Getting Started in the Crypto World | Newbie Easily Understands Candlestick 🌟

🌟Candlestick basic composition
It consists of the upper shadow, body, and lower shadow. The upper shadow is the range between the highest price and the closing price (or opening price, depending on whether it's a bullish or bearish candle); the body reflects the range between the opening price and closing price, with a bullish candle (red/white) having a closing price higher than the opening price, while a bearish candle (green/black) is the opposite; the lower shadow is the range between the lowest price and the opening price (or closing price, depending on whether it's a bullish or bearish candle).

🌟Candlestick解读方法
Single Candlestick: A bullish candle indicates an increase, while a bearish candle indicates a decrease; the longer the body, the stronger the momentum of the rise or fall; the longer the shadow, the stronger the resistance or support in the corresponding direction.
Combination patterns: Double bottom (W bottom) bullish, double top (M head) bearish; Head and shoulders bottom reversal upwards, head and shoulders top reversal downwards; Engulfing lines may indicate reversal; Doji indicates balance between bulls and bears, high positions may see a top, low positions may see a bottom; Red three soldiers indicate strong upward movement, three crows indicate weak downward movement (three crows during an upward trend may indicate accumulation by bulls).

Combining position and volume: position affects the nature of the Candlestick (such as a long upper shadow during the early stage of an uptrend may indicate a test by the main force, while in the later stage it may indicate a peak); volume assists in judging trends (for example, a strong uptrend with a large bullish line, a strong downtrend with a large bearish line). #币圈#