Business Activity:| Crypto market chart tutorial. @sirpchannel

Special greetings from @sirpchannel to all the great steemians in the world. It is my pleasure to have you in my today's article. In this channel, I will break down in steps on how to understand the cryptocurrency market charts and when to invest your assets in the market trends. Enjoy your reading. One of the most important parts in crypto is to understand the support and resistance chart level. The support level in chart means the price level that the asset does not go below a fixed period. The resistance level refers to the price which asset is not expected to go higher.

The Crypto price Charts have both the vertical and horizontal candlesticks. The vertical candlestick represent the price data while the horizontal candlesticks represent the time duration. It's just a simple graph with lines and bars.

The Cryptocurrency chart is very crucial to every Investors.

• It help to identify the best opportunity in the market.
• It help the Investors to find the trending in the market and also to predict the future price of an asset. The demands and supply of specific asset influence the future price change.
• Price chart help to monitor the market movement through technical analysis which is the analysis of the past trading activity with price variation of an asset, which by technically can be useful to predict the future price movements of an asset in respect to the trading data, which includes the commodities, stocks, future, currencies and crypto as a whole.

The market movement is basically classified into three phases.

• The primary movement: This is the major movement of the market which enable the Investors to know the support and resistance period, and it last longer more than a year to other market movement,
• Intermediate: As the name implies, it is the movement of market that swing over a period of time. It take 10 days to 3 months frame, and it trend is measured in terms of the primary price change.
• The short swing: The last which is also refers to the least market movement is the short swing medium of market over a stipulated short term speculation in the market.

Different time frame in crypto chart gives different information. You might want to open and close your position in a single day and in this, you need a short time frame like 15 minutes chart, 1-hour chart, 4-hours chart or even 1-day chart. If you are a long term holder trader, you consider a long time frame Chart. Knowing the market cap of a coin will help you to indicate the stability of cryptocurrency and this can be calculated by taking the total circulating supply of the currency and multiply that number by the price of each coin. To be a good investor in cryptocurrencies, you need to know how to read the crypto chart and also to understand the technical support analysis. It is necessary to know the candlestick chart to determine the support and resistance levels to enable you predict the market trends.

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