If you’re not what it is called a die-hard or seasoned crypto trader, then you may not know about candlesticks, even though they are considered to be one of the most important tools for crypto traders, when it comes to finding buying and selling areas in crypto charts.
Candlesticks are a big deal in crypto since the investment process goes well beyond simply purchasing a token and monitoring its performance in the market. There’s an unwritten law most expert traders stick by. This law says that not investing at the wrong time is more valuable than investing at the right time.
Most seasoned traders use something called Technical Analysis, a process that takes into account the history of a coin with price charts and trading volumes, irrespective of what the coin actually does. The concept is based on the Dow Theory, which assumes several aspects of the market when assessing its overall performance. Technical analysis often involves candlesticks, and that is why they are important.
What exactly are candlesticks?
To put it as…