We know that not all candles are the same. Statistically, various candle patterns are only as reliable as flipping a coin. I’m stating this, having analyzed candle patterns in the past early in my journey. Many don’t talk about looking at each candle for what it is and reading the story that it tells you. Every candle tells us a battle that was fought and which side won. It’s still a reflection of the past, but the momentum and energy carry forward, usually ending with a climax where the tides shift.

Similar to how many have enlightened my understanding in this journey, I want to share a bit of my knowledge with you today. I’m calling this the KISS candle analysis (KISS = keep it simple, stupid). The idea is that a few simple things can tell us a lot more than a complicated bunch of indicators, trend lines , fibs, pivots , fractals, etc. All we need to know is in the candle right there in front of us. Let’s get right into it!

What we have is the weekly candle chart of BTC . I’ve highlighted the area showing the 5-week candles (I) in the recent past and the area from the past four weeks. They look somewhat similar, and some might call these even the same. However, reading each candle in detail tells us a different story. Each wick at the top of the past candles shows us a strong bearish force fighting the price down and then winning for a short while. Also, the bullish force that fought it. We can get an idea of that force and compare it to what we have witnessed over the past three weeks. Are they now the same? Which side is winning this battle, and how much further in the direction will the price reach, its top and the bottom? Is there a minimum distance price must travel in either direction?

Share your thoughts in the comments, and if I sparked your curiosity, please like so others might also join this discussion. I’m happy to share more if there is interest.