#CryptoCharts101 #CryptoCharts 101
Understanding crypto charts is essential for anyone serious about trading. The most common type is the candlestick chart, which shows price movement over a selected time frame. Each candle represents the opening, closing, high, and low prices. Green candles indicate bullish movement, while red candles show bearish trends. Key concepts include support and resistance levels, which signal where price might bounce or reverse. Indicators like RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) help gauge momentum and trend strength. Always zoom out to check longer timeframes before making decisions. Remember, charts reflect probabilities, not certainties—use them with proper risk management.