📈 #CryptoCharts101 – Reading Crypto Charts Like a Pro

Understanding crypto charts isn’t just for technical analysts—it’s essential for every serious trader and investor. Here’s your quick-start guide to mastering the basics:

🔹 1. Candlestick Charts

Each candle shows 4 key data points: Open, High, Low, Close (OHLC).

Look for patterns like Doji, Engulfing, Hammer, or Shooting Star—they signal shifts in momentum and trend.

🔹 2. Support & Resistance

These are price zones where the market tends to react.

Support = floor where buyers step in. Resistance = ceiling where sellers take over. Watch how price behaves near these levels.

🔹 3. Trendlines & Channels

Drawing clean trendlines helps identify bullish or bearish bias.

Use channels to spot breakouts, pullbacks, or reversals.

🔹 4. Moving Averages (MA)

Common types: SMA (Simple) & EMA (Exponential)

50MA and 200MA are widely used. Golden Cross (50MA > 200MA) = bullish. Death Cross = bearish.

🔹 5. Volume Analysis

Volume confirms price strength.

A breakout with high volume = real interest. A breakout with low volume = caution. Combine volume with candles for better clarity.

📊 Pro Tip:

Focus on structure first, then indicators. Price action is king—indicators should only support your thesis, not dictate it.