Perform In-Depth Crypto Market Research with the Socrates Platform
Crypto markets (or cryptocurrency as some refer to it) has become an intriguing asset choice for many investors. For believers, it represents future growth opportunity. For skeptics, it offers too much volatility and risk with too little assurances of broader adoption or utility. But one thing seems certain, crypto isn't fading away anytime soon, so investors and traders who are interested to learn more must adapt to cyclical shifts and make informed, strategic decisions.
The inherent volatility of the crypto market remains one of the biggest challenges for many investors and traders alike. Sudden price swings can lead to significant gains or devastating losses. To navigate this volatility, investors need to spend time doing their research to guide their decision-making.
The Socrates Platform provides a powerful and easy-to-use toolset for researching global financial markets, including the two major crypto markets - bitcoin and ethereum. Thousands of investors and traders use our tools to help study long-term patterns, trends and cyclical events in financial markets as they seek to mitigate risks, navigate volatility and maximize opportunity. In this article, we share how Socrates can be used to help inform your financial decision making process with data-driven insights. Let’s start by exploring what type of platform Socrates is.
What is the Socrates Platform?
The Socrates Platform is a comprehensive market research tool that analyzes global financial markets using advanced proprietary computer models. The product of decades of research and development, our models employ technical and cyclical analysis to provide unbiased data. They excel at recognizing patterns, identifying critical price levels, and forecasting market turning points.
By leveraging these sophisticated algorithms, Socrates can be used to help identify underlying market trends across a range of financial instruments, including cryptocurrencies.
Which Crypto Markets Does Socrates Cover?
Socrates covers established markets with enough history and data for our computer models to analyze. Within crypto, this boils down to Bitcoin and Ethereum. Bitcoin, in particular, is one of the top 10 most followed markets on the Socrates Platform. Over time the Socrates Platform will consider adding more crypto coverage as and when others become more established.
Using Socrates to Research Crypto Markets
While many label Crypto as a "currency", we view "Cryptocurrencies" very much like any other commodity, with prices following cyclical patterns. The Socrates Platform enables investors and traders to apply a technical analysis oriented study of crypto markets. Our tools provide indicators and charts to help identify potential support and resistance levels, trend reversals, as well as to try and gauge overall market sentiment. This type of research can help users make informed decisions and identify opportunities that may lead to profits — even in the highly volatile cryptocurrency market.
Consider an event like Bitcoin halving, where the reward for mining new blocks is reduced by half. This happens roughly every four years, decreasing the supply of Bitcoin entering the market. By using Socrates as part of your research tool kit, you can assess how the market reacted to previous halving events to better anticipate if there will be similar market movements in the future.
Socrates also allows users to study market performance based on various different currencies. This perspective helps investors and traders comprehend the impact of global economic factors like exchange rates and inflation on crypto prices.
Our membership plans page unpacks the research tools available at each subscription tier. For an idea of what to expect, here are three tools available within Socrates:
1. Global Market Watch (GMW)
Available to all Socrates users, Global Market Watch (GMW) uses pattern recognition algorithms to analyze the price movement of every stock available to research within the Socrates Platform. The GMW identifies repeating historical patterns and emerging trends, providing users with a ‘cheat sheet’ highlighting potential sharp moves or turning points in the market. As a starting point for research, the GMW helps you spot opportunities that warrant further investigation.
2. The Reversal System
Available to Pro and Enterprise members, the Reversal System helps users research the question: "At what price level might the current price trend reverse direction?" The system identifies pressure points in market price that can be studied as areas of possible technical support (bearish reversals) or technical resistance (bullish reversals). These Reversal points can help you follow a market's price activity while also anticipating potential shifts from downtrends to uptrends, or vice versa.
3. Timing Arrays
Another tool available to Pro and Enterprise members, Timing Arrays highlight potential timing of cyclical peaks and troughs the computer models are picking up on that may be worth further research. Socrates users can study the Timing Arrays to help prepare for possible market turning points, changes in trends, and volatility.
Cross-referencing the Timing Arrays and the Reversal System can be a powerful combination when researching stocks. Reversal points offer insight into possible pressure points in market price, while Arrays offer timing considerations — giving you an idea of where market movements might occur from a technical perspective, and when they may happen from a cyclical perspective, as you study market behavior and develop your own strategies.
Enhance Your Market Research
The Socrates Platform excels as a tool for researching the bond market. Whether you are a passive investor, an active bond trader, a financial professional, or an investment banker who focuses on fixed income and government bonds, you can use the proprietary computer models, indicators, cyclical and technical analysis features found in Socrates to research global financial market trends, patterns and cycles for bonds as well as stocks, stock indices, ETFs, commodities, crypto, and currencies (foreign exchange).
While there may be an initial learning curve for novice users to understanding the Socrates' computer models, the platform should prove to be relatively easy to use over time. As you become more familiar with our features and tools, you should find it increasingly easy to tap into the full potential of the platform, making it a valuable tool to research global financial markets.
Is the Socrates Platform Right for You?
To learn more about our offering, explore our Membership Plans to find a version of Socrates that works for you.
Explore our plans to find the perfect fit for your research needs and start leveraging Socrates' powerful tools today.
