#CryptoCharts101 Do you see a chart and it looks like hieroglyphics? Don't worry, you're not alone. Here are some basics to help you not get dizzy:
1. Candlesticks: Each candle tells a price story. Green = up. Red = down.
2. Supports and resistances: Areas where the price bounces or halts. They are like invisible walls.
3. Trend: If it’s going up, don’t go against it. If it’s going down, don’t try to be a hero.
4. Volume: Shows strength. Without volume, the movement is weak.
5. Indicators: RSI, MACD, EMAs… they help, but they don’t do magic.
Reading charts is not guessing; it’s interpreting the language of the market.
Learning this doesn’t make you an expert trader, but it prevents you from going in blind.
Do any of these sound familiar, or do you want me to explain them in more detail?