THIS may be the first time when someone will post CRYPTO market information without any filter! You'd learn a lot here (for sure).
CRYPTO SECRETS ONLY A FEW KNOW ABOUT AND THEY'RE MAKING PROFIT!
Formulating possible candlestick formation before they form is essential to better understanding of the price action of a token. This provides a chance for a trader to further prepare for the possible scenario that can occur. In this way, a trader can have greater positions within the market. First step to doing the candlestick formation reading is, identify the key levels where most of the candlesticks cluster whether they are close to their support or the resistance. Next, understand the reason for this cluster formation as it's crucial to the anticipation of the candlesticks. Most reason for the formation are due to the demand increasing or supplies being loaded. Thus, once the candlesticks in every timeframe is formed for the day, you can identify the high and low price. Most of the candlesticks' formation in minutes or hours timeframe can have 2-3 bearish candlesticks and more bullish candlesticks if they're close to their support and vice versa if they're close to their resistance. As the candlesticks close, you can then formulate that since the bullish candlesticks has been consecutively formed, you can expect bearish candlestick/s to form in order to take the imbalances of the highs and lows of the daily trading range. This is just an example and you can keep on reviewing other candlestick formations within the same timeframe or varying timeframes.
There's this one secret that everyone needs to know in order to fully understand the market, may it be the phase, sentiments and other factors.
Only a handful knows this secret, most of the whales wait for the formation of altcoins to be fully realized before creating another big movement for BTC. I'll give you an example. Token A and Token B are currently moving downwards with a confirmation of an inverse head and shoulders pattern. Meanwhile Token C and D are currently in their unconfirmed inverse head and shoulders pattern with the left shoulder and head being created while the right shoulder is still on its way. Knowing this, whales will continue to patiently observe and await while the trading price for BTC is ranging, may it be hourly, daily or any timeframe. After Token C and D's inverse head and shoulders pattern has been formed, whales will then process a position in BTC with the intention of making a large move for it. In this example, it would be a long position for a rally to happen as the altcoins have formed inverse head and shoulders pattern. Other scenario also exists, if you have noticed this, you can also comment your experience.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.