It is wrong to teach with complex terminology
Therefore, the analysis of today's asset will be as simple as possible in explanations.
Before the analysis, it is necessary to understand — what exactly we will be analyzing.
I prefer to open favorite crypto-aggregators and choose among the leaders of growth or decline: for an hour or a day.
— CoinMarketCap
— CoinGecko
— CryptoBubbles
It is better to use CryptoBubbles, as it will be the most practical and intuitive for beginners.
Then we will use the TradingView program
Download for Windows
Download for MacOS
There are versions for phones too, but in my opinion, this is quite a field condition.
It is recommended to use full-format versions.
In TradingView, you need to add the indicators we talked about in the previous post. We use two, as the free version allows only two active indicators.
And now we analyze the combination of indicators.
— If the asset exceeds the upper boundary of the standard deviation, we will enter a short position.
— If the asset falls below the lower boundary of the standard deviation, we will enter a long position.
The exit point will be the moving 'fair' price. In the center of the channel.
For complete confidence and personal verification, it is better to wait for confirmation from MACD, on which convergence will appear followed by the crossing of exponential moving averages.
Setting goals and searching for prices for fixation will be left for later. First, try to find entry points. But for those who do not wish to learn, the goal for $HIVE has been set.
What do you think of the approach and information?
🪙 — Difficult, even easier!
🔥 — Everything is great, understood!
T.me/btc_inside_vip