๐ #CryptoCharts101 โ Reading the Market Like a Pro ๐
If you want to level up your crypto trading game, you need to understand the charts. Here's a quick primer for beginners:
๐ Candlestick Basics
Each candle shows:
๐ Time frame (1m, 1h, 1d, etc.)
๐ Green = Price closed higher
โค๏ธ Red = Price closed lower
Wicks = Price extremes during the period
๐น Key Chart Patterns
1๏ธโฃ Double Bottom (W) โ Bullish reversal
2๏ธโฃ Head & Shoulders โ Bearish reversal
3๏ธโฃ Bull Flag โ Continuation after a strong move
4๏ธโฃ Triangle Patterns โ Watch for breakouts or breakdowns
๐งฎ Indicators That Matter
RSI (Relative Strength Index):
Over 70 = overbought, below 30 = oversold
MACD:
Momentum + trend change tool
Moving Averages (MA/EMA):
Help identify support, resistance, and trend direction
๐ง Pro Tip: Donโt trade based on one signal. Combine price action, volume, and indicators for better confirmation.
Charts don't lie โ but they do require context. Learn them, and you'll see the market with new eyes. ๐๐๐
Whatโs your go-to indicator?
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