Member-only story
Crypto Trading Technical Analysis Simplified
A seven-step guide for beginners that will help you turn profits!
Crypto trading is no child’s play.
A lot of money can be made really quickly, and a lot more can be lost even quicker!
Even experienced traders lose money! And I know this from personal experience.
That’s where fundamental and technical analysis comes in.
You need to understand crypto in general and how it operates for you to even begin trading it.
You have to love it too, to be honest. You can critique it, but love for crypto is what will help you understand it.
As the cool kids say,
I’m bullish on crypto.
So you need to be bullish on crypto to withstand its volatile swings.
You also need to understand the coins you are trading. Their prices and volumes can tell you a lot about them. That’s part of fundamental analysis.
What will help you consistently turn profits though is a proper understanding of technical analysis.
This means understanding trends, charts, candlesticks, and their patterns, proper reading of chart tools, etc.