candlestick_patterns

👋 Hey there, crypto explorer!

If you've ever looked at a crypto chart and thought,

"What the heck is that green-and-red Lego block mess?"

You're not alone. 😅

That "mess" is actually a candlestick chart, and once you learn how to read it, you'll never look at price the same way again. Candlesticks help you see the mood of the market, spot trends early, and make smarter trading decisions. 🧠💰

Let’s break it down—: no fluff, no stress, just real talk.

🕯️ What’s a Candlestick Chart, Anyway?

A candlestick chart is a fancy way of saying:

"Here's what the price did during a specific time."

Each candle shows you 4 things:

Open: Where the price started

Close: Where the price ended

High: The highest it went

Low: The lowest it dipped

⏳ Time frame? That’s up to you. You can look at 1-minute candles, 1-hour, 1-day... even 1-week. (Most newbies start with 1H or 1D.)

🧱 Anatomy of candles

If the Close > Open, it's a green candle (price went UP 📈)

If the Open > Close, it's a red candle (price went DOWN 📉)

👀 Real Talk: Why Candles Matter in Crypto

Candlestick charts show you:

🧠 Market psychology: Fear, greed, hesitation—it’s all in there

🔍 Price patterns: Clues to what's coming next

📊 Support & resistance zones: Where price often bounces or breaks

💡 Common Candlestick Patterns You’ll Want to Know

Here are a few patterns that can help you spot trends or reversals:

1. Doji – 🧘 Market is unsure

Small body, long wicks. Price opened and closed at the same level. Expect volatility.

2. Hammer – 🔨 Bullish reversal

Looks like a lollipop. Appears after a downtrend—might mean price is about to bounce up.

3. Shooting Star – 🌠 Bearish reversal

Upside-down hammer. Appears after an uptrend—could signal a drop.

4. Bullish Engulfing – 💪 Buyers taking over

A small red candle gets fully “eaten” by a big green candle.

5. Bearish Engulfing – 😨 Sellers taking control

A small green candle gets crushed by a larger red one.

🧪 Try It Yourself: Look at a Real Chart

Head to Binance Advanced Trading View 👈

Switch to Candlestick View

Pick a time frame (start with 1H or 4H)

See if you can spot:

Green and red candles

Long wicks = price rejection
Patterns like hammers or engulfing

👇 Here's a screenshot to help:

(Add screenshot of Binance candlestick chart here)

⚠️ Quick Tips for Beginners

✅ Don’t overanalyze every candle—look for patterns and context

✅ Always check the trend before trusting a pattern

✅ Combine candles with indicators (like RSI or volume) for better accuracy

✅ Practice makes confidence—use Binance’s demo or low-stakes trading to learn

🔁 TL;DR – Candlestick Charts Made Easy

Candles = mini price stories

Green = price went up | Red = price went down

Body shows Open & Close; wicks show High & Low

Patterns like Doji, Hammer, and Engulfing help predict market direction

Use them on Binance with your fave crypto pairs

🧠 Remember: Candlestick charts don’t predict the future—but they do help you understand the present. And the more you learn, the better your trading instincts become.

Now go look at some candles 🔥
#candlestick_patterns #cryptotrading $BTC

Let’s learn from scratch about candlesticks to build your conceptual foundation.

What is a Candlestick Pattern?
A candlestick pattern shows price action over a certain period. It comprises of four parts:

Open: The price at which the period begins.
High: The highest price reached during the period.
Low: The lowest price reached during the period.
Close: The final price at the end of the period.

Each candle gives you a clue about market sentiment. If the close of a candle is higher than the open price, it is considered a bullish candle and is represented by green color. It indicates buyers are in control. On the other hand, if the close price is below the open price, it shows the sellers are in control, and the candle's color is red.

Candlesticks are important for traders because they represent the market sentiment visually, whether buyers dominate or sellers do not.
-------Types of Candlestick Patterns-------
We categorize the candlestick patterns into three parts. Let’s take a look:

Single Candlestick Patterns
Single candlestick patterns give you insight based on one price bar.

Doji
It indicates indecision in the market as the open and close prices are almost the same.

Hammer
It is a bullish pattern that appears after a downtrend. It indicates that the selling was exhausted, and buyers had stepped in. The color of the candle does not matter. The only thing that matters is a long wick with a small body at the bottom. Usually, the wick size is three times the size of the body.

Shooting Star
It is a bearish reversal pattern that appears after an uptrend. It shows a potential selling pressure. It has a long wick on the upside and a small body.

Double Candlestick Patterns
Patterns with two candlesticks represent strong reversal and continuation signals.

Bullish Engulfing
It is a big size bullish candle that covers the previous candle. It indicates a strong buying momentum.

Bearish Engulfing
It is a large bearish candle that covers the previous candle. It indicates a strong selling momentum.

Tweezer Tops & Bottoms
It occurs at the end of an uptrend or downtrend and signals a trend reversal. Two identical candles with different colors represent the tweezers.

Triple Candlestick Patterns
Coming soon in next article....
Note: this is only for educational purpose!!
#EducationalPost #candlestick_patterns #ETHReclaims3800
$ETH