Candlestick charts are the number one way to read the price history of any financial asset. I like them because they allow me to easily visualise all the price history and also the most recent price action.

This handy *Candestick Cheat Sheet* explains the candlestick basics and the most common candlestick patterns.

<center>http://cdn.infographicsarchive.com/wp-content/uploads/2016/06/Candlestick-Cheat-Sheet_web-01.jpg
*[Source - Open full screen](http://cdn.infographicsarchive.com/wp-content/uploads/2016/06/Candlestick-Cheat-Sheet_web-01.jpg)*</center>

A bullish candlestick pattern means that you should expect the market to go up and a bearish candlestick pattern means that you should expect the market to go down.

<center>https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://steemitimages.com/DQmbNxNgXLda5QXpWfDZxP2d3XR498RxCgucZVMnrBVcw7g/image.png</center>

Let's have a look at the current Steem daily chart to see if we can find some of these patterns. The charts below are from [Tradingview.com](https://www.tradingview.com/chart/?symbol=POLONIEX%3ASTEEMBTC).

## Steem Daily Chart
![](https://steemitimages.com/DQmQ5qANCDYvBdNLEJmuvv16Sy6kfiB2nupAzV5188Bcxm1/image.png)
[Open full screen](https://steemitimages.com/0x0/https://steemitimages.com/DQmQ5qANCDYvBdNLEJmuvv16Sy6kfiB2nupAzV5188Bcxm1/image.png)

## Steem 4 Hour Chart
Let's zoom in to a 4 hour chart to have a closer look at the current price action.

![](https://steemitimages.com/DQmYLez84VfpUCfCYGqA1JrexDLRmc3v64D11iX5ALyqt6G/image.png)
[Open full screen](https://steemitimages.com/DQmYLez84VfpUCfCYGqA1JrexDLRmc3v64D11iX5ALyqt6G/image.png)

I hope this was useful. Please drop a comment below if you have any questions.


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