In this forum, the community will share the technical analysis indicators we use and what it means to help traders plan and strategise.
Feel free to commend ant discuss, we are all here to share and learn.
The charges below assumes you know how to read candlestick charts.
In simple terms:
- One candle stick represent a time period of your selection
- Green Candlestick: in that time period, the value of the coin started at the bottom of the candle stick and finished at the top of the candle stick.
- Red Candlestick: in that time period, the value of the coin started at the top of the candlestick and end at the bottom of the candle stick.
- Wicks: the wicks of the candle sticks indicate the sell and buy bids that traders didn't get realised. Red wicks indicated the price the sellers tried to push down but not realised as buyers pushed the prices up. And the Vice Versa is true, green wicks are buyers trying to push the price up but got pushed down by the sellers.