#CryptoCharts101 Cryptocharts101 involves understanding visual representations of cryptocurrency price movements. The most common type is the candlestick chart, where each "candle" depicts the opening, closing, high, and low prices for a specific timeframe (e.g., 1 hour, 1 day). Green (or white) candles typically indicate a price increase (closing higher than opening), while red (or black) signals a decrease.

Key elements include the price axis (Y-axis) and time axis (X-axis), along with volume bars showing trading activity. Traders look for chart patterns like Head and Shoulders, Double Tops/Bottoms, and various triangles (ascending, descending, symmetrical) to predict potential trend reversals or continuations. Technical indicators like Moving Averages (MA) and Relative Strength Index (RSI) are often overlaid to provide further insights into momentum and overbought/oversold conditions. Mastering these basics is crucial for informed trading decisions.