This video is an introduction to a new tutorial series I'm starting about technical analysis for cryptocurrency.
Pattern 1: Double Tops & Double Bottoms
This TA can actually be used for charts of all time-frames and all underlying securities, whether that's crypto, forex, stocks, commodities... a chart is a chart and technical analysis works.
Pro Tip: Technical analysis is not a crystal ball. It's more like a windsock, showing you the direction and the events that have a high probability of occurring, but it's not always accurate.
Pro tip 2: For the best results, don't day-trade, don't trade with leverage and combine TA with fundamental analysis. I.e. find companies or securities or cryptocurrencies that have a solid team, vision, support etc. for the long term, and use TA to determine profitable entry and exit points.
Another thing: I like to keep technical analysis simple. Just utilizing a few proven patterns are enough to be able to trade profitably if you stick to them. It's not about using hundreds of indicators and lines.
Patience is a very important part of trading, you cannot force a trade, you have to wait for a setup to occur.
Disclaimer: This is NOT financial advice, purely for educational purposes and reflect my personal opinions only (which may or may not be correct).
Please do your own research before investing into cryptocurrency and never invest more than you can afford to lose.