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What is Candlestick in Hindi | Crypto से PROFIT कमाने से पहले CANDLE के बारे में पता होना चाहिए - YouTube
Channel: Success TechZ
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Guys if you have ever used any crypto exchange,
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Then you must have seen this chart.
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The chart in which you see the red line and green line.
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Do you know the meaning of this red line and green line?
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If not then watch this video till the end.
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Because in this video I am going to tell,
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What does this line mean?
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Why are they formed and how is it formed?
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And how can you earn money from this?
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Hello guys, my name is Gaurav.
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And I welcome you all to our channel's brand new video.
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If you want to watch such informative videos in the future also,
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Then definitely subscribe to the channel.
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And until now if you haven't joined our telegram channel,
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The link will be in the description.
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Definitely go and join.
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Guys before moving forward in video, You must know about TA.
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TA means Technical analysis.
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Guys I told you many videos,
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I am going to upload a basic video on TA.
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Then that video is here.
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As you demanded a lot.
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If any new user is watching,
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So maybe he doesn't know the meaning of TA.
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What is the use of TA? What are the benefits of learning TA?
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So guys see if you are in the crypto field or stock field,
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Then you must know TA.
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You must know how to do technical analysis.
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Why you should know?
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Because with the help of TA,
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You can find that,
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Which coin or which stock you should buy at which point?
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At what point you should sell it?
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Normally what happens?
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When we feel we buy any crypto at any time.
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We never check,
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At what particular point we should buy that crypto.
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Without thinking we put our amount over there.
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And in that case, we face a huge loss.
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So if you know TA,
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Then you can find out,
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At what point do you have to buy which coin?
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At what point should you sell that crypto?
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Guys with the help of TA,
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You can a big profit in sports trading.
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And also you can make money in future trading.
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Ok guys let's begin this video.
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And as I told in the video are going to cover from basics.
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Because in the start we will get to know about,
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What is the meaning of the green and red line?
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How do they work? Why are they formed?
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Let's begin this video.
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Now I am on my PC screen.
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And in this video, we will get to know,
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What is this green line red line?
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What is their name?
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How it is formed and Why it is formed?
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If you want to learn TA,
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Then first clear your basics.
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Otherwise, in upcoming videos, you won't get anything.
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Here as you can see there is a red line and a green line.
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First, remove this doubt from your mind that
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We do not call it line.
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This is called candle/candlestick.
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Every candle has three parts.
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The part at the top is called Upper shadow.
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Or WICK.
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WICK or shadow means the same.
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And the bottom part is called a Lower shadow or WICk.
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And the middle part of the candle is called its body.
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Or a Real body.
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Here friends I am sharing an example with you,
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And through that example, you can easily understand candle.
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Guys here I will suppose that there is a coin.
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Which started at 12.00 for Rs.100.
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This is Rupees. I will write R over here.
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And I am considering that the coin I am taking,
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In a one minute candle,
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I will consider what will be the difference in the price moment.
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So consider that a coin was opened at 12.00 for Rs.100.
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At 12.20 consider that from Rs.100 it came to Rs.80.
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And at 12.40,
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This coin went to Rs.140.
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And at 12.60 it went to Rs.120.
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So here one minute time is completed.
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And in candles, in 1 min
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5 min, 1 hour,2 hours,5 hours, 10 hours
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The timeframe you can see.
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But for example, here I am considering one minute.
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And slowly you will understand all these things.
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As I told you guys there is a point,
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Where coin was opened at Rs.100.
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Right, its price was Rs.100.
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Where it was opened and we call it opening price.
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We will indicate as O that means opening price.
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And guys here at 12.20
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This means in 20 seconds it went on Rs.80
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After that at 12.40 it went on Rs.140.
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And at 12.60 it came and stopped at Rs.120.
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Now it was opened at Rs.100 which we indicated with O.
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At 12.20 it went on Rs.80.
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After that at 12.40 it went on Rs.140.
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After that at 12.60 it went on Rs.120.
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And here friends this is candle formed over here.
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However, you don't know until now
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Why don't you know it, I will tell you.
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Guys firstly see
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Which candle is opened over where it is closed?
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It was opened at Rs.100 and closed at Rs.120.
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This means the closing, let us indicate it by C
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This candle was closed at Rs.120.
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What is the lowest price of this candle?
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This means which was the lowest point did it hit?
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That was Rs.80. We will call it the lowest.
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And the highest price of it.
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Where it went to the top.
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That is Rs.140.
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We will indicate it with H.
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Now here if you have understood this example,
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Then things are going to be very clear for you.
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As I told you there are 3 parts to a candle.
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Which you now know.
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Along with that which candle is formed when?
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We see that over here.
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See guys here as this is a candle,
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Why it is formed a green candle only?
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Now you will know that.
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Guys consider that the open over here
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This means it is an opening point of this candle over here.
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The opening point over here considering it was Rs.100.
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And after this price, this candle has went down and came up.
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This means it has touched its lowest point once.
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That lowest price can be anything. Consider it is Rs.80.
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And after that friends,
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The candle went and touched its highest price.
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Consider the highest price as Rs.140.
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After that this candle was closed at Rs.120.
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Now I am taking it as an example.
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You can consider any amount according to you.
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And here guys if you can see,
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When is the body of the candle formed?
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Every candles body
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Is made between its opening & closing price
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So here you can this was our opening price,
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And this was our closing price.
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Between this particularly this body is formed.
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The candle is formed.
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So here I have made it red.
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So here,
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What is this highest and lowest?
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As I told in every candle there are three parts,
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One is its body, one its Wick or lowest shadow
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And one is the highest shadow or wick.
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Now guys upper shadow means
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In this particular time frame,
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This candle has touched its highest.
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Now we can identify the highest from its wick.
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Now, this wick shows
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That this candle has once touched its highest point.
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Now here friends I would like to share an example.
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Where consider that,
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Here ok I have drawn a green candle here.
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So now you can see guys,
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You are understanding everything very clearly.
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On this point,
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This candle was opened.
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This candle's lowest price it hit was over here.
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And the highest point it hit was over here.
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And this candle was closed at this point.
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So now you know,
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When does any candle become green?
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This means any candle that you see as green,
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It means that its opening price,
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Will always be less.
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Its closing point will be always up and high.
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In the green candle's case, we considered an example that,
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One candle started at Rs.100
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In this case, also we will consider
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That one candle is started at Rs.100 only.
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Now, what happened over here?
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I will draw and show you at the top,
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What we are doing we are doing that red candle this time.
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So here I have drawn a red candle over here.
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And the candle we are going to make over here,
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We will take it in the one-minute time frame.
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This means the movement happening in 1 min
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We are watching that over here.
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Guys this candle started at Rs.100.
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So its opening price will be Rs.100.
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Afte that this candle went very low.
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Now let us consider that it went on Rs.60.
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After that, there was a sudden pump in the candle.
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And all the bulls who are the buyers in the market,
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They pushed it and took it to Rs.140.
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And then there was a selling pressure.
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And the bears over here,
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The bears again pushed it down from the top.
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What happened this time?
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The price went down and came up to Rs.80.
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So what happened over here?
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The opening price which I am indicating with O
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That was Rs.100.
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And when the price was closed
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Then that price which I will indicate C was Rs.80.
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Now here's what happened? The candle formed over here
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It will be formed as a red candle.
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So I will draw it over here.
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Now, why red will be formed?
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Because you can clearly tell guys
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The opening price was Rs.100 and the closing price is Rs.80.
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This means that there is Rs.20 fall over here.
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And you can clearly see this fall over here.
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And here guys the upper part that you can see,
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This part is called a wick as I told you.
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Or you can call it the upper shadow.
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Similarly the part at the bottom,
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We will call it lower shadow or wick.
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So here I will write it.
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So now you know that,
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When any candle becomes a red candle,
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When any candle becomes a green candle,
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So here now your basics are cleared.
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So now I will take you on the chart.
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So now I am on the chart.
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And here I am using the trading view's charting feature.
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You can use anyone's charting feature.
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So now you know why these candles are formed.
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So with you all... Ummm
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Maybe you have a doubt in your mind,
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Consider this Gaurav bro
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There is a candle. A green candle is formed ok.
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So here I will draw it properly.
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So this is a green candle formed.
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ok, let me draw.
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Ok, so I made this green candle.
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This green candle has no wick.
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The wick that is formed at the bottom that wick is not present.
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Many times in candle you can't see wick.
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Now see this is a candle.
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This will also be a candle because it does not wick.
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Now you will say why there is no wick?
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What does it mean?
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See this candle,
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Its opening price which we indicate with O
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Consider that it is Rs.100.
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And this candle
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The closing point was Rs.120.
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Rs.100 was its opening price
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You can call the opening point the lowest price.
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Which means L and O will be equal.
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Because here they did not make any wick over here.
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So its lowest price will be Rs.100
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And its opening price will be Rs.100.
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Similarly, there is no wick at the top.
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This means its closing price which is called C,
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That was its highest price which we call H.
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Now you know how any candle is formed.
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And when will the candle be red and green.
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And candle's wick will be present or not
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I have covered both cases with you all.
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Now guys as I told you,
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We are taking candles in the one-minute time frame.
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I want to clear that also here.
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Where now you can see,
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Here is BTC USD, where I have selected 1 minute over here.
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What is this one minute?
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It means the price moment in the candle within one minute
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We are able to see that over here.
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In one minute the candle hit lowest was over here.
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And the highest it was hit was over here ok.
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So now you know in one minute.
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So now I will change this 1 min to 30 mins.
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Now, what happened over here guys?
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The one candle which was of 1 minute,
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That candle now if we take total average then it is 30 mins.
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So now the candle you are seeing over here
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This candle,
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This shows us in 30 mins the price movement happened in BTC.
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Here at what did it hit its lowest?
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At what did it hit the highest?
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At what it was opened and at what it was closed?
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Now as this is red then definitely it was opened from up.
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And it was closed over here.
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So now this doubt is cleared.
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Guys when all candles come together,
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Then this chart is called as Candlestick chart.
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And guys in this video we just learned the basics like,
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What are candles?
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How are they formed? Why are they formed?
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In upcoming videos,
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I am going to share some candlestick patterns.
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If you understand those patterns,
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If you see that pattern forming anywhere in the chart
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After that, you will know that,
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The price of a particular cryptocurrency will go up or down.
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So if there you want to do future trade and earn a profit,
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Then you can make it.
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As well as if you want to do sports trading & earn profit
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Then you can make that also.
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So guys that's it for today's video.
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If you liked the video don't forget to like it.
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I will meet you in the next video.
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Until then "Jai Hind, Vande Mataram".
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