{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=EN&target_lang=PL&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=An+introduction+to+cryptocurrency+trading%3A+Tickers%2C+markets%2C+reading+charts%2C+and+more&text=Looking+to+get+started+trading+cryptocurrency%3F+We+cover+everything+you+need+to+know+-+including+what+tickers+are%2C+how+to+read+candles+and+charts%2C+explore+moving+averages%2C+and+more.&text=%3Cem%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%E2%80%9CI+am+new+to+crypto%2C+I+see+these+trading+graphs+with+lines+and+I+read%2Fhear+all+these+buzzwords+but+have+no+idea+what+they+mean+and%2For+where+to+start.%E2%80%9D%3C%2Fspan%3E%3C%2Fem%3E%0A%3Ch2%3E%3Cb%3EUnderstanding+Tickers%2F+Markets%3C%2Fb%3E%3C%2Fh2%3E%0A%3Cb%3E%3C%2Fb%3EThe+first+thing+you+need+to+know+when+starting+to+learn+how+to+trade+cryptocurrencies+is+how+to+identify+individual+coins+and+the+different+markets+that+you+can+trade+them+on.+Websites+like+%3Ca+href%3D%22http%3A%2F%2Fwww.tradingview.com%22%3ETradingview.com%3C%2Fa%3E+and+Investing.com+are+great+places+to+start%2C+and+offer+free+cryptocurrency+charts+for+you+to+analyze+and+get+to+grips+with.%0A%3Ch3%3ETicker%3C%2Fh3%3E%0AEach+cryptocurrency+has+its+own+%E2%80%98ticker%E2%80%99+or+abbreviated+symbol+that+is+used+to+identify+it+when+trading+on+an+exchange+or+viewing+a+trading+chart.+%3Ca+href%3D%22https%3A%2F%2Fdev.coininsider.com%2Fcoin%2Fbitcoin-price%22%3EBitcoin%3C%2Fa%3E+has+the+ticker+%E2%80%98BTC%E2%80%99%2C+%3Ca+href%3D%22https%3A%2F%2Fdev.coininsider.com%2Fcoin%2Fethereum-price%22%3EEthereum%3C%2Fa%3E+has+the+ticker+%E2%80%98ETH%E2%80%99%2C+%3Ca+href%3D%22https%3A%2F%2Fdev.coininsider.com%2Fcoin%2Flitecoin-price%22%3ELitecoin%3C%2Fa%3E%E2%80%99s+ticker+is+%E2%80%98LTC%E2%80%99+and+so+on.+You+can+find+out+a+cryptocurrency%E2%80%99s+ticker+simply+by+searching+for+it+on+Coinmarketcap.com+or+any+other+coin+listing+website.%0AA+cryptocurrency%E2%80%99s+ticker+does+not+change%2C+it+is+the+same+across+every+exchange+and+cannot+be+altered.%0A%3Ch3%3EMarkets%3C%2Fh3%3E%0AWhen+trading+on+an+exchange+or+analyzing+a+cryptocurrency%E2%80%99s+chart%2C+you+are+limited+to+specific+fiat+and+cryptocurrencies+that+another+digital+asset+can+be+traded+against.+A+%E2%80%98market%E2%80%99+refers+to+these+fundamental+currencies.%0A%0ABitcoin%2C+Ethereum+and+USDT+%28%3Ca+href%3D%22https%3A%2F%2Fdev.coininsider.com%2Fcoin%2Ftether-price%22%3ETether%3C%2Fa%3E%29+are+the+3+main+cryptocurrency+markets+that+you+will+come+across+on+digital+asset+exchanges.+For+those+of+you+who+aren%E2%80%99t+familiar+with+Tether%2C+it+is+essentially+a+virtual+currency+version+of+the+US+dollar+which+can+traded+as+digital+fiat%2C+where+each+USDT+token+is+pegged+to+1+real+USD+in+order+to+stabilize+its+price+against+crypto+market+volatility.%0A%0AThis+means+that+if+you+are+planning+on+buying%2F+selling+or+researching+a+particular+coin%2C+you+will+need+to+determine+which+trading+pair+or+%E2%80%98market%E2%80%99+you+would+like+to+do+so+in.+For+example%2C+if+you+are+interested+in+buying+Stellar+Lumens+%28XLM%29+and+you+already+own+Ethereum%2C+you+will+need+to+trade+on+the+XLM%2FETH+market.+The+same+goes+for+if+you+are+interested+in+analyzing+%3Ca+href%3D%22https%3A%2F%2Fdev.coininsider.com%2Fcoin%2Fstellar-lumens-price%22%3EStellar+Lumen%E2%80%99s%3C%2Fa%3E+price+against+Ethereum+on+a+trading+chart.%0A%0AWhen+trading+on+a+crypto+exchange+in+particular%2C+a+vast+majority+of+platforms+tend+to+exclusively+support+crypto-crypto+trading+pairs+only.+There+are+some+exchanges+however%2C+which+allow+fiat+currency+trading+pairs+but+these+are+exclusively+limited+to+major+circulating+currencies%3A+US+dollar+%28USD%29%2C+Japanese+Yen+%28JPY%29%2C+Great+British+Pound+%28GBP%29%2C+Korean+Won+%28KRW%29+and+the+Chinese+Yuan+%28CNY%29.+When+analysing+or+trading+against+a+fiat+currency+pairing%2C+you+use+each+ticker+shown+above%2C+in+exactly+the+same+way+as+you+would+against+a+cryptocurrency.%0A%3Ch2%3E%3Cb%3EIntro+to+Candlesticks+And+Charts%3C%2Fb%3E%3C%2Fh2%3E%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3ESo+now+that+you+understand+how+to+identify+and+search+for+particular+crypto+assets+in+each+market%2C+the+next+step+is+grasping+the+basic+fundamentals+of+a+trading+chart+and+what+all+the+data+means.%3C%2Fspan%3E%0A%0A%3Cimg+class%3D%22alignnone+size-full+wp-image-82749%22+src%3D%22https%3A%2F%2Fdev.coininsider.com%2Fwp-content%2Fuploads%2F2018%2F07%2FScreen-Shot-2018-07-28-at-19.59.40.png%22+alt%3D%22%22+width%3D%22981%22+height%3D%22599%22+data-wp-pid%3D%2282749%22+%2F%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EAbove+is+an+image+of+what+a+typical+crypto+trading+chart+looks+like.%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EFirst+off+you+can+tell+by+the+tickers+in+the+top+left-hand+corner+that+this+is+a+chart+of+%3Ca+href%3D%22https%3A%2F%2Fdev.coininsider.com%2Fbitcoin-trader-review%2F%22%3EBitcoin+trading%3C%2Fa%3E+against+the+US+dollar.%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EAlong+the+bottom+of+the+chart+you+have+the+date%2C+on+the+sides+you+have+the+price+%28which+in+this+case+is+in+dollars%29+and+also+a+real-time+price+line+which+tells+you+what+price+BTC+is+trading+at.+%3C%2Fspan%3E%0A%3Ch3%3E%3Cstrong%3ECandles+%3C%2Fstrong%3E%3C%2Fh3%3E%0A%3Cb%3E%3C%2Fb%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EThe+chart+itself+is+composed+of+%E2%80%98candlesticks%E2%80%99+or+%E2%80%98candles%E2%80%99+which+are+usually+green+and+red+in+colour%2C+and+are+used+to+represent+an+asset%E2%80%99s+%E2%80%98price+action%E2%80%99.+This+simply+refers+to+an+asset%E2%80%99s+price+activity+or+direction+that+it+takes+in+the+market.%3C%2Fspan%3E%0A%0A%3Cimg+class%3D%22alignnone+size-full+wp-image-82747%22+src%3D%22https%3A%2F%2Fdev.coininsider.com%2Fwp-content%2Fuploads%2F2018%2F07%2Fs7louwm6BDp3Iuwz4S3gcew.png%22+alt%3D%22%22+width%3D%22327%22+height%3D%22424%22+data-wp-pid%3D%2282747%22+%2F%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EAlthough+they+may+look+very+confusing%2C+candles+are+actually+a+really+simple+and+effective+way+of+representing+an+asset%E2%80%99s+market+movements.+Green+candles+are+known+as+%E2%80%9Cbullish%E2%80%9D+candles%2C+that+is%2C+when+the+closing+price+finishes+higher+than+the+opening+price.+This+means+that+during+a+certain+time+period+the+asset+has+risen+in+value.+The+lines+above+and+below+a+candle+are+called+%E2%80%9Cwicks%E2%80%9D+and+they+represent+the+lowest+and+highest+price+points+that+the+asset+reached+during+that+particular+candle.+%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3ERed+candles+are+known+as+%E2%80%9Cbearish%E2%80%9D+candles+where+the+closing+price+finishes+below+the+opening+price.+This+means+that+the+asset+has+fallen+in+value.+In+the+example+shown+above+you+can+see+that+the+red+candle+has+no+wick+above+it.+This+occurs+when+an+asset+does+not+rise+any+higher+than+it%E2%80%99s+opening+price.+The+same+can+happen+with+wicks+below%2C+if+the+asset+does+not+fall+in+value+below+it%E2%80%99s+closing%2Fopening+price.+%3C%2Fspan%3E%0A%3Ch3%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3ETime+Periods%3C%2Fspan%3E%3C%2Fh3%3E%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3ENext+to+the+trading+pair+you+have+the+time+period+of+each+candle.+Time+periods+can+be+adjusted+at+will+to+minutes%2C+hours%2C+days%2C+weeks%2C+months+and+years.+%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EBy+altering+the+time+period%2C+you+increase+or+decrease+the+length+of+trading+time+that+a+candle+is+representing.%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EThis+is+a+useful+tool+that+allows+you+to+view+intraday%2C+daily%2C+weekly+or+monthly+charts+depending+of+what+type+of+trading+you%E2%80%99re+interested+in.+%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EFor+example%2C+if+you+set+the+time+period+to+5+minute+candles%2C+you+can+observe+the+price+action+much+more+closely+to+watch+for+sudden+deviations+-+this+is+great+if+you%E2%80%99re+looking+at+intraday+trading+and+want+to+open+and+close+quick+positions.+%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EDaily+candles+therefore+are+useful+for+long-term+investors+who+are+interested+in+%E2%80%98HODLing%E2%80%99+or+trading+an+asset+over+a+greater+length+of+time.%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3ETo+summarise+this+point+quickly%2C+depending+on+what+type+of+trading+you+are+looking+to+do+will+determine+what+sort+of+candle+time+range+you+use.+Short-term+investors+are+better+off+using+closer+ranged+candles%2C+anywhere+between+5+minutes+to+2+hours.+Mid+to+long-term+investors+will+tend+to+use+anything+from+4hr+candles+onward.+%3C%2Fspan%3E%0A%3Ch2%3EBasic+Terminology%3C%2Fh2%3E%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EOk+so+by+now+you+may+have+heard+a+few+buzzwords+in+this+guide+or+during+your+own+research+that+you+may+not+be+familiar+with%2C+some+of+which+are+common+trading+terms+and+others+which+are+uniquely+crypto-related.+Below+is+a+list+of+the+most+frequently+used+terms+that+you+will+undoubtedly+come+across+when+trading%2C+analysing+and+researching+cryptocurrencies%3B%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cb%3EHODL%3A+%3C%2Fb%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%E2%80%9C%3Ca+href%3D%22https%3A%2F%2Fdev.coininsider.com%2Fwhat-does-hodl-mean-cryptojargon%2F%22%3EHold+On+for+Dear+Life%3C%2Fa%3E%E2%80%9D.+This+is+a+hugely+popular+term+in+the+crypto+space+adapted+from+the+term+%E2%80%9Cto+hold%E2%80%9D.+The+word+comically+refers+to+when+crypto+investors+hold+on+to+their+crypto+portfolio%E2%80%99s+during+a+steep+market+decline.%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cb%3EFUD%3A+%3C%2Fb%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%E2%80%9CFear%2C+Uncertainty%2C+Doubt%E2%80%9D.+This+term+is+used+when+mainstream+media%2C+individuals+or+group+spread+rumours%2F+news+about+market+shortcomings+or+predict+bearish+drops+when+there+may+be+insufficient+evidence+to+support+it.+Sometimes+these+individuals+or+groups+are+said+to+be+%E2%80%9Cspreading+FUD%E2%80%9D+to+create+a+negative+response+in+the+market.+%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cb%3EAlt-Coins%3A+%3C%2Fb%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EThis+term+stands+for+%E2%80%98alternative+coins%E2%80%99+and+can+be+used+to+reference+any+cryptocurrency+that+was+created+after+Bitcoin.+Basically+every+coin+other+than+Bitcoin+is+an+alt-coin.%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cb%3E%0A%3C%2Fb%3E%3Cb%3EHard%2F+Soft+Forks%3A+%3C%2Fb%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%3Ca+href%3D%22https%3A%2F%2Fdev.coininsider.com%2Fwhat-are-bitcoin-forks%2F%22%3EForks+occur+in+blockchain+networks+for+a+number+of+reasons%3C%2Fa%3E%2C+usually+when+developers+wish+to+make+fundamental+changes+to+the+underlying+protocols+or+when+an+existing+blockchain+has+been+corrupted%2F+breached.+%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%3Cstrong%3EHard+fork%3A%3C%2Fstrong%3E+A+permanent+change+which+creates+an+entirely+new+blockchain%2C+rendering+the+old+chain+obsolete.+%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%3Cstrong%3ESoft+fork%3A%3C%2Fstrong%3E+These+are+temporary+divergences+in+the+blockchain+that+are+used+to+implement+network+upgrades+and+minor+modifications.+Both+the+%E2%80%98old+chain%E2%80%99+and+the+new+chain+are+still+compatible+with+each+other.+%3C%2Fspan%3E%3Cb%3E%0A%3C%2Fb%3E%3Cb%3E%0A%3C%2Fb%3E%3Cb%3ESegWit%3A+%3C%2Fb%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EThis+stands+for+%E2%80%98Segregated+Witness%E2%80%99+and+is+a+protocol+upgrade+that+reduces+block+sizes+by+removing+signature+information.+When+blockchains+like+Bitcoin+and+Litecoin+became+too+%E2%80%98heavy%E2%80%99+in+the+past%2C+they+both+employed+SegWit+as+a+means+of+reducing+their+block+sizes+to+help+with+scalability.+%3C%2Fspan%3E%3Cb%3E%0A%3C%2Fb%3E%3Cb%3E%0A%3C%2Fb%3E%3Cb%3EDLT%3A+%3C%2Fb%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%E2%80%9CDistributed+Ledger+Technology%E2%80%9D.+This+refers+to+the+decentralised+nature+of+blockchain+technology.+When+anybody+synchronises+to+a+blockchain+as+a+%E2%80%98node%E2%80%99%2C+they+each+have+a+complete+record+of+every+transaction+ever+made+over+that+particular+network.+This+means+that+the+ledger+is+distributed+worldwide+and+not+held+exclusively+by+any+single+party+or+organization.+Because+of+this%2C+it+is+virtually+impossible+to+corrupt+a+blockchain+ledger+because+you+would+have+to+change+every+single+nodes+ledger+individually.+%3C%2Fspan%3E%3Cb%3E%3C%2Fb%3E%0A%0A%3Cb%3EDecentralized%3A+%3C%2Fb%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EYou+will+see+this+term+%3C%2Fspan%3E%3Ci%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3Eeverywhere%3C%2Fspan%3E%3C%2Fi%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E.+Decentralisation+refers+to+the+concept+that+no+single+entity%2C+organization+or+nation+can+control+a+cryptocurrency+because+of+DLT.+It+also+means+that+a+blockchain+network+does+not+possess+any+single+point+of+failure+because+it+is+distributed+identically+across+the+world+to+thousands+of+people+%28Generally+speaking%29.+Unlike+fiat+currencies%2C+a+vast+majority+of+cryptocurrencies+have+finite+supplies+which+cannot+be+manipulated+or+changed+by+anyone%2C+even+their+own+creators.+Cryptocurrency+creators+also+do+not+possess+the+ability+to+reclaim+or+freeze+coins+once+they+have+been+released+after+an+ICO+onto+exchanges.+%3C%2Fspan%3E%3Cb%3E%0A%3C%2Fb%3E%3Cb%3E%0A%3C%2Fb%3E%3Cb%3EICO%3A+%3C%2Fb%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EThis+stands+for+%E2%80%9C%3Ca+href%3D%22https%3A%2F%2Fdev.coininsider.com%2Fwhat-is-an-initial-coin-offering%2F%22%3EInitial+Coin+Offering%3C%2Fa%3E%E2%80%9D+as+is+the+crypto+equivalent+of+an+IPO+in+the+traditional+corporate+world.+ICO%E2%80%99s+are+employed+by+crypto+startups+to+raise+initial+seed+capital+to+begin+developing+a+service+or+product.+Tokens+or+coins+are+sold+at+wholesale+prices+before+being+released+on+to+exchanges.+ICO%E2%80%99s+have+been+heavily+scrutinized+in+recent+times+because+of+the+sheer+number+of+%E2%80%98scam+ICO%E2%80%99s%E2%80%99+that+have+been+created+to+swindle+money+from+unsuspecting+investors.+%3C%2Fspan%3E%0A%0A%3Cb%3EBullish%2F+Bearish%3A+%3C%2Fb%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EOur+first+trading+term+is+perhaps+the+most+widely+used+term+that+you+will+come+across.+%E2%80%9CBull%2C+Bulls%2C+Bullish%E2%80%9D+are+all+part+of+the+same+term+that+is+used+to+identify+%E2%80%98market+buyers%E2%80%99+and+indicate+a+positive+moving+market.+If+an+asset+is+surging+in+price+it+is+regarded+as+being+%E2%80%9Cbullish%E2%80%9D.+%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EBearish+therefore%2C+is+the+opposite.+A+bear+is+a+seller%2F+someone+who+acts+against+a+market+buyer.+Bear+markets+occur+when+sellers+overpower+buyers.+%3C%2Fspan%3E%0A%0A%3Cb%3E%3C%2Fb%3E%3Cb%3EMarket+Sentiment%3A+%3C%2Fb%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EThis+term+is+used+to+describe+the+tone+of+a+market.+If+an+asset+is+gaining+well+you+would+say+that+there+is+%E2%80%98Bullish%2F+positive+market+sentiment%E2%80%99.+Alternatively+if+an+asset+is+poorly+performing+you+would+say+that+%E2%80%9CMarket+sentiment+is+bearish%E2%80%9D.+%3C%2Fspan%3E%3Cb%3E%0A%3C%2Fb%3E%3Cb%3E%0A%3C%2Fb%3E%3Cb%3ESupport%2F+Resistance%3A+%3C%2Fb%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EWhen+analysing+a+trading+chart+you+will+begin+to+notice+that+there+are+common+price+areas+where+a+price+returns+to%2F+struggles+to+break+past.+This+is+what+is+meant+by+support+and+resistance+%28respectively%29.+A+support+area+is+a+particular+price+point+where+an+asset+%E2%80%98rests%E2%80%99+along%2C+usually+after+a+bearish+decline.+A+resistance+area+is+a+price+which+an+asset+fails+to+pass+above+and+is+often+a+target+for+bullish+traders+when+starting+a+%E2%80%98bull+run%E2%80%99.+%3C%2Fspan%3E%3Cb%3E%0A%3C%2Fb%3E%3Cb%3E%0A%3C%2Fb%3E%3Cb%3EUptrend%2F+Downtrend%3A+%3C%2Fb%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EAn+uptrend+is+simply+when+candles+gradually+rise+on+a+chart+over+a+particular+period+of+time%2C+usually+when+there+is+bullish+market+sentiment.+A+downtrend+is+the+opposite+of+this+movement%2C+and+is+usually+caused+by+a+decrease+in+an+asset%E2%80%99s+demand.+%3C%2Fspan%3E%3Cb%3E%0A%3C%2Fb%3E%3Cb%3E%0A%3C%2Fb%3E%3Cb%3EReversal%3A+%3C%2Fb%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EThis+is+a+fairly+self-explanatory+term.+A+reversal+is+when+an+asset+finds+support+after+downtrending+and+begins+to+travel+back+upward.+This+can+also+be+used+to+describe+a+sudden+bearish+decline+after+an+asset+reaches+a+peak+price+point.%3C%2Fspan%3E%0A%3Ch3%3ESupport%2F+Resistance+Trend+Lines%3C%2Fh3%3E%0A%3Cb%3E%3C%2Fb%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EAs+mentioned+before%2C+identifying+support+and+resistance+lines+are+vitally+important+to+every+investor+when+deciding+on+whether+to+make+a+trade+or+not.+Finding+these+lines+will+provide+you+with+a+strong+foundation+to+analysing+an+asset+in+more+detail.+%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3ELooking+again+at+the+BTC%2FUSD+chart+below+over+1+day+candles%2C+we+can+see+very+clear+support+and+resistance+lines+that+have+played+an+important+role+in+shaping+Bitcoin%E2%80%99s+price+action+over+the+last+few+months.%3C%2Fspan%3E%0A%0A%3Cimg+class%3D%22alignnone+size-full+wp-image-82750%22+src%3D%22https%3A%2F%2Fdev.coininsider.com%2Fwp-content%2Fuploads%2F2018%2F07%2FScreen-Shot-2018-07-29-at-21.16.34.png%22+alt%3D%22%22+width%3D%22798%22+height%3D%22577%22+data-wp-pid%3D%2282750%22+%2F%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EThe+best+way+to+identify+a+resistance+area+is+by+drawing+a+line+connecting+all+the+highest+highs+of+the+price+action.+Sometimes+you+will+find+that+a+line+does+not+always+fit+perfectly+between+certain+points+and+you+may+have+to+disregard+certain+anomalous+candles%2C+but+you+will+still+have+a+good+idea+of+where+the+price+action+is+likely+to+struggle+against+in+the+future.+%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EThe+same+goes+for+finding+support+lines%3B+draw+a+line+that+connects+as+many+lowest+low+points+as+you+can+find.+This+level+is+also+sometimes+referred+to+as+the+%E2%80%98base+support%E2%80%99+and+can+be+great+area+to+open+a+position+on+if+the+asset+has+rebounded+from+the+same+area+in+the+past.%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EAs+you+can+see+in+the+chart+above%2C+Bitcoin+was+able+to+springboard+back+off+its+base+support+on+3+separate+occasions.+That+makes+this+a+strong+base+support+level.+It%E2%80%99s+worth+noting+however%2C+that+base+supports+can+fail+if+bearish+opposition+overpowers+bullish+traders%3B+so+you+cannot+always+rely+on+good+support+lines+alone+to+make+accurate+market+predictions.+%C2%A0The+same+can+be+said+for+strong+resistance+areas+also.+%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EThere+are+also+occasions+where+a+resistance+or+support+can+%E2%80%98flip%E2%80%99+and+act+as+the+opposite+over+a+given+period.+Usually+these+lines+dissect+through+the+price+action+and+can+sometimes+provide+clues+that+a+trend+is+about+to+reverse.%3C%2Fspan%3E%0A%0A%3Cimg+class%3D%22alignnone+size-full+wp-image-82751%22+src%3D%22https%3A%2F%2Fdev.coininsider.com%2Fwp-content%2Fuploads%2F2018%2F07%2FScreen-Shot-2018-07-29-at-21.40.29.png%22+alt%3D%22%22+width%3D%22984%22+height%3D%22696%22+data-wp-pid%3D%2282751%22+%2F%3E%0A%0A%3Cb%3E%3C%2Fb%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EIn+the+same+BTC%2FUSD+chart+you+can+see+an+example+of+this+%E2%80%98flipping+resistance%2Fsupport%E2%80%99+level.+On+this+occasion+Bitcoin+broke+through+the+downtrending+resistance+level+and+began+using+it+as+a+support+area+instead%3B+going+on+to+later+push+off+this+support+and+begin+bullishly+reversing.+%3C%2Fspan%3E%0A%3Ch3%3E%3Cb%3EBasic+Fibonacci+Retracement%3C%2Fb%3E%3C%2Fh3%3E%0A%3Cb%3E%3C%2Fb%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EA+famously+renowned+Italian+mathematician+named+Leonardo+Fibonacci+discovered+a+hugely+important+sequence+of+numbers+back+in+the+early+13th+century.+The+sequence+of+numbers+had+a+wide+range+of+incredible+applications+in+algebra%2C+geometry+and+was+later+used+to+explain+natural+phenomenons+such+as+how+plants+flower+and+snails+shells+form.%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EDuring+the+20th+century+stock+traders+began+to+notice+that+future+support+and+resistance+levels+could+be+identified+by+using+a+certain+range+of+numbers+from+the+Fibonacci+sequence%3B+particularly+0.236+%28or+23.6%25%29%2C+0.382+%2838.2%25%29%2C+0.5+%2850%25%29+and+the+0.618+%2861.8%25%29.%3C%2Fspan%3E%0A%0A%3Cimg+class%3D%22alignnone+size-full+wp-image-82752%22+src%3D%22https%3A%2F%2Fdev.coininsider.com%2Fwp-content%2Fuploads%2F2018%2F07%2FScreen-Shot-2018-07-29-at-21.54.20.png%22+alt%3D%22%22+width%3D%22893%22+height%3D%22625%22+data-wp-pid%3D%2282752%22+%2F%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EThis+trading+tool+is+still+very+popular%2C+even+in+today%E2%80%99s+highly+volatile+and+often+unpredictable+crypto+market.+You+can+use+this+indicator+tool+in+a+number+of+different+ways+to+predict+all+kinds+of+different+patterns%2C+but+for+now+we+will+focus+on+its+basic+application.+%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EWhen+using+Fibonacci+retracement+you+will+want+to+identify+both+a+high+and+low+point+on+the+chart+over+a+particular+time+period+that+you%E2%80%99re+interested+in+analysing.+On+the+BTC%2FUSD+chart+above%2C+the+high+point+from+early+May+2018+was+used+and+measured+all+the+way+to+the+lowest+price+point+at+%245%2C856.+Here+you+can+clearly+see+how+the+projected+Fibonacci+support+and+resistance+levels+have+played+important+roles+throughout+Bitcoin%E2%80%99s+recovery+from+the+lowest+price+point%2C+and+where+Bitcoin+is+likely+to+find+support+and+bearish+selling+pressure+in+the+future.+%3C%2Fspan%3E%0A%3Ch2%3E%3Cb%3EIntro+to+MACD%2C+RSI+and+Moving+Averages%3C%2Fb%3E%3C%2Fh2%3E%0A%3Cb%3E%3C%2Fb%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3ENow+that+you+have+an+understanding+of+support%2F+resistance+areas+and+Fibonacci+retracement%2C+it%E2%80%99s+now+time+to+look+at+3+of+the+most+commonly+used+indicators+by+market+traders%3B+MACD%2C+Relative+Strength+Index+%28RSI%29+and+Moving+Averages.%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%0A%0A%3Cimg+class%3D%22alignnone+size-full+wp-image-82753%22+src%3D%22https%3A%2F%2Fdev.coininsider.com%2Fwp-content%2Fuploads%2F2018%2F07%2FScreen-Shot-2018-07-29-at-22.28.31.png%22+alt%3D%22%22+width%3D%22809%22+height%3D%22741%22+data-wp-pid%3D%2282753%22+%2F%3E%0A%3Ch3%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EMACD%3C%2Fspan%3E%3C%2Fh3%3E%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EMACD+stands+for+%E2%80%98Moving+Average+Convergence%2F+Divergence%E2%80%99.+It+belongs+to+a+group+of+indicators+known+as+%E2%80%98lagging%E2%80%99+indicators%2C+which+means+that+it+plots+data+%3C%2Fspan%3E%3Ci%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3Eafter+%3C%2Fspan%3E%3C%2Fi%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3Ea+particular+movement+has+taken+place+on+the+chart.+Nevertheless%2C+the+MACD+indicator+is+every+trader%E2%80%99s+bread+and+butter+when+it+comes+to+measuring+an+asset%E2%80%99s+strength+and+future+direction.+%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EThe+MACD+comprises+of+two+moving+averages+%28MAs%29%2C+%C2%A0the+%E2%80%98faster%E2%80%99+MA+and+the+%E2%80%98slower%E2%80%99+MA.+The+former+tracks+the+price+action+much+closer+than+the+latter%2C+which+allows+us+to+draw+market+inferences+when+the+two+interact.+%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EWhen+the+faster+MA+converges+%28or+passes+above%29+the+slower+MA%2C+we+assume+that+buying+momentum+is+gaining+behind+an+asset.+When+the+fast+MA+diverges+%28passes+below%29+the+slower+MA%2C+we+assume+that+selling+momentum+is+gaining.+%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EThere+is+also+a+horizontal+9-day+MA+line+known+as+the+%E2%80%98signal+line%E2%80%99+which+is+used+to+determine+buying+and+selling+signals.+When+both+MA%E2%80%99s+pass+below+the+signal+line%2C+we+assume+that+overall+momentum+is+dropping+and+assume+it%E2%80%99s+gaining+when+it+crosses+above.+This+is+accompanied+by+a+histogram+that+sits+along+the+line+to+represent+a+movement%E2%80%99s+strength+and+duration.+%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EIn+the+BTC%2FUSD+chart+above+the+MACD+is+the+bottom+indicator.+Here+you+can+see+that+both+MAs+are+high+above+the+signal+line%2C+with+the+faster+MA+pulling+away+from+the+slower+MA.+This+is+a+good+signal+indication+of+strong+buying+moment+behind+BTC+right+now.+%3C%2Fspan%3E%0A%3Ch3%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3ERelative+Strength+Index+%28RSI%29+%3C%2Fspan%3E%3C%2Fh3%3E%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EThe+RSI+indicator+is+the+opposite+of+the+MACD%2C+in+that+it+is+part+of+a+group+known+as+%E2%80%98leading%E2%80%99+indicators.+This+means+that+it+users+a+particular+formula+to+predict+price+movements+ahead+of+time.+%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EThe+RSI+is+an+oscillator+which+travels+between+zero+and+100.+Inside+this+range+is+an+index+channel+that+runs+between+30+and+70.+When+the+RSI+passes+below+30%2C+we+assume+that+the+asset+is+%E2%80%98oversold%E2%80%99+-+meaning+that+the+asset+has+is+trading+below+its+expected+market+value+and+should+recover+shortly.+When+the+RSI+passes+above+70+we+assume+that+the+asset+is+%E2%80%98overbought%E2%80%99+-+this+means+that+the+asset+is+trading+above+its+perceived+market+value+and+typically+corrects+back+into+the+channel+soon+after+exiting.%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EIn+the+BTC%2FUSD+chart+above+you+can+see+that+BTC+was+already+oversold+in+an+earlier+market+movement+and+is+close+to+breaking+above+70+again.+Among+other+things+this+tells+us+that+demand+for+Bitcoin+is+high+and+that+the+asset+has+strong+buying+momentum+behind+it.%3C%2Fspan%3E%0A%3Ch3%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EMoving+Averages%3C%2Fspan%3E%3C%2Fh3%3E%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EThere+are+two+types+of+Moving+Averages+that+most+traders+tend+to+use%2C+Simple+Moving+Averages+%28SMA+or+just+MA%29+and+Exponential+Moving+Averages+%28EMAs%29.+%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EThe+only+difference+between+these+two+is+that+EMAs+give+greater+weight+to+the+more+recent+price+points+whereas+the+SMA+applies+the+same+weight+across+all+price+points.+In+the+example+above+we+are+using+EMAs.+%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EAny+moving+average+can+be+adjusted+to+different+lengths+-+a+low+value+%285%2C10%2C15+etc%29+will+give+you+a+very+close+moving+average+relative+to+the+price+action%2C+whereas+a+higher+value+MA+%2850%2C200%2C500%2C1200+etc%29+will+give+you+a+much+broader+average+line.+Similar+to+time+periods%2C+moving+average+lengths+can+be+adjusted+to+suit+whichever+type+of+trading+you%E2%80%99re+interested+in+doing%2F+monitoring.+You+will+always+want+to+use+at+least+2+moving+averages+together+to+give+you+similar+points+of+reference+that+you+get+on+the+MACD+indicator.%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EIf+you%E2%80%99re+looking+at+intraday+trading+Bitcoin%2C+you%E2%80%99ll+most+likely+look+at+BTC%2FUSD+over+5min-+30min+candles+and+use+two+MA%E2%80%99s+or+EMAs+set+at+something+like+10%2F25.+This+means+that+one+MA+is+tracking+an+average+of+10+candles%2C+while+the+other+is+tracking+an+average+of+25.+If+the+lower+value+converges+above+the+larger+value+MA%2C+you+can+assume+that+the+market+is+moving+bullish.+Alternatively%2C+if+the+25+MA+begins+to+cross+through+the+10+MA+then+this+will+give+you+a+good+indication+of+a+bearish+market.+%C2%A0%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EIf+you%E2%80%99re+looking+at+trading+daily+charts+like+the+one+above%2C+then+the+best+combination+to+use+is+50%2F200+MA+or+EMAs.+When+the+50+MA+crosses+above+the+200+MA+it+is+known+as+a+%E2%80%98Golden+Crossover%E2%80%99+and+is+widely+regarded+as+a+very+strong+buying+signal.+If+the+200+MA+crosses+below+the+50+MA+it+is+known+as+a+%E2%80%98Death+Cross%E2%80%99+and+indicates+strong+selling+pressure+from+the+bears.+%3C%2Fspan%3E%0A%3Ch2%3E%3Cb%3EBasic+Triangle%2C+Pennant+and+Flag+Patterns%3C%2Fb%3E%3C%2Fh2%3E%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EFinally%2C+we+have+a+selection+of+basic+patterns+that+sometimes+form+in+an+asset%E2%80%99s+price+action%2C+and+which+tend+to+foreshadow+bullish+or+bearish+market+movements+before+they+happen.+%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EIt%E2%80%99s+worth+reiterating+at+this+stage+that+when+you+begin+analysing+the+crypto+market+you+will+want+to+combine+ALL+of+these+individual+factors+together+before+making+your+prediction%2F+move.+%3C%2Fspan%3E%0A%3Ch3%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3ETriangle+Patterns%3C%2Fspan%3E%3C%2Fh3%3E%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EA+general+rule+with+all+patterns+is+that+if+candles+enter+into+the+pattern+from+the+bottom%2C+they+are+likely+to+continue+upward+%28bullish%29.+If+candles+enter+into+the+pattern+from+the+top%2C+they+typically+continue+downward+%28bearish%29.%3C%2Fspan%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%0A%3C%2Fspan%3E%0A%0A%3Cimg+class%3D%22alignnone+size-full+wp-image-82754%22+src%3D%22https%3A%2F%2Fdev.coininsider.com%2Fwp-content%2Fuploads%2F2018%2F07%2FsfViaCflGBhnOGPH3Ti_KxQ.png%22+alt%3D%22%22+width%3D%22602%22+height%3D%22491%22+data-wp-pid%3D%2282754%22+%2F%3E%0A%3Ch3%3E%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EFlag+Patterns+%3C%2Fspan%3E%3C%2Fh3%3E%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EFlag+patterns+are+characterised+by+having+evenly+downtrending%2F+uptrending+support+and+resistance+levels.+The+price+action+can+sometimes+travel+for+a+very+long+way+inside+these+patterns+and+can+be+difficult+to+spot+at+first.%3C%2Fspan%3E%0A%0A%3Cimg+class%3D%22alignnone+size-full+wp-image-82748%22+src%3D%22https%3A%2F%2Fdev.coininsider.com%2Fwp-content%2Fuploads%2F2018%2F07%2Fs67dfri_ZKgJv2BDRm4CFtA.png%22+alt%3D%22%22+width%3D%22602%22+height%3D%22299%22+data-wp-pid%3D%2282748%22+%2F%3E","timeout":15}