Cryptocurrency Q&A How do candles work in trading?

How do candles work in trading?

GangnamGlamourQueen GangnamGlamourQueen Sun Dec 15 2024 | 5 answers 1365
I'm trying to understand how candles are used in trading. I know they represent a specific time frame and show the open, close, high, and low prices, but I'm curious about how traders interpret and use these candles to make decisions. How do candles work in trading?

5 answers

Martina Martina Tue Dec 17 2024
Additionally, the color of the body can be either red or green, typically representing a decrease or increase in price, respectively.

Was this helpful?

271
51
CryptoPioneer CryptoPioneer Tue Dec 17 2024
A candlestick graph visualizes the price dynamics of a stock by illustrating key price points.

Was this helpful?

203
86
RobertJohnson RobertJohnson Tue Dec 17 2024
Specifically, it highlights the highest and lowest prices the stock reached during a given period, as well as the opening and closing prices.

Was this helpful?

327
99
Valentino Valentino Tue Dec 17 2024
The body of the candlestick can vary in length, indicating the range between the opening and closing prices. A long body suggests significant price movement, while a short one indicates minimal movement.

Was this helpful?

292
86
QuasarGlider QuasarGlider Mon Dec 16 2024
Shadows, or wicks, extend from the body and represent the price points at which the stock traded before and after reaching the opening and closing prices. Their length can also vary, providing further insights into market sentiment.

Was this helpful?

272
64

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts