Why does a candlestick sometimes have such long wicks?
The thicker part of a candlestick is called the body, and the thin lines extending above and below it are called wicks. The highest point of the upper wick is the highest price during that period.
Judging by just a few candlesticks can be misleading, so it's best to look at a longer time frame and trading volume as well.
And here's a quick market update: $BTC is at 82702.01, down 0.49% over 24h.
If you have a friend who's new to this, feel free to share it with them.
#BTC
The thicker part of a candlestick is called the body, and the thin lines extending above and below it are called wicks. The highest point of the upper wick is the highest price during that period.
Judging by just a few candlesticks can be misleading, so it's best to look at a longer time frame and trading volume as well.
And here's a quick market update: $BTC is at 82702.01, down 0.49% over 24h.
If you have a friend who's new to this, feel free to share it with them.
#BTC