Japanese Candlestick and Price action strategy.

in #bitcoin6 years ago

Hello friends..
Today i am going to share you something, which is very important for the person living in the world of cryptocurrency.

Its all about the Japanese Candlestick how to read them.
What the candlestick wants to tell you and all these.
I have started a course on Japanese Candlestick.
It is just a FIRST part of this course

1. Uptrend movement

An uptrend movement is when.. There is more no of green candles then the red one. If the size of the green candle is bigger then the uptrend is strong.

IMG_20180720_115436.jpg
You can see clearly that market is going up and up.

2. Downtrend movement
An downtrend movement is when there is more no of red candles then the green candles. If the size of red candle is bigger then the downtrend is strong.

IMG_20180720_115527.jpg

You can see that market is going down and down.

3. Sideway
If the the number of green candles and the red candles is almost same then it is known as sideway market.

IMG_20180720_115458.jpg
Market is not going anywhere it is going up and down.

It is very simple to understand. So basically this is the first step. I will give more information about it.
So you don't need to worry :)

If you have any doubts about this candlestick pattern feel free to share it. I will try to clear you doubts.

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