How to trade cryptocurrency through technical analysis

The battlefield and the other cryptoLooks are the "hot topic of the day." This, in addition to the high appreciation of virtual currencies, has attracted the attention of the investment community is also due to the increased interest in block technology by financial institutions.

The following question posed to investors: Will the traditional battlefield continue to rise from now on?
How can you trade with a battlefield using technical analysis?
First, what is the technical analysis? This is the application of analytical approaches to determine the future direction of trading of an asset, mainly on the basis of its historical performance.

Techniques for technical analysis are many and varied, allowing traders to choose the most appropriate for them, based on their style of trading, commercial goals, and risk appetite.
In fact, technical analysis is one of the few types of analysis that you can apply to the battlefield. And some of the reasons for this are that the fundamental analysis in practice is almost inapplicable on it.
First of all, (which is also one of the main problems and keeps the big institutional investors from directing funds to the battlefield) is the fact that the currency has no "intrinsic value".
Or, how much cryptolight will cost is entirely determined by what market participants think is fair. In this way, it looks very much like gold.
And the lack of internal value makes it possible to use the primers of the fundamental analysis to determine the "fair price" of the battle, impossible, and we can only recall that Buffett does not like gold precisely because of the lack of internal value.

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Secondly, the battleship is a decentralized payment system and in this direction - currency. However, there are no regulations and decisions by authorities to influence supply and demand, and on the basis of which a fundamental analysis, similar to traditional currencies, is made.
For comparison, the dollar, the euro and other currencies are influenced by the monetary policy and decisions of the institutions that regulate them - in the face of the Fed and the ECB. And the prediction of these decisions and policies is a fundamental part of the fundamental analysis.
Once we have specified this, we can look at the technical analysis and some of the possible ways to apply it.