In this episode of CryptoCred’s educational series, he discusses the basics of candlestick charts.
In this video, I cover Japanese candlestick charts and how to use them to build a sound technical analysis foundation.
– Candlestick Anatomy
– Candlestick OHLC
– Time Frames
– Candlestick Patterns
– Important Tips
About Candlestick Charts
Candlestick charts originated in Japan over 100 years before the West developed the bar and point-and-figure charts. In the 1700s, a Japanese man named Homma discovered that, while there was a link between price and the supply and demandof rice, the markets were strongly influenced by the emotions of traders.
Candlesticks show that emotion by visually representing the size of price moves with different colors. Traders use the candlesticks to make trading decisions based on regularly occurring patterns that help forecast the short-term direction of the price.
Taken from Investopedia
CryptoCred is a technical trader, analyst and educator within the Crypto Community. His free educational content delivered across multiple platforms has seen him gain an impressive audience over the last couple of years.
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