Japanese candlestick charts are the most popular method for quickly analyzing price action, especially among technical analysts.💻🤖💵🚀
What are Japanese candlesticks? Japanese candlesticks or candlestick charts are a type of price chart that shows the opening, closing, high, and low points of each period. Although there are different styles of price charts, Japanese candlesticks have become, by far, the most popular because they allow for a visual and quick understanding of price action and market sentiment. It was invented centuries ago by Japanese rice traders and has become the dominant charting style since analyst Steve Nison first introduced it to the West in 1989.
How to read a Japanese candlestick chart To read Japanese candlestick charts and patterns, you will need to familiarize yourself with three elements of each candlestick: its color, its body, and its wick or shadow. Its color indicates the direction of movement within the period, its body shows the market's opening and closing levels, while its wick displays the range of highs and lows. Now, let's analyze each of the parts of the Japanese candlesticks, as shown in the following figure:
A moving average (MA) is a technical indicator used in financial analysis to smooth price data and identify the direction of a trend. It is calculated by averaging the prices of an asset over a specific period of time and is represented as a line on a chart. Moving averages help filter out market noise and identify support and resistance levels.
👽👽👽👉👈The price of Bitcoin (BTC) has experienced a recent drop, falling below 106,000 dollars on October 17, reaching its lowest levels in several months. The current quotation is volatile, and technical analysts have pointed out that it could fall even further, possibly down to 95,000 dollars.
What does this mean? The drop in Bitcoin is a reminder that the cryptocurrency market is very volatile. The price is based on the law of supply and demand: when there is less demand, the price goes down.
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This Friday, the crypto market turned red after a strong message from Donald Trump, who declared that if he returns to the presidency, he will impose new massive tariffs on imported products. 📉
The announcement generated a wave of uncertainty in global financial markets, and cryptocurrencies were no exception.
Fear of a new trade war that could impact the global economy.
Negative reaction in risk markets, including stocks and crypto.
Mass selling by investors seeking refuge in more stable assets.
📌 Conclusion:
The words of a political leader with global weight can have immediate effects on markets. In this case, Trump's protectionist and aggressive tone generated fear about the economic future and pushed many to liquidate positions.
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The Administration of Donald Trump believes it has found a possible link between autism and the consumption of paracetamol during pregnancy. Although the medical community questions the scientific solidity of the alleged finding, the U.S. president made his announcement on Monday with great fanfare at an event in the White House, accompanied by his Secretary of Health, the anti-vaccine Robert F Kennedy. In the announcement, the Trump Administration also pointed to the approval of a medication, leucovorin — used so far against some anemias and cancers — for this neurodevelopmental disorder, which affects communication and the way of relating.
The revolution of decentralization is here and @OpenLedger is leading the change. 🌐 With $OPEN , access to Web3 is easier, faster, and more secure. #OpenLedger 🚀