How to Learn cryptocurrency technical analysis. Some Credible Websites for Updated Information on Cryptocurrency. What Causes Cryptocurrency to Rise and Fall.

How to Learn cryptocurrency technical analysis.

If you are interested in learning technical analysis for cryptocurrency trading, there are several resources available to help you get started. Here are a few suggestions on where to begin: 

Online tutorials and courses: There are many online tutorials and courses available that can help you learn the basics of technical analysis and how to apply it to cryptocurrency trading. Websites like Udemy, Coursera, and Skillshare offer a wide variety of courses on technical analysis and cryptocurrency trading.

Books: There are several books available that can help you learn technical analysis and how to apply it to cryptocurrency trading. Some popular options include "Technical Analysis of the Financial Markets" by John J. Murphy, "Trading in the Zone" by Mark Douglas, and "Cryptocurrency Trading & Investing: Bitcoin and Cryptocurrency technologies, Cryptocurrency investing, Cryptocurrency book for beginners" by Aimee Vo.

Websites and forums: There are several websites and forums dedicated to cryptocurrency trading and technical analysis, such as BitcoinTalk, Reddit, and Bitcointalk forum. These can be a great resource for learning about technical analysis and getting tips and advice from more experienced traders.

Practicing on a Demo Account: Many cryptocurrency exchanges offer a demo account feature which allows you to practice your technical analysis skills without risking real money. This can be a great way to gain experience and become more comfortable with the concepts before you start trading with real money.

Conferences and Meetups: Attending events like conferences, meetups, webinars, and podcasts can provide a great opportunity to learn about cryptocurrency and blockchain technology from experts in the field.

Research papers: Cryptocurrency and Blockchain technology is a rapidly evolving field, reading research papers and articles by leading experts in the field can help you stay up-to-date with the latest developments and understand the underlying technology.

The technical analysis is just one of the methods to analyze the market, and it is always recommended to consult multiple sources and research before making any investment decisions.

Some Credible Websites for Updated Information on Cryptocurrency

 There are several credible cryptocurrency tracking websites that provide real-time data and information on the prices, volumes, and market capitalizations of various cryptocurrencies. Some examples include:

Coinmarketcap.com: One of the most popular and widely-used cryptocurrency tracking websites, it provides data on thousands of different cryptocurrencies, including historical price data, market capitalization, trading volumes, and more.

Coincheckup.com: A crypto research platform that provides data and analysis on a wide range of cryptocurrencies, including historical price data, market capitalization, trading volumes, and more.

CoinGecko.com: A website that provides data on thousands of different cryptocurrencies, including historical price data, market capitalization, trading volumes, and more. It also provides information on developers activity, community, and liquidity.

CryptoCompare.com: A website that provides real-time data and information on thousands of different cryptocurrencies, including historical price data, market capitalization, trading volumes, and more.

Coinpaprika.com: A website that provides real-time data and information on thousands of different cryptocurrencies, including historical price data, market capitalization, trading volumes, and more.

You have been recommended to do your own research and consult multiple sources before making any investment decisions.  All of the above websites will provide you some real-time data.  The future prediction will depend upon your knowledge and experience in financial market and situation.

 

 

What Causes Cryptocurrency to Rise and Fall

 There are several factors that can cause the price of a cryptocurrency to rise or fall, including:

Market demand: The price of a cryptocurrency is primarily driven by supply and demand. If there is high demand for a cryptocurrency, the price will rise, and if there is low demand, the price will fall.

News and announcements: Positive news and announcements about a cryptocurrency can lead to an increase in demand and a rise in price, while negative news and announcements can lead to a decrease in demand and a fall in price.

Regulatory environment: Government regulations and laws can have a big impact on the price of a cryptocurrency. Favorable regulations and laws can increase demand and drive up the price, while unfavorable regulations and laws can decrease demand and drive down the price.  

Market sentiment: The overall market sentiment can also play a role in determining the price of a cryptocurrency. A positive market sentiment can lead to increased buying pressure and a rise in price, while a negative market sentiment can lead to decreased buying pressure and a fall in price.  

Adoption and usage: The more adoption and usage a cryptocurrency has, the more valuable it is likely to be. As more people use and accept a cryptocurrency, the demand for it will likely increase, driving up the price. 

Technological developments: Technological advancements in the underlying blockchain technology or new developments in the cryptocurrency can also impact the price. Upgrades, forks, and new features can increase the coin's value, while bugs and vulnerabilities can decrease the coin's value.

The cryptocurrency market is highly speculative, and the price of a cryptocurrency can be influenced by a wide range of factors. It is always recommended to conduct thorough research and consult multiple sources before making any investment decisions.  Cryptocurrency is not only limited on fundamentals of the coin, but it also depends on the world geopolitical situation i.e. Ukraine and Russian war has badly affected the bitcoin.  

Disclaimer: This article is not intended to serve as financial advice. The sole objective is to provide an educational perspective on the current state of Web3 and to identify trends that are gaining momentum. Investing in products, tokens, or company shares associated with these trends will not necessarily result in financial gain. Always conduct your own research and seek the advice of a financial professional.