How Many Candlesticks Pattern Setups are There in Bitcoin Trading?
Top 10 Candles Patterns on Bitcoin & their Analysis:
How Do You Read Japanese BTCUSD Crypto Candles Patterns? - How to Read and Interpret Japanese BTCUSD Candles Pattern Setups - Trading Bitcoin Study Candles?
Shown Below is a beginners tutorial on how to read & analyze btcusd crypto candle patterns:
Doji BTCUSD Crypto Candles Patterns
This is a cryptocurrency candlesticks pattern formation with same opening & closing bitcoin price. There are various types of doji cryptocurrency candlesticks setup which form on charts.
The following example show various patterns of the doji cryptocurrency candle:
Long-legged doji cryptocurrency candlesticks pattern has long upper and lower shadows with opening & closing bitcoin price at the middle. When Long legged doji appears on a Bitcoin chart it demonstrates and shows the indecision between cryptocurrency traders, the buyers(bulls) & the sellers(bears).
Shown Below is an example screen-shot screen shot of the Long Legged Doji bitcoin candle-sticks pattern formation
Doji Crypto Pattern - Doji Bitcoin Candles Patterns
Doji Crypto Currency Pattern - Doji BTCUSD Candles Patterns
Marubozu Bitcoin Candles Patterns
Marubozu crypto currency candlesticks pattern formation are long candle-sticks which have no upper or lower shadows, Like the ones displayed ==22==& shown below.
Marubozu Bitcoin Candlestick Setups
Marubozu crypto currency candlesticks pattern formation are continuing cryptocurrency candle patterns that show bitcoin price is going to continue in the same direction as that of marubozu cryptocurrency trading candlestick. The marubozu crypto candlesticks pattern can be white/blue or black/red depending on the direction of the cryptocurrency trend.
Spinning Top Candlesticks Bitcoin Candlesticks Patterns
Spinning tops crypto candlesticks pattern formation have small body with long upper and lower shadows. These spinning top btcusd bitcoin candlesticks are referred to and known by this term because these candles formations and setups are similar to spinning top on a match-stick.
The upper and lower shadows of the spinning top candlesticks pattern are longer than the body. Example illustrated below shows the spinning top candlesticks pattern. You can look for the pattern on your ==22==MetaTrader--4 Bitcoin Platform/Software cryptocurrency charts. The example illustrated below shows a screen-shot to help traders when it comes to studying & understanding these cryptocurrency candlesticks pattern formation.
Spinning Top Bitcoin Candlesticks Patterns
Color of spinning top candle candles pattern formation isn't important, this formation shows indecision between buyers & the sellers(bears) in Bitcoin market. When these btcusd crypto currency patterns appear at the top of a bitcoin trend or at the bottom of the bitcoin cryptocurrency trend it may signal ==22==that the bitcoin trend is coming to an end and it may soon reverse & start moving in the opposite trend direction. However, it's best to wait for confirmation bitcoin btcusd signals that direction of a instrument has reversed before taking the trading signal from this cryptocurrency candlesticks pattern formation.
Hammer Bitcoin Candle Pattern and Hanging Man Bitcoin BTCUSD Candle Patterns
Hammer Bitcoin Candle Pattern and Hanging Man Bitcoin Candle Pattern candles look similar but hammer is bullish reversal candle-sticks pattern formation and hanging man is a bearish reversal candlesticks pattern formation.
Crypto Candles Patterns
Hammer BTCUSD Candle Setups
Hammer candlesticks pattern is a potentially bullish cryptocurrency candle set-up which occurs and forms during a downward cryptocurrency trend. ==22==It--isIt'sIt--is named so because the btcusd cryptocurrency market is hammering out a bottom.
Hanging Man BTCUSD Candle Patterns
This hanging man crypto currency candlesticks pattern is a potentially bearish bitcoin trading reversal cryptocurrency signal which forms during a upward cryptocurrency trend. It is named & called so because it resembles a man dangling on a noose up high.
Crypto Candles Patterns
Inverted Hammer BTCUSD Candle Setups
This is a bullish reversal cryptocurrency candlesticks pattern formation. It occurs at the bottom of a trend.
Inverted hammer candlesticks setup occurs at the bottom of a down bitcoin trend & shows possibility of a reversal of the downward cryptocurrency trend.
BTCUSD Candle Patterns
Shooting Star BTC/USD Crypto Candle Setups
Shooting Star is a bearish reversal cryptocurrency candlesticks pattern. It forms at the top of a cryptocurrency market trend.
Shooting Star candlesticks setup occur and forms 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 pushed back down to close near the opening.
Shooting Star Candlestick - Candles Patterns
Piercing Line BTCUSD Candle Patterns
Piercing line candle-stick pattern formation is a long black body then followed by long white body candlestick.
White body pierces the mid point of the prior black body.
This Piercing Line cryptocurrency candlesticks pattern formation is a bullish reversal cryptocurrency candlesticks pattern that forms at the bottom of a market downward cryptocurrency trend. It shows the bitcoin ==22==cryptocryptocurrency market opens lower & closes above the midpoint of the black body.
This Piercing Line cryptocurrency candlesticks setup shows that energy of the down bitcoin trend is reducing/decreasing and btcusd market bitcoin trend is likely to reverse and move in an upwards direction.
This Piercing Line cryptocurrency candlesticks pattern formation is displayed known as a piercing line signifying and signaling the btcusd market is piercing a bottom showing a market floor for bitcoin price downwards cryptocurrency trend.
Crypto Candles Patterns
Dark Cloud BTC USD Crypto Candle Setups
Opposite of piercing candle-stick crypto candle.
This candlestick is a long white body followed by a long black body.
The black body pierces the mid point of the prior white body.
This is a bearish reversal btcusd ==22==set-upsetup which forms at the top of an upwards crypto trend.
Dark Cloud candlesticks setup shows that btcusd market opens higher and closes below the mid point of the white body.
Dark Cloud Cover candle-sticks setup shows that the strength of the up bitcoin trend is reducing and btcusd market bitcoin trend is likely to reverse and move in a downward bitcoin trade direction.
Dark Cloud candle-sticks pattern formation is shown known as a cloud cover signifying and signaling the cloud as a ceiling for bitcoin price upward cryptocurrency trend.
Dark Cloud Candle Pattern
Morning Star BTCUSD Candle Setups
Morning Star Candle - Candles Patterns
Evening Star Bitcoin ==22==CryptoCryptoCurrency Candle Setups
Opposite of the morning star btcusd crypto candlesticks pattern formation
Crypto Candles Patterns
BTCUSD Candle Setups
Engulfing is a reversal crypto candlesticks pattern that can be bullish or bearish depending upon whether it displays up at the end of a cryptocurrency market down btcusd trend or at the end of a crypto market upwards crypto trend.
Crypto Candles Patterns
Crypto Currency Candle Patterns - Candle Patterns Tutorial Guide
Get More Courses & Tutorials:
- Cent BTC USD Cent Account Brokers
- What Type of BTCUSD Style is Best for You?
- How to Download BTC USD MT4 App Explained
- How Can You Set BTC USD Buy Orders in MT5 BTC USD Charts?
- How ==22==CanDo You Analyze/Interpret Technical BTC USD Patterns Described?
- How Can You Identify a Double Tops Pattern in Bitcoin Trading?
- Where Do I Study How to Use MT4 Trading Software?
- MT5 MACD BTC/USD Technical Indicator for ==22==MetaTrader--5 BTC USD Trading Software
- How Can You Use Fibonacci Pullback on Platform?
- How to Calculate Bitcoin Mini Lot Size in BTC USD for Mini BTC USD Account