How to Read Cryptocurrency Charts

When analyzing the market, there are two main methods traders use: technical analysis and fundamental analysis. This guide focuses on the technical aspect of chart analysis. Meanwhile, fundamental analysis covers all aspects of the market, including news, events, broader financial and economic impacts, and industry conditions, while technical analysis focuses on charts.

Fundamental analysis aims to measure the intrinsic value of an asset, purely based on objective reasoning. Technical analysis, on the other hand, seeks to identify patterns and trends in an asset. If you want to know how to read crypto charts, you’ll need to learn technical analysis.

Trading is one of the most popular ways to make money with cryptocurrencies; however, it requires technical knowledge before diving in. Cryptocurrency prices are highly volatile, and the trading environment is far more dynamic than forex or stocks.

What Is Technical Analysis?

Essentially, technical analysis (TA) is the process of reviewing current market conditions to predict future movements. 

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