The Block Crypto News8 minutes ago

Published on May 03, 2024 07:48 GMT+00:00edited on May 03, 2024 07:49 GMT+00:00

Understanding basic crypto trading analysis methods is a fundamental skill for any trader in the cryptocurrency market. Technical analysis, a widespread approach, involves scrutinizing statistical trends over time to predict future asset price movements based on historical trading data. This analytical method is not exclusive to cryptocurrencies but applies to stocks, futures, commodities and currencies. 

At the heart of technical analysis lies the belief that all known information about an asset is reflected in its price, suggesting that the price is a fair representation of its value. Traders who employ technical analysis often factor in market psychology, considering that historical trading patterns tend to recur. To bolster their strategies, these analysts may also …