Crypto Chart Alerts
Bitcoin started the week with a green candle. BTC now trying to break the resistance of the $30,500-$31,000 area. We may see some positive moves this week because there are already 9 red weekly candles. Let's see if BTC is able to break above the $31,000 resistance…
Today is the Bitcoin weekly candle close. The candle looks like gravestone Doji which is bearish in nature if formed on top, but this candle is formed on a downtrend and we see a more clear picture by next week. BTC is trading in a tight range and we see a breakout very soon. A break and close below $28,000 on a weekly chart is extremely bearish and we suggest you exit all long positions if this happens. Use tight stop loss in all your open trades.
Educational Post:
What is a Bitcoin ETF?
An ETF is an exchange-traded fund, meaning an investment fund that tracks the price of an underlying asset. ETFs exist across many different industries and asset classes. For example, gold ETFs have existed for decades, and they track the price of gold.
A Bitcoin ETF would work the same way – the price of the ETF would follow the price of Bitcoin.
ETFs are regulated financial products – as such, they trade on traditional markets like the NASDAQ or NYSE and not on a cryptocurrency exchange.
This, however, might change in the future as the borders between traditional finance and the cryptocurrency industry continue to blur.
Why is a Bitcoin ETF important?
Well, Bitcoin isn’t the easiest asset to deal with. Custody, for example, can cause some serious headaches for a large institution. After all, Goldman Sachs won’t just plug a hardware wallet into a laptop and YOLO (transfer) $2B of Bitcoin on it. Large financial institutions don’t operate in the same way as individual investors, and they need a complex regulatory framework and financial plumbing to be able to participate in this space.
This is why an ETF can go a long way to bring adoption and expand the potential investor base. It can give price exposure for participants in the traditional markets without them having to worry about all the nitty-gritty of physically owning the coins.
What is a Bitcoin ETF?
An ETF is an exchange-traded fund, meaning an investment fund that tracks the price of an underlying asset. ETFs exist across many different industries and asset classes. For example, gold ETFs have existed for decades, and they track the price of gold.
A Bitcoin ETF would work the same way – the price of the ETF would follow the price of Bitcoin.
ETFs are regulated financial products – as such, they trade on traditional markets like the NASDAQ or NYSE and not on a cryptocurrency exchange.
This, however, might change in the future as the borders between traditional finance and the cryptocurrency industry continue to blur.
Why is a Bitcoin ETF important?
Well, Bitcoin isn’t the easiest asset to deal with. Custody, for example, can cause some serious headaches for a large institution. After all, Goldman Sachs won’t just plug a hardware wallet into a laptop and YOLO (transfer) $2B of Bitcoin on it. Large financial institutions don’t operate in the same way as individual investors, and they need a complex regulatory framework and financial plumbing to be able to participate in this space.
This is why an ETF can go a long way to bring adoption and expand the potential investor base. It can give price exposure for participants in the traditional markets without them having to worry about all the nitty-gritty of physically owning the coins.
Crypto Chart Alerts
SXP again slowly moving towards the resistance line. A break above this is bullish. The major resistance is the $0.575-$0.585 area. The support is $0.53 level, increase your stop loss to below this support level and hold the long position.
SXP tried to break the resistance level multiple times but was rejected from there. A break above this resistance level sends us towards the $0.65-$0.66 resistance area. Increase your stop loss near the $0.54 area and hold this trade in profit.
Crypto Chart Alerts
#LOKA break below the rising wedgr pattern, which was expected. Now, price is hodling near the $1.13 intermediate support. Currently, now buys looks good in #LOKA. Wait for the opportunity.
#LOKA trending more lower and lower as already said buys doesn't looks good. Price might reach till next support level at $0.90. We gonna look for market sentiment for buys if price reaches there.
MANA analysis:
MANA is taking support at the $0.92-$0.97 area. There is a downtrend line that works as resistance and MANA rejected this multiple times. If MANA breaks the resistance line then we see a move towards the $1.10-$1.15 area. If MANA breaks the support we see a heavy downfall. You can open a long position with tight stop loss below the support area.
MANA is taking support at the $0.92-$0.97 area. There is a downtrend line that works as resistance and MANA rejected this multiple times. If MANA breaks the resistance line then we see a move towards the $1.10-$1.15 area. If MANA breaks the support we see a heavy downfall. You can open a long position with tight stop loss below the support area.
Crypto Chart Alerts
Today is the Bitcoin weekly candle close. The candle looks like gravestone Doji which is bearish in nature if formed on top, but this candle is formed on a downtrend and we see a more clear picture by next week. BTC is trading in a tight range and we see a…
Bitcoin started the week by positive move. The last weekly candle close above $30,000 level. BTC now trading above $31,000 resistance area. If BTC sustain above this then we see a move towards $34,000 area. Stop loss is necessary in all trades.
BNB analysis:
BNB is trading in a tight range. The major resistance is the $330-$335 area and a break above this is bullish. We will open new long positions if BNB is able to sustain above the $330 area. The support is $295 area and major support is $250-$260 area. Wait for some time for new entries.
BNB is trading in a tight range. The major resistance is the $330-$335 area and a break above this is bullish. We will open new long positions if BNB is able to sustain above the $330 area. The support is $295 area and major support is $250-$260 area. Wait for some time for new entries.
Educational Post:
Many often talk about how large traders and whales manipulate the markets. While much of these theories can easily be disputed, there are some well-known methods of market manipulation that require large holdings. One of these is a technique called spoofing.
What is spoofing?
Spoofing is a way of manipulating markets by placing fake orders to buy or sell assets, like stocks, commodities, and cryptocurrencies. Typically, traders who attempt to spoof the market use bots or algorithms to automatically place orders to buy or sell. When the orders get close to getting filled, the bots cancel the orders.
The main idea behind spoofing is trying to create a false impression of buy or sell pressure. For example, a spoofer may set a large number of fake buy orders to create a false sense of demand at a price level. Then, as the market gets close to the level, they pull the orders, and the price continues to the downside.
The market often reacts strongly to spoof orders because there isn’t a great way of telling if it is a real or a fake order. Spoofing can be especially efficient if the orders are placed at key areas of interest for buyers and sellers, such as significant support or resistance areas.
Many often talk about how large traders and whales manipulate the markets. While much of these theories can easily be disputed, there are some well-known methods of market manipulation that require large holdings. One of these is a technique called spoofing.
What is spoofing?
Spoofing is a way of manipulating markets by placing fake orders to buy or sell assets, like stocks, commodities, and cryptocurrencies. Typically, traders who attempt to spoof the market use bots or algorithms to automatically place orders to buy or sell. When the orders get close to getting filled, the bots cancel the orders.
The main idea behind spoofing is trying to create a false impression of buy or sell pressure. For example, a spoofer may set a large number of fake buy orders to create a false sense of demand at a price level. Then, as the market gets close to the level, they pull the orders, and the price continues to the downside.
The market often reacts strongly to spoof orders because there isn’t a great way of telling if it is a real or a fake order. Spoofing can be especially efficient if the orders are placed at key areas of interest for buyers and sellers, such as significant support or resistance areas.
Crypto Chart Alerts
AVAX is now testing the support of the $25.50 area. AVAX needs to bounce from here otherwise we see more downfall. The next support is $23.70-$23.90 area. Wait for some time before opening new positions.
AVAX is now again trying to break the major resistance of the $27.50-$28 area. AVAX goes below the support level and this is the reason we told you to wait before opening new trades. We are looking for new entries if AVAX is able to hold above the $28 area. You can open a short position on resistance with tight stop loss.
Crypto Chart Alerts
MANA analysis: MANA is taking support at the $0.92-$0.97 area. There is a downtrend line that works as resistance and MANA rejected this multiple times. If MANA breaks the resistance line then we see a move towards the $1.10-$1.15 area. If MANA breaks the…
MANA breaks the resistance line and slowly moves up. Our long position is in profit of 8% increase your stop loss to breakeven price. Let's see how price reacts to the resistance of the $1.10-$1.15 area.
AVA/BTC
Travala.com, founded in 2017, is the leading blockchain-based travel booking platform backed by Binance.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 2648-3275-3865-4455 satoshi
Travala.com, founded in 2017, is the leading blockchain-based travel booking platform backed by Binance.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 2648-3275-3865-4455 satoshi
#CHR Analysis :
#CHR heavily trended down and broke below the major support level of $0.22 - $0.26, which is now turned into major resistance. Price forming a uptrend channel pattern or a bear flag, which can be break to the down side easily. We'll look buys only if it breaks the $0.29 structural high.
#CHR heavily trended down and broke below the major support level of $0.22 - $0.26, which is now turned into major resistance. Price forming a uptrend channel pattern or a bear flag, which can be break to the down side easily. We'll look buys only if it breaks the $0.29 structural high.
Crypto Chart Alerts
Bitcoin respecting the support level and holding above it. This is good sign, a break below this support is bearish and red flag. Keep tight stop loss in all trades. The first resistance is $30,500-$31,000 area.
Bitcoin is again rejected from the resistance area and now back at support. The trading range is still valid and there is no clear breakout yet. Keep tight stop loss in all trades. The breakout of this range will be massive and we see a big move either side.
Educational Post:
What is arbitrage trading?
Arbitrage trading is a trading strategy that aims to generate profit by simultaneously buying an asset in a market and selling it in another. This is most commonly done between identical assets traded on different exchanges. The difference in price between these financial instruments should, in theory, be zero since they’re quite literally the same asset.
The challenge an arbitrage trader, or arbitrageur, has is not only finding these pricing differences, but also being able to trade them quickly. Since other arbitrage traders are likely to see this difference in price (the spread) as well, the window of profitability usually closes very fast.
On top of that, since arbitrage trades are generally low-risk, the returns are generally low. That means arbitrage traders not only need to act quickly, but they need a lot of capital to make it worth it.
Risks associated with arbitrage trading
While arbitrage trading is considered relatively low-risk, that doesn’t mean it’s zero. Without risk, there’d be no reward, and arbitrage trading is certainly no exception.
The biggest risk associated with arbitrage trading is execution risk. This happens when the spread between prices closes before you’re able to finalize the trade, resulting in zero or negative returns. This could be due to slippage, slow execution, abnormally high transaction costs, a sudden spike in volatility, etc.
Another major risk when engaging in arbitrage trading is liquidity risk. This happens when there isn’t enough liquidity for you to get in and out of the markets you need to trade to complete your arbitrage. If you’re trading using leveraged instruments, like futures contracts, it’s also possible that you could get hit with a margin call if the trade goes against you. As usual, exercising proper risk management is crucial.
What is arbitrage trading?
Arbitrage trading is a trading strategy that aims to generate profit by simultaneously buying an asset in a market and selling it in another. This is most commonly done between identical assets traded on different exchanges. The difference in price between these financial instruments should, in theory, be zero since they’re quite literally the same asset.
The challenge an arbitrage trader, or arbitrageur, has is not only finding these pricing differences, but also being able to trade them quickly. Since other arbitrage traders are likely to see this difference in price (the spread) as well, the window of profitability usually closes very fast.
On top of that, since arbitrage trades are generally low-risk, the returns are generally low. That means arbitrage traders not only need to act quickly, but they need a lot of capital to make it worth it.
Risks associated with arbitrage trading
While arbitrage trading is considered relatively low-risk, that doesn’t mean it’s zero. Without risk, there’d be no reward, and arbitrage trading is certainly no exception.
The biggest risk associated with arbitrage trading is execution risk. This happens when the spread between prices closes before you’re able to finalize the trade, resulting in zero or negative returns. This could be due to slippage, slow execution, abnormally high transaction costs, a sudden spike in volatility, etc.
Another major risk when engaging in arbitrage trading is liquidity risk. This happens when there isn’t enough liquidity for you to get in and out of the markets you need to trade to complete your arbitrage. If you’re trading using leveraged instruments, like futures contracts, it’s also possible that you could get hit with a margin call if the trade goes against you. As usual, exercising proper risk management is crucial.
IDO/IGO are trending topic in cryptocurrency market over a year. Investors make multiple fold return from IDOs.
The major risk in investing into IDOs is that they are not regulated and if the team rugpull then investor money is gone.
You need to do a lot of research before investing into any IDO. Check their team reputation and previous projects. Research about the project and see if it is ready (testnet or mainnet launched) or just on paper. Follow the project on social media and ask questions in public groups.
The major issue is not getting allocation for IDOs. There are different ways the team uses for their IDO. Some uses First come first serve (FCFS) while other use lottery tickets. Check their social media channel to know more about the whitelist process for allocation.
The trend is not over and you can make good profit from IDO/IGO. Do proper research and use tight risk management.
The major risk in investing into IDOs is that they are not regulated and if the team rugpull then investor money is gone.
You need to do a lot of research before investing into any IDO. Check their team reputation and previous projects. Research about the project and see if it is ready (testnet or mainnet launched) or just on paper. Follow the project on social media and ask questions in public groups.
The major issue is not getting allocation for IDOs. There are different ways the team uses for their IDO. Some uses First come first serve (FCFS) while other use lottery tickets. Check their social media channel to know more about the whitelist process for allocation.
The trend is not over and you can make good profit from IDO/IGO. Do proper research and use tight risk management.
Crypto Chart Alerts
MANA breaks the resistance line and slowly moves up. Our long position is in profit of 8% increase your stop loss to breakeven price. Let's see how price reacts to the resistance of the $1.10-$1.15 area.
#MANA did a breakout whic ended up being a fakeout now. Currently, price dipped back to the support zone around $0..92 - $0.96. We might see a push again, so you can look for buys woth stops below the support.
Crypto Chart Alerts
AVAX is now again trying to break the major resistance of the $27.50-$28 area. AVAX goes below the support level and this is the reason we told you to wait before opening new trades. We are looking for new entries if AVAX is able to hold above the $28 area.…
AVAX is again rejected from the resistance area of $28. If you opened a short position then you can book profit here or increase your stop loss. AVAX price dumped more than 15% from the resistance level. The major support is $21-$21.5 area.
Breaking: Long-Awaited U.S. Crypto Bill Is Here, What Does It Mean?
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