Recommended Read: Investing and Trading in Cryptocurrencies Using Volume Price Analysis
This book “Investing and Trading in Cryptocurrencies Using Volume Price Analysis” by Anna Coulling is about investing and trading in cryptocurrency using volume price analysis. Anna is a full-time trader, bestselling author, and market analyst. She begins her trading career in future almost 20 years ago, since then she traded virtually every market. Volume price analysis is the foundation of her investing and trading success. It is also a technical element of her unique three-dimensional method to trading. Her fundamental and related market analysis then complete the method.
Summary of Investing and Trading in Cryptocurrencies Using Volume Price Analysis
In this book, the author aims to show whether your purpose is to invest for long-term or to trade markets. The only way, which can give you the insight to expect the direction of the future market, is with confidence for cryptocurrencies. In the world of cryptocurrencies, volume signifies buyers and sellers in the market and takes us directly to the heart of demand and supply. Trading experts such as Jesse Livermore, Richard Wyckoff and Charles Dow, all used volume and price to build their fortunes.
In this book the author, explain that no other market has the power to create strong and diverse opinions than the world of cryptocurrencies. On one side are the detractors convinced which is nothing more than a bubble that will burst with time. On the other side, there are supporters, defending new financial instruments. Moreover, what is more, interesting is the new digital class defines and reflects a seismic shift in the social values and order. According to the authors, the tech-savvy young people get affected by the financial crises of 2008 and see cryptocurrency as a way forward. Cryptocurrencies give them hope and the prospect to make money and to cast out the old values and approaches. According to Anna, the purpose of this book is twofold.
The build-up of Investing and Trading in Cryptocurrencies Using Volume Price Analysis
First is to explain the new digital assets, their strengths, weaknesses, and opportunities. Second is to explain the use of eighty annotated chart examples for trading and investing decisions. In this book, she explains the methodology that will help you to make sense of the chaotic and volatile price action, Based on the principles developed by the market. The analysis of price and volume works, all it needs is a chart with price and volume. At the heart of cryptocurrencies lies peer-to-peer buying and selling which creates the demand and lack of demand. There is also some market manipulation, which might increase with time. However, for now, the cryptocurrency market reflect the third law of Wyckoff: “when demand is greater than supply, prices rise, and when supply is greater, prices fall.”
In this book, Anna further explains that there are 80 worked examples in the timeframes and for different cryptocurrencies. There is an explanation at the end of very chart and points to note. Volume price analysis can be applied to any timeframe and to any cryptocurrency asset on every exchange, like Binance, eToro, Changelly, HitBTC etc.. The choice is yours, and using this simple and powerful approach will give you insights while making buying and selling decisions.