What is a Dark Cloud Cover BTCUSD Candlesticks Pattern in Bitcoin Trading?
What Does a Doji Candlestick Mean? - Doji Candlestick Meaning
Dark Cloud candle stick pattern is the Opposite of piercing candle cryptocurrency candlesticks pattern formation.
This candlestick candles setup is a long white body followed by a long black body.
The black body pierces the midpoint of the previous white body.
Dark Cloud Cover candlesticks setup is a bearish reversal bitcoin setup which forms at the top of an upward trend.
Dark Cloud candles setup shows that the btcusd market opens higher & closes below the mid point of the white body.
Dark Cloud Cover candlesticks setup shows that the power of the up bitcoin trend is reducing/decreasing and btcusd market bitcoin trend is likely to reverse & move in a ==22==downwarddownwards direction.
Dark Cloud Cover candlesticks pattern formation is shown known as a cloud cover signaling the cloud as a ceiling for bitcoin price upward trend.
Dark Cloud Crypto Candle Pattern
Analysis Dark Cloud Candle Pattern - Candlesticks Pattern
A sell cryptocurrency signal is confirmed once bitcoin price closes below the neck-line - the neck line is the opening of the candle to the left Dark Cloud Cover ==22==candlestickcandle.
Dark Cloud Candle is a bearish candlesticks pattern formation & bitcoin price should continue moving downward & for one who puts a sell bitcoin trade should put a stop loss bitcoin order just above the highest bitcoin price area.
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