Technical analysis is a method of studying past market, mainly volume and price data for forecasting likely price movement, which can be used for investment decisions.
Crypto market data for technical analysis (short-term and long-term) can be typically found using crypto exchanges charts to identify patterns and indicators for trends.
Technical analysis is based on assumption that the 5 wave trends are corrected and reversed by 3 wave countertrades, these can lead to market discount. 📈 According to Elliot there are many pattern variations for bull (uptrend) or bear (downtrend) market.
Please follow if you would like the next posts with some real crypto, chart pattern (12345, ABC, triangle, flat) in combination with indicator (MACD, StochRSI) technical analysis. 📊 Which crypto assets (Bitcoin, altcoins) would you suggest for a free technical analysis? ❓
Technical analysis helps to make investments at the right time. It can be used with fundamental analysis to invest into the right thing (crypto).
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