#CryptoCharts101
Hi! 👋 “#CryptoCharts101” sounds like you're interested in learning how to read and analyze cryptocurrency charts — or maybe you're starting a guide or series about it?
Here’s a quick overview to get started:
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🔍 Crypto Charts 101 – The Basics
1. Types of Charts
Line Chart: Simplest form; shows price over time.
Candlestick Chart: Most commonly used. Displays open, high, low, and close prices for each time interval.
Bar Chart: Similar to candlesticks, but with a different visual style.
2. Understanding a Candlestick
Each candlestick shows:
Open: Where price started in that time frame.
Close: Where price ended.
High: Highest price reached.
Low: Lowest price.
✅ Green Candle (Bullish): Close > Open
❌ Red Candle (Bearish): Close < Open
3. Key Chart Indicators
Volume: How much crypto was traded. High volume = stronger trend.
Moving Averages (MA): Shows average price over time (e.g., 50-day MA).
Relative Strength Index (RSI): Measures momentum. Above 70 = overbought; below 30 = oversold.
MACD: Tracks trend direction and momentum.
4. Patterns to Watch
Bullish Patterns: Ascending triangle, cup & handle, bullish engulfing.
Bearish Patterns: Head & shoulders, descending triangle, bearish engulfing.
5. Time Frames
Short-Term: 1m, 5m, 15m (used by day traders).
Mid-Term: 1h, 4h, daily.
Long-Term: Weekly, monthly (for investors).
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