Bitcoin Trading Strategies using Bitcoin Price Action Patterns with Moving Averages Bitcoin Price Action Patterns Indicator

One of the bitcoin trading strategies using bitcoin trading price action patterns is use of Pin Bar. A pin bar is a reversal bitcoin price action trading setup on a cryptocurrency chart which shows an obvious change in btcusd market sentiment during that period.

This pin bar bitcoin price action trading strategy is a candlestick that has a long tail with the closing bitcoin price near the open.

The pin bar candle bitcoin price action setup looks like a pin thus the name Pin Bar - forms after an extended trend move up or down.

How to Trade Crypto Price Action Pattern with Moving Averages Bitcoin Price Action Patterns Indicator

Pin bar pattern bitcoin price action reversal cryptocurrency signal is confirmed after bitcoin price closes below the candle that precedes this bitcoin price action setup.

The crypto pin bar bitcoin price action pattern example illustrated below is confirmed after the bitcoin price closes below the blue candlestick that preceded this bitcoin price action pin bar setup.

How to Trade Crypto Price Action Pattern with Moving Averages Crypto Price Action Patterns Indicator

Combining Pin Bar Crypto Price Action Pattern with Moving Averages:

Pin bar bitcoin price action reversal set up can be combined with other bitcoin price action patterns technical indicators which can be used together with this bitcoin price action reversal set-up to generate buy or sell cryptocurrency trades.

Combining Pin Bar Crypto Price Action Pattern with Moving Averages Crypto Technical Indicator