Re: Make even more profit on crypto trading with trade-mate.io
How to predict cryptocurrencies price trends
Investing in and trading crypto require knowledge and experience that will allow you to make a profit and minimize losses on the crypto market. You need to learn how the price movement is formed and how to determine the trend change.
Depending on the time period, different approaches and analysis methods are used for forecasting. Cryptocurrencies are closely related to the traditional financial system. There is a tendency to pay close attention to cryptocurrencies during economic crises.
Forecasting is based on two main types of analysis:
* Technical analysis. It consists in finding entry and exit points based on the signals of trading indicators. Usually, combinations of several indicators are used. Technical analysis figures are also used for more accurate forecasting. This type of analysis requires a long preparation and a lot of experience. However, beginners can learn the basic principles of technical analysis using classic indicators. It is most often used for intraday trading
* Fundamental analysis. Here the fundamental factors that shape the price movement of the market are analyzed: news, key events, general trend. It is much easier to learn and apply, but this type of analysis is suitable for medium and long-term investment, and indicators act as additional tools.
Where to get charts for analysis
TradingView (TV) charts are popular among traders, providing all the necessary tools for analyzing the crypto market. These charts allow you to use several indicators to determine important support and resistance levels, trend direction, and overbought/oversold levels.
Trade-mate.io service integrated TV charts to provide users with a wide range of tools. The platform allows you to trade via the API in a single convenient terminal on the Binance exchange. BitMEX and Poloniex. The service provides advanced features such as Smart Trade with trailing support and Autotrade, which provides the ability to copy trades of trading bots and traders.