Bullish Candle Setups and Bearish Candlestick Setups

Shooting Star Bearish Candle Setups

Inverted Hammer Bitcoin Candle Pattern and Shooting Star Bitcoin Candle Setup candlesticks look similar. These candles have a long upper shadow and a short body at the bottom. Their fill colour doesn't 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 btcusd crypto trend (hammer).

Difference is that inverted hammer is a bullish price reversal bitcoin setup while shooting star is a bearish market reversal bitcoin pattern.

Upward BTC/USD Crypto Trend Reversal - Shooting Star Candlesticks

Downward BTC/USD CryptoCurrency Trend Reversal - Inverted Hammer Candles

Inverted Hammer Bitcoin Candle Pattern and Shooting Star Crypto Candlestick Setup

Inverted Hammer Bitcoin Candle Pattern and Shooting Star Bitcoin Candle Setup Bitcoin Setup Setups

Inverted Hammer Bitcoin Candlestick

This is a bullish market reversal candle setup. It occurs at the bottom of a Bitcoin trend.

Inverted hammer forms at the bottoms of a down bitcoin trend and reflects possibility of a reversal of the downward Bitcoin trend.

Shooting Star Bearish BTCUSD Candle Setups - Shooting Star BTC/USD Crypto Candle Setup Explained

Inverted Hammer BTCUSD Trading Candle

Analysis of the Inverted Hammer BTCUSD CryptoCurrency Candle

A buy is completed when a candle closes above the neckline, this is opening of the candlestick onto the left side of the setup. The neckline in this case is a resistance area.

Stop orders for the buy trade positions should be set a few pips below the lowest bitcoin crypto price on the most recent low.

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

Shooting Star Candlestick

This is a bearish market reversal candlestick pattern. It occurs at the top of a market trend.

It occurs at the top of an up bitcoin trend where the open bitcoin price is the same as the low & bitcoin price then rallied upwards but was pushed back downwards to close near the open.

Shooting Star Candle Bitcoin Pattern - Shooting Star Bearish BTC/USD Crypto Candle Patterns

Shooting Star Candle

Analysis of Shooting Star Candle-stick

A sell is completed when a candle closes below the neckline, this is opening of the candlestick onto the left side of this pattern. The neckline in this case is a support zone.

Stop orders for the sell trades should be placed just a few pips above the highest bitcoin price on the recent high.

The Shooting Star candle is named so because at the top of an upward market bitcoin trend this cryptocurrency candle pattern resembles a shooting star up high in the sky.

Learn More Topics and Tutorials: