Trading Candlestick Guide

-

 

  • Candlestick charts are used by traders to determine possible price movement based on past patterns.
  • Candlesticks are useful when trading as they show four price points (open, close, high, and low) throughout the period of time the trader specifies.
  • Many algorithms are based on the same price information shown in candlestick charts.
  • Trading is often dictated by emotion, which can be read in candlestick charts.

Few useful patterns are shown below.







Comments

Post a Comment

Popular posts from this blog

Tesla Holding About 42K Bitcoins- Big institutions should invest more in Bitcoins.

-
Image
 Elon Musk Says they almost have 40K Bitcoins. Tesla Holding About 42K Bitcoins Tesla’s technoking, Elon Musk, has commented on how many bitcoins his electric car company owns in response to a rough calculation provided on Twitter by Tesla shareholder Dave Lee. In his calculation, Lee used $1.47 billion as the fair market value of Tesla’s entire bitcoin holdings as shown in the company’s Form 10-Q filed with the U.S. Securities and Exchange Commission (SEC). Tesla wrote: As of June 30, 2021, the carrying value of our digital assets held was $1.31 billion, which reflects cumulative impairments of $50 million. The fair market value of such digital assets held as of June 30, 2021 was $1.47 billion. Lee also used the price of bitcoin at close on June 30, which was about $35,040. On that day, the high of the BTC price was $35,189.75 and the low was 34,155.90 based on data from  Bitcoin.com Markets . His estimate suggests that Tesla is holding 42,069  BTC . Musk ...
Read more

Tinder Bitcoin scams and other crypto hustles to avoid

-
Image
  Tinder Bitcoin scams and other crypto hustles to avoid. I found this wonderful article regarding BITCOIN scams from https://bravenewcoin.com/. With crypto assets maturing into a viable alternative asset class, as the popularity, and price, of crypto assets rises, so too do the scams and bad actors who target new investors. In this article, we examine the most common crypto scams to be aware of. Swipe left on crypto scams Tinder Bitcoin scams and other crypto hustles remain prevalent and scammers are using increasingly creative methods to get their hands on your coins. An ongoing crypto scam that continues making the rounds can be found on the dating app Tinder. According to a  Reddit post , one version of this scam involves Asian women (or individuals posing as Asian women) gaining the trust of their victims on Tinder before moving the conversation to Whatsapp or WeChat. Then the conversation turns to investments and “an inside tip about a new crypto asset” or the girl’...
Read more