#CryptoCharts101
Reading charts is essential for every crypto trader. Not just watching price move up and down, but understanding the structure behind it. Here’s a quick basic breakdown:
1. Candlestick
Shows price movement within a selected timeframe (1M, 5M, 1H, etc.)
• Body = open & close price difference
• Wick = highest & lowest price
2. Support & Resistance
• Support = price area likely to bounce up
• Resistance = price area likely to drop
3. Trendline
Lines that show price direction — uptrend, downtrend, or sideways.
4. Volume
Shows market strength behind price moves. High volume = stronger moves.
5. Moving Average (MA)
Average price over a period. MA50 & MA200 often used for trend spotting.
Tips:
• Start from higher timeframe (1D / 4H) to lower (1H / 15M)
• Focus on market structure & key areas
• Don’t trade based on red/green candle alone
What’s your go-to charting tool?