Analyzing in the crypto currency market (elementary)
Technical analysis is one of the common tools of analyzing in financial markets. This kind of analysis is based on three principles including the trend of prices, history repetition, and reflection of everything at prices. In fact, technical analyzers are seeking for a way to predict the price trend of diagrams using modeling and investigating the price factors, the trading amount, and time. Because of this, people call these kinds of analyzers as chartists. Also, these kinds of analysis are seeking for designing appropriate transactional systems in the market using statistical and mathematical tools like indicators and oscillators. But it is possible that the efficiency level of technical analysis tools be dependent to the features and circumstances of variant market.
Technical analyzing tools like algorithms, indicators and oscillators must be adjusted based on the special features and circumstances of crypto currency market and the level of their efficiency must be investigated. Special features and circumstances of the market includes the effect of Walls’ decisions on the market, the important and sensitive hour of change in price, the effect of fundamental factors on the market, the effect of factors related to the crypto currency network on the market, future market of Bit coin and etc. So the purpose of this workshop in the first place is to become familiar with the technical analysis tools in order to choose the entrance point and exit point to the market. Also, in the next part, the efficiency level of the tools for this type of analysis in this market will be measured considering the literature of this market and the subjects will be added up and concluded. The points and experiences of the group will be analyzed and the crypto currency trading in this market will be provided for the participants.
