#CryptoCharts101 Here’s a beginner-friendly guide to #Cryptocharts101 with insights tailored for people in Ward 100 (Garia area, Kolkata)—whether you're a local trader, student, or enthusiast looking to understand how to read and use crypto charts effectively.

📊 What Are Crypto Charts?

Crypto charts are visual representations of price movements over time. They help traders analyze market trends, make informed decisions, and time entries/exits.

🔍 Most Common Crypto Chart Types

TypeDescriptionUse CaseLine ChartSimple line tracking price over timeBeginners, trend spottingCandlestick ChartShows open, high, low, close (OHLC) in time framePro traders, entry/exitBar ChartSimilar to candlestick, used less oftenHistorical price review

🕯️ Candlestick Breakdown (Most Used Chart)

Each candle shows:

Open – Where price started in the period

Close – Where it ended

High/Low – Max and min prices during the time

Colors:

🟩 Green = Price went up (bullish candle)

🟥 Red = Price went down (bearish candle)

🔧 Basic Indicators You Should Know

IndicatorPurposeTip for Garia TradersMoving Average (MA)Smooths price movementUse 50/200-day MAs to find trendsRSI (Relative Strength Index)Measures overbought/sold levels<30 = buy zone, >70 = sell zoneMACD (Moving Average Convergence Divergence)Trend confirmationGood for swing tradesVolumeMeasures trading activityBig volume = strong move

📍 How to Use This in Ward 100

Even if you're a local trader with a small capital (₹1K–₹10K), you can:

Track BTC/USDT/ETH charts using free tools like:

TradingView

CoinMarketCap’s Crypto Charts

Binance or WazirX mobile apps

Watch Local Movement:

Many traders in Facebook groups (e.g., “USDT Buy Sell Garia/Kolkata”) follow 15-minute or 1-hour candlestick charts to make real-time deals.

Set Alerts on Key Levels:

Example: BTC resistance at ₹90L – if it breaks bove, you might want to buy quickly via P2P.

💡 Example: Reading a BTC Chart in Ward 100

Say you're on a WazirX chart and BTC is:

Above 50-day MA ➜ Trend is upward