Topic: Basis TA must learn for newbies - page 2. (Read 411 times)

I expect a better explanation about elliot waves. There are more details in that theory such as length of lines. Also there are other minor waves in the bigger waves. They should be explained too.

I prefer trading over holding, but if you're going to hold you need early entries into your tokens.  You don't necessarily need to buy them at ICO price but don't wait until something bloats to 30-50x ICO price then decide to hold... and especially don't buy things in a parabolic runup thinking it's going to the moon.  Often times noobs do this and get stuck bag holding and this is probably the worst scenario to be in over all others because you are losing money AND not actively growing your investment.  The same applies to trading to some degree but with trading, you have to be more disciplined... you want early or bled out entries first and foremost because when you hit buy, it's really the only thing in trading you have 100% control of.  If you get a good entry then deciding the exit is kind of a no-brainer... if you are in profit, it is a good trade.... anything that has parabolic green candles its time to exit.. and don't look for re-entries until a 50-60% correction into the golden zones of Fibonacci retracements.  Trading is fundamentally harder because people become attached to coins when they are making considerable gains and get stressed out about losses when coins are dropping.  In either scenario, you can't emotionally trade.  Coins don't parabolic run forever and they don't go to zero either.  Choose based off of your comfort level but whichever you choose, don't just hold all alt coins.. you must cost average mistakes and need BTC in buying opportunities to help your portfolio grow.  Also never buy all in at one place and make sure you have some diversity.  

In summary:

Trading is risky but be greedy with your entries.. better entries = easier exits.. and don't be afraid to exit when a coin is doing well.. any positive amount in a trade is a good one, and there's certainly always more coins to trade even if this one leaves you.
Hodling works but you have to understand that hodling from ICO price and buying something much later when bloated on parabolic runups is not the same thing.  Half the people advising you to hodl are either a) early adopters several X in profit or b) afraid that if they don't convince you to hodl, that they will end up losing.  

Nice post OP, the first three TA tools are the most basic tools although Elliot waves are something new to me. I think this will be very big help to me to improve my TA skills. Please continue share this kind of post here in our forum. Nice job for these I will give you some merit.

hey  guys  am not saying am pro or something  am also a newbie    and  i found that  those  4    TA basis   are  so great and can be helpful in   your trading   and am so sure that

lot of people dont know them  ( newbie  or lazy xd )   so  i hope you learn them , master them  and move to a higher level

since am not a good explainer   i will just refer you to a YouTube video    
 

• trend lines  

https://www.youtube.com/embed/-PPkTLov6VY

• Support and Resistance

https://www.youtube.com/embed/B8-_Mxz0Weg

• Fibonacci Retracements

https://www.youtube.com/embed/Kz6-8nQLRHM
or
https://www.youtube.com/embed/Ytr__kKKYBA

• Elliot waves  

 hhhh put video speed to 1.25
https://www.youtube.com/embed/bDLxjM_RnnM

[/list]



Edit
and in order to  practice every new TA skill you learn  visit this great and free website  https://www.tradingview.com/markets/cryptocurrencies/    also you can follow  some traders  analysis  there   but   never trust anyone on your money they are  sometimes  wrong  or  the precise  description  is  the use of TA  with a subjective way like forcing it  to see what we want  while  TA  must be used in an objective wave  combined to lot of other things  which the simplest is  news   like my friend say  buy the fud and sell the news  hhhh

hope you enjoy learning  and  also i will be glad if more experienced traders  share in this topic  some advices or trading strategies    

Do you really understand what you're saying and what would you be putting your emotions under control for if not to follow the dictates of your studies and market analysis? You can say that some trading tools are better suited than others, especially when a trader is able to effectively put them to use, but it's unfortunate may traders especially newbies are so much in the hurry and miss to see the place of making informed trading decisions.

OP, I think, Elliot wave is too advanced for a newbie and instead Bollinger band should make the list.

No amount of TA and skill in reading the markets will be able to allow you to outperform someone who has their emotions under control. IF decisions are difficult for you then you probably have too much money invested in to cryptocurrency and you need to reevaluate.

no  just  new to  the business  and trying to get used to it  am not  a panic seller if you wonder  i am  basically holding rn   but  the idea of trading  is  making more money which

we are discussing here   while   trading using emotion is something else like fud .. fomo ..  panic sell  and etc    thats what i think  anyway

No amount of TA and skill in reading the markets will be able to allow you to outperform someone who has their emotions under control. IF decisions are difficult for you then you probably have too much money invested in to cryptocurrency and you need to reevaluate.

i already used  fib in some trades   and it  work  in some  but  the main problem  i face  is the stress and whether  i  buy or sell   ..  taking  a decision is  the hardest

 
Fibonacci and Eliot waves is somehow an advance lesson for you to add up if you are really willing to learn on it.

trend lines
Support and Resistance