Candlestick Cheat Sheet and a Quick Tip For Crypto Newbies

in #cryptocurrency7 years ago (edited)

Here is a simple little candlestick cheat sheet for crypto begginers. Print it out and hang it near your monitor for reference while analyzing your candlestick charts.

Remember to always wait for confirmation of a patterns predicted outcome before buying or selling. Additionally make sure to keep an eye on volume. Often times a pattern may look bullish but if it is not supported by high volume, or an increase in volume the price may remain stagnant or drop.

Bonus tip: I only trade coins that have solid fundamentals. I do this because if the pattern fakes me out I have no worries of holding for the long term. Ill never sell a coin at a loss. You always hear the term "never invest what your not willing to lose" but I prefer to say "never invest what your not willing to hold for an extended period of time".

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