THIS may be the first time anyone has published information about the CRYPTO market without any filter! You will learn a lot here (for sure).
CRYPTO SECRETS THAT ONLY A FEW KNOW AND THEY MAKE MONEY!
Formulating possible candlestick patterns before they form is important for better understanding the price action of a token. This allows the trader to further prepare for a possible scenario that may arise. This way, the trader can have larger positions in the market. The first step to reading candlestick patterns is to identify key levels where most of the candles cluster, either close to their support or resistance. Next, understand the reason for this clustering, as this is critical to expecting the candles. The main reason for the formation is an increase in demand or a load of supply. So, when the candles in each timeframe are formed for the day, you can identify the high and low prices. Most candlestick patterns in minutes or hours can have 2-3 bearish candles and more bullish candles if they are close to their support, and vice versa if they are close to their resistance. When the candles close, you can formulate that since bullish candles are forming in succession, you can expect bearish candles to form to offset the imbalance between the high and low prices of the daily trading range.This is just an example, and you can continue to view other candlestick formations on the same time frame or on different time frames.
There is one secret that everyone needs to know to fully understand the market, be it phase, sentiment, and other factors.
Only a few people know this secret, most whales wait for the altcoin formation to fully materialize before creating another big move for BTC. I’ll give you an example. Token A and Token B are currently moving down with a confirmed inverse head and shoulders formation. Meanwhile, Token C and D are currently in their unconfirmed inverse head and shoulders formation where the left shoulder and head are forming while the right shoulder is still in progress. Knowing this, whales will continue to patiently watch and wait for the BTC trading price to fluctuate, be it hourly, daily or any timeframe. After the formation of the inverse head and shoulders formation of Token C and D, whales will take a position in BTC with the intention of making a big move for it. In this example, it will be a long position for the rally as the altcoins have formed an inverse head and shoulders formation. Another scenario also exists, if you have noticed it, you can also comment on your experience.
These posts are intended for educational purposes. To guide people who may still be struggling in the crypto market, those who are new to this environment and volatility, and anyone else who needs it.
Be wise, trade carefully.
