#CryptoCharts101
Looking at a crypto chart for the first time can seem confusing
📉 Lines going up and down
📊 Colors, candles, abbreviations…
But don't worry! Here are the essentials to start understanding charts 👇
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🕯️ 1. What are candles?
Each “candle” represents the price behavior over a period (1min, 1h, 1D, etc).
🟩 Green = price went up
🟥 Red = price went down
Each candle shows:
Opening price
Closing price
High and low
⏱️ 2. What does the time on the chart mean?
The timeframe changes your perspective:
1M (1 minute) = very short, ideal for scalping
1H (1 hour) = good for day trading
1D (1 day) = more stable, good for swing or macro analysis
🔹 Tip: Use various timeframes to understand the context
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📈 3. Support and resistance
Support: where the price usually stops falling
Resistance: where it usually stops rising
Identifying this helps plan entries and exits more securely
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🔄 4. Trend
➡️ Uptrend: higher highs and higher lows
⬇️ Downtrend: lower highs and lower lows
⚠️ Trading against the trend increases risk — go with the flow!
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🧠 5. Useful indicators for beginners
Moving Average (MA): smooths the price to show the trend
RSI: shows if the asset is overbought or oversold
MACD: helps identify reversals
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📌 Conclusion:
You don’t need to be a professional analyst
But knowing how to read the basics of a chart already puts you ahead of many who operate in the dark
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