Reversal Cryptocurrency Candlestick Patterns - Spinning Tops Bitcoin Candlestick Pattern

Spinning Tops Candles Pattern

Spinning tops candlesticks pattern have a small body with long upper & lower shadows. These spinning top candles pattern are referred by this name because these candlestick patterns are similar to spinning top spinning on a matchstick.

The upper and lower shadows of the spinning tops candlesticks patternare longer than the body. The example illustrated below shows the spinning tops candles pattern. You can look for the spinning tops candlesticks pattern in your MT4 cryptocurrency charts. The example illustrated below shows a screenshot to help bitcoin traders when it comes to learning and understanding these spinning tops candlesticks pattern formations.

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The color of the spinning tops candlesticks pattern is not very important, this formation show indecision between the buyers and sellers in the Bitcoin Trading market. When these spinning tops candlesticks patterns 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 may soon reverse and begin going the other direction. However, it is best to wait for confirmation bitcoin trading signals that the direction of a bitcoin trend has reversed before trading the trading signal from this spinning top candlesticks pattern formation.

Spinning Top Candle Reversal Patterns Formations on bitcoin Charts

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

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

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

The spinning tops candlesticks pattern neck line is:

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

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

Spinning Top Candlesticks Pattern on a Chart - Spinning Tops Cryptocurrency Candlestick Patterns - Spinning Tops Consolidation Cryptocurrency Candlesticks Pattern - Reversal Cryptocurrency Candlestick Patterns

The color 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.