Technical Analysis

Once you understand some basic dynamics such as supply and demand, then you should start learning how to read trading charts, also known as technical analysis.

Technical analysis is a science which helps you better predict the future by analyzing historical market data. You’ll gain a feel for when markets are about to turn, or if assets aren’t priced properly.

Source: tradingview.com
 

For some, it’s super helpful and core to many people’s cryptocurrency investment strategy.

Knowing how to read charts can give you an advantage over those who don’t - and it can be quite lucrative.

Preparing for Bull Markets

Do you believe the market is dead and the entire crypto industry will vanish away just because Bitcoin drops 40%? Of course not. These cycles happen, so don’t be afraid to go against the crowd.

If you sold when you were in profits, then you should have fiat ready to invest in cryptocurrencies during bear markets.

Keep these funds available in your wallets and be ready to accumulate your favorite cryptocurrencies when everyone else in the market is panicking.

Source: tradingview.com
 

But, don’t FOMO! Generally, bear markets can last for well over a year. If you buy the dip too early, you’ll end up losing a lot of money.

Bear markets should also give you plenty of time to find some altcoins worth investing in. So do not wait until the bull market is back - do your research in advance.

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