#CryptoCharts101
📊 #CryptoCharts101
Reading charts is a fundamental skill for any trader, as it helps you time your entries and exits more accurately.
📈 The most popular patterns to watch for:
* Head and Shoulders: Often indicates a trend reversal.
* Triangles: Used to determine breakout or breakdown probabilities.
* Double bottoms and tops: Strong signals of trend reversal.
🔍 How do we determine a trend or reversal?
* An uptrend is characterized by higher highs and higher lows.
* A downtrend is characterized by lower highs and lower lows.
* Watch indicators like RSI and MACD to confirm signals.
💡 Reading the chart helps you avoid late entries or early exits and gives you a clearer view of market movements.
Do you rely on technical analysis in your decisions? Share your thoughts!
