Let’s talk about how to read candlestick charts.
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 each candlestick covers.
One thing worth thinking about: the body’s length shows the price movement from open to close during that period, while the wick’s length shows how much the price retreated after rising to a peak.
When comparing candlesticks, remember to check the timeframe and color settings first, so you don’t mistake a downward move for an upward one.
Coin mentioned: $BTC . Current price: 67611.83 (24h -3.16%).
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 each candlestick covers.
One thing worth thinking about: the body’s length shows the price movement from open to close during that period, while the wick’s length shows how much the price retreated after rising to a peak.
When comparing candlesticks, remember to check the timeframe and color settings first, so you don’t mistake a downward move for an upward one.
Coin mentioned: $BTC . Current price: 67611.83 (24h -3.16%).