The Capital
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The Capital

Tradedog 101: How to use candlesticks when trading crypto

Most of us have seen those green and red coloured bars, charts, and graphs related to crypto trading. Today we are talking about one of those patterns called the ‘Candlesticks’ that play a defining role in the way traders trade crypto.

Photo by Chris Liverani on Unsplash

So to begin with, What are candlesticks?

Source: Cryptotradingbook

The anatomy of Candlestick patterns

Doji: Represents Indecisiveness

Source: Google Images

Hammer: Represents confidence

Source: DailyFX

Shooting Star: Represents Skepticism

Source: Pinaxo Trading Software

How do pro traders utilize them to trade better?

Key Takeaways-

Conclusion:

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