Steemit Crypto Academy Season 4 Beginner's Course - Task 10: Candlestick Patterns.

3개월 전
Greetings everyone

Today I will be presenting my homework task for prof @dilchamo @reminiscence01 ,The lesson was very easy to comprehend,Without wasting much time I will be presenting my homework immediately.

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QUESTIONS


1a) Explain the Japanese candlestick chart? (Original screenshot required).

b) In your own words, explain why the Japanese Candlestick chart is the most used in the financial market.

c) Describe a bullish and a bearish candle. Also, explain its anatomy. (Original screenshot required)


1a) Explain the Japanese candlestick chart? (Original screenshot required).


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A man named Munehisa Homma was the person who was able to come about the Japanese candlestick and it is known to be an ancient style of chart,In the 1770s this man was a rice trader.Due to the affection of all the rice traders on market this was able to influenced and the chart was found.In this days traders on market still make use of the Japanese candlestick in term of analyzing their assests and also to check out all the price exchange on market and how the market is reacting to them. Each time the seller and buyers on market try to make swap on a particular assest this is going to create Japanese candlestick on the chart.In most time we have our Japanese candlestick to be introduced in a graphical way,That is constituting the price movement on the market.In researches the Japanese candlestick has been named to be one of the best or good indicators,Which can be utilized in the cryptocurrency market,Also it help to show all the remarkable changes in our price at all the time and also each time the trader intend to analyze the changes in price on market.

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1b)Why Japanese Candlestick Is The Most Used In The Financial Market


Traders usually utilize the Japanese candlestick in their financial market because it help traders to get the accurate and complete to the changes in price on market at a certain time and this is always in a graphical form on the market chart,Also when buyers and sellers trade,The Japanese candlestick always help to show the various point in price all over the market chart.The candlestick is always displayed in a graphical form on market,That is the supply and demand making it the main component in each time of the price movements on the market chart.

Also traders has mostly been using the Japanese candlestick because it always helps all traders on market to simply get to know the new energy on market chart and helps to know the trend direction that is if they will be increase or decrease in price before he or she start trading.

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"1c. Describe a bullish and a bearish candle. Also, explain its anatomy. (Original screenshot required)"


BEARISH CANDLESTICK


This is a type of candlestick pattern whereby there is an uptrend purposely displaying a turnaround in an opposite direction,When we take this into account it simply tell us that all the price the buyer was not able to discover,Making the seller accomplished to take capabilities.

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source


Anatomy Of A Bearish Candle.


The bearish is made up of four main components high,low,open and close.

HIGH.

Whenever we say the high it is generally the maximum point at which the price on market was accomplished to get to all over the time interval on market,Also when we say the high price it usually tells the traders on market about the way bearish trend was able to make all over the time intervals on market.


LOW.

Whenever we say the low it is generally the maximum point at which the price on market was accomplished to get to all over the time interval on market,Also when we say the low price it usually tells the traders on market about the way bearish trend was able to make all over the time intervals on market.


CLOSE.

Whenever we say close it is usually where the price on market was set to be at the close price of the time interval,In most time this is going to construct a bearish candlestick to have it close price lower as compared to the open price.


OPEN

Whenever we say the open it is usually where the spot was at first,That is all over the starting of the time interval on market,In most time it construct bearish candlestick to have it open price higher as compared to the close price on market.


BULLISH CANDLESTICK


This is a type of candlestick whereby the opening price layer is always below it closing price layer,The bullish candlestick has a quick signal and Maybe sustaining an uptrend direction or movement.With this type of candlestick we have the following colors white or green to be an examples of the bullish candlestick shining colors,These types of colors always rely of type of trading ordering you would like to use.

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source


Anatomy Of A Bullish Candle.


The bullish candlestick is made up of four main components high,low,open and close.

HIGH

Whenever we say the high it is usually the part on the bullish candlestick which always identify all the maximum price which has been recorded in each specific time.


LOW

Whenever we say the low it is usually a part of the bullish candlestick which always shows all the minimum price which has been recorded in each specific time.


CLOSE

Whenever we say close it is usually a part of the bullish candlestick that always mark a complete of the candlestick in a specific time,With this it identify all the previous prices the trader has recorded.


OPEN

Whenever we say the open it is usually a part of bullish candlestick that always straightly identify all the beginning of the movement in price.


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Hello @jelilu67,

Thank you for participating in the #10 Fixed course for Newcomers in the Steemit Crypto Academy.

Your grade on this assignment is as follows:

CriteriaGrade
Presentation/Use of Markdowns0/2
Compliance with topic0/2
Quality of Analysis0/2
Clarity of Language0/2
#club50500/1
Originality0/1
Total0/10

Homework task: 0/10

Feedback and Suggestions :
  • The minimum requirement should be achievement 4 verified. So you can try after completing the requirements.

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