November 24, 2022
  • November 24, 2022

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By on July 10, 2022 0
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Bitcoin technical analysis and trade idea video:

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Technical analysis

In financial trading, technical analysis refers to the method of studying the history and price movements of an instrument, such as currencies, stocks, commodities, etc. The main determinants include the historical price movement of an asset, chart patterns, volume and other mathematical visual based tools, in order to predict the future movements of this instrument. Traders who use various means of technical analysis are known by various terms, such as technical traders, technical analysts or technicians. At the heart of technical analysis is the notion that the past performance of a financial asset is potential evidence of future activity. Unlike fundamental analysis, technical analysis is not interested in the causes of price fluctuations; he deals only with its effects. Therefore, technical traders diligently observe the historical charts of the instrument they wish to trade. By applying a number of techniques, technical analysis ultimately predicts how prices will act, sometimes also time-dependent. There are a host of visual tools available to the technical trader, with the most popular of these being included in all major brokerage platforms today. Understanding Technical Analysis Technical analysis itself consists of a number of different methods, which generally fall into two main categories – leading indicators or lagging indicators. Leading indicators refer to charting tools that allow the trader to predict the movement of an asset before it actually happens. These advanced techniques include Fibonacci, pivot points, trendlines, divergence and harmonic trading, and are popular with traders who prefer to trade reversals. Lagging indicators are those visual tools that allow a trader to take advantage of a strong trend, by entering it while it is forming; these tools include the MACD, the Awesome Oscillator and moving averages. Technical traders don’t all use the same tools of course, and even a trader who uses a particular indicator. For example, the stochastic oscillator will likely use it in a different way than another trader using the same indicator or set of indicators, which makes technical analysis extremely subjective. That said, technical trading has merit, and as unintuitive as it may seem, previous price patterns show up time and time again. As an increasing number of traders search for specific market points, the likelihood that these points will matter also increases.

In financial trading, technical analysis refers to the method of studying the history and price movements of an instrument, such as currencies, stocks, commodities, etc. The main determinants include the historical price movement of an asset, chart patterns, volume and other mathematical visual based tools, in order to predict the future movements of this instrument. Traders who use various means of technical analysis are known by various terms, such as technical traders, technical analysts or technicians. At the heart of technical analysis is the notion that the past performance of a financial asset is potential evidence of future activity. Unlike fundamental analysis, technical analysis is not interested in the causes of price fluctuations; he deals only with its effects. Therefore, technical traders diligently observe the historical charts of the instrument they wish to trade. By applying a number of techniques, technical analysis ultimately predicts how prices will act, sometimes also time-dependent. There are a host of visual tools available to the technical trader, with the most popular of these being included in all major brokerage platforms today. Understanding Technical Analysis Technical analysis itself consists of a number of different methods, which generally fall into two main categories – leading indicators or lagging indicators. Leading indicators refer to charting tools that allow the trader to predict the movement of an asset before it actually happens. These advanced techniques include Fibonacci, pivot points, trendlines, divergence and harmonic trading, and are popular with traders who prefer to trade reversals. Lagging indicators are those visual tools that allow a trader to take advantage of a strong trend, by entering it while it is forming; these tools include the MACD, the Awesome Oscillator and moving averages. Technical traders don’t all use the same tools of course, and even a trader who uses a particular indicator. For example, the stochastic oscillator will likely use it in a different way than another trader using the same indicator or set of indicators, which makes technical analysis extremely subjective. That said, technical trading has merit, and as unintuitive as it may seem, previous price patterns show up time and time again. As an increasing number of traders search for specific market points, the likelihood that these points will matter also increases.
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