đ How to Read a Crypto Chart (Without Trading)
- many of you have asked me, and I made the 2nd version of this content for you, and if you didn't know the shape of these candles, I will show you in the image.
Simple & quick version
Even if you don't trade, knowing how to read a chart helps you to:
âïž avoid bad purchases
âïž understand if a crypto is trending
âïž protect your capital
đč 1. The Candles
Each candle shows 4 pieces of information:
Open
Close
High
Low
Colors:
đ© green = price goes up
đ„ red = price goes down
đč 2. Choose the right period
Avoid 1m, 5m, 15m â too much noise.
For a beginner:
âĄïž 1D or 1W = the most reliable
đč 3. Look at the trend
Ask one simple question:
đ Is it going up? Is it going down? Or is it stable?
Going up = bullish trend
Going down = bearish trend
Horizontal = neutral
đč 4. The volume (very important)
Below the chart:
High bars = real movement
Low bars = weak movement
Always check the volume before buying.
đč 5. What a beginner should do
âïž Check the trend on 1D or 1W
âïž Avoid buying during a surge
âïž Look for volume
âïž Understand if the market is calm or excited
đŻ Quick summary
Green = it's going up
Red = it's going down
High volume = serious movement
1D / 1W = reliable
Read the trend = protect your money