Beginner Crypto Traders: Learn Candles & Wicks or Trade Blind!

Market Trend Analysis - BTC's upward trend is crucial for other cryptocurrencies to rally; conversely, a downward trend in BTC often leads to a decline in other cryptocurrencies [1] - Candle body size indicates trend strength: larger bodies suggest a stronger trend, regardless of direction [2] - Candle wick size indicates buying or selling pressure: large wicks at the top suggest selling pressure, potentially leading to lower prices, while large wicks at the bottom suggest buying pressure, potentially leading to higher prices [3] - Barely visible candles (almost no wick and no body) suggest a potential trend reversal, regardless of the current direction [4] Technical Indicators - Predominantly body candles with minimal wicks indicate a strong trend [2] - Predominantly wick candles with minimal body indicate a weak trend [3] - Green candles getting smaller may indicate a potential price decline [4] - Red candles getting smaller may indicate a potential price rally [4]