Technical analysis is one of the most popular techniques used in trading.
TA is a technique used to help examine and predict the future prices of securities/assets by looking at things like price movement, charts, trends, trading volume and other factors. It can be considered by many a simplified approach to trading, but it has evolved to something much more than that.
With the technology available now, it has moved on from drawing trend-lines or following a Moving Average crossover strategy to plot entries or exits. Nowadays people using TA have the exposure to so many powerful tools, using Multiple technical indicators, pulling intra-market analysis, machine learning, and artificial intelligence are just a few examples of the tools and methods used to peoples advantage.
One example of the innovative techniques we use in Mintify is collecting data in real-time by fetching information from every block. All the on-chain data we use for our charts is being pulled directly from the blockchain and we don't rely on third party APIs for this data.
To help get a general understanding of TA and charting, there are a couple of YouTube suggestions listed below.
Max Maher’s channel covers a wide range of content, covering Education, News, NFT, Cryptocurrency, Trading, Metaverse, Defi projects and more. He shares his views in a non-bias educated way and uses his market experience and general all-around knowledge to give great content to his subscribers. MoneyZG channel is another great content provider, again sharing a wide range of knowledge.
His general focus is on providing useful financial content, information, and education. His how-to videos are very popular, covering multiple use cases, from wallet set ups, using different blockchains, exchanges and more. We have shared 2 videos which go over the general fundamentals of what TA is and how it can be used to your advantage, with a very easy to follow explanation from both YouTube content providers.