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Technical Analysis
Technical analysis is a widely used methodology in the world of cryptocurrencies, encompassing the evaluation of various factors to predict price movements and make informed investment decisions. It involves analyzing historical price data, trading volume, and market trends to identify patterns and trends that may repeat in the future. By utilizing statistical tools and chart patterns, technical analysis aims to provide insights into potential price direction and timing. For individuals involved in the crypto space, technical analysis serves as a valuable tool to understand market sentiment and make informed trading decisions. Companies and protocols within the blockchain networks also employ technical analysis to assess market conditions and optimize their strategies. Moreover, crypto exchanges utilize technical analysis to provide users with comprehensive trading tools and indicators, enabling them to make data-driven decisions.
The Relationship Between Economic News and Crypto Prices May Be Improving
The good news equals bad news relationship between economic data and crypto prices may be changing.
Bitcoin's 'Ichimoku Cloud' Suggests Deeper Drop Toward $24K: Technical Analysis
Ichimoku Cloud, created by Japanese journalist Goichi Hosada in the 1960s, is widely used to gauge momentum and trend strength.
Crypto Markets Recoil From Latest Yellen Concerns About Debt Ceiling Impasse
Treasury Secretary Janet Yellen reiterated her comments from just three days ago about the U.S. running out of cash if lawmakers can’t reach an agreement. Crypto and other asset markets dropped.
CoinDesk Indices Trend Indicator Hints at Continued Downturn for Bitcoin, Ether
Bitcoin and Ether’s streak of monthly gains is in danger of ending.
Bitcoin and Broader Crypto Prices Little-Changed in Eventful News Week
Litecoin was the largest gainer among large-cap cryptocurrencies.
Crypto Markets Turn Lower After Jobs Data, Hawkish Fed Comments
Tight labor markets and concerns of rate hikes weigh on crypto markets; hopes of a debt limit deal stem the tide, but only briefly.
Ether Rebounds Versus Bitcoin in Relatively Quiet Trade
Technical factors suggest ether's bounce could pause at current levels.
Bitcoin Volatility and Trading Volume Continue to Decline
The compression in BTC’s trading range implies that market participants are playing things safely for the moment.
Crypto Markets Look to Recapture Momentum Following Down Week
Trading volume increases for both bitcoin and ether, but trails their 20-day moving averages. CoinDesk’s Bitcoin Trend Indicator signals neutral again.
Bitcoin Prices Retrace as Traders With Varying Time Horizons Jockey for Position
Longer term holders remain resilient. Bitcoin super whales warrant attention, as they have recently reduced positions.
