A green candle does not mean the price is going up — it only means buyers won that one round.
1. Every candlestick shows four prices: open, close, high, and low. The thick body is open to close, the thin wicks are the high and low.
2. A green body means the price closed higher than it opened. A red body means it closed lower. That is all the colour tells you.
3. A long upper wick means sellers pushed the price back down from the top. A long lower wick means buyers stepped in and pushed it back up.
4. A small body with long wicks on both sides is a doji — buyers and sellers fought to a draw, and the market is undecided.
5. One candle never tells the whole story. Read it with the candles around it and the trend behind it before you decide anything.
6. Start on the daily chart. Higher timeframes filter out the noise that tricks beginners on 5-minute charts.
The rule: Trade what the candle closes, never what it flashes mid-way.
Which candlestick pattern confused you the most when you first started reading charts?
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1. Every candlestick shows four prices: open, close, high, and low. The thick body is open to close, the thin wicks are the high and low.
2. A green body means the price closed higher than it opened. A red body means it closed lower. That is all the colour tells you.
3. A long upper wick means sellers pushed the price back down from the top. A long lower wick means buyers stepped in and pushed it back up.
4. A small body with long wicks on both sides is a doji — buyers and sellers fought to a draw, and the market is undecided.
5. One candle never tells the whole story. Read it with the candles around it and the trend behind it before you decide anything.
6. Start on the daily chart. Higher timeframes filter out the noise that tricks beginners on 5-minute charts.
The rule: Trade what the candle closes, never what it flashes mid-way.
Which candlestick pattern confused you the most when you first started reading charts?
$BTC $ETH #CryptoForBeginners #BinanceSquare #Write2Earn