#CryptoCharts101 Absolutely! Here's a beginner-friendly Crypto Charts 101 guide — whether you're trading on Binance, Coinbase, or any platform, these fundamentals apply to all cryptocurrency price charts.
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🧠 Crypto Charts 101: A Beginner’s Guide
Cryptocurrency charts show how the price of a coin (like BTC or ETH) moves over time. Learning to read them helps you spot trends, time trades, and avoid bad decisions.
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📈 1. What Is a Crypto Chart?
A crypto chart is a graphical display of price and volume over time.
X-axis = Time (minutes, hours, days)
Y-axis = Price of the cryptocurrency
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🕯️ 2. Candlestick Charts: The Standard Format
The candlestick chart is the most used crypto chart.
🧱 Each Candlestick Shows:
Info Description
Open Price when the candle started
Close Price when the candle ended
High Highest price during the time frame
Low Lowest price during the time frame
Color Green = Price went up; Red = Down
⏰ Time Frames
Each candle can represent:
1 Minute (scalping)
15 Minutes (short-term)
1 Hour / 4 Hours (day trading)
1 Day / 1 Week (swing or long-term)
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🧠 3. Understanding Patterns
Candles form patterns that traders analyze to predict future moves:
Pattern Meaning
Bullish Engulfing Reversal to the upside
Bearish Engulfing Reversal to the downside
Doji Market indecision
Hammer / Inverted Hammer Potential trend reversal
Head and Shoulders Reversal (bearish or bullish)
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🔧 4. Technical Indicators (Tools for Analysis)
These help you analyze the price action:
RSI (Relative Strength Index)
70+ = Overbought → may go down
30- = Oversold → may bounce up
MACD (Moving Average Convergence Divergence)
Shows momentum and trend changes
Moving Averages (SMA/EMA)
Track average prices over time to smooth out volatility
Volume
High volume = strong move. Low = weak/indecisive
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📉 5. Other Chart Types (Optional)
Line Chart: Just connects closing prices. Simple but limited.
Bar Chart: Similar to candles but harder to read.
