Red Candle
When you look at Bitcoin price charts (probably every couple of minutes if you’re anything like us), then you will see red and green candles on the price charts.
These candles show price movements of Bitcoin over a specified time period, depending on what time you select when viewing these charts. It can vary from 1 hour to 1 month and beyond.
A red candle shows a decrease in price in the time period you specified when opening your price chart. These are also affectionately known as “red dildos” in the Bitcoin community, which means the same thing.
People on Twitter refer to a red candle when there’s a sudden price drop and encourage folks to buy the dip. A prolonged period of red candles could indicate a bear market.
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