When you are new in Cryptocurrency, you might have heard the word ”Technical Analysis” before, but what is technical analysis exactly?
We will try briefly in this article, to explain what technical analysis is and why you should use it.
Technical analysis is a tool for every trader, regarding you are talking stocks or cryptocurrency. With these tools you will be able to analyse the cryptocurrency you want to invest in, it should give you an idea of whether or not it’s a good idea to invest now or wait, or maybe not invest at all.
It is not 100% accurate and it is not going to give you the recipe to become a millionarie tomorrow, but it should be able to help you not to make to many mistakes.
There are hundreds of different terms and analysis you can choose to apply, and it is hard to know what you should use. We have made a quick and short guide, on our top 5 key tools, for technical analysis. You can find our guide here.
We would also like to give you the opportunity, to practise your self and read about all the diferent tools in technical analysis. Therefore we would recommend reading this PDF file, here you will find every tool and it comes with an explanation/graph.
When you are ready to try it out yourself, we have made it possible for you to practise right here.
Feel free to leave a comment below, if you have further comments or questions.