#CryptoCharts101

📊 #CryptoCharts101: How to Read Crypto Charts Like a Pro

Understanding charts = understanding market moves. Let’s break it down:

1. 🕐 Timeframes Matter

• 1m, 5m, 1H, 4H, 1D – they all tell different stories.

✅ Day traders use short timeframes

✅ Investors focus on daily/weekly charts

2. 📉 Candlestick Basics

Each candlestick shows:

• Open

• High

• Low

• Close

🟩 Green = Price went up

🟥 Red = Price went down

3. 🧭 Support & Resistance

📉 Support = price level where buyers step in

📈 Resistance = price level where sellers show up

✅ These zones help you spot potential entries & exits

4. 📐 Trend Lines

• Uptrend = higher highs & higher lows

• Downtrend = lower highs & lower lows

✅ Trend is your friend—don’t trade against it!

5. ⚙️ Indicators 101

Popular tools to help analyze:

• RSI: Overbought (>70) or oversold (<30)

• MACD: Momentum + trend strength

• Volume: Confirms if moves are strong or weak

6. 🎯 Chart Patterns

📌 Learn key patterns like:

• Head & Shoulders

• Double Top / Bottom

• Triangles & Flags

✅ Patterns can hint at breakouts or reversals

💡 Final Tip:

Never rely on just one signal — combine tools, trends, and patterns for smarter decisions.

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