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How does technical analysis work?
1. Price charts:📊
Price charts show the evolution of a cryptocurrency's price over time, allowing the identification of patterns and trends.
2. Technical indicators:📈
Technical indicators are mathematical calculations based on price and volume data, used to confirm or refine signals from the charts. Examples of technical indicators include moving averages, the relative strength index (RSI), and Bollinger Bands.
3. Chart patterns:📉
Chart patterns are formations that can be identified in price charts and may indicate possible future movements. Examples of patterns include head and shoulders, double tops and bottoms, and triangles.
4. Volume analysis:📑
Trading volume is also important, as it can indicate the strength of a trend or a change in market sentiment.
1. Price charts:📊
Price charts show the evolution of a cryptocurrency's price over time, allowing the identification of patterns and trends.
2. Technical indicators:📈
Technical indicators are mathematical calculations based on price and volume data, used to confirm or refine signals from the charts. Examples of technical indicators include moving averages, the relative strength index (RSI), and Bollinger Bands.
3. Chart patterns:📉
Chart patterns are formations that can be identified in price charts and may indicate possible future movements. Examples of patterns include head and shoulders, double tops and bottoms, and triangles.
4. Volume analysis:📑
Trading volume is also important, as it can indicate the strength of a trend or a change in market sentiment.
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#CEXvsDEX101
CEX and DEX Advantages
Centralized exchanges (CEX), such as Binance or Coinbase, offer greater liquidity, a more intuitive user interface, and technical support, making them ideal for beginners.
Decentralized exchanges (DEX), such as Uniswap or Sushiswap, provide greater privacy, total control over assets, and access to niche tokens, but may have lower liquidity and a more complex interface.
CEX and DEX Advantages
Centralized exchanges (CEX), such as Binance or Coinbase, offer greater liquidity, a more intuitive user interface, and technical support, making them ideal for beginners.
Decentralized exchanges (DEX), such as Uniswap or Sushiswap, provide greater privacy, total control over assets, and access to niche tokens, but may have lower liquidity and a more complex interface.
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#TradingTypes101
Scalpers:
They operate on very short time frames, seeking profits from small price movements, sometimes within seconds or minutes.
Day Traders:
They open and close positions within the same day, aiming to capture intraday movements.
Swing Traders:
They hold positions for several days or weeks, capitalizing on short- to medium-term trends.
Position Traders:
They adopt a long-term strategy, holding positions for weeks, months, or even years, looking to take advantage of long-term price trends.
Scalpers:
They operate on very short time frames, seeking profits from small price movements, sometimes within seconds or minutes.
Day Traders:
They open and close positions within the same day, aiming to capture intraday movements.
Swing Traders:
They hold positions for several days or weeks, capitalizing on short- to medium-term trends.
Position Traders:
They adopt a long-term strategy, holding positions for weeks, months, or even years, looking to take advantage of long-term price trends.
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