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Bit_boy
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🚨Only 18% of traders using leverage make profitThe other 82% get liquidated and lose life savings I lost $2000 before learning how to actually trade it 1/ Only 18% of traders using leverage make money 82% lose everything - often in a single move Why? Because they skip the basics and dive into leverage without control Before you touch margin, you need to master structure, context and risk 2/ You don’t need 20 indicators - you need clarity Trading is not about predicting - it’s about reacting with a system Charts reflect fear, greed, and liquidity Your job is to read behavior - not chase candles 3/ Every market move follows structure Price cycles through 4 phases: • Accumulation • Markup • Distribution • Markdown If you don’t know where you are - you don’t know what you’re trading. 4/ I start every chart with one thing: trend analysis • Higher highs + higher lows = uptrend • Lower highs + lower lows = downtrend • Flat = range = trap If you don’t understand the context - nothing else matters 5/ Momentum shift is your first sign of trend reversal Price stops making lower lows, starts making higher highs Volume builds at key levels - buyers step in, sellers get absorbed I never enter early - I wait for confirmation near structure. 6/ My favorite setup: accumulation after capitulation Price dumps, then goes flat - no bounce, no breakdown But volume starts building, sellers fail to break support Smart money is loading while retail cries 7/ My entry zone: • Bottom of the range • Clean reaction at 0.618 or 0.786 Fib • Volume spike + candle strength • Altcoin with zero CT noise but growing holders If I see 3 out of 4 - I enter with size 8/ Fibonacci isn’t magic - it’s structure measurement • 0.382 = shallow, strong trend • 0.5 = clean pullback • 0.618 = golden zone • 0.786 = high-risk entry, often best R:R Combine it with volume + market structure 9/ RSI isn’t for “buy 30 / sell 70” - that’s lazy I use it to catch divergences and momentum shifts • Price makes lower low, RSI makes higher low = bullish divergence • Price makes higher high, RSI makes lower high = bearish divergence This is where I snipe tops and bottoms. 10/ VWAP tells me where value is concentrated intraday • Above VWAP = bullish • Below = bearish • Clean bounce or rejection confirms bias Strongest on 15m / 1h during chop or reaccumulation 11/ Support and resistance are zones I look for: • 2+ clean rejections • Volume clustering • Long wicks / failed breakdowns Strong S/R = magnet + trigger 12/ Candlestick behavior gives clues no indicator can • Long wick down, full body close = demand • Multiple top wicks = exhaustion • Inside bars = pressure I read candles like dialogue - not patterns 13/ Breakouts mean nothing without volume If price breaks a level with no volume - I fade it If it breaks with volume but fails to hold - I short the retest Always wait for confirmation, not just candles 14/ I use EMAs to confirm trend momentum • EMA 21 + 50 = short-term • EMA 100 + 200 = macro bias Price above 200 EMA = bullish frame Below = caution or fade rallies 15/ Patterns don’t print money - behavior inside them does • Cup & handle = accumulation • Triangle = pressure • Double bottom = rejection of lower prices I don’t memorize patterns - I read what they mean 16/ Most traders lose not because they’re wrong But because they’re too early, too aggressive, too emotional Patience beats perfection I don’t rush entries - I let the setup beg me to take it 17/ Risk management I never risk more than 1-2% per trade I don’t scale into losing trades, I don’t average down, I don’t move stops I protect capital - even if it means missing the move 18/ If your average win is $300 and average loss is $600 - no setup will save you Risk:Reward needs to be 2:1 or better I’d rather take 3 small losses than one oversized hope-trade 19/ You don’t need 10 trades a day You need 2 clean trades per week with proper risk and execution Trading more = bleeding more Best setups come to those who wait, not those who refresh charts 20/ Now let’s talk leverage It’s the multiplier of skill - and stupidity If you can’t make money with spot - leverage won’t fix that It will only break you faster 21/ 18% of traders make money with leverage - because they’re already profitable on spot My rule: 3 months green without leverage before touching it Then start with 1.5x or 2x Keep same rules, same system, smaller position 22/ Leverage trades require: • Fixed stop-loss • Max 1% risk per trade • Clean setup with volume • No tilting, no hope If I violate any of these - I don’t deserve to trade that setup 23/ The traders who survive long-term are not the smartest They’re the most self-aware, most boring, most systematic I don’t need to win today - I need to win this year 24/ I don’t follow dopamine - I follow data I journal every trade • Setup • Entry • Exit • Mistake • Emotion • Execution That’s how you become lethal 25/ 82% of traders lose with leverage because they never respected the craft They wanted shortcuts, not structure They chased pumps, copy-traded noise, and ignored risk Don’t be that trader. #candles #CandlestickAnalysis #MyTradingStyle

🚨Only 18% of traders using leverage make profit

The other 82% get liquidated and lose life savings
I lost $2000 before learning how to actually trade it
1/
Only 18% of traders using leverage make money
82% lose everything - often in a single move
Why? Because they skip the basics and dive into leverage without control
Before you touch margin, you need to master structure, context and risk
2/
You don’t need 20 indicators - you need clarity
Trading is not about predicting - it’s about reacting with a system
Charts reflect fear, greed, and liquidity
Your job is to read behavior - not chase candles
3/
Every market move follows structure
Price cycles through 4 phases:
• Accumulation
• Markup
• Distribution
• Markdown
If you don’t know where you are - you don’t know what you’re trading.
4/
I start every chart with one thing: trend analysis
• Higher highs + higher lows = uptrend
• Lower highs + lower lows = downtrend
• Flat = range = trap
If you don’t understand the context - nothing else matters
5/
Momentum shift is your first sign of trend reversal
Price stops making lower lows, starts making higher highs
Volume builds at key levels - buyers step in, sellers get absorbed
I never enter early - I wait for confirmation near structure.
6/
My favorite setup: accumulation after capitulation
Price dumps, then goes flat - no bounce, no breakdown
But volume starts building, sellers fail to break support
Smart money is loading while retail cries
7/
My entry zone:
• Bottom of the range
• Clean reaction at 0.618 or 0.786 Fib
• Volume spike + candle strength
• Altcoin with zero CT noise but growing holders
If I see 3 out of 4 - I enter with size
8/
Fibonacci isn’t magic - it’s structure measurement
• 0.382 = shallow, strong trend
• 0.5 = clean pullback
• 0.618 = golden zone
• 0.786 = high-risk entry, often best R:R
Combine it with volume + market structure
9/
RSI isn’t for “buy 30 / sell 70” - that’s lazy
I use it to catch divergences and momentum shifts
• Price makes lower low, RSI makes higher low = bullish divergence
• Price makes higher high, RSI makes lower high = bearish divergence
This is where I snipe tops and bottoms.
10/
VWAP tells me where value is concentrated intraday
• Above VWAP = bullish
• Below = bearish
• Clean bounce or rejection confirms bias
Strongest on 15m / 1h during chop or reaccumulation
11/ Support and resistance are zones
I look for:
• 2+ clean rejections
• Volume clustering
• Long wicks / failed breakdowns
Strong S/R = magnet + trigger
12/
Candlestick behavior gives clues no indicator can
• Long wick down, full body close = demand
• Multiple top wicks = exhaustion
• Inside bars = pressure
I read candles like dialogue - not patterns
13/
Breakouts mean nothing without volume
If price breaks a level with no volume - I fade it
If it breaks with volume but fails to hold - I short the retest
Always wait for confirmation, not just candles
14/
I use EMAs to confirm trend momentum
• EMA 21 + 50 = short-term
• EMA 100 + 200 = macro bias
Price above 200 EMA = bullish frame
Below = caution or fade rallies
15/
Patterns don’t print money - behavior inside them does
• Cup & handle = accumulation
• Triangle = pressure
• Double bottom = rejection of lower prices
I don’t memorize patterns - I read what they mean
16/
Most traders lose not because they’re wrong
But because they’re too early, too aggressive, too emotional
Patience beats perfection
I don’t rush entries - I let the setup beg me to take it
17/ Risk management
I never risk more than 1-2% per trade
I don’t scale into losing trades, I don’t average down, I don’t move stops
I protect capital - even if it means missing the move
18/
If your average win is $300 and average loss is $600 - no setup will save you
Risk:Reward needs to be 2:1 or better
I’d rather take 3 small losses than one oversized hope-trade
19/
You don’t need 10 trades a day
You need 2 clean trades per week with proper risk and execution
Trading more = bleeding more
Best setups come to those who wait, not those who refresh charts
20/
Now let’s talk leverage
It’s the multiplier of skill - and stupidity
If you can’t make money with spot - leverage won’t fix that
It will only break you faster
21/
18% of traders make money with leverage - because they’re already profitable on spot
My rule: 3 months green without leverage before touching it
Then start with 1.5x or 2x
Keep same rules, same system, smaller position
22/
Leverage trades require:
• Fixed stop-loss
• Max 1% risk per trade
• Clean setup with volume
• No tilting, no hope
If I violate any of these - I don’t deserve to trade that setup
23/
The traders who survive long-term are not the smartest
They’re the most self-aware, most boring, most systematic
I don’t need to win today - I need to win this year
24/
I don’t follow dopamine - I follow data
I journal every trade
• Setup
• Entry
• Exit
• Mistake
• Emotion
• Execution
That’s how you become lethal
25/
82% of traders lose with leverage because they never respected the craft
They wanted shortcuts, not structure
They chased pumps, copy-traded noise, and ignored risk
Don’t be that trader.
#candles #CandlestickAnalysis #MyTradingStyle
CabrOne360:
How does it work?
It's very useful
100%
It's not very useful
0%
1 votes • Voting closed
#ETHUSDT Ethereum has returned to a sideways range on the 4-hour chart, and so far, the 4-hour #candles are closing quite nicely. The main thing is not to close above $2,400, as in that case, there’s a high likelihood of a drop to the $2,000 area. BUT I don’t really understand why everyone is panicking. We only saw a local correction of a few percent down, and it's already been bought back. If the daily closes above $2,400, I’ll be adding more longs on #Altcoins ‼️ #DOGSONBINANCE #TON {future}(ETHUSDT)
#ETHUSDT

Ethereum has returned to a sideways range on the 4-hour chart, and so far, the 4-hour #candles are closing quite nicely.

The main thing is not to close above $2,400, as in that case, there’s a high likelihood of a drop to the $2,000 area.

BUT I don’t really understand why everyone is panicking. We only saw a local correction of a few percent down, and it's already been bought back.

If the daily closes above $2,400, I’ll be adding more longs on #Altcoins ‼️
#DOGSONBINANCE #TON
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Want to know how to understand Candles? Read this article - Practical guideDay trading is a method of investing in cryptocurrencies where a trader buys and sells cryptocurrencies within the same day without having any open positions at the end of the day. Therefore, day traders try to buy a cryptocurrency at a low price and sell it at a higher price or short sell a cryptocurrency at a high price and buy it at a lower price within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its supply and demand along with other factors.

Want to know how to understand Candles? Read this article - Practical guide

Day trading is a method of investing in cryptocurrencies where a trader buys and sells cryptocurrencies within the same day without having any open positions at the end of the day. Therefore, day traders try to buy a cryptocurrency at a low price and sell it at a higher price or short sell a cryptocurrency at a high price and buy it at a lower price within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its supply and demand along with other factors.
Crypto Times
--
Easy Guide
Practical Guide to Understanding CandlesIntraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Hence, intraday traders try to either purchase a cryptocurrency at a low price and sell it higher or short-sell a cryptocurrency at a high price and buy it lower within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply among other factors. Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them. What are Candlestick Graphs/Charts? Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market. Composition of a Candlestick Chart This is how a candlestick chart pattern looks like: As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts: The BodyUpper ShadowLower Shadow Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period. A candle has four points of data: Open – the first trade during the period specified by the candleHigh – the highest traded priceLow – the lowest traded priceClose – the last trade during the period specified by the candle How to Analyze Candlestick Chart for Cryptocurrencies The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling. Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency. Candlestick Chart Patterns Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts. Let's divide the patterns into two sections: Bullish PatternsBearish Patterns Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies. Bullish Patterns Hammer pattern This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body. Inverse Hammer pattern This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control. Bullish Engulfing pattern This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day. Piercing Line pattern This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure. Morning Star pattern This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market. Three White Soldiers pattern This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend. Bearish Patterns Hanging Man pattern This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market. Shooting Star pattern This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market. Bearish Engulfing pattern In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant. Evening Star pattern This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle. Three Black Crows pattern This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market. Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills. Happy trades and successful investments! JOIN TO US ON OUR TWITTER OR TGM : t.me/binance7btc #candles #learning #tradingStrategy #TradeAndCelebrate $BTC $BNB $SOL

Practical Guide to Understanding Candles

Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Hence, intraday traders try to either purchase a cryptocurrency at a low price and sell it higher or short-sell a cryptocurrency at a high price and buy it lower within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply among other factors.
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.

What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:

As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow

Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:
Open – the first trade during the period specified by the candleHigh – the highest traded priceLow – the lowest traded priceClose – the last trade during the period specified by the candle
How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.

Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.

Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.

Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.

Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.

Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.

Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.

Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.

Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.

Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.

Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.

Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.

Happy trades and successful investments!
JOIN TO US ON OUR TWITTER OR TGM : t.me/binance7btc

#candles #learning #tradingStrategy #TradeAndCelebrate
$BTC $BNB $SOL
Want to know how understand Candles? Read this article - Practical GuideIntraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Hence, intraday traders try to either purchase a cryptocurrency at a low price and sell it higher or short-sell a cryptocurrency at a high price and buy it lower within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply among other factors. Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them. What are Candlestick Graphs/Charts? Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market. Composition of a Candlestick Chart This is how a candlestick chart pattern looks like:  As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts: The BodyUpper ShadowLower Shadow  Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period. A candle has four points of data: How to Analyze Candlestick Chart for Cryptocurrencies The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling. Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency. Candlestick Chart Patterns Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts. Let's divide the patterns into two sections: Bullish PatternsBearish Patterns Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies. Bullish Patterns Hammer pattern This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.  Inverse Hammer pattern This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.  Bullish Engulfing pattern This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.  Piercing Line pattern This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.  Morning Star pattern This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.  Three White Soldiers pattern This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.  Bearish Patterns Hanging Man pattern This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.  Shooting Star pattern This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.  Bearish Engulfing pattern In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.  Evening Star pattern This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.  Three Black Crows pattern This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.  Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills. Happy trades and successful investments!💪👊 @Crypto Insiders #candles #BTC $BTC {spot}(BTCUSDT) $ETH {spot}(ETHUSDT) $BNB {spot}(BNBUSDT)

Want to know how understand Candles? Read this article - Practical Guide

Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Hence, intraday traders try to either purchase a cryptocurrency at a low price and sell it higher or short-sell a cryptocurrency at a high price and buy it lower within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply among other factors.
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.

What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:


As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow


Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:

How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.


Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.


Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.


Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.


Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.


Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.


Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.


Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.


Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.


Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.


Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.


Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.

Happy trades and successful investments!💪👊
@Crypto Insiders

#candles #BTC $BTC
$ETH

$BNB
--
Bullish
Understanding and Using Candlestick Patterns in TradingCandlestick patterns are a crucial tool for traders, offering valuable insights into market sentiment and potential price movements. Originating from Japanese rice traders in the 18th century, these patterns are now fundamental in modern technical analysis. Here’s a guide to help you understand and effectively use candlestick patterns in your trading. What Are Candlestick Patterns? Candlesticks visually represent price action within a specific timeframe. Each candlestick consists of four key elements: the open, high, low, and close prices. The body of the candlestick shows the range between the open and close prices, while the wicks or shadows represent the highest and lowest prices reached during the period. Basic Candlestick Patterns 1. Doji: A Doji forms when the open and close prices are nearly equal, indicating indecision in the market. This pattern often signals a potential reversal depending on the preceding trend. 2. Hammer: A Hammer is characterized by a small body with a long lower shadow and typically appears at the bottom of a downtrend. It suggests a bullish reversal, as buyers have stepped in after a period of selling. 3. Shooting Star: The opposite of the Hammer, a Shooting Star appears at the top of an uptrend, indicating a bearish reversal. It features a small body and a long upper shadow, signaling that sellers are gaining control. 4. Engulfing Patterns: - A Bullish Engulfing pattern forms when a small bearish candle is followed by a larger bullish candle that completely engulfs the previous one, signaling a potential reversal to the upside. - The Bearish Engulfing pattern is the opposite, with a bullish candle followed by a larger bearish candle, suggesting a downward reversal. Advanced Patterns and Their Implications 1. Morning Star and Evening Star: - The Morning Star is a three-candle pattern that signals a bullish reversal. It starts with a bearish candle, followed by a small-bodied candle, and concludes with a large bullish candle. - The Evening Star is its bearish counterpart, indicating a potential market top. 2. Three Black Crows and Three White Soldiers: - These patterns consist of three consecutive bearish or bullish candles, respectively. They suggest strong momentum in the corresponding direction, often indicating a continuation of the current trend. Using Candlestick Patterns in Trading While candlestick patterns are powerful tools, their effectiveness increases when combined with other technical analysis methods, such as moving averages, trend lines, and volume indicators. This comprehensive approach helps confirm signals and improves the accuracy of your trades. For example, a Bullish Engulfing pattern at a strong support level, accompanied by increasing volume, could be a strong signal to enter a long position. Conversely, a Bearish Engulfing pattern near a resistance level might indicate a good time to consider selling or shorting. Conclusion Mastering candlestick patterns can significantly enhance your trading strategy. By learning to recognize these patterns and understanding the psychology behind them, you can anticipate potential market moves and make more informed decisions. Remember, while candlestick patterns are powerful, they should be used alongside other indicators to create a robust trading plan.

Understanding and Using Candlestick Patterns in Trading

Candlestick patterns are a crucial tool for traders, offering valuable insights into market sentiment and potential price movements. Originating from Japanese rice traders in the 18th century, these patterns are now fundamental in modern technical analysis. Here’s a guide to help you understand and effectively use candlestick patterns in your trading.

What Are Candlestick Patterns?
Candlesticks visually represent price action within a specific timeframe. Each candlestick consists of four key elements: the open, high, low, and close prices. The body of the candlestick shows the range between the open and close prices, while the wicks or shadows represent the highest and lowest prices reached during the period.
Basic Candlestick Patterns
1. Doji: A Doji forms when the open and close prices are nearly equal, indicating indecision in the market. This pattern often signals a potential reversal depending on the preceding trend.
2. Hammer: A Hammer is characterized by a small body with a long lower shadow and typically appears at the bottom of a downtrend. It suggests a bullish reversal, as buyers have stepped in after a period of selling.
3. Shooting Star: The opposite of the Hammer, a Shooting Star appears at the top of an uptrend, indicating a bearish reversal. It features a small body and a long upper shadow, signaling that sellers are gaining control.
4. Engulfing Patterns:
- A Bullish Engulfing pattern forms when a small bearish candle is followed by a larger bullish candle that completely engulfs the previous one, signaling a potential reversal to the upside.
- The Bearish Engulfing pattern is the opposite, with a bullish candle followed by a larger bearish candle, suggesting a downward reversal.
Advanced Patterns and Their Implications
1. Morning Star and Evening Star:
- The Morning Star is a three-candle pattern that signals a bullish reversal. It starts with a bearish candle, followed by a small-bodied candle, and concludes with a large bullish candle.
- The Evening Star is its bearish counterpart, indicating a potential market top.
2. Three Black Crows and Three White Soldiers:
- These patterns consist of three consecutive bearish or bullish candles, respectively. They suggest strong momentum in the corresponding direction, often indicating a continuation of the current trend.
Using Candlestick Patterns in Trading
While candlestick patterns are powerful tools, their effectiveness increases when combined with other technical analysis methods, such as moving averages, trend lines, and volume indicators. This comprehensive approach helps confirm signals and improves the accuracy of your trades.
For example, a Bullish Engulfing pattern at a strong support level, accompanied by increasing volume, could be a strong signal to enter a long position. Conversely, a Bearish Engulfing pattern near a resistance level might indicate a good time to consider selling or shorting.
Conclusion
Mastering candlestick patterns can significantly enhance your trading strategy. By learning to recognize these patterns and understanding the psychology behind them, you can anticipate potential market moves and make more informed decisions. Remember, while candlestick patterns are powerful, they should be used alongside other indicators to create a robust trading plan.
A bearish candle pattern in technical analysis signals potential downside momentum in a stock... A bearish candle pattern in technical analysis signals potential downside momentum in a stock or market. One lesser-known pattern is the "11-bar bearish candle pattern," which isn't typically discussed in mainstream trading education. It comprises a series of 11 candles, where each candle opens within the body of the previous one and closes lower. This pattern signifies sustained selling pressure over an extended period, leading to a potential significant downtrend. The 11-bar bearish candle pattern is unique because it emphasizes a prolonged struggle between buyers and sellers, with sellers gradually gaining control. This contrasts with more popular patterns like the "bearish engulfing" or "evening star," which occur over a shorter time frame. The extended nature of the 11-bar pattern makes it a powerful indicator of a longer-term shift in market sentiment. While traditional education might focus on simpler patterns, understanding the intricacies of more complex patterns like the 11-bar bearish candle can give traders an edge. It requires patience and a keen eye for detail, but recognizing this pattern can signal a strong bearish trend, allowing traders to position themselves accordingly.#VOTEme #candles #BearishPhase

A bearish candle pattern in technical analysis signals potential downside momentum in a stock...

A bearish candle pattern in technical analysis signals potential downside momentum in a stock or market. One lesser-known pattern is the "11-bar bearish candle pattern," which isn't typically discussed in mainstream trading education. It comprises a series of 11 candles, where each candle opens within the body of the previous one and closes lower. This pattern signifies sustained selling pressure over an extended period, leading to a potential significant downtrend.
The 11-bar bearish candle pattern is unique because it emphasizes a prolonged struggle between buyers and sellers, with sellers gradually gaining control. This contrasts with more popular patterns like the "bearish engulfing" or "evening star," which occur over a shorter time frame. The extended nature of the 11-bar pattern makes it a powerful indicator of a longer-term shift in market sentiment.
While traditional education might focus on simpler patterns, understanding the intricacies of more complex patterns like the 11-bar bearish candle can give traders an edge. It requires patience and a keen eye for detail, but recognizing this pattern can signal a strong bearish trend, allowing traders to position themselves accordingly.#VOTEme #candles #BearishPhase
(1) CANDLES INICIANTESPara os iniciantes que desejam operar dentro da Binance ou outra plataforma é necessário conhecer os Candles (velas) Candle de Alta (Verde) Candles de Baixa (Vermelho) Na imagem temos um candle Padrão de Alta e um Candle Padrão de baixa. Candle Padrão de Alta de muita força, o preço vai continuar a subir ... $BNB $SOL $ETH {spot}(ETHUSDT) {spot}(SOLUSDT) {future}(BTCUSDT)

(1) CANDLES INICIANTES

Para os iniciantes que desejam operar dentro da Binance ou outra plataforma é necessário conhecer os Candles (velas)

Candle de Alta (Verde)
Candles de Baixa (Vermelho)

Na imagem temos um candle Padrão de Alta e um Candle Padrão de baixa.

Candle Padrão de Alta de muita força, o preço vai continuar a subir ... $BNB $SOL $ETH
--
Bearish
WHY IS THE CRYPTO MARKETE DOWN TODAY? Over the last 24 hours, the total market cap (TOTAL) and #Bitcoin price lost a key support level on the daily chart. While some altcoins witnessed notable rallies, many, like $BONK registered considerable drawdowns. After days of showing signs of closing above the $2.50 trillion mark, the combined value of all crypto assets fell below it. The total market cap now stands at $2.46 trillion, the lowest point in nearly ten days. The next critical support is at $2.39 trillion; a drawdown to this point would mean a 2.5% dip, which is possible. This is because the #ichimoku Cloud exhibits bearishness despite being below the #candles $BTC #btc70k #altcoins
WHY IS THE CRYPTO MARKETE DOWN TODAY?

Over the last 24 hours, the total market cap (TOTAL) and #Bitcoin price lost a key support level on the daily chart. While some altcoins witnessed notable rallies, many, like $BONK registered considerable drawdowns.

After days of showing signs of closing above the $2.50 trillion mark, the combined value of all crypto assets fell below it. The total market cap now stands at $2.46 trillion, the lowest point in nearly ten days.

The next critical support is at $2.39 trillion; a drawdown to this point would mean a 2.5% dip, which is possible. This is because the #ichimoku Cloud exhibits bearishness despite being below the #candles

$BTC #btc70k #altcoins
Key Candlestick Trading Patterns for Crypto Trading 📊💡 Understanding candlestick patterns can help you predict market movements and identify trading opportunities. Here are some important patterns to watch out for: 1. Bullish Engulfing Pattern 🟢🟢 This pattern occurs when a small red (bearish) candlestick is followed by a larger green (bullish) candlestick, which completely engulfs the red one. It signals a potential reversal from a downtrend to an uptrend. 2. Bearish Engulfing Pattern 🔴🔴 Opposite to the bullish engulfing, this pattern shows a large red candlestick engulfing a smaller green one, indicating a reversal from an uptrend to a downtrend. 3. Hammer 🔨 The hammer has a small body with a long lower wick, resembling a hammer. It forms at the bottom of a downtrend and signals a bullish reversal. Buyers are pushing the price higher after sellers have driven it down. 4. Shooting Star ⭐ This pattern is the inverse of the hammer and appears at the top of an uptrend. The long upper wick shows that sellers are gaining control, indicating a potential bearish reversal. 5. Doji ➕ The Doji candlestick has almost no body, as the open and close prices are nearly equal. It indicates market indecision, where neither bulls nor bears are in control. It can signal a reversal or continuation depending on context. These patterns can give you valuable insight into market sentiment, but always confirm them with additional indicators before making trades! #DOGSONBINANCE #TradingMadeEasy #candles #BNBChainMemecoins
Key Candlestick Trading Patterns for Crypto Trading 📊💡

Understanding candlestick patterns can help you predict market movements and identify trading opportunities. Here are some important patterns to watch out for:

1. Bullish Engulfing Pattern 🟢🟢
This pattern occurs when a small red (bearish) candlestick is followed by a larger green (bullish) candlestick, which completely engulfs the red one. It signals a potential reversal from a downtrend to an uptrend.

2. Bearish Engulfing Pattern 🔴🔴
Opposite to the bullish engulfing, this pattern shows a large red candlestick engulfing a smaller green one, indicating a reversal from an uptrend to a downtrend.

3. Hammer 🔨
The hammer has a small body with a long lower wick, resembling a hammer. It forms at the bottom of a downtrend and signals a bullish reversal. Buyers are pushing the price higher after sellers have driven it down.

4. Shooting Star ⭐
This pattern is the inverse of the hammer and appears at the top of an uptrend. The long upper wick shows that sellers are gaining control, indicating a potential bearish reversal.

5. Doji ➕
The Doji candlestick has almost no body, as the open and close prices are nearly equal. It indicates market indecision, where neither bulls nor bears are in control. It can signal a reversal or continuation depending on context.

These patterns can give you valuable insight into market sentiment, but always confirm them with additional indicators before making trades!
#DOGSONBINANCE #TradingMadeEasy #candles #BNBChainMemecoins
While I am bearish with a very cautious short positions to avoid the usual surprises. What do you think about the $ETH and $BTC next week #candles
While I am bearish with a very cautious short positions to avoid the usual surprises. What do you think about the $ETH and $BTC next week #candles
👍
35%
👎
65%
26 votes • Voting closed
Crypto Insiders
--
Understanding candles - How To Grow Your Trading Accuracy - Practical Tutorial
Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Hence, intraday traders try to either purchase a cryptocurrency at a low price and sell it higher or short-sell a cryptocurrency at a high price and buy it lower within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply among other factors.
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.
What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:


As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow


Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:

How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.


Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.


Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.


Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.


Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.


Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.


Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.


Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.


Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.


Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.


Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.


Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.

Happy trades and successful investments!
#Write2Earn‬ #Bitcoin #Binance
$BTC

$ETH

$SOL

$BNB
Decoding Candlestick Patterns for Crypto Trading - Practical GuideTrading cryptocurrencies within a single day involves buying and selling assets without leaving any open positions at the end of the trading session. Traders aim to profit by purchasing cryptocurrencies at lower prices and selling them at higher rates, or by short-selling when prices are high and repurchasing at lower levels during the same day. This approach requires a solid understanding of market dynamics and the ability to analyze relevant information to make informed decisions, as cryptocurrency prices are influenced by various factors, including supply and demand. One valuable tool for traders is candlestick chart patterns, which help visualize price movements and trends. In the following sections, we will discuss how to interpret these candlestick charts effectively. What are Candlestick Graphs/Charts? Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market. Composition of a Candlestick Chart This is how a candlestick chart pattern looks like:  As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts: The BodyUpper ShadowLower Shadow  Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period. A candle has four points of data: How to Analyze Candlestick Chart for Cryptocurrencies The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling. Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency. Candlestick Chart Patterns Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts. Let's divide the patterns into two sections: Bullish PatternsBearish Patterns Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies. Bullish Patterns Hammer pattern This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.  Inverse Hammer pattern This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.  Bullish Engulfing pattern This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.  Piercing Line pattern This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.  Morning Star pattern This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.  Three White Soldiers pattern This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.  Bearish Patterns Hanging Man pattern This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.  Shooting Star pattern This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.  Bearish Engulfing pattern In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.  Evening Star pattern This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.  Three Black Crows pattern This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.  Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills. Happy trades and successful investments!💪👊 @Crypto Insiders #candles #BTC #guide #BinanceTurns7 $BTC {spot}(BTCUSDT) $SXP {spot}(SXPUSDT) $BNB {spot}(BNBUSDT)

Decoding Candlestick Patterns for Crypto Trading - Practical Guide

Trading cryptocurrencies within a single day involves buying and selling assets without leaving any open positions at the end of the trading session. Traders aim to profit by purchasing cryptocurrencies at lower prices and selling them at higher rates, or by short-selling when prices are high and repurchasing at lower levels during the same day. This approach requires a solid understanding of market dynamics and the ability to analyze relevant information to make informed decisions, as cryptocurrency prices are influenced by various factors, including supply and demand.
One valuable tool for traders is candlestick chart patterns, which help visualize price movements and trends. In the following sections, we will discuss how to interpret these candlestick charts effectively.

What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:


As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow


Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:

How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.


Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.


Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.


Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.


Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.


Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.


Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.


Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.


Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.


Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.


Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.


Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.

Happy trades and successful investments!💪👊
@Crypto Insiders

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