#CryptoCharts101 📊 #CryptoCharts101

Reading crypto charts = reading market emotions in real time. Master them, and you stop guessing. You start trading smart. 🧠⚡

🔍 Here’s how to decode the basics:

1. Candlestick Charts 🕯️

Each “candle” shows price movement over a set time.

• Green = price went up

• Red = price went down

• Wick = high & low of that time period

2. Support & Resistance 📉📈

• Support: Price floor where buyers usually step in.

• Resistance: Price ceiling where sellers dump.

→ These zones help you spot entry/exit points.

3. Volume Bars

The tall bars below the chart = buying/selling pressure.

High volume on a breakout? Likely real.

Low volume? Could be a fakeout.

4. Moving Averages (MA/EMA)

Smooth out the noise.

• 50 EMA = short-term trend

• 200 EMA = long-term trend

Crossovers between them = golden cross / death cross.

5. Trend Lines

Draw lines connecting higher lows (uptrend) or lower highs (downtrend) to see where price might go next.

6. Indicators to Explore 🔧

• RSI (Relative Strength Index): Overbought (>70) or oversold (<30)

• MACD: Momentum + trend changes

• Bollinger Bands: Price volatility

💡 Pro Tip:

Start with the daily timeframe (1D) to see the bigger picture — then zoom in (4H, 1H) for entries.