#CryptoCharts101

#CryptoCharts101 — Master the Basics of Reading Crypto Charts 📈📊

Want to trade smarter in crypto? Then you must learn how to read charts. Price action isn’t just random lines — it tells the story of the market. Here's a crash course:

🔹 1. Candlestick 101

Each candle shows:

Open 🔓

Close 🔒

High 🔼

Low 🔽

Green = price went up 🟢

Red = price went down 🔴

Understanding candle patterns helps you spot potential reversals or continuations.

📉 2. Support & Resistance

Support: A price level where buyers step in (think "floor").

Resistance: A price level where sellers dominate (think "ceiling").

Breakouts or bounces around these zones can give you powerful trade setups.

📈 3. Trendlines & Channels

Uptrend: Higher highs & higher lows

Downtrend: Lower highs & lower lows

Drawing trendlines helps visualize where price may head next.

⚙️ 4. Indicators to Know

RSI (Relative Strength Index): Overbought = >70, Oversold = <30

MACD: Shows momentum and possible trend reversals

Volume: Confirms the strength of price movements

Don’t overuse indicators — use them to confirm what the chart is already telling you.

🧠 5. Timeframes Matter

1m to 15m = Scalping

1h to 4h = Swing trades

1D and above = Long-term trends

Always match your analysis to your trading style.

🔥 Pro Tip: Combine chart patterns, indicators, and volume to increase your edge. Don’t trade off a single signal.

📚 Start charting, start learning — and stop guessing. The chart doesn’t lie. Your emotions do.

#CryptoTrading #ChartAnalysis #TechnicalAnalysis #TA #TradingView #CryptoBasics #NewTraders