Topic: Introduction to Crypto Technical Analysis - Trade Your Coins Wisely - page 2. (Read 388 times)

In reality, that's just how it works. TA would just improve your chances with predicting the possible movement. It's hard predicting that. It's better than knowing nothing and blindly going in on a trade.

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There are a lot of people showing actual results and you might believe them. What I'm basically doing it showing enough stuff that traders use. If they want to trade automatically I will support you especially when you buy Gunbot from me,  but if you didn't, then it's not my loss. I'm just sharing how you could do TA. I'm not even forcing anyone to buy. Lol, that's the funny part.

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It is the challenge that every newbie will undergo, knowing different types of indicators, how to use it, what does it indicate, etc. With the use of a Trading tool like Gunbot, it makes learning easier and how you could utilize different indicators and strategies.

This one is educational and informative. It would be a guide for new traders these days especially those who are looking for helpful tools to learn about trading. Technical analysis is important in trading and if is being used by pro traders but even new traders could learn about it.

10 years ago when I started trading I viewed all those PDFs, audiobooks, ebook, seminar videos, courses, etc from "professional traders" and basically what I found is this.

Most of the people who were selling books to teach trading, never actually made any money trading. However they were good marketers and sometimes were good teachers.

The traders who know how to make money on their own, they don't waste their time selling ebooks when they can make 10x as much just by trading themselves.

I started to disbelief that TA really works for such emotional, news driven and manipulated markets like the whole crypto market. I used to follow some well known analysts, none of them could predict the recent breakout from 4k to 5k. All of them are at best 50% right with their predictions, so its just plain guessing in my opinion

But thank you very much for your guide, very informative if someone wants to get into TA!

More guides will go up for sure, I'm planning to write a lot of topics that could cover a lot of trading basics.

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This is not a selling post, it's an educational one. If you can't understand the difference, it's not on me.

If you are interested, I could provide you evidence if you want. Then if you are just interested in numbers, then you have no knowledge at all in trading. You need to learn more about this topic than I do.

Same as you. I hope you understand I'm trying to share knowledge and it so happens to coincide with the tool that I use.

VERY GOOD, HAHAHAA SO TRUE  +1

No need actually yet everyone can post up these informations which wont need or necessary for them to post up their profitability.If they do then they wont surely mind on posting something useful.
Im not a technical type of trader but sometimes i do make use of these indicators.

Thanks for the great strategies i will surely follow the blog for more on this and i hope it helps those with a feeling of getting into trade probably the best start up guide i have come across

I believe that traders should use all aspects of trading, this will help to trade most successfully. I also very often focus on stochastics, it helps me a lot.

Best evidence ads you can do and understand crypto market would be a link to your portfolio, otherwise it's just a lyric

I'm going to establish a series that would be helpful towards everyone who is getting into Trading. I also posted this in my blog, so it might be similar or the same content. This could be helpful towards beginners and even the veterans. It could help you refresh your memory or something you may not have encountered. Hoping this could help you guys.

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Introduction to Crypto Technical Analysis

When analyzing cryptocurrencies or any other kind of investment, there are two main ways to perform an analysis

• Fundamental analysis -  aims to assess the value of the cryptocurrency by exploring the underlying metrics of the project to determine if it is a good investment. This involves checking the whitepaper, use cases, project roadmap, the team behind it and other variables.
  
• Technical analysis- follows the set of rules and predictions based on the historical price data in order to predict the future price movements.

We're going to talk about Technical Analysis and the most common things that you need to understand the world of cryptocurrency trading.

Technical analysis (TA) is a methodology for evaluation of investments which involves a statistical analysis of market activity. These are the tools you need in order to have a successful analysis of the price charts. It helps you make educated guesses where possible price movements could go.

• Charting Lines
• Patterns
• Indicators and Oscillators

TA is based on three underlying assumptions:

• Price moves in trends
• The market discounts everything
• History tends to repeat itself

Who is Responsible for Technical Analysis?

Technical Analysis was developed by a large number of contributing individuals, mainly by scholars with knowledge and interest in the economy, finance, and mathematics. A lot of successful traders also contributed, as they dissected the markets from every angle imaginable to gain the upper hand and get the indicators that are clear and easy to use.

An example below is shown


Stochastic RSI gives us information if the market is overbought or oversold.

• Overbought: A situation where the coin is trading above its true value, without any fundamental reasons. For example, if the coin's price is rising without any reason (partnerships, improvements, other events) then it would be wise to sell it, as we can expect a pullback towards its true value.
• Oversold: A situation where an asset is trading below its true value, typically due to panic selling or market overreaction. This is the best time to invest in the coin, as its current price is below its true value.

This is just one of the indicators supported by Gunbot and there are a lot more.

You could take advantage of this knowledge and make it automatic. Have your profits and never miss an opportunity with the market.

Don't hesitate to message me here or in Telegram.

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[1] https://gunbot.ph/introduction-to-crypto-technical-analysis-trade-your-coins-wisely/
[2] https://gunbot.ph/technical-analysis-guide-for-crypto/