Understanding candlestick psychology can help you make smarter trades. Here's a quick guide to 8 key candle types and what they reveal:
🔹 Top Row (Left to Right):
1. ✅ Strong Buyer Control
🟩 Large green candle — bullish momentum, buyers led the market.
2. ✅ Buyers Recovered Strongly
🟩 Long lower wick — sellers pushed down, but buyers closed higher.
3. ❌ Market Uncertainty
🟫 Doji candle — equal strength from buyers and sellers, signals indecision.
4. ✅ Buyers Tried, Sellers Pushed Back
🟩 Long upper wick — buyers moved price up, but sellers closed it lower.
🔹 Bottom Row (Left to Right):
5. ✅ Strong Seller Control
🟥 Large red candle — bearish pressure, sellers led the session.
6. ✅ Buyers Fought Back Late
🟥 Long lower wick — sellers drove price down, but buyers recovered.
7. ❌ No Clear Direction
🟧 Small body with long wicks — indecisive market behavior.
8. ❌ Sellers Lost Grip
🟥 Long lower wick — early seller dominance, but buyers regained strength.
💡 Summary:
✔️ Long candles = strong momentum
❌ Doji candles = uncertainty
✔️ Long wicks = rejection or reversal
🧠 Mastering these patterns helps you read market psychology and avoid emotional trades.
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