TechnicalAnalysis101
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Skill I’ve gained as a crypto noob🧠
(Quite a long read but hopefully it’s insightful)
As someone who is not experienced in technical analysis, ie drawing squiggly lines, adding indicators with weird names, understanding said indicators, spotting bullish/bearish patterns etc, I’ve gained what I believe to be one of the most important technical analysis method in price prediction.
That is to read the room. Spotting the support zone, resistance zone etc can be hard and confusing as a newcomer, so what I would recommend picking up is to understand that it’s probably a good time to sell when others are posting screenshots of the godly green candle (assuming you’re in profit) and especially a good time to DCA in when everyone is panicking. As Warren Buffett once said, “Be fearful when others are greedy, and be greedy when others are fearful.”
Going against the crowd has been a trustworthy indicator to me but as always, this is not financial advice. Find what’s best for you, immerse yourself into the crypto community, and notice the patterns. What works best for someone isn’t always what will work best for you.
Remember, time in the market beats timing the market most of the time. I hope this helped and good luck on your journey ahead!
#Write2Earn #skill #TechnicalAnalysis101
(Quite a long read but hopefully it’s insightful)
As someone who is not experienced in technical analysis, ie drawing squiggly lines, adding indicators with weird names, understanding said indicators, spotting bullish/bearish patterns etc, I’ve gained what I believe to be one of the most important technical analysis method in price prediction.
That is to read the room. Spotting the support zone, resistance zone etc can be hard and confusing as a newcomer, so what I would recommend picking up is to understand that it’s probably a good time to sell when others are posting screenshots of the godly green candle (assuming you’re in profit) and especially a good time to DCA in when everyone is panicking. As Warren Buffett once said, “Be fearful when others are greedy, and be greedy when others are fearful.”
Going against the crowd has been a trustworthy indicator to me but as always, this is not financial advice. Find what’s best for you, immerse yourself into the crypto community, and notice the patterns. What works best for someone isn’t always what will work best for you.
Remember, time in the market beats timing the market most of the time. I hope this helped and good luck on your journey ahead!
#Write2Earn #skill #TechnicalAnalysis101
Lesson 1: What Is Technical Analysis? | Technical Analysis Free Course
Lesson 1: What Is Technical Analysis?📈 Welcome to our first lesson in the Crypto Technical Analysis Course!Technical analysis is a method of evaluating securities by examining data generated from market activity. This data includes historical prices and trading volume. The primary goal of technical analysis is to predict the future direction of prices by studying past market data, mainly focusing on price and volume.Technical analysts believe that market trends, as depicted through charts and various technical indicators, can provide insights into future market activity. They utilize a range of tools and techniques to analyze the market and discover potential trading opportunities.One essential tool in technical analysis is the use of technical indicators. These are mathematical calculations based on market data, such as price and volume, used to forecast future price movements. Some common technical indicators include moving averages, the relative strength index (RSI), and the stochastic oscillator.Additionally, technical analysts rely on chart patterns to predict price movements. These patterns, like head and shoulders or triangles, form through the price action of a security and can help identify optimal buying and selling opportunities.As we delve deeper into this course, you'll gain a better understanding of how technical analysis can be a valuable tool for your crypto trading journey. Stay tuned for more lessons to come! 🚀 Don't Forget to Tab The Follow Button 🔘✅ so you will receive the next lesson " Key terms use in Technical Analysis". #TechnicalAnalysis101 #CryptoTradingCourse
