Why I Call Candlestick Patterns a Scam
#RealTalk #TradingMyths #CryptoEducation
Candlestick patterns are one of the first things you learn in technical analysis—and I call them a scam.
From day one, whether you’re a beginner or learning from a so-called expert, it’s always the same story:
• Doji = Buy
• Inverted Hammer / Shooting Star = Sell
But if trading were really that easy, why do 90% of traders still lose money?
Take a look at the chart below.
How many traders do you think shorted the coin just because they spotted a few hammers or shooting stars?
Probably a lot.
And most of them? Stopped out.
Here’s the Truth:
One candle doesn’t change the market.
One pattern doesn’t define the trend.
You need more than a shape on a chart—you need context.
You need to read market structure, not candle names.
As long as the structure is bullish, stay bullish.
Don’t flip your bias based on one dramatic-looking wick.
What Actually Matters:
• Market structure
• Price action in context
• Trend continuation or break
• Volume and liquidity zones
• Patience and confirmation
Final Word:
Candlestick patterns aren’t magic—they’re marketing.
Learn how the market moves as a whole, not just how it looks in a single candle.
Wait for confirmation. Stay objective. Trade smart.
Keep learning—and question everything.