Reversal Crypto Candle-sticks Chart Patterns - Inverted Hammer Bullish Candles Pattern Setups

Reversal Candles Patterns: Bullish Cryptocurrency Candles Setups and Bearish BTCUSD Candles Pattern Setups

Reversal candlesticks set-ups occur after an extended prior trend. Hence, for a candles pattern to qualify as a reversal bitcoin candles setup there must be a prior trend.

These reversal bitcoin crypto currency candlesticks patterns are:

Hammer Candles Pattern & Hanging Man Bitcoin Candlesticks Pattern
Inverted Hammer Candles Pattern and Shooting Star Bitcoin Candlesticks Pattern
Piercing Line Candlesticks Pattern & Dark Cloud Cover Bitcoin Candlesticks Pattern
Morning Star Crypto Candlesticks and Evening Star Crypto Candlesticks
Engulfing BTCUSD Crypto Candles Patterns

Hammer Crypto Candlesticks Pattern & Hanging Man BTCUSD Candles Pattern Crypto Candlesticks

Hammer Candles Pattern & Hanging Man Bitcoin Candlesticks Pattern bitcoin candles look alike but hammer is bullish reversal bitcoin candles pattern and hanging man is a bearish reversal bitcoin candlesticks pattern.

Reversal Crypto Candlestick Chart Setups: Hammer Bitcoin Candlesticks Pattern

Hammer Crypto Candlesticks Pattern & Hanging Man BTCUSD Candles Pattern Crypto Candles

Hammer BTCUSD Candles Pattern Setups

Hammer is a potentially bullish pattern setup that forms during a bitcoin downward trend. It's named so because the bitcoin crypto market is hammering a bottom.

A hammer has:

A small body
The body is at the top
The lower shadow is two or three times length of real body.
Has no upper shadow or very small upper shadow if present.
The colour of the body is not important

Hammer crypto candlesticks reversal cryptocurrency Chart patterns - Hammer Bullish Reversal BTCUSD Candlestick Chart Setups

Hammer Crypto Candles

Bitcoin Analysis of Hammer Bitcoin Candlesticks Pattern Setups

The buy cryptocurrency signal is confirmed when a crypto candlesticks closes above the opening bitcoin price of the crypto candles on the left side of the hammer cryptocurrency candles pattern setup.

Stop orders should be place a few pips just below the low of the hammer candlestick.

Reversal Candles Patterns: Bullish Crypto Candles Setups & Bearish BTCUSD Candles Pattern Setups

Inverted Hammer Candles Pattern and Shooting Star Bitcoin Candlesticks Pattern crypto candlesticks look similar. These candlesticks have a long upper shadow & a short body at the bottom. Their fill colour does not matter. What matters is the point at where they appear whether at the top of a market btcusd crypto trend (star) or the bottom of a market bitcoin crypto currency trend (hammer).

Difference is that inverted hammer is a bullish reversal candlesticks pattern while shooting star is a bearish reversal candlesticks pattern setup.

Upward BTCUSD Crypto Trend Reversal - Shooting Star Candles

Downward BTCUSD Crypto Trend Reversal - Inverted Hammer Candlesticks

Reversal Crypto Candle-sticks Chart Patterns: Inverted Hammer Bitcoin Candlestick Setup

Inverted Hammer Candles Pattern and Shooting Star Bitcoin Candlesticks Pattern Crypto Candle-sticks Chart Pattern Setups

Inverted Hammer Crypto Candlestick

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

Inverted hammer occurs at the bottom of a downward bitcoin trend & indicates possibility of a reversal of the downward trend.

Inverted Hammer Crypto Candlestick - Hammer Bullish Reversal Candlestick Chart Patterns

Inverted Hammer Crypto Candlestick

Bitcoin Analysis of Inverted Hammer Crypto Candlestick

A buy is confirmed when a crypto candlesticks closes above the neckline, this is the opening of the crypto candlesticks on the left side of this pattern. The neckline in this case is a resistance area.

Stop orders for the buy trades should be set a couple of pips below the lowest bitcoin crypto currency price on the recent low.

An inverted hammer is named so because it shows that the btcusd cryptocurrency market is hammering out a bottom.

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