LTCUSDT candle/volume (VSA) Spotting CO involvement.
Trying to memorize the names of candles and trying to spot 2 and 3 candle patterns can be difficult and in many ways a waste of time. To make your life easier what I think is more valuable and easier to do is analyze the individual candle and its associated volume.
The green horizontal is a previous support. Support, resistance, EMA's and fib are the areas where you want to start looking for these high tail/high volume candles.
To the right of teh screen there are 2 slightly different scenarios . The volume is the same but the spread is different. The candles on the left are high tail/high volume. The candles to the right are high volume candles that close near or on the low. Out of the two options, which if the two patterns are more bullish? Its easy to see.
Now there are a few other variables that must be considered. This is just an isolated example of a 5 % move.
Refer to Wyckoff/VSA for further explanation/entry etc.
The green horizontal is a previous support. Support, resistance, EMA's and fib are the areas where you want to start looking for these high tail/high volume candles.
To the right of teh screen there are 2 slightly different scenarios . The volume is the same but the spread is different. The candles on the left are high tail/high volume. The candles to the right are high volume candles that close near or on the low. Out of the two options, which if the two patterns are more bullish? Its easy to see.
Now there are a few other variables that must be considered. This is just an isolated example of a 5 % move.
Refer to Wyckoff/VSA for further explanation/entry etc.