1. RSI: An indicator that tells you if something is *overbought* (like when everyone wants the same sneakers) or *oversold* (like when nobody wants them). If it marks above 70, be careful; below 30, it might be a bargain.
2. MACD: Two lines that chase each other like in the game of cat and mouse. If one passes the other, it could be a sign that the trend is changing.
3. Bollinger Bands: They are like the rails of a roller coaster. If the price touches the upper rail, it might go down; if it touches the lower rail, it might go up.
4. Fundamental Analysis: Research strong news or rumors (e.g., if Elon Musk tweets something about Dogecoin or if there are hacks). Basic: what happens in the real world affects the price.
5. Platforms:
- Exchanges: Places like Binance or Coinbase (they're like the "Mercado Libre" of cryptos).
- TradingView: To see charts with colors and lines that help you make decisions.
6. Notifications: Activate alerts on your phone (like when you get notified that a new TikTok was uploaded), but here so you don't miss a key movement.
Technical Analysis:
It's like being a detective of charts. Instead of looking at news, you focus on patterns, lines, and numbers to predict whether the price will go up or down. It's *your compass* so you don't go blind.
What do you use?
- Candlestick charts: Those colored bars that look like candies. Green = up, Red = down. If you see many greens in a row, it might keep going up.
- Support and Resistance:
- Support: Price where people usually buy (like the floor that prevents it from falling further).
- Resistance: Price where people sell (like a ceiling that is hard to break).
- Trends:
- Bullish 📈: Rises like when you get a challenge on TikTok.
- Bearish 📉: Falls like your battery if you play Free Fire non-stop.
- Lateral➡️: The price stagnates, like when you don't know what to do during recess.
Key Point: Technical analysis is not magic, it's practice. At first, you'll feel like you're looking at hieroglyphics, but over time you'll get the flow.
#escuelacrypto #TradingSignals
