#CryptoCharts101 #CryptoCharts101
Mastering crypto charts is a must for smart trading decisions. Here’s a simple guide to understanding them and using them effectively:
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📈 1. What is a Crypto Chart?
A crypto chart displays the price movements of cryptocurrencies over time.
Most common type: Candlestick chart, showing open, high, low, and close (OHLC) prices.
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🕯️ 2. Candlestick Basics
Each candlestick shows a time period (e.g., 1 minute, 1 hour, 1 day):
🟢 Green Candle: Price closed higher than it opened (bullish).
🔴 Red Candle