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Last updated on 2024年8月4日

What do you do if you're a technical analysis expert facing the surge of cryptocurrency markets?

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As a technical analysis expert, you're likely well-versed in the art of reading charts and predicting market movements through historical price data and volume. However, when it comes to the volatile world of cryptocurrency markets, there are some unique challenges and opportunities to consider. This surge of interest and the accompanying market fluctuations require a keen eye and a solid strategy to navigate successfully. Here's how you can apply your expertise in this dynamic environment.

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Mark Brown

On a mission to help venue sales teams leverage AI & Virtual Tour Technology to increase productivity and…
Vincent HECK

?? Je transforme le scepticisme crypto des novices en réussite autonome | 85% pensent que c'est trop complexe et risqué…
Akshit V

Founder & CEO at Autonomint

1 Embrace Volatility

The cryptocurrency market is known for its volatility. Unlike traditional markets, crypto can experience rapid and significant price changes within short periods. As a technical analysis expert, this volatility should not intimidate you but rather serve as an opportunity for potential gains. By applying technical indicators such as the Relative Strength Index (RSI) or Bollinger Bands, you can identify overbought or oversold conditions that may precede a price reversal. Remember, in a volatile market, it's crucial to have a risk management strategy in place to protect your investments.

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Mark Brown

On a mission to help venue sales teams leverage AI & Virtual Tour Technology to increase productivity and sustainability whilst lowering the cost of business acquisition.
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Volatility is just a sense of time movement over timescale and amplified where the is low market liquidity. The same risk management, (stop losses, avoiding leverage etc) that you would use in tradition markets are applicable to crypto. Each trade you make needs a thesis to justify the trade having a 70% chance of winning. Also, set a stop loss for each trade that limits your loss to maybe 2 or 3% of your trading fund. If you are starting out as a trader, avoid leverage until you understand it. It is very painful to get liquidated because you do not have enough margin in your account to cover the trade when price goes against you, then the price reverses and you would have made profit, had you not been liquidated. Very painful.

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Akshit V

Founder & CEO at Autonomint
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So, the thing about crypto is that it is a 24/7 market and flash crashes are quite common here. Another thing is a lot of token unlock events which are happening. So, basically a total of $250m of altcoin supply of new tokens are hitting the market daily combined with staking rewards from existing tokens. Fully Diluted Valuation growth of tokens accordingly changes & the spread between FDV and Circulating supply decreases. As a trader, one needs to be aware of these new token unlock events as VCs, contributors and team member sell/dump during this events. Also, due to high crypto volatility, hedging should be mandatory. Keeping stop losses might not be a nice strategy instead hedge through derivatives during high conviction trades

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Chanderkant (CK) Sharma

Co-Founder at Fino Universe | Growth & Product
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To face volatility ` you should increase the target and Stop loss range ` while decreasing the quantity - so that overall PNL is similar.

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2 Continuous Learning

The cryptocurrency market is relatively new and constantly evolving, with new coins and technologies appearing regularly. Stay informed about the latest trends, such as the rise of decentralized finance (DeFi) or non-fungible tokens (NFTs), which can impact market dynamics. Understanding these trends can help you anticipate which way the market might move. Additionally, familiarize yourself with blockchain technology to comprehend how different cryptocurrencies operate, as this can influence their market behavior.

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3 Leverage Tools

In the digital age of cryptocurrencies, there are numerous tools at your disposal to enhance your technical analysis. Utilize advanced charting software that offers a wide array of technical indicators and allows for customization to suit your analysis style. Moreover, consider using automated trading bots that can execute trades based on specific criteria you set, allowing you to take advantage of market movements 24/7. However, always vet these tools thoroughly to ensure they align with your trading strategy.

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4 Analyze Trends

One of your main tasks is to decipher market trends. In the crypto space, this involves more than just observing price movements; it also means paying attention to market sentiment, which can be gauged through social media and news outlets. Use trend lines and moving averages to determine the direction of the market and identify potential support and resistance levels. Being adept at trend analysis will enable you to make more informed decisions on entry and exit points.

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5 Diversify Wisely

Diversification is a key principle in investing, and this holds true in the cryptocurrency market as well. However, diversification in crypto doesn't just mean spreading your investment across different coins. It also involves considering various sectors within the crypto industry, such as privacy coins, utility tokens, or platform-based cryptocurrencies. By diversifying your portfolio wisely, you can mitigate risk while still capitalizing on the growth potential of different market segments.

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6 Manage Risk

Risk management is paramount in any trading strategy, especially in the unpredictable crypto markets. Establish clear rules for trade entries and exits, and adhere to stop-loss orders to minimize potential losses. Additionally, only invest what you can afford to lose, as cryptocurrencies can be highly speculative. By maintaining discipline in your risk management approach, you can preserve your capital and live to trade another day even if the market turns against you.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Vincent HECK

?? Je transforme le scepticisme crypto des novices en réussite autonome | 85% pensent que c'est trop complexe et risqué | Méthode simple et sans jargon pour prendre vos premières décisions dès aujourd'hui ??
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Se former à l’analyse fondamentale pour compléter son analyse de la manière la plus complète et confirmer ou non la dite tendance (identifiée en amont via l’analyse chartiste ou technique)

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What do you do if you're a technical analysis expert facing the surge of cryptocurrency markets?

1

2

3

4

5

6

7

1 Embrace Volatility

2 Continuous Learning

3 Leverage Tools

4 Analyze Trends

5 Diversify Wisely

6 Manage Risk

7 Here’s what else to consider

Technical Analysis

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What do you do if you're a technical analysis expert facing the surge of cryptocurrency markets?

1

2

3

4

5

6

7

1 Embrace Volatility

2 Continuous Learning

3 Leverage Tools

4 Analyze Trends

5 Diversify Wisely

6 Manage Risk

7 Here’s what else to consider

Technical Analysis

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