A Beginner Guide to Reading Candlestick Charts in Crypto Trading Like a Pro: Discover How to Safeguard Your Cryptocurrency In (2023) by Emily Dhruv
English | 2022 | ISBN: N/A | ASIN: B0BQYSS28D | EPUB | 0.54 Mb
Did you know candlestick charts appeared over three centuries ago? Japanese rice trader Munehisa Homma uses the candlestick elements (Open High and Close Low) to represent the price in the trading period. Today, almost all financial markets rely on candlestick charts as a price representation. But, do you really understand how it works? Read on as I decipher the ins and outs of candlestick charts. Candlestick patterns at a random place on your price chart do not provide highly accurate signals. However, a candlestick pattern within the trend and at a perfect location can provide high-probability trades. Therefore, you should always look out for the support and resistance levels in the chart. Moreover, it would help, if you considered the market context and the overall environment to increase success odds. In this book, You Will Be Learning The Anatomy Of a Candlestick How To Identify Candlestick Patterns That Traders Can Use To Recognize Major Support And Resistance Levels. Understanding Candlestick Chart Patterns And Trends How To Read The Candlestick Charts How to Place a Stop-loss and Take Profit on a Pattern Popular Candlestick Patterns Benefits and Limitations of Candlestick Charts A candlestick chart is a combination of multiple candles a trader uses to anticipate the price movement in any market. In other words, a candlestick chart is a technical tool that gives traders a complete visual representation of how the price has moved over a given period. These charts are very effective in the financial market, and almost all traders in the world focus on candlestick patterns. You can consider the candlestick trading system as an individual trading strategy, or you can use these tools in your strategy to increase your trading probability. For Cryptocurrency investors you will be learning How to Safeguard Your Cryptocurrency in (2023) As digital assets with intrinsic worth, cryptocurrencies can be quickly and irrevocably stolen and transferred to new owners. This gives hackers a strong incentive to target consumers who don't take security seriously. Let's Dive Right In