【Definition】What does a single candlestick actually tell you?
Cryptocurrency markets operate around the clock, year-round. The “open” of a daily candlestick is simply a point in time determined by the time zone. Binance’s daily candlesticks are by default divided at 00:00 UTC (08:00 Beijing time), depending on the chart’s time zone setting.
The same market movement can look completely different across different timeframes: a bullish candlestick on the daily chart might show both bullish and bearish candles on the hourly chart.
Corresponding coin: $BTC , trading at 82970 (24h -0.19%).
Understanding the principles helps you make more informed decisions; it is not a way to predict market movements.
#BTC
Cryptocurrency markets operate around the clock, year-round. The “open” of a daily candlestick is simply a point in time determined by the time zone. Binance’s daily candlesticks are by default divided at 00:00 UTC (08:00 Beijing time), depending on the chart’s time zone setting.
The same market movement can look completely different across different timeframes: a bullish candlestick on the daily chart might show both bullish and bearish candles on the hourly chart.
Corresponding coin: $BTC , trading at 82970 (24h -0.19%).
Understanding the principles helps you make more informed decisions; it is not a way to predict market movements.
#BTC