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Candle Bitcoin Crypto Currency Chart Analysis

Top 10 Candles Pattern Setups in Bitcoin Trading and their Analysis:

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Shown Below is a beginners tutorial on how to read & analyze btcusd crypto currency candlestick patterns:

Doji MetaTrader 4 BTCUSD Candle-stick Setup Recognition BTCUSD Guide

This is a cryptocurrency candles pattern with same opening and closing bitcoin price. There are various types of doji cryptocurrency candlesticks setup that form on charts.

The following example show various patterns of the doji cryptocurrency candlestick:

Long-legged doji cryptocurrency candles pattern has long upper & lower shadows with opening and closing bitcoin price at the middle. When Long legged doji appears on a cryptocurrency chart it signals indecisiveness between cryptocurrency traders, the buyers & the sellers.

Shown Below is an example screenshot of the Long Legged Doji bitcoin candle pattern

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Marubozu MetaTrader 4 Bitcoin Charts Described Bitcoin Guide

Marubozu cryptocurrency candles pattern setup are long candles which have no upper or lower shadows, Like the ones displayed & illustrated below.

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Marubozu cryptocurrency candlesticks pattern setup are continuing cryptocurrency candle patterns that show bitcoin price is going to continue in the same direction as that of marubozu cryptocurrency candlestick. The marubozu cryptocurrency candlesticks pattern can be white/blue or Black/red depending on the direction of the cryptocurrency trend.

Spinning Top Candlesticks MetaTrader 4 Bitcoin Charts Described Bitcoin Trading Course

Spinning tops cryptocurrency candles pattern have a small body with long upper & lower shadows. These spinning top bitcoin candles are referred to by this term because these candles formations are similar to spinning top on a match-stick.

The upper and lower shadows of the spinning top candlesticks pattern setup are longer than the body. Example illustrated below illustrates the spinning top candles pattern. You can look for the pattern in your MT4 Bitcoin Platform cryptocurrency charts. The example shown below shows a screen-shot to help traders when it comes to learning & understanding these cryptocurrency candles pattern setup.

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Spinning Top MT4 Bitcoin Charts Described Bitcoin Trading Tutorial

Colour of spinning top candlestick candlesticks pattern setup is not important, this formation shows indecision between buyers and the sellers in Bitcoin Trading market. When these bitcoin crypto patterns appear at the top of a btcusd crypto currency trend or at the bottom of the btcusd crypto currency trend it may signal that the bitcoin trend is coming to an end and it may soon reverse and start moving in the opposite direction. However, it is best to wait for confirmation bitcoin signals that direction of a bitcoin trend has reversed before taking the signal from the cryptocurrency candles pattern formation.

Hammer BTCUSD Candlestick Pattern & Hanging Man BTCUSD Candle MT4 Bitcoin Candlestick Setup Recognition Bitcoin Trading Tutorial

Hammer BTCUSD Crypto Currency Candlestick Pattern and Hanging Man BTCUSD Crypto Currency Candlestick Pattern candles look alike but hammer is bullish reversal candles pattern setup & hanging man is a bearish reversal candlesticks pattern setup.

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Hammer Candlestick MetaTrader 4 Bitcoin Charts Described Bitcoin Trading Tutorial

Hammer candles pattern is a potentially bullish cryptocurrency candle set-up which occurs during a downward cryptocurrency trend. It's named so because the bitcoin crypto market is hammering a bottom.

Hanging Man Candle MetaTrader 4 Bitcoin Charts Described Bitcoin Trading Tutorial

This hanging man cryptocurrency candles pattern is a potentially bearish bitcoin reversal cryptocurrency signal which forms during a upward cryptocurrency trend. It is named so because it resembles a man hanging on a noose up high.

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Inverted Hammer Candle-stick MT4 Bitcoin Charts Described Bitcoin Guide

This is a bullish reversal cryptocurrency candlesticks pattern setup. It occurs at the bottom of a trend.

Inverted hammer cryptocurrency candles setup occurs at the bottom of a down bitcoin trend and signals the possibility of reversal of the downward cryptocurrency trend.

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Shooting Star Candlestick MetaTrader 4 Bitcoin Charts Described Bitcoin Trading Tutorial

Shooting Star is a bearish reversal cryptocurrency candlesticks pattern. It occurs at the top of a cryptocurrency market trend.

Shooting Star candles setup occur at the top of an up-trend in the btcusd market where the open bitcoin price is same as the low & bitcoin price then rallied up but was forced back down to close near the open.

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Piercing Line Candlestick MetaTrader 4 Bitcoin Charts Described Bitcoin Trade Lesson

Piercing line candle set-up is a long black body followed by a long white body candles.

White body pierces the mid point of the prior black body.

This Piercing Line cryptocurrency candles pattern setup is a bullish reversal cryptocurrency candles pattern that forms at the bottom of a market downward cryptocurrency trend. It shows that the btcusd crypto market opens lower and closes above the mid point of the black body.

This Piercing Line cryptocurrency candles setup highlights that momentum of the down bitcoin trend is reducing and btcusd market bitcoin trend is likely to reverse & move in an upward direction.

This Piercing Line cryptocurrency candles pattern setup is displayed known as a piercing line signifying the btcusd market is piercing the bottom illustrating a market floor for bitcoin price downwards cryptocurrency trend.

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Dark Cloud Cover Candlestick MetaTrader 4 Bitcoin Charts Described Bitcoin Trade Lesson

Opposite of the piercing candle cryptocurrency candle.

This candle is a long white body followed by a long black body.

The black body pierces the midpoint of the previous white body.

This is a bearish reversal btcusd crypto currency set-up which forms at the top of an upward cryptocurrency trend.

Dark Cloud cryptocurrency candles setup highlights that btcusd market opens higher & closes below the midpoint of the white body.

Dark Cloud cryptocurrency candles setup highlights that the momentum of the up bitcoin trend is reducing and btcusd market bitcoin trend is likely to reverse & move in a down ward bitcoin trading direction.

Dark Cloud cryptocurrency candles pattern setup is shown known as a cloud cover signifying the cloud as a ceiling for bitcoin price upward cryptocurrency trend.

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Morning Star Candlestick MT4 Bitcoin Candlestick Setup Recognition Bitcoin Trading Tutorial

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Evening Star Candlestick MT4 Bitcoin Charts Described Bitcoin Trading Tutorial

Opposite of morning star btcusd crypto currency candlesticks pattern setup

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Engulfing is a reversal cryptocurrency candlesticks pattern which can be bearish or bullish depending upon whether it shows up at the end of a cryptocurrency market down btcusd crypto currency trend or at the end of a crypto market upwards crypto trend.

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