Technical Analysis of Cryptocurrency

[Golden9]

Technical analysis is one way to study how the price of a coin or token moves and predict what will happen in the future so you can make a profitable trade.

There are many tools you can use, but the most basic thing in technical analysis is reading of price charts, most especially the candlestick charts.

Some traders solely trade this way, while some use fundamental analysis too to study the market.

 

[gammarays]

Candle sticks are the most popular tools in trading analysis. The movement of buys and sells can determine whether the market is pumping or dumping. However, one needs to be disciplined with trade.

 

[Imran Noori]

Technical analysis is one way to study how the price of a coin or token moves and predict what will happen in the future so you can make a profitable trade.

There are many tools you can use, but the most basic thing in technical analysis is reading of price charts, most especially the candlestick charts.

Some traders solely trade this way, while some use fundamental analysis too to study the market.

I think both are important for a trade, technical analysis and fundamental analysis.

 

[nomad]

There are a couple of things that you need to take care of while investing in crypto, one, circulating supply, two, max supply, three, market cape, four, usability, and five price history.

 

[Suba]

Crypto technical analysis is a method for predicting crypto prices as seen from price movements. In general, crypto traders use the candlestick price chart method, determining support and resistance levels, etc.

 

[Reedex]

Technical analysis is a very important aspect of trading and you must gain the experience..

 

[Yohanna]

There is absolute need to carry out technical analysis on cryptocurrency investment.

 

[Imran Noori]

There is absolute need to carry out technical analysis on cryptocurrency investment.

You are right, applying technical analysis while trading cryptocurrency will help you alot to predict the next move of the cryptocurrency that you have invested in. Trading is related with learning.

 

[Suba]

Before you study the elements and technical indicators, you should know the basic principles and assumptions of technical analysis, such as history tends to repeat itself, crypto prices are a reflection of various factors, price movements are market trends.

 

[Smalto]

Technical analysis is one way to study how the price of a coin or token moves and predict what will happen in the future so you can make a profitable trade.

There are many tools you can use, but the most basic thing in technical analysis is reading of price charts, most especially the candlestick charts.

Some traders solely trade this way, while some use fundamental analysis too to study the market.

Thanks very much, any trader that wants to make some profits with cryptocurrency must endeavour to properly learn technical analysis thoroughly in order to know how to position his or her trade and also to also help make informed decisions.

 

[Suba]

Thanks very much, any trader that wants to make some profits with cryptocurrency must endeavour to properly learn technical analysis thoroughly in order to know how to position his or her trade and also to also help make informed decisions.

To be a successful crypto trader you must master the basics of crypto trading including technical and fundamental analysis, sentiment and market psychology and risk management. Beginner traders also need to study technical analysis indicators.

 

[Smalto]

Technical analysis is one way to study how the price of a coin or token moves and predict what will happen in the future so you can make a profitable trade.

There are many tools you can use, but the most basic thing in technical analysis is reading of price charts, most especially the candlestick charts.

Some traders solely trade this way, while some use fundamental analysis too to study the market.

I really want to learn both technical analysis and fundamental analysis, I have searched all through the internet in order to get a grasp of it, but I'm yet to get any platform or tutorials that can make me fully understand it.

 

[Yohanna]

The cryptocurrency technical analysis is very important because it's what is going to make you gain more money in cryotocurrency investment.

 

[Suba]

The cryptocurrency technical analysis is very important because it's what is going to make you gain more money in cryotocurrency investment.

When studying technical analysis, traders also need to know the basic principles of technical analysis, indicators and price patterns, and more importantly, practice on a demo account first before trying it on a real account.

 

[Stardom22]

Crypto currency is game of probability and predictions. Therefore when you have good skills in the technical analysis, interpretation of the indicators, price patterns and robust experience with the demo account, one can do well in the Crypto currency trading.

 

[fcbetting]

Technical analysis is for people who can sit all day and follow charts. If you don't have so much time better choose some other method. Technical analysis is best for profesional traders.

 

[Suba]

Crypto currency is game of probability and predictions. Therefore when you have good skills in the technical analysis, interpretation of the indicators, price patterns and robust experience with the demo account, one can do well in the Crypto currency trading.

You are right, we have to test our technical analysis skills first, which we understand on a demo account, which is available on almost every exchange, so that even if we lose, we don't lose real money.

 

[Yohanna]

Technical analysis is for people who can sit all day and follow charts. If you don't have so much time better choose some other method. Technical analysis is best for profesional traders.

Technical analysis require a lot of time and a lot of patience as well.

 

[Suba]

Technical analysis require a lot of time and a lot of patience as well.

If you need a lot of time to analyze or predict crypto prices, maybe before you finish analyzing the price has changed, you must be able to act quickly to get the right price forecast both when buying and selling.

 

[Yohanna]

If you need a lot of time to analyze or predict crypto prices, maybe before you finish analyzing the price has changed, you must be able to act quickly to get the right price forecast both when buying and selling.

Well, analysis is done on the crypto chart and you will follow the movement as you make your prediction.