CALGARY, Alberta , Sept. 11, 2018 (GLOBE NEWSWIRE) -- Bitvo is pleased to announce the launch of its cryptocurrency technical analysis tools. Offered by no other cryptocurrency exchange platform, Bitvo’s Technical Analysis Score and Technical Analysis Indicators provide unique insight to assist in making buy and sell decisions.

Those new to cryptocurrency trading may enjoy the simplicity of the Technical Analysis Score, which provides easy to digest overall scores ranging from Excellent to Poor, while more experienced traders are provided with a full range of Technical Analysis Indicators that can be applied to all cryptocurrencies offered on the Bitvo platform.

In technical trading analysis, the relative strength of cryptocurrencies is evaluated by an artificial intelligence model that aggregates hundreds of technical trading analytical indicators in order to generate an overall quantitative score which compares the relative strength of a particular cryptocurrency with the overall strength of the market that day. A higher score means a specific cryptocurrency’s technical strength is relatively higher than other cryptocurrencies. In addition, based on the characteristics of different indicators, the score is further classified into three sub-scores: short-term (less than 5 days), mid-term (5 - 20 days) and long-term (more than 20 days). Please note that the score is a measurement of daily technical trading analytical strength based on available data. The score is not a predictor of future value, although a cryptocurrency with “good” technical trading analytical strength may perform better than one identified by the technical trading analysis as “poor”.

“We are pleased to offer technical trading analytics to our customers to provide an additional unique competitive advantage to using the Bitvo platform” says Pamela Draper, President & CEO.

To access Bitvo’s Technical Analysis Score and Technical Analysis Indicators, please register for or log in to your Bitvo account at https://my.bitvo.com/register.

An example of Bitvo’s Technical Analysis Score for Bitcoin is provided at the following link:

http://www.globenewswire.com/NewsRoom/AttachmentNg/99cbb6ec-a873-446e-be3b-41935ad631d0

About Bitvo

Bitvo is a private company with international reach founded by experienced financial services, payment and banking entrepreneurs, that offers a state-of-the-art cryptocurrency exchange trading platform making cryptocurrencies easier to access and more secure for its customers.

For further information, please contact:

Pamela Draper
President & CEO
403-407-0059
pam@bitvo.com 

Reader Advisory

The technical analysis score, technical indicators and other data and information accessible on the Bitvo website and reproduced in this press release have been compiled and prepared by Bitvo from sources believed to be reliable, but no representation or warranty, express or implied, is made by Bitvo, its affiliates or any other person as to their accuracy, completeness or correctness. This information is prepared for viewing by Bitvo clients without regard to the individual financial circumstances and objectives of persons who view it. This information is not an offer to sell or a solicitation of an offer to buy any securities. The cryptocurrency market is volatile and rapidly changing and, as a result, the latest published information available to clients may not reflect recent material changes. Neither this information or the availability thereof is, and under no circumstances should be construed as, a solicitation to act as securities broker or dealer in any jurisdiction by any person or company. To the full extent permitted by law, neither Bitvo nor any of its affiliates, nor any other person, accepts any liability whatsoever for any direct or consequential loss or damages arising from any use of the technical analysis score, technical indicators or any information contained therein or associated therewith.

Forward-looking Statements

This press release contains forward-looking statements. The use of any of the words “will”, “may” and similar expressions are intended to identify forward-looking statements. The forward-looking statements contained herein are based on certain key expectations and assumptions made by Bitvo. Although Bitvo believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Bitvo can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated. The statements contained in this press release are made as of the date hereof and Bitvo undertakes no obligation to update publicly or revise any statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.