Beginner’s Introduction to Cryptocurrency Charts and Patterns

Reading charts could be a chicken and egg exercise. Some say that it is an exercise in futility. Some say that it could be the key to unlocking future riches. One thing’s for sure, a chart is a visual way to lend some analysis to an otherwise chaotic sphere. In the previous lessons you may have heard me go on an extended rant about why I consider some technical analysts who sell their services online as something that’s questionable. But this is a free realm, sell away technical analysts, sell away.

Be that as it may, there is no excuse to being “chart illiterate”.

Yes, charts symbolize the past more than the future. Granted we don’t believe that it can actually predict future human behavior in trading, they can at the very least foster a certain form of discipline. It teaches us to be critical. It teaches us about how Bitcoin could potentially behave given its past price movements.

So join us as we journey to the often confusing, many times misunderstood world of charts. In this course, we’ll take a look at the different patterns, we’ll take a look at the different charts of the exchanges, we’ll take a look at what the candles in poloniex mean, the lines, Bollinger bands and more!

Prerequisites

Though it’s not an absolute requirement, it is recommended that the student is expected to have a firm grasp of cryptocurrency terminology. He should have also taken the:

• The Secret Bitcoin Strategy Guide for Absolute Noobies

Disclaimers

• This is not financial or investment advice
• Do your own research. Don’t trust. Verify.
• The lesson is for education purposes only.
• Information is accurate at the time of posting, but may be subject to change without prior notice to the student.