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Bitcoin Reversal Candlestick Pattern Setups - Focusing on the Hanging Man Bitcoin Candlestick Pattern

Hanging Man Bitcoin Candles Pattern

The Hanging Man Bitcoin Candlesticks Pattern might mean the price of crypto currency will go down, and it shows up when Bitcoin is going up. It's called the Hanging Man Candlesticks Pattern because it looks like a man hanging from a rope up high.

A hanging man cryptocurrency candlesticks setup has:

  • A small body
  • The body is at the top
  • Lower shadow is two or three times length of real body.
  • Has no upper shadow or has a very small upper shadow if present.
  • The color of the body isn't important

Hanging Man Bearish Candle on Bitcoin - BTCUSD Hanging Man Pattern

How to Trade Bitcoin with Hanging Man Candlesticks - Studying Bitcoin Hanging Man Candlesticks to Understand Bitcoin Trades

Bitcoin Analysis of Hanging Man Bitcoin Candles Patterns

A sell signal for crypto confirms when a bearish candle closes under the open of the prior candle in a hanging man pattern.

Stop Loss orders should be set a few pips just above the high point of the hanging man cryptocurrency candlestick pattern formation.

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