#CryptoCharts101 If you can't read this, you shouldn't be trading.
(A candle can tell you more than a thousand “bullish news”).
🔥 Learn to read the language of the market: JAPANESE CANDLES.
Here’s the breakdown that no one explained well:
1. Real body:
🔴 Red = down, 🟢 green = up.
The larger the body, the more intense the battle.
2. Wicks:
The part that the price tried to touch but didn't hold.
🔺 Long upper wick = rejection of high prices.
🔻 Long lower wick = strong buyers defending.
3. Doji = indecision.
It appears when the market is uncertain. If you see it at a strong resistance... get ready for a reversal.
4. Hammer and Hanging Man 🪓:
Hammer (long lower wick) = bullish reversal signal.
Hanging man (same shape, but in an uptrend) = possible drop.
Same shape, different context = different message.
5. Engulfing:
When a large candle “swallows” the previous one, it can indicate a strong reversal.
🟢 Bullish if it appears at the bottom. 🔴 Bearish if it appears at the top.
🔍 Elite advice:
Don't look at candles on a 1-minute chart to make swing decisions.
The timeframe changes the meaning. A hammer on 1D is not the same as on 5M.
📌 Moral:
Don't trade on intuition. Trade on interpretation.
The chart doesn't lie. You just need to know how to read it.