Hi. i have what may seem like a stupid question, but how do you read a shorts chart ? What does it mean when we have a green candle ? does it mean that the coin has actually be short sold ? or the opposite ? so the more green on that chart, technically the more red one should see (or sell orders) on the actual BTCUSD chart ?
Charkra-Mama
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@Nouknitouk, Hi, thanks for reading. Definitely not a stupid question.
I try to read all charts from a distance and leave room for time to come in and confirm ideas. The candles themselves show the amount of short positions currently open; green candles show increasing # of positions while red candles show those positions being closed.
As for the last part, I don't correlate the two because of unknown margin on this chart. I use SHORT and LONG charts for the overall trend and support/resistance. Hope that clears up some confusion.