether it shows up at the end of a cryptocurrency market down btcusd crypto currency trend or at the end of a cryptocurrency market upward cryptocurrency trend.
Crypto Candlestick Patterns Lesson with Example Guide
Cryptocurrency Candle Patterns - Candle Patterns Tutorial PDF
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