Japanese candlesticks: reliable tool for trading with bitcoin
Candlestick charts, also known as Japanese candlestick charts, are one of the most popular tools in the financial markets. Since they show detailed information about the price action of assets like cryptocurrencies, Japanese candles are widely used in technical analysis (TA). It is essential for any trader to know how to read these charts and predict whether the price of a cryptocurrency will rise or fall in the near future.
Currently, it is one of the most popular tools for technical analysis as it provides insights into the price action of cryptocurrencies.
As the name implies, these charts are made up of a series of “candlesticks” or rectangular bodies that track the price of the market, which can be represented in green/red or white/black depending on the price. in the direction that price is heading. move.