🕯️ READING CANDLES: Your key to understanding the market! 🕯️
Many look at the chart $BTC and see only "lines". But each candle tells the story of a battle between buyers and sellers. How to read it? 🧐
📊 CANDLE ANATOMY (Interval 1m):
COLOR MATTERS:
🟢 Green: Bulls are winning! The closing price is higher than the opening.
🔴 Red: Bears are on the attack. The price dropped within a minute.
WICKS (These thin lines):
The upper wick shows how high the price reached (e.g., resistance test at $76,900).
The lower wick shows where buyers "pulled" the price up (e.g., at $76,359).
BODY: * This is the thick part of the candle. The longer the green body, the stronger the buying momentum.
💡 MY ADVICE:
Don't look at a single candle in isolation! Look at the Supertrend (that green line at the bottom). As long as the candles build above it, the trend is on your side. My chart shows that despite red corrections, the bullish structure remains intact.
🚀 Task for you: Look at the last candle on the screen. Do you see the long wick at the top? It's a signal that at $76,776, selling pressure appeared!
Learn, trade wisely, and watch for more tips! 📈
#CryptoEducation #BinanceSquare #Bitcoin #Candlesticks #TradingTips $BTC 💛
