What does a single candlestick actually tell you?
A candlestick shows four prices over a specific period: the opening price, highest price, lowest price, and closing price.
A long upper wick is often interpreted as selling pressure after the price rises, while a long lower wick is often seen as buyers stepping in at lower levels. But a single candlestick can't tell you what will happen next.
A quick look: $BTC — current price 83524.64, 24h +2.66%.
Understand the principles before you act, and don't make decisions on impulse.
#BTC
A candlestick shows four prices over a specific period: the opening price, highest price, lowest price, and closing price.
A long upper wick is often interpreted as selling pressure after the price rises, while a long lower wick is often seen as buyers stepping in at lower levels. But a single candlestick can't tell you what will happen next.
A quick look: $BTC — current price 83524.64, 24h +2.66%.
Understand the principles before you act, and don't make decisions on impulse.
#BTC