Bitcoin Forum

Important to enter the order. Hope to be helpful for everyone
http://i63.tinypic.com/2qrzjpc.jpg

wow, that's a problem for a novice like me.
I really do not understand the notion of "doji" and "dragonfly doji" and some other terms.
Please help me understand more about these terms and I would like to thank you very much. I am new to trading but I do not understand much about charts. help me.
Thank you for having a very useful article for me.  :-*

I still don't find any relation of candlestick with other TA like Macd and RSI. How could you use candlestick for better TA?

A doji is when the opening and closing price of one particular candle are nearly the same. This means the candle's length will be extremely small.

This is an example a doji.

As you can see, the long red and green candle represents the price changing significantly from the candle start time to the candle close time. The 2nd candle with nearly no red/green is the doji. Let's say the price at the start of the candle is $5. The price at the end of the candle ends at around $5 as well, leading to no change. The vertical lines of the doji represent the highest and lowest filled buy/sell orders during that time period.

Tell me, please.
Why do you use candle patterns that were developed for the Forex market and stock trading !?

People checked the volumes, the general news background and built these figures.

How can this be applied to the same bitcoin, where all movements are not predictable !?

Nice post OP these chart is very helpful for newbie also in semi-advance trader. Candle stick reading is one of the basic TA tools you can use to interpret the market movement for the short and medium term period. If you can master these chart, day trading would become easier for you.