#CryptoCharts101 Welcome to #CryptoCharts101 — your beginner-friendly guide to understanding and using crypto charts like a pro trader. Whether you're just starting out or trying to level up your analysis, this crash course will show you how to read, interpret, and act on chart data effectively.
📊 #CryptoCharts101 — What You Must Know
1. Types of Crypto Charts
Chart TypeDescriptionBest ForCandlestick ChartShows open, high, low, close (OHLC) in a single candleMost used by tradersLine ChartConnects closing prices over timeSimplicity, long-term trendsBar ChartLike candles but with thinner OHLC barsLess popularDepth ChartShows live buy/sell ordersOrder book sentiment
🧠 Pro Tip: Stick to Candlestick Charts if you’re serious about trading.
2. Basic Chart Anatomy
Timeframe (1m, 1h, 4h, 1D) — shorter = more noise, longer = clearer trend.
Volume — shows strength behind price moves. High volume = strong conviction.
Price Axis (Y) — vertical axis showing price.
Time Axis (X) — horizontal axis showing date/time.
3. Key Tools You Should Learn First
ToolPurposeTrendlinesShow up/down trends visuallySupport & ResistanceIdentify where price tends to bounce or get rejectedMoving Averages (SMA/EMA)Smooth out price action, spot trendsRSI (Relative Strength Index)Measure overbought/oversold levels (70/30)MACDMomentum indicator, signals potential reversals
4. **Chart Patterns to Recogn