#CryptoCharts101

Reading crypto charts is a game-changer in

trading. At the heart of chart analysis are

candlestick patterns — visual representations

of price action that help you predict market

moves.

🕯️ What is a Candlestick?

Each candlestick shows the open, close, high,

and low prices within a specific time frame

(like 1 minute, 1 hour, or 1 day). The body

tells you the price range between open and

close, while the wicks show highs and lows.

🔍 Common Candlestick Patterns:

Bullish Engulfing: Signals a potential upward

reversal.

Bearish Engulfing: Indicates a possible

downward turn.

Doji: Shows market indecision — a possible

reversal or pause.

Hammer & Hanging Man: Candles with small

bodies and long wicks that can signal

reversals.

📈 How Chart Reading Helps Me:

By spotting these patterns early, I can time my

entries near support levels and set exits

before a reversal, reducing losses and

maximizing gains. It’s not foolproof but adds

an important edge.