#CryptoCharts101
* Candlesticks: Each candle shows Open, High, Low, Close (OHLC) for a timeframe. Green signifies price increase (close > open), red for decrease (close < open).
* Timeframes: Charts display various timeframes (e.g., 1-minute, 1-hour, 1-day) impacting pattern significance.
* Volume: Bars below price show trading activity. High volume confirms price moves, low volume suggests indecision.
* Support & Resistance: Price levels where buying/selling pressure is strong, acting as floors or ceilings.
* Trendlines: Lines connecting highs (downtrend) or lows (uptrend) to identify direction.
* Chart Patterns: Recurring formations like triangles, flags, head and shoulders, indicating potential reversals or continuations.
* Indicators: Tools like RSI (Relative Strength Index) and Moving Averages help gauge momentum and trends.
* Technical Analysis: Using these elements to predict future price movements based on historical data.
* Risk Management: Charts help identify entry/exit points and manage risk.
* Practice: Consistent observation and analysis are key to mastering crypto charts.