The Rise and Rise of Technical Analysis in Crypto

If you’ve been active in investing the chances are that you have been  in the crypto space at all you’d have heard about technical analysis. Counter is an exchange that aims to bring the security of decentralized exchange to serious retail traders. So today, we’re taking a look at technical analysis – what it is and how it fits into the crypto traders toolbox.

What is it?

Technical Analysis (TA) is a trading discipline adopted by traders with the primary aim of identifying actionable trading opportunities based on an analysis of the history of price action for a given asset or instrument. Though TA is a broad study and the given definition is may not be all-encompassing – it certainly serves its purpose in describing the art of Japanese candlestick charting which has recently become very popular with traders, particularly digital asset or “crypto” traders.

Image result for Munehisa Homma

The discipline is thought to be traced back as far back as 18th century to the “father of the candlestick chart”, Munehisa Homma, a Japanese rice trader and popularized in the modern west by Steve Nison in his book, Japanese Candlestick Charting Techniques

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