Investment and Technical Analysis

Investment and Technical Analysis…

Introduction

Current price is important.

It is helpful to save drawings.

Past + Investor Psychology = Future

There is no certainty, only guesses. Having a good command of technical analysis makes predictions much stronger.

There is a slight margin of error in technical analysis.

There is no difference between half knowing something and not knowing it at all.

Netdania, Gocharting, Investing, TradingView platforms can be used.

When taxi drivers started giving hints, the top has appeared. For example, if Bitcoin is talked about everywhere, Bitcoin has peaked.

Investor Psychology

The aim is not to buy at the top and not to sell at the bottom.

Continuous graphic reviews, drawings and interpretations should be made.

New investors generally enter the stock market during big increases.

Investment or easy money?

New investors make good money in the early days. Later, they buy as much as they can, hoping that prices will rise, and they may even take big risks. When the rising trend turns into a falling trend, they incur great losses.

Once they start and make money once or twice, they think they are experts. This is the biggest mistake.

Our goal is to gain experience by making money without making any losses.

FOR NOT LOOSING = PATIENCE + NO PANIC

If there is a decrease after buying, you should never sell at a loss. You can buy some more at a lower price. Thus, the purchasing average will have been decreased. Then, one must wait patiently for the prices to rise.

Investment and Technical Analysis

To earn in the long run, one should invest in promising cryptocurrencies or stocks. And here the purchase price is very important. If buying done at a high price, the run may be too long. But if technical analysis is not known, investment should be made in the long term. In order to buy and sell, technical analysis must be well known.

One should never be in a hurry to make a buying. Buying should be done when everyone talks about making a loss.

Buying should be done on declines. If it falls further, a little more should be purchased if possible. Of course, this rule applies to reliable investment instruments only.

Technical analysis alone is not enough for profit. In addition, it is necessary to learn to control fear and anxiety.

The dream of making a lot of money and becoming rich may be our biggest mistake. Human beings are greedy and want to earn a lot of money. Even if he/she loses money, he/she wants to compensate for that loss immediately. In this case, he/she cannot move healthily. As a conscious investor, even if a plan is made, fear and anxiety always lie in the subconscious. If this fear and anxiety is not countered, mistake after mistake will be made.

In conclusion;

• Losing is a natural process.
• If you want to win in the stock market, you need to overcome your fear and panic before following the rules of technical analysis.
• It is beneficial to start investing (especially in cryptocurrency investments) with an amount that will not upset you.
• The important thing is to gain stable and continuous profits in the long term by experiencing losses also.
• It will definitely be beneficial to always have some cash in the portfolio for short-term investments such as intraday transactions.

Instead of investing in a single investment instrument, it would be a logical approach to focus on several different instruments.

Cryptocurrencies and Blockchain Technology

• Fiat money
• Digital Currency
• Virtual Currency
• Cryptocurrency

Bitcoin has no official connection with states. It has no owner.

BTC is not affected by the political or economic situation of the countries. The price of BTC is determined by people’s demands and investment psychology. And this psychology is based on a field of mathematics and statistics.

Next chapter: Introduction to Technical Analysis

You can also look: TradingView