Learn BTC USD Courses

Bitcoin is one of the largest financial market in the world. Bitcoin traders invest in the btcusd market popularly known as Bitcoin for speculation purposes. traders are attracted to bitcoin trading because of the following explanations:

Bitcoin Trade Leverage - bitcoin leverage means that traders can make more money in bitcoin trading by investing little of their own capital. This is because the traders can borrow funds to transact with from their online broker using leverage.

Liquidity - The fact that bitcoin trading is one of the largest financial market in world means that there are very many traders trading the btcusd market at any time of the day or night during the btcusd market week. The fact that there are many traders investing in this market make the btcusd market a very liquid market meaning trader can open and close trade in a matter of seconds.

Low Transaction Cost - Because in bitcoin trading there are many traders trading at any one given time means that trade costs are lower due to and because of this big volume of trades taking place in btcusd market. The only transaction cost paid by the trader is the spreads; no other cost is paid by the traders. The spread is also only when a trader opens a trade: therefore if a trader does not trade then they don't pay any cost.

This learn bitcoin tutorial presents the various bitcoin education courses that technical traders or traders that want to learn analysis can learn from. After traders have learned the basics of bitcoin trading it's then time to learn more about analysis topics that they can use to trade with.

The analysis lessons can guide beginners on how to study the various trading analysis concepts.

Basics of Bitcoin Analysis

Candle Bitcoin Charts

For technical traders the basic trading analysis tool that they use is the crypto chart. There are three types of charts: line charts, bar charts and candle charts. The type of chart most often used by bitcoin traders is the candle chart. This is because the candle chart has got a visually appealing/identifiable format which clearly represents the movement of bitcoin prices, by displaying different colors for different movements; that blue color when bitcoin prices close higher than where they opened or red colour that represents when bitcoin prices close lower than where they open. In addition these candles show the distance between the open and close bitcoin price and this forms the body of the candlestick. This body of the candle is looks very similar to wax part of a ==22==reallive candle. The highest point of the bitcoin price will be drawn with what is known as a shadow, the shadow is a thin poking line that is drawn above the candle & it looks very similar to the wick of a real candle. There is also another shadow drawn below the candles and this represents the lowest point of the bitcoin price.

The information drawn by the candlesticks is known as OHCL - which represents Opening bitcoin price, High, Low and Closing bitcoin price.

Japanese candles were developed in Japan by a traditional and famous rice trader who used to trade futures market, his name was Homma Munehisa, he later moved to trading the Tokyo market that was in 18^th Century and he made a fortune trading the Tokyo market using these candles: He's said to have made over 100 consecutive winning trade transactions.

In addition to showing the graphical representations of bitcoin price traders also use candle patterns to gauge and determine the momentum of the bitcoin price movement. Bitcoin traders also study these candle patterns so that to learn how to analyze and interpret & trade signals from the various candlestick patterns. Bitcoin traders who want to about the various candlesticks patterns can learn from our bitcoin section under the analysis topics, the various candle patterns used to trade Bitcoin are:

1.Long & short Candles

2.Spinning Tops & Doji Candles

3.Hammer Bitcoin Candle Pattern and Hanging Man Candle Pattern

4.Inverted Hammer BTCUSD Candle Pattern and Shooting Star Candle Pattern

5.Piercing Line BTCUSD Crypto Candle Pattern and Dark Cloud Cover Candle Pattern

6.Morning Star Candlesticks, Evening Star ==22==CandlesticksCandles & Engulfing BTCUSD Candlesticks Patterns

Support & Resistance Levels

Some traders also refer to these levels as support ==22==& resistance lines. Concepts of support & resistance levels refers to bitcoin price areas where it's difficult for the bitcoin price break through & move beyond these technical levels.

At these levels traders are likely to perceive the bitcoin price of the bitcoin instrument as being cheap or as being expensive.

Support

Support prevents the bitcoin price of an asset from getting pushed down-ward. Support levels are hence considered as the floor because these bitcoin price levels stop the btcusd market from moving bitcoin prices downwards past a certain point.

Resistance

Resistance prohibits the bitcoin price of an asset from getting pushed up-ward. Resistance zones are hence considered as the ceiling because these bitcoin price levels stop the btcusd market from moving bitcoin prices upwards.

Therefore, these levels might be used by trader to figure out where to open positions at the points where there is a high risk:reward ratio. For illustration a trader may open a buy bitcoin trade at a support level and place a stoploss order a couple of pips below that point. The trader buys at this level because they perceive the bitcoin price to be cheap. One may open a sell bitcoin trade at a resistance level and place a stoploss order a couple of pips above the resistance area. The trader sells at this point because they perceive that at that point the bitcoin price is very expensive and therefore there will be less people willing to buy bitcoin because the bitcoin price is very expensive and ==22==thereforehence the bitcoin price is likely to start moving down soon rather than continue to move upwards.

BTCUSD Trend Lines

Bitcoin Trendlines are used to figure out the general direction of the market.

Sometimes support and resistances are formed diagonally in the same way like a stair-case. This forms a trend, a btcusd trend is a sustained move in one specific direction either ==22==upwardupwards or downwards.

A bitcoin trend line depicts these points of support and resistance for the bitcoin price.

Bitcoin Trend-line is an aspect of trading analysis that uses line studies to try and predict where bitcoin price will move next.

A bitcoin trend line is a straight diagonal line that connects two or more bitcoin price points & then extends into the future to act as line of support or resistance.

Bitcoin Trendlines are based upon the idea that the markets move in trends. Bitcoin Trendlines are used to show and display 3 things.

The general direction of bitcoin price movement up/down.
The momentum of ruling bitcoin price movement and
Where future support and resistance of the current bitcoin price move are likely to be located.

If a bitcoin trend line forms in a certain direction then bitcoin price usually and generally move in that direction for a period of time until a time when the bitcoin trend-line breaks-out.

Upward bitcoin trend-line - If bitcoin price is moving up then a line is formed that's also heading up. This line is called an upward bitcoin trend line.

Downwards bitcoin trend-line - If bitcoin price is moving down then a line is formed that also moves downward. This line is called a downward bitcoin trend line.

Moving Averages BTCUSD Trading Technical Indicator

MAs are also used in trading to figure out the general direction of the price. Moving Averages is a btcusd cryptocurrency trend following technical indicators which is used to show and illustrate the direction of the price.

Most common method of determine the direction of the bitcoin trend is by using two moving averages to form the MA cross over bitcoin system. Moving average cross over system is explained in our bitcoin strategies section. The Moving Average cross over strategy is made up of 2 moving averages(MAs) one with a lower period and the other with a higher period, e.g. a trader may use the 5 period MA & the 7 period MA, when bitcoin price is heading up the 2 moving averages will also be moving up and when btcusd prices are moving down the 2 MAs also will be moving down. Traders also can identify when a bitcoin trend changes its direction because the two moving averages(MAs) will cross over each other once there is a change in direction of the bitcoin price movement. This cross-over signal is used by traders to figure out when to open a new trade after the crossover signal has been generated & the two Moving Average start to move in the same direction. This cross-over signal is also used to figure out when to close-out a trade and take profit after there's a crossover in the opposite trend direction.

Bollinger Bands

Bollinger ==22==BandsBand is a very popular indicator, it is also a bitcoin trend following indicator & it is used to show and illustrate the general bitcoin trend of the btcusd market. Bollinger band is made up of 3 lines, these are:

·Middle band - this is a moving average of 20 bitcoin price periods

·Upper Band -shows upper limit of bitcoin price

·Lower Band - shows lower limit of bitcoin price

The middle band will show the general direction of the bitcoin trend whether up or down.

The upper band is where a trader will open a sell bitcoin trade if the btcusd market bitcoin trend is down or close their buy bitcoin trade and take profit at this level if the btcusd market is trending upwards.

The lower band is where a trader will open a buy bitcoin trade if the btcusd market bitcoin trend is up or close their sell bitcoin trade and take profit at this level if the btcusd market is trending downwards.

BTCUSD Fibonacci Retracement Areas

Fibonacci retracements are popularly used to figure out the levels where the bitcoin price retracements are likely to go to. Bitcoin traders use these retracement levels to figure out where to open trades after a bitcoin price pullback.

Fibo retracement levels are covered ==22==& discussed in the learn bitcoin tutorials section of this website under the analysis topics. Trader can learn how to use the Fib retracements, which levels are commonly used to open trade transactions & how to draw and plot these retracement levels using Fibonacci retracement ==22==technical indicator.

All these analysis methods are also covered on the bitcoin trade strategies section of this learning bitcoin tutorial site and trader can learn more about these concepts & get example of these concepts are used in trading from this bitcoin strategies section that has numerous screenshots illustrations of these technical tools and how they are drawn on crypto charts along with explanation of they are used to generate bitcoin signals.

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