#CryptoCharts101

1️⃣ Types of Charts

Chart Type What It Shows Use Case

Line Chart Closing prices over time Great for long-term trends; lacks detail

Candlestick Chart Open, High, Low, Close (OHLC) per time frame Most popular for traders; rich in info

Bar Chart Same as candles but with lines instead of bodies Less visual — not beginner-friendly

Heikin Ashi Smoothed candles to filter noise Useful for spotting trends, not exact prices

> ✅ Start with candlestick charts on timeframes like 1H, 4H, Daily

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2️⃣ How to Read a Candlestick

Each candle = price movement in a specific time frame (e.g. 1 hour).

Green Candle:

Open ↓

Close ↑

Red Candle:

Open ↑

Close ↓

Anatomy:

🟩 Body = difference between open & close

🔺 Wick (shadow) = high & low during that period

⚠️ Long wick = rejection / volatility