#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. 🔍📉📈