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Reversal Bitcoin Candlesticks Pattern Setups - Hanging Man Bitcoin Candlestick Pattern

Hanging Man Bitcoin Candles Pattern

Hanging Man Bitcoin Candlesticks Pattern is a potentially bearish reversal cryptocurrency signal which forms during a bitcoin upwards trend. Hanging Man Candlesticks Pattern is named so because it resembles a man hanging on a noose up high.

A hanging man cryptocurrency candles setup has:

  • A small body
  • The body is at the top
  • Lower shadow is two or three times length of real body.
  • Has no upper shadow or very small upper shadow if present.
  • The colour of the body is not important

Hanging Man Bearish Bitcoin Candle Setup - Hanging Man Bearish BTCUSD Candles Setup

How to Bitcoin Trade Hanging Man Bitcoin Candlesticks Pattern Setups - Bitcoin Analysis of Hanging Man Bitcoin Candlesticks Pattern

Bitcoin Analysis of Hanging Man Bitcoin Candles Patterns

The sell cryptocurrency signal is confirmed when a bearish crypto candlesticks closes below the open of the candlesticks on the left side of this hanging man cryptocurrency candles pattern setup.

Stop loss orders should be set a few pips just above the high of the hanging man cryptocurrency candles pattern setup.

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