Great Course For Learning How To Use Technical Analysis In Cryptocurrency Trading
If you want to be successful in cryptocurrency trading (and not just follow the crowd blindly for your next crypto picks), then it is imperative you learn how to read and understand Technical Analysis to make better decisions on trades.
Technical Analysis helps you determine when the best opportunities are to buy or sell based off of price trends. Technical Analysis can help traders anticipate where the price will move over time by looking at different price chart timeframes.
In general, financial charts follow the same trends no matter what you are trading, whether it be stocks, commodities or currencies. There is a FREE website named BabyPips where you can learn the basics on how to read and understand financial charts. The BabyPips website was developed for teaching the basics of Forex trading, however the same principles for Forex trading can be also applied to cryptocurrency trading.
The free BabyPips course covers topics on how to use Support and Resistance Levels, Japanese Candlesticks, how to use the Fibonacci Indicator, how to use the Moving Averages Indicator and more.
If you want to learn Technical Analysis while following along with the course, I recommend signing up for a charting service such as Coinigy or TradingView, however these are both subscription based sites, but both sites do offer a 1 month free access trial period.
After you have completed the entire BabyPips course from parts 1-11, you will be better equipped in understanding how Technical Analysis works, and then you can apply that new found knowledge to your cryptocurrency trading.
The learning journey does not end here though, as there is always something new you can learn to improve your trading skills.
Happy learning!
Disclaimer: I am not associated with any of the sites mentioned above, I just think they are great resources to use.
Image Sources: Image 1, Image 2, Image 3
Website Sources: https://www.babypips.com/, https://www.tradingview.com/, https://www.coinigy.com/
Understanding Charts is a key in my Opinion to getting good buy points on pullbacks in Cryptos.................
It sure is.
Buy low sell high my guy!
Hahaha, correct!
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