What is a Hanging Man BTCUSD Candles Pattern in Bitcoin Trading?
What Does Hanging Man Candle Mean? - Hanging Man Candle Definition
Hanging Man cryptocurrency candlesticks pattern is a potentially bearish reversal ==22==cryptocurrencycrypto signal which forms during a upwards trend. ==22==It--isIt'sIt--is named so because it resembles and looks like a man dangling on a noose up high.
A hanging man candlestick has:
- A small body
- The body is at the top
- Lower shadow is two or three times length of real body.
- Has no upper shadow or very small upper shadow if present.
- The colour of the body isn't important
What is a Hanging Man Candle in Bitcoin Trading? - Hanging Man Bitcoin Candle Pattern
BTCUSD Candle Pattern
The sell cryptocurrency signal gets to be confirmed when a bearish candlestick closes below the open of the candle on left side of this hanging man bitcoin candle-stick pattern formation.
Stop orders should be placed a few pips just above the high of the hanging man candlestick.
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