Technical Analysis 101: How to Identify Market Patterns

[CLywaTeLb]

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.

[Red-Apple]

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.

[pushups44]

I highly recommend the free online Babypips 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.

[Fuhre]

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.

[kindbtc]

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.

[Fredomago]

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 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.

[ricardobs]

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.

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.

[lyks15]

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.

[tommydavis45]

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.

[blackhawkeye1912]

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.

[davoshuntcrypto]

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.

[arpon11]

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

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.

[repetecrypto]

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.

[hrunya102]

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.

[betty11]

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?

[GGmith]

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.

[Sharon121212]

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 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

[blueteam09]

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.