#CryptoMarket4T 4 lesson from the book "Technical Analysis. Complete Course" by Jack Schwager 📚

A classic from 1995, in which Schwager analyzes charts, patterns, and psychology as parts of a single logic. This is not a pattern reference, but a decision-making structure.

▪️ Breakout without volume – noise. For example, a "double bottom" is considered confirmed only when volume increases on the breakout above resistance.

▪️ RSI above 70 – not a sell signal. In a trend, this is normal. Indicators are filters, not "buy/sell" buttons.

▪️ Pattern without momentum – a trap. A "flag" works after a strong move. In a sideways market – garbage. For example, a triangle is considered broken only with increased volume and a closing of the line.

▪️ Accuracy won't save you without stops. Schwager insists: every trade should have a fixed stop (for example, 1-2% of the deposit). An example in the book – a comparison of two systems: one with a 50% win rate and a risk of 1:3 yields profit, the other with 70%, but without stops – loses.

📌 Respect the market. It is always right. The goal is not to predict, but to work with what is visible.