Unlocking predictive cryptocurrency trade secrets with candlesticks
The world of cryptocurrency trading is known for its high risk and at high salary. Given the wide range of cryptocurrencies, decision-making will be difficult. However, a powerful tool is hidden in a visible place – the candlestick.
Chandelier graphics have been the basics of technical analysis for centuries and are still an important part of the cryptocurrency trade. In this article, we are going to go to the world of candlesticks and explore how to use them to predict the price movement in cryptocurrency.
What are the candlesticks?
The models of candlesticks are graphic representations of the price movement which show active openings during the period of the period, high, low and narrow prices. These models can be used to identify trends, identify speeds and provide future price movements. The most common candlestick model is
Hawk -ky (also known as
Optimist exciting ).
** How the candles work
Chandelier models work by analyzing the price series over time. Here’s how it works:
- Price action : The investor opens an account and buys / sells a cryptocurrency.
- Price movement : The price of the cryptocurrency increases or goes from the start price to the fence price.
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Opening the candlestick : An investor observes a closed candle and the highest price is higher than the low price.
- Candlesticks High : The Haussier model is formed when the investor sees two higher (or lower) consecutive after closing the candle.
- Hawk-Débesis Cup : The Hawk-Deby coup is identified as a sign of potential price.
Candlestick models to use cryptocurrencies
In order to make predictions, it is important to identify and analyze the good types of candlestick models in the trading of cryptocurrencies. Here are some popular:
* Haussiers fascinates : Haussier model formed when the lower base is closed above the top.
* Beary engagement : an article Beary which is formed when the highest is higher.
* Star of shooting : an inverted model Beary, where the price falls to the lowest point before bounced.
* Hammer : Haussier reverse model, where the price drops, then increases without too much resistance.
Tips to identify the candlestick models
To accurately anticipate price movements using a candlestick:
- Pay attention to trends
: In the past few days or weeks, look for coherent trends and turns.
- Identify the main levels
: Use key levels such as support and resistance to manage your commercial decisions.
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Use several deadlines : Analyze different calendars to have a better idea of market activity.
- Practical, practice, practice : Develop your skills by practicing with a counterfeit account or a demonstration account.
Conclusion
Chandelier models are an invaluable tool in the cryptocurrency trade, providing information in movement and possible speed. Using models of candlesticks, investors can increase their ability to make profitable transactions. Before risking real capital, do not forget to always practice with false money or a demonstration account.
Warning : This article is only for information purposes and should not be considered an investment in advice. The cryptocurrency trade is associated with a significant risk and it is important to carry out meticulous research before making decisions and consulting experts.
