Crypto Trading Technical Analysis | Learn TA Part 6: Trend Lines, Support & Resistance, Entry & Exit

How To Crypto Trading And Technical Analysis | Learn TA Part 6: Trend Lines, Support & Resistance, Entry & Exit Positions

Technical analysis is often perceived as magic. Analysts seem to be forecasting the weather and able to predict what is about to happen next, making profits by doing so.

Besides news or fundamentals, an important part of predicting the movements of a market lies in what can be seen on the chart. That is exactly how technical analysts create their predictions.

Crypto trading is volatile, and traders are constantly looking for ways to profit from it. Using technical analysis is one of the best ways to identify trades in volatile markets.

Technical analysis describes past price action and extrapolates it forward. Of course, nothing lasts forever, which is why traders carefully place a stop-loss on each trade at certain price levels, based on the analysis.

Over the next few minutes, we’ll discuss a popular technical analysis tool called trend lines. Many traders love using trend lines because they provide excellent risk versus reward.

Trend Lines: How to Draw and Use Them for Crypto Trading
https://learn.bybit.com/indicators/trend-lines/

How to Trade with Trend Lines: A Full Guide exemplified by Good Crypto
https://goodcrypto.app/how-to-trade-with-trend-lines-a-full-guide-exemplified-by-good-crypto/

Playlist for the entire series:
https://www.youtube.com/watch?v=9ht2eJhl5nQ&list=PL8f_JJfxrjYpGgIjcgt-zFtWcVXJN7tEp

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