1️⃣ Learn first, earn later • Don't enter the market without understanding what a candlestick is (open, close, high, and low). • Spend time practicing on a demo account or with small amounts before risking significant money.
⸻
2️⃣ Always use a trading plan
Your plan should include: • 📊 Clear strategy (example: trend + pullback + confirmation with candlestick). • 🎯 Entry and exit rules. • 🛑 Defined stop-loss BEFORE entering.
⸻
3️⃣ Control risk • Risk a maximum of 1%–2% of your capital per trade. • No matter how confident you are, always set a stop-loss. • Remember: survive > win quickly.
⸻
4️⃣ Trade in the direction of the trend • Beginners often lose by trying to “guess turns.” • If the EMA20 and EMA50 point up → look for buys only. • If they point down → look for sells only.
⸻
5️⃣ Use longer time frames • In 5m or 15m there is a lot of noise and false breakouts. • Better to start in 1H or 4H → clearer movements and less stress.
⸻
6️⃣ Psychology rules • Don't chase the market: if you missed an entry, wait for another. • Don't try to “recover” quickly after a loss → it usually ends in more losses. • Be patient: professional traders wait more than they trade.
⸻
7️⃣ Keep a trading journal • Record each trade (asset, entry, stop, result, emotion). • This shows you your mistakes and strengths clearly.
⸻
8️⃣ Avoid trading on important news • Candles go wild during announcements from the FED, inflation, halving, etc. • As a beginner, it's better to stay out during those times.
⸻
9️⃣ Less is more • Don't try to trade 10 cryptos at once. • Choose 1–2 (e.g., BTC/USDT and BTR/USDT) and get to know them well.
⸻
🔟 Think in probabilities, not certainties • No strategy is 100% accurate. • What matters is that your average gains are greater than your average losses.
Why: new project cryptocurrencies tend to move with strong impulses and clear retracements. Trading in the direction of the trend reduces the risk of getting caught in a bad moment.
2️⃣ Tools to use (in Binance App)
Candlestick chart (1H for intraday or 4H for more calm). EMA 20 and EMA 50 → indicate trend. Volume → confirms if the movement has strength.
@BitlayerLabs 1️⃣ Main focus: Trend + Pullback • Why: cryptocurrencies of new projects tend to move with strong impulses and clear pullbacks. Trading in favor of the trend reduces the risk of getting caught at a bad moment.
⸻
2️⃣ Tools to use (in Binance App) 1. Candlestick chart (1H for intraday or 4H for more calm). 2. EMA 20 and EMA 50 → indicate trend. 3. Volume → confirms if the movement has strength.
⸻
3️⃣ Entry rules (buying mode) 1. Identify bullish trend: EMA20 above EMA50. 2. Wait for a pullback towards EMA20 or EMA50. 3. Look for a strong green candle (bullish engulfing or hammer) as confirmation. 4. Enter just above the high of the confirmation candle.
⸻
4️⃣ Stop-loss and Take Profit • Stop-loss: below the minimum of the pullback (or 1 × ATR if you know how to use it). • Take Profit: • TP1 = +1R (risk equal to the distance of the stop). • TP2 = +2R (double the risk). • When it reaches TP1 → move stop to entry price (break-even).
⸻
5️⃣ Capital management • Max risk 1% of your capital per trade. • If you lose 3 times in a row → pause, review your analysis before returning.
⸻
6️⃣ Realistic example for $BTR • Capital: 200 USDT • Risk per trade: 1% = 2 USDT • Stop: 0.005 USDT (example) • Position size: 2 ÷ 0.005 = 400 #bitlayer
1️⃣ Main focus: Trend + Pullback • Why: New project cryptos often move with strong impulses and clear pullbacks. Trading in favor of the trend reduces the risk of getting caught in a bad moment.
⸻
2️⃣ Tools to use (in Binance App) 1. Candlestick chart (1H for intraday or 4H for more calm). 2. EMA 20 and EMA 50 → indicate trend. 3. Volume → confirms if the movement has strength.
⸻
3️⃣ Entry rules (buying mode) 1. Identify bullish trend: EMA20 above EMA50. 2. Wait for a pullback towards EMA20 or EMA50. 3. Look for a strong green candle (bullish engulfing or hammer) as confirmation. 4. Enter just above the high of the confirmation candle.
⸻
4️⃣ Stop-loss and Take Profit • Stop-loss: below the minimum of the pullback (or 1 × ATR if you know how to use it). • Take Profit: • TP1 = +1R (risk equal to the distance of the stop). • TP2 = +2R (double the risk). • When reaching TP1 → move stop to entry price (break-even).
⸻
5️⃣ Capital management • Max risk 1% of your capital per trade. • If you lose 3 times in a row → pause, review your analysis before coming back.
⸻
6️⃣ Realistic example for $BTR • Capital: 200 USDT • Risk per trade: 1% = 2 USDT • Stop: 0.005 USDT (example) • Position size: 2 ÷ 0.005 = 400 $BTR • Trend: EMA20 > EMA50 on 1H. • Pullback to EMA20, bullish engulfing candle, entry and TP1 reached → stop at break-even, part of the position continues to TP2.
#CreatorPad Panelist A: For traders who generate analysis, signals, or educational content, CreatorPad offers a direct monetization channel on Binance, a high-traffic environment (~35 million monthly users)  .
Panelist C: The campaign system and real-time tracking (Mindshare Leaderboard) increase visibility and encourage useful and consistent content  .
Panelist B: The integration with Binance Square facilitates access to crypto projects and communities for trading and analysis, without relying on other networks or intermediaries.
Example asset: BTC/USDT Timeframe: 1H (you can also try 4H for less noise) Indicators on Binance: • EMA 50 and EMA 200 (in Indicators → Trend). • Volume (to confirm breakouts).
⸻
1️⃣ Identify the trend • EMA50 > EMA200 → bullish market → look for buys only. • EMA50 < EMA200 → bearish market → look for sells only.
⸻
2️⃣ Mark key level • Look for a recent high or low that the price has touched several times but has not broken yet. • Example: resistance at $65,000 in BTC/USDT.
⸻
3️⃣ Wait for the breakout with volume • When the price breaks the level and closes above (buys) or below (sells), check that the volume of the candle is greater than the recent average. • This confirms that it is not a false breakout due to low interest.
⸻
4️⃣ Wait for the pullback • After breaking, the price usually comes back to “test” the broken level. • Example: breaks $65,000 → rises to $65,500 → drops again towards $65,000.
⸻
5️⃣ Entry signal • Look for a confirmation candle in the direction of the trend: • For buys: large green candle (bullish engulfing or hammer). • For sells: large red candle (bearish engulfing or bearish pin bar). • Entry 2–5 USDT above/below the confirmation level (for buys) or below (for sells).
⸻
6️⃣ Stop-loss and Take Profit • Stop-loss: just below the broken level (buys) or above (sells), or at 1 × ATR(14) if you use it. • Take Profit: • TP1 = distance equal to risk (R=1). • TP2 = R=2 or next strong zone. • TP3 optional = let it run as long as EMA50 does not break against.
⸻
7️⃣ Example on Binance (BTC/USDT 1H) 1. EMA50 > EMA200 → bullish trend. 2. Resistance marked at $65,000. 3. Green candle breaks up to $65,500 with high volume. 4. Pullback drops to $65,050. 5. Bullish engulfing on pullback → entry at $65,070. 6. Stop at $64,900 (–170 USDT risk per BTC).
1️⃣ Identify the trend • EMA50 > EMA200 → bullish market → look for only buys. • EMA50 < EMA200 → bearish market → look for only sells.
⸻
2️⃣ Mark key level • Look for a recent high or low that the price has touched several times but has not broken yet. • Example: resistance at $65,000 in BTC/USDT.
⸻
3️⃣ Wait for the breakout with volume • When the price breaks the level and closes above (buys) or below (sells), check that the volume of the candle is higher than the recent average. • This confirms that it is not a false breakout due to low interest.
⸻
4️⃣ Wait for the pullback • After breaking, the price usually returns to “test” the broken level. • Example: breaks $65,000 → rises to $65,500 → drops back towards $65,000.
⸻
5️⃣ Entry signal • Look for a confirmation candle in the direction of the trend: • For buys: large green candle (bullish engulfing or hammer). • For sells: large red candle (bearish engulfing or bearish pin bar). • Entry 2–5 USDT above/below the confirmation level (for buys) or below (for sells).
⸻
6️⃣ Stop-loss and Take Profit • Stop-loss: just below the broken level (buys) or above (sells), or at 1 × ATR(14) if you use it. • Take Profit: • TP1 = distance equal to risk (R=1). • TP2 = R=2 or next strong zone. • TP3 optional = let it run as long as EMA50 does not break against.
⸻
7️⃣ Example in Binance (BTC/USDT 1H) 1. EMA50 > EMA200 → bullish trend. 2. Resistance marked at $65,000. 3. Green candle breaks up to $65,500 with high volume. 4. Pullback drops to $65,050. 5. Bullish engulfing on pullback → entry at $65,070. 6. Stop at $64,900 (–170 USDT risk per BTC). 7. TP1 at $65,240, TP2 at $65,410. 8. Result: TP2 reached, trade closed in profit.
1️⃣ Detect the trend • Luis opens his H1 chart and sees that EMA50 has been above EMA200 for several days. • The price mostly stays above EMA50 → Clear bullish trend ✅
2️⃣ Mark the zone • Draw a horizontal line at the support of 1.0850 (the area where it previously bounced). • Note that EMA50 is very close to that level, reinforcing the zone.
3️⃣ Wait for the pullback • The price retraces from 1.0900 to 1.0852, touching the support zone + EMA50. • Now, Luis waits for confirmation before entering.
4️⃣ Identify the confirmation candle • A bullish engulfing appears: • A small red candle followed by a large green candle that completely covers it. • Close of the green candle = 1.0865.
5️⃣ Define entry and stop • Entry: Buy stop at 1.0867 (2 pips above the high of the green candle). • Stop-loss: 1.0847 (below the low of the engulfing) → 20 pips stop.
6️⃣ Calculate position size 1. Risk: 1% of $1,000 = $10 2. Stop: 20 pips 3. Pip value for 0.01 lots: $0.10 4. Formula: 10 ÷ (20 × 0.10) = 0.05 lots (5 microlots).
8️⃣ Execution and management • The price activates the order on the next candle and rises quickly. • TP1 is reached → Luis closes half and moves the stop to break-even. • The price continues rising and hits TP2 → closes 25% more. • The rest exits at TP3.
9️⃣ Result • 50% at R=1 → +$5 • 25% at R=2 → +$5 • 25% at R=3 → +$7.5 • Total profit: $17.5 (1.75% of the account). • Maximum risk taken: $10.
🔟 Journal entry
In the Backtest_Candlestick_Patterns.xlsx sheet, note: • Date, asset, time frame. • EMA50 > EMA200, pullback to EMA50, bullish engulfing pattern. • Entry 1.0867, stop 1.0847, TPs, result +1.75R, +$17.5. • Note: “Clean trend, perfect confluence EMA + support, no news.”
7) Risk management (key) • Risk 0.5%–1% per trade (max. 2% if you have a lot of experience). • Position size (FX example EUR/USD): • Value of the pip ≈ $10 per 1.00 lot, $1 per 0.10, $0.10 per 0.01. • Formula: \text{Lots} = \frac{\text{Capital} \times \text{Risk}}{\text{Stop (pips)} \times \text{Value per pip}} Arithmetic example step by step: • Capital = $1,000 • Risk = 1% ⇒ $10 • Stop = 20 pips • Value per pip for 0.01 lots = $0.10 • Denominator = 20 × 0.10 = 2.00 • Lots = 10 / 2.00 = 0.05 (5 microlots)
8) Filters that increase quality • Avoid high impact news (calendar) 30–60 min before/after. • Do not trade if the signal candle is against a giant wick right at opposing resistance/support. • Avoid very sideways markets (flat and intertwined EMAs).
9) Invalidating rules • If after entering the price closes strongly on the other side of EMA50 (on H1/H4) or breaks your key low/high, exit without hesitation. • Maximum 3 consecutive losses in a day: stop and review.
10) Quick checklist (print and stick) 1. Is there a clear trend by EMAs? 2. Is there a pullback to the zone (S/R + EMA50)? 3. Is there a valid and clean candle pattern? 4. Is there confluence (reasonable ATR, RSI not extreme)? 5. Is the entry stop above/below the signal? 6. Is Stop ≥ max(tail/ATR)? Is risk ≤ 1%? 7. Are TPs and management plan defined? 8. Are there no nearby news? 9. Is position size calculated? 10. Did you capture and note in the journal?
11) How to validate (backtest + metric) • Make ≥50 historical trades with fixed rules. • Calculate Expectation: E = (W \% \times \text{Average gain in R}) - ((1 - W\%) \times \text{Average loss in R}) • If E > 0 and drawdown tolerable, you are doing well. If not, adjust only one thing at a time (e.g., pattern or TP).
7) Risk management (key) • Risk 0.5%–1% per trade (max. 2% if you have a lot of experience). • Position size (FX example EUR/USD): • Value of the pip ≈ $10 per 1.00 lot, $1 per 0.10, $0.10 per 0.01. • Formula: \text{Lots} = \frac{\text{Capital} \times \text{Risk}}{\text{Stop (pips)} \times \text{Value per pip}} Arithmetic example step by step: • Capital = $1,000 • Risk = 1% ⇒ $10 • Stop = 20 pips • Value per pip for 0.01 lots = $0.10 • Denominator = 20 × 0.10 = 2.00 • Lots = 10 / 2.00 = 0.05 (5 microlots)
8) Filters that increase quality • Avoid high-impact news (calendar) 30–60 min before/after. • Do not trade if the signal candle is against a giant wick right at opposing resistance/support. • Avoid very sideways markets (flat and intertwined EMAs).
9) Invalidating rules • If after entering, the price closes strongly on the other side of EMA50 (on H1/H4) or breaks your key low/high, exit without hesitation. • Maximum 3 consecutive losses in one day: stop and review.
10) Quick checklist (print and stick) 1. Is there a clear trend by EMAs? 2. Is there a pullback to the zone (S/R + EMA50)? 3. Is there a valid and clean candle pattern? 4. Is there confluence (reasonable ATR, RSI not extreme)? 5. Is the entry stop above/below the signal? 6. Is the stop ≥ max(tail/ATR)? Is the risk ≤ 1%? 7. Are TPs and management plan defined? 8. Are there no nearby news? 9. Is the position size calculated? 10. Do you capture and note in the journal?
11) How to validate (backtest + metric) • Make ≥50 historical trades with fixed rules. • Calculate Expectation: E = (W \% \times \text{Average gain in R}) - ((1 - W\%) \times \text{Average loss in R}) • If E > 0 and drawdown is tolerable, you are doing well. If not, adjust only one thing at a time (e.g., pattern or TP).
Central Idea: Trade in favor of the trend after a pullback to a “good” zone and only enter when a Japanese confirmation candle validates it.
1) Setup • Time Frames: H1 or H4 (cleaner learning). Daily if you want less noise. • Minimum Indicators: • EMA 50 and EMA 200 (trend and dynamic “zone”). • ATR(14) (to measure the stop). • (Optional) RSI(14) for confluence, not for hard signals. • Markets: any with good liquidity (majors FX, indices, gold, BTC).
2) Define the Trend • Bullish: EMA50 above EMA200 and price mostly closing above EMA50. • Bearish: EMA50 below EMA200 and price mostly closing below EMA50. If there is no clarity (intertwined EMAs), do not trade.
3) Draw Zones • Mark recent swing supports/resistances. • The EMA50 often acts as a “band” of pullback in a healthy trend.
4) Wait for the Pullback • In bullish: wait for the price to pull back to the zone (S/R + EMA50). • In bearish: the same but towards resistances and EMA50 above.
5) Accepted Candle Patterns (Confirmation)
Use one (maximum two) patterns to avoid over-optimizing: • Engulfing (bullish/bearish) — body that “eats” the previous one. • Hammer / Pin bar (long tail against the pullback trend, close near the extreme) • Morning / Evening Star (3 candles, clear reversal). • Inside bar with a breakout in the direction of the trend.
Practical rule: the body of the signal candle must be clear and decisive; if it is a weak doji, don’t.
Purchases (symmetric for sales): • Entry: buy stop 1–2 pips/ticks above the high of the signal candle (or the minimum size that applies in your market). • Stop-loss: below the low of the signal candle or at ATR(14) × 1.0–1.2, whichever is greater. • Take profit (partial exits): • TP1 = R=1 (same size as the risk). • TP2 = R=2 (or previous high). • TP3 = R=3 or exit in strong zone/structure break.