#CryptoCharts101 CryptoCharts101 Candlestick & Chart Patterns in Crypto Trading 🔍📊

Mastering candlestick and chart patterns is key to spotting trends, reversals, and breakouts in crypto! 🚀

Candlestick Basics: Each candle shows open, high, low, and close prices in a given time frame. Key candlestick patterns include:

Bullish Engulfing: Signals potential upward reversal 📈

Bearish Engulfing: Indicates likely downward move 📉

Doji: Market indecision – often precedes a reversal ⚖️

Hammer/Inverted Hammer: Suggests a trend reversal after a strong move

Chart Patterns to Watch:

Trend Continuation:

📐 Ascending Triangle: Bullish breakout

🧱 Bullish Flag/Pennant: Short pause before price climbs

Reversal Patterns:

🔄 Head & Shoulders: Bearish reversal

⏫ Double Bottom: Bullish turnaround

Breakout Signals:

📊 Cup & Handle: Long-term bullish breakout

⛓️ Falling Wedge: Bullish breakout potential

Tip: Use volume confirmation – breakouts with high volume are more reliable.

Learn to read the story the chart tells – the patterns reveal the market’s next move. 🔍📉📈