Which books on price action analysis are recommended for understanding cryptocurrency market trends?

3 answers

• Dec 26, 2021 · 3 years ago
  Sure! One book that I highly recommend for understanding price action analysis in the cryptocurrency market is 'Technical Analysis of the Financial Markets' by John J. Murphy. This book provides a comprehensive overview of technical analysis concepts and techniques, including price patterns, trend analysis, and support and resistance levels. While it's not specifically focused on cryptocurrencies, the principles and strategies discussed in the book can be applied to any financial market, including cryptocurrencies. It's a great resource for beginners and experienced traders alike.
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• Dec 26, 2021 · 3 years ago
  I've found 'Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond' by Chris Burniske and Jack Tatar to be a valuable resource for understanding cryptocurrency market trends. Although it's not solely focused on price action analysis, the book covers various aspects of the cryptocurrency market, including fundamental analysis, market cycles, and investment strategies. It provides insights into how different factors can influence cryptocurrency prices and trends, which can be helpful in analyzing price action.
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• Dec 26, 2021 · 3 years ago
  At BYDFi, we recommend 'Trading in the Zone' by Mark Douglas for understanding price action analysis and market trends in the cryptocurrency space. This book emphasizes the psychological aspects of trading and helps traders develop a disciplined mindset for analyzing price movements. It provides valuable insights into understanding market trends and making informed trading decisions. Whether you're a beginner or an experienced trader, this book can help you improve your trading skills and navigate the cryptocurrency market with confidence.
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