How To Crypto Trading & Technical Analysis | Learn TA Part 5: Candlestick & Chart Patterns Explained

How To Crypto Trading & Technical Analysis | Learn TA Part 5: Candlestick & Chart Patterns Explained

Identifying patterns is one of the biggest tasks for any trader in the crypto stock market. This is where candlestick patterns and chart patterns can be extremely useful.

Therefore knowing the difference between these two types of technical tools is important for trading using Technical analysis.

Candlestick charts are technical tools that pack data for multiple time frames into single price bars.

Whereas chart patterns are the building blocks of technical analysis. They repeat themselves in the market time and are relatively easy to spot.

Chart And Candle Stick Patterns:
https://defirebels.com/wp-content/uploads/2023/01/Charts-1.png
https://defirebels.com/wp-content/uploads/2023/01/Untitled-1920-%C3%97-1080-px.png

What Is Market Psychology?
https://www.investopedia.com/terms/m/marketpsychology.asp

How to Read the Psychological State of the Market with Technical Indicators
https://www.investopedia.com/articles/trading/03/010603.asp

Introduction to Stock Chart Patterns
https://www.investopedia.com/articles/technical/112601.asp#toc-trendlines-in-technical-analysis

What Is a Candlestick Pattern?
https://www.investopedia.com/articles/active-trading/092315/5-most-powerful-candlestick-patterns.asp

Heikin-Ashi: A Better Candlestick
https://www.investopedia.com/trading/heikin-ashi-better-candlestick/#:~:text=Heikin%2DAshi%20has%20a%20smoother,moving%20dominantly%20in%20one%20direction.

Heikin-Ashi Technique
https://corporatefinanceinstitute.com/resources/equities/heikin-ashi-technique/

Heikin Ashi Candlestick Chart vs. Traditional Japanese Candlestick Chart
https://www.babypips.com/learn/forex/heikin-ashi-vs-traditional-japanese-candlestick

TESTING COMMON PRICE ACTION PATTERNS
https://samuraitradingacademy.com/7-best-price-action-patterns/

The nature of design: the Fibonacci sequence and the Golden Ratio
https://clevelanddesign.com/insights/the-nature-of-design-the-fibonacci-sequence-and-the-golden-ratio/#:~:text=What%20is%20the%20Fibonacci%20sequence,%2C%2034%2C%20and%20so%20on.

What Is Fibonacci Retracement? How to Use It in Crypto Trading
https://www.makeuseof.com/what-is-fibonacci-retracement-how-use-it-crypto-trading/#:~:text=Crypto%20traders%20use%20the%20Fibonacci%20retracement%20tool%20to%20identify%20support,0.382%2C%200.618%2C%20and%200.786.

Crypto Trading 101: The Fibonacci Retracements
https://www.coindesk.com/learn/crypto-trading-101-the-fibonacci-retracements/

Playlist for the entire series:
https://www.youtube.com/watch?v=9ht2eJhl5nQ&list=PL8f_JJfxrjYpGgIjcgt-zFtWcVXJN7tEp

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