What you’ll learn
- The basic functions of a crypto price chart
- How to read candlesticks
- What candlesticks say about the market
Our previous article talked about how bitcoin’s price is generated, the role of exchanges in bringing together buyers and sellers to trade, and the kind of basic information they provide about trades.
Price is of course fluid – more so than traditional assets as there are no fixed trading hours – constantly changing as exchanges facilitate the evolving sentiment of buyers and sellers. The pattern of that changing sentiment can provide clues to where the price will go next, and is represented by a bitcoin price chart.
Your challenge as a trader is to interpret all the information that a bitcoin price chart offers and use it as part of your Technical Analysis tool-kit to predict where price is going next.
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