#CryptoCharts101 📊 #CryptoCharts101: Don’t Just Stare at the Candles — Read Them!
Charts aren’t just pretty lines — they tell a story. Here’s how to start reading them like a pro 👇
---
1️⃣ Candlestick Basics 🕯️
Each candle = price action over a set time (e.g., 1hr, 1D)
🟢 Green Candle = Price went up
🔴 Red Candle = Price went down
📈 Body = open/close price, Wick = highs/lows
---
2️⃣ Key Patterns to Know 🧠
🔺 Bullish Engulfing = Trend reversal to upside
🔻 Bearish Engulfing = Trend reversal to downside
⏳ Doji = Market indecision
📉 Head & Shoulders = Reversal warning
---
3️⃣ Support & Resistance 📉📈
🟦 Support = Price floor (buyers step in)
🟥 Resistance = Price ceiling (sellers push back)
✅ Use these to plan better entries & exits
---
4️⃣ Indicators for Starters 🔍
🧮 Moving Averages (MA) — Spot trends
💡 RSI — Identify overbought/oversold zones
📊 MACD — Watch for trend shifts
(But don’t rely on indicators alone!)
---
5️⃣ Pro Tip 💡
⏳ Zoom out! 1D or 1W charts often give clearer signals than 5-minute noise.
---
💬 What’s your favorite chart indicator or setup?
Comment below 📉 or tag a friend who needs to level up their chart game!