#CryptoCharts101

*What are Crypto Charts?*

Crypto charts display price movements and trading activity over time, helping traders analyze market trends and make informed decisions.

*Key Components:*

1. *Price Axis:* Shows price levels.

2. *Time Axis:* Displays time intervals.

3. *Candlesticks:* Represent price action (open, high, low, close).

*Common Chart Patterns:*

1. *Trends:* Upward, downward, or sideways price movements.

2. *Support and Resistance:* Price levels where buying or selling pressure is strong.

3. *Triangles and Wedges:* Patterns indicating potential breakouts.

*Let's look at a coin pair:*

*BTC/USDT (Bitcoin/Tether)*

This pair shows the price of Bitcoin in terms of USDT (a stablecoin pegged to the US dollar)