📊 #CryptoCharts101: Learn to Read the Market Like a Pro
1. Candlesticks 101
🟢 Green = price closed higher
🔴 Red = price closed lower
Wick = high & low during the time period
2. Support & Resistance
🔽 Support: where price tends to bounce
🔼 Resistance: where price tends to reject
Tip: The more times it hits, the stronger it becomes.
3. Trendlines
Uptrend = higher highs and higher lows
Downtrend = lower highs and lower lows
Tip: Don’t force lines that don’t exist.
4. Volume
Rising volume = strong move
Low volume = weak or indecisive market
Look for volume spikes on breakouts.
5. Indicators
RSI: Overbought >70, Oversold <30
MACD: Trend confirmation & momentum shifts
Moving Averages: Identify trend direction (50MA, 200MA)
6. Chart Patterns
⚠️ Head & Shoulders = possible reversal
🔼 Triangle = breakout setup
📉 Double Top/Bottom = strong reversal signal
7. Timeframes Matter
1D = good for trend
1H or 15min = for entries
Zoom out before zooming in.
---
Want this turned into a:
Carousel post?
Twitter/X thread?
IG reel script?
Beginner’s PDF guide?
Or would you like a part 2 — like #CryptoCharts201 for advanced stuff (Fibonacci, Ichimoku, divergence, etc.)?