Post
Topic
Board Economics
Re: Technical Analysis
by
Hydrogen
on 06/01/2018, 21:56:58 UTC
Hi,
How to analyze a graph in terms of technical analysis?
What tools / strategies do you use?

Thanks!

....

For chart based analysis, I think knowing the nuances of diagrams for bubbles and other basic fundamental concepts is a good start. AFAIK there's an entire school of thought devoted towards analyzing chart formations and shapes. I read a book on chart analysis once. The only chart formation I remember is "head and shoulders".  :/

Chart based analysis, like any anylysis involving pure market mechanics may be unreliable for bitcoin trading. A high percentage of bitcoin price movements may be generated from unpredictable events, news stories, laws and legislature, SEC rulings. Things that can't be predicted via market mechanics or chart diagrams. A person might need insider sources to predict the majority of crypto price swings.

The exception could be pump and dump. I think that might be identifiable by a surge in buying which precedes the pump cycle. Not certain how predictable it is or what the timeframe looks like. Maybe a person would need a bot to recognize the signals and trigger a buy.