#CryptoCharts101

📅 Day 50 of 100 – Crypto Charts 101: How to Read Like a Pro 📊

Welcome to the halfway point! Today, we dive into Crypto Charts 101 — the heart of trading decisions. If you’ve ever opened Binance and felt lost looking at those green and red candles, this one’s for you.

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🔍 What is a Crypto Chart?

A crypto chart shows price movements over time. Traders use it to analyze trends, predict moves, and plan entries/exits.

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🕯️ Candlestick Basics:

Each candle represents four data points:

Open: Price at the beginning of the time frame

Close: Price at the end of the time frame

High: Highest price during the time frame

Low: Lowest price during the time frame

🟩 Green candle = Price went up

🟥 Red candle = Price went down

⏳ Timeframes: 1m, 5m, 1h, 1D, 1W — You choose how far back you want to look.

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📈 Key Chart Types:

1. Candlestick Chart – Most popular for price action.

2. Line Chart – Clean and good for beginners.

3. Depth Chart – Shows buy/sell wall (used for spotting supply/demand).

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📊 Popular Indicators to Watch:

Moving Averages (MA): Shows trend direction.

RSI (Relative Strength Index): Identifies overbought/oversold conditions.

MACD: Detects momentum shifts.

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💡 Pro Tip:

Always combine charts with volume data to confirm trend strength.

Never rely on just one indicator. Use 2–3 for confirmation.

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📌 Action Step:

Open any chart on Binance, set it to 1D candles, and practice reading open, close, high, and low for each candle.

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Next up: Day 51 – Support & Resistance Levels: Spot Entry Zones Like a Pro 🔍