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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.
Bitcoin Roller Coaster Ride Wednesday Underlines Its Vulnerability but Also Its Resilience
Bitcoin and ether rose on mildly favorable inflation data, sank amid rumors of a U.S. government sell-off of BTC and then climbed again as investors shrugged off the tumult.
Bitcoin, Ether Slide for 4th Consecutive Day, While Altcoin Trading Volume Spikes
While the two largest cryptocurrencies trade near recent levels of support, lesser known altcoins trade at twice their average volume.
Long-Term Bitcoin Holders Add to Their Holdings, Even as Prices Retrace
As longer term bitcoin supply increases, the CoinDesk Bitcoin Trend Indicator (BTI) shows a market in uptrend, despite recent price declines.
Bitcoin Chalks Out 'Head and Shoulders' Pattern Ahead of U.S. Nonfarm Payrolls: Valkyrie Investments
Although not classically meeting the textbook criteria from technical analysis of a head-and-shoulders pattern, price action since March 19 has painted an extreme high with flanking lower highs, Valkyrie's analysts said.
Bitcoin, Ether Trade Flat After Mildly Encouraging Jobs Data
The two largest cryptocurrencies by market capitalization were changing hands in a tight range after jobless claims were slightly higher than expected, a small sign the jobs market is cooling.
Bitcoin, Ether Decouple From Stocks: What's Next for Crypto After Fed Rate Hike?
The recent decoupling indicates the assets will trade on their own merits.
Bitcoin, Ether Could Face Risks From Potential Short Squeeze in Dollar Index, QCP Capital Says
A short squeeze refers to a rally stemming from traders squaring off their bearish short positions.
Bitcoin, Ether Rise Sharply Immediately Following JOLTS Jobs Data
The two largest cryptocurrencies by market capitalization reacted positively to a reduction in job openings
Volatile Price Moves on Monday Contrast to Recent Calm Waters
Bitcoin’s price has been relatively stable over the last six weeks.
As Crypto Grows, so Does CoinDesk’s Commitment to Keeping Pace
A new CoinDesk tool called the Bitcoin Trend Indicator can help traders spot where BTC is headed.
