๐ #CryptoCharts101 โ Understand First: The Difference Between Green and Red Candles
In every chart, there is a story being toldโฆ and candlestick patterns are the language.
๐ฉ Green Candle:
Indicates that the price "closed" higher than the opening price during the time interval. This means buying pressure.
๐ฅ Red Candle:
Indicates that the price "closed" lower than the opening price. Selling pressure.
Each candle = A battle between bulls ๐ and bears ๐ป
And as an analyst, your job is to read the outcome of the battle!
๐ Side Note:
The body of the candle = The difference between the opening and closing prices.
The wicks (shadows) = The highest and lowest points reached by the price.
๐ฏ Start from here, and you will see how each candle becomes a tool to understand market behavior.