Technical Analysis

Technical analysis is a widely used methodology in the world of cryptocurrencies, encompassing the evaluation of various factors to predict price movements and make informed investment decisions. It involves analyzing historical price data, trading volume, and market trends to identify patterns and trends that may repeat in the future. By utilizing statistical tools and chart patterns, technical analysis aims to provide insights into potential price direction and timing. For individuals involved in the crypto space, technical analysis serves as a valuable tool to understand market sentiment and make informed trading decisions. Companies and protocols within the blockchain networks also employ technical analysis to assess market conditions and optimize their strategies. Moreover, crypto exchanges utilize technical analysis to provide users with comprehensive trading tools and indicators, enabling them to make data-driven decisions.

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Crypto Markets Look to Recapture Momentum Following Down Week

Trading volume increases for both bitcoin and ether, but trails their 20-day moving averages. CoinDesk’s Bitcoin Trend Indicator signals neutral again.

Yazan Glenn Williams Jr.15 May 2023

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Bitcoin Prices Retrace as Traders With Varying Time Horizons Jockey for Position

Longer term holders remain resilient. Bitcoin super whales warrant attention, as they have recently reduced positions.

Yazan Glenn Williams Jr.11 May 2023

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Bitcoin Roller Coaster Ride Wednesday Underlines Its Vulnerability but Also Its Resilience

Bitcoin and ether rose on mildly favorable inflation data, sank amid rumors of a U.S. government sell-off of BTC and then climbed again as investors shrugged off the tumult.

Yazan Glenn Williams Jr.10 May 2023

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Bitcoin, Ether Slide for 4th Consecutive Day, While Altcoin Trading Volume Spikes

While the two largest cryptocurrencies trade near recent levels of support, lesser known altcoins trade at twice their average volume.

Yazan Glenn Williams Jr.9 May 2023

BTC and ETH prices continued to slide. (Karsten Winegeart/Unsplash)

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Long-Term Bitcoin Holders Add to Their Holdings, Even as Prices Retrace

As longer term bitcoin supply increases, the CoinDesk Bitcoin Trend Indicator (BTI) shows a market in uptrend, despite recent price declines.

Yazan Glenn Williams Jr.8 May 2023

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Bitcoin Chalks Out 'Head and Shoulders' Pattern Ahead of U.S. Nonfarm Payrolls: Valkyrie Investments

Although not classically meeting the textbook criteria from technical analysis of a head-and-shoulders pattern, price action since March 19 has painted an extreme high with flanking lower highs, Valkyrie's analysts said.

Yazan Omkar Godbole5 May 2023

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Bitcoin, Ether Trade Flat After Mildly Encouraging Jobs Data

The two largest cryptocurrencies by market capitalization were changing hands in a tight range after jobless claims were slightly higher than expected, a small sign the jobs market is cooling.

Yazan Glenn Williams Jr.4 May 2023

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Bitcoin, Ether Decouple From Stocks: What's Next for Crypto After Fed Rate Hike?

The recent decoupling indicates the assets will trade on their own merits.

Yazan Glenn Williams Jr.3 May 2023

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Bitcoin, Ether Could Face Risks From Potential Short Squeeze in Dollar Index, QCP Capital Says

A short squeeze refers to a rally stemming from traders squaring off their bearish short positions.

Yazan Omkar Godbole3 May 2023

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Bitcoin, Ether Rise Sharply Immediately Following JOLTS Jobs Data

The two largest cryptocurrencies by market capitalization reacted positively to a reduction in job openings

Yazan Glenn Williams Jr.2 May 2023