@Crypto.guru 2 April 2021 more from that month

Does Technical Analysis have a place in your holding journey?

In a brief, technical analysis is the study of an **asset's market behavior in order to foresee its future.** This kind of analysis is the **true love of the traders**. But is this kind of analysis any reliable? Yes and No. Remember that **past performance does not guarantee future** results, especially in the market of cryptocurrencies, it **just increases your chances to get your profit.** Therefore, prior to entering, **do not forget your risk management.** Last but not least, in our case of **pure holding,** **technical analysis should not be your main focus**, yet understanding some trends and patterns may help you to **buy these potential moon cryptos at the right time.** The reason that technical analysis often works is due to a variety of factors, including the following:

**Investors' behavior**: Investors make decisions based on a variety of psychological biases that replay themselves, according to behavioral finance research. **Crowd psychology:** Since many investors & traders use the same technical research tools, key price levels are being strengthened. As a result, when market patterns repeat themselves, investors who notice them early will gain an advantage in developing their strategy and earn higher-than-average returns. Even though the cryptocurrency industry is still in its infancy, trends are already emerging in the short and medium time term.