Quote from: MaidaKalani on June 08, 2018, 09:25:25 AM

Methods of Bitcoin Technical Analysis

To analyze Bitcoin technical differ from fundamental analysis, Bitcoin's technical method relies more on monitoring of prices already displayed on the chart.
For technicalists (chartist) use a practical way of detecting historical data on price charts, with a variety of analysis tools to gain better understanding and prediction.
For those who use technical analysis, a Bitcoin trader can know where the direction of the trend direction of important movements in price, market sentiment.

Methods of Bitcoin Technical Analysis to consider in Bitcoin trading:

1.Market displays everything.
Whether it's past, present, or in the future, everything is already listed on the chart.
For the case of Bitcoin, the calculated variables are demand in the previous time, present, and future, as well as regulatory changes that may affect the value of Bitcoin prices.
For now the current price clearly shows all the information that a technical trader needs to take a position.

2.The price movement is not entirely random.
because it usually follows a trend that is formed in the short term or long term.
Once created a price trend will tend to follow the pattern, which is why traders always try to estimate the best trends possible.
The better they can know the direction and strength, the greater the profitability they can accumulate.

3. 'What' is more important than 'Why'.
The technicalists tend to focus on what can be analyzed on the chart rather than figuring out the reasons behind the price changes on the chart.

4.History always repeats.
Based on this principle all the assumption that the psychology of the market is actually very easy to guess.
The proof can be seen from the common behavior of most traders when prices move in a pattern or at certain levels.

Good considerations mate; however, as much as those criteria could be good indicators, you can't always bet on it that it will happen because the cryptocurrency market is always changing and it changes quite fast. Therefore, to me, check on what's happening around the market regularly, not only basing on news or trends. You should also check how the market is moving in terms of how the coins, not only the ones you have, but a majority of them is moving. At least, that way, you can get a feel of how the market is moving in general, which can help you decide on your future moves.