#CryptoCharts101

While studying candlestick patterns and the basics of charts, I realized that they can provide a lot of information about market trends. To determine trends, I pay attention to patterns such as "three white soldiers" or "three black crows," which signal a continuation of movement.

For reversals, I look for patterns like "head and shoulders" or "double bottom," which may indicate a change in direction. I identify breakouts based on support and resistance levels, as well as patterns like "flag" or "pennant," which show possible strong movements after consolidation.

The Three White Soldiers pattern consists of three green candles with a gradually rising price. If the pattern forms after a correction or consolidation, it may indicate market growth. The condition of the pattern: the opening of each candle is close to the closing of the previous one, and the closing is at the high or near it.

The Three Black Crows pattern is a signal of a reversal towards a bearish trend. The formation consists of three large red candles arranged in a staircase without significant shadows.

This reversal signal should only be considered in the presence of an upward trend.