@ander, you seem to be accurate most of the time. I love your analysis !
I'm myself reading my first book on TA. Do you have in mind some books you would recommend me.
I'm a professional poker player since years now. I don't need to much information on bankroll managment and mindset. I'm use to deal with these things.
My main focus is learning the basics, have a solid knowledge ground to build on it.
Any recommendations ?
I think you can learn it all from online sites.
Most important things, imo: Support and resistance levels, trendlines, moving average crossovers (MACD).
Thanks you Ander ! I started to play around with a couple of btc at Poloniex with my very fresh new learnings of support/resistance and volume. I'm finishing my first book. So far so good.
I'll check more in details the moving average crossovers (MACD).
Ander may disagree with this, but I think you would be much better off just using a "naked" chart that only has candles on it. Maybe add a 20ema, but that's it. This way will teach you how to read market structure and you will become much more familiar with price action patterns.
Indicators like stochastics, MACD, Alligator Oscillator, Awesome Oscillatore, CCI, RSI and thousands more are all lagging indicators. This means that they derive there value from past price points. They can be slightly useful, but often the newbie trader ends up filling their screens with 5 or 6 indicators and everything gets confusing. Your focus is also taken away from the price action when you have to look at a bunch of indicators. When you are first looking at using an indicator, it looks like it can never miss and it hits almost all bottoms and tops. Unfortunately once put into practice these indicators all generate tons of false signals due to a variety of factors that don't show up on historical charts. Mostly from incomplete candles, or they don't confirm until after a massive move has already been made.