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 candle pattern setup.

First day is a long black candlestick.

Second day is a morning star which gaps away from the long black candlestick.

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

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

BTCUSD Crypto Currency 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 candle 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 candle pattern setup.

First day is a long white candlestick.

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

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

Filling of the gap & closing of the black candle below gap is a strong bearish 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 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 upward trend.

Engulfing Candle Pattern - Bitcoin Trading

Analysis of Bullish & Bearish Engulfing Candlestick Patterns

Color of the first candle demonstrates trend of the day.

The second candle should completely engulf the first candlestick and the candle-stick should have the opposite color.

For Bullish Engulfing color of the candle-stick should be BlueFor Bearish Engulfing the color of the candle-stick should be Red

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