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What are the best resources for learning about chart analysis in crypto day trading?

avatarRussell HauserNov 28, 2021 · 3 years ago3 answers

I'm new to crypto day trading and I want to learn more about chart analysis. Can you recommend some reliable resources that can help me understand and improve my chart analysis skills in the context of crypto day trading?

What are the best resources for learning about chart analysis in crypto day trading?

3 answers

  • avatarNov 28, 2021 · 3 years ago
    Sure! When it comes to learning about chart analysis in crypto day trading, there are several great resources you can explore. One popular option is Investopedia, which offers comprehensive guides and tutorials on technical analysis and chart patterns specifically tailored for cryptocurrency trading. Another valuable resource is TradingView, a platform that provides real-time charts, indicators, and analysis tools for various cryptocurrencies. Additionally, you can check out online communities like Reddit's r/CryptoCurrency and r/Daytrading, where experienced traders often share insights and discuss chart analysis techniques. Remember to practice what you learn and analyze historical data to gain practical experience in chart analysis.
  • avatarNov 28, 2021 · 3 years ago
    Hey there! If you're looking to dive into chart analysis for crypto day trading, you're on the right track. One resource I highly recommend is the book 'Technical Analysis of the Financial Markets' by John J. Murphy. It's a comprehensive guide that covers various chart patterns, indicators, and trading strategies applicable to both traditional markets and cryptocurrencies. Another useful resource is YouTube, where you can find many educational channels and tutorials dedicated to chart analysis in crypto trading. Lastly, don't forget to join online trading communities and forums like Bitcointalk and Stack Exchange, where you can interact with experienced traders and gain valuable insights.
  • avatarNov 28, 2021 · 3 years ago
    At BYDFi, we understand the importance of chart analysis in crypto day trading. To enhance your skills in this area, we recommend checking out educational platforms like Udemy and Coursera. These platforms offer a wide range of courses on technical analysis and charting techniques, taught by industry experts. Additionally, you can explore online blogs and websites such as CoinDesk, CoinMarketCap, and CryptoCompare, which provide in-depth articles and analysis on chart patterns and trading strategies. Remember to stay updated with the latest news and developments in the crypto market to make informed trading decisions.