#CryptoCharts101 🧠📈💡
Want to level up your trading game? It all starts with understanding crypto charts — your window into the market! 🪟💹 Let’s break it down nice and simple 👇
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📘 1. Candlestick Charts
The most common chart type 🕯️ Each candle shows:
Open price
Close price
High & Low during a timeframe
✅ Green = price went up, 🔴 Red = price went down.
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⌛ 2. Timeframes Matter
Different traders watch different timeframes:
🕐 1-min / 5-min = scalpers
🕒 1H / 4H = swing traders
📅 Daily / Weekly = long-term investors
✅ Match your strategy with the right timeframe.
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📉 3. Support & Resistance
Support: Price level where buying pressure holds it up 🟢
Resistance: Price ceiling where sellers take control 🔴
✅ Spotting these zones helps plan your entries & exits.
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📐 4. Trendlines
A simple line connecting higher lows (uptrend) or lower highs (downtrend) 📈📉
✅ Follow the trend — don’t fight it!
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🔄 5. Indicators to Know
RSI (Relative Strength Index): Overbought or oversold? 🤔
MACD: Spot trend momentum 🔵
Volume: Confirms moves – no volume, no strength 🔊
✅ Don’t rely on just one tool — combine them!
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🧘 6. Patterns
Watch for popular formations:
Triangles 🔺