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๐Ÿ’ก What is a Japanese candlestick? If you're just starting out in crypto, this is the first thing you need to understand ๐Ÿ‘‡ When you see a chart filled with green and red bars, you're looking at Japanese candlesticks. ๐Ÿ“Œ Simple explanation: ๐ŸŸข Green candle โ†’ The price went up (closed higher than it opened) ๐Ÿ”ด Red candle โ†’ The price went down (closed lower than it opened) ๐Ÿ•ฏ๏ธ Parts of a candle: โ€ข Body: opening and closing prices โ€ข Upper wick: highest price โ€ข Lower wick: lowest price ๐Ÿ“Š Example with BTC: If BTC opens at 40,000 and closes at 41,000 โ†’ green candle If it opens at 41,000 and closes at 40,500 โ†’ red candle ๐Ÿ‘‰ Understanding this is the first step to reading any chart. ๐Ÿ“ฉ In the next post, you'll learn about support and resistance, explained just as easily. $BTC #TradingBasico #BinanceSquare #AprendeCripto #CriptoFacil
๐Ÿ’ก What is a Japanese candlestick?

If you're just starting out in crypto, this is the first thing you need to understand ๐Ÿ‘‡

When you see a chart filled with green and red bars, you're looking at Japanese candlesticks.

๐Ÿ“Œ Simple explanation:

๐ŸŸข Green candle
โ†’ The price went up (closed higher than it opened)

๐Ÿ”ด Red candle
โ†’ The price went down (closed lower than it opened)

๐Ÿ•ฏ๏ธ Parts of a candle:
โ€ข Body: opening and closing prices
โ€ข Upper wick: highest price
โ€ข Lower wick: lowest price

๐Ÿ“Š Example with BTC:
If BTC opens at 40,000 and closes at 41,000 โ†’ green candle
If it opens at 41,000 and closes at 40,500 โ†’ red candle

๐Ÿ‘‰ Understanding this is the first step to reading any chart.

๐Ÿ“ฉ In the next post, you'll learn about support and resistance, explained just as easily.

$BTC
#TradingBasico
#BinanceSquare
#AprendeCripto
#CriptoFacil
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