#CryptoCharts101 Master these 5 technical analysis essentials to elevate your crypto trading:
1️⃣ **Support/Resistance Zones** -
Price tends to react at historical levels. Look for confluence with:
• Previous swing highs/lows
• Round psychological numbers (e.g., BTC at $30K)
• Volume nodes
2️⃣ **Moving Averages** -
• 50/200 EMA = Trend filter (price above = bullish)
• 20 EMA = Short-term momentum
Pro Tip: Watch for crossovers and price respect
3️⃣ **RSI Divergences** -
More powerful than overbought/oversold:
• Hidden bullish = Higher low price + Lower low RSI
• Regular bearish = Lower high price + Higher high RSI
4️⃣ **Volume Profile** -
Identify high-volume nodes that act as:
• Support/resistance
• Fair value areas
• Potential breakout zones
5️⃣ **Candlestick Patterns** -
Most reliable with context:
• Bullish engulfing at support
• Bearish pinbar at resistance
• Inside bars before breakouts
**Advanced Tip**: Combine Wyckoff principles with volume analysis for institutional-level reads. Always confirm with multiple timeframes (4HR/Daily).
What's your most reliable chart pattern? Drop your favorite TA setup below! 👇