Crypto Basics｜What exactly does a single candlestick tell you?
Candlesticks can be viewed across different timeframes: 1 minute, 15 minutes, 1 hour, 4 hours, daily, weekly, and so on. The longer the timeframe, the more trading activity a single candlestick represents.
A long upper wick is often interpreted as the price hitting selling pressure after a surge, while a long lower wick is often taken to mean there are buyers below. But a single candlestick can’t tell you what will happen next.
As an aside: $BTC reports 68412.88 (24h -4.16%).
Don’t trade with borrowed money; the pressure can push you into making the wrong decisions.
Candlesticks can be viewed across different timeframes: 1 minute, 15 minutes, 1 hour, 4 hours, daily, weekly, and so on. The longer the timeframe, the more trading activity a single candlestick represents.
A long upper wick is often interpreted as the price hitting selling pressure after a surge, while a long lower wick is often taken to mean there are buyers below. But a single candlestick can’t tell you what will happen next.
As an aside: $BTC reports 68412.88 (24h -4.16%).
Don’t trade with borrowed money; the pressure can push you into making the wrong decisions.