1. Trend Definition
- Use moving averages (SMA, EMA) to identify long-term and short-term trends.
- RSI and MACD help determine the strength of the trend and possible reversals.
2. Support and Resistance Levels
- Identify key support and resistance zones on the chart.
- Use Fibonacci to find potential retracement points.
3. Volume Analysis
- High volume during a breakout confirms the strength of the movement.
- OBV (On-Balance Volume) helps understand where capital is moving.
4. Patterns and Candlestick Models
- Flag, triangle, head and shoulders are classic patterns indicating trend continuation or reversal.
- Candlestick patterns (hammer, doji, engulfing) provide signals of direction change.
5. Volatility Indicators
- Bollinger Bands indicate overbought and oversold levels.
- ATR (Average True Range) helps assess market volatility.
6. Risk Management
- Stop-loss and take-profit are essential for capital protection.
- Risk management: do not risk more than 1-2% of your deposit on a trade.
7. BTC and ETH Correlation
- $BTC often sets the overall trend, but ETH can move faster.
- Watch BTC dominance and its impact on altcoins.