Introduction to Technical Analysis

Crypto traders have several tools to assess the cryptocurrency market. One of them is
an approach known as Technical Analysis. Using this method, traders can get a better
understanding of the market sentiment and isolate significant trends in the market.

This guide to crypto technical analysis will take you along the exciting introduction to technical
indicators that are widely used in technical analysis.

Including;
Trendline
Support and resistance

Source: https://cryptopotato.com/bitcoin-crypto-technical-analysis-beginners/

This module is FREE!!! And only given to Crypto4chun Subscribers!

“Don’t chase big gains. Become a good crypto trader
first and gains will chase you.”

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Trendlines
Trend lines, or the typical direction that a coin is moving towards, can be most beneficial for traders of crypto.

Me, (Crypto4chun) as a trader, for how many years that I’ve been trading in cryptocurrency, this module was
converted into crypto trading charts patterns and analysis based on my knowledge and past experiences.
Since the original source module is pattern in stocks/forex charts.
Source Credits: www.Tradingwithrayner.com

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Trendlines
Trend lines can be used to identify and confirm trends. A trend line connects at least 2 price points on a chart.

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Support and Resistance
Everything we need to know about support and resistance

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 Everything we need to know about support and resistance

They are:

1. Support & Resistance

2. Role reversal
3. Dynamic Support & Resistance
4. Impulse & corrective moves

Let's begin.

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Support & Resistance
Support – An area on the chart with potential buying pressure to push the price higher.

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Role reversal
Resistance - An area on the chart with potential selling pressure to push the price lower.

Remember...
...Support &
Resistance is not a
single line, but an
area on the chart.
And when price
breaks Support &
Resistance, a role
reversal occurs.

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Role reversal

Simply put...
If the price breaks below support, previous support becomes resistance.

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Role Reversal

If the price breaks above resistance, previous resistance becomes support. Here's what I mean...

Now:
You've just
learnt what
Support &
Resistance
are, and their
role reversal
with one
another.

This is "static"
Support &
Resistance,
where their
areas are fixed
on the chart.
But wait, that's
not all...

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Dynamic Support & Resistance
Support & Resistance can also move along with price, which is called Dynamic Support & Resistance.
Dynamic support occurs in an uptrend,
This is what I mean...

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Dynamic Support & Resistance
and dynamic resistance in a downtrend. They can be identified using moving averages (I use 18 & 50 EMA).

Yo
u're wondering:

Bro, is there anything

special about 21 & 51
EMA?

The answer is no. I

use it because it fits
my trading style.
Ultimately you need
to find something that
suits you.

Indicators are simply

trading tools. It’s how
you use them that
make a difference.

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Impulse and Corrective moves

Markets don’t move in one straight line.

There's an ebb (condition of decline) and flow to it. And this process contains impulse & corrective moves.

Wait, what's that?

Impulse move - "Longer leg" on the chart, which points towards the direction of the trend. Candlestick
size is usually larger, signaling momentum behind the move.

Corrective move - "Shorter" leg on the chart, which is against the current trend. Candlestick size is
usually smaller because of traders taking profits, without strong pressure.

Here’s a few examples on the next slides:

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Impulse and Corrective moves [Market | Uptrend]

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Impulse and Corrective moves [Market | Downtrend]

Here's a
tip for you…

You can trade

pullback on a
corrective move,
and breakout on
the impulse
move.

Depending on
your trading style,
both approaches
let you get on
board with the
trend.

next section
tomorrow...

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Next session;

The 4 stages of crypto markets every serious trader must

know.

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