How To Read Crypto Candles

Making Money, or in other words, creating assets has become quite easy with the rising popularity of cryptocurrency but with a risky proportion. And now that you are in the right place now, you will get a step-by-step guide on how to start buying and trading cryptos.

So, Let’s deep dive in the world of cryptocurrency and get the answers to the most common questions – How To Read Crypto Candles

How to read red and green candlesticks in crypto trading?

Now, let’s learn how to read the red and green candlesticks in any crypto pair. Typically, the green color or a buying pressure candle represents a bullish candlestick, and the red color represents the bearish candlestick. However, you can change the color at any time according to your choice and trading template.

What does the candle pattern tell you about the cryptocurrency market?

In addition, there should be a small gap between the opening and closing price of both candles. In most cases, these gaps are not often seen in cryptocurrency markets. This pattern reveals that buying pressure has significantly increased and is overwhelming selling pressure.

How long does a crypto Candlestick last?

The timeframe represented in a candlestick can vary widely. Coinbase Pro, for instance, defaults to six hours — with each candle representing a five-minute slice — but users can set it to be longer or shorter. (Also worth noting: unlike stock markets, crypto markets are open 24 hours a day.

How to read crypto price charts?

The first stop in our journey on how to read crypto price charts is a standard combo of a line chart and a volume chart. Line charts display a simple line showing the historical price points of an asset, while a volume chart shows its historical trading volumes.