503240826 by Unknown

Author:Unknown
Language: eng
Format: epub

THE TECHNICAL ANALYSIS

In these few chapters we have discussed several fundamental concepts for trading, how to read a candlestick chart, and established that trading means creating your own system of rules. This last aspect is fundamental, because without an effective system of rules, we will never be able to trade effectively.

The purpose of these rules is not just to allow you to make a profit, but rather to allow the trader to ease the psychological pressure to which he will inevitably be exposed until the moment he closes the operation, and to establish instead how to realize the profit each operator is based on what is essentially a real "collection of signals".

The first question that every person inevitably asks themselves when they start trading is “what moves the price of a cryptocurrency?” Finding a good answer to this question already means you have taken the first step to becoming a good trader. The price is mainly driven by two factors: the greed of the market and the news breaking into the market. These two factors, taken together, generate the price movements that allow us to make a profit.

When we begin to operate on a particular market, any news concerning it can trigger a bullish or bearish reaction in the price trend. There is news, such as the possibility of a hard fork or the release of a new version of the platform, which inevitably trigger the rise in prices. Other news, however, can do the exact opposite and sink the value of a coin. For example, the price of a crypto may fall if the news spreads that the official wallet of a certain currency is defective or that a certain cryptocurrency is about to be excluded (delisted) from a large platform.

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