Welcome, hero of the future.. As Dr. Moqit Alghozi, I am very pleased to see you progressing step by step towards professionalism.
If you don't understand Japanese candlesticks, you are like someone trying to read a book in a language they don't know!
Here is the lesson content specifically designed for the Binance Square platform to be engaging and easy to read and understand:
🕯️ Lesson 4: The language of secret markets.. What are Japanese candlesticks? | Cryptozone2030 educational series
Welcome, aspiring crypto community! 👋
I am your brother and speaker (Dr. Moqit Alghozi). Today we have reached a pivotal station in our journey "Professional Trading Course from Scratch".
Have you ever opened a chart and seen green and red bars and wondered: what do these shapes mean? 🤔
Today we will decode these "Japanese candles" so you can read price movements at a glance! 👁️
📊 What is a Japanese candle simply?
Imagine that the candle is a "summary report" of what happened to the price over a specific time period (minute, hour, day..). It tells us the story of the "battle" that took place between buyers 🐂 and sellers 🐻.
Any candle consists of two main parts:
1. Candle Body: the colored (thick) part representing the "result of the battle".
* It tells us the opening price and the closing price.
2. Candle Tails (Shadows/Wicks):
They are the thin lines above and below the body.
* It tells us the highest price the market reached (the highest peak) and the lowest price it dropped to (the lowest bottom) during this period, even if the price did not settle at that.
🎨 What do the colors mean?
* 🟢 Green candle (buying):
* It means that the buyers won! 💪
* The closing price was higher than the opening price.
* (The price started from the bottom and ended at the top).
* 🔴 Red candle (selling):
* It means that the sellers dominated! 📉
* The closing price was less than the opening price.
* (The price started high and ended low).
💡 Dr. Moqit's special tip
> "Don't just look at the color of the candle, but pay close attention to the tail! 🧐
> A very long tail means 'rejection'. For example: if you see a candle with a long tail at the bottom, it means that the price tried to drop significantly, but the buyers rejected that and pushed it back up again. Tails often reveal the intentions of 'whales' before the price actually moves.
>
🗣️ Interaction question (share your opinion)
Honestly.. have you ever bought a coin just because you saw a "long green candle" and then were surprised that the price dropped immediately after? 😅
(Type "It happened to me" in the comments to let us know how many people fell into the FOMO trap!) 👇
🚀 Don't forget to follow the account "Cryptozone2030" now!
In the next lesson (lesson 5), we will use these candles to draw magical lines called "supports and resistances".. it will change your trading method forever!
#Binance #Education $BTC #Bitcoin #Trading #Cryptozon2030
