Can't tell your bull runs from bear markets? Here's the quick breakdown on candlestick reading.
Green candles = price went up (bulls winning). Red ones = price fell (bears in control). Simple as that.
The wicks matter too—that thin line sticking out shows where price tried to go but couldn't hold. A long lower wick on a green candle? That's buyers pushing back. Long upper wick on a red candle? Sellers failed to keep the lid on.
Body size tells you momentum. Thick candles = strong moves. Thin ones = hesitation, indecision in the market.
String these patterns together and you start reading market psychology. Traders use this to spot reversals, breakouts, and entry points. Not foolproof, but beats guessing.
Keep this handy next time you're staring at a chart wondering which direction things are heading.
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FloorPriceNightmare
· 01-07 09:44
Basically, it's just looking at candlestick charts—green for up, red for down. Who doesn't know that... The key is to look at the shadows, because that's the real psychological battle.
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DegenMcsleepless
· 01-07 08:38
Honestly, after looking at candlestick charts for so many years, it's still easy to fall into traps. The key is to look at the direction and volume of the wick to determine whether a breakout is genuine or false.
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ImpermanentSage
· 01-06 09:53
All of this really just comes down to looking at candlestick charts, but when the market starts to fluctuate, who has time to study this stuff…
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LiquidationWatcher
· 01-06 09:51
ngl candlesticks are useful but don't chase entries based on wicks alone... been there, lost that. health factor matters way more than pretty patterns tbh
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FrogInTheWell
· 01-06 09:49
Basically, it's about checking the color and length, which is much more reliable than guessing blindly.
Can't tell your bull runs from bear markets? Here's the quick breakdown on candlestick reading.
Green candles = price went up (bulls winning). Red ones = price fell (bears in control). Simple as that.
The wicks matter too—that thin line sticking out shows where price tried to go but couldn't hold. A long lower wick on a green candle? That's buyers pushing back. Long upper wick on a red candle? Sellers failed to keep the lid on.
Body size tells you momentum. Thick candles = strong moves. Thin ones = hesitation, indecision in the market.
String these patterns together and you start reading market psychology. Traders use this to spot reversals, breakouts, and entry points. Not foolproof, but beats guessing.
Keep this handy next time you're staring at a chart wondering which direction things are heading.