#CryptoCharts101 How I read charts without magic and shamanism
Many people look at a chart like a Picasso painting: something beautiful but incomprehensible. I look at it more simply: I search for levels, volumes, and the price's reaction to zones.
Support and resistance levels.
Where the price previously stopped — there it will either bounce back or break through again.
Volumes.
If there is a sharp movement without volume — it's dust. If there is volume — someone big has already entered.
Candles.
One candle doesn’t say anything. Look at clusters and context. 5 green ones in a row — good. 5 greens with a shadow on top — we think. Indicators.
RSI, MACD, OBV — I look at them, but as hints. Not as a verdict.
And the most important thing is that I think about the trend and stop-losses!
Something like that!