Chapter 16
Using Technical Analysis
IN THIS CHAPTER
Understanding the idea behind technical analysis and why investors use it
Identifying key support and resistance levels on a chart
Introducing popular chart patterns in bearish and bullish markets
Getting a grip on basic and sophisticated moving averages
Some people believe that the financial markets, crypto or otherwise, are just another form of legalized gambling. They believe that the markets move randomly and have no connection to market psychology or to the fundamentals, such as the state of the economy or the people behind a blockchain technology.
I’m not one of those people. Over years of observing and investing in many different markets, I (along with many other fellow investors) have come to see history repeating itself in the markets over and over again. The markets move as a result of a combination of the three top points of the Invest Diva Diamond Analysis (IDDA), which I showcase in Chapter 9:
- Fundamental analysis
- Market sentiment analysis
- Technical analysis
Flip to Chapter 9 for basics of fundamental and market ...
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