$📊 Crypto Candlestick Pattern Strategy – Step by Step$
✅ Step 1: Understand What a Candlestick Shows
Each candle represents:
Open, High, Low, Close (OHLC) price during a time frame (e.g., 1h, 4h, 1D)
Green candle = price up, Red candle = price down
✅ Step 2: Choose a Reliable Charting Tool
Use platforms like:
TradingView
Binance charts
CoinMarketCap (limited)
Set your timeframe based on your trading style:
Scalping: 1m–15m
Swing: 4h–1D
Long-term: 1D–1W
Step 3: Learn Key Candle Patterns
🔥 Bullish Patterns (Reversal)
Hammer 🛠️: Long lower wick, small body – potential bounce
Bullish Engulfing: Large green candle fully covers red one
Morning Star: 3-candle pattern signaling bottom reversal
💀 Bearish Patterns (Reversal)
Shooting Star 🌠: Long upper wick – signals sell-off
Bearish Engulfing: Large red candle covers previous green
Evening Star: Top reversal signal
Step 4: Combine With Indicators
Use RSI (overbought/oversold zones)
Use MACD for trend confirmation
Check volume spikes with pattern
✅ Step 5: Plan Entry & Exit
Enter after confirmation candle
Set Stop-Loss just below the pattern
Take-Profit based on risk-reward (1:2 or 1:3)
✅ Step 6: Practice With Demo or Small Capital
Start small. Backtest patterns. Focus on probability, not perfection.
