#CryptoCharts101

Reading cryptocurrency charts is a fundamental skill for any trader or investor, as it transforms price data into visual forms that help understand market trends and pressures. Charts begin with the time axis (X) and price (Y), and include boxes for open, high, low, and close prices—commonly known as candlestick charts or OHLC. Each candlestick represents a specific time period, and its color and body size indicate the dominance of buying or selling. Additionally, traders rely on patterns such as bullish/bearish consensus and support and resistance lines to identify entry and exit points. Finally, indicators such as moving averages and RSI are used to confirm market trends and increase confidence in decisions.

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