With so many indicators out there, it’s easy to get confused if you’re trying to pick the best one. Well, the truth is there is no correct answer to this question. It all depends on what your trading style is. However, one tool is always available for you to use in whichever style you work with and that is the Fibonacci Retracement.

So what is the Fibonacci Retracement?

Fibonacci retracements identify key levels of support and resistance. Fibonacci levels are commonly calculated after a market has made a large move either up or down and seems to have flattened out at a certain price level.

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Cryptocurrency is a rapidly-growing, exciting sub-sector. For beginners, it may sound complicated and intimidating. Yet, behind the intrigue and noise is a relatively simple concept, which is potentially very lucrative for those willing to experiment.

When everything is said and done, trading crypto from a secure and established multi-asset platform like CryptoAltum is simple. Notably, the trading platform is familiar and packed with useful tools to make the experience smooth. This is especially useful for traders who might be getting their feet wet or transiting from Forex and commodities.

Right off the bat, CryptoAltum is where beginner and experienced traders can access a variety of tradable assets like Forex, cryptocurrencies, and gold without shuffling from one account to another to trade. …

You might have not heard of John Bollinger, but we’re sure you’ve heard of Bollinger Bands®. Well, this John that you don’t know is one of the most important analysts of our generation and, you guessed it, he’s the creator of the Bollinger Bands®.

In this article, we’ll be discussing these bands and how they’re very helpful indicators that can improve your trading strategy big time.

Simply, Bollinger Bands® depend on Moving Averages and their standard deviation. As you read the article, you’ll get to learn more about the concept behind these bands. …

On Aug 18, 2020, Bitcoin rallied above the $12,000 mark, to attain what is its loftiest value in a year. Investors now only require more data to declare the digital currency free of its prior range. As the lookout for signs of an extended Bull Run kicks off, the crypto assets market is enjoying the return of the currency’s legendary volatility, a feature that highlights its peril and promise.

As an illustration, in mid-March 2020, its prices fell to as low as $4,904 per coin. …

Wherever there are humans and life around them, there’s an opportunity to trade. In our rather more modernized society, among other things, you can trade cryptocurrencies, equities, futures and forex. Opening a trade is very simple, but making sure it’s a profitable one, well, that’s challenging.

To make sure a trade is going to add value to your trading portfolio and is going to be worthwhile, you need to double-check with the indicators before you enter the trade. One of the very efficient and advantageous indicators is the Relative Strength Index, also known as the RSI.

Before we explain in-depth what the RSI is, allow us to give you a brief summary of what an indicator is. …

Algorithmic trading (algo trading) is an automated system of market order execution that relies on pre-programmed trading commands or specifications. Also known as high-frequency trading, algorithmic trading can make thousands of trades each second, without human oversight.

The crypto trading algorithm takes into account functions such as volume, timing, and price when sending small portions of an order to the market. Using complex formulas, the algo trading bot makes buy or sell decisions on an exchange on behalf of a trader.

The formulas that the bot uses are a combination of mathematical formulas infused with a level of human oversight.

Still, the sole purpose of algo trading in cryptocurrencies is profit making, so the bot’s key goal is to beat the market. …

Computerized algorithms are everywhere and have been a part of the trading and investment world since the 70s.

Investment robots run the stock markets, managing quantitative funds. Because of the trading prowess of algo trading bots, passive and quantitative investment funds occupy 60 percent of all equity assets. Human traders only run 10 percent of these trade processes.

Unlike stocks and commodities markets, the nascent crypto-assets markets are still in their formative stages. Digital currencies exhibit extreme volatility meaning that they have soaring highs and extreme lows. There are profits in them to be made, beyond mining and HODLing. …

This analysis was written at 9:00 am GMT +3, on 26.08.2020

While the cryptocurrency market struggled to move higher and continued to move in a sideways fashion, Bears were plotting their next move and it was time they acted according to that plan. The result was a move lower, breaking through important supports and establishing a new trend. At the very least, it’s a decent correction from the highs the market has been experiencing. With that said, let’s find out what today holds for the Cryptocurrencies on August 26th, 2020.

Cryptocurrency Recap

Our Cryptocurrency trio — Bitcoin, Ethereum, and Ripple are done with their upward movements, for the time being. They’ve reached lows that’ll make it very hard for the Bulls to stay in control. So, the control is transferred over to the Bears whose prime objective is to move the Bulls even lower. Bitcoin failed to hold the movement at $11,500 as the Cryptocurrency fell towards the $11,100, but managed to move higher from there. Ethereum’s prime support at $380 managed to prove its worth, but the price action did break below that level for a time, yet the closing stayed above it. Ripple’s $0.2800 support failed to keep things in check as the price action broke through it and reached the $0.2700; it’s currently trading just marginally above that level. …