HOW TO READ CANDLE CHART CRYPTO

Crypto traders prefer candlestick charts because of how easy it is to understand and its visual appeal. As a cryptocurrency and Bitcoin trader, there are some candlestick patterns you should definitely know. The candle body extends from the closing price to the opening price of an asset for a particular period. The tip of the upper wick of the candle shows the highest price attained during the period. The candle’s lower wick starts at the lowest price seen during the period and rises up to the body of the candle. Depending on the price behavior, candles vary in colors. Green means that the closing price is higher than the initial one. If it is red, that means it is lower. spacegrime cryptocurrency may differ as well, e.g. black and white, it’s up to the exchange. The borders of the candle body correspond to the opening and closing prices. The vertical line shows the maximum and minimum cost thresholds during the displayed period.