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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:
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I don't invest in meme coins or hold them; I speculate on them daily on small frames.
Speculation has rules.. Spot trading has rules .. Future trading has rules.
Each of these aspects has different rules from the other, so don't enter a future deal as long as you treat it as a spot deal.
Most of us can get confused so I will try to explain in the next times the rules governing each aspect of trading so that you achieve the highest benefit and profit based on knowledge and not feelings.