#CryptoCharts101

📊 #CryptoCharts101: Master the Charts and Improve Your Trading 📊

Do you want to understand the crypto market better? Charts are your best tool! Here’s the basics you should know:

🔹 Japanese Candles: Each candle shows opening price, closing price, high, and low. Learn patterns like Doji (indecision) or *Hammer* (possible reversal).

🔹 Support and Resistance: Identify key areas where the price often bounces (support) or stalls (resistance). They are essential for making decisions!

🔹 Key Indicators:

- RSI (Relative Strength Index): Detects overbought (>70) or oversold (<30).

- MACD: Crosses of lines signal bullish or bearish trends.

- Moving Average (MA): Helps filter the market's "noise."

🔹 Timeframes: Choose according to your style:

- Short term (5m-1h): For day traders.

- Long term (4h-1D): For swing traders or investors.

💡 Tip: Combine technical analysis with market news (#Bitcoin halving, regulations, etc.). Practice makes perfect!

What indicator has given you the best results? Comment below! 👇

#Crypto #Trading #Bitcoin #Blockchain #TechnicalAnalysis