Someone asked: What exactly does a candlestick record?
My answer: By default, Binance uses green for upward movement and red for downward movement, but you can switch the settings to red for up and green for down. The length of the candle body shows the price change from open to close during that period, while the wicks show how far the price bounced back after dipping during the session.
$BTC 83380 (+1.64%)
Have you run into any pitfalls with this? Share them so others can avoid the same mistakes.
My answer: By default, Binance uses green for upward movement and red for downward movement, but you can switch the settings to red for up and green for down. The length of the candle body shows the price change from open to close during that period, while the wicks show how far the price bounced back after dipping during the session.
$BTC 83380 (+1.64%)
Have you run into any pitfalls with this? Share them so others can avoid the same mistakes.