Bitcoin Forum

Hello crypto communty.

I have written this article on what basic shapes you will see in regards to Technical analysis. I am looking for feedback on the article, also is there any particular topic you would like me to write about? The article is below, thanks for the feedback.

https://www.publish0x.com/crypto-101/technical-analysis-101-how-to-identify-market-patterns-xjjpgz?a=GELe3POa69

Also I would check out the platform that the article is written on. It's a new blogging platform where you get crypto for creating articles / upvoting articles. I have been using it for a month and I've already earned more than I had on Steemit.

I am not actually good in looking and reading technical analysis and though I have been with cryptocurrency for some years reading charts can still give me some vertigo. Nonetheless, you got a good article there which explained in plainer terms and words what this is all about. Thanks for sharing and I am also looking at the platform where the article is published...this must be a good competitor of Steem.

Been studying technical analysis for more than a year and do some work for a investment company for daily forex market movements.

Doing analysis for longer than i have traded, so im still developing trading skills, my biggest enemy being my own trading psychology and self sabotaging behaviors. Price action is my main analysis tool including time, trend analysis, fibonacci retracement for wave correction, classic support/resistance and some moving averages like 50, 100 and 200 EMA and  simple market structure patterns like trends and consolidation patterns like the article you have written.

One important factor that is not mentioned in your article is time. You want to see those patterns on a higher timeframe for them to have a higher probability of working. And people who use technical analysis for timing the market also need to learn about risk management and trading psychology. Every one has their own weaknesses, but first you need to find out what those are. Trading demo accounts takes off the edge for controlling emotions while trading, so i would suggest using extremely small amounts when starting and building up your risk tolerance as you learn how the market moves.

This is a good article explaining different chart patterns. Head and shoulder pattern, ascending/descending triangles and falling and rising wedges are indeep some of the good patterns in technical studies of charts.Aside to this double bottom (W) and double top (M) also plays a vital role. If all these patterns are combined with some convergences like PIN bar, Engulfing bar, dogi candle, it can be a good point of entry. Personally I love to trade based on chart patterns. Many analyst also use trend lines, channels to take and exit trades. It is a good article, keep up the good work.

It's a very good guide on technical analysis, it would be very useful for both newbies and experienced traders. I believe technical analysis is very useful in entering the market and getting out of it.

Thanks for sharing the blogging platform the article is written on, I've just signed up and i've earned quite a lot of tokens from it already. I would recommend the platform to anyone who wants to earn crypto.

This is a helpful article to make everyone who doesn't know how to read the charts.
This would make them understand a few things and maybe make some better decision when it comes to trading.
And of course thanks for sharing us this valuable information hope you could share more.

I'm not very good in technical analysis and I leave to hand over it to the experts. The behavior of this market is hard to predict whether you're very good at the charts, I see that very few people has the accurate prediction base on their technical analysis.

To be honest, I don't click the article and I doubt it that others did until they read this post of mine.

Great article, thanks for sharing the information with the community. There needs to be more articles like this to allow mass adoption.

Also thanks for sharing the blogging platform the article is on, i've signed up and i've already earned a decent amount of bouny0x / HYDRO tokens. It's great you get rewarded in tokens that actually are worth something and that you can exchange.

Not good at Technical Analysis on crypto but observing and studying but still can't grasp the idea. I have also observe that it is the whales that are manipulating the market so that TA would be useless for me. I just make it simple on my side, buy low and sell high then Hodl.

In the crypto, in my opinion, technical analysis does not work, the charts are far-fetched, and the prices just move randomly.

in any finance market technical and fundamental always work.profesional always use this methode to identify in which level they should start to buy.if any people its doesn't work maybe they don't understand about it.

seems you need to learn more about technical analysis my friend
because with this technical analysis you will know when the right time to enter the market and when the right time to exit the market in profit or in lost
and its work in crypto, because i use this kind of analysis  ;)

The article that you describe is pretty good and the content is weighty.  Almost all trading instruments use chart patterns because it has been proven to provide technical analysis that is quite accurate, but needs a lot of experience to be able to understand the pattern in the chart because of its subjective nature.

Technical analysis, not for me. I have a working system that I don't understand. But I believe it can work now. A few of my friends made very successful interpretations.

Technical analysis is just a more serious way of gambling. If a big order comes in or bad/good news arise, it's completely worthless. Especially crypto assets are highly volatile that they have their own environment and can't really rely on such things.

Maybe you can sell some of the charts with lines, clouds and so on in the future as art.  ;)

I am a fan of technical analysis where the most basic thing is support and resistance levels where we can place our entry and exit similarly other technical patterns like double top, double bottom, morning star, bullish engulfing, bearish engulfing and more are good ones to determine market movement.

Nice article, thanks for sharing the content with us.

Cheers for sharing the blogging platform the article is written on, signed up and already got hold of some tokens for simply upvoting an article (I've upvoted the article you shared as well).

I would recommend this website to all who want to earn tokens for free.

Nice article, there needs to be more articles like this to allow new users to adopt crypto, although this article is only the beginning when it comes to Technical Analysis.

Also thanks for sharing the blogging platform, I've been using it for a while and it's a great way to earn some crypto for free. I've already earned more than 6,000 HYDRO tokens and 1,500 Bounty0x tokens. It's nice to be able to earn a token that is listed on multiple exchanges as well as on CMC.

A well explained article but still there are a lot of other major and minor things to look for when predicting the market trend.
There is no sure shot way of predicting the market future but a good analysis would surely increase the probability of not failing.
There now are many resources that would do the analysis part for you. You just need to keep calm and diversify your investment.

For beginners, of course, this article is suitable. TA figures are only a small part of what can be described. For crypto assets, it should always be stated that liquidity is rather low. For some assets, this does not allow trading in an amount of more than a couple of hundred dollars in equivalent.
Based on my experience, I came to the conclusion that the support and resistance lines, as well as volumes, are important. The rest is for those who like to complicate their lives.

it is always a good idea to learn things such as technical analysis to be able to understand some markets but you should also understand that the altcoin market is not predictable or analyzable at all because of the domination of manipulators on this market.
when coins are only going up and down based on their pumps and dumps, there is no way you could analyze that coin with technical analysis and come up with a decent speculation.

I highly recommend the free online Babypips (https://www.babypips.com/learn/forex) course. Though it deals primarily with the forex market, the concepts in the course are also applicable to a large degree to the crypto industry.

to be able to master the basics of reading charts in analyzing prices can not be one or two days, need to be supported by real practice. So the more you read, the more you will understand. I think this article can be used as a reference. It looks like Publish0x is new, if you get more from Steemit I feel interested. You should focus on topics that you like, from there  you will grow and better.

I personally like rejection candles which you can also call pin bars or reversal, they can easily help us to understand further market movements especially if there is good volume behind these pin bars.

I agree, the time frame for reviewing and understanding this patterned needs to have more studying and reading practices, the article should be followed by more supporting facts, it can serve as basis for traders who seeking for a good form and trace it out and use in their owned portfolios, trading patterns can be multiple combinations or simply a one sided basis depends on how you trust your judgement.

No matter what I still think that cryptocurrency is very risky. And learning technical analysis is not going to help me in any way, because those that are being regarded as the experts and they are the ones everyone looks up to, but they will still do an analysis and it will come out 100% wrong. So how will I then be perfect in it when i know zero about anything that has to do with cryptocurrency? I don't even know if cryptocurrency can be predicted, I'm starting to think it all just has to do with luck and has nothing to do with prediction.

You have a very wise and bright analysis because you already think that pattern idea. But I think this will never a good basis because all we know that crypto price is very knave so when you see that image in the price chart we can't use it as a basis because any image may form. It is not about the analysis of price but it is all about in the strategies.

Very interesting read, thanks for sharing the content with us.

Can you write an article on how to keep your crypto safe? I like how you write and you are good at making topics that are quite complex / uncommon simple and easy to understand.

Also great find with the blogging platform, i've signed up to that as well, they have over 9,000 signups and growing, i think they will take the crown of blogging platforms soon from Steemit.

Technical analysis may be good at times but mostly they are most effective in times like this, wherein the market is healthy and green. The bulls are out there in the market. But still, technical analysis are not that sure due to the unpredictability of the market and prices of cryptocurrency are based on speculations.

Great article, keep up the great work.

There needs to be more articles like this to allow more people to be welcome to the crypto world.

Also thanks for sharing the blogging platform, its great and i've been using it for a few weeks, i've earned quite a decent amount of Bounty0x and HYDRO tokens and also today they have added another token DAI which is not just a stablecoin, but also in the top 100 tokens on CoinMarketCap. You can sign up to the platform by clicking on the blog article.

Many people has said this and that is because they did not really understand how to identified patterns and charting formations. Cryptocurrencies obey all the laws of technical analysis and I have back test this and it works. However, because some traders did not have desired knowledge to interpret the technical indicators and how to combine them and make an informed trading decision, they always name it to be bad.
op I have read part of the article and it is really educative and interesting.

Great article, thanks for sharing it.

Sidenote, I recommend that  also check out the platform the article is posted on, you can earn 3 strong tokens for simply upvoting articles and creating content. I think they will become bigger than Steemit in regards to users and earnings in the future. Yesterday they added DAI (a stable token in the top 100 tokens listed on CoinMarketCap. I would recommend you sign up to it.

I have already studied many different articles about technical analysis, but still can't guess. It's easier for me to trade on the news.

I will have to go through it, although am not a technical person. I have always known that without technical analysis, a trader is going nowhere. But some coins don't follow technical analysis, why is this so?

yes because demand and supply in the global market depends on how the user is. so technical analysis does not always support prices in the market and we can only make it a basis for observing or determining the movement of a coin price.

I would think this is a sort of advert but well what do I know and beside you earning more from the platform you are referring to should not be generalized to other I have been on steemit for a while now and I have seen people earn from the articles they make but first you have to at least have a good level of reputation and your article ought to be great

There are many development projects based on Blog or social networks. But all failed or could not continue to grow. Like publish0x, Steem gives you a great platform with your Blog development, and you can earn rewards through articles. Articles that reach many people bring many bonuses to writers.