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Dark Cloud Cover BTC USD Crypto Candle Pattern

Dark Cloud Bearish Candle Setups

A Piercing Line Bitcoin Candle Pattern and Dark Cloud Candle Pattern seem alike, but one happens when a Bitcoin trend is going up (Cloud Cover), while the other happens when a bitcoin trend is going down (Piercing).

Upward BTC USD Crypto Trend Reversal - Dark Cloud Cover Candles

Downward BTCUSD Trend Reversal - Piercing Line Candlesticks

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 bullish Bitcoin reversal forms at a downtrend's end. The market opens low but closes above the black body's middle.

This indicates that the strength of the downward bitcoin trend is diminishing, and the btcusd market trend for bitcoin is likely to reverse and move upward.

This bitcoin pattern is known as a piercing line, which means the btcusd market is hitting a low point, showing the lowest the bitcoin price will go.

Piercing Line Candles Pattern Course - Piercing Line Candle Setup

Piercing Line Candlestick

Analysis Piercing Line Candlestick

A buy signal for cryptocurrency is finalized when the Bitcoin price concludes its movement above the neck-line, which corresponds to the opening price of the candle immediately preceding the Piercing Line candle.

This looks good for buying, and the price of bitcoin should keep going up, and anyone buying bitcoin should also set a stop-loss order just below the lowest bitcoin price point.

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 suggests that the opening price for the BTCUSD pair was higher, but the closing price settled below the midpoint of the central white body section.

This displays that the strength of the up bitcoin trend is reducing and btcusd market bitcoin trend is likely to reverse & move in a downward direction.

This bitcoin pattern is displayed known as a cloud cover signaling the cloud as a ceiling for the bitcoin price upward trend.

Piercing Line BTCUSD Candle-stick Setup

Dark Cloud Candle

Analysis Dark Cloud Cover Candlestick

A sell signal is verified after the bitcoin price goes under the neckline, which is the candlestick's opening on the left of that candle.

This bearish bitcoin setup means price keeps dropping. For a sell trade, set a stop loss above the top price point.

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