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Cryptocurrency All-in-One For Dummies
book

Cryptocurrency All-in-One For Dummies

by Kiana Danial, Tiana Laurence, Peter Kent, Tyler Bain, Michael G. Solomon
January 2022
Beginner to intermediate
816 pages
21h 49m
English
For Dummies
Content preview from Cryptocurrency All-in-One For Dummies

Chapter 10

Using Technical Analysis

IN THIS CHAPTER

Bullet Understanding the idea behind technical analysis and why investors use it

Bullet Identifying key support and resistance levels on a chart

Bullet Introducing popular chart patterns in bearish and bullish markets

Bullet Getting a grip on basic and sophisticated moving averages

Some people believe that the financial markets, crypto or otherwise, are just another form of legalized gambling. They believe that the markets move randomly and have no connection to market psychology or to the fundamentals, such as the state of the economy or the people behind a blockchain technology.

However, over years of observing and investing in many different markets, many investors have come to see history repeating itself in the markets over and over again. The markets move as a result of a combination of the three top points of the Invest Diva Diamond Analysis (IDDA), which is introduced in Chapter 4 of this minibook:

  • Fundamental analysis
  • Market sentiment analysis
  • Technical analysis

Flip to that chapter for the basics of fundamental and market sentiment analysis in ...

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Publisher Resources

ISBN: 9781119855804Purchase Link