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What happens after a bearish Marubozu candle in Bitcoin trading?

A Bearish Marubozu candlestick setup is when a candle shows the opening bitcoin price is also the highest bitcoin price, and the closing bitcoin price is also the lowest bitcoin trading price. Marubozu candlestick patterns mean there were no price changes in the other direction, so the sellers were completely in charge of the bitcoin trading price.

A bearish Marubozu candlesticks setup is a continuation pattern, so the next candlestick will likely keep going in the same downward bitcoin trend.

Hence, after a bearish Marubozu candlestick the bitcoin price on a chart should continue heading downward in direction of the downward trend.

Bearish Marubozu Bitcoin Candles and Key BTCUSD Setups

Marubozu Bitcoin Candlestick Formations - What Follows a Bearish Marubozu Candle in Bitcoin Trading?

Place a buy stop above a price consolidation area.

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