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Bullish CryptoCurrency Candle Patterns and Bearish CryptoCurrency Candle Patterns

Hanging Man Bearish CryptoCurrency Candle Setups

Reversal candlestick patterns follow a long trend. For a Bitcoin reversal, a clear prior trend must exist.

The reversal candle patterns are:

  1. Hammer Bitcoin Candle Pattern and Hanging Man Crypto Currency Candle Pattern
  2. Inverted Hammer Bitcoin Candle Pattern and Shooting Star Candle Pattern
  3. Piercing Line BTCUSD Candle Pattern and Dark Cloud Candle Pattern
  4. Morning Star Candles and Evening Star Candles
  5. Engulfing BTCUSD Candles Patterns

Hammer Bitcoin Candle Pattern and Hanging Man Bitcoin Candlestick

Hammer Bitcoin Candle Pattern and Hanging Man Bitcoin Crypto Currency Candle Pattern candles look similar but hammer is a bullish reversal bitcoin pattern and hanging man is a bearish reversal bitcoin crypto pattern.

Reversal Candle Bitcoin Patterns: Hammer Bitcoin Candle Setup and Hanging Man Candlestick Pattern candles

Hammer Bitcoin Candle Pattern and Hanging Man Bitcoin Candle Pattern

Hammer Candle

Hammer is a potentially bullish setup which occurs and forms during a downward cryptocurrency trend. It's called and named so because the btcusd cryptocurrency market is hammering a market bottom.

A hammer has:

  • A small body
  • The body is at the top
  • The lower shadow is 2 or three times length of real body.
  • Has no upper shadow or very small upper shadow if present.
  • The color of the body isn't important

Hanging Man BTCUSD Candle Pattern - Hanging Man Bearish BTCUSD Candlestick Setups

Hammer Candle

Analysis of the Hammer BTCUSD Candles Pattern

The buy signal confirms when a candle closes above the open of the candle before the hammer.

Stop orders should be placed a few pips just below the low of the hammer candlestick.

Hanging Man Candle

This bitcoin pattern signals a possible bearish turn in crypto. It forms in an uptrend and looks like a hanging man.

A hanging man candlestick has:

  • A small body
  • The body is at the top
  • The lower shadow is two or three times length of real body.
  • Has no upper shadow or very small upper shadow if present.
  • The color of the body isn't important

hanging man reversal candle BTCUSDcurrency Chart patterns

Hanging Man Candle

Analysis of Hanging Man BTCUSD Candles

The sell cryptocurrency signal gets to be confirmed when a bearish candlestick closes below the open of the candle on left side of this hanging man candle setup.

Stop orders should be positioned a few pips just above the high of the hanging man candle.

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