#CryptoCharts101
📊 Crypto Charts 101 🚀
Let’s be real: staring at a crypto chart for the first time can feel like trying to read The Matrix. Candles, wicks, RSI, volume... what does it all mean?
Here’s a super simple breakdown to get you started:
🔹 Candlestick Charts
Each “candle” shows price movement in a set time frame (like 1 hour, 1 day, etc.).
Green (or white) candle = price went UP.
Red (or black) candle = price went DOWN.
The thick part = open/close. The “wicks” = highest and lowest prices during that time.
🔹 Volume
The bars below the chart? That’s volume. It shows how much of the asset was traded. High volume = strong interest (bullish or bearish). Low volume = weak moves, low confidence.
🔹 Support & Resistance
Support = price level where it tends to bounce UP.
Resistance = price level where it tends to bounce DOWN.
They act like invisible floors and ceilings.
🔹 Moving Averages (MA)
These are lines that smooth out price action.
Short-term MA (like 20-day) = quick reaction.
Long-term MA (like 200-day) = big picture trend.
If the price is above the MA, it's generally bullish. Below = bearish.
🔹 RSI (Relative Strength Index)
This one tells you if a coin is overbought (70+) or oversold (30-). Great for spotting potential reversals.
💡 Pro tip: Don’t rely on just one indicator. Always zoom out, combine tools, and remember: charts show probabilities, not guarantees.
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👀 Want a deep dive on how to actually read candlesticks or use indicators like MACD, Bollinger Bands, or Fibonacci? Drop a comment or DM me "CHARTS" 📩
#CryptoCharts #Crypto101 #CryptoTrading #InvestSmart #CryptoEducation2025
