Trading Cryptocurrency Identify BTCUSD Candles Patterns
The list of bitcoin Candles patterns which traders should learn & know are:
List of BTCUSD Candles Setups
Shown Below is a beginners guide on how to read & interpret bitcoin candles patterns:
Doji Trading Identify Bitcoin Candlesticks Setups
This is a candle-sticks setup with same opening and closing bitcoin price. There are various types of doji crypto candles pattern that form on Cryptocurrency charts.
The following example show various patterns of the doji candlestick:
Long-legged doji cryptocurrency candles pattern has long upper & lower shadows with the opening and closing bitcoin price at the middle. When Long legged doji pops up on Bitcoin chart it demonstrates indecision between traders, the buyers & the sellers.
Shown Below is an example screen-shot screenshot image of the Long Legged Doji bitcoin candle-sticks setup
Doji Pattern - Doji Trading Cryptocurrency Identify BTCUSD Crypto Candles Patterns?
Doji Pattern - Doji Trading Cryptocurrency Identify Bitcoin Crypto Currency Candles Patterns?
Marubozu Trading Cryptocurrency Identify BTCUSD Candles Setups
Marubozu candle-sticks setup are long candles which have no upper or lower shadows, Like the ones displayed & shown below.
Marubozu Trading Cryptocurrency Identify BTCUSD Candles Patterns?
Marubozu candle-sticks setup are continuing cryptocurrency candle-stick patterns which show bitcoin price is going to continue in same direction as that of marubozu candlestick. The marubozu crypto candles pattern can be white/blue or Black/red depending on the direction of the trend.
Spinning Tops Candles Trading Cryptocurrency Identify BTCUSD Candles Setups
Spinning tops candle-sticks setup have a small body with long upper & lower shadows. These spinning top bitcoin crypto candlesticks patterns are referred to by this name because these candles arrangements are similar to spinning top on a match-stick.
The upper and lower shadows of the spinning top cryptocurrency candles setup are longer than the body. The example illustrated below shows the spinning top candles pattern. You can look for the pattern in your MetaTrader 4 Bitcoin Crypto Currency Platform charts. The example shown below shows a screen-shot to help traders when it comes to studying & understanding these candle-sticks setup.
Spinning Top Trading Cryptocurrency Identify Bitcoin Candlesticks Patterns?
The colour of spinning top candle cryptocurrency candle-sticks setup isn't important, this pattern shows the indecision between buyers and the sellers in Bitcoin Crypto Currency market. When these btcusd patterns appear at the top of a bitcoin trend or at the bottom of bitcoin trend it may signal that the bitcoin trend is coming to an end & it may soon reverse & begin moving the opposite trend direction. However, it is best to wait for confirmation bitcoin signals that direction of a crypto instrument has reversed before taking the signal from the candle-sticks setup formation.
Hammer Bitcoin Candlestick Pattern & Hanging Man Bitcoin Candlestick Trading Cryptocurrency Identify Bitcoin Candlesticks Setups
Hammer Bitcoin Crypto Candlestick Pattern & Hanging Man BTCUSD Crypto Candlestick Pattern candles look alike but hammer is bullish reversal cryptocurrency candle-sticks setup & hanging man is a bearish reversal cryptocurrency candle-sticks setup.
Trading Identify Cryptocurrency Candles Patterns?
Hammer Candle Trading Cryptocurrency Identify BTCUSD Candles Setups
Hammer candles setup is a potentially bullish candle setup pattern which occurs during a crypto downward trend. It is named so because the bitcoin crypto market is hammering out a bottom.
Hanging Man Candlestick Trading Identify Bitcoin Candle Sticks Setups
This hanging man cryptocurrency candles pattern is a potentially bearish bitcoin reversal cryptocurrency signal which forms during a crypto upward trend. It's named so because it looks like a man hanging on a noose up high.
Trading Identify Crypto Candles Patterns?
Inverted Hammer Candle Trading Identify BTCUSD Crypto Candles Setups
This is a bullish reversal candle-sticks setup. It forms at the bottom of a Cryptocurrency trend.
Inverted hammer candle-sticks setup occurs at the bottoms of a down bitcoin trend and indicates possibility of reversal of the downward trend.
Trading Cryptocurrency Identify BTCUSD Candles Patterns?
Shooting Star Candle Trading Cryptocurrency Identify BTCUSD Candles Setups
Shooting Star is a bearish reversal candle-sticks setup. It forms at the top of price trend.
Shooting Star candle-sticks setup occur at the top of an up trend in the btcusd market where the open bitcoin price is the same as the low and bitcoin price then rallied up but was pushed back downward to close near the open.
Shooting Star Candle - Trading Identify Crypto Candlesticks Patterns?
Piercing Line Candlestick Trading Identify Bitcoin Candlesticks Setups
Piercing line candle-stick 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 candle-sticks setup is a bullish reversal candlesticks pattern that forms at the bottom of a market downward trend. It shows that the btcusd cryptocurrency market opens lower & closes above the mid point of the black body.
This Piercing Line candle-sticks setup displays that the momentum of the down bitcoin trend is reducing & btcusd market bitcoin trend is likely to reverse and move in an upwards direction.
This Piercing Line candles pattern is displayed known as a piercing line signifying the btcusd market is piercing the bottom illustrating a market floor for the bitcoin price downward trend.
Trading Identify Cryptocurrency Candles Patterns?
Dark Cloud Cover Candlestick Trading Identify Bitcoin Crypto Currency Candles Setups
Opposite of piercing candle candlestick.
This candlestick is a long white body followed by a long black body.
Black body pierces the midpoint of the prior white body.
This is a bearish reversal btcusd crypto setup pattern which forms at the top of an upwards trend.
Dark Cloud candle-sticks setup displays that btcusd market opens higher & closes below the midpoint of the white body.
Dark Cloud candle-sticks setup displays that the momentum of the up bitcoin trend is reducing & btcusd market bitcoin trend is likely to reverse and move in a downward bitcoin trade direction.
Dark Cloud candle-sticks setup is depicted referred to as a cloud cover signifying the cloud as a ceiling for the bitcoin price upward trend.
Dark Cloud Cover Candle Pattern - Trading Cryptocurrency Identify Bitcoin Candlesticks Patterns?
Morning Star Candlestick Trading Identify Bitcoin Crypto Currency Candles Setups
Trading Identify Cryptocurrency Candles Patterns?
Evening Star Candlestick Trading Identify Bitcoin Crypto Candles Setups
Opposite of morning star bitcoin candle-sticks setup
Trading Identify Crypto Candles Patterns?
Trading Identify Bitcoin Candlesticks Setups
Engulfing is a reversal candlesticks pattern which can be bearish or bullish depending upon whether it appears at the end of a market down btcusd crypto trend or at the end of a market upward trend.
Trading Identify Crypto Candles Patterns?
Cryptocurrency Candlestick Patterns - Cryptocurrency Candlestick Patterns Guide
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