#CryptoCharts101 A Breakdown of crypto charts -

What are crypto charts?

They’re visual tools showing the price movements of cryptocurrencies over time. Think of them like the heart monitor for Bitcoin and other coins.

Candlestick charts are king

Most traders use candlestick charts. Each candle shows the open, high, low and close price in a specific time frame like 1 hour or 1 day.

Time frames matter

You can zoom in short-term charts like 5 minutes or zoom out long-term charts like 1 week depending on whether you're trading or investing.

Support and resistance

These are price levels where coins tend to bounce or get stuck. Traders watch these zones closely.

Volume is key

Charts also show how much of a coin is being traded. Big volume usually means strong interest.

Indicators help

Tools like Relative Strength Index or MACD are often added to charts to spot trends or reversals.

Trends tell stories

An uptrend means people are buying; a downtrend, they’re selling. Sideways action? The market’s just chilling.

Emotions show up in charts

FOMO and panic selloffs leave patterns that experienced traders records.