#CryptoCharts101 Candlestick Patterns & Chart Reading Basics
🔹 What Are Candlesticks?
Candlesticks are visual representations of price movement over a specific time frame (1 min, 1 hr, 1 day, etc.).
Each candle shows 4 key points:
Open: Where the price started
High: Highest price during that time
Low: Lowest price
Close: Where the price ended
👉 If the candle is green (or white) – price went up
👉 If it’s red (or black) – price went down
Popular Candlestick Patterns to Know
Doji – Small body, price opened and closed nearly the same
🧠 Signal: Indecision, trend reversal may come
Hammer – Small body, long lower wick
🧠 Signal: Bullish reversal after a downtrend
Shooting Star – Small body, long upper wick
🧠 Signal: Bearish reversal after an uptrend
Bullish Engulfing – Small red candle followed by large green candle
🧠 Signal: Strong buying pressure
Bearish Engulfing – Small green candle followed by large red candle
🧠 Signal: Selling pressure.