Your Guide to Reading the Market’s Pulse
Every crypto price move you see—those green and red bars, twisted lines, and colorful indicators—tells a story. Learning to “read” that story is like learning to read weather patterns: it doesn’t guarantee perfect forecasts, but it gives you a huge edge. Welcome to#CryptoCharts101
1. 🕒 Candlesticks: The Building Blocks
Most crypto charts use candlestick bars. Each candle shows:
Open: price when the period started
Close: price when it ended
High & Low: extremes within that period
Body color:
Green (or white) if price closed higher than it opened
Red (or black) if it closed lower.
2. ⏱️ Timeframes: Zoom In, Zoom Out
1-minute to 15-minute charts: for scalpers making lightning-fast trades.
Hourly to 4-hour charts: favorites of day traders capturing short swings.
Daily and weekly charts: long-term perspectives for investors spotting big trends.
3. 🔄 Support & Resistance: Your Invisible Walls
Support: a price zone where buyers step in and push price higher.
Resistance: where sellers swarm and drive price lower.