Category: Crypto trading

Trading bots use complex mathematical formulas, often known as algorithms, to determine the best strategies for high-profit gains. In simple terms, a trading bot algorithm is a unique code that has the buy and sell signals built within.  But what are the most popular trading bot algorithms, and how do they differ? Let’s find out!  Trend-Following Algorithm  The trend-following algorithm does not predict or analyze past transactions. Instead, it analyzes the market trends and finds a favorable position. Ideally, the algorithm ensures a purchase when prices are rising and a sale when prices are decreasing.  You must have noticed that crypto trading is emotive, and traders often fear missing out (FOMO). This is especially so when influencers make certain remarks that affect buying and selling decisions. Now, the trend-following algorithm…

Cryptocurrencies have been on a bull run lately, with the price of Bitcoin reaching new all-time highs. So what does this mean for traders? In this guide, we will discuss what a bull run is and how you can take advantage of it. We will also cover other important concepts such as support and resistance levels, indicators, and strategies that can help you make money in the cryptocurrency market. What Is a Crypto Bull Run, and How Does It Work? A bull run is a period of time in which the price of an asset rises rapidly. In the case of cryptocurrencies, a bull run can be caused by a number of factors, such as positive news announcements, new partnerships, or regulatory clarity. When the price of Bitcoin starts to…