Topic: Technical analysis and its basics in cryptocurrency (Read 220 times)

My technical analysis is myself because of my experience every time I trade.
Experiencing the advantages and disadvantages is an absolute thing in trade.

But better yet when you when will rise its price and when to fall in price, so you benefit from your faithful trading Cryptocurrency.

Trading is a highly risky venture and you should not go into it without adequate knowledge on how to buy or sell coins at the right time and price.  Technical analysis is good but you can't succeed in trade with  technical analysis alone! You must be sensitive to fundamentals issues that are coming into the market for to make a trading decision.

Technical Analysis is a complete list of tools that are used predict the trends of any stock. Some of the most effective tool in the TA I think are the following.
1. Candlesticks: learning candlesticks and candlestick patterns is the first and foremost thing you will need when kicking off your journey into TA because you will need it at every step in TA.
2. Dow Theory Patters: Learning DOW theory is equally important because it gives you the patterns which can be formed on chart and various indications given by such patterns.
3. RSI: RSI or the relativity strength index is another important tool to know the strength of the market used in TA.
4. Volume: Volume gives you great insight about market and buyers choice.
5. Moving averages: The averages of the prices of different candles are another great tool for TA.

Learn these things at beginners level and you can be a great technical analyst.

Thank u, i hear u and i'm ready to trade!

You should use as many different indicators as possible and compare them with each other. I find patterns to be the most revealing. One of them is double top and double bottom. It always indicates a change of trend. Another good indicator is support. Price often bounces up and down at round numbers.

It seems to me that the Professional copes with this much easier than other participants in the crypto-currency business. In any case, no technical analysis will help a novice to make his work effective. In any case, everything depends on experience.

For each person will be clear and easy to use its own set of tools. Especially in every situation you need a different tool. As for me, I use figures of technical analysis, Ichimoku Cloud, Stochastic RCI. Also don't forget about candle stick analysis. The choice of tools is different depending on the situation. I can use the others, but I use these most often.

Trend lines are the best tools to be use in technical analysis. Learning how trends are drawn with various angles can make you make accurate predictions. With this you get to know support and resistance lines which is very helpful in determining where to enter and exit.

Like he said, if you are referring to an indicators then these BOllinger bands and RSI are accurate. But to tell you honestly, whales are hard to predict. I still didn't try Parabolic SAR. But I am using STOCHASTIC and RVGI. MACD are also useful as it aids as the trigger entry point. I'm still a starter that is why my TA (Technical Analysis) were most of the time fails. Hope I can cope up my loses and I still need to study more to boost my TA.

First : each trader has his/her own way , they way that i use could be useless for you , so try to find out which way suits you better
second : There are a lot of technical analysis tool that if i want to write i need to write pages , I suggest you check out some youtube videos , you will get it better when they explain with pictures .

best of luck.

All the tools mentioned above me are good tools. But keep in mind that it is your good mindset that is your best tool in trading. If I can add two more : 1) if it's a bear market, no technical tools work perfectly, you'll get rekt if you still bet on your technical analysis. This also applies if it's the other way around. 2) in crypto, sentiments analysis works better IMO.

There are certain things which are just like the pre- requisites of anything and that this technical analysis is exactly the similar kind of thing when it comes to that of the crypto currencies. you must be expert at it if you want to make some good earning from the investment which you have made in the crypto world as this will help you in understanding the market value of any of the crypto coin in a better way.

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.

I invested much time on trying to study technical analysis and it wasn't easy for me, after a while, I concluded that moving average indicators is a good way to start off your technical analysis, both simple moving average and exponential moving average to be exact. But also for me, candlesticks is always a good choice for you Technical Analysis but you have to study their patterns and strategies. Best of  luck in the crypto world bro!

maybe you need learn it from a book or online book search in google there many references about it and you can also try it on youtube lot video about beginner lesson for technical analysis. goodluck

there is much to know for beginners if you want to trade bitcoins and all of them above exist and correct , agree on that and just want to add some more explanation;

the first step is to research, the most important step of any investment opportunity is to examine the coins you want to buy. Taking this one step will get you ahead of the investors and the most forward traders. If you have done the research, go to the next step.
the second step is to choose the crypto you want, it may seem obvious, but you need to try to select the cryptocurrency you invested. take your time with this. there will always be new opportunities, so do not just plunge into the trade in an effort to catch the pumps alone.
the third step is to find the exchange, there are a number of seemingly endless exchange options. each consisting of pros and cons for different merchants as well as various coin listings available.
the fourth step is to choose a steady strategy. everyone has their own tactics, but they generally fall into one of the categories like, middle class Investors - you have a slightly higher risk tolerance than a long-term hodler. there may be coins that you hold for a while, but you also rebalance your portfolio every month or so. Your ownership may include a mixture of large and medium market capitalization caps. the point is that you make your own strategy, if you already know all four things immediately start trading. here are four basic trading techniques that I know, hopefully help.

I hear some analysis are good to observe the market and very useful to understand the market condition and helping to take a decision, So there are some analyzers point of view in
headings to analyze the market,

Trend Lines
Resistance and support levels
Moving Averages
Trading Volume
Not on the technical analysis alone
How to start and identify trends
How to start and identify trends,

news - news is more important than anything for me. we have many new trader so they dont care about chart or something they just wait good news. So if we can have good news before them that will be a good advantage for us

Yes technical analysis is basic of trading, all trader should be learn that first to understanding price action of crypto and make more easy to entry and exit from the market. And to learn it you can use platform of trading view and learn about some function of indikator in google or youtube. Apart of technical analysis is price pattern and candlestick pattern.

Trading is purely based on your mindset.To get more technical knowledge about crypto currency,you should spend lot of time in surfing.I think to get huge knowledge,nothing is wrong to spend some time.To succeed in a trade you have to practice it.If you had a fear,you can try with small investment from 10$.