Bardie1738
11 Posts
Bardie1738
beautiful bad ass trader!!!
Occasional Trader
2.8 Years
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How to Read a Simple Candlestick Chart (3 Patterns Every Beginner Should Know)
Candlestick charts look complicated at first, but they’re just a visual way to show price movement over time. Once you understand one candle, you can start reading the whole chart like a story: who is winning buyers or sellers and where price might go next.
This guide breaks candlesticks down in the simplest way and shows 3 beginner-friendly patterns you can spot on Binance charts.
1) What a candlestick actually shows
Each candlestick represents price movement during a specific time period (example: 1 minute, 15 minutes, 1 hour, 1 day).
A candle has 4 key prices:
Open: where price started in that time period
Close: where price ended
High: the highest price reached
Low: the lowest price reached
Candle parts
Body: the thick part between open and close
Wicks (shadows): the thin lines above/below the body showing highs/lows
Green vs Red (basic meaning)
Green candle: price closed higher than it opened (buyers stronger)
Red candle: price closed lower than it opened (sellers stronger)
Tip: A big body often means strong momentum. A small body often means indecision.
2) Timeframes matter (don’t mix signals)
A pattern on a 1-minute chart can fail quickly. A pattern on a 4-hour or daily chart is usually more meaningful.
If you’re a beginner, start with:
1H for short-term learning
4H / 1D for clearer signals and less noise
3) 3 candlestick patterns to know (beginner-friendly)
Pattern #1: Hammer (possible reversal up)
What it looks like:
Small body near the top
Long lower wick (tail)
Little or no upper wick
Meaning: Sellers pushed price down, but buyers bought strongly and pushed it back up before close. This can signal selling pressure is weakening.
Best place to use it: After a downtrend or at a support zone.
Beginner rule: Don’t buy just because you saw a hammer wait for the next candle to close green as confirmation
#Binance
#Crypto
#CryptoTrading
#TradingBasics
#CandlestickPatterns
Candlestick charts look complicated at first, but they’re just a visual way to show price movement over time. Once you understand one candle, you can start reading the whole chart like a story: who is winning buyers or sellers and where price might go next.
This guide breaks candlesticks down in the simplest way and shows 3 beginner-friendly patterns you can spot on Binance charts.
1) What a candlestick actually shows
Each candlestick represents price movement during a specific time period (example: 1 minute, 15 minutes, 1 hour, 1 day).
A candle has 4 key prices:
Open: where price started in that time period
Close: where price ended
High: the highest price reached
Low: the lowest price reached
Candle parts
Body: the thick part between open and close
Wicks (shadows): the thin lines above/below the body showing highs/lows
Green vs Red (basic meaning)
Green candle: price closed higher than it opened (buyers stronger)
Red candle: price closed lower than it opened (sellers stronger)
Tip: A big body often means strong momentum. A small body often means indecision.
2) Timeframes matter (don’t mix signals)
A pattern on a 1-minute chart can fail quickly. A pattern on a 4-hour or daily chart is usually more meaningful.
If you’re a beginner, start with:
1H for short-term learning
4H / 1D for clearer signals and less noise
3) 3 candlestick patterns to know (beginner-friendly)
Pattern #1: Hammer (possible reversal up)
What it looks like:
Small body near the top
Long lower wick (tail)
Little or no upper wick
Meaning: Sellers pushed price down, but buyers bought strongly and pushed it back up before close. This can signal selling pressure is weakening.
Best place to use it: After a downtrend or at a support zone.
Beginner rule: Don’t buy just because you saw a hammer wait for the next candle to close green as confirmation
#Binance
#Crypto
#CryptoTrading
#TradingBasics
#CandlestickPatterns
how to register for a binance account
Bardie1738
·
--
Step by step in creating a binance account and get it verified.click the link see a step
by step process⬇️⬇️⬇️
https://vm.tiktok.com/ZMS4e2SAe/b
by step process⬇️⬇️⬇️
https://vm.tiktok.com/ZMS4e2SAe/b
Btc
mosesifunanya
·
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Be wary of the "Always" indicators.
"Bitcoin $BTC always bottoms when Weekly RSI goes oversold!"
Yes, it has so far, but that does not mean it always will.
Let's remember the 200 Week SMA, which had never been broken to the downside before June 2022. It was also said that Bitcoin could "Not go below previous ATHs" for the cycle bottom, and it did that too.
This is why it's important to use many sources of data to come to good conclusions.
The perfect 22-day RSI channel was also broken for the cycle top with no retests, opening the possibility for a break to the downside. There were many other indicators that either missed their mark for the cycle top completely or fired as early as March 2024.
Optimism and bullishness are sparking back up with the latest rally.
Not to be a pessimist... It's just that the cycle and data overall favor continuation of the bear market as usual.
"Bitcoin $BTC always bottoms when Weekly RSI goes oversold!"
Yes, it has so far, but that does not mean it always will.
Let's remember the 200 Week SMA, which had never been broken to the downside before June 2022. It was also said that Bitcoin could "Not go below previous ATHs" for the cycle bottom, and it did that too.
This is why it's important to use many sources of data to come to good conclusions.
The perfect 22-day RSI channel was also broken for the cycle top with no retests, opening the possibility for a break to the downside. There were many other indicators that either missed their mark for the cycle top completely or fired as early as March 2024.
Optimism and bullishness are sparking back up with the latest rally.
Not to be a pessimist... It's just that the cycle and data overall favor continuation of the bear market as usual.
Polygon
Polygon
·
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BREAKING: Meta has officially launched stablecoin payouts for creators on Polygon.
Live in Colombia and the Philippines, users will now get faster settlement when paid with USDC, while gaining access to dollar denominated assets. By the end of the year, 160+ markets will be enabled via Stripe integrations.
The future of marketplace commerce is powered by $POL
Live in Colombia and the Philippines, users will now get faster settlement when paid with USDC, while gaining access to dollar denominated assets. By the end of the year, 160+ markets will be enabled via Stripe integrations.
The future of marketplace commerce is powered by $POL
Step by step in creating a binance account and get it verified.click the link see a step
by step process⬇️⬇️⬇️
https://vm.tiktok.com/ZMS4e2SAe/b
by step process⬇️⬇️⬇️
https://vm.tiktok.com/ZMS4e2SAe/b
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