#CryptoCharts101 Reading cryptocurrency trading charts is very important for those who want to engage in cryptocurrency trading or investing. After all, these charts provide a visual representation of market data, allowing traders to make informed trading decisions.
By analyzing price movements and patterns, traders can see market trends directly on the charts — bullish or bearish — and make predictions about future price directions. This helps determine the best time to buy or sell assets, as well as where to set various orders to protect trades, such as stop-loss or take-profit orders...
However, it is not as simple as reading a map during a trading session — reading cryptocurrency charts is part of (a rather complex) school of crypto technical analysis, which requires a lot of practice and skill.