Technical analysis (39)

The pioneering cryptocurrency, Bitcoin , has captured global attention with its distinctive decentralized architecture and potential to redefine monetary systems. This digital currency operates on a decentralized ledger, the blockchain, underpinned by a network of nodes and miners. As interest in Bitcoin grows, it has attracted both enthusiasts and skeptics, reflecting its trading dynamics.

In recent years, cryptocurrency has become one of the most popular asset classes to trade. And like any other financial market, cryptocurrency is subject to patterns and trends. These crypto patterns can be analyzed to gain insights into potential future price movements. Understanding crypto patterns is a crucial aspect of technical analysis. Having this knowledge can help traders to make informed decisions about buying and selling cryptocurrencies. It’s therefore useful to understand technical analysis and have a general idea of the market's behavior.

From constantly tracking the charts for price action to keeping an eye on indicators for a momentum shift, the act of actively scalping trades and day trading can be too challenging for many crypto traders. Fortunately, day trading isn't the only way to make crypto gains over time. Enter swing trading — a trading strategy that finds that sweet spot between active day trading and passive long-term holding.

When you engage in crypto trading, you essentially submit buy and sell orders. If you are looking to buy on the open market, you submit a buy order. If you wish to sell, you submit a sell order. The s

As the crypto market continues to rally ahead of the Bitcoin halving that's scheduled to happen later this year, we're seeing breathtaking rises for all kinds of coins and tokens. This surge has many crypto traders wondering if we're on the cusp of witnessing a return to the crypto euphoria experienced in late 2021, when Bitcoin managed to hit a peak of $69,040.10 on November 10, 2021. As prices continue to soar and intensifies, there's now a genuine interest in seeing if the market can reclaim its previously established peaks.

Before we dive deep into this topic, here's a quick disclaimer: the opinions in this article have been shaped by over a decade of my own personal learning and trading experience. This is not financial advice, and you should always do your own research before investing. Markets are uncertain. Never risk more than you can afford to lose.

Though technical analysis in the cryptocurrency market might seem daunting, the term simply refers to the study of past market data in an effort to project future price movements. In essence, it allow

Crypto trading can be an exciting and potentially lucrative venture, but it's also risky — especially if you rush in blindly without a plan. A solid crypto trading strategy is crucial to success in this market. A trading strategy provides a clear action plan and helps to set boundaries that support one crucial trait for all traders to possess: discipline.

Price charts are one of the most valuable tools for technical analysis. They enable traders to analyze the market and spot potential trends before they develop. Candlestick charts also allow traders to identify candle patterns, such as Dojis. One example of a Doji candle is the Dragonfly Doji candlestick pattern.

When it comes to trading, [technical analysis](/learn/cryptocurrency-technical-analysis-101) is one of the most important tools. Regardless of whether you are trading cryptocurrencies, stocks or commo

As the first and largest crypto, Bitcoin (BTC) has always been at the forefront of the crypto industry. The price of Bitcoin has reached levels many believed was impossible; however, many still think

Despite having the potential to be quite rewarding, crypto trading is considered risky due to its volatile nature. Since traders' money is on the line, they cannot simply try and guess which way the p

To be a successful trader within the cryptocurrency market, traders must be able to spot certain market trends before they develop. To achieve this, they must rely on two types of analysis. The first

To be a successful cryptocurrency trader, you need to master both fundamental and technical analysis. While most traders know that fundamental analysis is based on assumptions, they tend to trust the

Cryptocurrencies have grown to become one of the most popular assets to trade in recent years, due the opportunities they present. However, these opportunities are only rewarding because they come wit