#CryptoCharts101
📈 #CryptoCharts101 – Reading Charts Like a Professional Trader
Do you want to improve your trading performance? First of all, learn to read the charts. They are the treasure map for every crypto investor. Not understanding a chart is like trying to fly an airplane in the dark.
🕰️ 1. Timeframes: the foundation of reading
1m, 5m, 1h, 1d, 1w...
The shorter the time, the more “noise” and volatility.
• Scalpers prefer 1m-15m
• Swing traders use 4h-1d
• Hold and macro analysis = weekly and monthly
📊 2. Candlestick Charts
Each candle shows open, close, high, and low in a period.
Examples:
Green candle = price went up
Red candle = price went down
Long wicks = price rejection (attention!)
🛠️ 3. Most Used Technical Indicators
RSI (Relative Strength Index): shows if the asset is overbought (>70) or oversold (<30)
MACD: market trend and momentum
Moving Averages (MA/EMA): smooth out the price and show directions
📐 4. Support and Resistance
Support: zone where the price tends to stop falling
Resistance: zone where the price tends to stop rising
→ Traders use these areas to plan buys and sells.
🧠 Practical summary:
Who masters the charts, masters the market.
Studying technical analysis is essential to avoid trading in the dark.