Welcome to a world where 17-year-old geniuses from Bali with $200 laptops control the flow of billions, while you — with a chart in one tab and YouTube in another — hope that the green candle doesn't turn into a red massacre.
In the world of cryptocurrencies, reading charts has become a new form of art. If people used to read 'War and Peace', now they study 'double bottoms', 'pennants', and, my favorite, 'head and shoulders'. Sounds like a description of a failed selfie? Maybe. But on a crypto exchange, it could mean the difference between buying a Lamborghini and living on Chinese noodles.
What are you even looking at when you look at a chart?
Candles. Red and green. Green — good. Red — bad. Is it that simple? Ha-ha, of course not.
It's like playing chess with Voldemort. On LSD. In the dark.
Traders call this 'technical analysis', but in fact — it's shamanism with access to the internet. People draw lines, call them 'Fibonacci levels', and think they've predicted the future. Bitcoin drops — 'oh, it's just a pullback'. It rises — 'I said, the trend is upward!' And if it stands still — 'accumulation, wait for the breakout.'
Trends are great until they break your back.
So you see the 'cup and handle' pattern. In your head — thoughts about the Maldives, yachts, and retiring from work. And two hours later, this 'pattern' turns into a 'bucket upside down', and you're wondering why you were even born.
But this is exactly why we love crypto. It's a rollercoaster with leverage, and if you're not crying at least once a week — then you're not really trading.
Timing trades or 'why you always enter a trade at the peak'.
Timing is an art. You enter too early — and the price drops. You wait for confirmation — and it's already gone. Try again — and guess what? The stop got hit. Someone will say this is 'liquidity testing'. In fact, the market is telling you: 'I don't like you, and I'm going to hurt you.'
Indicators that are believed in more than the Constitution.
RSI — if it's above 70, sell. Below 30 — buy. Simple as a toaster. But it only works when you're not trading. EMA, MACD, VWAP — the names sound like access codes to secret bunkers, but traders pray to them like sacred relics.
And now seriously… almost.
If you're not reading charts — you're blind. If you read them poorly — you're blind and without a stick. The crypto market is a wild field where it's not the smartest that wins, but the most disciplined and cool-headed.
You're not just studying trends — you're studying crowd behavior. And the crowd, as we know, first screams 'To the moon!', and then — 'who even believed in this scam?'
• Want to survive on the exchange? Learn the charts.
• Want to make money? Don't be swayed by emotions.
• Want to laugh? Watch someone enter based on 'intuition'.
And remember: there is no 'perfect signal'. There's just the market, your nerves, and candles that don't burn — but incinerate everything inside.
