Basis TA must learn for newbies

[iillaa]

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

• Support and Resistance

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

• Fibonacci Retracements

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

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

How to Trade Moving Averages                                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


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

[1714841818]

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[1714841818]

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[1714841818]

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[Fatunad]

trend lines
Support and Resistance

 

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.

[iillaa]

 
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

[jmlona]

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

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.

[iillaa]

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

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

[jmlona]

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

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.

[Victorycoin]

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

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.

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.

[harizen]

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.

[jmlona]

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

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.

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.

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.

[Hemady17]

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

• Support and Resistance

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

• Fibonacci Retracements

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

• Elliot waves  

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

[/list]



Edit
and in order to  practice every new TA skill you learn  visit this great and free website  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

hope you enjoy learning  and  also i will be glad if more experienced traders  share in this topic  some advices or trading strategies    

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.

[iillaa]

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   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

[iillaa]

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

What's your opinion ? Which is better in the current state of the market ?

I prefer trading over holding, but if you're going to hold you need early entries into your tokens.  You don't necessarily need to buy them at ICO price but don't wait until something bloats to 30-50x ICO price then decide to hold... and especially don't buy things in a parabolic runup thinking it's going to the moon.  Often times noobs do this and get stuck bag holding and this is probably the worst scenario to be in over all others because you are losing money AND not actively growing your investment.  The same applies to trading to some degree but with trading, you have to be more disciplined... you want early or bled out entries first and foremost because when you hit buy, it's really the only thing in trading you have 100% control of.  If you get a good entry then deciding the exit is kind of a no-brainer... if you are in profit, it is a good trade.... anything that has parabolic green candles its time to exit.. and don't look for re-entries until a 50-60% correction into the golden zones of Fibonacci retracements.  Trading is fundamentally harder because people become attached to coins when they are making considerable gains and get stressed out about losses when coins are dropping.  In either scenario, you can't emotionally trade.  Coins don't parabolic run forever and they don't go to zero either.  Choose based off of your comfort level but whichever you choose, don't just hold all alt coins.. you must cost average mistakes and need BTC in buying opportunities to help your portfolio grow.  Also never buy all in at one place and make sure you have some diversity.  

In summary:

Trading is risky but be greedy with your entries.. better entries = easier exits.. and don't be afraid to exit when a coin is doing well.. any positive amount in a trade is a good one, and there's certainly always more coins to trade even if this one leaves you.
Hodling works but you have to understand that hodling from ICO price and buying something much later when bloated on parabolic runups is not the same thing.  Half the people advising you to hodl are either a) early adopters several X in profit or b) afraid that if they don't convince you to hodl, that they will end up losing.  

if  you wonder what is that parabolic thing he is talking about  

[bl3zzy]

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

[mast3rm1nd]

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.

[tesla80]

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.

[Ultra_io]

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.

[Quidat]

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.

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.

[tesla80]

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

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.

[iillaa]

updated  ( moving average part )

[draajat]

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

• Support and Resistance

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

• Fibonacci Retracements

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

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

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

Yep! maybe i can try this.  BTCBTCBTCBTC