LESSON 7
📊 HOW TO READ A CRYPTO CHART
Today we learn how to understand the basic Binance price chart before making a trade.
1️⃣ Candlesticks 🕯️
Each candle shows how the price moved during a specific period.
🟢 Green candle — price closed higher than it opened.
🔴 Red candle — price closed lower than it opened.
A candle has:
Open — starting price
Close — ending price
High — highest price
Low — lowest price
2️⃣ Timeframes ⏱️
Binance allows you to change the timeframe.
Examples:
1m — 1 minute
15m — 15 minutes
1H — 1 hour
4H — 4 hours
1D — 1 day
A chart can look very different depending on the timeframe.
3️⃣ Trend 📈
A simple way to observe the market:
📈 Uptrend → prices generally move upward
📉 Downtrend → prices generally move downward
➡️ Sideways → price moves within a range
4️⃣ Don't Trade From One Candle
One green candle does not automatically mean the price will continue rising.
Look at: ✅ Several candles
✅ Trend
✅ Volume
✅ Timeframe
✅ Support and resistance
🎯 LESSON 7 TASK
Open a BTC/USDT chart on Binance.
Don't buy or sell.
Identify:
Current timeframe
One green candle
One red candle
Whether the recent movement looks upward, downward, or sideways
Next lesson: 🧱 Support & Resistance — two important concepts for understanding price movement.
📊 HOW TO READ A CRYPTO CHART
Today we learn how to understand the basic Binance price chart before making a trade.
1️⃣ Candlesticks 🕯️
Each candle shows how the price moved during a specific period.
🟢 Green candle — price closed higher than it opened.
🔴 Red candle — price closed lower than it opened.
A candle has:
Open — starting price
Close — ending price
High — highest price
Low — lowest price
2️⃣ Timeframes ⏱️
Binance allows you to change the timeframe.
Examples:
1m — 1 minute
15m — 15 minutes
1H — 1 hour
4H — 4 hours
1D — 1 day
A chart can look very different depending on the timeframe.
3️⃣ Trend 📈
A simple way to observe the market:
📈 Uptrend → prices generally move upward
📉 Downtrend → prices generally move downward
➡️ Sideways → price moves within a range
4️⃣ Don't Trade From One Candle
One green candle does not automatically mean the price will continue rising.
Look at: ✅ Several candles
✅ Trend
✅ Volume
✅ Timeframe
✅ Support and resistance
🎯 LESSON 7 TASK
Open a BTC/USDT chart on Binance.
Don't buy or sell.
Identify:
Current timeframe
One green candle
One red candle
Whether the recent movement looks upward, downward, or sideways
Next lesson: 🧱 Support & Resistance — two important concepts for understanding price movement.