#CryptoCharts101 – When the candle 🕯️ is not just for lighting! 😂💸
If you're planning to dive into the crypto world 🪙, then charts are your compass. It means if you enter the market without understanding Japanese candles, you're entering a costume party without knowing the required outfit! 😅
First, Japanese candles: they are not just for decoration; they are signals! The "hammer" candle 🔨 for example? It tells you "I'm here and a rebound is near!", while the "hanging man"? It gives you a sad look 💔 at the possibility of a market drop. So... if the candle is sad, you should pay attention too! 😬
Second, support and resistance: think of them as the floor and ceiling that the price keeps hitting all the time. Price goes up? It will find resistance. It falls? It hits support. It's like you're playing between two elevators, but the one upstairs is always crowded! 😂
Third, trend lines: draw them and watch them, because the market follows them like a cat follows a laser. Upward? Great. Downward? Be careful. Horizontal? Coffee time ☕.
Volume analysis? The more it increases, the more serious it is. So if you see a big candle with high volume? The market is not joking.
And finally, indicators:
RSI: when the indicator screams "I'm overbought!", it means the price is tired of running 🏃.
MACD: it's like the coach, telling you the real direction, not just the one that looks good!
The bottom line? Train, try, don’t stress. Trading is not luck, it’s skill.
And never trade based on “I have a feeling”! Because the market doesn’t know feelings ♥️... it only knows how to eat you alive if you’re wrong! 😎📉📈