This can be really confusing for some of you.
But trust me, its not remotely important for you to remember the name of the candlesticks, it’s the reading of them that matters and nothing else.
@CryptoTrades #education #candlesticks
But trust me, its not remotely important for you to remember the name of the candlesticks, it’s the reading of them that matters and nothing else.
@CryptoTrades #education #candlesticks
Market Psychology
Technical analysis is nothing more than reading human emotions on charts.
Every candle has a significance.
The tail, the body and the height all tell you the emotions, news and the momentum of the market.
The candlesticks are soul of trading and have a powerful impact on every trade that you take.⠀
@CryptoTrades #education #candlesticks #tradingpsychology
Technical analysis is nothing more than reading human emotions on charts.
Every candle has a significance.
The tail, the body and the height all tell you the emotions, news and the momentum of the market.
The candlesticks are soul of trading and have a powerful impact on every trade that you take.⠀
@CryptoTrades #education #candlesticks #tradingpsychology
Basic Candlestick Patterns.
Bullish / Bearish Engulfing
A very simple yet one of the most effective patterns.
Learn the basics first and things will fall in place automatically
@CryptoTrades #education #candlesticks #bullishengulfing #bearishengulfing
Bullish / Bearish Engulfing
A very simple yet one of the most effective patterns.
Learn the basics first and things will fall in place automatically
@CryptoTrades #education #candlesticks #bullishengulfing #bearishengulfing
Confluence is the “assembly” or “coming” together of things.
Traders use it as a fancy word that refers to having multiple reasons for taking a trade.
The more reasons you have to take a trade, the better.
And you gain extra bonus points if the reasons are unrelated.
@CryptoTrades #education #confluence #strategy #tradingplan #candlesticks #chartpatterns
Traders use it as a fancy word that refers to having multiple reasons for taking a trade.
The more reasons you have to take a trade, the better.
And you gain extra bonus points if the reasons are unrelated.
@CryptoTrades #education #confluence #strategy #tradingplan #candlesticks #chartpatterns
Head and Shoulders Entry Hack.
Head and Shoulders are great patterns to trade if you know how to trade them correctly.
In the example above we used an Inverse Head and Shoulders.
The anatomy of the head and shoulders pattern is something that is often overlooked, however if you actually took the time to understand the anatomy, you will find the right shoulder normally (not always) positions itself at the 0.618 retracement level of the impulse move from the head.
Wait for the right shoulder to appear and wait for a candlestick pattern confirmation and execute.
Improve your game little by little everyday.
This post will help you crack down on your entries when it comes to trading head and shoulders patterns.
@CryptoTrades #education #headandshoulders #candlesticks #patterns #knowledge #crypto #signals #cryptotradespremium
Head and Shoulders are great patterns to trade if you know how to trade them correctly.
In the example above we used an Inverse Head and Shoulders.
The anatomy of the head and shoulders pattern is something that is often overlooked, however if you actually took the time to understand the anatomy, you will find the right shoulder normally (not always) positions itself at the 0.618 retracement level of the impulse move from the head.
Wait for the right shoulder to appear and wait for a candlestick pattern confirmation and execute.
Improve your game little by little everyday.
This post will help you crack down on your entries when it comes to trading head and shoulders patterns.
@CryptoTrades #education #headandshoulders #candlesticks #patterns #knowledge #crypto #signals #cryptotradespremium
TRADING HEAD & SHOULDERS PATTERN
Trading a head and shoulders pattern is simple.
You don’t enter at the shoulders or even the head, you wait for the full pattern to form and then look for an entry.⠀
⠀
Head and shoulders are considered valid when price breaks below the neckline, that’s our optimal entry point.
However we don’t enter as soon as the neckline is broken, we wait for a retest at the neckline before we enter.⠀
@CryptoTrades #education #headandshoulders #candlesticks #patterns #signals #cryptotradespremium
Trading a head and shoulders pattern is simple.
You don’t enter at the shoulders or even the head, you wait for the full pattern to form and then look for an entry.⠀
⠀
Head and shoulders are considered valid when price breaks below the neckline, that’s our optimal entry point.
However we don’t enter as soon as the neckline is broken, we wait for a retest at the neckline before we enter.⠀
@CryptoTrades #education #headandshoulders #candlesticks #patterns #signals #cryptotradespremium
We have covered candlesticks previously and we hope you gained some knowledge, however some people can misunderstand the use of candlestick patterns.
They do NOT determine trading areas, they are used to confirm trading areas and price reversals.
This is why they should only be taken note of at the significant structures in the infographic above.
@CryptoTrades #education #candlesticks #structure #zones #fibonacci #signals #cryptotradespremium #winningsignals
They do NOT determine trading areas, they are used to confirm trading areas and price reversals.
This is why they should only be taken note of at the significant structures in the infographic above.
@CryptoTrades #education #candlesticks #structure #zones #fibonacci #signals #cryptotradespremium #winningsignals
Every time frame shows us something different.
A weekly candle can be extremely bullish but on the daily chart, price can look bearish.
So what do you do?
Try utilising top down analysis.
This is when you analyse a pair from the monthly time frame down to the 15 min time frame.
Doing this gives you access to the full picture, it will help you determine the time scale of your position and also the overall bias!
Try it out!
@CryptoTrades #education #candlesticks #timeframes #topdown #signals #cryptotradespremium #winningsignals
A weekly candle can be extremely bullish but on the daily chart, price can look bearish.
So what do you do?
Try utilising top down analysis.
This is when you analyse a pair from the monthly time frame down to the 15 min time frame.
Doing this gives you access to the full picture, it will help you determine the time scale of your position and also the overall bias!
Try it out!
@CryptoTrades #education #candlesticks #timeframes #topdown #signals #cryptotradespremium #winningsignals
Candle sticks tell a story and the wicks they produce pretty much direct the narrative.
All wicks show is rejection from a price zone on a smaller time frame!
When price is at a significant trading area (for example a resistance zone) and price starts producing multiple wicks, this shows price is struggling to break above the zone. Indicating the sellers are in control!
@CryptoTrades #education #candlesticks #wicks #signals #cryptotradespremium #winningsignals
All wicks show is rejection from a price zone on a smaller time frame!
When price is at a significant trading area (for example a resistance zone) and price starts producing multiple wicks, this shows price is struggling to break above the zone. Indicating the sellers are in control!
@CryptoTrades #education #candlesticks #wicks #signals #cryptotradespremium #winningsignals
SAVE this image, then try to find it on the charts to practice identifying the candlesticks.
@CryptoTrades #education #candlesticks #shootingstar #gravestonedoji #bearishengulfing #signals #cryptotradespremium #winningsignals
@CryptoTrades #education #candlesticks #shootingstar #gravestonedoji #bearishengulfing #signals #cryptotradespremium #winningsignals
Candlesticks provide a lot of information, that we can use to our advantage.
We can use candlesticks to determine how strong buyers and sellers are within a trend.
As shown above, there are 4 main candlesticks which are the most relevant in terms of determining how strong buyers and sellers are.
It’s important to notice that candlesticks are much more accurate on higher time frames, such as 1 Day, 4 Hour and 1 Hour.
@CryptoTrades #education #candlesticks #signals #cryptotradespremium #winningsignals
We can use candlesticks to determine how strong buyers and sellers are within a trend.
As shown above, there are 4 main candlesticks which are the most relevant in terms of determining how strong buyers and sellers are.
It’s important to notice that candlesticks are much more accurate on higher time frames, such as 1 Day, 4 Hour and 1 Hour.
@CryptoTrades #education #candlesticks #signals #cryptotradespremium #winningsignals
Remember to keep an eye out for reversal patterns.
These patterns are most accurate when they happen in key areas.
Key areas could be an area of support, or the end of a downtrend.
The names of these patterns are not very important, the key is to understand why these patterns are bullish, then you will be able to spot them once they appear.
@CryptoTrades #education #candlesticks #bullishreversalpatterns #threewhitesoldiers #hammer #bullishengulfing #signals #cryptotradespremium #winningsignals
These patterns are most accurate when they happen in key areas.
Key areas could be an area of support, or the end of a downtrend.
The names of these patterns are not very important, the key is to understand why these patterns are bullish, then you will be able to spot them once they appear.
@CryptoTrades #education #candlesticks #bullishreversalpatterns #threewhitesoldiers #hammer #bullishengulfing #signals #cryptotradespremium #winningsignals
Engulfing candle sticks are a great confirmation to entry when trading trend reversals.
When a trend is going on for a fair amount of time, we can expect a reversal soon. To trade reversals, we can use engulfing candlesticks as a confirmation.
A bullish engulfing candle at the end of a downtrend, is a great BUY signal.
A bearish engulfing candle at the end of an uptrend, is a great SELL signal.
@CryptoTrades #education #trading #bullishengulfing #bearishengulfing #candlesticks #signals #cryptotradespremium #winningsignals
When a trend is going on for a fair amount of time, we can expect a reversal soon. To trade reversals, we can use engulfing candlesticks as a confirmation.
A bullish engulfing candle at the end of a downtrend, is a great BUY signal.
A bearish engulfing candle at the end of an uptrend, is a great SELL signal.
@CryptoTrades #education #trading #bullishengulfing #bearishengulfing #candlesticks #signals #cryptotradespremium #winningsignals
How strong Pinbar candlesticks are based on how they close?
The guide above will help you.
Green = Very strong
Dark = Weak
@CryptoTrades #education #trading #pinbar #candlesticks #signals #cryptotradespremium #winningsignals
The guide above will help you.
Green = Very strong
Dark = Weak
@CryptoTrades #education #trading #pinbar #candlesticks #signals #cryptotradespremium #winningsignals
Engulfing candle sticks are a great confirmation to entry when trading trend reversals.
When a trend is going on for a long time, we can expect a reversal soon.
To trade reversals, we can use engulfing candlesticks as a confirmation.
A bullish engulfing candle at the end of a downtrend, is a great BUY signal.
A bearish engulfing candle at the end of an uptrend, is a great SELL signal.
@CryptoTrades #education #trading #candlesticks #bullishengulfing #bearishengulfing #engulfing #signals #cryptotradespremium #winningsignals
When a trend is going on for a long time, we can expect a reversal soon.
To trade reversals, we can use engulfing candlesticks as a confirmation.
A bullish engulfing candle at the end of a downtrend, is a great BUY signal.
A bearish engulfing candle at the end of an uptrend, is a great SELL signal.
@CryptoTrades #education #trading #candlesticks #bullishengulfing #bearishengulfing #engulfing #signals #cryptotradespremium #winningsignals
4 important Candlestick Patterns
@CryptoTrades #education #trading #candlesticks #pinbar #engulfing #3insideup #3blackcrows #cryptotradespremium #winningsignals
@CryptoTrades #education #trading #candlesticks #pinbar #engulfing #3insideup #3blackcrows #cryptotradespremium #winningsignals
Confluence is the “assembly” or “coming” together of things.
Traders use it as a fancy word that refers to having multiple reasons for taking a trade.
The more reasons you have to take a trade, the better.
And you gain extra bonus points if the reasons are unrelated.
@CryptoTrades #education #confluence #strategy #tradingplan #candlesticks #chartpatterns
Traders use it as a fancy word that refers to having multiple reasons for taking a trade.
The more reasons you have to take a trade, the better.
And you gain extra bonus points if the reasons are unrelated.
@CryptoTrades #education #confluence #strategy #tradingplan #candlesticks #chartpatterns
TRADING HEAD & SHOULDERS PATTERN
Trading a head and shoulders pattern is simple.
You don’t enter at the shoulders or even the head, you wait for the full pattern to form and then look for an entry.⠀
⠀
Head and shoulders are considered valid when price breaks below the neckline, that’s our optimal entry point.
However we don’t enter as soon as the neckline is broken, we wait for a retest at the neckline before we enter.⠀
@CryptoTrades #education #headandshoulders #candlesticks #patterns #signals #cryptotradespremium
Trading a head and shoulders pattern is simple.
You don’t enter at the shoulders or even the head, you wait for the full pattern to form and then look for an entry.⠀
⠀
Head and shoulders are considered valid when price breaks below the neckline, that’s our optimal entry point.
However we don’t enter as soon as the neckline is broken, we wait for a retest at the neckline before we enter.⠀
@CryptoTrades #education #headandshoulders #candlesticks #patterns #signals #cryptotradespremium
4 important Candlestick Patterns
@CryptoTrades #education #trading #candlesticks #pinbar #engulfing #3insideup #3blackcrows #cryptotradespremium #winningsignals
@CryptoTrades #education #trading #candlesticks #pinbar #engulfing #3insideup #3blackcrows #cryptotradespremium #winningsignals
Confluence is the “assembly” or “coming” together of things.
Traders use it as a fancy word that refers to having multiple reasons for taking a trade.
The more reasons you have to take a trade, the better.
And you gain extra bonus points if the reasons are unrelated.
@CryptoTrades #education #confluence #strategy #tradingplan #candlesticks #chartpatterns
Traders use it as a fancy word that refers to having multiple reasons for taking a trade.
The more reasons you have to take a trade, the better.
And you gain extra bonus points if the reasons are unrelated.
@CryptoTrades #education #confluence #strategy #tradingplan #candlesticks #chartpatterns