common-close-0
BYDFi
Trade wherever you are!

What is the best book for learning about chart patterns in the cryptocurrency market?

avatarRicFra75Dec 26, 2021 · 3 years ago3 answers

I am interested in learning about chart patterns in the cryptocurrency market and I want to find the best book to guide me. Can you recommend a book that covers chart patterns specifically in the context of cryptocurrencies? I am looking for a comprehensive resource that explains different chart patterns and how they can be applied to cryptocurrency trading. It would be great if the book also includes real-world examples and practical tips for identifying and interpreting chart patterns in the cryptocurrency market.

What is the best book for learning about chart patterns in the cryptocurrency market?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    One highly recommended book for learning about chart patterns in the cryptocurrency market is "Charting and Technical Analysis" by Fred McAllen. This book provides a comprehensive overview of various chart patterns and their significance in cryptocurrency trading. It covers patterns like triangles, head and shoulders, and double tops/bottoms, and explains how to identify and interpret them to make informed trading decisions. The book also includes real-world examples and practical tips for applying chart patterns in the cryptocurrency market. It is a great resource for both beginners and experienced traders looking to enhance their technical analysis skills in the cryptocurrency market.
  • avatarDec 26, 2021 · 3 years ago
    If you're looking for a more beginner-friendly book, "Cryptocurrency Trading & Investing: Beginners Guide To Trading & Investing In Bitcoin, Alt Coins & ICOs" by Aimee Vo is a great choice. While it covers a wide range of topics related to cryptocurrency trading, it also includes a section on chart patterns. The book explains the basics of chart patterns and provides examples of how they can be applied in the cryptocurrency market. It's a good starting point for those who are new to chart patterns and want to understand their relevance in cryptocurrency trading.
  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we believe that the best way to learn about chart patterns in the cryptocurrency market is through hands-on experience. While books can provide valuable insights, nothing beats real-time analysis and practice. We recommend using charting platforms and tools that allow you to analyze historical price data and identify chart patterns in real-time. This way, you can develop a deeper understanding of how chart patterns work in the context of cryptocurrencies and gain practical skills that can be applied to your trading strategies. Remember, practice makes perfect!