INSUBCONTINENT EXCLUSIVE:
understand market sentiment and trends.Bitcoin candlesticks are a rather old tool
Rice trader Honma Munehisa invented them in Japan as far back as the 18th century
They were introduced to Western financial markets in the late 1980s.They help you understand bullish and bearish patterns in technical
This knowledge will get you started with Bitcoin trading.They should not be your only tool for making informed decisions
Bitcoin (BTC) trading, you may wonder when to buy or sell
provide a quick look at price movements when compared to other charts
You can quickly view the highest and lowest prices of an asset in a specific timeframe
No experience needed; this is your go-to crypto candlestick chart tutorial, perfectly suited for beginners.Why analyze Bitcoin price
chartsTechnical analysis is an essential and consolidated strategy for trading markets
When Bitcoin (BTC) started picking up and prices fluctuated more, crypto investors began to use trading strategies from traditional markets,
These tools are easy to use, even for beginners
TradingView crypto charts can be candlestick, bar or line charts
chartsCandlestick charts are a milestone in technical analysis and the first step to understanding Bitcoin charts
traders visualize price movements over time.They help identify bullish, bearish or consolidation sentiment.They help spot patterns like
reversals or continuations to predict future price movements.A candlestick represents four key price points:The opening price at the start
of the periodThe closing price at the end of the periodThe highest price reached during the periodThe lowest price reached during the
move, and the closing price is higher than the opening price
It is red when the closing price is lower than the opening price, so the price is in a bearish movement as it goes down.The body size shows
They are thin lines above and below the body that indicate the highest or lowest prices the asset hit during the relevant trading
several advantages, including:Candlestick charts offer you a quick view of market sentiment and price movement
end of the chosen timeframe.Introduction to advanced crypto charting techniques to trade BTCCandlesticks are a great way to start trading
They give you a quick look at market trends and help predict price movements
Once you know the basic charts and skills, you can explore advanced techniques
For example, using moving averages can help you make better investing decisions.Here are some of the best tools Bitcoin traders use to
leverage technical analysis, volume and market psychology
These strategies give traders an edge in the ever-changing crypto market.1
Then, calculate retracement levels using Fibonacci ratios like 23.6%, 38.2%, 50% and 61.8%
Volume profileVolume profile is another tool for technical analysis
It shows trading volume for price instead of time
Knowing where trading happens most helps traders spot key price levels
Elliot Wave TheoryThe Elliott Wave theory is a prediction model of price movements based on market psychology and wave patterns
According to the theory, the market moves in trends of five waves, followed by three waves of correction, with each wave reflecting trader
Other indicatorsThe relative strength index (RSI) is one of the most common charting indicators
better alternative to the SMA for identifying short-term trends
Like the SMA, the EMA shows you the average price of an asset over time, but the EMA focuses more on recent days.Caution! Reading Bitcoin
Always combine technical insights with risk management, and never trade more than you can afford to lose.This article does not contain
investment advice or recommendations
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
