Topic: Basis TA must learn for newbies (Read 403 times)
I think that is great, like what do other people says “life is a continuous process” : learning new things will help the newbies to obtained new discoveries and adventures that can help them in their journey.
Knowledge about technical analysis in trading is very helpfull to decide best entry and exit point from the market, but in trading we need not only knowledge about TA, but also management of money and risk and also keep patient wait for best entry. So combination of knowledge about TA + risk management + psycology of trading is should be to learn to become expert trader who possible to earn profit in consistently.
honestly I think that a newb should focus a lot more on pure price action than elliot waves, there's just too many ways to interpret them in order to make it a reliable tactic for trading
trend lines
Support and Resistance
Fibonacci and Eliot waves is somehow an advance lesson for you to add up if you are really willing to learn on it.
I fully agree. In fact, I think the most important thing is to be able to identify resistances and supports or supply and demand levels. If a newbie can master identifying those, it is enough already for good success. IMO, other stuff would all be used as a catalyst to confirm or reject a hypothesis of how price will react to the support/resistance it's approaching.
Someone is based on classical prediction - Elliot waves, someone on the mathematical model - nonlinear fractal analysis, but there are those who trade on the indicators. For example I like use indicators and learn techniques of William Gann, Bradley Cowan to calculate trend reversals.
Thanks for the references. I like coral trend indicator but it is really slow. We can't understand when it will drop.. So if you suggest something better, I will take a look. Thanks! 
Actually all basics information or information should be learn by the newbies,
because in order to obtained a great career for them in this field them should be guided so there are in the right path.
because in order to obtained a great career for them in this field them should be guided so there are in the right path.
Someone is based on classical prediction - Elliot waves, someone on the mathematical model - nonlinear fractal analysis, but there are those who trade on the indicators. For example I like use indicators and learn techniques of William Gann, Bradley Cowan to calculate trend reversals.
All the people that just do not want ot learn TA, are the first ones who are gonna lose all their money because of this, it is more than a MUST if you are a new trader
I disagree it's a must and I also disagree that it guarantees success but it really helps people to have a better chance of succeeding with their trades. For the little time and effort it takes to learn it's really worthwhile doing.
These are the basics as far as TA is concerned in trading in fact resistance, support and trend lines has been very helpful plus Candlestick patterns formed at those zones e.g hammers, bullish or bearish engulfing bars and pin bars, these are very profitable candles which can aid perfect trading system, and avoiding all those colourful indicators that lags with the price.
For my reference, all indicators presented are valid on liquid trading which is in crypto consist of Bitcoin and Ethereum. For other crypto, I feel the technical analysis should be modified accordingly since the liquidity. The indicators are based on statistic, so if the data is not too many means the liquidity is low then just use the modified TA such as volume in sell wall or buy wall.
All the people that just do not want ot learn TA, are the first ones who are gonna lose all their money because of this, it is more than a MUST if you are a new trader
great job dev and it really helps me once to learn trading.
but I'm sure all markets can not be predicted and can not be manipulated by some parties, because Bitcoin is impartial to anyone and in the property of each individual
so, it can be said that if Bitcoin will rise when there News and Bitcoin will go down when there FUD.
TA is helpful tool in decision making, although it is not accurately predicted, because the price movement is very dependent in some issues that canbut I'm sure all markets can not be predicted and can not be manipulated by some parties, because Bitcoin is impartial to anyone and in the property of each individual
so, it can be said that if Bitcoin will rise when there News and Bitcoin will go down when there FUD.
affect the integrity of the currency, TA some what considered it as one of the factors.
[/list]
All these technical analysis are good for beginners but I recommend learning from fundamentals rather and adding it to the analysis derived from technical indicators. With this approach, a newbie can see the market in full and make a good trading decision.
- 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
- Support and Resistance
- Fibonacci Retracements
or
https://www.youtube.com/embed/Ytr__kKKYBA
- Elliot waves
hhhh put video speed to 1.25
https://www.youtube.com/embed/bDLxjM_RnnM
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
[/list]update :
Now did you guys ever wonder what is sma and ema ? those blue, red and yellow lines ?
They are called moving average and they are a must to learn because they are helpful .
as usual its better to have an illustrated explanation from pro traders so enjoy those 2 videos ( i recommend to watch several times then go practice using trading view platform )
moving average explanation https://www.youtube.com/embed/4R2CDbw4g88
How to Trade Moving Averages https://www.youtube.com/embed/5rMkQurfxrE
update 2 :
time for you to learn another basic TA and this time its volume
volume is a must to know and you can confirm if the market movement is valid or no ( for example a pumped coin will have small volume but a high price change so stay away and dont get fomo on it )
so i picked 2 video to understand Volume Indicator that i hope you enjoy
Volume Indicator Trading Part 1 https://www.youtube.com/embed/wfySsU4JO3g
Volume Indicator Trading Part 2 https://www.youtube.com/embed/depNunVItWE
great job dev and it really helps me once to learn trading.
but I'm sure all markets can not be predicted and can not be manipulated by some parties, because Bitcoin is impartial to anyone and in the property of each individual
so, it can be said that if Bitcoin will rise when there News and Bitcoin will go down when there FUD.
but I'm sure all markets can not be predicted and can not be manipulated by some parties, because Bitcoin is impartial to anyone and in the property of each individual
so, it can be said that if Bitcoin will rise when there News and Bitcoin will go down when there FUD.
updated ( volume indicator part )
- 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
- Support and Resistance
- Fibonacci Retracements
or
https://www.youtube.com/embed/Ytr__kKKYBA
- Elliot waves
hhhh put video speed to 1.25
https://www.youtube.com/embed/bDLxjM_RnnM
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
[/list]update :
Now did you guys ever wonder what is sma and ema ? those blue, red and yellow lines ?
They are called moving average and they are a must to learn because they are helpful .
as usual its better to have an illustrated explanation from pro traders so enjoy those 2 videos ( i recommend to watch several times then go practice using trading view platform )
moving average explanation https://www.youtube.com/embed/4R2CDbw4g88
How to Trade Moving Averages https://www.youtube.com/embed/5rMkQurfxrE
BTCBTCBTCBTC
updated ( moving average part )
Stay away from Elliot seriously, stick to support and resistance when you start TA.
Usually I don't listen advices without explanation. So I don't stay away from Elliot indeed, I will learn them and I will decide to stay away or not. 
Just a bit of reminder that it's not a mandatory thing to learn especially for newbies. What they must build is experience. Learning those trading terms while still on newbie will just lead to so much confusion. Those terms will automatically be learned all the way.
Im not against those TA's but prior for newbies to learned that, they must understand that TA's especially on altcoins can be spoiled since they are heavily proned to manipulation and whales movement. Altcoins doesn't have a fixed correection and some of them are having a slow volume movement for a long period of time.
There are lots of people who become success in trades without knowing that in their early phase. What matters here is, people must understand the risks. Anyways it's a good reference that's why TA was part of my recipes when doing analysis.
Thanks for the share.
It will really give confusion but if they would really be serious on learning things up then they should embrace on such hardship on understanding it.You wont able to gain experience if you dont have any tools on how you do trade but you do have a point that it isnt really mandatory to learn up TA's but learning it as early as possible would really be a big help for you in your trading. Im not against those TA's but prior for newbies to learned that, they must understand that TA's especially on altcoins can be spoiled since they are heavily proned to manipulation and whales movement. Altcoins doesn't have a fixed correection and some of them are having a slow volume movement for a long period of time.
There are lots of people who become success in trades without knowing that in their early phase. What matters here is, people must understand the risks. Anyways it's a good reference that's why TA was part of my recipes when doing analysis.
Thanks for the share.
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.
Stay away from Elliot seriously, stick to support and resistance when you start TA.
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.
trading 212 is one of my favorite channels on youtube on the topic of trading and TA; I believe you should also include a link on moving averages and how to calculate risk and manage it, it's on the same channel.
thanks fir those links, i am still a learner, i hope i will be pro soon
adding this post from this user that i liked https://bitcointalksearch.org/topic/--3480090
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.
if you wonder what is that parabolic thing he is talking about
What's your opinion ? Which is better in the current state of the market ?
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 thank you for the merit
glad you liked my post you can subscribe to this channel it give lot of great videos but put in mind that crypto is a little different from stock exchangeTrading 212
- 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
- Support and Resistance
- Fibonacci Retracements
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
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.
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
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.
OP, I think, Elliot wave is too advanced for a newbie and instead Bollinger band should make the list.
I fully understand what I was saying. The point being, if someone is great at TA but can't act rationally because they don't have their emotions under control, they won't perform well. Someone who knows little of TA but acts rationally at all times will be better placed to succeed. Of course someone who's an expert in TA and rational will outperform them all.
Just a bit of reminder that it's not a mandatory thing to learn especially for newbies. What they must build is experience. Learning those trading terms while still on newbie will just lead to so much confusion. Those terms will automatically be learned all the way.
Im not against those TA's but prior for newbies to learned that, they must understand that TA's especially on altcoins can be spoiled since they are heavily proned to manipulation and whales movement. Altcoins doesn't have a fixed correection and some of them are having a slow volume movement for a long period of time.
There are lots of people who become success in trades without knowing that in their early phase. What matters here is, people must understand the risks. Anyways it's a good reference that's why TA was part of my recipes when doing analysis.
Thanks for the share.
Im not against those TA's but prior for newbies to learned that, they must understand that TA's especially on altcoins can be spoiled since they are heavily proned to manipulation and whales movement. Altcoins doesn't have a fixed correection and some of them are having a slow volume movement for a long period of time.
There are lots of people who become success in trades without knowing that in their early phase. What matters here is, people must understand the risks. Anyways it's a good reference that's why TA was part of my recipes when doing analysis.
Thanks for the share.
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
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.
OP, I think, Elliot wave is too advanced for a newbie and instead Bollinger band should make the list.
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
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
That's how it came across, I understand having some uncertainty in your decisions and wanting to be as sure as possible it is correct but there is no certainty and you have to learn to be bold and back your decisions. Emotion should factor in to every decision you make but it should not be the overriding factor.
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
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
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
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.
Fibonacci and Eliot waves is somehow an advance lesson for you to add up if you are really willing to learn on it.
yeah but we cant just stay newbies for life for me i learned them from a while and i know im using them in a superficial way since you need to combine other TA stuff as
well but 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
decision in trading for me .. also i think we should only focus on 1 or 2 tokens max in order to make successful trades ! or what you think
trend lines
Support and Resistance
Fibonacci and Eliot waves is somehow an advance lesson for you to add up if you are really willing to learn on it.
- 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
- Support and Resistance
- Fibonacci Retracements
or
https://www.youtube.com/embed/Ytr__kKKYBA
- Elliot waves
hhhh put video speed to 1.25
https://www.youtube.com/embed/bDLxjM_RnnM
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
[/list]update :
Now did you guys ever wonder what is sma and ema ? those blue, red and yellow lines ?
They are called moving average and they are a must to learn because they are helpful .
as usual its better to have an illustrated explanation from pro traders so enjoy those 2 videos ( i recommend to watch several times then go practice using trading view platform )
moving average explanation https://www.youtube.com/embed/4R2CDbw4g88
How to Trade Moving Averages https://www.youtube.com/embed/5rMkQurfxrE
update 2 :
time for you to learn another basic TA and this time its volume
volume is a must to know and you can confirm if the market movement is valid or no ( for example a pumped coin will have small volume but a high price change so stay away and dont get fomo on it )
so i picked 2 video to understand Volume Indicator that i hope you enjoy
Volume Indicator Trading Part 1 https://www.youtube.com/embed/wfySsU4JO3g
Volume Indicator Trading Part 2 https://www.youtube.com/embed/depNunVItWE
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