What do those rows of red and green bars on the market page actually mean?
One thing: the thick part in the middle of a candlestick is called the body, and the thin lines extending from either end are the wicks. The tip of the upper wick marks the highest price during that period.
A long upper wick is often interpreted as the price hitting selling pressure after rising, while a long lower wick often suggests buyers stepped in at a low. But one candlestick can’t tell you what will happen next.
Remember this, and you’ll be better off than memorizing a bunch of jargon. Be extra skeptical of projects promising stable, high returns.
One more thing: $BTC is currently at 68228.91 (24h -3.38%).
#BTC
Just my personal opinion, not investment advice.
One thing: the thick part in the middle of a candlestick is called the body, and the thin lines extending from either end are the wicks. The tip of the upper wick marks the highest price during that period.
A long upper wick is often interpreted as the price hitting selling pressure after rising, while a long lower wick often suggests buyers stepped in at a low. But one candlestick can’t tell you what will happen next.
Remember this, and you’ll be better off than memorizing a bunch of jargon. Be extra skeptical of projects promising stable, high returns.
One more thing: $BTC is currently at 68228.91 (24h -3.38%).
#BTC
Just my personal opinion, not investment advice.
