Dark Cloud Cover BTC USD Crypto Candle Pattern
Dark Cloud Bearish Candle Setups
A Piercing Line Bitcoin Candle Pattern and Dark Cloud Candle Pattern look similar but the difference is that one occurs at the top of a Bitcoin up bitcoin trend (Cloud Cover) and the other occurs at the bottom of a downwards bitcoin trend (Piercing).
Upward ==22==BTCUSDBTC/USD Crypto Trend Reversal - Dark Cloud Cover Candles
Downward BTCUSD Trend Reversal - Piercing Line ==22==CandlesticksCandles
Piercing Line Candle
Piercing line is a long black body followed by long white body stick.
White body pierces the midpoint of the prior black body.
This is a bullish reversal bitcoin pattern that forms at the bottom of a market downwards trend. It shows the bitcoin ==22==cryptocryptocurrency market opens lower and closes above the mid point of the black body.
This displays that the strength of the down bitcoin trend is reducing and btcusd market bitcoin trend is likely to reverse & move in an upward direction.
This bitcoin pattern is displayed known as a piercing line signaling the btcusd market is piercing a bottom showing a market floor for bitcoin price downward trend.
Piercing Line Candlestick
Analysis Piercing Line Candlestick
A buy cryptocurrency signal is confirmed once bitcoin price closes above neck-line - the neck-line is the opening of the candle to the left of the Piercing Line candle.
This is a bullish setup & bitcoin price should continue moving upward and for one who puts a buy bitcoin trade should also place a stop loss bitcoin order just below the lowest bitcoin price area.
Dark Cloud Candle
Opposite of piercing candle.
This candlestick is a long white body followed by a long black body.
The black body pierces the midpoint of the prior white body.
This is a bearish reversal btcusd set-up which forms at the top of an upward trend.
It shows that the btcusd market opens higher & closes below the midpoint of the white body.
This displays that the strength of the up bitcoin trend is reducing and btcusd market bitcoin trend is likely to reverse & move in a ==22==downwarddownwards direction.
This bitcoin pattern is displayed known as a cloud cover signaling the cloud as a ceiling for the bitcoin price upward trend.
Dark Cloud Candle
Analysis Dark Cloud Cover Candlestick
A sell cryptocurrency signal is confirmed once bitcoin price closes below neckline which is the opening of the candlestick on the left of this candle.
This is a bearish setup and bitcoin price should continue moving downward & for one who puts a sell bitcoin trade should also put a stop loss bitcoin order just above the highest bitcoin price area.
Learn More Tutorials & Courses:
- How Can You Make a MetaTrader 4 BTCUSD ==22==Expert--AdvisorEA in MT4 Software Platform?
- Four Types of Bitcoin Traders
- How ==22==CanDo You Analyze/Interpret a Upward Trend Signals in Trading?
- Hanging Man Bearish BTC USD Candle Patterns
- Trade on Multiple Charts Scalping Strategy
- Which is the Best Indicator for BTC USD?
