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Cryptoknowmics 2022-04-29 21:30:39

Making Sound Crypto Price Analysis Using Technical Variables

There’s one common denominator that holds for crypto analysts, newbie investors, whales and many others, making the right trade decision. Besides, the capital that is earmarked for investment is finite, regardless of whether it’s a single dollar or a billion dollars. The differentiating factor arises from one’s ability to make well-informed trade decisions. A little bit of luck goes a long way, but digging a little deeper shows it may not be sufficient. Sound analysis of crypto price trajectories is a must-have skill. While there are newbie traders out there equipped with in-depth knowledge on how to use technical variables to analyse crypto prices, most don’t have the know-how. Read on to learn how. What Technical Analysis of Crypto Prices Means Technical crypto price analysis involves using mathematical indicators based on data from previous price movements to establish price trends. In simpler terms, it’s more like identifying patterns in how certain variables influence or reflect price directions. The key here is to generate market trends that, in turn, influence an investor’s trading action. Once it has been established that certain market actions that influence price in a certain direction will persist, the trade decision is very easy. All crypto traders want to make the right trade decisions, as established earlier. It’s done by knowing how to buy when the price is low and profit by selling it higher later. How to Maneu...

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