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The pillars of technical analysis (for crypto/stocks/forex)
Rating: 4.9 out of 5(41 ratings)
161 students

The pillars of technical analysis (for crypto/stocks/forex)

Your beginner guide to understanding the basics behind a candlestick chart( Price patterns, Fibonacci retracement, RSI)
Created byKonstantinos Charts
Last updated 4/2025
English
English [Auto],

What you'll learn

  • Reading candles on charts
  • Market structure/trendlines/support/resistance
  • Basic trading patterns/Market reversals
  • Understanding the mechanics and the psychology behind a candlestick chart
  • What are Fibonacci numbers and why they matter in Technical analysis
  • To tell if a chart is bullish or bearish
  • How to identify RSI bullish and bearish divergences
  • Using RSI to find bottoms and tops
  • Define the general trend / big picture of an asset/coin/token

Course content

5 sections • 15 lectures • 2h 5m total length

  • The theory of technical analysis and its basic premises6:00
  • Technical versus fundamental forecasting3:40

    Compare how technical analysis focuses on price action while fundamental forecasting weighs supply, demand, and intrinsic value to predict market moves, noting where charts and fundamentals diverge.

  • Random walk theory1:30

    Examine the random walk theory, which argues that price changes are serially independent and price history cannot reliably predict future direction. Consider buy-and-hold strategies under the efficient market hypothesis.

  • Dow theory1:51

    Explore Dow theory basics: the averages discount everything, volume must confirm the trend, and trends are primary, secondary, and minor with three phases—accumulation, public participation, distribution—until definite reversal signals.

  • Candles in action3:37

    Basic introduction to the candles

Requirements

  • You only need patience and discipline

Description

In this course we are taking a deep dive into technical analysis.


From the basic premises , market structure, all the way to the RSI indicator. Whether you want to start trading crypto or stocks, or just to understand the basic idea behind the candlestick charts, you are in the right place.

Our journey starts with explaining the three basic premises where technical analysis is based, what is the random walk theory and Dow theory. Afterwards we study the form of the market structure including both horizontal and non horizontal trendlines, support and resistance levels and of course, we are paying attention to the first signals that the trend is about to reverse.

Later we analyze the most common trading patterns. We pay attention in the major reversal patterns while they have the most important role in the chart as they show us when the trend is about to change. Without them our trading experience would be much worse! Last but not least we also analyze some of the continuation patterns.

After that we discuss the meaning of the Fibonacci numbers ,  why they matter to us (the traders) and how we find them useful.  We analyze some altcoins with patterns + Fibonacci retracement and we observe these on full effect.

The last section is about the RSI indicator. We will learn how to use it effectively to spot bottoms and tops while I show you how to recognize a potential bullish or bearish divergence.


Who this course is for:

  • Anyone who wants to learn and take a deeper look in the candlestick charts
  • Anyone who wants to start trading

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