#CryptoCharts101 #CryptoCharts101 – A beginner-friendly guide to reading and understanding crypto charts like a pro 🧠📊

🪙 1. What Are Crypto Charts?

Visual representations of a coin’s price movements over time.

Help traders analyze trends, patterns, and predict future moves.

🧱 2. Candlestick Basics

Each candlestick shows 4 key data points for a given time period:

Open – Price when the candle starts

Close – Price when the candle ends

High – Highest price during the time

Low – Lowest price during the time

🟩 Green Candle = Price went up

🟥 Red Candle = Price went down

📈 3. Types of Trends

Uptrend: Higher highs and higher lows → Bullish 📈

Downtrend: Lower highs and lower lows → Bearish 📉

Sideways: Flat movement → Consolidation 😐

📊 4. Key Chart Patterns

Bullish Patterns:

Cup & Handle ☕

Inverse Head & Shoulders 🤕➡😄

Ascending Triangle 🔺

Bearish Patterns:

Head & Shoulders 😄➡🤕

Descending Triangle 🔻

Double Top ⛰️⛰️

🔍 5. Support & Resistance

Support: A price level where the coin usually stops falling.

Resistance: A level where price struggles to go above.

💡Tip: Watch how price reacts at these levels for potential breakouts or bounces.

🧠 6. Indicators to Know

RSI (Relative Strength Index):

Above 70 = Overbought

Below 30 = Oversold

MACD (Moving Average Convergence Divergence):

Helps spot trend changes and momentum.

Moving Averages (MA/EMA):

Smooths out price data to identify trend direction.

⚠️ 7. Volume Matters

High volume = Strong move confirmation

Low volume = Potential fakeout

📓 Final Tip:

Always use multiple signals together. No single pattern or indicator is 100% accurate. Combine analysis, risk management, and patience.

Want a visual infographic or cheat sheet of these tips? Just say the word!