Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Cakra bumi212 on October 04, 2018, 07:28:20 AM
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Candlestick is one type of chart that is often used by traders in analyzing price movements
Candlestick serves to analyze technically or fundamentally, determining whether the price will rise or fall, and whether to move in the direction or reverse direction.
So what do you think if Candlestick can be used as a guideline to start Trading...?
Please for those who are experienced in Trade to share knowledge for all of us
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I don't quite understand Your question, but it seems to me that any instrument, whether candles or charts, is suitable for trading. If you're asking about is definitely the spark they, too, are different. Trading candles is an art. You can see the options for closing candles, what form they are. Watch day, 8-hour, 4-hour, hour candles. Technical analysis is available for each timeframe. If you want to trade read a little about it and start.
As an experiment, many where there are demo accounts for the initial skills-find them and practice.
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They are reference for trading, check "double bottom/top, triple bottom/top" "head and shoulders" arrangements etc.
But I would strongly advise you to check "moving average" and "rsi". I believe they're working better together.
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Candlestick is one type of chart that is often used by traders in analyzing price movements
Candlestick serves to analyze technically or fundamentally, determining whether the price will rise or fall, and whether to move in the direction or reverse direction.
So what do you think if Candlestick can be used as a guideline to start Trading...?
Please for those who are experienced in Trade to share knowledge for all of us
Sure it can. If they are green and going up, sell :D If they're going down and red, set a stop loss at 10% and sell. That's what i do.
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They are reference for trading, check "double bottom/top, triple bottom/top" "head and shoulders" arrangements etc.
But I would strongly advise you to check "moving average" and "rsi". I believe they're working better together.
A very valuable reference for us beginners in the field of trade. I am sure if we study more deeply it will certainly get satisfactory results
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Probably yes, since it dictates how the market goes on whether the demand and supply are constantly increasing or not. It also indicates whether the trading process is on the go or not which greatly affects the increase and decrease of a tijen's price that would be available. It helps a lot when you do a research.
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We can trade only by using a candlestick tool. But it takes a lot of new experience to be able to understand this. Because there are so many patterns that must be known in the candlestick. Patterns that can describe the state of the market that is in trend or will change direction. So we have to learn a lot first to use candlesticks very much as an indicator of trading.
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Candlesticks provide traders with easy information about stock price developments. Candlesticks are commonly used in trading Usually doji, spinning top, engulfing candle hammer and inside bar.
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Because I have found the answer, this thread I'm lock, thanks to all who gave information from the Candlestick diagram. Hopefully this is useful for all people who will start in trading