SPS Chart Watchers (11 Nov 2021): Technical Analysis 101: Understanding Market Structure

in Splinterlands3 years ago

On dumpy days like this, it's quite boring from a content standpoint because whatever crypto we look at, there's only one advice: BUY THE DIP (not financial advice).

This is a good opportunity then to teach everyone technical analysis and its core concepts. So instead of charting videos, I'll take this opportunity to show everyone the importance of understanding MARKET STRUCTURE.

What is it? Why is it important? And can we see it in action using a good example? Watch the video to find out! We use Splinterlands' SPS as a good example for a reason. :)

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Very interesting but it doesn't take into account the added value of vouchers. With the presale of chaos legion packs it will surely have an effect on the structures righ?

Yup. I'm sure the vouchers have an impact on current price action. But we'll never know how big (or small) an impact it'll have, so it's best to analyze price action by assuming that vouchers have already been priced in. Hope this helps!

Yes totally. Will still convert my SPS in DEC for some time, anyway, it's just giving me back more SPS daily and once I'm confident enough in SPS, will start to stake back. :)