What is a candlestick in cryptocurrency?
Could you please explain in simple terms what a candlestick represents in the world of cryptocurrency? I've heard it mentioned frequently but am still unclear on its significance and how it relates to trading decisions. Are there any specific patterns or formations within candlestick charts that traders often look out for, and how do they help in predicting <a href="https://www.btcc.com/en-US/markets/coinInfo" title="market">market</a> movements?
What is the difference between candlestick and Kagi?
Could you please elaborate on the key differences between a candlestick chart and a Kagi chart in the realm of <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> and financial analysis? How do these two charting methods differ in their representation of market trends, price movements, and decision-making processes for traders? Additionally, in which scenarios would one type of chart be more advantageous to utilize over the other?