🟡I'll explain it simpler: How to understand crypto charts on Binance?
If you opened a crypto chart on Binance and felt like you were watching The Matrix... don't worry. I'll explain it easily:
What are you seeing?
When you enter a crypto (like BTC/USDT, ETH/USDT, etc.) and open its chart, you see candles that go up and down. That chart shows how the price has moved over time.
1. Candles
Each candle represents a time period (it can be 1 minute, 1 hour, 1 day, etc.).
• Green = the price went up during that time.
• Red = the price went down during that time.
• The body of the candle shows the opening and closing price, and the "wicks" or "shadows" show the maximum and minimum price reached.
2. Chart axes
• Vertical axis (right): This is the price of the crypto.
• Horizontal axis (bottom): This is the time (minutes, hours, days… depending on the interval you choose)
3. Volume (below the chart)
Those bars show how many people were buying or selling.
More volume = more movement = more market attention
4. Useful tools (at the top or side)
• Change the time interval (1min, 1h, 4h, 1d…).
• Draw support/resistance lines (if you want to do technical analysis).
• Add indicators like RSI or Moving Averages (optional if you're learning)
5. How to use it simply?
• If you see many green candles in a row, the crypto is in an uptrend.
• If you see many red candles, it is in a downtrend.
• If you see a mix without a clear direction, the market is sideways (without a defined trend)
Final tip:
You don't need to be an expert in technical analysis to start.
Just by looking at the candles, the volume, and the general direction of the price, you can already get a quick idea of what's happening.
