How to Use Candlestick Charts and a Simple Strategy on Binance
Candlestick charts show price movements using green (up) and red (down) candles, each representing open, close, high, and low prices for a time period.
On Binance, use the candlestick chart widget to:
Pick your trading pair (like BTC/USDT)
Choose a timeframe (1h, 4h, daily)
Spot candle patterns and add indicators like Moving Averages (MA)
Simple Strategy: SMA Crossover
Use 10-period and 50-period SMAs
Buy when the 10-SMA crosses above the 50-SMA (“golden cross”)
Sell when it crosses below (“death cross”)
This helps identify trends for smarter trades. Always manage risk and start small.
