If you are looking for technical analysis videos and charts about Bitcoin follow me over at Twitter, and check the videos out at YouTube. That being said; Bitcoin is in a channel trade between 2700-2900; building support in that range before going higher; the PSAR and MACD indicators are both bullish on the day chart.
Latest Technical Analysis Video:https://www.youtube.com/watch?v=-tzSNPfcZhs
Latest Day chart:https://twitter.com/ChartsCrypto/status ... 9684542464
Twitter: https://twitter.com/ChartsCrypto
Youtube: https://www.youtube.com/channel/UC4dVJF ... YWB71Cp7Ow
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ChartsCrypto
- Posts: 2
- Joined: Sat Jun 10, 2017 6:31 am
- Contact: Website Twitter
Re: Technical Analysis
Wow, cool. Thanks for offering up your analysis for us to read and follow.
I have two requests for you:
1. Can you provide some posts here that educate our community on what technical analysis is and why we should have knowledge of it as we invest? Many of us don't know much about technical analysis, e.g., what are "bands"? what is the MACD and why does it matter in technical analysis?
2. Can you provide some teasers about the deeper analysis you have on you YouTube channel to give us a reason why we should "tune in now"? Maybe we're approaching some key support or resistance level or maybe we're poised for a breakout. Your posts here could represent alerts for us to understand key points in the trading lifecycle.
Thank you for sharing this!
I have two requests for you:
1. Can you provide some posts here that educate our community on what technical analysis is and why we should have knowledge of it as we invest? Many of us don't know much about technical analysis, e.g., what are "bands"? what is the MACD and why does it matter in technical analysis?
2. Can you provide some teasers about the deeper analysis you have on you YouTube channel to give us a reason why we should "tune in now"? Maybe we're approaching some key support or resistance level or maybe we're poised for a breakout. Your posts here could represent alerts for us to understand key points in the trading lifecycle.
Thank you for sharing this!
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ChartsCrypto
- Posts: 2
- Joined: Sat Jun 10, 2017 6:31 am
- Contact: Website Twitter
Re: Technical Analysis
"1. Can you provide some posts here that educate our community on what technical analysis is and why we should have knowledge of it as we invest"
Actually that is exactly what I have been doing with the videos. I have already mentioned various uses of the indicators on the daily and hourly charts in most of the videos. It should not be hard for a person to learn Technical Analysis just by watching the past videos and comparing the information in the videos; to what the chart looks like now.
Technical analysis is easy to learn and difficult to master (if you don't put time into it); the more time you look at charts, and recognize patterns the easier it becomes. Technical Analysts use MACD, PSAR, BBand's, and support and resistance as a means to predict when the market will go up, and go down to minimize loss and maximize profit. MACD is a lagging indicator therefore it takes about a day and a half for the information on the 1hr chart to translate to the daily chart.
Therefore analysts use the 1hr chart with the MACD crossovers as a means to determine if a dip is going to occur or if a rebound is going happen. Generally MACD alone is a good enough indicator on the 1hr chart to predict market movement weather it is up or down. MACD does not say anything about the price or future price it just states the trend on the chart.
Using MACD crossovers on a day chart combined with PSAR and BBand's; makes it possible to determine when the chart will start a rally, enter reversal, or continue going up. Generally a bullish MACD crossover on the day chart will indicate green days; and a bearish MACD crossover will indicate potential red days or the potential to enter into a channel trade. If BBand's tighten up on the day chart before a bullish MACD crossover it generally indicates a rally, if PSAR is also bullish on that day chart; it generally confirms a rally is going to happen.
There are many things that these 3 indicators can tell about the chart; such as support building (channel trade), the lowest possible price (best entry, maximize profit), and exiting before a reversal (minimizing loss). More could be learned through watching the videos, or searching the internet. Wall St, and traders in general (technical analysts) have been using these methods for decades to become rich; a similar trend is now occurring with the alt-coins; where experienced traders manipulating the chart to make crazy % returns. There are obviously more things to learn such as opportunity cost, trader psychology, more indicators, etc... I do touch on some these topics in the videos. It is simply too much to write and it is faster to show than to explain with words.
"2. Can you provide some teasers about the deeper analysis your have on you YouTube channel to give us a reason why we should "tune in now"? "
I make conclusions based off the information presented on the chart; rather than hype, or news. Since the chart changes on a daily basis the information in the videos about current trends are only good for about a day or two. Currently there are videos on Monday, Wednesday, and Friday; however in the future there will be live streams, alt-coin videos, tutorials, a news series that looks at development within the various communities of crypto's, and potentially even guests. But... for that to occur I require a larger audience so the opportunity cost of doing such content becomes worth it.
Actually that is exactly what I have been doing with the videos. I have already mentioned various uses of the indicators on the daily and hourly charts in most of the videos. It should not be hard for a person to learn Technical Analysis just by watching the past videos and comparing the information in the videos; to what the chart looks like now.
Technical analysis is easy to learn and difficult to master (if you don't put time into it); the more time you look at charts, and recognize patterns the easier it becomes. Technical Analysts use MACD, PSAR, BBand's, and support and resistance as a means to predict when the market will go up, and go down to minimize loss and maximize profit. MACD is a lagging indicator therefore it takes about a day and a half for the information on the 1hr chart to translate to the daily chart.
Therefore analysts use the 1hr chart with the MACD crossovers as a means to determine if a dip is going to occur or if a rebound is going happen. Generally MACD alone is a good enough indicator on the 1hr chart to predict market movement weather it is up or down. MACD does not say anything about the price or future price it just states the trend on the chart.
Using MACD crossovers on a day chart combined with PSAR and BBand's; makes it possible to determine when the chart will start a rally, enter reversal, or continue going up. Generally a bullish MACD crossover on the day chart will indicate green days; and a bearish MACD crossover will indicate potential red days or the potential to enter into a channel trade. If BBand's tighten up on the day chart before a bullish MACD crossover it generally indicates a rally, if PSAR is also bullish on that day chart; it generally confirms a rally is going to happen.
There are many things that these 3 indicators can tell about the chart; such as support building (channel trade), the lowest possible price (best entry, maximize profit), and exiting before a reversal (minimizing loss). More could be learned through watching the videos, or searching the internet. Wall St, and traders in general (technical analysts) have been using these methods for decades to become rich; a similar trend is now occurring with the alt-coins; where experienced traders manipulating the chart to make crazy % returns. There are obviously more things to learn such as opportunity cost, trader psychology, more indicators, etc... I do touch on some these topics in the videos. It is simply too much to write and it is faster to show than to explain with words.
"2. Can you provide some teasers about the deeper analysis your have on you YouTube channel to give us a reason why we should "tune in now"? "
I make conclusions based off the information presented on the chart; rather than hype, or news. Since the chart changes on a daily basis the information in the videos about current trends are only good for about a day or two. Currently there are videos on Monday, Wednesday, and Friday; however in the future there will be live streams, alt-coin videos, tutorials, a news series that looks at development within the various communities of crypto's, and potentially even guests. But... for that to occur I require a larger audience so the opportunity cost of doing such content becomes worth it.
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