CANDELSTICK DIAGRAM UNDERSTAND AND YOU HAWE A NEW UNDERSTANDING OF PREDICTING FUTURE ALTCOIN MARKET PROFFIT
The function of the analysis either technically or fundamentally determine whether prices will rise or fall, will move in the same direction or reverse direction.
Based on the type of analysis is divided into two, namely:
1. Analysis to identify trends that will happen, that analyze price movements globally and estimate the shape of the graph is going to happen.
2. Analysis to determine the type of candle that will be formed, whether bullish or bearish candle candle. This means that target only one candle, but this candle targeted distances can be as large as a trend. Candle targeted so usually it uses a 4 hour time frame upwards.
In terms of determining the trends that will be formed, just as a supporting role candlestick alone. Namely as a signal giver entry / entry point, so that traders get the best price.
I. Entry Point Trend Up
The rising trend can be detected by the appearance forwarding long-bodied bullish candle after rising graph low Markowitz
II. Entry Point Trend down
Down trend could be detected with the advent of long-bodied candle bearis forwarding after graph that modestly high Markowitz
III. Entry Point Reverse Directions Up
Reversal of the trend down to the rising trend could be detected by the appearance or inverted hammer candle and candle reversal Hamer in oversold area or convergent.
IV. Entry Point Reverse Directions Down
Reversal of the trend rose to the down trend could be detected by the appearance candle shooting star, hanging man candle types reversal and more overbought area or convergent
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