If you're stepping into the world of crypto, charts might look like wild rollercoasters of green and red chaos—but hidden in those squiggly lines is the key to timing your entries and exits. Reading a crypto chart is less about magic, and more about understanding market psychology and patterns.
First, know what you're looking at: most charts on Binance use candlesticks, where each "candle" shows price movement in a specific time frame (1 minute, 15 minutes, 1 hour, etc.). A green candle means the price went up during that period; red means it dropped. The thick part of the candle is called the body, and the thin lines above or below are wicks—these show the highest and lowest prices during the timeframe.
Next, look for trends: is the chart making higher highs and higher lows (bullish)? Or lower highs and lower lows (bearish)? Use this to decide if you're trading with the trend or against it.
Charts also include volume bars—they show how much trading happened. High volume confirms strength in a move, while low volume can signal weakness.
Understanding the basics of chart reading transforms trading from gambling to strategy. Master the chart, and you master the market.
#ChartWhisperer #BullishMomentum $BTC