Introduction to Basics of Technical Charting

What you’ll learn?

1. Introduction to the new and updated trading course by Alex (Crypto Hunter), Founder of Blockcircle.
2. Basics of reading a candlestick chart, which shows price action over a period of time.
3. Candlesticks provide four key pieces of information: lowest price, highest price, open price, and close price.
4. The body of the candlestick represents the open and close prices, while the wicks show the highest and lowest prices within that time period.
5. The color of the candle (usually green for up, red for down) indicates if the price closed higher or lower than the open.
6. Different time frames (daily, 1-hour, 1-minute) are composed of candlesticks from the lower time frame. For example, one daily candle is made up of 24 one-hour candles.
7. Various candlestick patterns and formations can indicate potential price movements (up or down).
8. The course will cover candlestick setups and multiple time frame analysis to provide traders with an edge in the market.

Content Chapters

0:00 – Introduction to the new and updated trading course
0:50 – Basics of reading a candlestick chart
1:46 – Understanding price action on a chart
2:31 – Key information provided by candlesticks
3:30 – Anatomy of a candlestick: body and wicks
4:03 – Time frames and how they relate to candlesticks
5:48 – Various candlestick patterns and their significance
6:20 – Importance of candlestick setups in the trading model
6:38 – Multiple time frame analysis for better trading edgec