#CryptoCharts101 Here’s your quick, powerful guide to #CryptoCharts101 – a beginner-friendly intro to reading and using crypto charts for better trading and investing decisions:
📈 1. What Is a Crypto Chart?
A crypto chart shows the price of a cryptocurrency over time. It helps you analyze trends, spot potential buying/selling points, and make decisions based on data—not emotions.
🕰️ 2. Candlestick Charts (Most Common Type)
Each candlestick shows price action in a specific time frame (e.g., 1 hour, 1 day).
Green Candle (Bullish): Close price is higher than open.
Red Candle (Bearish): Close price is lower than open.
Wicks (Shadows): Show highs/lows during that time.
🟩 Long wick on top = selling pressure
🟥 Long wick on bottom = buying pressure
⏱