What is Intraday Trading?
Intraday trading means buying and selling crypto within the same day. Traders aim to profit from small price movements—buying low and selling high (or vice versa).
What is a Candlestick Chart?
Candlestick charts show how a coin's price moved during a specific time frame. Each candle includes:
Body – Displays the opening and closing price
Upper Wick – The highest price during the period
Lower Wick – The lowest price during the period
Color –
Green: Price went up
Red: Price went down
Why Are Candlesticks Important?
Candlestick patterns help traders spot trends and possible reversals in the market—whether bullish (uptrend) or bearish (downtrend).
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Bullish Patterns (Price May Rise):
Hammer
Small body, long lower wick – suggests buyers are stepping in.
Inverse Hammer
Small body, long upper wick – buyers might take control soon.
Bullish Engulfing
Small red candle followed by a large green candle – indicates growing buyer momentum.
Piercing Line
Red candle followed by a green one that moves halfway up the red – positive signal for bulls.
Morning Star
A three-candle pattern: red, small, then green – suggests a trend reversal to the upside.
Three White Soldiers
Three strong green candles in a row – signals a powerful uptrend.
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Bearish Patterns (Price May Fall):
Hanging Man
Small body, long lower wick – sellers may start taking over.
Shooting Star
Small body, long upper wick – price may face downward pressure.
Bearish Engulfing
Small green candle followed by a large red candle – hints at a trend reversal.
Evening Star
Three candles: green, small, then red – indicates potential downside.
Three Black Crows
Three consecutive red candles – signals a strong downtrend.
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In Summary:
Candlestick charts offer a visual shortcut to understanding price action. Master these simple patterns to make smarter, more confident trading decisions.
Keep it simple. Watch the candles. Trade smarter.
