#CryptoCharts101

Basics of Reading Japanese Candles: ..

1. What are Japanese candles .. ?

Each candle represents price movement over a specific time period (such as 1 minute, 1 hour, 1 day).

🟩 Green Candle: Price closed higher → Uptrend.

🟥 Red Candle: Price closed lower → Downtrend.

2. Parts of the candle: ..

Body: The difference between opening and closing price → Reflects the strength of the movement.

Wicks: Represent the highest and lowest price during the period →

Long upper wick = Selling pressure.

Long lower wick = Buying pressure.

3. Most Famous Patterns: ..

Engulfing: A large candle covers the previous candle → Likelihood of trend reversal.

Doji: A candle with a small body → Indecision in the market → Signal of a potential change in direction.

Marubozu: A candle with no wicks → Clear strength in buying or selling.

4. How to use them .. ?

Quick Trading? → Use small time frames (5-15 minutes).

Long-term Investment? → Rely on daily or weekly candles.

Always relate candle reading to support/resistance levels and technical indicators for more accurate trading decisions.