#CryptoCharts101 🕯️ Do you want to understand charts like a pro? 😏 Start with the essentials: Japanese candlesticks. 📊
Each candle represents price movement over a specific time period (1D, 4H, etc.). ⏳ The body shows the open and close; if the candle is green ✅, the close was higher than the open (bullish); if it is red 🔻, it was lower (bearish). The wicks or shadows reveal the price extremes reached. 🔝🔚
By simply observing certain formations, you can anticipate key market changes: 🔍📉📈
- Hammer 🔨: suggests a possible bullish reversal after a decline.
- Shooting star ☄️: warns of a possible decline after a rise.
- Engulfing patterns 🌀: large candles that cover the previous ones, a clear reversal signal.
- Doji ✖️: reflects market indecision, useful in support or resistance zones.
These patterns do not predict the future on their own, but combined with volume 💹 and technical context 📊, they give you an advantage. 🚀📈
⚠️ WARNING ⚠️
📌 This is a personal and subjective analysis by Cripto Analista Latam, it is not advice, and under no circumstances should it be taken as a signal to trade.
💡 Remember that the cryptocurrency market is very volatile and unpredictable, so trade with caution and at your own risk.
🔎 Do your own research! (DYOR)
👤 By Cripto Analista Latam