Why Technical knowledge is important in Crypto Trading || homework submitted by @stream4u
(
)
Hi everyone! Welcome me as new crypto trader. I am interested to know about crypto from this Crypto Academy course. Thanks to @steemitblog for taking such an initiative
In this post I will complete the hometask of Professor @steem4u.
We hope Uptrendpto-academy will help us to learn the things we need to know before starting a new trading. Those who are interested in learning new crypto trading like me will benefit a lot. Technical knowledge is very important. It is very important to have internal and external knowledge about that business before starting a business.
What is the role of a Technical chart?
One must have knowledge of technical charts before starting crypto trading. Because from the chart, important decisions of crypto trading are made. Such as when you invest or when you buy or when you sell.
A trading chart is a sequence of prices drawn over a certain time frame, mean The chart helps to decide the future movement by looking at the previous price movement of a coin. Charts are called the heart of crypto trading.
Trading chart can also be of great use to fundamental analysts due to their easy-to-read graphical representation of a security’s price movement over a specific period of time. Technical analysis is the best way to monitor crypto market.
The market is also constantly monitored for visual movements by looking at the trading charts.
Why do you think Technical knowledge is important.
I would say technical knowledge is the key to crypto trading. The harder it is to master, the better the chances of achieving crypto market success after mastering. It is possible to predict the future movement of a coin through technical knowledge. If someone invests by reviewing a chart technically, he will definitely be able to make a profit.
Uptrend or downtrend, which one is good for buy a coin, explain why?
Uptrend:
Uptrend describe the price upward or getting higher. When the price of an asset just points upwards, Usually the best time to sell.
Downtrend:
Downtrend opposite of uptrend, It’s when a stock price is moving downward or getting lower.
Uptrands give traders the opportunity to buy less, sell higher, The right time to invest when an asset is lower or downtrend. And when it grows or point uptrend , it is sure to make a profit.
(
)
Screenshot was taken from my Binance Account on Steemit/BTC trading pair.
We hope Uptrendpto-academy will help us to learn the things we need to know before starting a new trading. Those who are interested in learning new crypto trading like me will benefit a lot. Technical knowledge is very important. It is very important to have internal and external knowledge about that business before starting a business.
What is the role of a Technical chart?
One must have knowledge of technical charts before starting crypto trading. Because from the chart, important decisions of crypto trading are made. Such as when you invest or when you buy or when you sell.
A trading chart is a sequence of prices drawn over a certain time frame, mean The chart helps to decide the future movement by looking at the previous price movement of a coin. Charts are called the heart of crypto trading.
Trading chart can also be of great use to fundamental analysts due to their easy-to-read graphical representation of a security’s price movement over a specific period of time. Technical analysis is the best way to monitor crypto market.
The market is also constantly monitored for visual movements by looking at the trading charts.
Why do you think Technical knowledge is important.
I would say technical knowledge is the key to crypto trading. The harder it is to master, the better the chances of achieving crypto market success after mastering. It is possible to predict the future movement of a coin through technical knowledge. If someone invests by reviewing a chart technically, he will definitely be able to make a profit.
Uptrend or downtrend, which one is good for buy a coin, explain why?
Uptrend:
Uptrend describe the price upward or getting higher. When the price of an asset just points upwards, Usually the best time to sell.
Downtrend:
Downtrend opposite of uptrend, It’s when a stock price is moving downward or getting lower.
Uptrands give traders the opportunity to buy less, sell higher, The right time to invest when an asset is lower or downtrend. And when it grows or point uptrend , it is sure to make a profit.
To the attention of Professor @stream4u this is my new homework. I am really enjoying learning.thank you.
Special regards
Cc: @steemcurator01
Cc: @steemcurator02