📊 How to Read a Crypto Chart (Beginner Version)
1️⃣ What Is a Crypto Chart?
A crypto chart shows:
Price (up and down)
Time (minutes, hours, days)
Market behavior
📌 On Binance, most charts use candlesticks.
2️⃣ Candlestick Basics (Most Important)
Each candle shows 4 prices:
Open – where the price started
Close – where the price ended
High – the highest price
Low – the lowest price
Candle colors:
🟢 Green → price went up
🔴 Red → price went down
📌 Long candle = strong move
📌 Short candle = weak or slow move
3️⃣ Timeframes (Choose the Right One)
Common timeframes:
5m / 15m → very short-term
1H / 4H → intraday
1D → best for beginners
📌 Beginners should start with 1H or 4H.
4️⃣ Trend Direction (Very Important)
There are 3 market trends:
📈 Uptrend
Higher highs
Higher lows
📉 Downtrend
Lower highs
Lower lows.
➡️ Sideways (Range)
Price moves left and right
📌 Always trade with the trend, not against it.
5️⃣ Support & Resistance (Key Levels)
🟢 Support
Area where buyers enter
Price often bounces up
🔴 Resistance
Area where sellers enter
Price often goes down
📌 Buy near support
📌 Sell near resistance.
6️⃣ Volume (Confirms the Move)
Volume shows how strong a price move is.
High volume + price up → strong move
Low volume + price up → weak or fake move
📌 Price without volume is risky.
7️⃣ Simple Beginner Strategy
✔️ Trade with the trend
✔️ Buy near support
✔️ Sell near resistance
✔️ Use higher timeframes
✔️ Don’t chase candles
🔑 Golden Rule to Remember
Trend + Support/Resistance + Volume = Better Decisions ✅
🚫 Beginner Mistakes to Avoid
❌ Trading every candle
❌ Using too many indicators
❌ Ignoring higher timeframes
❌ Trading with emotions
🟢 Final Advice
You don’t need to predict the market.
You only need to read what price is doing
#Learn #learnchart #chart