Technical Analysis Introduction: How Price Charts Reveal Market Psychology
Ever wonder why crypto charts look like emotional roller coasters? That's because they ARE emotional roller coasters!
Technical analysis is essentially reading the collective mood of thousands of traders. When Bitcoin forms a "bull flag," it's not magic—it's human psychology playing out in real-time. Traders see patterns, make decisions, and those decisions create more patterns.
Think of support levels as crowd-voted safety nets. When prices bounce off the same level repeatedly, it's because masses of traders believe "this is where we buy!" Fear and greed literally draw lines on your screen.
The beauty? These psychological patterns repeat because human nature doesn't change. Master the basics—support, resistance, trends—and you're not just reading charts. You're reading minds.
Start simple: Watch how price reacts at key levels. That's where the real story begins. 🚀
Note: This is the Part 1 of Technical Analysis Series that I'll Post in 10 Parts.
See You Tomorrow with the 2nd Part.
Stay Tuned. Hope you Learn Something Good 😊
#TechnicalAnalysis #AzanTrades
