#CryptoCharts101
Candlesticks
- Green Candle: Price rose (Close > Open).
- Red Candle: Price fell (Close < Open).
- Long wicks mean rejection (price tried but failed to hold).
- Key Patterns: Hammer (bullish), Shooting Star (bearish), Engulfing (strong reversal).
Support & Resistance
- Support: Where buyers step in (price floor).
- Resistance: Where sellers step in (price ceiling).
- Breakout above resistance = bullish. Breakdown below support = bearish.
Trends & Indicators
- Uptrend: Higher highs & higher lows.
- Downtrend: Lower highs & lower lows.
- Moving Averages (MA):
- Price above 50/200 MA = bullish.
- Price below = bearish.
- RSI: Over 70 = overbought, under 30 = oversold.
Volume
- High volume + price move = strong trend.
- Low volume + price move = weak (could reverse).
Key Rules
1. Trade with the trend (higher timeframe first).
2. Always use stop-losses.
3. TA + fundamentals = better decisions.
4. Don’t predict—wait for confirmation.
Short & simple. Now go practice!🚀