The Myths and Facts Behind Technical Analysis Crypto Cryptocurrency
Analyzing charts is one of the things you must do daily as a crypto trader. It helps you conduct technical analysis for crypto or cryptocurrency that helps to achieve consistent results. The data helps you do calculations and predict price movements so that you can trade more confidently and smartly. Trading is a gamble if you base your buying and selling habits on guesswork and intuition. As a trader, you need solid information on the market via technical analysis. However, not all traders trust technical analysis, thinking it’s a superficial study of patterns and charts without profitable, concrete, or conclusive results. Still, with the right tools, it can be a Holy Grail for some investors. Let’s go over the myths and facts behind it. Myth 1: Technical analysis is suitable only for day trading or short-term trading One of the common misconceptions about technical analysis for crypto or cryptocurrency is...