Bitvo Cryptocurrency Technical Analysis Score And Indicators Tools Launch
Bitvo Launches Crypto Technical Analysis Tools
Bitvo has recently announced that it is launching an array of cryptocurrency technical analysis tools. No other cryptocurrency exchange platform offers the same tools, making this an innovative and potentially industry-changing move. A few of the tools include Bitvo Technical Analysis Score and Technical Analysis Indicators, both of which provide unique insight for buy and sell decisions.
Those who are new to the cryptocurrency trading space may find the Technical Analysis Score a very simple platform. The scores are easy to digest and range from excellent to poor. Those who are more experienced traders will also benefit from the range of Technical Analysis Indicators that can be applied to the cryptocurrencies offered on the Bitvo platform.
Technical trading analysis is evaluated by an artificial intelligent model that aggregates hundreds of technical trading analytical indicators to generate an overall quantitative score. Higher scores mean that a currency’s technical strength is higher than other cryptocurrencies. Further, the characteristics of different indicators will classify the score into three sub-scores: short term, mid-term, and long-term. The score does not predict future value, but at least investors may be able to surmise that a good technical score means higher analytical strength and that it may perform better, as opposed to those that receive poor scores.
According to Pamela Draper, the President and CEO of Bitvo,
“We are pleased to offer technical trading analytics to our customers to provide an additional unique competitive advantage to using the Bitvo platform.”