Which chart pattern book is recommended for analyzing cryptocurrency trends?

3 answers

• Dec 25, 2021 · 3 years ago
  One highly recommended book for analyzing cryptocurrency trends using chart patterns is "Technical Analysis of the Financial Markets" by John J. Murphy. This book covers a wide range of chart patterns, including those specific to cryptocurrency markets. It provides detailed explanations and examples of how to identify and interpret chart patterns, helping traders make informed decisions. It's a comprehensive guide that is suitable for both beginners and experienced traders.
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• Dec 25, 2021 · 3 years ago
  If you're looking for a more beginner-friendly book, I would recommend "Charting and Technical Analysis" by Fred McAllen. This book explains chart patterns in a simple and easy-to-understand manner, making it ideal for those new to technical analysis. It covers the basics of chart patterns and their application in various markets, including cryptocurrencies. It's a great starting point for anyone looking to improve their trading skills.
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• Dec 25, 2021 · 3 years ago
  At BYDFi, we believe that understanding chart patterns is crucial for analyzing cryptocurrency trends. While there are many books available on this topic, we recommend starting with "Japanese Candlestick Charting Techniques" by Steve Nison. This book focuses specifically on candlestick chart patterns, which are widely used in technical analysis. It provides in-depth explanations and real-world examples of how to interpret candlestick patterns in the cryptocurrency market. It's a valuable resource for traders looking to gain a deeper understanding of chart patterns and improve their trading strategies.
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