📣📣Lesson 1: Philosophy of Technical Analysis

11. Okt. 2021Hi guys
Today I decided to start teaching digital currency
And I will teach you the most important indicators and patterns that I use in my analysis.
And in the first lesson I want to explain the philosophy of technical analysis
And other courses including:
♦️ Session 1 - Philosophy of Technical Analysis , ♦️ Session 2 - Trends , ♦️ Session 3 - Support and Resistance (1) , ♦️ Session 4 - Support and Resistance (2) , ♦️ Session 5 - Charts and their types (1) , ♦️ Session 6 - Charts and their types (2) , ♦️ Session 7 - The downtrend line , ♦️ Session 8 - Ascending trend line , ♦️ Session 9 - Price Channel , ♦️ Session 10 - Graphic Patterns
♦️Session 11 - Flag Pattern , ♦️ Session 12 - incremental triangle pattern , ♦️ Session 13 - Decreasing Triangle Pattern , ♦️ Session 14 - Symmetric Triangle Pattern
♦️Session 15 - Soroshane Reverse Pattern ,♦️ Session 16- Roof Head and Shoulder Pattern , ♦️ Session 17 - Twin floor pattern , ♦️ Session 18 - Twin Roof Pattern , ♦️ Session 19 - Falling Wave Pattern , ♦️ Session 20 - Wage Rising Pattern , ♦️ Session 21 - Indicator and Oscillator , ♦️ Session 22 - Moving Average Indicator , ♦️ Session 23 - RSI Indicator , ♦️ Session 24 - MACD Indicator , ♦️ Session 25 - Fibonacci , ♦️ Session 26 - Candlestick Patterns.

🔴What is the philosophy of technical analysis and what is its application in digital currencies such as Bitcoin and other cryptocurrencies? In the first part of the training, we will discuss the basics of technical analysis.
Let's start by asking what is technical analysis? Technical analysis is the study of market behaviors using charts with the aim of predicting the future of price trends. This is a description of technical analysis that is accepted by almost all experts.
Philosophy and basis of technical analysis
In general, there are three principles on which technical analysis is based. These principles include:
🎯 Everything is included in the price.
The phrase "everything is included in the price" is the basis of the philosophy of technical analysis. This means that anything that can affect the price, including political, fundamental, geographical and other factors are included in the price. Belief in this sentence is a kind of introduction to technical analysis. After accepting this statement, we come to the conclusion that price analysis is all we need to study the markets.
🎯Prices move according to trends.
Prices move according to trends. In other words, prices like to maintain their current trend instead of changing direction. This law is a kind of expression of Newton's first law of motion, in which prices will continue to move as long as the deterrents stop them.
🎯 history repeats itself.
The philosophy of technical analysis is to study the past price and expect it to be repeated in the future. Another expression of this is to say: history repeats itself, and this is the key to predicting the future through the analysis of the past. In other words, the future is nothing but a repetition of the past.
🔴Technical Analysis vs. Fundamental Analysis
In the first part, we answered the question of what is technical analysis and its philosophy. In this section, we will point out the difference between technical analysis and fundamental analysis.
Both technical and fundamental methods always try to solve a single problem. The only problem is the forecast of price movement. In other words, in what direction the price tends to move. In fact, they approach a single issue in two different ways. The technical analyst believes that price changes are all he needs. In contrast, the fundamental analyst always deals with the causes and reasons for price changes.
As in the philosophy of technical analysis, the focus is on price changes, in fundamental analysis, it is the economic factors that affect supply and demand and cause prices to change.
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