Hi, very nice analysis, I can't wait to see the rest on Binance 🤞
Islam_Ambassada
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MASTERING THE CRYPTO CHART:SECTION 1
I want to educate both new and experienced traders on how to read crypto charts. In this first session, we will focus on identifying trends and understanding supply and demand.
This session will continue until both beginners and pro traders gain additional knowledge and develop a solid understanding of chart analysis.
Bitcoin will be our primary example throughout this section, so make sure to follow along carefully to maximize your benefits.
I will start with market trend What Are Market Trends? A trend is a general tendency towards a particular value. Market trends are the tendency of prices to shift in a certain direction. These trends can be evaluated in order to predict future market behavior and develop trading strategies. There are 3 types of market trend
Every market is either moving on uptrend, Down trend or side way trend So that I don’t waste enough time I will start with what to do when you first open your chart👍✍️ The trend and everything will be explained along as we proceed so that you understand it better
Key 🔑 steps when you first open your crypto chart 📊 1.IDENTIFY THE OVERALL TREND
Here is my bitcoin chart 📈 as I opened my chart 😁 What do I do next ? a. Check your time frame 🖼️ usually start from monthly time frame or at least weekly ⬇️
So here ⬆️ you can see I have pointed my direction on weekly .
b. Zoom in your screen 📺
So here you can see it is still on weekly but I zoomed in ⬆️✍️ So mmm 🤔 why did I zoom in ? Answer: Zoom in so that you can see the overall trend or direction of the market.
Wow 😮 the trend is now making sense ? 🤔ohh so the first thing I must do I to zoom in to see the general direction 😅 amazing 🤩
I have used blue arrow to direct the growing market and smaller red arrows to show you the date 📅 from 2018 to 2025 You could see that bitcoin is just growing 👍 going up gradually
What next ? You must know which kind of trend appear on your screen in other to proceed To know which kind of trend you must identify the Highs and lows
I have used the blue arrows to identify the highs and the red arrows to identify the lows Also I sketched it in green to give you the general view
To make it simple and easy for you what do you think I am doing here 😅⬆️? Climbing up right,yes that is exactly what the market is doing going high so in trading we call it ***Up trend***
Meaning bitcoin is going up and there is hope for it to go more up ⬆️ until it get to it destination
Yes exactly this is how traders see an uptrend market there is hope to see it move more up gradually So if you open your chart and you see an uptrend market it simple tell you that there is high possibility that market will go more up ⬆️ Mind you it is just a general view there is also possibility that it has gotten to it destination just like me 😅 if I get to my destination I will do whatever sent me there then I will descend from the stairs back home 😅⬇️
Exactly 👍 so here you see uptrend,side way trend and down trend This is how the market behaves..I will explain sideways trend and downward in my next article but for now let focus on uptrend 🤗 so that you don’t get confused 🤔 So what to do next after knowing the trend ? Use the horizontal line to identify your highs and lows
Like this ⬇️⬇️⬇️
Now it is time to identify demand and supply 😅 before that what is demand and supply
All levels ⬆️⬆️⬆️ dentified with blue arrows are supply zones and all zones identified with red arrows are demand zones 🤔😅 looks simple right ?
Simply demand are zones where market goes up ⬆️⬆️ Example
I have pointed it here ⬆️ do you see market going up from the LOW👀 yes 🙌 it is your demand zone
I hope I have taught you something new 😊 this is going to be in section ✍️ in the next section I will discuss support and resistance and how to identify them as we continue I know you will all become better trades before i complete this course I’m working on reaching 10,000 followers to unlock Binance’s Live feature, where I’ll host free live sessions on technical analysis, market insights, and trading strategies for beginners. Once eligible, I’ll go live daily, breaking down charts, sharing tips, and answering questions in real time to help you navigate crypto markets confidently. Support me by: ✅ Following my profile ✅ Liking & commenting to boost visibility of this post ✅ Sharing with friends who want to learn! #BinanceAlphaAlert #GeopoliticalImpactOnBTC #BNBChainMeme
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