CryptoCharts101: Essential Candlestick Patterns You Must Know! 🕯️
For those of you who are just starting to trade crypto, understanding candlesticks is a MUST! Because each bar can provide important insights into price movements.
✨ 3 Basic Patterns You Should Recognize: 1️⃣ Doji – A sign of market indecision. The opening & closing prices are almost the same. Usually appears before a trend reversal. 2️⃣ Hammer – A signal of potential upward reversal. Long lower wick, small body at the top. 3️⃣ Engulfing – A pattern of 2 candlesticks, where the second candle “engulfs” the first candle. Can indicate bullish or bearish reversal.
🧠 Pro tips:
Don’t rely on just one pattern!
Always check volume & confirmation from other indicators like RSI/MACD.
Keep practicing reading charts on a demo account before entering real trades.
📈 Want to learn more patterns? Drop a 📚 emoji in the comments!