Technical Analysis for Cryptocurrency Trading

Published: May 18, 2019, 6:23 p.m.

When investing or trading cryptocurrency it is important to use technical analysis. Technical Analysis also known as TA is the process of analyzing historical market activity and investor behavior in an effort to determine probable future price trends. The primary sources of information a technician also called technical analyst is price, volume, and time. 

Technical analysis is based on 3 assumptions:

  1. All influences on market action are automatically accounted for or discounted in price activity
  2. Price moves in trends and those trends usually persist for relatively long periods of time
  3. The future can be found in the past

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