What is an Evening Star Candlestick in Bitcoin Trading?
The Evening Star Candlestick formation represents the precise market reversal opposite to the Morning Star candle pattern for Bitcoin.
What Does Evening star Candlestick Mean? Evening star Candle Definition
What is an Evening Star Candlestick in Crypto Trading? - Overview of the Evening Star Crypto Candle Pattern.
BTCUSD Candles Pattern
Evening star candles pattern is a 3 day bearish reversal bitcoin pattern.
First day is a long white candlesticks.
The second day is the evening star which gaps away from long white candlestick.
Third day is a long black candlestick which fills the gap.
Filling of the gap and closing of the black candle below gap is a strong bearish bitcoin signal.
Traders should enter a sell Bitcoin trade when the BTCUSD market closes below the evening star pattern's gap. This close confirms the sell signal from the evening star candlestick setup.
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