#TradingMistakes101 Ever wondered how traders know when to buy or sell crypto? It all starts with understanding charts! These visual tools are like the market's heartbeat, showing price movements over time.

The Basics You Need to Know:

* Candlestick Charts are King: Forget simple lines. Candlestick charts give you rich detail about price action. Each "candlestick" tells a story for a specific timeframe (e.g., 1 hour, 1 day):

* Body: The fat part shows the open and close price.

* Green/Bullish: The price closed higher than it opened. (Bottom of body = Open, Top = Close)

* Red/Bearish: The price closed lower than it opened. (Top of body = Open, Bottom = Close)

* Wicks/Shadows: The thin lines above and below the body show the highest and lowest prices reached during that period.

* X-Axis (Time) & Y-Axis (Price):

* X-Axis (Horizontal): This is your timeline. Moving from left to right means moving forward in time. You can adjust the timeframe (e.g., 1m, 1h, 1d) to see different levels of detail.

* Y-Axis (Vertical): This shows the price of the cryptocurrency.

* Volume Bars: Usually found at the bottom of the chart, these bars indicate the amount of buying and selling activity.

* High volume often means a price move is more significant.

* Low volume might suggest less conviction behind a trend.

Why is this important?

Learning these basics helps you spot trends, potential reversals, and makes your trading decisions data-driven, not emotional. It's the first step to becoming a more confident crypto trader!