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Bitcoin (Cryptocurrency)

Understanding Bitcoin from a different perspective #8January 14/2020; CME Group (CME) launches option trading on its Bitcoin futures contracts. The next day, Bitcoin soars about 9% in excitement. The debut of contracts on the Chicago-based exchange was a success, with volumes exceeding those of rival Bakkt on the first day of trading. February 05/2020; Bitcoin does not excite Warren Buffet. He dubbed it "rat poison squared" in 2018, and he'll do it again in February 2020. He claimed that "cryptocurrencies have no value." "The only thing you can do with it is sell it." I don't hold any cryptocurrency and have no intention of doing so in the future." But that didn't stop the rest of the community .On February 5, 2020, a group of crypto pioneers, led by Tron Founder and Bittorrent CEO Justin Sun, hosted a three-hour charity dinner at the Happy Hollow Club in Omaha, Nebraska, for the 90-year-old Berkshire Hathaway legend. They gave him a pair of Samsung Galaxy Fold Smartphones equipped with a variety of cryptocurrencies, and Sun sent Buffet his first Bitcoin during the meal. Despite Buffet's unfavorable view on Bitcoin, there were rumblings that he might be on the verge of changing his mind. In 2020, he famously changed his mind about gold and bought a stake in one of the world's largest gold mines. ************************************************************************************* Personally i would love buffet within the bitcoin community. I am tired of Elon musk being our biggest Celebrity influencer. ********************************************************************************** Remember Craig Wright, the Australian crypto entrepreneur who claimed to be Satoshi Nakamoto in 2015, only to be met with skepticism and the response "uh, no you're not?" He's back, and he's not happy about it.Wright, who claims to be Bitcoin's sole inventor, now argues that the Bitcoin Core developer team is infringing on his intellectual property by altering the database. "As the single creator of Bitcoin, I own full rights to the Bitcoin registry," he stated in a blog post on February 13, 2020. People can fork my program and create their own variants. They do not, however, have the authority to alter the protocol using the underlying database." March 06/2020; The epidemic has struck. Covid-19 slams into our life, sending markets all across the world into a tailspin. As the world rushes into lockdown, Bitcoin does not escape, plummeting by more than 50% in less than a week. On March 12, it plummeted from about $8,000 to under $5,000 in a single day, losing 39% of its value. Investors flocked to cash as market liquidity froze. Surprisingly, Bitcoin traders immediately returned to the game — by May, the price had risen to pre-pandemic levels, supported by a large Fed stimulus package and 0% interest rates. April 02/2020; Mike Novogratz, CEO of crypto merchant bank Galaxy Digital, tells CNBC's Closing Bell that if Bitcoin's price doesn't double by October (from a high of $7,236.39 on 2 April) and hit $20,000 by the end of the year, he'll "hang up his spurs" and maybe abandon the currency. He claims that "this is the year of Bitcoin." He isn't alone in this. Despite the pandemic's effects, optimistic predictions are abundant this year.In June 2020, the Crypto Research Report (CRR) will release its tenth edition, which will be a huge success. It anticipated the price of Bitcoin will climb to $19,044 in 2020, $341,000 in 2025, and $397,727 in 2030, using the "equation of exchange" methodology, which forecasts a target price based on "certain assumptions regarding changes in supply and demand." In five years, you've grown 35-fold? That's something we'd be willing to consider. April 30/2020; Bitcoin is on a tear right now. Since the end of March, the currency has risen by 34%, approaching $9,500 on April 30 and ended the month at $8,627.32. It's blasting back up to $10,000 — but why?Well, partly because it was on a tear before the pandemic, and it's only now going back on track as investors regain confidence (and equities markets make an unexpectedly robust comeback). It also doesn't hurt that Fed Chairman Jerome Powell reaffirmed his commitment to bolstering the US economy, injecting upwards of $6 trillion in liquidity and promising more if necessary.Most Bitcoin investors are now optimistic, anticipating a price of $20,000 by the end of the year. "Bitcoin is now trading at a major inflexion point," according to experts at Stack, a Singapore-based index fund. "Significant Fibonacci retracements, 50-day moving averages, and 10-day moving averages converge on the daily chart." May 11/2020; To the uninitiated, halvings are generally great for the price of Bitcoin - the first one boosted it from $12 to over $1,000 in a year. The most recent, which took place on May 11 a day earlier than scheduled, lowers the payout for mining a Bitcoin block from 12.5 to 6.25 Bitcoins. It sparked a lot of market volatility, with prices jumping all over the place before bursting beyond the $10,000 threshold again on June 1. In fact, many individuals believed it would rise to $20,000 by the end of 2020. PlanB, a crypto analyst, was one of the most bullish, predicting a price of $100,000 by 2020-24. That's what I call hope.Despite the fact that the upside was not as large (proportionally) as previous halvings, it signaled the start of a wonderful summer - with lots of exciting things happening, including the growth of new investment instruments. The second half of June saw unprecedented inflows into Bitcoin-based exchange-traded instruments, such as Grayscale's Bitcoin Trust (OTC-GBTC), the world's largest Bitcoin fund by AUM, which held 2.4 percent of the entire global BTC supply as of September 2020. June 06/2020; According to an article by The Intercept, the US Pentagon developed a wargame scenario called the Joint Land, Air, and Sea Strategic Special Program (JLASS) in 2018, in which disillusioned young Gen Z-ers in the twenty-first century are recruited to fight the establishment and rewarded with Bitcoin for their participation in the "Zbellion." Long-term investors own 11.4 million BTC (about $107 billion) as of June 2020, bringing the tradeable supply down to just 20%. However, according to Chainalysis, the 3.5 million coins that are actively exchanged supply the market and hence keep the price stable."Retail traders, defined as individuals who deposit less than $10,000 worth of Bitcoin on exchanges at a time," according to the research, "appears to be the great majority, accounting for 96 percent of all transactions submitted to exchanges on an average weekly basis." "However, professional traders control the market's liquidity, accounting for 85% of all Bitcoin value transmitted to exchanges in USD." July 21/2020; Ethereum has surpassed Bitcoin as the network with the highest daily value settlements, thanks to a boost from the DeFi campaign. Bitcoin increases 2.50 percent as prices remain unaffected.Etherum had taken over, according to new Messari data, which meant that the dollar worth of Ether and its DeFi tokens was now higher than that of Bitcoin. While Bitcoin had been relatively flat in recent weeks, DeFi tokens on the Ethereum network had dominated the market. Other crypto currencies were beginning to appear in the market to give Bitcoin a run for its money, and the DeFi sector was gaining popularity at a rapid pace. The good news is that US banks can now hold Bitcoin on behalf of their customers, allowing the conventional main street players to finally participate. On July 22, the Office of the Comptroller of the Currency (OCC) announced that all U.S. national chartered banks could now provide cryptocurrency custody services. It was a big event, but it wasn't fantastic news for niche platforms like Coinbase, which had been the only ones able to provide the service up until now. For a long time, prices had been hovering around $9,000, but Bitcoin finally broke out at the end of July, with an exhilarating 11.08 percent price spike on July 27 that propelled it past $11,000. August 06/2020; Bitcoin, according to US Congressman Tom Emmer, will only gain stronger as we emerge from the COVID pandemic. And it appears he is correct. Bitcoin, like other "safe haven" investments, has been steadily increasing this week.It benefits from concerns that Coronavirus stimulus measures may result in high inflation. With Bitcoin being used as a hedge against inflation. September 03/2020; So, what went wrong? Everything was going great for the entire month of August, with the price being stable between $11,000 and $12,000, until a crash on September 3 knocked the rate back down to $9,987.86, with the day closing at $10,160. For another two weeks, it wouldn't clear $11,000. So, what happened to devalue it by 10%? According to Coindesk, a significant increase in deposits onto exchanges suggests that some investors may be trying to dump all of their Bitcoin at once, lowering prices. Bitcoin miners have generated over 18.5 million BTC, accounting for 88 percent of the overall limit of 21 million. However, due to ongoing halvings, it will take more than a century to reach 100 percent, with full capacity predicted in 2140.By the way, there were almost 17,000 Bitcoin millionaires as of September 2020. October 21/2020; Bitcoin prices have remained stable at roughly $10,500-11,000, up around 50% on the year but not enough to set the globe ablaze. Everything shifts all of a sudden.PayPal is launching a new service on October 21 that will allow its 346 million consumers to buy, hold, and sell cryptocurrencies straight from their PayPal accounts, as well as use it as a funding source for PayPal's 26 million merchants. That's a huge event, and Bitcoin immediately soars over 7% to surpass the $12,000 barrier for the first time since August, setting a new high for the year so far. "What's grabbing the attention is PayPal's sheer size. According to Jason Deane, a cryptocurrency analyst at Quantum Economics, "This could easily go down in history as a watershed moment, the time at which bitcoin becomes truly mainstream."Former critics jump on board to bolster Bitcoin's reputation, with PayPal marking a tipping point in the market. JP Morgan commented on October 26 that Bitcoin had "considerable price upside," a significant shift from CEO Jamie Dimon's previous comments that the currency was a "fraud." November 05/2020; In trading today, Bitcoin reaches a high of $15,770, up over 10% from yesterday's closing, giving it a year-to-date gain of over 100% and bringing it to its record level in three years.Traders believe it's because the Federal Reserve continues to print money.The markets are desperately attempting to figure out and price in the possibilities as the US election draws closer and grows weirder. Bitcoin, on the other hand, may be in for a win in either case. "The Fed prints if there is societal unrest as a result of Trump's victory. If the election results in a blue wave and taxes rise, the dollar will decline since the Fed will continue to print more money "CoinDesk spoke with Bill Noble, the principal technical analyst at Token Metrics, a cryptocurrency research firm. It appears that all of the bulls were correct when they predicted $20,000 by the end of 2020. Bitcoin is almost there, having reached a daily high of $19,864 on November 30 before finishing the month at $19,700.On November 20, Rick Rieder, the world's largest money manager, declared that Bitcoin was here to stay and that it may "replace gold." Inigo Fraser-Jenkins, an analyst at Alliance Bernstein, had a change of heart on November 30, informing clients that Bitcoin has a place in asset allocation. December 16/2020 On December 16, the cryptocurrency breaks through the $20,000 barrier, hardly pausing before soaring to a new high of $21,576 — a year-over-year increase of almost 180 percent. It doesn't end there, though. The value of the currency continues to rise, reaching $24,000 on December 21 and $26,000 on December 26. We believe Jeff Dorman, Chief Investing Officer at digital asset investment behemoth Arca, summed up the situation very effectively. He told CoinDesk, "Bitcoin has transitioned from "digital assets playground" to "mainstream global investment." "Investors now have the expertise and resources to purchase bitcoin on their own, and we're seeing it in real time, which happened far faster than we expected."However, he cautioned against fund managers jumping on the bandwagon too quickly. "Investors will soon be looking for digital asset hedge fund strategies that don't own any Bitcoin, because they want fund managers to expose them to assets they can't acquire themselves or are unaware of." As a result, actively managed hedge funds and passive indexes constructed around high Bitcoin holdings are likely to have a short shelf life." Written by Neotrader
Education
by trader734567
Why do I need a stop loss and how to set it?📈 ❗️A stop loss is a limit order that protects you from further losses when the price moves against your position. Correctly used stop loss: 🟢Allows you not to lose the entire deposit in one transaction. 🟢Liquidates losses and frees margin for new transactions. 🟢Minimizes possible losses. ✅Trading with a stop loss limits your losses and saves your trading deposit from a sudden price movement that is not in your favor. You can perceive a stop loss as a kind of insurance. You have to constantly pay small premiums, but insurance will protect you from large monetary losses in case of sudden market movements against your position. ✅The rules for setting a stop loss are often misunderstood in conventional retail. However, it should be clear that you can never enter a trade without a stop loss. Not only because you risk losing too much on one trade, but you also easily fall victim to emotional trading mistakes. ✅When you know where your stop loss is (and why you are placing it there), you will feel less tempted to break your stop loss rules and are more likely to stick to your original plan. 🟡What are the ways of setting stops? There are three ways to set stop losses that can be used in trading: 1️⃣Volatility based stop loss. 2️⃣Time based stop loss. 3️⃣Structure based stop loss. 1️⃣Volatility based stop loss. The volatility stop loss takes into account the current price volatility in the market. The indicator that measures volatility is the average true range or the ATR indicator. You need to determine the current ATR value and multiply it by the coefficient of your choice. 2️⃣Time based stop loss The time stop determines when to exit the trade depending on the time that has passed since the start of the position opening. Instead of exiting the market depending on the value of the price, you exit after a certain amount of time has passed. 3️⃣Structure based stop loss. The structural stop loss takes into account the current state of the market relative to the levels. For example, the price usually reverses from the support level and goes up. Therefore, the stop loss can be placed under the support level. In this method, you know exactly when you will be wrong if the market structure is broken. On the other hand, if the levels are far apart, you will need a fairly large stop loss. Therefore, you will have to reduce the position size in order to maintain the current level of risk. ⚠️Stop losses should not be used in situations where the reasons for the transaction are exclusively fundamental. The price should have the opportunity to "take a walk" before the idea is implemented. Risk management is carried out by selecting the optimal share of the portfolio allocated to the transaction. Often, stop-losses are not used in long-term portfolio investment based on an unambiguous fundamental approach. ❗️Stop losses should be used in transactions where there are clear technical grounds for its placement. In such strategies, many adhere to the tactic that the potential profit exceeds the possible loss in a ratio of at least 2 to 1 or 3 to 1 (this is individual). Stop-losses are necessary for speculative trades with large "shoulders" and/or trades with a small movement potential, where the filigree execution of entry and exit is important. ❤️ Please, support our work with like & comment! ❤️
BITSTAMP:BTCUSDEducation
by UnitedSignals
9
BTC: Real Life mirror level trading! Tutorial for Beginners!💡A mirror level is a level that price tests as support and resistance several times. It helps to open long or short trades on a test of the level. Usually the mirror levels are numbers like 100, 1000, 50,000, which traders pay attention to. It can also be previous ATHs, important global levels that can be easily identified. Price bounces off of them because a large number of traders pay attention to it. I have marked 2 global mirror levels for you: 1. $10101 2. $41950 On the chart I have marked tests of these levels. Also, on the chart you can see several short (+63%) and long (+59.7%) trades. Now I give you 2 tips on how to open a trade using the mirror level: 🔶open a trade with a pending stop order. When the price is testing the level as support you can put a stop order to buy, and when it's resistance you can put a stop order to sell 🔶open the trade after the close of the candle. Once you are sure that the level has held the price as support or resistance you can open a trade 📑Based on the statistics, you can see that longs are more profitable. This is because Bitcoin and cryptocurrencies are growing 80% of the time. But you can calculate the statistics by yourself and consolidate your new knowledge! 🎓Also you can read the basic desription about Real Life channel trading in this educational idea! ✉Friends, if you still have questions about using the mirror level, write the comments or to the DM! Press the "like"💟 button and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
6
GMT Repeat Same history as AXS infinity. GMT Repeat Same history as AXS infinity did. AXS highest price was $166 per coin at that time Market cap was 9.75B of USD. Huge number GMT current price is $3.16 with a market cap of 2B of USD. That means if this coin repat same history it could make an additional 5x. To reach a 10B market cap. I think We can trade this coin during significant pullbacks because so many people bought a LOT of coins during IEO. at $ 0.01 per coin rased $ 4,200,000. That means every dollars is made 321.98x ( +32,098.1% ) of profit. PRIVATE sale. Price per coin was $ 0.005. Raise $ 5,000,000. Current RIO 643.96x ( +64,296.1% ) Friends, it's huge numbers. That means when the lock-up period will end part of people will sell their coins to the market. that's why when u trade ALWAYS use STOP Losses. And book your profit as i mentioned in a video.
Education
by Yuriy_Bishko
11
great setup for swing trading on #btc🔥hi there traders all around the world👋 one of the great setups that we can count on it is breaking the trend line and it simple. when a trend line breaks spatially if that trend was a pullback in previous(we had a good bear trend line here) we must wait for price to reach and touch the trend line then we can enter. tip: if price touches 2or 3 times its much better. I hoper you enjoy the lessen I just teaches you, wish you all a great day with good profit. cheers 🥂.
Education
by trader2613
BTC: Real Life channel trading! 3 tips for beginners95% of beginners don't understand why patterns don't work as it shown in the books. That's why losses, stress, and worries appear. The point is that only practice and personal experience will help you understand how to use it correctly. I will give you a few secrets how to trade in the channel successfully: 1. after testing the borders of the channel, wait for a false breakout or liquidity collection. At point 3 and point 5, there was a large collection of liquidity, after which you can open a LONG. You can see the result by yourself (+28%). 2. Pay attention to the key levels and value zones - combine instruments. 2.1. At point 4 there is a large value zone of $46-47k, which became a resistance. Combined with the upper boundary of the channel, it was a strong resistance zone, which means price is sure to bounce off. We saw a 20% drop! 2.2. At point 5, there was a large value zone of $37.5-40k from which the price also bounced off. The lower boundary of the channel+value zone was a major support for price. Not bad? 3. The middle of the channel. On the chart, we can see that it is often tested as resistance/support. An additional opportunity to open a trade. Be crafty, use trading tools in combination with each other and you will notice results immediately. Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
20
Inside Bar Candlestick Pattern 📉📉📉📉 We will cover the following today: Inside Bar (Inside Day) Inside Days 📉 Inside Days are a daily pattern involving two daily candles, we have a day of trade, also known as the ‘mother candle’ and then the following day trades the whole day within the range of the previous day. This is a two-day bias suggesting a potential reversal. A great way to play these sorts of biases is to pre-empt the failure of this reversal, as well as playing the success of the inside day, so what does this look like? Let’s take a look at an example below. What is an inside bar? The inside bar is a popular reversal/continuation candle formation that only requires two candles to present itself. This pattern is a direct play on short-term market sentiment looking to enter before the 'big moves' that may take place in the market. 📉 Is an inside bar bullish? Imagini pentru inside bar candlestick First, unlike other candlestick patterns, inside bars are usually not distinguished as bullish and bearish by their look or color of the body itself, but rather by the location they are at and other peripheral developments An “inside bar” pattern is a two-bar price action trading strategy in which the inside bar is smaller and within the high to low range of the prior bar, i.e. the high is lower than the previous bar's high, and the low is higher than the previous bar's low. 📉 TRADING WITH THE INSIDE BAR CANDLESTICK PATTERN: TOP TIPS AND STRATEGIES Some traders consider it a continuation pattern though a breakout in the opposite direction is possible too. After price has trended up (or down) for an extended period, the pause in price movement (represented by the inside bar) precedes a reversal of the trend. Therefore, the inside bar is looked at for a short-term trade (or swing trading) in the counter-trend direction with the goal of holding the trade for less than 10 bars. However, there is another way to trade inside bars and this is rooted directly from what the candle pattern does NOT reveal. When traders see an inside bar pattern form, it is interpreted as the markets unwillingness to push price higher or lower. This can be for any number of reasons: An extremely pertinent report is being issued soon, or The market just made a stratospheric leap and traders are tepid about bidding price much higher or lower. Whatever the reason, the motive is the same: seeking potential volatility in an effort to increase profitability. When there is a situation in which traders are unwilling to bid price higher or lower, it is seen as a potential situation for future increases in volatility. The inside bar candle pattern is NOT telling traders that the market is bidding price higher or lower but rather that the market is waiting before making the next big move in the asset. This means potential opportunities for traders. What do you think ? Comment below..
GEducation
by AnonimFXRO
Market Seasonality - Fundamentals 📉📉📉✅ Seasonality refers to particular time frames when stocks/sectors/indices are subjected to and influenced by recurring tendencies that produce patterns that are apparent in the investment valuation. ✅ Seasonality is a characteristic of a time series in which the data experiences regular and predictable changes that recur every calendar year. Any predictable fluctuation or pattern that recurs or repeats over a one-year period is said to be seasonal. ✅ What is a Seasonality Forecast? In time series data, seasonality refers to the presence of variations which occur at certain regular intervals either on a weekly basis, monthly basis, or even quarterly (but never up to a year). Various factors may cause seasonality - like a vacation, weather, and holidays ✅ You can use the Market Seasonality as an extra fundamental confluence for the price, we have 2 market seasonalities bullish and bearish. If a price has bullish seasonality it means the pariticular asset will tend to rise during that cycle and viceversa. Market Seasonality (MS) is a good tool to have in your arsenal but only if you are trading on a mid-long term perspective. You can't trade using the market seasonality on a scalping or a intra-day basis because it makes no sense. What do you think ? Comment below..
GEducation
by AnonimFXRO
Fibonacci Premium vs Discount ✅ 📝 Fibonacci is a sequence that came up with a Smart mathematician name Leonard Fibonacci came with a sequence that proved that everything in the universe repeats itself in a specific mathematical. From the petals on a flower, to the spiral patterns on snail's shell, all fulfilled with a specific numerical sequence. The same Fibonacci sequence applies in everything and anywhere including Trading. When a retracement begins as buyers will come take their profits and leave, new buyers will come in at specifici levels using the Fibonacci retracement. 📉 I use the Fibonacci retracements for entries and for take profit zones i will show that in an example on how go about doing it. Please everything that i am going to show here be ensure that you practice until you have fully mastered price action 📉I use the fib placing from the lowest body of the candle to the highest body of the candle if we are in a bullish momentum(aiming to go long) - 📝 Remember its a Fibonacci retracement. What you should remember is what i said at the beginning of the Fib that when buys take their profits and leave, new buyers get it a retracement that's where you also get it. It also vice versa when in a bearish momentum.
GEducation
by AnonimFXRO
The best course of The Major Player Behavior. ETH example Part 1I want to continue to share with you my knowledge of the behavior of the major players and who they are.😁 In the last example about Bitcoin, we considered a similar situation, now I would like to demonstrate this on another coin so that you also learn to identify such moments and fix them. Right now, on the example of Ethereum, we see approximately the same moment, a small candle fixed exactly in the stops zone of a major players. Thus, we can assume that in about 83% of cases the price will go up, since, as we mentioned in the previous tutorials, the stops of a large player in this case are equal to large buys on the exchange. Best wishes
Education
by MiriamRapoport
7
BTC: identified the bottom with VOLUME PROFILE! How to use it? As we expected, Bitcoin tested the $37800-39600 zone. But how could you predict this? You have to use the volume profile. A volume profile is close to horizontal volumes (bottom panel), but using them, you can indicate: 1. value areas(support and resistance) 2. liquidity gaps This indicator is easy to apply, it is in the left sidebar in the "Prediction and Measurement Tools". You can use it to indicate the value zones in ANY crypto/stocks/currency. Why does it work? The volume profile is a real value data and that's why the price reacts to it most of the time. Similarly, you can use the DOM and Footprint in real time to track the value zones and reversal points for price. If you have questions about it, write in comments or to the DM! Right now we expect an upward move on Bitcoin: 1. The price has started to squeeze under the $41400-42700 value zone, which shows buyer strength. 2. Volumes have also increased. BIG VOLUMES=BIG PLAYERS. 3. Short traders who opened trades on the fall will be the FUEL for the upward movement. Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
8
Bitcoin: 2 trading tips for BEGGINERS!Bitcoin has been in a $30,000 to $67,000 global consolidation for more than a YEAR. You can see on the chart that Bitcoin was down -31%, -36%, -58%, -25%, -52%, -19%. If you use a leverage larger than x2, you could be liquidated multiple times! Do you want to increase your deposit? Use risk and money management! These are simple rules that help to calculate the risk of your position and the amount of money to buy CRYPTO. For example, Bitcoin price is $40k and you see a sqeeze under the trend line. Knowing that 60% (6/10) of the time such trend lines break UP, you can divide your capital into 10 parts and buy Bitcoin for 20% of your money with a target of +25% to $50k. That way, the chance of losing your money is minimal (-1-2%) and the profit will be +5% to capital. If you have $10,000, you will earn +$500 per trade. Not bad, don't you think? In addition, you can also use the short positions, it means to earn on the falls. To do this you: 1. have to understand the basics of trading 2. need to have a desire to study and earnr This is a short and basic description of risk and money management principles. Trading is easy, but knowing the basics is essential. If you still have questions how to use the RISK and MONEY management to increase your profitability - write in the comments or to the DM . Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. Always make your analysis before a trade.
Education
by Yuriy_Bishko
4
AXS, how to trade using KEY LEVELS? FREE education!Key Level. How can a common tool help you to earn more? Let's take Axie Infinity (AXS) as an example! A key level is a local minimum or maximum. It can be clearly marked after a BIG price movement up or down (points of extremum). Key levels are often the price of 1, 10, 50, 100 dollars, because many traders pay attention to this numbers. On the chart we have marked two key levels: 1. lower (for longs) - $44.68 2. upper (for shorts) - $72 When to open a trade: 1. on a test of the key level as support or resistance; 2. on false breakdown of the level. IMPORTANT: IN BOTH CASES, VOLUMES MUST INCREASE! It`s an indicator that a big player opens a trade too! Using the KEY LEVELS you could earn: +62%, +62%, +38%. Risk to reward for these trades from 1:7 to 1:14(!). It's a good statistic, right? If you still have questions how to use the key level and what tools can be used to increase your profitability - write in the comments or to the DM. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Education
by Yuriy_Bishko
12
A simple trick to keep your emotions out of the game!Do you have trouble with FOMO or sticking with your plan? One of the most simple tricks to help take your emotions out of the game and stick with logic is to change your candle colors. Yes, it really makes a difference! Psychologically we are hard wired to react to red and green as STOP and GO reactions. This is actually the opposite of what you want when trading from a smart money perspective. Unless you are a 'breakout' trader or something of the sort, most times you want to be buying when things are red and selling when things are green. When we see red and green on the charts and can cause us to jump in impulsively to the wrong direction. So in short, find some neutral colors that for you still provide you the necessary information and contrast, but do not evoke a strong emotional response. In my case I'm sticking with blue up and yellow down, but have also experimented with greens and grays, etc. At any rate, this is a super basic post, but I think it is extremely important and also often disregarded as red/green are default. At the very least, give it a try and see how you react emotionally to the bars going forward. I've also requested that tradingview gives us color customization options for the watchlist. As opening this first thing in the morning and seeing everything red or green can be very jarring and lead you to respond emotionally and jump right in. Hope it helps somebody!
BITSTAMP:BTCUSDEducation
by Eldal
9
Compounding (Course #2)The power of compounding is one of Warren Buffett’s success factors. Compounding is why you can make a lot of money over time. You MUST understand the power of it, and use it. That’s it. Compounding is basically reinvesting what you earned into earning more. Why is this so powerful? Because each time you earn a percentage, that earning is in fact percentage of the initial + a percentage of the previous gains. Then, as you go on, the sum of all the small gains is growing exponentially, making you earn more and more! Take a look below: Day 1, I trade $1,000 and earn 2%. This is $20. My total account balance is $1,000 + $20 = $1,020. Day 2, I trade $1,020 and earn 2%. This is $20.40. My total account balance is $1,020 + $20.40 = $1,040.04. Day 3 … again, 2% Day 4, … …. Day 30, my account balance is now $1,775.84. I earn 2%. This is $35.52. My final account balance is now $1,811.36. This is a $811.36 gain over $1,000. Or, it is a 81% gain. See the first picture - Not impressed? Check the second picture, doing it for 6 month. Compare this to the third one, not compounding your gains. You can see if you were not compounding your gains in the first month, you would make $600 (60%) instead of $800+ (80+%). Conclusion: Compounding should be a no brainer. You won’t get rich by trading high leverage a few times and make big bucks. Yet, you can get very rich by compounding your gains, steadily, day-in and day-out.
BYBIT:BTCUSD.PEducation
by Maddrix_club
Understanding Bitcoin from a different perspective #5Prices drop over 10% of their gains on June 21 as a poll suggests that UK voters are leaning toward remaining in the EU, after rising nearly 50% between June 1 and June 18 on the back of the Brexit momentum. After the survey helped propel financial markets and the pound higher, Bitcoin dropped another 9.92 percent on June 22, causing Bitcoin some difficulties. Much of the Brexit appears to have been motivated by the hope that a No-Deal Brexit would loosen bitcoin laws. Furthermore, the negative impact on both the pound and the euro may pave the door for a new participant... perhaps a digital currency? Indeed, it was hoped that if the EU no longer governed UK rules, the UK would embrace Bitcoin.People were ecstatic either way. Imagine how they would have reacted if they had known how long the "deal or no deal" situation would last. Though the price fell on June 21, it rose again on June 23, when the referendum was held, though not quite to the same highs it had reached earlier in the month. July 09/2016 The second Bitcoin halving reduces the price by another 50% automatically, but volatility remains minimal and the price recovers quickly due to strong optimistic sentiment in the run-up to the split. It's another hack.Bitfinex (BITFINEX/BTCUSD) has halted trading following a security breach that resulted in the theft of nearly 120,000 Bitcoins, causing prices to plummet. In the largest Bitcoin loss since the Mt Gox disaster in 2014, around 119,756 customer Bitcoins valued roughly $72 million went missing. Given the magnitude of the loss, the marketplace was naturally confused and frustrated, and prices fell about 11% from $606.84 to $540.03, reaching a low of $465.28. Fortunately, it started to bounce back the next day. Reuters has gotten a scoop, and it's not good. According to the data, a third of Bitcoin trading platforms have been hacked at some time, and the danger for Bitcoin holders is compounded because depositors insurance for cyber theft does not exist. However, after the Bitfinex (BITFINEX/BTCUSD) debacle earlier this year, no one is surprised, and prices barely move. Nothing appears to have changed since then, with more than $11 billion stolen from "safe" crypto exchanges, wallets, and mining sites by 2020. October 11/2016 Bitcoin has been stuck between $615 and $595 for the past month, but a New York Times report on central bank usage has jolted it out of its slump. Government and banking regulations have had a rocky relationship with Bitcoin, but it appeared that central banks were progressively warming to the notion of employing blockchain technology, if not Bitcoin itself.A few institutions began investing into accumulating Bitcoin in 2016 to pay cyber criminals who threatened their systems. November 09/2016 The election of Donald Trump as President of the United States sends stock markets all over the world into a tailspin. Investors are fleeing the falling stock market in search of other options, which helps Bitcoin. The price rises by roughly 5% in a single day, which is amusing given Trump's anti-Bitcoin stance. January 03/2017 Bitcoin has broken $1,000 for the first time in three years. It doesn't stay there, but the influx of new investors attracted by the continual media coverage over the preceding few years helps to a tremendous bull run in 2017. It also did well in 2016; according to Business Insider, it was the best-performing currency of the year. Bitcoin and China resemble a couple that keeps breaking up, slamming each other, and then reuniting. Right now, they're in the midst of a break-up, with two of China's top Bitcoin exchanges preventing users from withdrawing their funds. Bitcoin's value plummets. Following a meeting between the People's Bank of China and Bitcoin exchanges, the news was announced. Because China dominated Bitcoin trading at the time, practically all Bitcoin exchanges took place on Chinese exchanges. The Securities and Exchange Commission (SEC) has denied Cameron and Tyler Winklevoss' application to form the first Bitcoin exchange-traded fund. Prices plummeted from a high of $1,350 to a low of $975 in minutes as a result of the decision, a shocking -28 percent swing, before completing the day almost -6 percent lower at $1,116.97. April 01/2017 Japan has made Bitcoin legal tender, a step that appears to be positive but could be a cynical attempt to regulate the currency and set further limits on how it is used. That's how governments work.Despite the fact that the regulatory change limited Bitcoin's freedoms in Japan, the trading community applauded it. The price reflected the increase, rising from $1,070 at the start of the month to $1,350 by the end. Traders gained confidence as a result of the government seal of approval. It also resulted in an influx of new exchanges in Japan, with 11 being licensed as of September 2017. May 03/2017 Russia has indicated that it may legalize the usage of cryptocurrencies, which is a significant development for Bitcoin, which has seen a significant price increase. It's a significant change from the previous year, when Russian officials threatened to prosecute anyone caught trading cryptocurrencies. Why? Some cynics believe it's because of the benefits of Bitcoin's speed, security, and transparency over traditional banking channels. In any case, it took a long time - in August 2020, President Putin signed a bill legalizing cryptocurrencies. It permitted people to exchange Bitcoin, but it forbade anyone from using it as a payment method. June 20/2017 Prepare yourself for a few months of phenomenal progress. Bitcoin's price has risen from $928.10 on March 25 to $2,954.22 as of June 11's closure. But growth isn't easy, and it's slipping back down amid a bigger digital currency sell-off. However, the pain does not last long, as a relief rally follows, with prices rising from a low of $2,120 on June 15 to $2,740 on June 20. July 15/2017 The controversial Segregated Witness software upgrade has been approved, resulting in a modest price drop, possibly as traders factor in the potential impact. The upgrade was intended to address a number of long-standing Bitcoin issues. First, there's the issue of 'transaction malleability,' which was the bug that drove Mt. Gox down in 2014. The discussion over scalability and block size is perhaps more relevant. SegWit permitted the construction of a new payment system, the Lightning Network, which allowed for almost unlimited amounts of "off-chain" fast and low-cost transactions. Despite not being fully operational until late August, the SegWit upgrade was quite popular, with 100 percent of Bitcoin mining pools supporting it. The notion was that by increasing the block size, more transactions could be processed, making the system more cost-effective and faster to utilize. Supporters of BCH, such as Roger Ver (former CEO of Bitcoin.com and widely known as the "Bitcoin Jesus"), argued that by upgrading rather than increasing the block size, SegWit was pushing Bitcoin to act more like a digital investment rather than a real, usable currency, straying from its original goals. The new currency debuted at around $240 vs. $2,731. Sep 11/2017 The Chinese government, as one of the most important worldwide trading hubs for Bitcoin. They take their most daring step yet in September, ordering the shutdown of all Bitcoin and cryptocurrency exchanges in the country. The move had an immediate impact, wiping nearly $1,000 off the price in just a few days and bringing it back down to $3,227 before rallying again. Written by neotrader
INDEX:BTCUSDEducation
by trader734567
BTCvsS&P500! Is volatility the key to SUCCESS?Bitcoin versus the S&P500! Why is volatility so important? Volatility is always an opportunity for the trader and investor. But what is it? Volatility is the ability of price to change in % over a period of time. Buying Bitcoin and the S&P500 at the same time close to the lows you would earn +$400 and the S&P500 +$130. The same with short positions. Volatility helps a trader to earn more! The price of Bitcoin has been very dependent on the S&P500 lately. Bitcoin is down by 52% from its ATH and up by 47%. The S&P500 is down by 14.6% and up by 13%. Why such different changes in price and how to make money on it? It's all very simple! The total value (capitalization) of the S&P500 is about $40 trillion. The value of all Bitcoins is about $0.9 trillion. Let's imagine that the S&P500 and Bitcoin gained +1 trillion dollars to their value. The S&P500 price would rise by +2.4% ($41 billion) and Bitcoin by more than 100% ($1.9 billion). I have been in trading for a very long time and I can tell you that your INCOME depend on your skills. If you have a trading strategy, use trading tools, money management and risk management, you can earn more. Friends, if you still have questions, leave a comment or write to DM! Friends, press the "like" button and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
4
DXY - Elliott Wave Breakdown ✅Following on from our last post on DXY, we have moved up a considerable amount. In our last post we identified the higher timeframe impulsive move and waited for a catalyst, NFP, to move the market in our direction. See our previous post below: In Elliott Wave Theory, the impulsive wave can be broken down into the following 5 waves: Wave 1 - is made up of 5 subwaves (impulse) Wave 2 - Is a corrective wave made up of 3 waves (ABC correction) Wave 3 - is another impulse wave made up of 5 subwaves (impulse) Wave 4 - is a corrective wave made up of 3 waves (ABC correction) Wave 5 - Can be either an impulse or a correction - But its made up of 5 waves. In this scenario, the 5th wave is appearing to be an impulsive move. We have a channel which we will be using as a guide to help us identify when the 5th wave will finish. The way to use DXY is by doing the following: Bullish DXY = USD Strength. Bearish DXY = USD weakness 1. Analyse DXY for reversal zones and identify what the next move is 2. In our last post, we identified a reversal zone and we were waiting for NFP to be the catalyst to get the market moving (FEB 4th) 3. When DXY approaches the reversal zone, we go on to USD pairs and analyse them 4. Find a pair where you think USD will bounce/reject (depending on whether you're trading USD/XXX or XXX/USD) e.g. in the VIP, we correlated DXY with EURUSD. We identified that we were bullish DXY = Bearish EURUSD. We had a trade setup ready and we were waiting for confirmation. See below for the the VIP setup we had. Went into 10pip drawdown and hit TP of over 500pips = 1:50 RR. Hope this post helped a little! Goodluck and as always, trade safe!
TVC:DXYEducation
by WicktatorFX
5
Understanding Bitcoin from a different perspective #4 On November 19th, Finney praises Satoshi for some revisions and inquires about the Bitcoin network's aspired size, which would effect scalability and performance. 'How big do you think it will get? Hundreds of nodes? Thousands? Millions?’ This foreshadowed the scaling discussion, which eventually resulted in the emergence of splinter cryptocurrencies such as bitcoin cash and so-called layer 2 solutions like sidechains and the Lightning Network. In an unusual step, the Bitcoin Community issues a quarterly report, and values remain remarkably stable for such a typically volatile currency. For the quarter, the website received over 7 million page views, three new wallets were introduced to the page for users to choose from, over 114 new pages of developer documentation were provided, and translations for 26 languages were uploaded. In March, the Bitcoin Foundation welcomes a new member, and it appears that Olivier Janssens' first order of business is to reveal a slew of Bitcoin secrets in a Reddit post, claiming that the Foundation is "effectively bankrupt" due to "two years of ridiculous spending and poorly thought out decisions." According to his exposé, the Bitcoin Foundation had almost no money left, had fired 90% of its employees. Prices had been hovering between $220 and $240 for the past few months, but on June 16, Bitcoin peaks at $252.05. The price increase was attributed to the situation of the Greek economy, according to some. At first glance, it may appear to be an insane correlation, but the Greek economy was in bad shape. Bank accounts may even be frozen if the country defaults on its credit obligations. In that event, digital currency may be the primary means in and out of the country. This was the first case where we see bitcoin being considered as a viable solution to traditional finances limitations by a sovereign country. Bitcoin Core developers Mike Hearn and Gavin Andresen have released Bitcoin XT, a new, slightly modified version of the software. Fears of a split drive price volatility . The issue boils down to a disagreement over the size of the chain's blocks. Andresen, Hearn, and their followers claimed that as the currency grew in popularity, the blocks should be increased in size. They cautioned that if this did not happen, Bitcoin would fall down a "capacity cliff," where all of its blocks would become full, causing a backlog of transactions . This would flood the network with data, causing long delays and potentially raising rates. Bitcoin XT proposed increasing the block size from 1MB to 8MB as a solution. However, the publication of the new software alarmed many individuals since it presented the chance that the Bitcoin community might be unable to agree on a size. Consensus is crucial in a decentralized group, and a lasting dispute could lead to a permanent split. This time, though, it didn't go as planned: few miners chose Bitcoin XT, and the alternative software eventually died out around mid-2016. However, the prospect of a hard fork continued to worry the market, and the price fell from $261.46 on August 15 to $209.72 on August 24. The EU has declared no VAT on Bitcoin exchanges and declared it a legitimate currency, which is a huge gain for crypto. By contrast, the US government classed Bitcoin as a commodity in September. The European ruling was as well-received, and Bitcoin's new tax-free status drew traders and drove the price back up to $300. "Bitcoin has failed," declares Mike Hearn, a Bitcoin Core engineer who had previously built the alternative Bitcoin XT software. He's also the person to whom Satoshi Nakamoto allegedly wrote his "resignation" email in October of 2013. "The fundamentals are broken," Hearn wrote on Medium, and "whatever happens to the price in the short term, the long term trend should definitely be lower." He claimed to have sold all of his coins and warned that "the network is on the verge of technical failure."Bitcoin, of course, is still in use after all these years. The first successful Zero-Knowledge Contingent Payment (ZKCP) on the Bitcoin network has been announced. Prices have risen by 2%. Zero-Knowledge Contingent Payment is a transaction protocol that allows a buyer to buy information from a seller anonymously and securely using Bitcoin; simply, you don't have to trust anyone because no information is transferred unless the payment is made. The Japanese government has approved a bill that recognizes virtual currencies as being equivalent to real money, with the ability to make payments and the ability to be moved digitally. This is a significant step forward, as many other countries are still struggling with the role that cryptocurrencies may or should play. The Payment Services Act Amendment Bill was aimed to put the industry under the oversight of Japan's Financial Services Agency (FSA) and introduce new registration requirements for virtual currency exchanges, as well as overseas exchanges that provide services to Japanese users. It also imposed a slew of additional regulations on cryptocurrency exchanges, such as recordkeeping, annual reporting, and anti-money laundering compliance. After a few weeks of reasonably stable overall price performance, despite volatility in daytime trading, Bitcoin hits a closing price of $467.42, its highest since September 2014. Increased usage of cryptocurrency technology in general is thought to be the reason for the surge. Intel (INTC) announced plans to employ blockchain technology, Storj, a new blockchain technology developer, joined the Microsoft (MSFT) Azure blockchain, and the UK announced plans to use blockchain to track taxpayer money on April 26. The second halving is approaching. People are ecstatic, and Bitcoin is benefiting. It's shaping up to be one for the books, with a 10% price increase for May . There were a few theories as to what caused the May surge, but it was most likely a mix of factors. Ethereum, a rival currency, had entered the market a few months prior, attracting more attention to the digital currency ecosystem globally and finally giving Bitcoin some meaningful competition. The prospect of a halving was also generating enthusiasm in the UK market.Having started the month at $448.43, May closed at $531.84, and June only got better. Written by neotrader. cryptoverse2.blogspot.com
Education
by trader734567
Bearish Candlestick Pattern's 📉📉📉📈 Technical Analysis I use those bearish candlestick patterns as an extra confluence when price gets into my POI (point of interest) they can make your trade much better. ⬇️ Bearish POI look for : Tweezer Tops Three Red Crows Bearish Engulfing Evening Star Hanging Man Evening Star Gravestone Doji ‼️ Don't use them ALONE as a single argument, the change of getting a good trade could dramatically decrease What do you think about those candlestick patterns, do you use them ?
Education
by AnonimFXRO
1
Timing the Market Using Tether DominanceI always emphasize that time in the market beats timing the market, but I want to share an interesting approach that you can consider taking when timing the cryptocurrency market, especially when it comes to Bitcoin's overall direction. This is not financial advice. This is for educational purposes only. Tether Dominance - Just as Bitcoin dominance refers to Bitcoin's market cap relative to that of the entire market cap, Tether dominance is no different. - It refers to how much capital is parked in stablecoins, specifically Tether, at any point in time. - Since Tether (USDT) is a stablecoin that tracksthe USD, an increase in Tether dominance suggests a pullback or correction in cryptocurrencies. - A simple way to understand it is to think of USD flowing in and out of the market. - On the other hand, if Tether dominance drops, it means that more capital is being deployed to purchase cryptocurrencies, which is bullish overall for the market. - If you look at the graph above, you'll clearly see the inverse correlation between Bitcoin (orange) and Tether dominance (black). - Key support and resistance zones for Tether dominance are marked as well. - As we're currently trading slightly above local support, marked in green, if we see Tether Dominance fall below those levels, we could expect Bitcoin to continue rallying upwards. Bitcoin Daily Chart Analysis - We've tested Bitcoin's yearly open price at $47.2k, and failed to break above the 200 simple moving average (purple). - Bitcoin has retraced to $45-46k levels, which is a completely anticipated move considering that pullbacks can take place upon breakouts. - As the overall structure remains bullish, and we see the moving averages cross again, aligning in order for a bull rally, I expect us to retest $50k ranges again. - Whether we get rejected at those levels, or break through it is unclear, but we'll take it by levels as we always do. Conclusion With Tether dominance currently barely holding local support, I think there's a high probability that we see those support levels break down, and see Bitcoin rally upwards once again. This is definitely an indicator that you want to continuously refer to as you trade. If you like this educational post, please make sure to like, and follow for more quality content! If you have any questions or comments, feel free to comment below! :)
CRYPTOCAP:USDT.DEducation
by Michael_Wang_Official
38