Ya | Margrett Verhines NXDF on Binance Square

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Margrett Verhines NXDF

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This trader lost over $1.1 billion dollars with 1 single bad trade.

#TrumpBTCTreasury #MarketRebound #Write2Earn

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Margrett Verhines NXDF

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$BTC How to Read a Candlestick!!! Similar to bar charts, candlestick charts comprise four price points: open, high, low, and close. The high is marked by the top of the upper shadow or the real body if there is no shadow, while the low price is represented by the bottom of the lower shadow or the real body if there is no lower shadow. Finally, the closing price's relationship to the open determines whether the candlestick is bullish or bearish. If the price closes above the open price, the candlestick is bullish. On the other hand, if the price closes below the open price, the candlestick is bearish. With colored candlesticks, you can recognize bullish or bearish candlesticks instantly. By analyzing these four price points over multiple candlesticks, traders can identify market sentiment and how the bulls and bears are faring against each other, helping to predict potential price changes.

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🚀Understanding Basic Candlestick Charts🧧🎁🧧🎁 Candlestick charts are a cornerstone in technical analysis and perhaps one of the earliest forms of technical analysis, having been developed in the 18th century in Japan by rice trader Munehisa Homma. They help traders and investors quickly assess price movements and short-term market sentiment.🧧🧧🧧🧧 With its origins in 18th century Japan, candlestick charting was built on the idea that market prices are influenced by both trader psychology and the balance of power between the bulls and bears. By studying historical price changes, Homma identified patterns that signaled shifts in sentiment and market control, helping him anticipate price reversals and trends. His system became widely adopted among Japanese merchants and evolved into a structured approach to market analysis.🎁🎁🎁🎁 #TrumpBTCTreasury $BNB

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