#CryptoCharts101 CryptoCharts101: Learn to Read the Market Like a Pro

1. Candlesticks 101

๐ŸŸข Green = price closed higher

๐Ÿ”ด Red = price closed lower

Wick = high & low during the time period

2. Support & Resistance

๐Ÿ”ฝ Support: where price tends to bounce

๐Ÿ”ผ Resistance: where price tends to reject

Tip: The more times it hits, the stronger it becomes.

3. Trendlines

Uptrend = higher highs and higher lows

Downtrend = lower highs and lower lows

Tip: Donโ€™t force lines that donโ€™t exist.

4. Volume

Rising volume = strong move

Low volume = weak or indecisive market

Look for volume spikes on breakouts.

5. Indicators

RSI: Overbought >70, Oversold

MACD: Trend confirmation & momentum shifts

Moving Averages: Identify trend direction (50MA, 200MA)

6. Chart Patterns

โš ๏ธ Head & Shoulders = possible reversal

๐Ÿ”ผ Triangle = breakout setup

๐Ÿ“‰ Double Top/Bottom = strong reversal signal

7. Timeframes Matter

1D = good for trend

1H or 15min = for entries

Zoom out before zooming in.

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