#CryptoCharts101
📊 Master the Crypto Charts 📊
If you want to improve your trading, reading charts correctly is key. Here are the essential concepts to interpret market movements like a professional.
🔹 Types of charts
Line: Shows the general price trend.
Bars: Indicate opening, closing, highs, and lows over a period.
Candlesticks: The traders' favorite option, revealing buying and selling patterns.
🔹 Essential indicators
RSI (Relative Strength Index): Measures whether an asset is overbought or oversold.
MACD (Moving Average Convergence/Divergence): Helps detect trend changes.
Bollinger Bands: Indicate volatility and possible entry or exit points.
🔹 Key patterns
Hammer: Signal of a possible bullish reversal.
Double top/bottom: Indicates trend changes.
Triangles: Suggest consolidation before a big move.
📈 What is your favorite indicator? 📈