$ETH Those who have lost money in the cryptocurrency world must earnestly study candlestick charts in order to continuously make profits in the crypto space.
The essence of candlestick analysis lies in observing the changes and strengths of the forces of bulls and bears. So, how can we judge this? Here are a few key points.
(1) The size of the candlestick body. The longer the body, the stronger the force. If the body of a bullish candlestick is longer, it indicates stronger bullish forces. Similarly, if the body of a bearish candlestick is stronger, it indicates stronger bearish forces. Very short bullish and bearish candlesticks represent a balance in the forces of both sides.