Crypto Candlestick Bitcoin Price Action Trading
How to Analyze Crypto Price Action Trading Using Japanese Crypto Candles
The Japanese crypto candlesticks techniques also have very many bitcoin price action pattern formations that are used to trade Bitcoin. These bitcoin price action patterns have different technical analysis explanation and the most common are:
The above bitcoin trading action bitcoin price patterns is what makes the Japanese crypto candlesticks popular among technical bitcoin traders and it's why this type of bitcoin price action cryptocurrency analysis are the most widely used when it comes to analyzing the btcusd trading market. The technical analysis for these bitcoin price action bitcoin pattern formations in bitcoin trading is explained in the above crypto candlesticks bitcoin price action guides.
How are Candlesticks used to Interpret Price Action Bitcoin Trading Signals?
Cryptocurrency Candlesticks - is a bitcoin price representation that uses the bitcoin price data (open, high, low, and close of bitcoin price). These candlesticks resemble a candle with wicks on both ends.
Rectangle part of the candle stick is called the body.
The high & low are described as shadows and plotted as poking lines.
Candle Stick Crypto Price Action Trading - Crypto Candlestick Crypto Price Action Trading PDF
The color of the candle-stick is either blue or red
- (Blue or Green Color candle) - Crypto Prices moved up
- (Red Color candlestick) - Crypto Prices moved down
Most bitcoin trading platforms like the MT4, use colors to mark the direction of the crypto candlesticks. Colors used are blue or green: when bitcoin price moves up, red: when bitcoin price moves down.
Candle Stick Bitcoin Price Action Trading - Crypto Candlestick Bitcoin Price Action Trading PDF
When candlesticks bitcoin price charts are used it is very easy to see if the bitcoin price moved up or down as opposed to when bars are used.
Bitcoin candles and cryptocurrency candlesticks patterns are commonly used in bitcoin price action trading strategies used to trade bitcoin.
