$BTC #TradingAnalysis101 Trading Analysis 101: A Comprehensive Guide
Types of Trading Analysis
1. *Technical Analysis*: Studies charts and patterns to predict future price movements.
2. *Fundamental Analysis*: Examines economic, financial, and social factors to evaluate a cryptocurrency's value.
3. *Sentiment Analysis*: Analyzes market emotions and attitudes to gauge potential price movements.
Technical Analysis Tools
1. *Charts*: Visual representations of price movements, including line charts, bar charts, and candlestick charts.
2. *Trend Lines*: Lines drawn to connect a series of highs or lows, indicating trends and potential reversals.
3. *Support and Resistance*: Key price levels where buying or selling pressure is strongest.
4. *Indicators*: Mathematical calculations based on price and volume data, such as Moving Averages, RSI, and Bollinger Bands.
Fundamental Analysis Factors