How Do you Identify a Cryptocurrency Candlestick Pattern?
Candlestick patterns have different formation which can be identified using the study of crypto candle-sticks from various online candlesticks patterns PDF tutorials as well as crypto candles Described bitcoin trading courses.
Cryptocurrency Candles Discussed
These Candles Pattern Setups Explained below will help you as a trader to learn how to identify these candlesticks patterns & learn how to trade with them.
Doji Bitcoin Candles Pattern Setups
This is a cryptocurrency candles pattern setup with same opening & closing bitcoin price. There are various types of doji cryptocurrency candles setup which form on charts.
The following example show various patterns of the doji crypto candlestick:
Long-legged doji cryptocurrency candles pattern has long upper & lower shadows with opening & closing bitcoin price at the middle. When Long-legged doji appears on a BTCUSD Crypto Currency chart it illustrates indecision between the crypto traders, buyers and the sellers.
Shown Below is an example screenshot screen shot of the Long Legged Doji btcusd crypto currency candlesticks pattern setup
Doji Crypto Pattern - Doji Bitcoin Candles Pattern Setups
Doji Crypto Pattern - Doji Bitcoin Candles Pattern Setups
Marubozu Bitcoin Candles Pattern Setups
Marubozu cryptocurrency candles pattern setup are long candlesticks which have no upper or lower shadows, Like the ones displayed & illustrated below.
Marubozu Bitcoin Candles Pattern Setups
Marubozu cryptocurrency candlesticks pattern setup are continuing candlestick 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 market trend.
Spinning Tops Candles BTCUSD Candlesticks Pattern Setups
Spinning tops candlesticks pattern setup have a small body with long upper & 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 crypto candles pattern are longer than the body. Example illustrated below shows the spinning tops candlesticks pattern. You can look for the pattern on your MT4 Bitcoin Platform charts. The example illustrated below shows a screen-shot to help traders when it comes to learning and understanding these candlesticks pattern setup.
Spinning Top Bitcoin Candles Pattern Setups
Colour of spinning tops candlestick cryptocurrency candlesticks pattern setup is not very important, this formation explain the indecision between the buyers and sellers in Bitcoin market. When these bitcoin crypto patterns appear at the top of a btcusd crypto currency trend or at the bottom of the btcusd crypto currency trend it might signal that the btcusd crypto currency trend is coming to an end & it might soon reverse and begin 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 the candlesticks pattern formation.
Hammer BTCUSD Candle Pattern and Hanging Man BTCUSD Bitcoin Candles Pattern Setups
Hammer BTCUSD Crypto Currency Candlestick Pattern & Hanging Man BTCUSD Crypto Currency Candlestick Pattern candlesticks look alike but hammer is bullish reversal cryptocurrency candlesticks pattern setup and hanging man is a bearish reversal cryptocurrency candles pattern setup.
Crypto Candles Pattern Setups
Hammer Bitcoin Candles Pattern Setups
Hammer candles pattern is a potentially bullish candlestick set-up which occurs during a downward trend. It's named so because the bitcoin crypto market is hammering a bottom.
Hanging Man Bitcoin Candles Pattern Setups
This hanging man cryptocurrency candlesticks pattern is a potentially bearish bitcoin trading reversal cryptocurrency signal which forms during a upwards trend. It is named so because it resembles a man hanging on a noose up high.
Crypto Candles Pattern Setups
Inverted Hammer Bitcoin Candles Pattern Setups
This is a bullish reversal cryptocurrency candlesticks pattern setup. It occurs at the bottom of a trend.
Inverted hammer cryptocurrency candles setup occurs at the bottom of a down bitcoin trend and indicates possibility of a reversal of the downwards trend.
BTCUSD Candlesticks Pattern Setups
Shooting Star BTC/USD Crypto Candlesticks Pattern Setups
Shooting Star is a bearish reversal crypto candles pattern. It forms at the top of a crypto market trend.
Shooting Star candles setup 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 Candle-stick - Candlesticks Pattern Setups
Piercing Line BTCUSD Candlesticks Pattern Setups
Piercing line candlestick set-up is a long black body followed by a long white body candles.
White body pierces the midpoint of the prior black body.
This Piercing Line candlesticks pattern is a bullish reversal cryptocurrency candles pattern that forms at the bottom of a market downwards trend. It shows that the btcusd crypto market opens lower and closes above the midpoint of the black body.
This Piercing Line candlesticks setup highlights that momentum of the down bitcoin trend is reducing and btcusd market bitcoin trend is likely to reverse and move in an upwards direction.
This Piercing Line candles pattern setup is displayed known as a piercing line signifying the btcusd market is piercing a bottom illustrating a market floor for bitcoin price downwards trend.
Crypto Candles Pattern Setups
Dark Cloud Cover BTC USD Crypto Candlesticks Pattern Setups
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 the prior white body.
This is a bearish reversal bitcoin setup which forms at the top of an upwards trend.
Dark Cloud candles setup highlights that btcusd market opens higher & closes below the midpoint of the white body.
Dark Cloud candles setup highlights that the momentum of the up bitcoin trend is reducing and btcusd market bitcoin trend is likely to reverse and move in a down ward bitcoin trading direction.
Dark Cloud candles pattern setup is shown known as a cloud cover signifying the cloud as a ceiling for bitcoin price upwards trend.
Dark Cloud Cover Crypto Candle Pattern
Morning Star BTCUSD Candlesticks Pattern Setups
Crypto Candles Pattern Setups
Evening Star Bitcoin Crypto Currency Candlesticks Pattern Setups
Opposite of morning star btcusd crypto currency candle pattern
Crypto Candles Pattern Setups
BTCUSD Candlesticks Pattern Setups
Engulfing is a reversal cryptocurrency candles pattern that can be bullish or bearish depending upon whether it shows up at the end of a cryptocurrency market down bitcoin trend or at the end of a cryptocurrency market upwards trend.
Crypto Candles Pattern Setups
Cryptocurrency Candlestick Setups - Cryptocurrency Candlestick Patterns Guide
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