🕯️ What is the “wick” on a crypto chart? I’ll explain in 30 seconds
Each candlestick shows what the price did over a period of time. The body shows the opening and closing prices. The wick (or shadow) is the thin line extending from the body that shows how far the price went.
📌 Long lower wick: the price fell significantly but rose again before closing. This shows there was buying in that area.
📌 Long upper wick: the price rose but couldn’t hold its gains and fell again. This shows there was selling in that area.
⚠️ A wick on its own can’t predict what comes next. It’s just a clue, and it’s worth looking at the following candlesticks and the volume before drawing conclusions.
Educational content and personal opinion, not investment advice.
Did you already know how to read wicks on a chart, or is this new to you? Tell me in the comments 👇
#BTC #cripto #Iniciantes $BTC $SOL
Each candlestick shows what the price did over a period of time. The body shows the opening and closing prices. The wick (or shadow) is the thin line extending from the body that shows how far the price went.
📌 Long lower wick: the price fell significantly but rose again before closing. This shows there was buying in that area.
📌 Long upper wick: the price rose but couldn’t hold its gains and fell again. This shows there was selling in that area.
⚠️ A wick on its own can’t predict what comes next. It’s just a clue, and it’s worth looking at the following candlesticks and the volume before drawing conclusions.
Educational content and personal opinion, not investment advice.
Did you already know how to read wicks on a chart, or is this new to you? Tell me in the comments 👇
#BTC #cripto #Iniciantes $BTC $SOL