CANDLES

Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Hence, intraday traders try to either purchase a cryptocurrency at a low price and sell it higher or short-sell a cryptocurrency at a high price and buy it lower within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply among other factors.
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.

What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:

As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow

Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:
Open – the first trade during the period specified by the candleHigh – the highest traded priceLow – the lowest traded priceClose – the last trade during the period specified by the candle
How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.

Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.

Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.

Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.

Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.

Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.

Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.

Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.

Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.

Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.

Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.

Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.

Happy trades and successful investments!
JOIN TO US ON OUR TWITTER OR TGM : t.me/binance7btc

#candles #learning #tradingStrategy #TradeAndCelebrate
$BTC $BNB $SOL

Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Hence, intraday traders try to either purchase a cryptocurrency at a low price and sell it higher or short-sell a cryptocurrency at a high price and buy it lower within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply among other factors.
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.

What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:


As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow


Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:

How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.


Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.


Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.


Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.


Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.


Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.


Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.


Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.


Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.


Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.


Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.


Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.

Happy trades and successful investments!💪👊
@Crypto Insiders

#candles #BTC $BTC
$ETH

$BNB

Day trading is a method of investing in cryptocurrencies where a trader buys and sells cryptocurrencies within the same day without having any open positions at the end of the day. Therefore, day traders try to buy a cryptocurrency at a low price and sell it at a higher price or short sell a cryptocurrency at a high price and buy it at a lower price within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its supply and demand along with other factors.

Para os iniciantes que desejam operar dentro da Binance ou outra plataforma é necessário conhecer os Candles (velas)

Candle de Alta (Verde)
Candles de Baixa (Vermelho)

Na imagem temos um candle Padrão de Alta e um Candle Padrão de baixa.

Candle Padrão de Alta de muita força, o preço vai continuar a subir ... $BNB $SOL $ETH

A bearish candle pattern in technical analysis signals potential downside momentum in a stock or market. One lesser-known pattern is the "11-bar bearish candle pattern," which isn't typically discussed in mainstream trading education. It comprises a series of 11 candles, where each candle opens within the body of the previous one and closes lower. This pattern signifies sustained selling pressure over an extended period, leading to a potential significant downtrend.
The 11-bar bearish candle pattern is unique because it emphasizes a prolonged struggle between buyers and sellers, with sellers gradually gaining control. This contrasts with more popular patterns like the "bearish engulfing" or "evening star," which occur over a shorter time frame. The extended nature of the 11-bar pattern makes it a powerful indicator of a longer-term shift in market sentiment.
While traditional education might focus on simpler patterns, understanding the intricacies of more complex patterns like the 11-bar bearish candle can give traders an edge. It requires patience and a keen eye for detail, but recognizing this pattern can signal a strong bearish trend, allowing traders to position themselves accordingly.#VOTEme #candles #BearishPhase

Candlestick patterns are a crucial tool for traders, offering valuable insights into market sentiment and potential price movements. Originating from Japanese rice traders in the 18th century, these patterns are now fundamental in modern technical analysis. Here’s a guide to help you understand and effectively use candlestick patterns in your trading.

What Are Candlestick Patterns?
Candlesticks visually represent price action within a specific timeframe. Each candlestick consists of four key elements: the open, high, low, and close prices. The body of the candlestick shows the range between the open and close prices, while the wicks or shadows represent the highest and lowest prices reached during the period.
Basic Candlestick Patterns
1. Doji: A Doji forms when the open and close prices are nearly equal, indicating indecision in the market. This pattern often signals a potential reversal depending on the preceding trend.
2. Hammer: A Hammer is characterized by a small body with a long lower shadow and typically appears at the bottom of a downtrend. It suggests a bullish reversal, as buyers have stepped in after a period of selling.
3. Shooting Star: The opposite of the Hammer, a Shooting Star appears at the top of an uptrend, indicating a bearish reversal. It features a small body and a long upper shadow, signaling that sellers are gaining control.
4. Engulfing Patterns:
- A Bullish Engulfing pattern forms when a small bearish candle is followed by a larger bullish candle that completely engulfs the previous one, signaling a potential reversal to the upside.
- The Bearish Engulfing pattern is the opposite, with a bullish candle followed by a larger bearish candle, suggesting a downward reversal.
Advanced Patterns and Their Implications
1. Morning Star and Evening Star:
- The Morning Star is a three-candle pattern that signals a bullish reversal. It starts with a bearish candle, followed by a small-bodied candle, and concludes with a large bullish candle.
- The Evening Star is its bearish counterpart, indicating a potential market top.
2. Three Black Crows and Three White Soldiers:
- These patterns consist of three consecutive bearish or bullish candles, respectively. They suggest strong momentum in the corresponding direction, often indicating a continuation of the current trend.
Using Candlestick Patterns in Trading
While candlestick patterns are powerful tools, their effectiveness increases when combined with other technical analysis methods, such as moving averages, trend lines, and volume indicators. This comprehensive approach helps confirm signals and improves the accuracy of your trades.
For example, a Bullish Engulfing pattern at a strong support level, accompanied by increasing volume, could be a strong signal to enter a long position. Conversely, a Bearish Engulfing pattern near a resistance level might indicate a good time to consider selling or shorting.
Conclusion
Mastering candlestick patterns can significantly enhance your trading strategy. By learning to recognize these patterns and understanding the psychology behind them, you can anticipate potential market moves and make more informed decisions. Remember, while candlestick patterns are powerful, they should be used alongside other indicators to create a robust trading plan.