LIVE
Berita Crypto
--
THE CRYPTO SECRET THAT ONLY A FEW PEOPLE KNOW AND THEY ARE PROFITTING!
THIS
#news_update Probably the first time someone posts unfiltered CRYPTO market information! You will learn a lot here (for sure).
THE CRYPTO SECRET THAT ONLY A FEW PEOPLE KNOW AND THEY PROFIT FROM!
Composing possible candlestick formations before they form is essential for a better understanding of the price movement of a token. It gives a trader the opportunity to better prepare for possible scenarios that may occur. In this way, a trader can have a bigger position in the market. The first step in reading candlestick formations is, identifying the key levels where most of the candlesticks are clustered whether they are near support or resistance. Next, understand the reason behind the formation of these clusters as it is very important for candlestick anticipation. Most of the reasons for the formation are due to increased demand or supply being loaded. Therefore, once the candlesticks in each time frame are formed for the day, you can identify the high and low prices. Most candlestick formations in minute or hourly time frames can have 2-3 bearish candlesticks and more bullish candlesticks if they are close to their support and vice versa if they are close to their resistance. When the candlesticks close, you can then formulate that since bullish candlesticks have formed consecutively, you can expect bearish candlesticks to form to take the imbalance from the high and low of the daily trading range. This is just an example and you can continue to review other candlestick formations in the same time frame or varying time frames.
THE CRYPTO SECRET THAT ONLY A FEW PEOPLE KNOW AND THEY PROFIT FROM!
Composing possible candlestick formations before they form is essential for a better understanding of the price movement of a token. It gives a trader the opportunity to better prepare for possible scenarios that may occur. In this way, a trader can have a bigger position in the market. The first step in reading candlestick formations is, identifying the key levels where most of the candlesticks are clustered whether they are near support or resistance. Next, understand the reason behind the formation of these clusters as it is very important for candlestick anticipation. Most of the reasons for the formation are due to increased demand or supply being loaded. Therefore, once the candlesticks in each time frame are formed for the day, you can identify the high and low prices. Most candlestick formations in minute or hourly time frames can have 2-3 bearish candlesticks and more bullish candlesticks if they are close to their support and vice versa if they are close to their resistance. When the candlesticks close, you can then formulate that since bullish candlesticks have formed consecutively, you can expect bearish candlesticks to form to take the imbalance from the high and low of the daily trading range. This is just an example and you can continue to review other candlestick formations in the same time frame or varying time frames.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
1
0
Replies 0