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Hi everybody,

every top trader places high value on technical analysis knowledge and its application. for everyone that aims to be a successful trader must learn to study and understand technical analysis so as to be able to sigh read charts , interprete and place trades. please kindly share some tips and material links, journals for newbies and anyone who wants to brush up their knowledge on technical analysis.
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Thx.

Topic: Trading books recommendation https://bitcointalk.org/index.php?topic=5327419.0%3Ball
Topic: Looking for guides on Cryptocurrency Trading https://bitcointalk.org/index.php?topic=4493765
Topic: Trading guides,books,articles whatever https://bitcointalk.org/index.php?topic=5253931.0;all
Topic: A good book to learn how to trade. https://bitcointalk.org/index.php?topic=5225644.0
Topic: Any books you can recommend me about trading practices? https://bitcointalk.org/index.php?topic=2084978.0;all

A word of advise to support it that technical analysis is the most proficient way to study and trade on the market. Technical analysis are charts that shows a trader happenings in the past and with that chart pattern, you can use it to project or speculate on the next market direction. It is very crucial to your trading success and can never be swept away. Usually traders study their chart for the starting of the week to create their set-up for the week. As a trader, technical analysis is very helpful to better trading experience. They give you an edge in the market.

making technical analysis is not that hard mate if you have so much time to invest in it to study the graph or let say market. and to be honest through youtube you can easily get some information how it really works.. Just search how to use "Demand and supply" for sure this one can help you.because it's the most popular strategy when it comes trading.,  wherein you can easily determine where traders is selling and buying. So its not that hard to make technical analysis if you have such strategy.. Indeed that's what im using even in just small time frame.. So far all my trade is good. ;)

@mk4 has pretty much covered all the links that have very resourceful information towards your effort to learning technical analysis

I will also speak from experience. I learned my technical analysis through watching lots of youtube videos from other traders. One of the youtubers I can recommend is Koroush AK

He has playlists of videos that can help you learn technical analysis, like Technical Analysis Course For Beginners (https://www.youtube.com/playlist?list=PLfs71TITjLv3tM_vAHQO22hJi5O1X76hu)

Keep in mind that technical analysis won’t help you alone. Basically at any point in time on the chart with price there is some indicator that is selling you to buy and sell at the same time. You need another reason why.

My advice follow the general trend, also look at fundamental. And what really seems to work in crypto is looking at the funding rate. When too many people are bearish at the bottom, go long. When too many people bullish at the top go short or at least don’t buy at that time.

If it was just as easy as looking at a moving average then everybody would be trading and the markets wouldn’t exist.

Of course, technical analysis is a very important skill that every newbie trader is meant to acquire before they start trading. But there’s usually a misconception that I see among newbie traders; they think that after learning technical analysis that there will be nothing like loss again for them when it comes to trading. But that is not the truth, technical analysis will only let you see the opportunities, and then you take that opportunity to make profit from the market. It doesn’t guarantee that you will be making profit 100% of the time that you place a trade.

But, the good thing is that it will help you to improve, and your chances of making profit in the market will be very, very high. As for how you will learn technical analysis, there are lots of websites that you can make use of, some of them you have to pay for it, while some of them are being offered for free. You can check out dailyFX, or you check out investopedia.com and search for articles on technical analysis.

Finish the courses on Babypips.com and you'll find out that you do able to learn various technical analysis from basic candle sticks reading from
techinical indicators on trends and other stuffs.

This is the place on where i do start up on learning when im still on learning forex which i could say to be very helpful but if you
arent really that much into reading then you could check out some YT vids.

Choose into those known mentors and teachers about technical stuff.

The technical analysis is an important part of trading which helps a trader not to depend more on news and other fundamental factors. The technical analysis is one of the important part in trading because it has varieties of tools one can use to set up a trade and maximize one's strategy. Technical analysis is just like the fundamentals of trading. It contains candle stick analysis, trend lines etc.

You should know that although learning Technical Analysis could help in case of more realistic markets like legacy markets such as Stock market, Gold and other precious metals, etc. or bitcoin market but TA doesn't exactly work in smaller unpredictable markets such as the traditional penny stocks or the heavily manipulated altcoin market.

In addition, know that trading is highly risky, beginners are most vulnerable to lose. Be very careful, never use the money you can not afford to lose for trading because there is high tendency that beginners will lose. Some will gain but later lose during big market price crash. You will have to start by taking look at the candle stick chart on an exchange, you will be able to see the price a market opens and closes in minutes or hours by selecting the time period yourself, also you will be able to see the highest price and the lowest price within the time you chose. Just try first begin with low amount of money for long period of time, you have high chance to lose it. Many exchanges have videos and articles that can help you. You can also google search anything you do not know, or ask on this trading board for some experienced members to help you out.

Books are very good. But not all books are written by real successful traders, most of them are written by ordinary people who wanted to make money on it. The path of a normal real trader is through practice on the stock exchanges, but of course with minimal knowledge of the theoretical part.

It's one of the important thing that every crypto trader will look but its not the only thing can make us a profitable trader, even the stock market with century of data is not giving the price movements accurately so we can't expect a lot from the movement of cryptocurrencies will move in the same way as did in the past.

Technicall analysis is the most important part of trading if we know this I am sure we can get a great benefit but sometimes Technicall analysis not working when any bad news coming in Market so I recommend we need to know both things

What I see most of the time is that people themselves make technical analysis way more complex than what it should be, it is not rare to see a person using 20 indicators at the same time to try to predict what is the market about to do next.

And the problem with this is that with so many indicators you will get contradictory signals, and this could make you doubt about what you are supposed to do, when in theory technical analysis should help you and not hinder you when it comes to taking those decisions.

I can share with you the thread I created before here in the forum.
One of the Best Weapons in Trading (https://bitcointalk.org/index.php?topic=5173189.msg52086364#msg52086364)

This is about risk management, typically stop-loss. How important stop loss is and it will help you to become a good trader because one of the most mistakes of newbies on trading is about risk management like they don't do stop loss.

Technical analysis won't work alone without fundamental analysis, you should have many resources and indicators so that you can compare those stuff and make a final analysis on your own.  Knowing them all is the best weapon in trading and of course, the experience will also consider is the best teacher in trading that you should obtain skills and knowledge.

I tend to agree, plus a trading plan is a perfect combination.

This market doesnt only rely with Fundamentals or news thats why it would really be that just right that you would go to the very common aspect on which you would really be focusing on learning technicals because not all the times we do able to see some news or events which will affect the market.

Doesnt really need for your chart to be flooded out with indicators.
1. RSI
2. MACD
3. Trend lines
4. Support and Resistance

These are my common indicators which ive been mastering.
You could read up a particular possible entry if you are experienced enough or simply could make naked trades.

Fundamental analysis covers news related to cryptocurrencies which I believe moves the market thus every crypto traders must get latest update of crypto news meanwhile knowledge in technical analysis enables a trader to predict the beginning, end and continuation of a trend with regards to price with combination of indicators and candlestick patterns, though this might not be accurate at all times however having an indept knowledge in it give a trader an edge over the market coupled with money management.

yes of course, the technical analysis is a key for fundamental knowledge at trading, we can use trading analysis some indicator and read the chart from history to make a decision like buy or sell, im still learing about Technical analysis too, i think we can learn about technical analysis from youtube, or some ebook that available on the ebook store, from that refference we can study and learn about fundamental techincal analysis and anything about trading,

Technical analysis can work on its own and many traders prefer to use technical analysis exclusively to try to understand what the markets will do.

The reason for this most of the time has to do with the fact that even if you use fundamental analysis and you are good at it, it cannot tell you when a movement is going to begin or how big it will be, at best fundamental analysis will give you an idea of the direction the market will take but not of the magnitude of the movement, so many traders prefer to concentrate exclusively on technical analysis as this is something technical analysis can tell you.

no doubt that technical analysis is essential in this cryptocurrency market, but also due to the great manipulation that exists in this cryptocurrency market, not all altcoins will be able to make a profit by doing technical analysis, this pump and dump scheme and any news influencing the market immediately makes technical analysis inefficient in this market

Well, maybe not that hard as you implied because the real trading transcends knowing TA and into practical reality of first hand trading in real life. This is why a lot of traders aren't profitable despite knowing how to draw the TA lines and all that. Trading is an emotional thing. Any trader who wants to be profitable must have a solid grip on their emotions (fear and excitement) armed with knowledge of TA. Otherwise, they will just be gambling instead of trading.

Market manipulation isn't exclusive to cryptos alone. All markets have their fair share of it, be it Forex Trading, Binary or even stocks; they all have it. Come to think of it, it's better to be armed with something going to war than nothing at all. TA is still important even in the face of perceived manipulation.

technical analysis is perfect for short term trading on major coins, at least that's what I'm doing right now. this will be difficult to do for new projects which are easier to manipulate and it is true that the news will psychologically make investors to carry out activities simultaneously, so it is very easy for pumps and dumps to occur.

This does not remain a big challenging task for any beginner because these days we are having google and YouTube for quick access to anything we want. Still, I appreciate your efforts for asking such a question to this community but you could find them by yourself by making use of this forum's search functionality.

If you are unable to find all the required materials by yourself then you may not be fit for making yourself ready for highly challenging crypto trading. I wished to get you only the guidelines, because you need to hit all exact things by yourself. This is what I'd like to suggest to you at the very beginning of your trading career because this way you could prove yourself to you about your capability for crypto trading.

Technical analysis is relevant for you to learn off and this is something should a trader would learn about on at least for him to sustain and survive with this market. Yes, fundamentals is needed but not most of the time there would be some news to rely on.You would be needing
that skill and knowledge on reading up charts whenever you do look at them and able to see on possible trend or possible price movement
which would really be giving out some edge compared to those who dont know.

In my opinion conventional technical analysis in crypto is sham. How is it possible that when btc goes down all of crypto goes down? And when it goes up almost everything goes up. Theres something off about the crypto market but it’s difficult to pinpoint.

Technical analysis is the best way to earn something best from trading because Technical analysis is the key to trading without this we don't know how market take next look if we know this then we can easily know the any coin next movement

Technical analysis plays a very important role in Trading. in technical analysis you will know how the market will go means will market will go up or down. With technical analysis, you can get a good profit

I think book is just the reading aspect of trading. It shows you or prepares you on what to practice on and what to expect but practice itself is the real trade. In practice you make your mistake and do your correction and gradually grow in the market. No particular pattern is the best, all requires for practice to be better. So no trader will base experience on what was read but on what was practiced.

It can be really intimidating at first for someone who is a novice tool agreed chart. Setting the first thing that you have to do since you’re still new to it is to learn the basics of technical analysis. For you to be able to learn you will have to be ready to also do your research. Because, you can’t learn when you are not doing your research if you keep asking just questions you are not really going to get it direct come get my dress drop little tips and it wouldn’t even be enough for you to lend that. And also they wouldn’t even go in depth into it.

So, that’s why you have to be ready to do your research, and read books  or articles that are about technical analysis. When you keep on doing that you would see that your understanding of what technical analysis is all about will improve overtime. It’s just a process, and everything has to do with process text time.

TA really works even if its not 100% accurate, this is the rules that traders has been following since then so skipping TA wont make you a successful trader because for sure you are just depending on a hype and fud. TA might not easy to learn but the moment you learn the basic things, I’m confident that you can be more effective and profitable in trading once you master it.

Books are pretty good resources to let just about anything including trading but getting the right content will go a long way. Videos too — even though not all of them are either certified or profitable. That's why it is important to carefully curate and select materials  for learning technical analysis. I'm not so sure of using stocks but it shouldn't ve much of a problem as people even use forex experience to trade/learn crypto markets.

Books are somewhat already irrelevant nowadays yet most of information that we are needing is already available through online which means you could learn up on various sources as long  you do know to search up even with  those just basics and the rest could be seen on Youtube.
ITs not really needed for you to search up for profitable ones.Stick with basics and the fundamentals of overall trades.

The rest of learning would really be acquired through experience and thats why you should know on how to handle up yourself
and learning on various sources.

Technical analysis is the key to analysis any coin if we know  this correctly then we can easily find any coin next movement like what's coin support and what's resistance we can easily learn this from YouTube or follow someone experience man which guide us.

Technical analysis despite its predictive nature has some limitations and probably the most important is the one you are mentioning.

A market or an asset that has a limited volume can be manipulated at will by someone with a large enough position in it, this means that it will be impossible for someone using technical analysis to predict what it is going to happen next as the move will come out of nowhere, as such technical analysis is not really suited for those markets, which means that most altcoins should instead be traded using fundamental analysis.

Because the market is made of both news too so we don't need to rely only on technical analysis alone. The price rice and also fall if that is what we call manipulation but I see that as volatility. However we need to follow the projects that we are trading through their social media like especially telegram and with that you know the plans there. Sometimes telegram followers know that the coin will pump either that there is a new positive development like new listing (and that is news or fundamental) and that will definitely increase the volume of the coin. So it is good for us to balance our trade by not only relying on technical but also using fundamental analysis by following the project team.

Without fundamental analysis, you may finish off your trades in short term profitably with the help of technical analysis. But for long term trading then you need to check with both fundamental analysis and technical analysis so that you may catch the possible bottom and then you may hold for maximum profits until market starts to test another bottom.

In my experiences, almost all alcoins are good only for short term trading which means just technical part is more than enough for me to gain some 10% to 15% profits in maximum one week of time.

Exactly. I agree that all coins are good for short-term trading but not with bitcoin. If they want to use bitcoin for the short-term, they need to have skills to analyze when to buy and sell so they can make a profit. However, technical analysis needs more information to figure out the time to enter the market. Otherwise, you will be in the wrong time to trade and not profit.

Especially if the market situation is sideways but bearish time must determine the right decision in calculating with technical analysts and with news in the crypto market because these 2 factors affect the bitcoin price of candle stick. If you feel that the market situation is unstable, don't try to enter the market or try leverage

Indeed, if a trader does not use technical analysis, his trading style will be similar to a casino. Technical analysis allows a trader to increase the percentage of profitable trades, since in most cases price movement forecasting is based on price changes in the past.

Look at this website https://github.com/SpiralDevelopment/Awesome-Crypto-Trading they give complete information and materials about trading and other things that is related  to trading such as tools and bots. I hope this would help you on your trading but of course test it out your self if you can apply the things you have learned from this materials.

Taking profit by trading does not require only technical analysis, you must have trading experience for profit. You can get that experience by trading in the demo account. There is an option in Trading View where you can practice your trades. So as a newbie so must not start trading with your funds, start with demo account.

When I started trading I study on this website for free babypips.com although it is a forex trade the concept, strategies and understanding of the whole market is the same as the cryptocurrency market I also see some good topics on YouTube about trading where they discuss every strategies and every topics on some paid courses on Udemy.

There is a lot of stuff available on the internet / YouTube regarding technical analysis. You can easily learn online but most important thing is that you practice what you learn in order to be a successful trader.
If you are willing to pay then you may search Udemy for some best paid courses by experienced traders.

Technical analysis also won't work 100%, it's just a prediction to find out when is the right time to enter and exit. Good profits will be obtained if we can take advantage of the moment at every price fluctuation.
Technical analysis is a basic science that must be known before trading. and don't forget to learn Fundamental analysis too.

This is true to become a successful trader you need to learn about technical analysis before starting crypto trading, if you want to learn about technical analysis about the crypto market, YouTube is the best platform where you can learn about technical analysis, there are many channels that are teaching about technical analysis so you can subscribe them for learning.

I guess none of the other forum members have mentioned this underrated technical analysis course in youtube.

It's been a few months since I found COTTONCANDYTA  (https://www.youtube.com/c/c0tt0nc4ndyTA/featured)from other members of this forum and I must say that, while his courses are lengthy, the amount of knowledge you can get is comparable to a proper university education.

And He currently update the contents from Beginners to the most Advanced courses so that everyone can easily follow.

IMO I don't believe that technical analysis especially talking about the chart, graph etc  has to be past relating to future. I think it shows you the next step to take in the future, that's the gap it creates in the future is expected for a trader to analyse and speculate to cover it up accurately and if you succeed to cover it up accurately, that is the profit and if you do it wrongly that turns into loss. So that is the reason for different trading minutes, hours, daily, weeks and months which are very good to speculate.

Maybe we can not get an accurate calculation in the technical analysis as the market can go to the other side that we miss. But if we can do more practice, I am sure sooner or later, we will have an opportunity to improve our skills. Once we improve our skills, we will have many chances to select the coins to trade. And if the market goes in the other direction, we can make another strategy to follow the market and profit.

I am not denying that altcoins for the most part should be used only as a way to try to raise your capital for the short term, however as I said most of the time you cannot really use technical analysis on those coins, as technical analysis is not really suited to deal with a market with low volume and that can be manipulated that easily.

This means that if you want to invest in a coin then you need to look at other factors like the developers, its use case, the road map, how saturated is the market for a projects like that and many other factors, and then once you decide a coin is worth it then you could try to obtain profits with it during the short term.