Action Action Price through CRIPTO CAPTO CANDOLABRAS CRIPTO CRIPTO CHRESS
The Crypto Curriculum World from the beginning is a high speculative and fast developing market. With the appearance of new coins, growing accepting traditional payment systems and increasing interest of institutional investors, prices have been oscillated wildly over the years. An effective way to analyze this price is the testing of the candelabra model, which is widely used in a technical analysis to predict future trends.
What are the candlestick patterns?
Candela graphics are a visual display of pricing movements that uses candles with different colors and shadows that indicate different time periods (eg hours, days). These charts offer complete vision of behavior on the market by analyzing direction, momentum and volatility of prices. Testing the Candelabra models, traders can gain insight into the movement of driving prices for dynamics below.
Understanding Candelabri Model **
There are different key types of candelabranine models you can get to know you:
- Matello graphic designer : Bullish model characterized by a small body accompanied by a large superior wick, indicating the purchase pressure.
- Graphic star Shooting : bear model marked with a lower wick and a thin body, suggesting sales pressure.
- Mackey inversion diagram : a reverse hammer or a star of a crackling star with a longer wick, often seen after a strong recovery.
- Graphic graphics of perforated lines : Bullish model with a white candlestick, followed by a smaller green candle, indicating shopping shops.
Action Action Action through Candlestick Forms
To analyze the price of the price using the Candelabra model in the Crypto currency, follow these steps:
- identifies the trend : Look for a coherent direction and a moment to determine whether the prices are increased or reduced.
- Examine inversions : identify potential turns based on a candlestick model, such as a hammer, a shooting star, Mackey inversion or perforated lines.
- Look for differences : analyze the difference between the body of the model and its higher or lower wicks to identify potential slopes or inversions.
- Consider support and resistance levels
: Identify key areas of support and resistance based on the basis of the candelabra and technical indicators such as RSI (relative resistance index) and Bollinger Extenses.
Example of Case Study: BIITCOIN price analysis
Using historical data, we analyze the action of Bitcoin (BTC) through candle models:
| Date | Price | Candle type | Sample |
| — | — | — | — |
| 2019-04-10 | $ 7,100 | Hammer | Hammer Bullist (strong upward tendency) |
| 2019-04-11 | $ 6,800 | Star tires | Bear star Scallop |
| 2020-12-08 | $ 29,000 | Perforated line | Line line
In April 2019, the hammer model marked a strong tendency for the increase, while the shooting star and the line model piercing the line in December 2020 suggested sales pressure. The combination of these Kandelabron models reveals potential opportunities to buy and sell bitcoin.
Conclusion
Action Action Price through the Candelabra model is a powerful tool for merchants, investors and participants in the market. By testing historical data and identifying key trends, a models of reversal and support level/resistance, it is possible to obtain valuable information about the prices of the dynamics of cryptocurrencies. Remember to consider more graphic models, technical indicators and market conditions when you make trading decisions.
Tips and Resources
- Use Internet resources such as Coinmarketcap, Cryptocompare or TraringView for Historical Data and Live Graphics.
- Family with a confession of a candlestick sample using Richard Dennis books (Bulll Bull Market) and Larry Williams (trading in the area).
