Bitcoin Forum

Economy => Trading Discussion => Topic started by: techptcl786 on February 16, 2020, 04:18:47 AM

Title: canles in trading
Post by: techptcl786 on February 16, 2020, 04:18:47 AM
what is japanies candle concept in crypto  trading ??

Title: Re: canles in trading
Post by: Kuffy on February 16, 2020, 09:28:17 AM
Candles are a simple method of representing price movements within a time segment. They show four price points - maximum and minimum ( wicks) and opening and closing prices ( the candle) The colour shows the direction of movement - red = bear, green = bull. You need to use some other indications to trade using candles, and two important ones are exponential moving averages, and volume. I use them for scalping Bitcoin, but it is a bit of an art form. There are loads of videos on YouTube about it, and here is just one ( not necessarily the best).

Take care when trading Bitcoin, as it is extremely volatile, and you should expect losses as well as gains. Start small, and don't use money you can't afford to lose. Scalping is used to make frequent small gains, so don't become greedy, and learn to take profits and losses.

Title: Re: canles in trading
Post by: GmAdvice on February 16, 2020, 09:16:45 PM
Japanese candlesticks are the most popular styles of financial charts used to describe price movements. It is used by most crypto traders for any type of trading style whether it’s shorting bitcoin, day trading or using indicators like EMA or CCI. Japanese candlesticks visually represent the price changes, using different colours to highlight the differences. By applying this style, crypto charts are extremely useful for traders as they allow them to predict price movements and make decisions based upon historical movements. Each candle shows four important pieces of information - the asset opening and closing price, as well as a high or low of that particular time frame. The central part of the candlestick is called “body” and it represents the price range between the opening and the closing price.

Title: Re: canles in trading
Post by: bL4nkcode on February 16, 2020, 10:51:58 PM
I don't know, but your question can be easily answered by simply using google, and even Investopedia or even wiki. There's no need of discussion here.