Crypto Trading Guide: Step-by-Step For Complete Beginners

"If BTC's price breaks above this key level, chances are that it will fall back to 95K before rallying higher, assuming the trend has flipped bullish."

"BTC needs to be rallying or gradually rising for most other cryptos to rally. If BTC is crashing, it doesn't matter how bullish the other cryptos look. Chances are they will fall along with BTC."

"Suppose BTC is above a key level of 100K. This means 100K is support. If BTC's price breaks below this key level, chances are it will rally back to 100K before falling more, assuming the trend has flipped bearish."

"All you need to do is take the price difference between these two levels and add it to the resistance level. That means adding 5K to 100K. That gives us a target of 105K for BTC."

"The price difference would still be 5K, but this time we subtract it from the support level. That gives us a target of 90K for BTC."

"When the 50-day moving average crosses the 200-day moving average from below, this is called a golden cross, and it suggests that BTC is entering a long-term uptrend."

"When the 50-day moving average crosses the 200 day moving average from above, this is called a death cross and it suggests BTC is entering a long-term downtrend."

"If BTC is above the Ballinger band moving average, then it's in a short-term bullish trend, and if it's below, then it's in a short-term bearish trend."

"If BTC trades in the same range for a long time, the outer bands will come closer to the Ballinger band moving average, creating a squeeze. And this foreshadows a change in BTC's trend, be it to the upside or the downside."