1. Axes and Candles


X-axis (horizontal): time — each candle represents 1 day.
Y-axis (vertical): BTC price in USD (or other currencies).
Candlestick:
Body of the candle: shows opening vs closing price.
Green = price went up (close > open)
Red = price went down (close < open)
Wicks/shadows: show the highest and lowest prices of the day.
2. Daily Trend
Uptrend: consecutive green candles with higher highs.
Downtrend: consecutive red candles with lower lows.
Sideways/Consolidation: small candles, price moving in a range, waiting for a breakout.
3. Support & Resistance
Support: price level where BTC tends to stop falling (buyers step in).
Resistance: price level where BTC tends to stop rising (sellers step in).
Daily chart traders mark these levels to plan entry/exit.
4. Popular Indicators
MA (Moving Average) – average price over several days (e.g., 50 MA or 200 MA).
RSI (Relative Strength Index) – shows overbought or oversold conditions.
MACD – helps spot momentum and potential reversals.
BTC-3.92%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned