Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
ATR
Why Average True Range is Important in Crypto Trading
The key to success in financial trading, including crypto trading, is to maximize profits while minimizing risks. Minimizing risks requires thorough market analysis using both fundamental and technical analysis to achieve a profitable trading strategy. Several technical indicators can be used in crypto to establish market trends and enter/exit a trade when the time is right. A popular and efficient technical indicator in analyzing crypto markets is the Average True Range (ATR) indicator. The ATR indicator indicates market volatility and…
4 years ago
Guide to Technical Analysis Using Flat Line Trading Strategy
In any financial market, the market trend is your friend. While trading in financial markets, such as the crypto market, there are numerous ways of doing technical analysis to determine the next market direction or establish ideal exit and entry points for a trade. Flat Line is one of the oldest and most efficient trading strategies, perfect for determining a market's exit/entry points. When integrated with the Average True Range (ATR), a flat-line trading strategy allows you to your exit…
4 years ago