#đ How I Read a Crypto Chart â $BTC
I'm learning to read charts step by step, and these are the things I'm focusing on:
đą 1. Price action: Is the price making higher highs and higher lows?
đ 2. Support & resistance: Where are buyers and sellers likely to fight?
đ 3. Volume: Is trading activity increasing when price breaks resistance?
đ 4. RSI: Is momentum strengthening, or is the market becoming overheated?
⥠5. MACD: Is momentum supporting the current trend?
My biggest lesson so far: a single green candle doesn't guarantee a breakout. I want to see confirmation from price action and volume.
I'm still learning, so let's learn together! đ
What's the first thing you check when analysing a chart â price, volume, RSI, or MACD?
#BTC #CryptoAnalysis #TechnicalAnalysis #BinanceSquareTalks
I'm learning to read charts step by step, and these are the things I'm focusing on:
đą 1. Price action: Is the price making higher highs and higher lows?
đ 2. Support & resistance: Where are buyers and sellers likely to fight?
đ 3. Volume: Is trading activity increasing when price breaks resistance?
đ 4. RSI: Is momentum strengthening, or is the market becoming overheated?
⥠5. MACD: Is momentum supporting the current trend?
My biggest lesson so far: a single green candle doesn't guarantee a breakout. I want to see confirmation from price action and volume.
I'm still learning, so let's learn together! đ
What's the first thing you check when analysing a chart â price, volume, RSI, or MACD?
#BTC #CryptoAnalysis #TechnicalAnalysis #BinanceSquareTalks