Dildo (Trading Slang)

In crypto trading slang, a "dildo" is an unusually long candle on a candlestick chart, showing that the price moved very sharply within a single time period. A "green dildo" marks a sudden surge and a "red dildo" a sudden plunge; the term can refer to a long candle body or to a long wick that shows a brief spike which quickly reversed. The crude word is used informally on social media and trading forums, usually with humour, and does not appear in professional analysis, where the same event would be described as a large-range or high-volatility candle. Such moves often follow news, large orders from a whale or a wave of forced liquidations in thin markets, and they illustrate the volatility of many crypto assets. Also see cascading liquidations.