Bitcoin Forum

hey  guys  am not saying am pro or something  am also a newbie  :)  and  i found that  those  4    TA basis   are  so great and can be helpful in   your trading   and am so sure that

lot of people dont know them  ( newbie  or lazy xd )   so  i hope you learn them , master them  and move to a higher level

since am not a good explainer   i will just refer you to a YouTube video  :)  
 

• trend lines  

https://www.youtube.com/embed/-PPkTLov6VY (https://www.youtube.com/embed/-PPkTLov6VY)

• Support and Resistance

https://www.youtube.com/embed/B8-_Mxz0Weg (https://www.youtube.com/embed/B8-_Mxz0Weg)

• Fibonacci Retracements

https://www.youtube.com/embed/Kz6-8nQLRHM (https://www.youtube.com/embed/Kz6-8nQLRHM)
or
https://www.youtube.com/embed/Ytr__kKKYBA
 (https://www.youtube.com/embed/Ytr__kKKYBA)

• Elliot waves  

 hhhh put video speed to 1.25
https://www.youtube.com/embed/bDLxjM_RnnM





Edit
and in order to  practice every new TA skill you learn  visit this great and free website  https://www.tradingview.com/markets/cryptocurrencies/ (https://www.tradingview.com/markets/cryptocurrencies/)    also you can follow  some traders  analysis  there   but  never trust anyone on your money they are  sometimes  wrong  or  the precise  description  is  the use of TA  with a subjective way like forcing it  to see what we want  while  TA  must be used in an objective wave  combined to lot of other things  which the simplest is  news   like my friend say  buy the fud and sell the news  hhhh ;D

hope you enjoy learning  and  also i will be glad if more experienced traders  share in this topic  some advices or trading strategies   ;D  [/list]

update :  

Now did you guys ever wonder what is sma and ema ?  those  blue, red and yellow lines ?    
They are called moving average and they are a must to learn  because they are helpful  .

as usual its better to have an illustrated explanation from pro traders  so enjoy  those 2 videos ( i recommend to watch several times  then go practice using trading view platform )

moving average explanation      https://www.youtube.com/embed/4R2CDbw4g88 (https://www.youtube.com/embed/4R2CDbw4g88)

How to Trade Moving Averages                                https://www.youtube.com/embed/5rMkQurfxrE (https://www.youtube.com/embed/5rMkQurfxrE)

update 2 :

time for you to learn another  basic TA  and this time  its  volume  

volume is a must to know  and you can confirm if the  market movement is valid or no  ( for example  a pumped coin will have small volume but a high price change   so stay away and dont get fomo on it  )

so  i picked 2 video to understand Volume Indicator that i hope you enjoy  


Volume Indicator Trading Part 1   https://www.youtube.com/embed/wfySsU4JO3g (https://www.youtube.com/embed/wfySsU4JO3g)


Volume Indicator Trading Part 2    https://www.youtube.com/embed/depNunVItWE (https://www.youtube.com/embed/depNunVItWE)

These two things are just enough for a newbie to start up trading which support and resistance identification and trend lines can really help you to identify which price and when you will enter once you do have an analysis basing on what you do see on your TA. Might not really be accurate into crypto trading but its better yet you do have already the basis towards into your possible actions.

Fibonacci and Eliot waves is somehow an advance lesson for you to add up if you are really willing to learn on it.

yeah  but  we cant just  stay newbies for life  for me i learned  them  from a while  and i know  im using them in a superficial  way  since you need to combine  other TA  stuff as

well   but  i already used  fib in some trades   and it  work  in some  but  the main problem  i face  is the stress and whether  i  buy or sell   ..  taking  a decision is  the hardest

decision  in trading   for me  .. also  i think  we should only focus on 1 or 2  tokens max  in order to make successful trades   !  or what you think

No amount of TA and skill in reading the markets will be able to allow you to outperform someone who has their emotions under control. IF decisions are difficult for you then you probably have too much money invested in to cryptocurrency and you need to reevaluate.

no  just  new to  the business  and trying to get used to it :)  am not  a panic seller if you wonder  i am  basically holding rn   but  the idea of trading  is  making more money which

we are discussing here   while   trading using emotion is something else like fud .. fomo ..  panic sell  and etc    thats what i think  anyway :)

That's how it came across, I understand having some uncertainty in your decisions and wanting to be as sure as possible it is correct but there is no certainty and you have to learn to be bold and back your decisions. Emotion should factor in to every decision you make but it should not be the overriding factor.

Do you really understand what you're saying and what would you be putting your emotions under control for if not to follow the dictates of your studies and market analysis? You can say that some trading tools are better suited than others, especially when a trader is able to effectively put them to use, but it's unfortunate may traders especially newbies are so much in the hurry and miss to see the place of making informed trading decisions.

OP, I think, Elliot wave is too advanced for a newbie and instead Bollinger band should make the list.

Just a bit of reminder that it's not a mandatory thing to learn especially for newbies. What they must build is experience. Learning those trading terms while still on newbie will just lead to so much confusion. Those terms will automatically be learned all the way.

Im not against those TA's but prior for newbies to learned that, they must understand that TA's especially on altcoins can be spoiled since they are heavily proned to manipulation and whales movement. Altcoins doesn't have a fixed correection and some of them are having a slow volume movement for a long period of time.

There are lots of people who become success in trades without knowing that in their early phase. What matters here is, people must understand the risks. Anyways it's a good reference that's why TA was part of my recipes when doing analysis.

Thanks for the share.

I fully understand what I was saying. The point being, if someone is great at TA but can't act rationally because they don't have their emotions under control, they won't perform well. Someone who knows little of TA but acts rationally at all times will be better placed to succeed. Of course someone who's an expert in TA and rational will outperform them all.

Nice post OP, the first three TA tools are the most basic tools although Elliot waves are something new to me. I think this will be very big help to me to improve my TA skills. Please continue share this kind of post here in our forum. Nice job for these I will give you some merit.

hey thank you for the merit  ;D glad you liked my post   you can  subscribe to this channel  it give lot of great videos   but  put in mind that crypto is a little different from stock exchange
 
Trading 212 (https://www.youtube.com/channel/UCfWQuGYMfhZk9qq5x00sb9w)

adding this post from this user that i liked   https://bitcointalk.org/index.php?topic=3480090.msg36104883#msg36104883 (https://bitcointalk.org/index.php?topic=3480090.msg36104883#msg36104883)


if  you wonder what is that parabolic thing he is talking about  
https://4.bp.blogspot.com/-Ir_mQGIQJbo/WeJb-2RyDcI/AAAAAAAAAic/Sj6tGHTFlFk3hMEOhnS1EeY7jffxfxaLACLcBGAs/s1600/OXB_20171014_c.png

thanks fir those links, i am still a learner, i hope i will be pro soon

trading 212 is one of my favorite channels on youtube on the topic of trading and TA; I believe you should also include a link on moving averages and how to calculate risk and manage it, it's on the same channel.

I expect a better explanation about elliot waves. There are more details in that theory such as length of lines. Also there are other minor waves in the bigger waves. They should be explained too.

Stay away from Elliot seriously, stick to support and resistance when you start TA.

It will really give confusion but if they would really be serious on learning things up then they should embrace on such hardship on understanding it.You wont able to gain experience if you dont have any tools on how you do trade but you do have a point that it isnt really mandatory to learn up TA's but learning it as early as possible would really be a big help for you in your trading.

Usually I don't listen advices without explanation. So I don't stay away from Elliot indeed, I will learn them and I will decide to stay away or not.

updated  ( moving average part )

Yep! maybe i can try this.  ::) BTCBTCBTCBTC

updated  ( volume indicator part  )

great job dev and it really helps me once to learn trading.

but I'm sure all markets can not be predicted and can not be manipulated by some parties, because Bitcoin is impartial to anyone and in the property of each individual

so, it can be said that if Bitcoin will rise when there News and Bitcoin will go down when there FUD.

I want to quote it because I want to return back the videos you have shared to this thread. I feel that I won't watched eversince but I usually watch trading tools and techniques ever before. Thanks for sharing it, atleast the newbies here in trading will unlock their confusion about how chart moves up and down, they will also know that price is predicted because of these TA tools. I hope they appreciate it.

All these technical analysis are good for beginners but I recommend learning from fundamentals rather and adding it to the analysis derived from technical indicators. With this approach, a newbie can see the market in full and make a good trading decision.

TA is helpful tool in decision making, although it is not  accurately predicted, because the price movement is very dependent in some  issues that can
 affect the integrity of the currency, TA some what considered it as one of the factors.

[/list]

All the people that just do not want ot learn TA, are the first ones who are gonna lose all their money because of this, it is more than a MUST if you are a new trader

For my reference, all indicators presented are valid on liquid trading which is in crypto consist of Bitcoin and Ethereum. For other crypto, I feel the technical analysis should be modified accordingly since the liquidity. The indicators are based on statistic, so if the data is not too many means the liquidity is low then just use the modified TA such as volume in sell wall or buy wall.

These are the basics as far as TA is concerned in trading in fact resistance, support and trend lines has been very helpful plus Candlestick patterns formed at those zones e.g hammers, bullish or bearish engulfing bars and pin bars, these are very profitable candles which can aid perfect trading system, and avoiding all those colourful indicators that lags with the price.

I disagree it's a must and I also disagree that it guarantees success but it really helps people to have a better chance of succeeding with their trades. For the little time and effort it takes to learn it's really worthwhile doing.

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.

Actually all basics information or information should be learn by the newbies,
because in order to obtained a great career for them in this field them should be guided so there are in the right path.

Thanks for the references. I like coral trend indicator but it is really slow. We can't understand when it will drop.. So if you suggest something better, I will take a look. Thanks!

I fully agree. In fact, I think the most important thing is to be able to identify resistances and supports or supply and demand levels. If a newbie can master identifying those, it is enough already for good success. IMO, other stuff would all be used as a catalyst to confirm or reject a hypothesis of how price will react to the support/resistance it's approaching.

honestly I think that a newb should focus a lot more on pure price action than elliot waves, there's just too many ways to interpret them in order to make it a reliable tactic for trading

Knowledge about technical analysis in trading is very helpfull to decide best entry and exit point from the market, but in trading we need not only knowledge about TA, but also management of money and risk and also keep patient wait for best entry. So combination of knowledge about TA + risk management + psycology of trading is should be to learn to become expert trader who possible to earn profit in consistently.

I think that is great, like what do other people says “life is a continuous process” : learning new things will help  the newbies to obtained new discoveries and adventures that can help them in their journey.