Trading

As a cryptocurrency investor, it is essential to leverage every tool available to maximize profits. However, price evaluations can be difficult to predict, particularly in the cryptocurrency market, with over 20,000 cryptocurrencies.  The Relative Strength Index stands as one of those solutions a crypto trader needs, which operates as an indicator that measures the price change of an asset. The momentum oscillator is a brilliant formula from John Welles, who sought to introduce a visual representation of market shifts. RSI…

We are over a decade now, and cryptocurrencies and blockchain technology are entirely in the limelight. However, one thing that remains a puzzle to many is how to maneuver this attractive nightmare. First, blockchain technology presents itself as one complex technology whose features unlock unprecedented capabilities across almost all sectors. Cryptocurrencies then take their place as a global topic for discussion as digital assets carrying the potential for creating overnight dollar millionaires. There's, however, one major downside, volatility, which is…

Cryptocurrency traders have turned to traditional technical analysis tools to track crypto prices due to extreme market volatility in the crypto space. Although crypto prices are highly volatile, they behave similarly to the old principles of traditional markets, and that is where double-bottom patterns come in. Double bottom patterns, known as W bottoms, are technical analyses charting bullish patterns. Traders regard double bottom and double tops as the most commonly used chart patterns in trading. They are often found on…

Cryptocurrencies have been around for some time, bringing forth a wide array of cryptos. However, according to Statista, Bitcoin is the crown jewel for large cryptos in the market, where it reached an all-time high in January 2021 and grew by over 400 billion U.S. dollars. As a result, many people dived into the crypto craze to invest and trade and have found outstanding opportunities. That's why everybody now wants a piece of the pie. Well, if you haven't, but…

History charts of cryptocurrency are available in different formats, including bar graphs, line graphs, and candlestick charts. The most popular is the candlestick chart in analyzing the market behavior of bitcoin and cryptocurrency. Most traders spend considerable time understanding how a market's history relates to its future. Whether a beginner or a novice in trading, an excellent technical analysis strategy is fundamental for successful trading. The analysis performed on historical charts helps determine future prices and possible price fluctuations of…

Cryptocurrency investments are always risky. However, they can end up being a very lucrative pursuit if they are well executed. Cryptocurrency volatility has led to the developing of more advanced trading strategies to tackle market volatility. Crypto trading involves speculating market price movements. However, many traders fail due to a lack of knowledge of what strategies to use to track price movements. The question of "what are the best strategies to use" points us to Bollinger bands. Bollinger bands are…

One of the critical decisions every crypto investor has to make is the coin to include in the portfolio and what to leave. Naturally, most traders focus on well-performing coins and coins with a high cap, like Bitcoin and a few altcoins, and they have good reasons for these choices. Such investors view micro-cap cryptocurrency trading as a high-risk venture. However, they don't understand that there is an immense potential to make exponentially high profits from such coins since there…

Cryptocurrency traders spend most of their time searching for the coins with the most exciting prospects. However, well-informed investors also look to various crypto exchange platforms, applications, cryptocurrency price tracker monitors, and services to maximize their earnings. This is why the accuracy of cryptocurrency trackers is so significant in an investor's decision. For this reason, traders need to choose their price trackers carefully. TradingView is an online stock-picking software released in June 2012 as a social platform for active traders. The…

Unlike other currencies, cryptocurrency is famous for its excessive volatility due to new developments, uncertainties, and speculation. This inhibits the efficiency of traders in several ways. Fortunately, we have automated tools such as trading bots that execute transactions and trades on your behalf. The cryptocurrency market never sleeps. It continually presents various opportunities for trade and profit. This contributed to the development of automated bots that make trading easier because we cannot always be glued to the screen. Thus, in…