#CryptoCharts101 📊 Crypto Charts 101 – Basic Overview

🔍 What is a cryptocurrency chart?

A crypto chart shows how the price of a cryptocurrency varies over time. It is essential for analyzing trends and making investment decisions.

🔑 Types of Charts

1. Line Chart

Shows only the closing price for each period.

Ideal for viewing general trends.

2. Candlestick Chart

Shows:

Opening Price

Closing Price

Highest Price

Lowest Price

Each candle represents a time interval (1h, 4h, 1D, etc.).

Widely used for technical analysis.

3. Bar Chart (OHLC)

Similar to candlesticks but with vertical bars.

Shows opening, highest, lowest, and closing prices (Open, High, Low, Close).

⚙️ Key Components

Volume: number of cryptos traded in a period. High volume = greater interest.

Support and Resistance: levels where the price tends to stop or bounce.

Trend:

Bullish: prices rise.

Bearish: prices fall.

Popular Technical Indicators:

RSI (Relative Strength Index): measures if an asset is overbought or oversold.

MACD (Moving Average Convergence Divergence): indicates trend changes.

Moving Averages (MA/EMA): average the price over a period, smoothing the movement.

🧠 Tips for Beginners

Don’t rely solely on emotions: use charts with objective data.

Combine charts with news and fundamental analysis.

Start with long timeframes (1D or 1W) before day trading.

Practice with demo accounts before investing real money.