Bitcoin Technical Analysis for Making Informed Decisions

Trading the digital currency for profits can be a difficult task for traders; however, if they have the access to Bitcoin technical analysis it becomes easy and possible. Needless to say traders who use the Bitcoin trading platform swear by their own methods of analysis and weathering; however, some of them also admit that expert opinions can work well at times.

Therefore, as a matter of fact, subscribing to the Bitcoin technical analysis is important for any trader. There are different techniques that traders may use in order to gauge the over-all Bitcoin market, the most popular of which is the technical analysis technique. A lot of traders prefer using the technique to make accurate predictions while trading.

Needless to say traders should make sure that they fully understand how this technique works and the different limitations that it poses, before they use it to supplement the investment plan. Traders are of the view that with the help of Bitcoin technical analysis the decisions can be made based on some fundamentals and better results can be expected.

Finding out Reliable Bitcoin Technical Analysis

If the trader is not able to do technical analysis on own, it is suggested that he subscribe to the ones that are done by the experts. In a nutshell, Bitcoin technical analysis that uses all trading tools like charts and moving averages should come from experts. Though any trader can do technical analysis with the help of tools, it takes time to do it professionally.

Bitcoin technical analysis is mainly used in order to predict and foresee how a currency pair is going to perform against Bitcoin. Nonetheless, to use this technique to advantage, traders need to acquire basic knowledge about candlestick formations, trend lines, time cycles, pivot points, moving averages, and other types of chart patterns.

Bitcoin Technical Analysis Should be Easy to Understand

It is quite important for traders to subscribe to the Bitcoin technical analysis that is easy to comprehend. Cryptic or incomprehensive analysis can create confusion that may also mean traders are going to lose your investments. Therefore, they should keep in mind that it should come according to the promise they have made online.

Traders know it well that they need to know how to use the different concepts in order to measure the value of their pair denominations. Last but not the least; traders are often under the assumption that technical analysis is a “magical” way; however, fundamentals also work. So also keep fundamental analysis along.

Donate Bitcoin: 1NX6ijFGErktMGNYUHayD5iHDcZSFHdAwe
Be a Patreon: https://www.patreon.com/madbitcoins

Bitcoin Blockchain statistics – XBT.eu
https://www.xbt.eu/

‎3385.95 USD / BTC – Average United States Dollar Bitcoin Price
https://bitcoinaverage.com/en/bitcoin-price/btc-to-usd

Bitcoin Cash (BCC) statistics – Price, Blocks Count, Difficulty, Hashrate, Value
https://bitinfocharts.com/bitcoin%20cash/

Bitcoin Is Now Worth Nearly 3 Times More Than an Ounce of Gold – CoinDesk

Bitcoin Is Now Worth Nearly 3 Times More Than an Ounce of Gold

Road to ,000: How Bitcoin Price Broke ,000 and What’s Ahead
https://cointelegraph.com/news/road-to-10000-how-bitcoin-price-broke-3000-and-whats-ahead

Shopping Mall Bans Bitcoin and Ether Mining as Merchants Run Up Bills – CoinDesk

Shopping Mall Bans Bitcoin and Ether Mining as Merchants Run Up Bills

Get ProTip Ready – Support the Show!
http://protip.is/

Follow MadBitcoins on Twitter:

Watch more at http://WorldCryptoNetwork.com/
Video Rating: / 5

Find More Bitcoin Articles

Bitcoin News and Its Role in Trading Decisions

When traders put their money in trading, the look for profits as they are not just experiment but aim to make their living from Bitcoin trading. Needless to say in such a situation their effort always is to make profitable trading decisions. In order to make their decisions they go for technical analysis, fundamental analysis. However, it is Bitcoin news that matters the most.

There are several reasons that can truly be called important when it comes claim that Bitcoin news is crucial. For instance, Bitcoin’s exchange rate depends a lot on the global events and policy changes regarding the virtual currencies. Additionally, new cryptocurrencies are being invented to challenge the monopoly of Bitcoin, this also matters a lot.

Needless to say the only way to really do this with accuracy is via Bitcoin news collected and presented in user-friendly manner. Putting aside the age old dilemma about fundamental analysis vs. technical analysis, no one debates the importance of watching Bitcoin news and adjusting the trades accordingly.

Finding Out trusted Sources of Bitcoin News

As it appears fundamentally clear that though there are hundreds of sources for Bitcoin news, only a few could be trusted. At the end of the day, news and fundamental analysis is what drives the market and for that simple reason you should come prepared. Needless to say subscribing to the latest and updated Bitcoin news is important.

Traders believe that when it is a war in one country or a political revolution in another is the kind of news that will have a direct impact on the market and its future trends. When these events are taking place it is advisable for traders and investors to take extra care. Trading when market is stable a little bit is a good idea.

Bitcoin News that Matters

From the above discussion it appears quite understandable that Bitcoin news is crucial. However, none is saying that you should ignore technical analysis; the charts will definitely help you in your trading. Needless to say Bitcoin news and fundamental analysis are two tools you should focus your attention on when trading the digital currency.

Notwithstanding what brokers offer trading platforms with integrated news and fundamental analysis, and if your broker does not, it might be time to move on. Following the latest Bitcoin news and updates you can become a thorough professional.

Bitcoin Charts for Sound Trading Decisions

Bitcoin trading can become a profitable proposition if traders have access to the latest and updated Bitcoin charts from the experts. These are based on the Bitcoin market action involving price and movement. According to the experts and seasoned traders, charts are a major tool in Bitcoin trading and for that reason a lot of traders prefer it.

Needless to say there are many kinds of charts, each will help to visually analyze the Bitcoin market conditions, assess and create better forecasting, and identify Bitcoin market patterns and behavior. Thus, it is the Bitcoin charts and spreads that weigh heavily on the return on your trading strategy which can also have a huge affect on your profit or loss.

From the above mentioned description of this trading tool, you can understand that there are several reasons behind the popularity. For instance, as a trader, you are solely interested in buying low and selling high. Wider Bitcoin charts and spreads means buying higher and having to sell lower. The entire concept is fine tuned for traders to guide them make competitive trading.

Trading the Digital Currency for Attractive Returns

As it appears clear from the fundamentals, a half-pip lower spread does not necessarily sound like much, but it can easily mean the difference between a profitable trade and one that losses money. Needless to say several of the experts and seasoned traders believed that the tighter the spread is the better things are going to be for you.

Bitcoin experts and traders claim that tight Bitcoin charts and spreads are only meaningful when they pair up with good execution of a well laid out trading strategy. Needless to say a good example of this is, as you analyze your Bitcoin chart it shows a tight spread, but your trade shows it has filled, or mysteriously rejected.

There are the different types of Bitcoin Charts Line Charts The simplest form, based upon the closing rates, etc. Additionally, there is a homogeneous line such charts, on the 5 minutes scale, will show a line connecting all the actual rates every 5 minutes. This Bitcoin chart does not show what happened during the time unit selected by the viewer.

Bitcoin charts are indicative of the technical tools that have long been used by traders. Using the tool and other similarly placed trading tools, even you can make a better trader as you make the attractive returns.

Find the real time Bitcoin charts for profitable trading at NewsBTC

Find More Bitcoin Articles

Bitcoin news Can Help Traders make Informed Decisions

Those who have traded shares in stock market know the importance of the latest news about the companies or the overall national and international economic situation. The same thing is also applicable in Bitcoin trading to some extent as Bitcoin news tends to play an important role in the exchange rate of the cryptocurrency.

Several Bitcoin news providers claim that with the help of the latest information on the global events traders are able to make informed decisions. It has been seen that websites are full of news and updates on Bitcoin. One such portal is NewsBTC that has been delivering best in the industry reviews of brokers providing Bitcoin trading services.

Portals like these also provide the latest and updated Bitcoin news so that traders are able to make decisions that help them book profits. These portals also help traders find tons of tips from the experts who know what it amounts to put money and make profitable trades. They suggest when to enter and when to exit from the positions.

Bitcoin News Sources that can Be Trusted

The Bitcoin news providers seem to be paying well in terms of providing tips and reviews of brokers. Traders can trust these portals for the latest news on the cryptocurrency. However, as the news usually arrives too late for you to really take advantage of it, be careful. By the time something reaches to you, it may be late.

Therefore, find out the Bitcoin news portals that can deliver the latest news as it happens. Of course, being aware of what’s going on is important, and knowing the news can lead to more profits. Traders are suggested that they should subscribe to the Bitcoin newsletters from portals like NewsBTC.

Finding out What to Read in Bitcoin News

As has been mentioned above for trading by tips and the latest Bitcoin news, traders should also be careful to some extent. For instance, always question the source of the information. Even if this person is well qualified to write the story, his source should also be credible. Rumor based news should be avoided.

Notwithstanding what traders should educate themselves on the market. The Bitcoin news portals like NewsBTC are extremely informative in the sense that they provide only the news and information that traders can use. They cut all the crap and talk to the point to help traders make the maximum.