#CryptoCharts101 Understanding Candlestick Charts in Crypto Trading
Candlestick charts are your best friends when it comes to reading market psychology. Each candle shows the opening, closing, high, and low price of an asset in a specific time frame.
✅ Bullish Candle – Price closed higher than it opened (usually green or white)
❌ Bearish Candle – Price closed lower than it opened (usually red or black)
Start with these basics:
📈 Uptrend: Series of higher highs and higher lows.
📉 Downtrend: Series of lower highs and lower lows.
💡 Reversal Patterns: Like Morning Star, Hammer, or Engulfing can signal trend changes.
📊 Mastering these patterns helps in spotting buy/sell zones, avoiding FOMO trades, and becoming a smarter trader.