#CryptoCharts101
📈 Master the Visuals! 🚀
Reading charts is a core skill for smart trading! Spotting patterns helps you find opportunities & avoid traps.
What chart patterns do I watch? 👀
My favorites are Head & Shoulders (for reversals), Triangles (for breakouts), and Flags/Pennants (for continuations).
How do I identify trends/reversals/breakouts?
* Trends: I use moving averages (MA crossover confirms trends!).
* Reversals: Look for divergence on indicators like RSI, plus classic reversal patterns.
* Breakouts: Volume spikes on key resistance/support breaks are essential! 💥
How has chart reading helped my trades?
It's been a game-changer for timing entries after consolidation and exiting before major corrections by spotting bearish divergences. It gives me confidence! ✅
What are your go-to chart patterns or indicators? Share your insights! 👇