Candlesticks Bitcoin Patterns

Bitcoin Doji Consolidation Pattern and Marubozu Continuation Candle in BTCUSD

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

Long Body Bitcoin Candles

Candlesticks that are long show there were many buyers or sellers, depending on what color the candlestick is.

A big shift from open to close bitcoin price signals strong buyer or seller push.

Long Blue Candlesticks - Strength of Buyers

Long Red Candles - Strength of Sellers

Candlestick Setups – BTCUSD Doji Consolidation and Marubozu Candle Patterns

Long Body Candles

Short Body Candles

Candlesticks that have short bodies mean there weren't many buyers or sellers, and the bitcoin price didn't change much between when it opened and closed.

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

Short Body Candles

Marubozu Candlestick

Marubozu candles are tall with no shadows on top or bottom. Examples appear below.

Marubozu BTCUSD Candles

Marubozu are patterns that continue and show that the bitcoin price will keep moving in the same direction as the marubozu candlestick. The marubozu can be white/blue or black/red, depending on where the trend is going.

Marubozu BTCUSD Candles

A white marubozu candlestick indicates that the opening price is also the low, while the closing price is the high.

A Marubozu means there were no retracements during that bitcoin price period. Basically, buyers had total control over the price.

The white Marubozu acts as a continuation pattern. It signals the next candle will likely keep pushing the Bitcoin trend up.

Black marubozu - the opening price is also the highest, while the closing price is the lowest.

Marubozu means prices did not pull back, and this shows that sellers were completely in control of the price of bitcoin.

The Black Marubozu is a continuation pattern, indicating that the subsequent candle is likely to persist in the same downward trend of bitcoin prices.

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