Want to stop buying the top and selling the dip?
It all starts with understanding crypto charts โ no rocket science needed. ๐
Here are the essentials every trader must know:
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๐ฉ 1. Candlesticks 101
Each candle shows:
Open, Close (body)
High, Low (wicks)
๐ฅ Red = price went down
๐ฉ Green = price went up
โฐ 1D = each candle is one day.
โฐ 4H = each candle is four hours.
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๐ 2. Support & Resistance
Support = price floor (buyers step in)
Resistance = price ceiling (sellers dominate)
๐ Price often bounces between them.
๐ If it breaks support, expect more downside.
๐ Break resistance? Could pump hard!
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๐ง 3. Moving Averages (MA)
These smooth out price data:
50MA (short-term trend)
200MA (long-term trend)
๐ข Golden Cross = Bullish (50MA crosses above 200MA)
๐ด Death Cross = Bearish (50MA drops below 200MA)
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๐ 4. Volume
High volume = strong conviction
Low volume = weak moves, easy manipulation
๐ก Big green candle + high volume = bullish confirmation
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๐จ 5. RSI (Relative Strength Index)
70+ = Overbought (price may drop)
30โ = Oversold (price may rise)
Great for spotting reversals.
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๐ฏ Final Pro Tip:
Donโt trade on emotion. Trade on structure.
Charts wonโt predict the future โ but they show whatโs likely based on real data.#CryptoCharts101