Bitcoin (BTC) Chart - Japanese Candlesticks Vs. Heikin Ashi
On the left side: BTC chart with japanese candlesticks (full of noises that hinder our trading decisions).
On the right side: The same chart but with Heikin Ashi candlesticks (much cleaner and more defined which helps our trading decisions).
Heikin Ashi was developed by Munehisa Homma in the 1700s and share some characteristics with standard japanese candlestick, but differ based on the values used to create each candle. Instead of using the open, high, low, and close like japanese candlesticks, the Heikin-Ashi technique uses a modified formula based on two-period averages. This gives the chart a smoother appearance, making it easier to spots trends and reversals.
Tip: Heikin Ashi is ideal for swing trading.
On the right side: The same chart but with Heikin Ashi candlesticks (much cleaner and more defined which helps our trading decisions).
Heikin Ashi was developed by Munehisa Homma in the 1700s and share some characteristics with standard japanese candlestick, but differ based on the values used to create each candle. Instead of using the open, high, low, and close like japanese candlesticks, the Heikin-Ashi technique uses a modified formula based on two-period averages. This gives the chart a smoother appearance, making it easier to spots trends and reversals.
Tip: Heikin Ashi is ideal for swing trading.
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⚡ AI Alerts: cryptosrocket.com/alerts
₿: cryptosrocket.com/crypto/BTC/bitcoin
Cryptos Rocket App (iOS): cryptosrocket.com/ios
Cryptos Rocket App (Android): cryptosrocket.com/android
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