#看懂K线 Entering the cryptocurrency world, confused by the candlestick chart? Don’t worry! Today we will introduce you to this 'Treasure Map of the Cryptocurrency World', and in just a few simple steps, you will understand market sentiment!
What is a candlestick?
Imagine small candles (which is why it's also called a candlestick chart); it records the opening price, closing price, highest price, and lowest price of a cryptocurrency over a certain period (like 1 minute, 1 hour, or 1 day).
Body (the thick part):
Green (or white): Closing price > Opening price = Uptrend! The larger the body, the stronger the increase.
Red (or black): Closing price < Opening price = Downtrend! The larger the body, the stronger the decrease.