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