Trading

Volume is a critical metric in cryptocurrency price prediction. As a result, experts have used it to predict the short-term direction of the price of a digital asset. In technical analysis, the price history, current price, the Volume of an underlying asset, and a few other indicators are the backbone in ensuring an asset's price is predicted accurately or near. What is a Volume in Cryptocurrency Trading and Why it is Important Volume is simply the amount of a cryptocurrency…

The trading of cryptocurrencies has started to pick up again after this market's disappointing performance in 2022. But would it be correct to say that the market performance was disappointing? Yes, it was for those who bought Bitcoin at an all-time high in 2021 and had to scramble out of the market at $16000 in December 2022. But it was an exciting time for those who saw the coming storm and decided to short Bitcoin at $65,000 and exit at…

Diversification is among the best ways to maximize one's returns, and many investors use it for their investments today. An investor may choose to invest in many different financial assets, including stocks, crypto assets, and gold, creating a portfolio.  Crypto enthusiasts diversify into assets like stablecoins, cryptocurrencies, private coins, and other solutions like wallets and exchanges, creating a crypto portfolio. However, the crypto portfolios might lose value or become unattractive due to market uncertainties.  The portfolio needs investment assets that…

Investors in the crypto space regularly find themselves in a difficult position when implementing specific investment strategies. In particular, Newbies have difficulty understanding cryptocurrencies and how to leverage them for profit maximization. It is indisputable that digital currencies tend to be volatile, making them a risky venture. Without a solid investment plan, investors can easily experience financial losses. However, mitigating these risks is more comfortable with the power of crypto trading bots. In essence, trading bots are software that applies artificial…

The cryptocurrency market continues to expand every day. New projects are coming up, such as decentralized finance, and they are all changing the financial sector for the better. A new class of entrepreneurs, cryptocurrency traders, has eventually come, and with the growing value of Bitcoin and ETH, it surely qualifies to list among the most profitable ventures. Based on the daily charts, many people are trading and earning vast money.  However, the industry still faces high volatility, which is especially…