Topic: Candlestick Question (Read 1129 times)
Hi, take a look at this tool that auto detect candlestick patterns, might be useful for you https://coinalyze.net/candlestick-patterns/
Well am actually good at reading candle sticks as a result of reading a lot of books and watching videos .. you should try it out some time..
green candle means buyers(bull) are in the market so the prices opens in a position down and closes in a position up were the buyers have leave the market. because when buyers are in the market, the willingness to buy and demand increases and so it drives the price up
red candle means sellers(bears) are in the market so the prices opens in a position up and closes in a position down were the sellers have leave the market because when sellers are in the market, the willingness to sell and supply increases and so it pushes the price down
so what happened there is that when the buyers had left the market indicated by the closure of the green candle, the seller came in but the sellers were willing to sell at a price much lower than the last price at which the said coin was being bought. so it resulted in red can candle opening up as usual but a little bit down from where the green candle closed up...
hope that answered your questions ...
You look good in this field, how many years have you started trading?green candle means buyers(bull) are in the market so the prices opens in a position down and closes in a position up were the buyers have leave the market. because when buyers are in the market, the willingness to buy and demand increases and so it drives the price up
red candle means sellers(bears) are in the market so the prices opens in a position up and closes in a position down were the sellers have leave the market because when sellers are in the market, the willingness to sell and supply increases and so it pushes the price down
so what happened there is that when the buyers had left the market indicated by the closure of the green candle, the seller came in but the sellers were willing to sell at a price much lower than the last price at which the said coin was being bought. so it resulted in red can candle opening up as usual but a little bit down from where the green candle closed up...
hope that answered your questions ...
I want to learn to you about reading chart. Can you give me a link for me to read !?
Or video and I am very interested.
thanks.
In forex, I only see that happen when the market closes during the weekend. When it opens on trading hours on monday, there will be a gap on price. I bet the same happened to your chart.
It also happen in Crypto. Green candles mean the start of its price was in the bottom to up which is why OP asked why the GAP. Maybe there were huge dumps before that bull candle started, a sell order maybe was filled.
In forex, I only see that happen when the market closes during the weekend. When it opens on trading hours on monday, there will be a gap on price. I bet the same happened to your chart.
Op I will advise you to study how to read candlesticks formation from https:// babypip.com. It depends on the body of the candlestick, green body do not necessarily mean buying signal and red body also do not mean sell. You need to know pin bar, hammer and full body, abandoned baby and morning star.
Thanks for sharing.Can it be used for altcoin trading, or specifically for forex?
and the red candlestick is the sellers, so I think the link you gave at least was a big help for me to understand more about in reading the candlestick.
I am not alone, this is my ability. I only know green and red. At least it can help to know when to sell and buy.
and always use management of money in trading, it will gives maximal profit in trading too
in my opinions the skill of reading the candle chart is not enough.
Cut los makes me always want to stop trading. Excessive emotion makes me stress.
I found a great article to read and learn
http://Https://99bitcoins.com/newbies-guide-trading-bitcoins/
Is this good to read? Give me a suggestion!
Op I will advise you to study how to read candlesticks formation from https:// babypip.com. It depends on the body of the candlestick, green body do not necessarily mean buying signal and red body also do not mean sell. You need to know pin bar, hammer and full body, abandoned baby and morning star.
Thanks for sharing.Can it be used for altcoin trading, or specifically for forex?
and the red candlestick is the sellers, so I think the link you gave at least was a big help for me to understand more about in reading the candlestick.
I am not alone, this is my ability. I only know green and red. At least it can help to know when to sell and buy.
and always use management of money in trading, it will gives maximal profit in trading too
in my opinions the skill of reading the candle chart is not enough.
Op I will advise you to study how to read candlesticks formation from https:// babypip.com. It depends on the body of the candlestick, green body do not necessarily mean buying signal and red body also do not mean sell. You need to know pin bar, hammer and full body, abandoned baby and morning star.
Thanks for sharing.Can it be used for altcoin trading, or specifically for forex?
and the red candlestick is the sellers, so I think the link you gave at least was a big help for me to understand more about in reading the candlestick.
I am not alone, this is my ability. I only know green and red. At least it can help to know when to sell and buy.
Op I will advise you to study how to read candlesticks formation from https:// babypip.com. It depends on the body of the candlestick, green body do not necessarily mean buying signal and red body also do not mean sell. You need to know pin bar, hammer and full body, abandoned baby and morning star.
Thanks for sharing.Can it be used for altcoin trading, or specifically for forex?
and the red candlestick is the sellers, so I think the link you gave at least was a big help for me to understand more about in reading the candlestick.
Op I will advise you to study how to read candlesticks formation from https:// babypip.com. It depends on the body of the candlestick, green body do not necessarily mean buying signal and red body also do not mean sell. You need to know pin bar, hammer and full body, abandoned baby and morning star.
Thanks for sharing.Can it be used for altcoin trading, or specifically for forex?
Hence, the only key to safe guard ourselves : trading with proper stop-loss levels.
How long should I learn about candle stick ?.
I often see friends giving their description and analysis by displaying charts. Persuaded me to buy or hold. Still I do not believe, and hesitate.
The market you show is so illiquid... Your candlestick patterns alone won't give you any edge, even in liquid markets.
The picture you show has too less data, you cannot draw any reliable conclusions...
Candle does not have to open at the previous close price. Bid and ask change, probably readjusted at open time. Especially in crypto... Spreads are also very high, leads to open prices different from last close....
Also, don't pay attention to all other replies. They are all amateurs
The picture you show has too less data, you cannot draw any reliable conclusions...
Candle does not have to open at the previous close price. Bid and ask change, probably readjusted at open time. Especially in crypto... Spreads are also very high, leads to open prices different from last close....
Also, don't pay attention to all other replies. They are all amateurs
Op I will advise you to study how to read candlesticks formation from https:// babypip.com. It depends on the body of the candlestick, green body do not necessarily mean buying signal and red body also do not mean sell. You need to know pin bar, hammer and full body, abandoned baby and morning star.
Thanks for sharing.Can it be used for altcoin trading, or specifically for forex?
Hence, the only key to safe guard ourselves : trading with proper stop-loss levels.
Op I will advise you to study how to read candlesticks formation from https:// babypip.com. It depends on the body of the candlestick, green body do not necessarily mean buying signal and red body also do not mean sell. You need to know pin bar, hammer and full body, abandoned baby and morning star.
Thanks for sharing.Can it be used for altcoin trading, or specifically for forex?
as I understand in the candlestick green is the buyers and red is the sellers, then aside from that the line which
I saw in the chart is idon't know the exact meaning of it.
Green candlesticks indicate that the price, which the candlestick closed at, is higher than the price it opened at (buyers are more than sellers). Red candlesticks indicate the opposite (sellers are more than buyers). I saw in the chart is idon't know the exact meaning of it.
Hi Everyone,
I am trading for the first time on Bitfinex, and have what's hopefully a simple question.
In the image above, I put a box around two candlesticks. From reading articles, I'd expect the open and close prices to match up. But then why does the top of the first candlestick not align with the top of the second?
Thanks in advance!
as I understand in the candlestick green is the buyers and red is the sellers, then aside from that the line which I am trading for the first time on Bitfinex, and have what's hopefully a simple question.
In the image above, I put a box around two candlesticks. From reading articles, I'd expect the open and close prices to match up. But then why does the top of the first candlestick not align with the top of the second?
Thanks in advance!
I saw in the chart is idon't know the exact meaning of it.
Op I will advise you to study how to read candlesticks formation from https:// babypip.com. It depends on the body of the candlestick, green body do not necessarily mean buying signal and red body also do not mean sell. You need to know pin bar, hammer and full body, abandoned baby and morning star.
because candles represent what happened in orders not in orderbooks. by that i mean they represent the trades that happen not the orders that was opened up.
lets assume these are hourly candles. first one showing 1 PM to 2PM and second one 2PM to 3PM
lets say previous candle was closed at 1000 satoshi that means in the time frame of that candle the last order that was filled happened on 1000 satoshi @ 1:58.
the next order that is filled happens @ 2:30 PM and it happens on 800 satoshi. that means in that 32 minute time frame nobody made any trades but orders went up and down, people removed their buy order and placed them lower and others removed their sell orders and placed them at lower prices too. so the next order was executed at 800 satoshi and the candle represents that as the open price.
lets assume these are hourly candles. first one showing 1 PM to 2PM and second one 2PM to 3PM
lets say previous candle was closed at 1000 satoshi that means in the time frame of that candle the last order that was filled happened on 1000 satoshi @ 1:58.
the next order that is filled happens @ 2:30 PM and it happens on 800 satoshi. that means in that 32 minute time frame nobody made any trades but orders went up and down, people removed their buy order and placed them lower and others removed their sell orders and placed them at lower prices too. so the next order was executed at 800 satoshi and the candle represents that as the open price.
Well am actually good at reading candle sticks as a result of reading a lot of books and watching videos .. you should try it out some time..
green candle means buyers(bull) are in the market so the prices opens in a position down and closes in a position up were the buyers have leave the market. because when buyers are in the market, the willingness to buy and demand increases and so it drives the price up
red candle means sellers(bears) are in the market so the prices opens in a position up and closes in a position down were the sellers have leave the market because when sellers are in the market, the willingness to sell and supply increases and so it pushes the price down
so what happened there is that when the buyers had left the market indicated by the closure of the green candle, the seller came in but the sellers were willing to sell at a price much lower than the last price at which the said coin was being bought. so it resulted in red can candle opening up as usual but a little bit down from where the green candle closed up...
hope that answered your questions ...
green candle means buyers(bull) are in the market so the prices opens in a position down and closes in a position up were the buyers have leave the market. because when buyers are in the market, the willingness to buy and demand increases and so it drives the price up
red candle means sellers(bears) are in the market so the prices opens in a position up and closes in a position down were the sellers have leave the market because when sellers are in the market, the willingness to sell and supply increases and so it pushes the price down
so what happened there is that when the buyers had left the market indicated by the closure of the green candle, the seller came in but the sellers were willing to sell at a price much lower than the last price at which the said coin was being bought. so it resulted in red can candle opening up as usual but a little bit down from where the green candle closed up...
hope that answered your questions ...
I find bitfinex charts so buggy like this. There is supposed to be a wick showing the extreme prices during that one period. It's almost like the zoom in on candles from the middle of that 30 minute period rather than taking all of the 30 minutes into account. Either way it should never look like that. Their software screwed up. I'd suggest a different exchange. Didn't they have a ton of problems lately? Like the huge ETH hack!?
From my experience with trading so far, your chart is zoomed in 6h in 30-minute periods with a candlestick every single minute. What happened between those two candlesticks is hard to be explained without an example.
Example:
Let's assume that the green candlestick opened at 1000 and closed at 1200. At the last second of the one-minute period (00:00:59), a trade has been completed at 1100, but it was recorded at the second one-minute period (00:01:00), so the red candlestick opened at 1100 and closed at 1060, that's why the second (red) candlestick seems right at the half of the green one, instead of aligning with the top of the green candlestick.
This happens most of the time when there is a gap between buy and sell bids.
Example:
Let's assume that the green candlestick opened at 1000 and closed at 1200. At the last second of the one-minute period (00:00:59), a trade has been completed at 1100, but it was recorded at the second one-minute period (00:01:00), so the red candlestick opened at 1100 and closed at 1060, that's why the second (red) candlestick seems right at the half of the green one, instead of aligning with the top of the green candlestick.
This happens most of the time when there is a gap between buy and sell bids.
Hi Everyone,
I am trading for the first time on Bitfinex, and have what's hopefully a simple question.
In the image above, I put a box around two candlesticks. From reading articles, I'd expect the open and close prices to match up. But then why does the top of the first candlestick not align with the top of the second?
Thanks in advance!
I'm not quite good about reading in the candlestick especially using bitfinex because I most often used I am trading for the first time on Bitfinex, and have what's hopefully a simple question.
In the image above, I put a box around two candlesticks. From reading articles, I'd expect the open and close prices to match up. But then why does the top of the first candlestick not align with the top of the second?
Thanks in advance!
Bitrrex as my exchange site platform were I do trade everyday. And in idea about it was if you see green candlestick it means the buyers win then if red candlestick it means sellers win.
Technically it´s called a GAP.
Im not a pro trader, but if there is an event that causes a big price diference right between the two trading periods (the trading periods in this type of chart are the candlesticks) then you see this different.
I can´t go further in my explanation but i will sure try to learn more about it. Good eye for details btw.
Im not a pro trader, but if there is an event that causes a big price diference right between the two trading periods (the trading periods in this type of chart are the candlesticks) then you see this different.
I can´t go further in my explanation but i will sure try to learn more about it. Good eye for details btw.
Hi Everyone,
I am trading for the first time on Bitfinex, and have what's hopefully a simple question.
https://i.imgur.com/BMXaTC7.png
In the image above, I put a box around two candlesticks. From reading articles, I'd expect the open and close prices to match up. But then why does the top of the first candlestick not align with the top of the second?
Thanks in advance!
I am trading for the first time on Bitfinex, and have what's hopefully a simple question.
https://i.imgur.com/BMXaTC7.png
In the image above, I put a box around two candlesticks. From reading articles, I'd expect the open and close prices to match up. But then why does the top of the first candlestick not align with the top of the second?
Thanks in advance!
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