๐ Understanding Japanese Candlesticks in Crypto (Beginners) ๐
๐ท ๐ What is a Japanese candlestick?
Candlesticks are the red or green bars on crypto charts.
They represent the price movement of a cryptocurrency over a period (5min, 1h, 1 day...).
๐ท ๐ฉ GREEN Candlesticks = price goes up
๐ท ๐ฅ RED Candlesticks = price goes down
๐ท Small wicks = low volatility
๐ท Large wicks = a lot of movement
๐ท Example of simple interpretation:
๐ฏ๏ธ A green candlestick with a long wick on top:
โก๏ธ Buyers pushed hard,
โก๏ธ But sellers resisted the rise.
๐ฏ๏ธ A red candlestick with a large wick on the bottom:
โก๏ธ Sellers dominated,
โก๏ธ But buyers came back to support the price.
๐ท Why is it important?
โ It helps to spot:
Price rejections
Reversal zones
Moments of buyer/seller pressure
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