Crypto Candles Guide

Candles Patterns Guide for Day Trading

To draw these crypto candlesticks on the MT4, choose the charts drawing tools within the "MT4 Toolbar" - shown below.

To view this toolbar on MetaTrader 4 navigate to 'View' Next to file at the tops left corner of MT4 Platform, Click 'View', Then Click 'Tool bars', Then check 'Charts' Button. Above tool bar will appear.

Once the above toolbar, appears you can then select the type you want to convert to, If you want to trade using the bar cryptocurrency charts, click the bar tool button as shown above, for line crypto charts click the line tool button, for Japanese candlesticks patterns format click the "candlesticks bitcoin chart tools button".

Crypto Candles Guide

Doji Crypto Candlesticks Guide

This is a cryptocurrency candlestick pattern with same opening and closing bitcoin trading price. There are various types of doji cryptocurrency candles pattern which form on Crypto charts.

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

Long-legged doji cryptocurrency candlestick pattern has long upper and lower shadows with the opening & closing bitcoin price at the middle. When the Long-legged doji pops up on a Bitcoin chart it indicates indecision between cryptocurrency traders, buyers and the sellers.

Shown Below is an example screen shot image of the Long Legged Doji bitcoin candles pattern

Doji Cryptocurrency Chart Pattern - Doji Crypto Candlesticks Tutorial

Doji Cryptocurrency Chart Pattern - Doji Crypto Candlesticks Tutorial

Marubozu Crypto Candlesticks Tutorial

Marubozu cryptocurrency candle pattern are long candlesticks which have no upper or lower shadows, Like the ones displayed and shown below.

Marubozu Crypto Candlesticks Tutorial

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

Spinning Tops Candlesticks Crypto Candlesticks Tutorial

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

The upper and lower shadows of the spinning tops cryptocurrency candles pattern are longer than the body. The example illustrated below shows the spinning tops cryptocurrency candle pattern. You can look for the pattern on your MT4 Bitcoin Trading Platform cryptocurrency charts. The example illustrated below shows a screenshot to help traders when it comes to learning and understanding these cryptocurrency candle pattern.

Spinning Top Crypto Candlesticks Tutorial

The color of the spinning tops candlestick cryptocurrency candlesticks pattern isn't very important, this pattern show indecision between the buyers & sellers in Bitcoin Trading market. When these btcusd chart patterns 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 may soon reverse and begin going the other direction. However, it is best to wait for confirmation bitcoin trading signals that the direction of a crypto instrument has reversed before trading the signal from this cryptocurrency candlestick pattern formation.

Hammer Bitcoin Candlestick Pattern and Hanging Man Bitcoin Crypto Candlesticks Tutorial

Hammer Bitcoin Candlestick Pattern and Hanging Man Bitcoin Candle Pattern candlesticks look alike but hammer is bullish reversal cryptocurrency candle-stick pattern & hanging man is a bearish reversal cryptocurrency candle pattern.

Crypto Candlesticks Tutorial

Hammer Crypto Candlesticks Tutorial

Hammer cryptocurrency candlestick pattern is a potentially bullish cryptocurrency candle pattern which occurs during a crypto downward cryptocurrency trend. It is named so because the btcusd trading market is hammering out a market bottom.

Hanging Man Crypto Candlesticks Tutorial

This hanging man cryptocurrency candlestick pattern is a potentially bearish bitcoin trading reversal cryptocurrency signal which forms during a crypto upward cryptocurrency trend. It's named so because it looks like a man hanging on a noose up high.

Cryptocurrency Candlesticks Tutorial

Inverted Hammer Crypto Candlesticks Tutorial

This is a bullish reversal cryptocurrency candle pattern. It occurs at the bottom of a Crypto trend.

Inverted hammer cryptocurrency candlestick pattern occurs at the bottoms of a down bitcoin trend and indicates the possibility of reversal of the downward cryptocurrency trend.

Cryptocurrency Candlesticks Tutorial

Shooting Star Crypto Candlesticks Tutorial

Shooting Star is a bearish reversal cryptocurrency candlestick pattern. It forms at the tops of a cryptocurrency market trend.

Shooting Star cryptocurrency candlestick pattern form at the top of an up cryptocurrency trend in the btcusd market where the open bitcoin price is the same as the low & bitcoin price then rallied up but was pushed back downward to close near the open.

Shooting Star Candlestick - Crypto Candlesticks Tutorial

Piercing Line Crypto Candlesticks Tutorial

Piercing line candlestick pattern is a long black body followed by a long white body candle.

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

This Piercing Line cryptocurrency candle pattern is a bullish reversal cryptocurrency candle pattern that forms at the bottom of a market downward cryptocurrency trend. It shows that the btcusd trading market opens lower & closes above the midpoint of the black body.

This Piercing Line cryptocurrency candlestick pattern shows that the momentum of the down bitcoin trend is reducing & btcusd trading market bitcoin trend is likely to reverse & move in an upwards direction.

This Piercing Line cryptocurrency candlestick pattern is displayed referred to as a piercing line signifying the btcusd market is piercing the bottoms showing a market floor for the bitcoin trading price downwards cryptocurrency trend.

Cryptocurrency Candlesticks Tutorial

Dark Cloud Cover Crypto Candlesticks Tutorial

Opposite of piercing candle-stick cryptocurrency candlestick.

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

Black body pierces the mid point of the prior white body.

This is a bearish reversal bitcoin pattern which forms at the tops of an upwards cryptocurrency trend.

Dark Cloud cover cryptocurrency candle pattern that the btcusd trading market opens higher & closes below the midpoint of the white body.

Dark Cloud cover cryptocurrency candle-stick pattern shows that the momentum of the up bitcoin trend is reducing & btcusd trading market bitcoin trend is likely to reverse & move in a downwards bitcoin trading direction.

Dark Cloud cover cryptocurrency candle-stick pattern is shown known as a cloud cover signifying the cloud as a ceiling for the bitcoin trading price upwards cryptocurrency trend.

Dark Cloud Cover Cryptocurrency Candlestick Pattern - Crypto Candlesticks Tutorial

Morning Star Crypto Candlesticks Tutorial

Cryptocurrency Candlesticks Tutorial

Evening Star Crypto Candlesticks Tutorial

Opposite of the morning star bitcoin candles pattern

Crypto Candlesticks Guide - Candlestick Guide

Cryptocurrency Candlesticks Tutorial

Engulfing is a reversal cryptocurrency candlestick pattern that can be bearish or bullish depending upon whether it appears at the end of a cryptocurrency market down bitcoin trend or at the end of a cryptocurrency market upwards cryptocurrency trend.

Cryptocurrency Candlesticks Tutorial

Drawing Crypto Candlesticks in MT4 - Candlesticks Patterns Guide for Day Trading