Tips


Here your will find some amazing ideas about using Final Crypto Tool: 

News Analysis

1. you need to watch the latest and frequently published news.

2. you can apply the filter to get the most popular and exciting news quickly.

3. try to pay special attention to news that concerns

  • Government decisions
  • opinions of major investors or investment funds
  • Events of particular importance related to the Bitcoin blockchain or major cryptocurrencies (e.g., the Bitcoin halving scheduled for May 2020, which affected the price)

4. you need to watch the Advanced Chart to understand and evaluate the impact of news on the bitcoin price trend in the past.

5. always keep an eye on the Bitcoin and Cryptocurrency Calendar on the “Tools” page to stay updated on the important events of the coming days or months.

 

Tools Analysis

1. Before you invest your hard-earned money, it is necessary to check the Bitcoin chart and make an analysis or perform other possible schemes that will help you get your hands on the classic trading schemes. Remember that they are still effective in the world of cryptocurrencies.

2. You can use the Rich Transactions tool to analyze the balance of transactions taking place in the main addresses. Remember that more Bitcoin transactions could lead to a faster change in the price direction.

3. You can also keep track of specific bitcoin transactions using the “Transactions > XXXX BTC” tool. This will help you monitor when a prominent investor makes a transaction from which you can decide on entering the market. Transactions such as over 50,000 BTC are a clear signal of significant moves (like a trend of many transactions over 5,000 or 10,000 BTC).

4. All you need is to watch these tools to understand exactly how transactions and news affected the trend of the bitcoin price in the past events.

 

Technical Analysis

Once you understand how the tools work, you will be able to perform technical analysis properly. You need to keep an eye on specific prices that have been used in the past to understand which direction the market might bring.

“Charts” Section helps you to get hold of various charts that have valuable tools through which you can perform the best technical analysis of the price.

You can quickly insert or remove the most useful technical indicator within the chart; don’t forget to check gauge indicators to get all the essential information about a possible investment in the market.