Tip this post if you like it!

In my last post, I spoke about who crypto trading was for.

And in that post I mentioned technical analysis a lot, and later on published a post on whether or not to use it.

But in this post, I'll be explaining that abstract idea called technical analysis.

Let's jump right in.

Technically Analysis (TA from now on) is the art and science of using patterns, charts and oscillators to guage and predict price movements

It's simply the use of technical tools to know when to enter and exit trades.

TA is comprised of many parts like candlestick patterns, oscillator convergences and divergences, trend lines and channels and a host of other features.

All these features will be explained in upcoming posts so stay tuned.

But basically, you use TA to 'tell' you when to enter and exit trades.

But note that it isn't perfect.

TA is only relevant because OTHER traders use it too, so it's timings and predictions become self fulfilling prophecies, due to the fact that other traders are looking out for the same formations as you.

TA should be paired with the news for the best results, as using TA alone would blindside you.

Thanks for reading!