Candlestick patterns are crucial in trading. Each candle has a body and a wick, and its color represents buying or selling pressure. Different patterns indicate market sentiment and trend direction.
Crypto technical analysis involves studying past price movements to forecast future movements. Traders use candlestick charts, pivot point trading, and Fibonacci retracements to analyze trends and make trading decisions.
Dollar-Cost Averaging (DCA) is a strategy where a fixed amount of an asset is periodically purchased, regardless of the asset’s current price, to mitigate risk and potentially reduce cost basis.