Japanese Candlesticks: My Personal Perspective on Trading

Damn, I'm so tired of all these "gurus" with their perfect analyses! I decided to share my experience with Japanese candles, but without that annoying "expert" nonsense.

I've been trading for several years now, and I'll tell you - Japanese candlesticks have become my main tool in this crazy world of markets. Not because they are perfect, but because they damn well work! When I first saw them, I thought - "what are these strange rectangles with sticks?", but I quickly understood their power.

Look, each candle is a whole story! It shows me not just some damn price line, but the STRUGGLE between the bulls and the bears. The body of the candle indicates who won in a specific period, while the shadows ( or as I call them - "whiskers" ) show how far the prices went before one of the sides gave up.

When I see a candle with a long lower shadow after a drop - for me, it's like the market is screaming: "Hey, idiot, buyers are back!" Especially when this happens at an important support level. Such hammers often reverse the entire trend, although, of course, there are times when they trick you.

What really annoys me is the "analysts" who see a doji candle with a small body ( and immediately scream about a reversal. Nonsense! Context is everything! The same pattern can mean completely different things depending on where it formed.

My favorite combination is absorption. When a huge green candle appears after a downtrend, completely "eating" the previous red one - this is a real buy signal. This way, I caught several great entries in BTC this year.

But here's what I've learned over years of trading - never, damn it, NEVER enter a trade based on just one candlestick pattern! It's a road to nowhere. I always look at volume, indicators, levels, and the overall market picture. Candles are just a part of the puzzle.

And one more piece of advice - it's better to use higher timeframes for cryptocurrencies. The minute charts have so much noise that you can go crazy. The daily or 4-hour chart provides a much clearer picture. I lost a lot of money before I understood this simple truth.

Ultimately, Japanese candlesticks are just a tool. They won't give you a magical formula for wealth, but they will help you better "feel" the market and see where sentiment is currently shifting. And if you learn to read them correctly, you can gain a serious advantage over the crowd of blind traders.