![]() ![]() Ultimately, market analysts focus their attention on the price of the crypto coin instead of chasing individual variables which create a difference in price.Ĭryptocurrencies, although decentralised, and often thought to act differently from traditional markets, actually have a lot in common.Generally, price movements are less random and more prone to following trends, both in the short and long terms.The value of crypto is impacted by several variables, including the past, present, and predicted demands as well as other popularity and legislation.The value of a currency is determined by the market, which is affected by multiple external forces.One of the first principles which you should become accustomed to is the Dow Theory, which will help you analyse chart movements.
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