#CryptoCharts101
Great! Here's a simple guide to #CryptoCharts101 – perfect for beginners learning to read crypto price charts:
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📈 #CryptoCharts101: How to Read Crypto Charts Like a Pro
🕯 1. Candlestick Basics
Each "candlestick" shows price movement in a set time (1min, 1hr, 1day, etc.):
🟩 Green (or white) = price went up
🟥 Red (or black) = price went down
Wicks = high and low during that time
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🔁 2. Support & Resistance
Support: Price level where buyers step in (acts like a "floor")
Resistance: Level where sellers push back (acts like a "ceiling")
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📊 3. Volume
Tall bars = high activity
Low volume = weaker trend
Confirm breakouts with high volume
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📐 4. Trend Lines
Draw lines connecting higher lows (uptrend)
Draw lines connecting lower highs (downtrend)
Trends help identify momentum
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🧠 5. Chart Patterns
Watch for:
Double Top/Bottom
Head & Shoulders
Triangles These signal trend reversals or continuations.
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⚙️ 6. Indicators to Know
RSI (Relative Strength Index): Overbought or oversold?
MACD: Trend strength and direction
Moving Averages: Smooth out price to see the trend
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Want me to make an illustrated cheat sheet or chart example for this?