I just compiled a guide on candlestick patterns that has helped me better understand market movements. I think it's worth sharing, especially for those just starting in crypto.

Let's start with bullish patterns. The piercing line is quite straightforward: a long red candle followed by a long green candle, with a significant gap down that then closes. What's interesting is that it shows how buying pressure can reverse sentiment. The morning star is a three-candle pattern suggesting a bullish reversal in a downtrend, with a small candle in the middle indicating indecision. And the three white soldiers are impossible to miss: three consecutive green candles with progressively higher closes indicating genuine bullish momentum.

Now, bearish candles are equally important to recognize. The hanging man has a pronounced lower shadow indicating liquidation during the session, typically at the end of an uptrend. The shooting star is its counterpart: a small body at the bottom, long upper shadow showing price rejection. Bearish candles like the bearish engulfing appear when a larger red candle engulfs a small green one, especially significant if it closes lower.

The three black crows are brutal bearish patterns: three consecutive long red candles closing progressively lower, indicating sellers are taking control. The dark cloud cover is another bearish reversal pattern that opens above but closes below the midpoint. The evening star completes the picture: three candles where a small candle sits between a long green and a long red, reversing the upward move.

There are also continuation patterns worth noting. The Doji reflects indecision with open and close prices nearly identical. The spinning top has a small body centered between equal shadows, typically showing consolidation. Falling methods are bearish continuation patterns: a long red candle, three small green candles contained within, another red candle. Rising methods are the opposite: three short red candles within the range of two long greens, showing buyers maintaining control.

Honestly, these patterns have been fundamental in improving my market reading. I hope this helps others better identify opportunities and risks. ♥️🫠