Someone asked: What does a single candlestick actually tell you?
I usually answer like this: If the closing price is higher than the opening price, it’s a bullish candle; if the closing price is lower than the opening price, it’s a bearish candle. If the opening and closing prices are about the same, it’s generally called a doji. The length of the body shows how much the price rose or fell from open to close during that period, while the length of the wicks shows how much the price pulled back after moving higher or lower.
$BTC 83506（+1.14%）
If you get it, type 1. If not, ask away in the comments.
#BTC
I usually answer like this: If the closing price is higher than the opening price, it’s a bullish candle; if the closing price is lower than the opening price, it’s a bearish candle. If the opening and closing prices are about the same, it’s generally called a doji. The length of the body shows how much the price rose or fell from open to close during that period, while the length of the wicks shows how much the price pulled back after moving higher or lower.
$BTC 83506（+1.14%）
If you get it, type 1. If not, ask away in the comments.
#BTC