#CryptoCharts101 Crypto Charts 101 📊🚀
Decode the charts. Trade like a pro.
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🧠 The Basics: What Are Crypto Charts?
Crypto charts show how prices move over time—helping you spot patterns, trends, and entry/exit signals. There are many chart types, but here’s what matters most:
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🕹️ Chart Types
1. Line Chart
Simple line connecting closing prices.
Good for quick overviews.
2. Candlestick Chart 🔥
Most used in crypto.
Each “candle” shows open, high, low, close (OHLC) for a period.
Green = price up. Red = price down.
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🔍 Reading a Candlestick
Each candle shows:
Body = price range from open to close
Wick (Shadow) = highs and lows
Long wick = possible reversal
Small body = indecision
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📈 Trend Analysis
Uptrend = higher highs + higher lows
Downtrend = lower highs + lower lows
Sideways = consolidation (range-bound)
Use trendlines to visualize them.
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🔧 Indicators 101
1. Moving Averages (MA)
Smooth out price action
200 MA = long-term trend
50 MA = medium-term
Look for crossovers (e.g. golden/death cross)
2. RSI (Relative Strength Index)
Measures momentum
Above 70 = overbought
Below 30 = oversold
3. MACD (Moving Average Convergence Divergence)
Tracks momentum and trend shifts
Bullish/bearish crossovers are key
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🧱 Support & Resistance
Support = price floor
Resistance = price ceiling
Breakouts = when price breaks through these levels
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⚠️ Chart Patterns to Know
Bullish: Cup & Handle, Ascending Triangle, Double Bottom
Bearish: Head & Shoulders, Descending Triangle, Double Top
Neutral: Symmetrical Triangle
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💡 Pro Tips
Always zoom out: look at multiple timeframes.
Combine indicators for confirmation.
Use charts with fundamentals, not instead of them.
Don’t trade just because a chart "looks good." Wait for confirmation.