Analysis of Doji Bitcoin Candle Pattern
Analysis of Doji Candle Pattern - All doji cryptocurrency candlesticks pattern formation show the indecision in the Bitcoin market this is because at top the buyers were in control and at bottom the sellers were in control but none could gain control & at close of the btcusd market the bitcoin price closed unchanged at the same bitcoin price as the opening bitcoin price.
This doji cryptocurrency candle setup shows that the overall bitcoin price movement for that particular day was zero pips or just a minimum price range of 1 to 3 pips. Reading these candles set-ups need and require very small pip(point) movement between the opening bitcoin price & closing btcusd cryptocurrency price.
What Does Doji Candlestick Mean? Doji Candle Definition
Doji is a candle setup pattern with same opening & closing bitcoin price. There are various types of doji candle patterns which form on charts.
A doji candlestick is where bitcoin price on a cryptocurrency chart for a particular time period closes almost at the same bitcoin price. Doji candlesticks look-like a cross, inverted cross or a + mathematical sign.
The following example show various patterns of the doji candlestick:
Long legged doji candle has long upper and lower shadows with opening & closing bitcoin price at the middle. When Long-legged doji appears on a BTCUSD Crypto chart it ==22==illustratesshowsillustrates--and--shows indecision between the cryptocurrency traders, buyer and the sellers(bears).
Shown Below is an example screen-shot screenshot image of the Long Legged
What's Doji Candlesticks in Bitcoin Trading? - Is a BTCUSD Doji Candlestick Bullish or Bearish?
Cross Doji
Cross doji bitcoin candle pattern has got a long lower shadow & a short upper shadow & the open & close out of the day is the same.
This candlestick setup pattern appears at market turning points and warns of a possible bitcoin trend reversal in the Bitcoin. Below is as example of this Cross doji candlestick formation
Cross Doji Crypto Currency Candle Pattern - Is a Bitcoin Doji Candle Bullish or Bearish?
Inverted Cross Doji
Inverted cross doji bitcoin candle pattern - candlesticks have a long upper shadow and a short lower shadow and the open and close is the same.
This reversal doji cryptocurrency candle setup pattern appears at market turning points and warns of a possible bitcoin trend reversal in the Bitcoin. Below is an example of this reversal doji btcusd candle pattern
Inverted Cross doji Bitcoin Candle Pattern - Is a Bitcoin Doji Candle Bullish or Bearish?
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