Technical analysis is a popular and proven way to pick when and for how long to enter into the market in a certain direction, and there are a few simple but powerful tools that can let you get a good sense of where the market is now, what it is doing, and most importantly where it is going next.

Sometimes if you see screenshots of price charts they will be overfilled with indicators which can be confusing and actually make it harder to see what is going on.

All you really need to get a good feel for the market is a 14 or 21-period RSI depending on your time frame for holding a trade open, a 200-period and a 10 or 20-period simple moving average again depending on your timeframe, and your knowledge of candlestick formations.

With these simple tools you can see whether the market is overbought or oversold, as well as whether current price data differs drastically from long-term price data.