In short, yes.
While some individuals may want to time the bottom based off of intuition, wiser investors pay attention to the numbers to gauge the market and seize buying opportunities to make their respective fortunes.
Traders who dive into different concepts may throw aside concepts such as bitcoin being a risk-asset or a safe haven while looking at bitcoin moves and trend-lines.
Technical analysis allows for savvy traders and cryptocurrency enthusiasts to predict the price of cryptocurrencies. While it may be difficult to predict the exact price of cryptocurrencies, individuals can be right on the direction while being wrong on the magnitude of the change.
While freak events can throw off predictions (such as a hack, some systemic risk factor, or other issues) it is certainly quite possible to dive into bullish sentiment or bearish sentiment by reading charts and understanding signals.
Be The Trader You Were Born to Be
A good trader uses a bit of intuition and actual analysis to make trading decisions. They don’t trade based on whims and different feelings; they trade based on what the charts show them. To ride the next bull run in a smarter manner, learn how to trade better. Learn to master the concepts of data analysis, graphs, and read them like a professional.
A smart analyst would make informed decisions and allocate their hard-earned dollars accordingly. Make smarter decisions on holding, buying, and selling digital assets by finding the right educational resources to be a more proficient individual in the volatile cryptocurrency markets. Navigate your way through the crypto storms with a tool kit of trading knowledge in regard to technical analysis, fundamental analysis, and sentimental analysis.
– This article was originally posted at CryptoTraderNews
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