Bullish CryptoCurrency Candle Patterns and Bearish CryptoCurrency Candle Patterns

Hanging Man Bearish CryptoCurrency Candle Setups

Reversal ==22==candlecandlestick patterns occur after an extended prior trend. Therefore, for a candle setup to qualify as a reversal bitcoin setup there must be a prior trend.

The reversal candle patterns are:

Hammer Bitcoin Candle Pattern and Hanging Man Crypto Currency Candle Pattern
Inverted Hammer Bitcoin Candle Pattern and Shooting Star Candle Pattern
Piercing Line BTCUSD Candle Pattern and Dark Cloud Candle Pattern
Morning Star Candles and Evening Star Candles
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 ==22==and hanging man is a bearish reversal bitcoin pattern.

Reversal Candle Bitcoin Patterns: Hammer Bitcoin Candle Setup and Hanging Man Candle 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. ==22==It--isIt'sIt--is called and named so because the btcusd cryptocurrency market is hammering out a bottom.

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

Hammer Candle

Analysis of the Hammer BTCUSD Candles Pattern

The buy cryptocurrency signal gets to be confirmed when a candle closes above the opening bitcoin price of the candle onto the left side of the hammer candle setup.

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

Hanging Man Candle

This bitcoin pattern is a potentially bearish reversal ==22==cryptocurrencycrypto signal which forms during a upward cryptocurrency trend. It is named so because it looks like a man dangling on a noose up high.

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 placed a few pips just above the high of the hanging man candle.

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