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Reversal Candle Setups - Inverted Hammer Bitcoin Candlestick Pattern

Reversal Candles BTCUSD Chart Patterns: Bullish Candles Patterns & Bearish Bitcoin Candlesticks Pattern Setups

Inverted Hammer BTCUSD Candlesticks Pattern and Shooting Star Bitcoin Crypto Currency Candlesticks Pattern candles look similar. These candlesticks have a long upper shadow and a short body at the bottom. Their fill colour does not matter. What matters is the point at where they appear whether at the top of a trend (star) or bottom of price trend (hammer).

The difference is that inverted hammer candlesticks pattern is a bullish reversal candle pattern while shooting star candlesticks setup is a bearish reversal candle setup.

Upward Bitcoin Crypto Currency Trend Reversal - Shooting Star Candles Pattern

Downward Bitcoin Crypto Currency Trend Reversal - Inverted Hammer Candles pattern

Inverted Hammer Bearish Bitcoin Candlesticks Setup - Inverted Hammer Bearish BTCUSD Candlestick Pattern

Inverted Hammer BTCUSD Candlesticks Pattern and Shooting Star Bitcoin Candle Setup Bitcoin Chart Pattern Setups

Inverted Hammer BTCUSD Candle-sticks Pattern

Inverted Hammer Candle Setup is a bullish reversal candlesticks pattern setup. It forms at the bottom of a trend.

Inverted hammer candlesticks pattern setup occurs at the bottoms of a down bitcoin trend & indicates possibility of a reversal of the downwards trend.

How to Trade Inverted Hammer BTCUSD Candle-stick Setups - Inverted Hammer Bearish BTCUSD Crypto Candlesticks Setup

Inverted Hammer Candle Setups - How to Trade Inverted Hammer BTCUSD Candlesticks Pattern Setups - How to Analyze Inverted Hammer BTCUSD Candle-sticks Pattern

Analysis of Inverted Hammer Bitcoin Crypto Candlestick Pattern

A buy is confirmed when a candlestick closes above the neck-line of the inverted hammer candlestick pattern, this is the opening bitcoin price of the candlestick on the left side of this inverted hammer candlestick pattern. The neck-line in this case is a resistance level.

Stop loss orders for the buy trades should be set a couple of pips below the lowest bitcoin price on the recent low of this inverted hammer candlesticks pattern setup.

An inverted hammer is named so because it shows that the bitcoin crypto market is hammering a bottom.

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