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$BTC THIS IS WHAT I HAD TO ANALYZE AND LEARN.
Candlestick Psychology: They aren't just drawings, they're people!
To trade like a pro or at a high level, you need to stop seeing lines and start reading minds. Based on the teachings of masters Steve Nison (the father of candlesticks) and Mark Douglas (the psychology guru), I understood that a candle is the sum of real-time value perceptions.
1. The Anatomy of the War (according to Nison):
Body: This is conviction. If it's big, one side has total control.
Wicks: This represents rejection. The trace of where traders "blinked" and pulled back.
2. Patterns with Meaning (Douglas's Psychology):
Hammer at Support: The moment where panic surrenders to hope. The strong hand absorbs the retail supply.
Shooting Star: Reality crushing greed. Buyers get trapped in excess euphoria.
3. The Golden Rule:
As Douglas said: "The market owes you nothing." Don't trade the drawing, trade the psychology of the level (Support/Resistance) where the candle appears.
Are you reading the war or just looking at colors?
IT HAS WORKED FOR ME, I MAINLY TRADE IN SCALPING AND I HAVE STOPPED LOSING MONEY
#Trading #BinanceSquare #SteveNison #MarkDouglas #CryptoEducation
Candlestick Psychology: They aren't just drawings, they're people!
To trade like a pro or at a high level, you need to stop seeing lines and start reading minds. Based on the teachings of masters Steve Nison (the father of candlesticks) and Mark Douglas (the psychology guru), I understood that a candle is the sum of real-time value perceptions.
1. The Anatomy of the War (according to Nison):
Body: This is conviction. If it's big, one side has total control.
Wicks: This represents rejection. The trace of where traders "blinked" and pulled back.
2. Patterns with Meaning (Douglas's Psychology):
Hammer at Support: The moment where panic surrenders to hope. The strong hand absorbs the retail supply.
Shooting Star: Reality crushing greed. Buyers get trapped in excess euphoria.
3. The Golden Rule:
As Douglas said: "The market owes you nothing." Don't trade the drawing, trade the psychology of the level (Support/Resistance) where the candle appears.
Are you reading the war or just looking at colors?
IT HAS WORKED FOR ME, I MAINLY TRADE IN SCALPING AND I HAVE STOPPED LOSING MONEY
#Trading #BinanceSquare #SteveNison #MarkDouglas #CryptoEducation
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