Candlesticks Bitcoin Patterns

Bitcoin Doji Consolidation BTC USD ==22==CryptoCryptoCurrency Candle Pattern and Bitcoin Marubozu Continuation Bitcoin Candle Pattern

Depending on the size & shape of a Crypto candle it's possible to measure the power of buyers/sellers. Likewise it's also possible to figure out the under-lying weakness of the buyers & sellers.

Long Body Bitcoin Candles

Candles with long bodies show that there were a lot of buyers or sellers, depending on the color of the candlestick.

When bitcoin price makes a big move from the opening bitcoin price to the closing bitcoin price it shows the momentum of buyers/sellers.

Long Blue Candlesticks - Strength of Buyers

Long Red Candles - Strength of Sellers

Candlestick Chart Setups - Doji Consolidation BTCUSD Candle Pattern and Marubozu BTCUSD Candle Pattern

Long Body Candles

Short Body Candles

Candlesticks with short bodies show that there were not so many buyers/sellers and the bitcoin price did not move much from the opening bitcoin price to the closing bitcoin price.

These show that the buyers or sellers weren't very strong.

Short Body Candles

Marubozu Candlestick

Marubozu are long candlesticks that have no upper or lower shadows, Like the ones displayed ==22==& shown below.

Marubozu BTCUSD Candles

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

Marubozu BTCUSD Candles

White marubozu - the open is also the low & the close also is the high.

Marubozu means that there were no retracements during that bitcoin price period and ==22==thereforehence shows that buyers were in total control of the bitcoin price.

White Marubozu is a continuation pattern meaning that the next candle is likely to continue in same upwards bitcoin trend direction.

Black marubozu - the open is also the high and the close is also low.

Marubozu means that there were no retracements & therefore shows that the sellers were in total control of the bitcoin price.

Black Marubozu is a continuation pattern meaning that the next candle is likely to continue in same downwards bitcoin trend direction.

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