#CryptoCharts101

📈 Mastering the Art of Chart Reading: A Trader’s Edge

Spotting patterns and trends isn’t just technical—it’s strategic. Here's how I approach it:

🔍 Patterns I Watch For:

Head & Shoulders for spotting potential reversals.

Double tops/bottoms as strong reversal signals.

Triangles (ascending/descending) for possible breakout setups.

Flags & Pennants for continuation patterns after a sharp move.

📊 Identifying Trends, Reversals & Breakouts:

Trends: I look at higher highs/lows and use moving averages (like the 50 EMA) as dynamic support/resistance.

Reversals: I watch for divergence between price and RSI or MACD + key candlestick formations (like engulfing candles).

Breakouts: I rely on volume confirmation—breakouts without volume are often fakeouts.

🚀 How Chart Reading Helps Me:

Reading charts helps me avoid emotional entries. For example, I wait for a confirmed breakout with retest before entering long. This helped me avoid several bull traps during fake rallies.