Everyone, this is an essential concept to understand: how to read candlestick charts!
A candle is bullish when the closing price is higher than the opening price, and bearish when the closing price is lower. When the opening and closing prices are about the same, it’s usually called a doji.
A long upper wick is often interpreted as selling pressure after the price rises, while a long lower wick often suggests buyers are stepping in below. But a single candlestick can’t tell you what will happen next.
Back to the charts: $BTC is quoted at 68284.01 (24h -3.68%).
Save this and take your time reading it 👇
Personal notes only; not investment advice.
A candle is bullish when the closing price is higher than the opening price, and bearish when the closing price is lower. When the opening and closing prices are about the same, it’s usually called a doji.
A long upper wick is often interpreted as selling pressure after the price rises, while a long lower wick often suggests buyers are stepping in below. But a single candlestick can’t tell you what will happen next.
Back to the charts: $BTC is quoted at 68284.01 (24h -3.68%).
Save this and take your time reading it 👇
Personal notes only; not investment advice.