#CryptoCharts101 📊 Crypto Charts 101 – Read the Market Like a Pro
Understanding charts is key to smart crypto trading. Here’s a quick guide:
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🕰️ 1. Candlestick Basics
Each candle shows:
• Open, Close = Price at start/end of a period
• Wicks = Highest & lowest prices
• Green = Up, Red = Down
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📈 2. Trendlines & Patterns
• Uptrend = Higher highs/lows
• Downtrend = Lower highs/lows
• Common patterns: Triangles, Head & Shoulders, Double Tops
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📊 3. Indicators to Know
• RSI (Relative Strength Index): Overbought or oversold signal
• MACD: Trend strength and direction
• Volume: Confirms the strength of a move
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🛠️ Tools to Use
• TradingView: Clean interface, strong community
• CoinMarketCap Charts: Quick snapshots with indicators
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📌 Pro Tip: Combine patterns + indicators + volume = stronger setups.
Want a cheat sheet for pattern recognition? Let me know!