Learning To Understand Market Chart
As a crypto newbie who is about to become serious in the crypto space, it is advisable that I start learning most of the basic things in crypto, like understanding the crypto chart. Few months ago when I opened a crypto chart, for a moment there I was confused because it had a lot of bars, green and red candles. Took some time to learn how the candles work. Apparently if the candle is going up it shows green colour when moving up and if its going down, shows red colour when going down. Green candle going up means the price is going up, while red candle going down means that the price is reducing. I must say that the crypto market is quite volatile, increasing and reducing rapidly. There are lots of other things involved, like some candle stick analysis, with their different representation and what is expected of them. Its becoming quite interesting, being able to predict the direction of the market by what candle the chart displays. Although, looking back at the chart history, the chart style dont always predict the next movement of the market.
Heard a lot of people making money from trading the market, I would like to learn how to do that, still heard that a lot of people also lose money from the market, guess its all a risk, just like life. The gurus on social media try to make it feel like it is very easy to make money on crypto trading but I don’t want to fall for their theatrics, I know there is more attached to it. So I will be taking my time to learn about it. Glad I have the Hive community to come and learn about real life experience through reading people’s blog post on Leofinance, at least here, no one is an influencer to butter up stuff to make it seem like making money is as easy as the social media influencers tend to make it look. Here everyone is saying based on their experience and in their purest form, so I dont mind taking part of my crypto lessons here. I will be spending more time on crypto market charts to learn the market, at least just so I can have idea of it as its part of my crypto journey experience. Once again, thank you for coming to my blog, and comments will be appreciated, see you on the next post. Bye.
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