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RE: Basics of crypto trading- Beginner Level (Coinmarketcap)

in #bitcoin6 years ago

The graph analysis for candlesticks is very important to understand. It shows the opening price and closing price in the solid green (gain) red (loss) bar. The high and lows are the lines protruding from the candlestick graph. The open is below the close if it is green (gain) and the open is above the close if it is red (loss).

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This allows us to track the progression of the price of a cryptocurrency. Analyzing trends is a whole other beast which requires quite a bit of practice and studying.

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Thanks for adding information here. I have started blog for very basic information. I have planned candlestick reading blog for a later stage after completing the basic terminology about crypto.