How To Trade Cryptocurrencies on btc-e using candle sticks

Candle sticks was created to help traders both in the forex and stock market to be able to analyze the market before starting to trade.Since cryptocurrency was introduce into the market,there was need for infrastructure in order for easy transaction to be there.This resulted to exchanges being created thus many traders who were involved in forex ,stock and commodity trading also decided to venture into cryptocurrency trading.As a result,new traders without the knowledge of analysing the market also joined the cryptocurreny trading market.Today i have decided to help those new traders or existing traders who have always wanted to know how those candle sticks work so that they can know when is the good time to enter and exit the market.Before i can begin,i know that everytime you login into your btc-e account,you normally see two colours ,red and green.I will make sure to explain to you about what each colour indicate in the market in easy understandable language.

1.Green candle sticks

For green candle stick,it means that the price is about to go up.According to me,i would encourage you to enter the market when there is a long green candle stick since the price of cryptocurrency will be considered to be rising at that market.When you have bought the cryptocurrency at that market,make sure to hoard it in that market until the price goes higher than what you purchased at thus you will make profit .

2.Red candle sticks

For red candle stick,it means that the price of cryptocurrency is about to start going down.According to me,i would encourage you to exit the market here provided that during your purchase at green candle stick,the price of cryptocurrency at red candle stick will be higher than what you purchased while at green candle stick.This will help you to make profit thus enabling you to look for another opportunity available.

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