What Happens in Bitcoin after a Bullish Engulfing Bitcoin Candles Pattern?

Bullish Engulfing Crypto Candle Pattern

The Bullish Engulfing candle pattern is a reversal signal. It's considered bullish when it shows up at the end of a downward trend in cryptocurrency.

Bullish Engulfing BTCUSD Candles Pattern

Trade Setups Based on Bullish Engulfing Patterns in Bitcoin Candlestick Analysis

Color of the first candlestick shows bitcoin trend of the day.

The next candle must cover the prior one full. It shows opposite color to the trend.

For the Bullish Engulfing candlestick pattern to be valid, the body color of the initiating candle must be Blue (indicating bullish sentiment).

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