Candlestick Patterns 101: Read the Market Like a Pro
📌 Ever felt lost looking at crypto charts? Those red and green bars (called candlesticks) are more than just colors—they tell a story. In this post, you’ll learn the basics of candlestick patterns and how they can help you predict the market's next move.
🔹 What is a Candlestick?
Each candlestick shows price movement within a specific time frame (like 1 minute, 1 hour, or 1 day).
It has 4 main parts:
🟢 Open: Price at the start of the candle
🔴 Close: Price at the end
🔼 High: Highest price reached
🔽 Low: Lowest price touched
The body shows open vs close, and the wicks (shadows) show highs and lows.
🔹 3 Powerful Candlestick Patterns to Know
1️⃣ Doji – Indecision in the Market
Price opens and closes at the same level. It means the market is unsure.
⚠️ Usually found before big moves.
2️⃣ Hammer – Bullish Reversal
Looks like a “T.” Found at the bottom of a downtrend. Long wick, small body.
✅ Sign buyers are stepping in.
3️⃣ Engulfing Pattern – Strong Trend Reversal
A big green/red candle that “engulfs” the previous one.
🔥 Bullish engulfing = Uptrend likely
🔥 Bearish engulfing = Downtrend likely
🔹 Why Candles Matter in Crypto
Crypto is fast and volatile. Candlestick patterns help you:
✅ Spot trends early
✅ Avoid FOMO entries
✅ Make more confident trades
📊 Combine candles with volume & RSI for better accuracy.
📣 Final Thoughts:
You don’t need to be a chart guru to succeed in crypto. Just learn the basics, stay patient, and build your edge. Master candlesticks, and the charts will start talking to you.
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