Disclaimer: This article is by no means an expert breakdown of Technical Analysis (TA).
Instead, we’ll go over a brief overview of TA and then we’ll look at two Technical Analysts whom any crypto enthusiast can learn from.
TA is the act of examining cryptocurrency and regular market data and predicting price movements through charting and indicators. Technical analysts use a range of analytical tools to identify patterns in the charts – from trend lines, support/resistance levels, Fibonacci retracements, Bollinger Bands, candlestick patterns, and much more – to gain insight into the potential future direction of an asset’s price. One of the basic ways to dive into Technical Analysis is to look for candlestick patterns like the ones below:
One can spend a lifetime learning about TA. For those of us newer to the craft, it can help to learn from someone that does it for a living. Just by watching and listening, we can absorb a lot of information. Think of it like learning a new language by watching movies in that language. And by looking at the same charts that the Technical Analysts are, you can really get a sense of how the market, or single asset, is performing. The charts rarely lie.
Technical Analysts also have the unfortunate job of telling the truth about assets. This can cause friction because everyone wants their favorite asset to moon. And many influencers are willing to lie about an asset to pump their own bags. But Technical Analysts look at charts all day long and can quickly tell what’s really happening with the asset. A good Technical Analyst will most likely have many people upset with them at any given time. Usually, that means they are doing a good job and looking out for their community because they are being honest about the asset, regardless of the project, influencer input, or other types of hype.
One last thing to keep in mind is that TA is NOT learned overnight. With that in mind, let’s look at two Technical Analysts.
Mitch Ray TA
I’m not sure there’s a Technical Analyst out there with more live streams on YouTube. Mitch has hundreds of them on his channel. As far as I could tell, his first live stream was 4 years ago, but I know Mitch has been in the game for much longer than that. Mitch is part showman as well as analyst. He regularly does thematic live streams for holidays, birthdays, and other events. He even did a stream in front of a live audience in Vegas – it went on for hours and Mitch got hammered and it was awesome. Mitch is a true crypto bro, TA professional, entertainer, and has a great sense of humor.
Professor Keith is a full-time trader and has a book on the way. Keith regularly hosts Twitter spaces to discuss various issues and assets in the crypto-sphere. One thing that stands out is when the bear market was getting really bad, he made some posts on Twitter urging anyone having a hard time to message him directly, which is pretty rad. I guarantee it meant a lot to many people. Keith might appear to have a rough exterior at times, but as mentioned earlier, he is just trying to look out for people’s best interests, even when they aren’t themselves. Keith is also well known for angering the $DAG community.
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