Technical analysis analyses charts and predicts future price movements using the notion of price patterns

from the past and technical indicators. This is applicable to any market, including cryptocurrencies like
Bitcoin.

Charting patterns, statistical indicators, or both are commonly used in technical analysis. Candlestick, bar,
and line charts are the most often used charts. Each may be built with comparable data but displays it in
unique and beneficial ways.

Technical analysis may help you anticipate the lows and highs of Bitcoin values across various time periods.
Such forecasts will assist you in making informed and data-driven judgments about purchasing Bitcoin at a
decent price and selling at a profit.

Relative strength index (RSI):

A technical analysis momentum indicator used to gauge the size of recent price movements.

Moving Average Convergence Divergence (MACD):

The moving average convergence divergence (MACD) is a technical trading indicator that analyses an
asset's momentum using moving averages.

Moving Averages(MA):
The Moving Average indicator is used to smooth price action over a given period.
MA is a lagging indicator meaning that it's based on previous price action.
There are two types of Moving Averages:
Simple moving average and Exponential moving average.
As a trader, the MA you opt for depends on your trading style.
In trading, MA acts as a support or resistance.

Fibonacci:
This indicator forecasts an asset's price action's possible support and resistance levels.
This enables one to calculate levels in a trend that the price is likely to respect. This is accomplished by
dividing the peak-to-trough or trough-to-peak distance by the phi and other sequence ratios.

Average Directional Index (ADX):

ADX with its accompanying two indicators measures the strength of the current trend of the asset. Based
on this strength, traders/investors can place their bets on whether to long or short the asset.

Stochastic Oscillator:
The stochastic oscillator tracks the price's momentum or speed. This was drawn from the well-known
principle that momentum shifts before price.
This indicator, which measures the momentum of the asset, oscillates between a range of 0 and 100. The
basic norm for time frames is a 14-period, which might be 14 days, weeks, or even months, depending on
the analyst's objectives.
Candlesticks:
Candlesticks are a style of financial chart used to describe high, low, opening and closing price movements
of a security, derivative, or currency for a specific period.

Candlestick patterns: