#CryptoCharts101 📊 : Deciphering graphs to trade better 🧠

Are you new to crypto trading and find graphs complex? Here is a simplified guide to understand the basics of chart analysis! 👇

đŸ§© What is a crypto chart?

It is a visual representation of the price movement of an asset (like Bitcoin) over a given period. It helps to spot trends, entry and exit points.

📈 Popular types of charts:

‱ Candlestick chart: the most used, it shows the opening price, closing price, highest and lowest over a period.

‱ Line chart: simply displays the closing price curve over time.

‱ Bar chart: similar to the candlestick, with a slightly different format.

🔍 Key elements to observe:

‱ Trend (bullish or bearish)

‱ Supports and resistances

‱ Trading volumes

‱ Technical indicators like RSI, MACD, moving averages


📌 Why is it important?

Reading a chart allows you to:

✅ Make trading decisions based on analysis and not emotion

✅ Better manage risks

✅ Identify buying or selling opportunities

💬 And what about you, what type of chart do you use the most? Share your tips and favorite tools with the community!

🚀 Keep learning, stay curious, and trade smart!