What are Candlestick Patterns in Crypto Trading?

Candlestick patterns are visual representations of price movements in a certain time frame, typically used in technical analysis of financial markets, including crypto trading. They are created using the open, high, low, and close prices of a specific period and can indicate potential future price movements. One popular candlestick pattern is the "bullish engulfing" pattern, formed when a small red candle is followed by a large green candle that completely "engulfs" the red candle. This pattern indicates a potential bullish…