/biz/ - Business & Finance

>>8752278
Quick TA and astrology lesson. Some common charts to use for crypto TA are the 15m (looking for daytrades) the 1h (decent for daytrade and short term swing trades) and the 4h and then daily charts for longer term movements.

Here we see that the 200 moving average (a convential average for long term trends) acted first as resistance for prices and after bulls failed to get lift-off it acted as support, up until it didn't.

Below the price action we see the MACD, which when the red line is moving up means prices are moving up, and when it crosses the blue line those are either bullish or bearish cross overs. Another key cross is the MACD crossing zero. We fell through support when the MACD crossed zero.

Bots and TAfags new that was bad. I left out the RSI and some other indicators for simplicity but you could see the drop coming with those two indicators and some experience.