Morning Star Bitcoin Candlestick, Evening Star Bitcoin Candlestick and Engulfing Pattern Bitcoin Candlestick

Morning Star Bitcoin Candle

Morning Star Candle - Bitcoin Trading

Analysis of Morning Star Candlestick Pattern

Morning star candlestick pattern is a three day bullish reversal candlestick pattern setup.

First day is a long black candlestick.

Second day is a morning star that gaps away from long black candle.

Third day is a long white candle which fills the gap.

Filling of the gap and closing of the white candlestick above the trading gap is a strong bullish trading signal.

Bitcoin traders should open a buy trade after market price closes above the gap - formation of the morning star candlestick pattern. This is the confirmation trading signal of the buy trading signal generated by this morning star candle-stick pattern.

Evening Star Bitcoin Candle

Evening star candlestick is the opposite of the morning star candlestick.

Evening Star Candlestick - Bitcoin Trading

Analysis of Evening Star Bitcoin Candlestick Pattern

Evening star candlestick is a three day bearish reversal candlestick pattern setup.

First day is a long white candle.

The second day is the evening star which gaps away from long white candlestick.

Third day is a long black candle stick which fills the gap.

Filling of the gap and closing of the black candle below gap is a strong bearish trading signal.

Bitcoin traders should open a sell trade once the market prices close below the trading gap formation of the evening star candlestick pattern. This is the confirmation trading signal of a sell signal generated by this evening star candle-stick pattern setup.

Engulfing Candlestick Pattern

Engulfing candlestick pattern setup is a reversal candlestick pattern which can be bearish or bullish depending upon whether it appears at the end of a market downward trend or at the end of a market upwards trend.