📊 CryptoCharts101: How to Read Charts for Beginners
Trading starts with understanding charts. This is your main tool for decision making. Here are the basics:
1. Candlestick Charts
• Each candle represents a price change over a certain period (e.g., 1 hour).
• A green candle means the price increased, a red candle means it decreased.
• Shadows show the maximum and minimum price during that time.
2. Support and Resistance Levels
• Support is a level below which the price rarely falls.
• Resistance is a level above which the price struggles to break.
3. Indicators to Get Started
• MA (Moving Average) shows the average price over a selected period.
• RSI (Relative Strength Index) indicates whether an asset is overbought or oversold.
• MACD helps to identify trend changes.
4. Volume
• High volume = greater interest from traders.
• Volume confirms the strength of a trend.
5. Time Frames
• For traders: short intervals (5m, 15m, 1h).
• For investors: longer intervals (1 day, 1 week).
🧠 Tip: Don't look for the "holy grail." Combine several indicators, test strategies — and act thoughtfully.
