๐Ÿ“Š #CryptoCharts101 โ€“ Reading the Market Like a Pro ๐Ÿ“Š


If you want to level up your crypto trading game, you need to understand the charts. Here's a quick primer for beginners:



๐Ÿ“ˆ Candlestick Basics

Each candle shows:




๐Ÿ•’ Time frame (1m, 1h, 1d, etc.)




๐Ÿ’š Green = Price closed higher




โค๏ธ Red = Price closed lower




Wicks = Price extremes during the period





๐Ÿ”น Key Chart Patterns

1๏ธโƒฃ Double Bottom (W) โ€“ Bullish reversal

2๏ธโƒฃ Head & Shoulders โ€“ Bearish reversal

3๏ธโƒฃ Bull Flag โ€“ Continuation after a strong move

4๏ธโƒฃ Triangle Patterns โ€“ Watch for breakouts or breakdowns



๐Ÿงฎ 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






๐Ÿง  Pro Tip: Donโ€™t 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. ๐Ÿ‘€๐Ÿ“‰๐Ÿ“ˆ


Whatโ€™s your go-to indicator?


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