Lesson 6 of 6 12 min read
Reading your first chart
Candlesticks, timeframes and volume in plain language.
Candlesticks
Each candle shows open, high, low and close for a period. Green closed higher than it opened, red lower. Long wicks show rejected prices.
Timeframes
The same coin can be rising on the daily chart and falling on the 15-minute. Start analysis on higher timeframes to understand the bigger picture.
Volume
Volume shows how much traded. Moves on strong volume carry more conviction than moves on weak volume.
Key takeaways
- Candles = open, high, low, close.
- Top-down: higher timeframe first.
- Volume confirms conviction.
Exercise
Mark the last five daily candles on BTC: which had the largest wick, and what happened next?
Educational content only, not financial advice. Crypto is volatile and you can lose money.