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Is technical analysis useful in cryptocurrency trading?
Technical analysis is the study of price data. Although I am a technical analyst by trade I use both fundamental and technical analysis on a day to day basis. The fundamental side of my analysis firmly revolves around sentiment. If for example a central banker is speaking about cryptocurrencies and is very negative of course the price will sell off. Just look at what happened with Fed's Powell and SNB's Jordan the other day. Having said that, who is to say where the price will stop? This is the key value of technical analysis. The levels! In terms of relative value how can you decide what value is without looking at ... (full story)