Chart analysis is effective on highly liquid assets like BTC/ETH, but is basically ineffective on altcoins—altcoin prices are driven more by narratives, fund flows, and whale actions, with candlesticks being just a surface phenomenon.
For small retail traders, don’t put 100% of your effort into watching candlestick charts. A reasonable allocation is 30% charts + 30% narrative “temperature” + 40% fund-flow direction + the mindset behind your holdings.
For small retail traders, don’t put 100% of your effort into watching candlestick charts. A reasonable allocation is 30% charts + 30% narrative “temperature” + 40% fund-flow direction + the mindset behind your holdings.