what is price action?

Price action is the movement of the price of an asset over time. In the context of cryptocurrency, price action is often used to identify trends, patterns, and support and resistance levels. This information can then be used to make trading decisions.

There are a number of different ways to analyze price action. Some traders prefer to use simple charts and look for basic patterns, such as support and resistance levels, trendlines, and breakouts. Others use more complex indicators, such as moving averages, Bollinger bands, and Fibonacci retracements.

There is no one right way to analyze price action. The best approach will vary depending on the trader's individual trading style and preferences. However, all price action traders should have a solid understanding of the basics of technical analysis.