A very complete explanation, full of value and best practices 👌

Many traders lose money because they rely too much on complicated indicators or expensive signal groups. The reality is much simpler: the price chart itself already tells the story. By learning to read candlestick patterns, especially on the 5-minute chart, you can turn small moves into consistent daily profits.

Why the 5-Minute Chart Is So Powerful
The 5-minute chart is one of the best timeframes for active traders. Here’s why:
It is fast enough to catch opportunities without waiting all day.
It is stable enough to reduce random noise compared to 1-minute charts.
It gives multiple trade setups daily, which means you don’t need to force trades.
Each candlestick reflects the fight between buyers and sellers, so you see raw market psychology in action.
When you master this, you no longer feel lost or dependent on external signals.

The Most Reliable Candlestick Patterns
Some patterns appear again and again, and they work because they show clear shifts in momentum. Focus on these:
Bullish Engulfing: A small red candle followed by a large green one. This shows buyers taking control.
Bearish Engulfing: A small green candle followed by a large red one. This shows sellers taking control.
Morning Star: Three candles showing a downward move slowing down, then a reversal upward.
Evening Star: The opposite — three candles showing upward momentum fading, then reversal down.
Three White Soldiers: Three strong green candles in a row, confirming strong buying momentum.
Three Black Crows: Three strong red candles, confirming strong selling momentum.
Tweezer Bottom / Top: Two candles rejecting the same price level, hinting at a reversal.
Doji with Confirmation: A Doji shows indecision. The next candle decides the breakout direction.

The goal is not to memorize every pattern, but to understand what each one says about buyers and sellers.

Step-by-Step Trading System
Here’s a system that keeps things simple and effective:

Step 1: Find the Bigger Trend
Always check the 15-minute or 1-hour chart first. If the larger trend is up, focus only on bullish setups. If it is down, focus only on bearish setups. Trading with the trend increases your chances of success.

Step 2: Wait for 5-Minute Confirmation
Once you spot a pattern, never enter before the candle closes. Wait for the 5-minute candle to confirm the setup before you act.

Step 3: Set Profit Targets
Target 1: Around 0.5% move
Target 2: Around 1% move
Target 3: Around 2% move
With leverage, these moves grow much larger. For example, on 10x leverage, a 1% move equals 10% profit.

Step 4: Place a Stop Loss
Always place your stop loss just below a bullish setup or just above a bearish setup. This keeps your risk small.
Position Sizing and Profit Potential
The money you make depends on how much capital you use and what leverage you apply. For example:
With $500 capital at 10x leverage, a 1% price move = $50 profit.
With $1,000 capital at 10x leverage, a 5% move = $500 profit.
The secret is not to overtrade. Just 2–3 clean setups per day are enough to hit your daily targets.

The Daily Routine of a Successful Trader
Professional traders keep things simple. Here’s what a good routine looks like:
Start by checking BTC or ETH on the 15-minute chart to see the trend.
Switch to the 5-minute chart and wait patiently for a clean candlestick pattern.
Enter only after confirmation.
Take partial profits at the first target, then let the rest run toward higher targets.
After 2–3 successful trades, stop trading for the day.
This routine avoids overtrading and protects your profits.

The Role of Discipline
The real difference between a profitable trader and a losing one is not knowledge — it is discipline. To succeed, you must:
Trade only clear patterns, never random guesses.
Always use stop losses to protect your account.
Risk no more than 1–2% of your capital on any single trade.
Avoid “revenge trading” after a loss. One bad trade should not destroy your whole day.

Final Thoughts
Making $30 to $600 daily on Binance is not about luck or secret indicators. It comes down to three things: candlestick mastery, risk management, and discipline. The 5-minute chart gives you multiple opportunities every day, and with patience, even a small account can grow steadily.
Start small, learn the patterns, follow your rules, and scale up only as you gain confidence. In time, you’ll see that consistent profits are possible — not because of magic signals, but because you understand the market itself.