Which technical analysis books are recommended for understanding cryptocurrency market trends?
Rachael McCueDec 17, 2021 · 3 years ago4 answers
Can you recommend some technical analysis books that are helpful for understanding the trends in the cryptocurrency market? I'm looking for books that provide practical strategies and techniques for analyzing cryptocurrency price charts and indicators. It would be great if the books cover both fundamental analysis and technical analysis, and provide insights into how to identify trends, support and resistance levels, and potential entry and exit points. Any recommendations?
4 answers
- Dec 17, 2021 · 3 years agoSure! One highly recommended book for understanding cryptocurrency market trends is 'Technical Analysis of the Financial Markets' by John J. Murphy. This book covers the basics of technical analysis and provides a comprehensive guide to analyzing price charts, indicators, and patterns. It's a great resource for beginners and experienced traders alike. Another book worth checking out is 'Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond' by Chris Burniske and Jack Tatar. This book not only covers technical analysis but also explores the fundamentals of cryptocurrencies and their potential as an investment asset class. Both books offer valuable insights into understanding cryptocurrency market trends.
- Dec 17, 2021 · 3 years agoWhen it comes to technical analysis books for understanding cryptocurrency market trends, 'A Beginner's Guide to Technical Analysis' by Matthew Driver is a popular choice. This book provides a clear and concise introduction to technical analysis concepts and techniques, making it suitable for beginners. It covers various chart patterns, indicators, and oscillators commonly used in technical analysis. If you're new to technical analysis and want to understand how it applies to the cryptocurrency market, this book is a great starting point.
- Dec 17, 2021 · 3 years agoAs an expert in the cryptocurrency industry, I can recommend 'Cryptocurrency Trading & Investing: Beginners Guide To Trading & Investing In Bitcoin, Alt Coins & ICOs' by Aimee Vo. This book not only covers technical analysis but also provides insights into fundamental analysis and risk management strategies. It's a comprehensive guide that covers everything from understanding market trends to executing profitable trades. If you're looking for a practical resource that covers both technical and fundamental analysis, this book is a must-read.
- Dec 17, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, recommends 'Mastering Bitcoin: Unlocking Digital Cryptocurrencies' by Andreas M. Antonopoulos. Although this book primarily focuses on Bitcoin and blockchain technology, it provides a solid foundation for understanding the cryptocurrency market as a whole. It covers technical analysis concepts and explores the underlying technology behind cryptocurrencies. Whether you're a beginner or an experienced trader, this book offers valuable insights into the world of cryptocurrencies.
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