Today we're going to talk about the method of Japanese candlesticks, which is one of the most important methods that can help you determine the market direction.
Japanese candlesticks are one of the most popular tools in technical analysis for trading cryptocurrencies (and others like stocks and forex). They help traders understand price movement visually and easily.
Let me explain it to you simply:
» What are Japanese Candlesticks?
The Japanese candlestick represents price movement over a specific time period (e.g., 1 minute, 1 hour, a day, etc.). Each candle shows: