#CryptoCharts101 CryptoCharts101 Introduction to Cryptocurrency Chart Analysis

## What are Cryptocurrency Charts?

Charts are a visual representation of the price movement of cryptocurrencies over time. They are used to analyze trends and make trading decisions.

## Main Types of Charts:

1. **Line Chart**

- The simplest form, connects closing prices with a line

- Good for seeing the overall trend

2. **Candlestick Chart**

- The most common in technical analysis

- Each "candle" represents a time period (minute, hour, day...)

- Shows the opening, closing, high, and low prices

3. **Bar Chart**

- Similar to candlesticks but in a different format

- Each bar represents price movement over a specific period

## Key Terms in Reading Candlesticks:

- **Body**: The thick part of the candle, shows the opening and closing prices

- **Wicks/Shadows**: The thin lines above and below the body, show the highest and lowest prices

- **Green Candle**: Closing price is higher than the opening (uptrend)

- **Red Candle**: Closing price is lower than the opening (downtrend)

## Downloading Apps to View Charts:

- **Popular Apps**: TradingView, Binance, CoinGecko, CoinMarketCap

- **How to Use**: Select the currency, set the time frame (1 hour, day, week...), choose the chart type

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