Quiz: Lesson 005

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Question 1 of 8

1. Question
True or false? You must buy whole tokens to invest in a cryptocurrency.
- True
- False
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Question 2 of 8

2. Question
True or false? Charts are used to give you more information about a current or potential investment or trading opportunity and can tell you different things about an asset’s price.
- True
- False
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Question 3 of 8

3. Question
What is technical analysis?
- A way to measure the intrinsic value of an asset.
- The process of identifying trends with the use of tools, such as indicators or charts, to gauge opportunistic times to enter or exit an investment or trade.
- An analysis of public sentiment.
- The process of analysing an assets supply.
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Question 4 of 8

4. Question
In the world of cryptocurrencies, what does market cap mean?
- Represents the dollar size of a project: calculated by multiplying the circulating tokens by the current price of a single token.
- Represents the total value of a project: calculated by multiplying the total supply by the current price of a single token.
- Represents the potential of a project: calculated by multiplying the total supply by the current price of a single token.
- Represents how good a project is: calculated by multiplying the circulating tokens by the current price of a single token.
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Question 5 of 8

5. Question
How are supply, market cap and price related?
- There is no relationship between supply, market cap and price.
- Whenever the price of a cryptocurrency increases, so too does its circulating supply.
- Changes in a cryptocurrency’s price have a direct impact on its supply.
- A cryptocurrency's market cap is calculated by multiplying its price by its circulating supply.
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Question 6 of 8

6. Question
Fill in the blank: Volume is the amount of ____ that is occurring for a particular cryptocurrency over a certain period.
- active trading
- volatility
- risk
- new supply
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Question 7 of 8

7. Question
Why are chart patterns important? (Select all that apply.)
- They help to interpret changes in market sentiment, trends and activity, often used with other technical analysis indicators and fundamentals to forecast possible future price outcomes.
- They always predict future price movements.
- Learning and practicing to identify chart patterns can help you make better informed investment and trading decisions.
- Understanding the probabilities of what an asset could do can influence your decision to enter or exit a market or to increase or decrease the size of an existing position.
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Question 8 of 8

8. Question
Why are time frames important when using technical analysis?
- They aren’t important.
- Price movement could look different depending on the timeframe you use, so it’s important to verify whether other time frames are telling a similar story.
- They help to pinpoint a guaranteed upward trend.
- Time frames help show you what not to do.
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Quiz Summary

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1. Question

True or false? You must buy whole tokens to invest in a cryptocurrency.

2. Question

True or false? Charts are used to give you more information about a current or potential investment or trading opportunity and can tell you different things about an asset’s price.

3. Question

What is technical analysis?

4. Question

In the world of cryptocurrencies, what does market cap mean?

5. Question

How are supply, market cap and price related?

6. Question

Fill in the blank: Volume is the amount of ____ that is occurring for a particular cryptocurrency over a certain period.

7. Question

Why are chart patterns important? (Select all that apply.)

8. Question

Why are time frames important when using technical analysis?