#CryptoCharts101
🔍 #CryptoCharts101: Your Quick Guide to Understanding Crypto Charts!
📈 Charts are tools that help you track the price movements of cryptocurrencies ⬆️⬇️ over time.
⏰ The main types:
Line Chart 📉: Shows the price line over time, easy and simple.
Candlestick Chart 🕯️: Displays the opening, highest, lowest, and closing prices for each time period, and is the most commonly used.
Bar Chart 📊: Similar to the candlestick but with a different design.
🔴 Red = Downward 🔽
🟢 Green = Upward 🔼
⏳ Time frames: Minute, Hour, Day, Week... Choose based on your strategy!
💡 Tip: Don't rely solely on the chart, but also monitor the news 📰, trading volume 📊, and support and resistance levels 🧱.
📚 Learn to read Japanese candlesticks, as they are the key to predicting the next movement!
🚀 By understanding charts, you increase your chances of making smart decisions and successful investments!