Evening Star BTCUSD 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 candle.
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 BTCUSD Candle-stick Setup
Opposite of morning star
Evening Star BTCUSD Candlestick Pattern
Evening Star BTCUSD Candle-stick Setup
Evening star candlestick is a three day bearish reversal bitcoin pattern.
First day is a long white candle.
The second day is the evening star that gaps away from long white candle.
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 candlestick 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 Candle Patterns
Colour of the first candlestick indicates bitcoin trend of the day.
The second candle should completely engulf the first candlestick & 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
