You are viewing a single comment's thread from:

RE: Steemit Crypto Academy Contest / S4W1 - Crypto Market Technical Analysis by @jasminemary

in SteemitCryptoAcademy2 years ago

However, technical analysis isn't really deterministic when used in the crypto ecosystem.

Yeah this is true, technically analysis only tells the trader the next possibility of the market. The percentage of possibility depends on the traders knowledge and experience with technical analysis.

identifying of market trend is the first thing that you need to put in place when dealing with technical analysis

As the saying goes, trend is your friend, you identify trend and you can maximize you profit in no time. The outcome of every technical analysis is to identify trend.

My Favorite is Relative Strength Index (RSI)

I have use this indicator very often combined with Ichimoku cloud and MA cross. It’s a good indicator for identifying trend reversal, using the overbought and oversold regions.

Please find time to visit my post as well. Good luck!!

https://steemit.com/hive-108451/@sadiqxylo/steemit-crypto-academy-contest-season-4-week-1-crypto-market-technical-analysis-by-sadiqxylo

Sort:  
 2 years ago 

I am grateful that you stopped by.