#CryptoCharts101 CryptoCharts101: Learn to Read the Market Like a Pro
1. Candlesticks 101
๐ข Green = price closed higher
๐ด Red = price closed lower
Wick = high & low during the time period
2. Support & Resistance
๐ฝ Support: where price tends to bounce
๐ผ 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: Donโt force lines that donโt 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
โ ๏ธ Head & Shoulders = possible reversal
๐ผ Triangle = breakout setup
๐ 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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