đ #CryptoChart101 | Learn to Read Crypto Charts Like a Pro!
Charts aren't just lines and candles â they're your map in the crypto market. đ§
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đž 1. Candlestick Basics
Each "candle" shows:
đą Open, Close, High, Low (for a time period)
đ„ Green = price went up
đ„ Red = price went down
đ Long wicks = high volatility
đ Short bodies = indecision
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đž 2. Timeframes Matter
â±ïž 1min, 15min, 1h, 1D, 1W...
Scalpers use 1â15min
Swing traders use 4hâ1D
Investors prefer 1Dâ1W+
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đž 3. Support & Resistance
đ Support: Where price often bounces up
đ Resistance: Where price often gets rejected
Mark these zones to predict possible reversals.
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đž 4. Trendlines & Patterns
đ Higher highs = Uptrend
đ Lower lows = Downtrend
đș Look for patterns like triangles, flags, or double tops/bottoms.
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đž 5. Volume Is Power
đ High volume = Stronger move
đ Low volume = Weak signal / fakeout risk
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đĄ Bonus Tip: Combine chart reading with fundamentals and risk management â not just vibes.
#CryptoCharts #TradingTips #CryptoEducation #TechnicalAnalysis #CandlestickPatterns #TA101 #CryptoTrading #Bitcoin #Ethereum #Altcoins