Technical Analysis of cryptocurrency markets
The study of market trends led to the development of technical analysis at the end of the 19th century. Crypto Trading Technical Analysis is specifically used to research financial markets using data, quotes, price patterns, and anticipated trends. Technical analysis is exclusively mathematical and algorithmic and is always based on historical patterns and data, in contrast to fundamental analysis, which concentrates on the economic, political, and social background. Therefore, short-term positions and trades are better suited for this research.The open interest, which includes futures and options, the stock market volume, and the price or quotation, are the main sources of information to consider. Importance of technical analysis Technical analysis allows it to be applied in any area of the financial market. It is precisely this versatility that makes it such a powerful tool. The only thing necessary to use it is to adapt to each market's characteristics and specif