Understanding cryptocurrency charts may seem simple at first glance, but developing a truly complex algorithm for automated and profitable reading and interpretation of these charts is quite a non-trivial task. Such an algorithm must go beyond simple technical indicators and take into account a multitude of factors.
Moreover, the cryptocurrency market is highly dynamic and unpredictable. An algorithm that worked well in the past may cease to be profitable in the future due to changing market conditions. Therefore, constant monitoring, adaptation, and refinement of the algorithm are required.
In conclusion, a complex algorithm for reading cryptocurrency charts is a multi-component system that combines advanced methods of technical and fundamental analysis, machine learning, and risk management. Its development and maintenance are a complex and continuous task.
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