#CryptoCharts101
š #CryptoCharts101: How to Read Crypto Charts Like a Pro
Understanding charts =Ā understanding market moves.Ā Letās break it down:
1. šĀ Timeframes Matter
⢠1m, 5m, 1H, 4H, 1D ā they all tell different stories.
ā Ā Day tradersĀ use short timeframes
ā Ā InvestorsĀ focus on daily/weekly charts
2. šĀ Candlestick Basics
Each candlestick shows:
⢠Open
⢠High
⢠Low
⢠Close
š© Green = Price went up
š„ Red = Price went down
3. š§Ā Support & Resistance
šĀ SupportĀ = price level where buyers step in
šĀ ResistanceĀ = price level where sellers show up
ā These zones help you spot potential entries & exits
4. šĀ Trend Lines
⢠Uptrend = higher highs & higher lows
⢠Downtrend = lower highs & lower lows
ā Trend is your friendādonāt trade against it!
5. āļøĀ 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. šÆĀ Chart Patterns
š Learn key patterns like:
⢠Head & Shoulders
⢠Double Top / Bottom
⢠Triangles & Flags
ā Patterns can hint at breakouts or reversals
š” Final Tip:
Never rely onĀ just one signalĀ ā combine tools, trends, and patterns for smarter decisions.
š Follow for more #CryptoBasics #TA101 #LearnToTrade