#CryptoCharts101
📊 #CryptoCharts101: Reading Crypto Charts Like a Pro
Charts look confusing? Don’t worry—we’ve all been there.
Let’s break it down so you can stop guessing and start reading the market. 👇
🕯️ 1. Candlesticks 101
Each candle shows price movement over a set time.
🟩 Green = Price went up
🟥 Red = Price went down
Candles show:
Open 🔓
High 🔼
Low 🔽
Close 🔒
⏱️ 2. Timeframes Matter
1m/5m = Short-term, high noise
1h/4h = Swing trading
1D/1W = Big picture, trend spotting
✅ Tip: Always check multiple timeframes for context.
📐 3. Support & Resistance
Support = Price floor (buying zone)
Resistance = Price ceiling (selling zone)
These levels often repeat—use them to time entries/exits.
📈 4. Trends Are Your Friend
Higher highs & higher lows = Uptrend
Lower highs & lower lows = Downtrend
Don't trade against the trend unless you know what you're doing.
⚙️ 5. Indicators (Use Wisely)
RSI = Overbought/oversold
MACD = Trend & momentum
Volume = Strength behind moves
💡 Less is more—don’t overload your chart with signals.
📉 6. Patterns to Know
Double top = Bearish
Double bottom = Bullish
Head & Shoulders = Reversal
These are clues, not guarantees—always confirm!
🧠 Pro Tip:
Charts don’t predict—they help you prepare. Combine TA with smart risk management.
Now you’re charting like a pro.
No more trading in the dark. 🕵️♂️
#CryptoBasics #TechnicalAnalysis #CryptoTrading #Web3Education #TradingTips