Today, I will like to discuss about technical analysis. Some people love technical analysis while the are some people who think technical analysis is too complicated. ![1658498664022_1.jpg](https://cdn.steemitimages.com/DQmQKaSd1juT5xdnxN8XuLEHvN6jpH5UF19FEyHSrfCAz1L/1658498664022_1.jpg) ![6HUfjqU594b5yyon4BsQbonAT6LyfLX2nGP28V7XVjx8mVxn1gcrwqUF7SuUJgXAvA9ALw4aJtzv4UMUgnFwsMR4X5Ft2peth7F8wMaoRVUodFfcLJrheNLJbg4rYx...SZqHGypSYnxc6yjRCw4HSqTDZgU1Q528My74zXGeyA4PtV8kDE2kJqJEPq2mHsgFJutq5yPBbCKWYYxrdHg6FfZcGaeesfn4xfLzeXpm2PGW8nz6i63FzKCp94.png](https://cdn.steemitimages.com/DQmVoV8SLA6q3Yz9WBs66r75WVwrzJQo4ZGPZpTL8xN4H1T/6HUfjqU594b5yyon4BsQbonAT6LyfLX2nGP28V7XVjx8mVxn1gcrwqUF7SuUJgXAvA9ALw4aJtzv4UMUgnFwsMR4X5Ft2peth7F8wMaoRVUodFfcLJrheNLJbg4rYx...SZqHGypSYnxc6yjRCw4HSqTDZgU1Q528My74zXGeyA4PtV8kDE2kJqJEPq2mHsgFJutq5yPBbCKWYYxrdHg6FfZcGaeesfn4xfLzeXpm2PGW8nz6i63FzKCp94.png) **WHAT IS TECHNICAL ANALYSIS?** ![6HUfjqU594b5yyon4BsQbonAT6LyfLX2nGP28V7XVjx8mVxn1gcrwqUF7SuUJgXAvA9ALw4aJtzv4UMUgnFwsMR4X5Ft2peth7F8wMaoRVUodFfcLJrheNLJbg4rYx...SZqHGypSYnxc6yjRCw4HSqTDZgU1Q528My74zXGeyA4PtV8kDE2kJqJEPq2mHsgFJutq5yPBbCKWYYxrdHg6FfZcGaeesfn4xfLzeXpm2PGW8nz6i63FzKCp94.png](https://cdn.steemitimages.com/DQmVoV8SLA6q3Yz9WBs66r75WVwrzJQo4ZGPZpTL8xN4H1T/6HUfjqU594b5yyon4BsQbonAT6LyfLX2nGP28V7XVjx8mVxn1gcrwqUF7SuUJgXAvA9ALw4aJtzv4UMUgnFwsMR4X5Ft2peth7F8wMaoRVUodFfcLJrheNLJbg4rYx...SZqHGypSYnxc6yjRCw4HSqTDZgU1Q528My74zXGeyA4PtV8kDE2kJqJEPq2mHsgFJutq5yPBbCKWYYxrdHg6FfZcGaeesfn4xfLzeXpm2PGW8nz6i63FzKCp94.png) Those the know the value of technical analysis don't joke with it while some people might underrate it because they have never used it. When it comes to doing business and making a profit, the best time to buy any asset is to buy an asset when the price is very low and sell it when the price is high. In other to buy crypto at a cheaper rate and sell it at a higher rate, you will need technical analysis to help you out with that. As good as technical analysis is, it won't make you a lot of money overnight and it will take some time to see results. Because it won't make you a lot of money overnight doesn't mean it won't give you a hedge in a market even those the hedge might be little. For instance, there are a lot of Casinos all very the world and they have about a 1% hedge over the customers. While it seems that the hedge is not much, it adds up over time and they are making over 1 million dollars a day. ![6HUfjqU594b5yyon4BsQbonAT6LyfLX2nGP28V7XVjx8mVxn1gcrwqUF7SuUJgXAvA9ALw4aJtzv4UMUgnFwsMR4X5Ft2peth7F8wMaoRVUodFfcLJrheNLJbg4rYx...SZqHGypSYnxc6yjRCw4HSqTDZgU1Q528My74zXGeyA4PtV8kDE2kJqJEPq2mHsgFJutq5yPBbCKWYYxrdHg6FfZcGaeesfn4xfLzeXpm2PGW8nz6i63FzKCp94.png](https://cdn.steemitimages.com/DQmVoV8SLA6q3Yz9WBs66r75WVwrzJQo4ZGPZpTL8xN4H1T/6HUfjqU594b5yyon4BsQbonAT6LyfLX2nGP28V7XVjx8mVxn1gcrwqUF7SuUJgXAvA9ALw4aJtzv4UMUgnFwsMR4X5Ft2peth7F8wMaoRVUodFfcLJrheNLJbg4rYx...SZqHGypSYnxc6yjRCw4HSqTDZgU1Q528My74zXGeyA4PtV8kDE2kJqJEPq2mHsgFJutq5yPBbCKWYYxrdHg6FfZcGaeesfn4xfLzeXpm2PGW8nz6i63FzKCp94.png) **AN IMPORTANT CONCEPT IN TECHNICAL ANALYSIS** ![6HUfjqU594b5yyon4BsQbonAT6LyfLX2nGP28V7XVjx8mVxn1gcrwqUF7SuUJgXAvA9ALw4aJtzv4UMUgnFwsMR4X5Ft2peth7F8wMaoRVUodFfcLJrheNLJbg4rYx...SZqHGypSYnxc6yjRCw4HSqTDZgU1Q528My74zXGeyA4PtV8kDE2kJqJEPq2mHsgFJutq5yPBbCKWYYxrdHg6FfZcGaeesfn4xfLzeXpm2PGW8nz6i63FzKCp94.png](https://cdn.steemitimages.com/DQmVoV8SLA6q3Yz9WBs66r75WVwrzJQo4ZGPZpTL8xN4H1T/6HUfjqU594b5yyon4BsQbonAT6LyfLX2nGP28V7XVjx8mVxn1gcrwqUF7SuUJgXAvA9ALw4aJtzv4UMUgnFwsMR4X5Ft2peth7F8wMaoRVUodFfcLJrheNLJbg4rYx...SZqHGypSYnxc6yjRCw4HSqTDZgU1Q528My74zXGeyA4PtV8kDE2kJqJEPq2mHsgFJutq5yPBbCKWYYxrdHg6FfZcGaeesfn4xfLzeXpm2PGW8nz6i63FzKCp94.png) I will like to talk about some factors that affect the market and what makes the crypto market go up and down. You must know that it is people that control the movement of the market and not actually whale or financial institutions. Because the market is controlled by people, that makes the market unpredictable. Some factors might make people buy or sell crypto. For instance, there is someone who got a lawsuit because of one thing or the other and that made him sell all his Bitcoin or there may a case of someone who wants to sell all his ETH to pay for some Bills. These are just some of the factor that determines the price of a crypto movement. These are factors of some misconceptions about technical analysis, some people think that if they could find a better tool to predict the market, they will end up making a lot of money. We do not the future, so what technical analyses are to give you a little hedge in the crypto market. ![6HUfjqU594b5yyon4BsQbonAT6LyfLX2nGP28V7XVjx8mVxn1gcrwqUF7SuUJgXAvA9ALw4aJtzv4UMUgnFwsMR4X5Ft2peth7F8wMaoRVUodFfcLJrheNLJbg4rYx...SZqHGypSYnxc6yjRCw4HSqTDZgU1Q528My74zXGeyA4PtV8kDE2kJqJEPq2mHsgFJutq5yPBbCKWYYxrdHg6FfZcGaeesfn4xfLzeXpm2PGW8nz6i63FzKCp94.png](https://cdn.steemitimages.com/DQmVoV8SLA6q3Yz9WBs66r75WVwrzJQo4ZGPZpTL8xN4H1T/6HUfjqU594b5yyon4BsQbonAT6LyfLX2nGP28V7XVjx8mVxn1gcrwqUF7SuUJgXAvA9ALw4aJtzv4UMUgnFwsMR4X5Ft2peth7F8wMaoRVUodFfcLJrheNLJbg4rYx...SZqHGypSYnxc6yjRCw4HSqTDZgU1Q528My74zXGeyA4PtV8kDE2kJqJEPq2mHsgFJutq5yPBbCKWYYxrdHg6FfZcGaeesfn4xfLzeXpm2PGW8nz6i63FzKCp94.png) **CANDLESTICKS** ![6HUfjqU594b5yyon4BsQbonAT6LyfLX2nGP28V7XVjx8mVxn1gcrwqUF7SuUJgXAvA9ALw4aJtzv4UMUgnFwsMR4X5Ft2peth7F8wMaoRVUodFfcLJrheNLJbg4rYx...SZqHGypSYnxc6yjRCw4HSqTDZgU1Q528My74zXGeyA4PtV8kDE2kJqJEPq2mHsgFJutq5yPBbCKWYYxrdHg6FfZcGaeesfn4xfLzeXpm2PGW8nz6i63FzKCp94.png](https://cdn.steemitimages.com/DQmVoV8SLA6q3Yz9WBs66r75WVwrzJQo4ZGPZpTL8xN4H1T/6HUfjqU594b5yyon4BsQbonAT6LyfLX2nGP28V7XVjx8mVxn1gcrwqUF7SuUJgXAvA9ALw4aJtzv4UMUgnFwsMR4X5Ft2peth7F8wMaoRVUodFfcLJrheNLJbg4rYx...SZqHGypSYnxc6yjRCw4HSqTDZgU1Q528My74zXGeyA4PtV8kDE2kJqJEPq2mHsgFJutq5yPBbCKWYYxrdHg6FfZcGaeesfn4xfLzeXpm2PGW8nz6i63FzKCp94.png) ![CamScanner 07-22-2022 16.49.jpg](https://cdn.steemitimages.com/DQmQUwcsKnj7MAoDGBAjrr6ou9HzNQS1oa9DrJf4ueqd3YV/CamScanner%2007-22-2022%2016.49.jpg) A candlestick only tells us the moment of crypto traded and it is usually red or green depending on the movement of the crypto market. A candlestick gives us different information such as well the price started and where it stops. It usually has an opening price and the closing price and sometimes a wick to identify where the price is coming from. It will also have a body depending on the movement. **UPTREND AND DOWNTREND** ![InCollage_20220722_153535281.jpg](https://cdn.steemitimages.com/DQmbaSMKUSDTrH97avWJV4nb3xti4qxcooiwMM35gUfn3jd/InCollage_20220722_153535281.jpg) [source](https://tradingview.com) The image above shows how the market was experiencing higher high and lower low in an uptrend and vise visa in the down trend. The image also have a consolidation moving. That is when the market is neither bullishing or bearishing. You should know that the market can not be going up always and it can not be going down always. The image also shows a real chart, you can set your chart to any time frame. **TREND LINE** ![InCollage_20220722_154559575.jpg](https://cdn.steemitimages.com/DQmbsMenh4RMeAtSRL4W263xUsva1m9YcUScFSqXwCcG9zt/InCollage_20220722_154559575.jpg) [source](https://tradingview.com) The trend line give us an idea of where the market is heading to whether bullish or bearish. The trend line usually have the minimum of two touches. How to identify trend is base on an individual point of view, some might see a trend signal while others may not see it. ![InCollage_20220722_160051496.jpg](https://cdn.steemitimages.com/DQmVsVqknACv4Vm9PuxRxLbPeKNCaYtLAg4Ei3uEWfrBSLg/InCollage_20220722_160051496.jpg) [source](https://tradingview.com) The above image is a 4hr and 15 minute chart. Firstly, there was an uptrend and then last moved up again. The same thing happened on the 4 hour chart and 15 minute chart. **THE REVERSER ZONE AND PATTERN** ![InCollage_20220722_161143410.jpg](https://cdn.steemitimages.com/DQmVLJNPx3mUGoFxxpGFqvws4T1cHz72t4A8HibzEuSiqGX/InCollage_20220722_161143410.jpg) [source](https://tradingview.com) The above chart us the several event that lead to the uptrend of the market. You should know what happen in the past to be able to predict the future. The image identify some event that occured that lead to uptrend and downtrend raging from the institutional support, grayscale buy about 1.5 Billion coin, china fud, Bitcion ETF hype and so on. ![6HUfjqU594b5yyon4BsQbonAT6LyfLX2nGP28V7XVjx8mVxn1gcrwqUF7SuUJgXAvA9ALw4aJtzv4UMUgnFwsMR4X5Ft2peth7F8wMaoRVUodFfcLJrheNLJbg4rYx...SZqHGypSYnxc6yjRCw4HSqTDZgU1Q528My74zXGeyA4PtV8kDE2kJqJEPq2mHsgFJutq5yPBbCKWYYxrdHg6FfZcGaeesfn4xfLzeXpm2PGW8nz6i63FzKCp94.png](https://cdn.steemitimages.com/DQmVoV8SLA6q3Yz9WBs66r75WVwrzJQo4ZGPZpTL8xN4H1T/6HUfjqU594b5yyon4BsQbonAT6LyfLX2nGP28V7XVjx8mVxn1gcrwqUF7SuUJgXAvA9ALw4aJtzv4UMUgnFwsMR4X5Ft2peth7F8wMaoRVUodFfcLJrheNLJbg4rYx...SZqHGypSYnxc6yjRCw4HSqTDZgU1Q528My74zXGeyA4PtV8kDE2kJqJEPq2mHsgFJutq5yPBbCKWYYxrdHg6FfZcGaeesfn4xfLzeXpm2PGW8nz6i63FzKCp94.png) **CONCLUSION** ![6HUfjqU594b5yyon4BsQbonAT6LyfLX2nGP28V7XVjx8mVxn1gcrwqUF7SuUJgXAvA9ALw4aJtzv4UMUgnFwsMR4X5Ft2peth7F8wMaoRVUodFfcLJrheNLJbg4rYx...SZqHGypSYnxc6yjRCw4HSqTDZgU1Q528My74zXGeyA4PtV8kDE2kJqJEPq2mHsgFJutq5yPBbCKWYYxrdHg6FfZcGaeesfn4xfLzeXpm2PGW8nz6i63FzKCp94.png](https://cdn.steemitimages.com/DQmVoV8SLA6q3Yz9WBs66r75WVwrzJQo4ZGPZpTL8xN4H1T/6HUfjqU594b5yyon4BsQbonAT6LyfLX2nGP28V7XVjx8mVxn1gcrwqUF7SuUJgXAvA9ALw4aJtzv4UMUgnFwsMR4X5Ft2peth7F8wMaoRVUodFfcLJrheNLJbg4rYx...SZqHGypSYnxc6yjRCw4HSqTDZgU1Q528My74zXGeyA4PtV8kDE2kJqJEPq2mHsgFJutq5yPBbCKWYYxrdHg6FfZcGaeesfn4xfLzeXpm2PGW8nz6i63FzKCp94.png) Technical analysis helps us to predict the market but you should know that it is the human reaction to the market that will tell the direction of the market. Like I said earlier, event such as institutional support, grayscale buy about 1.5 Billion coin, china fud, and Bitcion ETF hype contribute to how the market move, technical analysis just give us an hedge on the market.