Evening Star BTC/USD Crypto Candle Pattern
Evening Star Bearish Candle Setups
Morning Star BTCUSD Candle-stick Setup
Morning Star Bitcoin Candlestick Pattern
Morning Star Bitcoin Candlestick Setup
Morning star candlestick is a three day bullish reversal bitcoin pattern.
The first day is a long black stick.
The second day is a morning star which gaps away from the long black candlesticks.
Third day is a long white candlestick which fills the gap.
Filling of the gap & closing of the white candlestick above the gap is a strong bullish Bitcoin signal.
Traders should open a buy bitcoin trade after market bitcoin price closes above the gap formation of morning star candle stick setup. This is the confirmation signal of a buy cryptocurrency signal generated by this Morning Star Candlestick pattern.
Evening Star Bitcoin Crypto Candle Setup
Opposite of morning star
Evening Star Bitcoin Crypto Currency Candlestick Pattern
Evening Star Bitcoin Crypto Currency Candlestick Setup
Evening star candlestick is a three day bearish reversal bitcoin pattern.
First day is a long white stick.
The second day is the evening star that gaps away from the long white stick.
Third day is a long black candlestick which fills the gap.
Filling of the gap and closing of the black candle below the gap is a strong bearish Bitcoin signal.
Traders should open a sell bitcoin trade once the btcusd market closes below the gap formation of the evening star candlestick pattern. This is the confirmation signal of a sell cryptocurrency signal generated by this Evening star candle setup.
Engulfing Pattern
Engulfing is a reversal candle setup 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 & Bearish Engulfing Pattern
Bullish and Bearish Engulfing Candlestick Patterns
Color of the first candlestick indicates btcusd crypto trend of the day.
The second candlestick should completely engulf the first candlestick and it should have the opposite color.
For Bullish Engulfing colour of the candle should be Blue
For Bearish Engulfing colour of the candlestick should be Red
More Lessons and Topics:
- Types of BTC USD Trade Apps
- BTC USD Market Execution BTC USD Order vs Pending BTC/USD Order
- How Do I Trade BTC USD & Place Stop Loss BTC USD Order & Take Profit BTC USD Order on MetaTrader 5 Platform?
- How Do I Analyze Setting up MetaTrader 4 Online BTC USD Software Platform?
- Types of BTC USD Strategies
- How to Open MetaTrader 4 BTCUSD Demo Practice Account