๐ How to Read a Crypto Chart (Beginner Version)
1๏ธโฃ What Is a Crypto Chart?
A crypto chart shows:
Price (up and down)
Time (minutes, hours, days)
Market behavior
๐ On Binance, most charts use candlesticks.
2๏ธโฃ Candlestick Basics (Most Important)
Each candle shows 4 prices:
Open โ where the price started
Close โ where the price ended
High โ the highest price
Low โ the lowest price
Candle colors:
๐ข Green โ price went up
๐ด Red โ price went down
๐ Long candle = strong move
๐ Short candle = weak or slow move
3๏ธโฃ Timeframes (Choose the Right One)
Common timeframes:
5m / 15m โ very short-term
1H / 4H โ intraday
1D โ best for beginners
๐ Beginners should start with 1H or 4H.
4๏ธโฃ Trend Direction (Very Important)
There are 3 market trends:
๐ Uptrend
Higher highs
Higher lows
๐ Downtrend
Lower highs
Lower lows.
โก๏ธ Sideways (Range)
Price moves left and right
๐ Always trade with the trend, not against it.
5๏ธโฃ Support & Resistance (Key Levels)
๐ข Support
Area where buyers enter
Price often bounces up
๐ด Resistance
Area where sellers enter
Price often goes down
๐ Buy near support
๐ Sell near resistance.
6๏ธโฃ Volume (Confirms the Move)
Volume shows how strong a price move is.
High volume + price up โ strong move
Low volume + price up โ weak or fake move
๐ Price without volume is risky.
7๏ธโฃ Simple Beginner Strategy
โ๏ธ Trade with the trend
โ๏ธ Buy near support
โ๏ธ Sell near resistance
โ๏ธ Use higher timeframes
โ๏ธ Donโt chase candles
๐ Golden Rule to Remember
Trend + Support/Resistance + Volume = Better Decisions โ
๐ซ Beginner Mistakes to Avoid
โ Trading every candle
โ Using too many indicators
โ Ignoring higher timeframes
โ Trading with emotions
๐ข Final Advice
You donโt need to predict the market.
You only need to read what price is doing
#Learn #learnchart #chart