#CryptoCharts101

# Crypto Charts 101: Understanding Cryptocurrency Price Charts

## Basic Chart Types

1. **Line Charts** - Simplest form, connects closing prices over time

2. **Candlestick Charts** - Most popular, shows open/high/low/close for each period

- Green/white candles = price increased

- Red/black candles = price decreased

3. **Bar Charts** - Similar to candlesticks but with vertical lines and small horizontal ticks

## Key Components

- **Timeframes**: Minutes (1m, 15m), hours (1h, 4h), days (1d), weeks (1w)

- **Volume**: Shows trading activity (often as bars at bottom)

- **Support/Resistance**: Price levels where asset tends to stop falling/rising

## Common Indicators

1. **Moving Averages (MA)**

- SMA (Simple Moving Average)

- EMA (Exponential Moving Average) - gives more weight to recent prices

2. **Relative Strength Index (RSI)** - Measures overbought/oversold conditions (30-70 scale)

3. **MACD** - Shows relationship between two moving averages

4. **Bollinger Bands** - Shows volatility and potential price reversal points

## Chart Patterns to Recognize

- **Trends**: Upward (higher highs/lows), downward (lower highs/lows), sideways

- **Reversal Patterns**: Head & shoulders, double top/bottom

- **Continuation Patterns**: Flags, pennants, triangles

## Tips for Beginners

1. Start with higher timeframes (4h, 1d) for clearer trends

2. Use multiple indicators to confirm signals

3. Always consider trading volume with price movements

4. Practice with demo accounts before trading real funds

5. Remember past performance doesn't guarantee future results