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What are the best books on technical analysis for cryptocurrency trading?

avatardevmudeiziJan 04, 2022 · 3 years ago3 answers

I'm looking for recommendations on the best books that cover technical analysis specifically for cryptocurrency trading. Can anyone suggest some titles that provide in-depth insights and strategies for analyzing cryptocurrency price charts and indicators? I'm particularly interested in books that cater to both beginners and experienced traders.

What are the best books on technical analysis for cryptocurrency trading?

3 answers

  • avatarJan 04, 2022 · 3 years ago
    One highly recommended book on technical analysis for cryptocurrency trading 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 charts, patterns, and indicators. It's suitable for both beginners and experienced traders. Another popular choice 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 delves into the fundamentals of cryptocurrencies and blockchain technology. It's a great resource for understanding the broader context of cryptocurrency trading.
  • avatarJan 04, 2022 · 3 years ago
    If you're looking for a more practical guide, 'A Beginner's Guide to Technical Analysis of Cryptocurrency Trading' by Alan T. Norman is a good option. It explains technical analysis concepts in a beginner-friendly manner and provides step-by-step instructions on how to apply them to cryptocurrency trading. It's a great starting point for those new to technical analysis. Another book worth mentioning is 'Trading Cryptocurrencies: A Beginner's Guide to Strategies, Tools, and Tactics' by Michael J. Casey and Paul Vigna. It covers various trading strategies and techniques, including technical analysis, and provides insights from experienced traders.
  • avatarJan 04, 2022 · 3 years ago
    At BYDFi, we believe that a combination of practical experience and continuous learning is crucial for successful cryptocurrency trading. While books can provide valuable knowledge, it's also important to stay updated with the latest market trends and developments. That being said, 'Technical Analysis Using Multiple Timeframes' by Brian Shannon is a highly recommended book that covers technical analysis in a detailed and practical manner. It focuses on using multiple timeframes to analyze price trends and make informed trading decisions. This book is suitable for traders who already have a basic understanding of technical analysis and want to take their skills to the next level.