Evening Star Bitcoin Candlestick Pattern

Evening Star Bearish Cryptocurrency Candlestick Patterns

Morning Star Candlestick

Morning Star Candlestick

Morning Star Pattern

Morning star is a three day bullish reversal bitcoin pattern.

The first day is a long black candlestick.

The second day is a morning star that gaps away from the long black candlestick.

Third day is a long white candlestick that fills the gap.

The filling of the gap and closing of the white candlestick above the gap is a strong bullish Bitcoin signal.

Traders should open a buy bitcoin trade after market btcusd price closes above the gap formation of the morning star. This is the confirmation signal of a buy cryptocurrency signal generated by this Morning Star Candlestick pattern.

Evening Star Candlestick

Opposite of the morning star

Evening Star Candlestick

Evening Star Bitcoin Candlestick Pattern

Evening star is a three day bearish reversal bitcoin pattern.

The first day is a long white candlestick.

The second day is the evening star that gaps away from the long white candle.

Third day is a long black candlestick that fills the gap.

The filling of the gap and closing of the black candlestick below the gap is a strong bearish Bitcoin signal.

Traders should open a sell bitcoin trade once the btcusd trading market closes below the gap formation of the evening star. This is the confirmation signal of a sell cryptocurrency signal generated by this Evening star candlestick pattern.

Engulfing Pattern

Engulfing is a reversal candlestick pattern that can be bearish or bullish depending upon whether it appears at the end of a market down bitcoin trend or at the end of a market upward cryptocurrency trend.

Bullish and Bearish Engulfing Pattern

Bullish and Bearish Engulfing Patterns

The color of the first candlestick indicates the bitcoin trend of the day.

The second candlestick should completely engulf the first candlestick and it should have the opposite color.

For Bullish Engulfing the color of the candlestick should be Blue

For Bearish Engulfing the color of the candlestick should be Red