#CryptoCharts101

📊 Main chart types

1. Line chart (closing price line)

• Only displays closing prices over time.

• Very suitable for identifying long-term trends, but lacks information about intraday price fluctuations  .

2. Bar chart (OHLC chart)

• Each bar represents the open, close, highest, and lowest prices in a specific time period  .

3. Candlestick chart (Japanese candlestick chart)

• The most popular because it provides all 4 price levels with easily recognizable colors for up (green) and down (red).

4. Heikin-Ashi

• A “smoothed” version of the candlestick chart, making it easier to identify long-term trends .

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🧠 Basic indicators & technical analysis

• Volume (trading volume)

Helps confirm trends: high volume breakouts have stronger signals  .

• Trendlines, support/resistance

Helps identify turning points or price continuation .

• Moving Averages, RSI, MACD,…

Indicators to determine momentum, bottoms/tops, buy/sell signals  .

• Chart patterns:

• Head & Shoulders, double tops/bottoms, triangles, flags/pennants, cup & handle… help predict the next trend  .

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🎯 Chart analysis process (Systematic Approach)

1. Choose an appropriate timeframe:

• 1–15 minutes → day-trading

• 1 hour – 1 day → swing trading

• Weekly/monthly → long-term investment   

2. Look at the main trend: is it rising, falling, or sideways?

3. Find support/resistance, combine with volume to confirm fake or real breakouts.

4. Use indicators and chart patterns to make decisions: entry, exit, stop-loss.

5. Manage capital and risk: always set stop-loss, do not go all-in.