Cryptomena: For beginners technical analysis – Optimism (OP) and Guide to the Sales Director
**
The first decentralized digital currency in the world, Bitcoin Revolution when we consider money and trade. Due to volatility, unpredictability and speed, trading in cryptoms can be fascinating and frightening. In this article, we will be involved in the basics of technical analysis for beginners focusing on the indicators of optimism (OPS) and key business indicators.
What is technical analysis?
Technical analysis is a method of analyzing financial data to anticipate prices change. This includes examining graphs, trends and models to identify possible purchasing or sales signals. This approach differs from the main analysis, which focuses on the internal value of the property and the main economic factors.
Optimism (OP) Indicator: Beginner’s guide
Optimism indicator (OP) is a popular technical analysis tool that is used to assess the force of trend. This indicator created by Peter S. Goodman in 2002 is based on a simple but strong concept:
“Optimism = (1 short acceleration) + (short-term pulse x strength)”
Simply put, optimism measures how many impulses there is still safety of short -term trends and its strength. When the OP indicator drops below 0%, it indicates that the trend has lost dynamics and may change.
How to use Optimism (OP) Indicator:
1
2.
- Combine with strength: Add the calculated short -term pulse to the value of your strength.
4.
Store Indicators: Beginner’s guide
Now that you have mastered the optimism indicator (OP), let’s dive into the main business indicators used in the sales cryptomenia:
- Stochastic oscillator (14.):
* Buy when stochastic %to greater than 20 and stochastic %d is less than 20.
* Sell when stochastic %to less than 20 and stochastic %d is higher than 80.
- RSI (relative force index) (14-year-old):
* Buy when the RSI % enters the Bollinger bottom tape and the RSI % is more than 70.
* Sell when RSI % rises on the upper Bollinger and RSI % is less than 30.
- Bollinger bands:
* Buy when the price is broken by the bottom lane, indicating a possible change.
* Sell when the price stops through the upper lane and offers a continuation of the trend.
Combining the winning strategy indicators
Creating a comprehensive business plan:
1
2.
3.
Conclusion:
Cryptom trading can be an exciting but severe aspiration. The technical analysis championship using the optimism indicators (OPS) and key trading indicators such as a stochastic oscillator, RSI and Bollinger Bands will be on the way to the winning strategy. Remember that technical analysis is just one of the many tools used by traders for reasonable decisions.
Remember:
- Always determine the actual expectations of your transactions.
- Always monitor and apply your strategy when market conditions change.
- Never invest more than you can afford to lose.