I hear some analysis are good to observe the market and very useful to understand the market condition and helping to take a decision, So there are some analyzers point of view in
headings to analyze the market,
Trend Lines
Resistance and support levels
Moving Averages
Trading Volume
Not on the technical analysis alone
How to start and identify trends
How to start and identify trends,
there is much to know for beginners if you want to trade bitcoins and all of them above exist and correct , agree on that and just want to add some more explanation;
the first step is to research, the most important step of any investment opportunity is to examine the coins you want to buy. Taking this one step will get you ahead of the investors and the most forward traders. If you have done the research, go to the next step.
the second step is to choose the crypto you want, it may seem obvious, but you need to try to select the cryptocurrency you invested. take your time with this. there will always be new opportunities, so do not just plunge into the trade in an effort to catch the pumps alone.
the third step is to find the exchange, there are a number of seemingly endless exchange options. each consisting of pros and cons for different merchants as well as various coin listings available.
the fourth step is to choose a steady strategy. everyone has their own tactics, but they generally fall into one of the categories like, middle class Investors - you have a slightly higher risk tolerance than a long-term hodler. there may be coins that you hold for a while, but you also rebalance your portfolio every month or so. Your ownership may include a mixture of large and medium market capitalization caps. the point is that you make your own strategy, if you already know all four things immediately start trading. here are four basic trading techniques that I know, hopefully help.
