#BTCÐ Launchpool收益超3%# As a professional Crypto Assets trader, mastering the basic knowledge of Candlestick Chart is crucial. Candlesticks are not just a visual representation of price movements, but also a direct reflection of market psychology. The market environment determines the effectiveness of Candlesticks, while the validation of support level and resistance level needs to be achieved through Candlesticks.

Let us delve into 11 classic Candlestick patterns, each revealing different market movements:

1. Double Bottom Pattern: The price rebounds after touching similar low points twice, forming a bullish pattern resembling the letter W.

2. Descending Flag: A brief consolidation appears during a downtrend, followed by a continuation of the decline, forming a bearish pattern resembling a flag.

3. Ascending Triangle: The price oscillates between a horizontal resistance level and an ascending support, eventually breaking upward, indicating a bullish trend.

4. Head and Shoulders: Forms a three-peak structure of left shoulder, head, and right shoulder, usually indicating an impending bearish reversal.

5. Ascending Flag: A brief consolidation in an uptrend, followed by a continuation upward, presenting a bullish pattern resembling a flag.

6. Descending Triangle: The price fluctuates between a horizontal support and a descending resistance level, ultimately breaking downwards, indicating a bearish trend.

7. Multiple bottoms: After the price touches similar low points multiple times and breaks through, it forms a strong bullish reversal signal.

8. Ascending Wedge: Price moves within a converging ascending channel, often indicating an impending downward reversal.

9. Rectangle Consolidation: Prices fluctuate sideways between parallel support and resistance lines, which may indicate the continuation or reversal of a trend.

10. Arc Bottom: After the price forms a circular bottom and undergoes a brief consolidation, resembling a cup and handle shape, it is regarded as a bullish signal.

11. Expanding Triangle: The price fluctuation range gradually widens, forming a diverging triangle, indicating a reversal or continuation of high volatility.

Understanding these Candlestick patterns can help traders better interpret market trends, but it is important to combine them with other technical analysis tools and fundamental factors to make a comprehensive judgment. Remember, there is no 100% accurate prediction, and risk management is always the key to trading success.