Reversal Crypto Currency Candle Patterns - Spinning Tops Bitcoin Candle Pattern

Spinning Tops Candlesticks Pattern

Spinning tops candlesticks pattern have small body with a long upper and lower shadows. These spinning top candlesticks pattern are referred by this name because these candle patterns are similar to spinning top spinning on a match-stick.

The upper & lower shadows of the spinning tops candlesticks patternare longer than the body. The example shown below shows the spinning tops candlesticks pattern. You can look for the spinning tops candlesticks pattern setup formation in your MetaTrader 4 charts. The example illustrated below shows a screenshot to help bitcoin traders when it comes to learning and understanding these spinning tops candlesticks pattern setups.

Spinning Tops Consolidation Bitcoin Candlesticks Pattern - Spinning Tops Consolidation BTCUSD Candlestick Setup

How Do I Read Candle Bitcoin Charts Pattern - Spinning Tops CryptoCurrency Candle Pattern - How to Trade Spinning Tops Candlesticks Patterns - How to Analyze and Analyze Spinning Tops Candlesticks Pattern

The color of the spinning tops candlesticks pattern isn't very important, this formation show indecision between the buyers and sellers in the Bitcoin market. When these spinning tops candlesticks set-ups appear at the top of a bitcoin trend or at the bottom of the bitcoin trend it might signal that the bitcoin trend is coming to an end & it might soon reverse and begin going in the other direction. However, it's best to wait for confirmation bitcoin btcusd signals that the direction of a bitcoin trend has turned and reversed before trading the trade signal from this spinning top candlesticks pattern setup formation formation.

Spinning Top Candle Reversal Patterns Formations on bitcoin Charts

At the top of an upwards Bitcoin trend a black/red spinning top candle pattern setup shows that a bitcoin trend reversal is more likely than when the color is white/blue.

At the bottom of a Bitcoin downwards bitcoin trend a white/blue spinning top candle pattern highlights that a bitcoin trend reversal is more likely than when the color is black/red.

This spinning top candle pattern reversal crypto currency signal is confirmed when the next candle that forms after the spinning tops candlestick pattern setup formation closes below the neckline of the spinning tops candlestick pattern for a downward bitcoin trend reversal crypto currency signal confirmation, and closes above the neckline of the spinning tops candle pattern for a reversal crypto currency signal in a bitcoin downwards trading trend.

The spinning tops candlesticks pattern setup formation neck line is:

For an Upwards Bitcoin Trend - The open of the previous candlestick which was plotted just before spinning top candle pattern.
For a Downwards Bitcoin Trend - The open of the previous candle which was plotted just before spinning top candle pattern

Shown Below is an example of this Japanese candlestick charting methods where this spinning tops candlesticks pattern setup has formed & how to trade it. On the cryptocurrency chart below when the bitcoin price moved above the neckline the bitcoin trend reversal crypto currency signal given by the spinning tops candle setup was confirmed and this was a good point to exit the short sell bitcoin trade.

How Do You Trade Spinning Tops Candle-sticks Patterns? - Spinning Tops Consolidation BTCUSD Candles Setup

Spinning Top Candles Pattern on a Chart - Spinning Tops Crypto Candle Pattern Setups - Spinning Tops Consolidation Crypto Currency Candles Pattern - Reversal Crypto Currency Candle Pattern Setups

The colour of the spinning tops candle pattern formed is blue therefore meaning that a bitcoin reversal was more likely as opposed to if the color of the spinning tops candlestick pattern had been red.

More Guides & Courses:

Trade Bitcoin Trading

Reversal Crypto Currency Candle Patterns - Spinning Tops Bitcoin Candle Pattern

Spinning Tops Candlesticks Pattern