Technical fee: Analysis of price diagrams of Krypto market information
The world of cryptominations has become increasingly popular in recent years, with new coins and tokens appearing daily. While many investors are attracted to the potential of high yields, there is often a more detailed approach to making founded decisions on investing in the cryptocurrency. The technical fee, namely the analysis of flood maps, can provide valuable information on market trends and patterns.
Understanding price diagrams
The price diagram is a graphical representation of security prices. This ensures the visual representation of the upward or downward trend of safety and the level at which it has reached its historical performance. Technical analysts use various technical indicators to analyze these graphs and predict future market movements.
Main indicators
Many key technical indicators are used to analyze price diagrams:
1.
- Relative Strength Index (RSI) : This indicator measures the power of recent prices to ensure the difference between the current price and the diameter of 50 days.
3
Bollinger Bars : These indicators represent two standard differences above and below the 21 -day sliding diameter of security, a review of volatility and trends.
- Stuchastic oscillator : This indicator calculates the percentage of time when the oscillator is above or below a certain level, promoting the identification of excessive and excessive conditions.
Analysis of price diagrams
Short and long -term trends should be taken into account when analyzing the information related information information. Here are some key messages:
* Trends : Identify the general security trend by examining the short-term (7-50 days) and long-term (200 days) sliding diameter.
* Support and Resistance : Find areas where the price is constantly reflected, indicating a strong level of support and areas where the price has fallen historically, indicating the resistance level.
* Candle samples : Learn candles patterns to identify potential purchase or sales signals, for example:
+ Bullish Absorption: The green pattern of absorption indicates a potential increase.
+ Bear flooding: The red absorption pattern indicates a potential decrease.
+ Hammer: The shape of the hammer denotes a potential purchase signal.
* Men’s Borders : Identify areas where the price has found historically support and resistance as they can give traces of future prices.
Case Study: Bitcoin
Bitcoin (BTC) elementary analysis charts to demonstrate how to apply the technical fee:
In 2017, bitcoins experienced a significant increase in prices after the event, which reduced their offer. This has led to a rapid increase in demand and prices above $ 20,000.
There are many key indicators here during this period:
* The average diameter
: The 50 -day and 200 -day sliding diameter exceeded the resistance level.
* Relative Power Index (RSI)
: RSI was sold, suggesting that security has reached the low point.
* Bollinger bands : Bands were inflated with price, indicating increased volatility.
A combination of these indicators suggests that the price is likely to continue upward. In 2019, bitcoins experienced another significant price increase after half -lengths and spent more than $ 40,000.
Conclusion
The technical fee provides a valuable tool for analyzing price diagrams and identifying potential trends, support and resistance levels.
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