From 3aa5471c2021873d2820b0cab9c0eae2475d9015 Mon Sep 17 00:00:00 2001 From: "dr. mia von steinkirch, phd" <1130416+mvonsteinkirch@users.noreply.github.com> Date: Tue, 7 Feb 2023 16:25:36 -0800 Subject: [PATCH] Update README.md --- .../day-trading/technical_analysis/README.md | 29 +++++++++++++++++-- 1 file changed, 26 insertions(+), 3 deletions(-) diff --git a/defi_and_trading/day-trading/technical_analysis/README.md b/defi_and_trading/day-trading/technical_analysis/README.md index 2e6bfff..f7d7535 100644 --- a/defi_and_trading/day-trading/technical_analysis/README.md +++ b/defi_and_trading/day-trading/technical_analysis/README.md @@ -1,5 +1,7 @@ ## technical analysis +
+ ### tl; dr * uses trading data to analyse and predict price patterns @@ -15,6 +17,8 @@ ### candlestick charts +
+ * data rich trading analysis * time and price details * traders use candlestick chat patterns to antecipate the future @@ -30,10 +34,12 @@

-
+ ##### hammer pattern + + * bullish pattern * sellers drove price lower during the day * buyers came in and the price finished higher @@ -51,6 +57,8 @@ ##### shooting star pattern + + * bearish pattern * buyers drove price high * sellers won and price fell lower @@ -65,6 +73,8 @@ ##### bullish engulfing pattern + + * bullish pattern * bullish candlestick "engulfed" the bearish candlestick * represents a strong reversal in the price action @@ -78,6 +88,8 @@ ##### bearish engulfing pattern + + * bearish pattern * bearish candlestick engulfed the bullish candlestick * represents a string reversal in the price action @@ -94,6 +106,8 @@ ### chart patterns +
+ * used in conjuction with candlestick charts * longer-term analysis of market movements * bullish and bearish patterns @@ -101,8 +115,11 @@ * dont tell about longer term trends + + ##### double top + * bearish pattern * buyers tried wtice to push price higher * buyers unable to push price higher @@ -120,6 +137,8 @@ ##### double bottom +
+ * bullish pattern * sellers came in twice * price found support of buyers twice @@ -161,13 +180,14 @@ ### trends +
* we can't trade from patterns all the time, they are quite rare * trends patterns will guide us more often * patterns can be housed within trends * if we can find the trend, we can ride the trend for profit -
+ ##### asceding wedge - higher lows @@ -176,7 +196,6 @@

-
##### desceding wedge - lower highs @@ -236,6 +255,8 @@ ### how to trade with trends +
+ 1. Identify the market trends 2. Ask where are the main areas of trade - where is support and resistance? @@ -251,6 +272,8 @@ ### resources +
+ * [tradingview](https://www.tradingview.com/) * [tokenmetrics](https://tokenmetrics.com/)