Technical analysisWhat is t?
Technical analysis is a method to help investors rely on price both past and present market movements to make predictions about future market trends and prices.
Technical analysis is mainly based on charts and supporting tools, to be able to determine the highest price, the lowest price, the price trending up or down in a certain period of time. help investors make decisionsthink rightn.
Current technical analysis support pages: Tradingview….
Why technical analysis?
- Helps capture market trends.
- Help capture the psychology of other investors in the market.
- Help investors make decisions to buy when the price is good, and to sell when the market is trending down.
- Help investors increase the probability of success in trading.
What is the price?
Price is the main thing that investors aim for. Like all chart types, there are price levels through which investors can grasp the market. The price of an asset class at a time, when buyers and sellers form a transaction at a price they desire.
For example, when there is a buyer who thinks the price will increase in the near future, so they buy, and a seller thinks the price is right for them to sell. Two people together act as a buyer and a seller, which forms the transaction and produces the current price of the asset they are trading.
Types of prices to note:
Opening price: Is the first trading level of the period judgeAsian.
Closing price: Is the last trading level of the evaluation period. “This is the most important price level that investors must pay attention ton“.
Highest price: The highest price in the evaluation period.
Lowest Price: The lowest price in the audit period.
Types of charts
This is a chart that shows price levels in a straight line. Makes it easy for investors to predict trends but is at a disadvantage because it doesn’t show all historical prices.
This is a chart that shows price levels in the form of bars. Show all types but harder to see than the other 2 charts
Candle stick chart
This is a chart that shows price levels in a candlestick pattern. The price levels are clearly represented by candles.
Each form expression thing All of the above have their own advantages/disadvantages. However, now expression thing Candlesticks are being used most commonly in the entire financial market.
Technical Analysis Overview Video
To be able to understand technical analysis and apply it to financial investments, reading candlestick charts is a must for investors.
Financial investment in general and Cryptocurrency in particular is a risky form of investment knowledge and skills to be able to make money from this market. The above is just an overview, if you want to learn more about this market please leave a comment below, the support team will contact you.
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