Short-term Traders' Benefit: SimetriResearch to Launch New Platform for Short-term Trading Data.

The cryptocurrency research and analysis service Simetri Research has launched a new platform that displays short-term trading data, aimed at narrowing the information speed gap for investors.

Closing the Information Gap

According to an announcement, this service was officially launched on 8/22. Due to the difficulty in obtaining timely information about circulating cryptocurrencies, short-term traders, who prefer buying and selling over long-term holding like holders, will be provided with "timely messages" through this service. These messages will include recent price predictions by researchers, along with reasons and reports.

Currently, this service is only available to subscribers of Simetri Research. CEO Han Kao stated that they are committed to narrowing the information gap that is disadvantageous to retail investors, aiming to help investors stay informed and not fall behind in terms of information. He added:

When one party has a lot of knowledge and information while the other has very little, this imbalance puts retail investors at a significant disadvantage. Our goal is to correct this imbalance through Simetri by providing the best interpretations of multiple data points to help investors understand the market as quickly and easily as possible.

Technical Analysis is Insufficient to Explain the Entire Market

Han Kao further mentioned that neither technical analysis nor fundamental analysis alone is a comprehensive predictive factor for cryptocurrency prices. He claimed:

While technical analysis is certainly helpful for the entire crypto market, it does not provide a complete picture. As this is still a nascent market, it is also not purely fundamental analysis. Cryptocurrency pricing depends on a unique combination of factors such as overall project strength, market trends, project attitudes, token intrinsic value, investor sentiment, and of course, the influence of the media.

Simetri is a relatively new initiative that was launched in early July this year, receiving support from the cryptocurrency review site Crypto Briefing and the well-known cryptocurrency price aggregator CoinMarketCap.

In July, Coinbase also announced that they would provide cryptocurrency trading signals to their customers, categorizing data into three types and claiming that these classifications would be quite useful for investors.

Further Reading

• US-based Coinbase Cryptocurrency Exchange to Provide Three Types of Trading Signals to Users
• Huobi's Wallet to Support MakerDAO Tokens

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