Reversal Cryptocurrency Candle Pattern Setups - Spinning Tops Bitcoin Candlestick Pattern

Spinning Tops Candles Pattern

Spinning tops candlesticks pattern have a small body with long upper and lower shadows. These spinning top candles pattern are referred by this name because these candlestick patterns are similar to spinning top spinning on a match-stick.

The upper & lower shadows of the spinning tops candlesticks patternare longer than the body. The example illustrated below shows the spinning tops candlesticks pattern. You can look for the spinning tops candlesticks pattern setup in your MT4 charts. The example illustrated below shows a screenshot to help bitcoin traders when it comes to learning and understanding these spinning tops candlesticks pattern setups.

Spinning Tops Consolidation Bitcoin Candlesticks Pattern - Spinning Tops Consolidation BTCUSD Candlestick Setup

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The color of the spinning tops candlesticks pattern isn't very important, this formation show indecision between the buyers and sellers in the Bitcoin market. When these spinning tops candlesticks set-ups appear at the top of a bitcoin trend or at the bottom of the bitcoin trend it might signal that the bitcoin trend is coming to an end & it might soon reverse and begin going in the other direction. However, it is best to wait for confirmation bitcoin signals that the direction of a bitcoin trend has reversed before trading the signal from this spinning top candlesticks pattern setup formation.

Spinning Top Candle Reversal Patterns Formations on bitcoin Charts

At the top of an upwards Bitcoin trend a black/red spinning top candlestick pattern setup highlights that a bitcoin trend reversal is more likely than when the color is white/blue.

At the bottom of a Bitcoin downwards bitcoin trend a white/blue spinning top candlestick pattern highlights that a bitcoin trend reversal is more likely than when the color is black/red.

This spinning top candlestick pattern reversal cryptocurrency signal is confirmed when the next candlestick that forms after the spinning tops candlestick pattern setup closes below the neckline of the spinning tops candlestick pattern for a downward bitcoin trend reversal cryptocurrency signal confirmation, and closes above the neckline of the spinning tops candlestick pattern for a reversal cryptocurrency signal in a bitcoin down-wards trading trend.

The spinning tops candlesticks pattern setup neck line is:

For an Upwards Bitcoin Trend - The open of the previous candlestick which was plotted just before spinning top candlestick pattern.
For a Downwards Bitcoin Trend - The open of the previous candlestick which was plotted just before spinning top candlestick pattern

Shown Below is an example of this Japanese candlestick charting techniques where this spinning tops candlesticks pattern setup has formed and how to trade it. On the cryptocurrency chart below when the bitcoin price moved above the neckline the bitcoin trend reversal cryptocurrency signal given by the spinning tops candlestick setup was confirmed and this was a good point to exit the short sell bitcoin trade.

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The colour of the spinning tops candle pattern formed is blue therefore meaning that a bitcoin reversal was more likely as opposed to if the color of the spinning tops candlestick pattern had been red.

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Reversal Cryptocurrency Candle Pattern Setups - Spinning Tops Bitcoin Candlestick Pattern

Spinning Tops Candles Pattern