To succeed in trading in the crypto world, first learn how to read a Candlestick Chart.

1. Bullish Candlestick Chart Patterns
1. Hammer Chart
The hammer candlestick appears at the bottom of a downtrend, with a long lower shadow that is at least twice the length of the body. It indicates that despite significant selling pressure, buyers have pushed the price back up towards the opening level. A green hammer is considered to be more bullish than a red one.
2. Inverted Hammer
The Inverted Hammer pattern is similar to the Hammer pattern, but the long shadow is located above the body of the candlestick. It usually appears at the bottom of a downtrend, indicating potential upward momentum. Even if sellers pull it down to the opening level, the price does not continue to fall, signaling that the market may turn bullish.
3. Three White Soldiers
The Three White Soldiers pattern consists of three consecutive green candlesticks, where the opening price is within the body range of the previous candlestick, and the closing price exceeds the highest point of the previous candlestick. The lower shadow is relatively short, indicating sustained buying pressure.
4. Bullish Engulfing Pattern
The bullish engulfing pattern consists of a longer red candlestick followed by a shorter green candlestick, with the green candlestick completely within the body of the red candlestick, indicating that the bearish trend is slowing down or about to end.
2. Bearish Candlestick Chart Patterns
1. Hanging Man
The Hanging Man is similar to the Hammer, but it appears at the end of an uptrend, indicating that although buyers are pushing prices higher, significant selling suggests that the market may soon turn bearish.
2. Meteor Line
A shooting star is a candlestick with a long upper shadow and a short body that is close to the bottom. It usually occurs at the end of an uptrend, indicating that after reaching a high point, sellers dominate and push prices down.
3. Three Ravens
The Three Black Crows consists of three consecutive red Candlesticks, where the opening price is within the body range of the previous Candlestick, and the closing price is below the lowest point of the previous Candlestick, indicating that selling pressure continues to push the price down.
4. Bearish Engulfing
The bearish harami consists of a longer green candlestick followed by a shorter red candlestick, with the red candlestick completely contained within the body of the green candlestick, indicating that buying pressure is weakening.
5. Dark Cloud Cover
The dark cloud cover consists of a green candlestick followed by a red candlestick, where the opening price of the red candlestick is higher than the closing price of the previous green candlestick, but the closing price is lower than the midpoint of the green candlestick, usually accompanied by high trading volume, indicating a trend reversal from bullish to bearish #BTC #ETH .