#CryptoCharts101 #CryptoCharts101
Understanding chart patterns is a key skill for every crypto trader. Candlestick patterns reveal market psychology — whether buyers or sellers are in control. A bullish engulfing candle can signal a reversal, while a doji often hints at indecision. Support and resistance levels help you spot entries and exits. Breakouts above resistance might show strong momentum, but always watch for fakeouts. Patterns like head and shoulders, triangles, and double bottoms can give early clues before big moves. Don't rely on one signal — combine with volume and trends. Mastering charts takes time, but it gives you an edge in volatile markets.