Quote from: Natalim on August 19, 2022, 12:53:09 PM

Quote from: coinmanhere on August 19, 2022, 04:27:59 AM

Ok so when i started with trading I try to learn so much about candlestick patterns but when i started looking at other traders on YouTube and even generally online I hardly see anyone even consider them while trading yeah they might look at color of candle but that's all. Specially those advance candlestick patterns like rising soldiers and all that, I don't even remember anyone even mention them once while trading or in any tutorial. So my question is for trading veterans here do they use it or is it really overrated thing which serve no purpose in real time trading?

The candlestick pattern is commonly used as the basis for trading analysis. It is somewhat telling us what is already happening in the market and that is only its purpose. But if we think that this could help us to predict what will happens next, yes it was, however, this couldn't give assurance that our analysis will be right. We still are aware of the situation that the candlestick represents the changes that happen in the past, not the future.

I am one of it. I look at the flow of the candle stick to know the next movement of the coin but like you said sometimes it work and sometimes not. We shouldn't forget that there are still other factors which can affect the price of the coins. There is also fundamental analysis other than technical analysis which we can use to improve our predictions.

Maybe the op is watching an actual trade and not a step by step guide about trading because some advanced traders will use other methods which they think more helpful. Don't worry @OP you are not missing anything. Just continue learning and practicing, you will soon get better in trading.