What is technical analysis (TA)
This is a method of forecasting prices based on the study of charts, historical data, and patterns. TA helps to identify trends, entry/exit points, and assess the strength of price movements.

Where to start

  1. Master the charts

    • linear - show the closing price over a period;

    • candlestick — show opening, closing, high, and low prices (green candles — rise, red — fall);

    • histograms — visualize trading volume.

  2. Study key levels

    • support — a level where the price often stops and reverses upwards;

    • resistance — a level where the price slows down or bounces downwards.

    These zones help identify potential reversal points.

  3. Master indicators (start with 1–2):

    • moving averages (MA) — show the average price over a period, help identify the trend;

    • RSI (relative strength index) — determines overbought or oversold conditions of an asset (values above 70 — overbought, below 30 — oversold);

    • MACD — signals a trend change through line crossings.

  4. Analyze graphic patterns

    • reversal ('head and shoulders', 'double bottom');

    • continuation patterns (triangles, rectangles);

    • breakout patterns (symmetrical triangle).

Practical steps

  1. Choose an asset (e.g., BTC/USDT) and a timeframe (1h or 4h to start).

  2. Mark support/resistance levels on the chart.

  3. Add 1–2 indicators (e.g., MA and RSI).

  4. Look for patterns and signals (e.g., MA + RSI crossover in the overbought zone).

  5. Test hypotheses on a demo account or with small amounts.

Important rules

  • Risk management: do not invest more than 1–2% of your deposit in one trade.

  • Discipline: stick to the plan, do not succumb to emotions.

  • Learning: analyze mistakes, keep a trading journal.

  • Context: consider news and the overall market (fundamental analysis).

Where to find information

  • Official Binance resources (educational materials, webinars).

  • Charting platforms (TradingView).

  • Trader community (forums, Telegram channels).

Remember:
Technical analysis — a tool, not a guarantee of profit. Start small, test strategies, and gradually complicate your approach. Success comes with experience and discipline!

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