How To Use Advanced Technical Analysis In Automated Crypto Trading
The post How To Use Advanced Technical Analysis In Automated Crypto Trading appeared on BitcoinEthereumNews.com.
The volatile year that crypto markets have had so far is making waves in the world of automated crypto trading. Many once-popular solutions have become outdated lately, sending crypto traders searching for new computerized tools to upgrade their trading game. In this article, we’ll explore one of the best ways crypto traders can gain this much-needed extra edge. Let’s explore the unique concept of automated cryptocurrency trading with advanced technical analysis. This information will certainly help you reduce losses and secure more profit in crypto trading. What is Technical Analysis? Technical analysis is based on the idea that the price of cryptos, like most financial assets, tends to move cyclically. We find repetitive chart patterns in technical analysis and identify the best way to capitalize on them. Technical analysis has constantly reinvented itself since the 18th century, discovering new ways to make more accurate predictions. Today, there are many different approaches to this art form. They include the elementary technical indicators to gauge momentum, like moving averages and standard deviations. The more complex indicators help identify overbought and oversold territories, like MACD and RSI. It’s up to each trader to decide which theory they find most suitable for the cryptos they want to trade. Best Crypto Bots for Trading with Advanced Technical Analysis Many crypto bots are available today that can follow simple instructions and act upon fundamental triggers. It makes them incapable of supporting more advanced trading strategies. Any crypto trading bot on our list below is famous for combining the best of both worlds. They come with advanced analytics and the power of automation. TradingView Bots As its name suggests, this crypto autotrader is a unique solution. It offers seamless integration between the famous TradingView platform and your chosen crypto exchanges. TradingView, for those unfamiliar, is the most…
