Simple Steps to Reading Crypto Charts Like a Pro
Trading crypto without a plan is like driving with your eyes closed, you might get lucky for a bit, but eventually, you’ll crash.
- Start Big Before You Zoom In
Always begin with the bigger picture, look at the daily or weekly chart first.
This gives you the overall direction, so you’re not fooled by short-term noise.
- Find the “Bounce” and “Ceiling” Levels
Mark support levels (where the price usually bounces up) and resistance levels (where it struggles to go higher).
- Figure Out the Market’s Mood
Is the market climbing, falling, or just stuck in the middle?
Draw a trend line if you can, it’s like checking which way the wind is blowing before you set sail.
- Spot the Hidden Shapes (Optional)
Triangles, flags, head-and-shoulders these patterns can hint at the next big move.
Focus on the ones near the current price.
- Use Only a Couple of Tools (Optional)
Indicators like RSI, MACD, or moving averages can help, but keep it simple, One or two is enough. Any more, and you’re just creating chart spaghetti (😂)
- Read the Story in the Chart
Ask yourself this very important questions:
* Are buyers winning, or are sellers in control?
* Do the indicators agree with the price trend?
* Are we looking bullish or bearish?
- Wait for Your Moment
If the price isn’t where you want it, set an alert and wait, Sometimes the best trade is the one you don’t take, yet.
You’ve done the analysis, now give it time.
When your alert triggers, review your plan and act with confidence.
Hope this helps You.
