RE: Steemit Crypto Academy Contest / S4W1 - Crypto Market Technical Analysis by @bamus-official
Technical analysis, traders can simply identify a wrong or fake trend and as well exercise patience to look for a good entry.
Yeah that’s true, we can as well set stop loss level in case the market fails to move in our direction, this will manage risk and prevents further loss of assets.
the First importance is to pick the chart type that you found yourself to be comfortable with,
Yes, different strategies work with different chart, we should always test our strategies to find a suitable and profitable chart for it.
ensure to make use of two to three indicators before making your entry as there is nothing like 100 % accuracy
Yeah, no indicator is perfectly reliable and we should always combine them to filter out false signals.
Please find time to visit my post as well. Good luck!!