It was a good read indeed, this can be a great help to both newbies and regular traders in time when they forgot about basics of trading.
and I believe that technical analysis does not work and does not help for the cryptocurrency market. here the price is regulated by demand. and you never know where it will go up or down.
It may not be accurate all the time but at least it gives you hint on the next move of the market following the certain condition met on the chart especially if you paired it with FA.
My secrets for trading are quite simple.
Do Not Do:
1) Do not follow any signal group
2) Do not follow any paid group
3) Do not follow any "professional trader” who has many followers
4) Do not join Pump&Dump
5) Do not jump on new listings
If we learned TA and FA, it is good to know certain groups that gives signals, and follow "professional traders" for the prediction comparison's sake. It is always best to have other's "brain" on the table.
I can also add some and that is
not to trade when you're
too emotional and drunk.
Do:
1)Learn TA
2)Learn FA
3) Make your own research
4) Make your risk management (budget, stop loss etc.)
5) Learn to control your nervous
6) Be patient
This will take time to master but it will be fruitful if we do.
