$BTC th Transaction: How to Use Technical Analysis Tools (Beginner's Edition) Want to use technical analysis for short-term trading? Don't be intimidated by complex indicators! Remember 3 types of tools + 5 practical tips, and beginners can quickly get started.
1. First Look at Trends: Determine whether it's rising or falling?
Core: Go with the trend, don't go against the big direction!
1. Moving Average (MA): Helps you highlight key points
Commonly used are two lines:
50-day Moving Average (short to medium term): Price above → short-term rise, below → short-term fall.
200-day Moving Average (long term): Breaking below it → long-term turns bearish, breaking above it → long-term turns bullish.
Key Signals:
Golden Cross: 50-day Moving Average crosses above 200-day Moving Average → bullish, suitable for going long
Death Cross: 50-day Moving Average crosses below 200-day Moving Average → bearish, suitable for going short.