#CryptoCharts101 Reading charts in crypto = reading the language of the market 🔍
A chart is not just lines or candles; it is a story about fear, greed, and the actions of participants. Understanding the structure of a chart gives the trader an advantage.
🕯️ Key elements:
1️⃣ Candlesticks — each shows the opening price, closing price, high, and low for a certain period.
2️⃣ Support/Resistance levels — zones where the price often stops or reverses.
3️⃣ Trend lines — show the overall direction of movement (upward, downward, or sideways).
4️⃣ Volume — confirms the strength of movement or signals a potential reversal.
5️⃣ Indicators — RSI, MACD, EMA, etc. — help with entry/exit points.
⚠️ Don’t clutter the chart! Minimalism = clarity. And most importantly — learn to see the context, not just patterns.