Basics of Technical Analysis

In this post,we will go through some of the questions which are very normal in crypto currency field.

But before all this,let me clear something. Many people think that Technical Analysis is very difficult.
Trust me..Its not the rocket science which we cannot understand, but its not that easy also..
It takes time and requires a lot of practice.

Technical Analysis are used in many other field also.
It is used in Crypto currency, forex, commodities and Share market.

So first question is-

What is Technical Analysis?

Technical analysis is the study of market action, primarily through the use of charts, for the purpose of forecasting future price trends.
It works on 3 things- Price, volume and Open Interest.

And there are three premises on which the technical approach is based:

1. Market action discounts everything.
2. Prices move in trends.
3. History repeats itself.

After considering all these points, someone has to move forward to technical analysis..

So,this was the very basic regarding Technical analysis...In coming days, you will be seeing many more things.

You can share your views also..

Cheers!!!

B