Binance Trading Resources

[TerenceFisher]

Does anyone have any useful resources that can help with learning graphical analysis of crypto price trends for trading in Binance? I found a few resources on Bollinger curves, as well as certain trend patterns, but nothing was really explained in a way that was understandable. Any resources would be greatly appreciated.

[1715436979]

1715436979

[1715436979]

1715436979

[1715436979]

1715436979

[mk4]

Head over to https://lopp.net/bitcoin.html and scroll down to the Trading section.

[biggNY]

Does anyone have any useful resources that can help with learning graphical analysis of crypto price trends for trading in Binance? I found a few resources on Bollinger curves, as well as certain trend patterns, but nothing was really explained in a way that was understandable. Any resources would be greatly appreciated.

Hello Terence. When I started looking into trading, patterns, indicators etc I came across this great source of info: https://stockcharts.com/school/doku.php?id=chart_school 

Good news is you get access to full range (I believe) of content for free, only downside is that pages are showing ads. I found everything I ever needed there. If you find something explained in complicated way, you can always check investopedia.com by searching in google term you need explained + investopedia. This way you get access to some free content too 👍

@mjglqw thanks for great resource website, much appreciated 😉

[usmanov123]

Im trading on Binance using https://crypscan.com service
good resource

[TerenceFisher]

Thanks @mjglqw and @biggNY for the great resources. Looks like I found my reading for the next week or so. It seems that cryptocurrency trends can be analyzed in the same way as any other financial chart. Does anyone know if there are any important trends that are specific to cryptocurrency that begginers should heed?

[biggNY]

Thanks @mjglqw and @biggNY for the great resources. Looks like I found my reading for the next week or so. It seems that cryptocurrency trends can be analyzed in the same way as any other financial chart. Does anyone know if there are any important trends that are specific to cryptocurrency that begginers should heed?

You are welcome, glad I could have helped. Exactly as you mentioned above, all indicators and patterns from stock market can be applied to crypto market too.

I am not hugely experienced, but there is one specific trend for crypto market, that I can think of. If Bitcoin is on uptrend altcoins are suffering at first, as more and more people sell their alts to catch the bitcoin pump. Eventually people start looking where they can invest their gains from bitcoin rally and start buying (already very cheap) altcoins. Which will eventually start uptrending as Bitcoin is going sideways. I don't think there is anything like this happening on stock market.

Cannot think of other important rolues or trends specific to crypto. Good luck with your training and trading too.

[madnessteat]

I was looking for a lot of evidence that the technical analysis works on the cryptocurrency market, but never found confirmation. It doesn't even work 80%.

[www.crypago.com]

I was looking for a lot of evidence that the technical analysis works on the cryptocurrency market, but never found confirmation. It doesn't even work 80%.

i prefer non-technical analysis. 

[mk4]

I was looking for a lot of evidence that the technical analysis works on the cryptocurrency market, but never found confirmation. It doesn't even work 80%.

If technical analysis worked that frequently then probably everyone would be doing it and a high percentage of the traders will be making profit(as we know is definitely not the case). People do technical analysis just to increase their odds of "winning" or making profit on their short-mid term trades, rather than just blindly and randomly putting up offers and hoping that the markets will go your way. Technical analysis isn't a sort of magical ball that could tell you with that high of an accuracy(80% like you're saying) what the prices will be in a certain timeframe.