Educational Post:
When you buy and sell assets on a crypto exchange, the market prices are directly related to supply and demand. Apart from the price, other important factors to consider are trading volume, market liquidity, and order types. Depending on the market conditions and the order types you use, you won't always get the price you want for a trade.
There is a constant negotiation between buyers and sellers that creates a spread between the two sides (bid-ask spread). Depending on the amount of an asset you want to trade and its volatility, you might also encounter slippage (more on this later). So to avoid any surprises, getting some basic knowledge of an exchange's order book will go a long way.
What is bid-ask spread?
The bid-ask spread is the difference between the highest bid price and the lowest ask price of an order book. In traditional markets, the spread is often created by the market makers or broker liquidity providers. In crypto markets, the spread is a result of the difference between limit orders from buyers and sellers.
If you want to make an instant market price purchase, you need to accept the lowest ask price from a seller. If you'd like to make an instant sale, you'll take the highest bid price from a buyer. More liquid assets (like forex) have a narrower bid-ask spread, meaning buyers and sellers can execute their orders without causing significant changes in an asset's price. This is due to a large volume of orders in the order book. A wider bid-ask spread will have more substantial price fluctuations when closing large volume orders.
When you buy and sell assets on a crypto exchange, the market prices are directly related to supply and demand. Apart from the price, other important factors to consider are trading volume, market liquidity, and order types. Depending on the market conditions and the order types you use, you won't always get the price you want for a trade.
There is a constant negotiation between buyers and sellers that creates a spread between the two sides (bid-ask spread). Depending on the amount of an asset you want to trade and its volatility, you might also encounter slippage (more on this later). So to avoid any surprises, getting some basic knowledge of an exchange's order book will go a long way.
What is bid-ask spread?
The bid-ask spread is the difference between the highest bid price and the lowest ask price of an order book. In traditional markets, the spread is often created by the market makers or broker liquidity providers. In crypto markets, the spread is a result of the difference between limit orders from buyers and sellers.
If you want to make an instant market price purchase, you need to accept the lowest ask price from a seller. If you'd like to make an instant sale, you'll take the highest bid price from a buyer. More liquid assets (like forex) have a narrower bid-ask spread, meaning buyers and sellers can execute their orders without causing significant changes in an asset's price. This is due to a large volume of orders in the order book. A wider bid-ask spread will have more substantial price fluctuations when closing large volume orders.
POLS/BTC
Polkastarter is a blockchain platform designed to provide an easy to use launchpad for cross-chain token pools and auctions.
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: 2672-3250-3765-4500
Polkastarter is a blockchain platform designed to provide an easy to use launchpad for cross-chain token pools and auctions.
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: 2672-3250-3765-4500
Crypto Chart Alerts
#FTM Analysis : #FTM a little bit higher till the strong resistance zone of $0.29 - $0.31. Price rejected from the zone and now reversed back to the structural support level of $0.25 - $0.26. Structure looks bullish, so price might continue push higher.…
FTM tested the support zone and bounced from there. If you opened long position then increase your stop loss to break even price and hold this trade. We will see a retest of the resistance level. You can book some profit at resistance area.
MDT/BTC
Measurable Data Token (MDT) aims to provide a blockchain-based data economy, where data providers and data buyers can exchange data securely and anonymously.
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: 146-180-220-260 satoshi
Measurable Data Token (MDT) aims to provide a blockchain-based data economy, where data providers and data buyers can exchange data securely and anonymously.
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: 146-180-220-260 satoshi
Educational Post:
What is blockchain bridge?
To understand what a blockchain bridge is, you need to first understand what a blockchain is. Bitcoin, Ethereum, and BNB Smart Chain are some of the major blockchain ecosystems, all relying on different consensus protocols, programming languages, and system rules.
A blockchain bridge is a protocol connecting two economically and technologically separate blockchains to enable interactions between them. These protocols function like a physical bridge linking one island to another, with the islands being separate blockchain ecosystems.
Thus, blockchain bridges enable what is called interoperability, meaning that digital assets and data hosted on one blockchain can interact with another. Interoperability is the cornerstone of the internet: Machines worldwide use the same set of open protocols to talk to each other. In the blockchain space, where there are many distinct protocols, blockchain bridges are essential to enabling a similar ease of exchanging data and value.
How do blockchain bridges work?
The most common use case for a blockchain bridge is token transfer. For example, you want to transfer your bitcoin (BTC) to the Ethereum network. One way is to sell your BTC and then purchase ether (ETH). However, this would incur transaction fees and expose you to price volatility.
Alternatively, you can achieve this objective by using a blockchain bridge without selling your crypto. When you bridge 1 BTC to an Ethereum wallet, a blockchain bridge contract will lock your BTC and create an equivalent amount of Wrapped BTC (WBTC), which is an ERC20 token compatible with the Ethereum network. The amount of BTC you want to port gets locked in a smart contract, and the equivalent tokens on the destination blockchain network are issued or minted.
A wrapped token is a tokenized version of another cryptocurrency. It’s pegged to the value of the asset it represents and typically can be redeemed for it (unwrapped) at any point.
What is blockchain bridge?
To understand what a blockchain bridge is, you need to first understand what a blockchain is. Bitcoin, Ethereum, and BNB Smart Chain are some of the major blockchain ecosystems, all relying on different consensus protocols, programming languages, and system rules.
A blockchain bridge is a protocol connecting two economically and technologically separate blockchains to enable interactions between them. These protocols function like a physical bridge linking one island to another, with the islands being separate blockchain ecosystems.
Thus, blockchain bridges enable what is called interoperability, meaning that digital assets and data hosted on one blockchain can interact with another. Interoperability is the cornerstone of the internet: Machines worldwide use the same set of open protocols to talk to each other. In the blockchain space, where there are many distinct protocols, blockchain bridges are essential to enabling a similar ease of exchanging data and value.
How do blockchain bridges work?
The most common use case for a blockchain bridge is token transfer. For example, you want to transfer your bitcoin (BTC) to the Ethereum network. One way is to sell your BTC and then purchase ether (ETH). However, this would incur transaction fees and expose you to price volatility.
Alternatively, you can achieve this objective by using a blockchain bridge without selling your crypto. When you bridge 1 BTC to an Ethereum wallet, a blockchain bridge contract will lock your BTC and create an equivalent amount of Wrapped BTC (WBTC), which is an ERC20 token compatible with the Ethereum network. The amount of BTC you want to port gets locked in a smart contract, and the equivalent tokens on the destination blockchain network are issued or minted.
A wrapped token is a tokenized version of another cryptocurrency. It’s pegged to the value of the asset it represents and typically can be redeemed for it (unwrapped) at any point.
TRU/BTC
TrueFi is a protocol for creating interest-bearing pools with a high APR for liquidity providers.
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: 340-390-450-500 satoshi
TrueFi is a protocol for creating interest-bearing pools with a high APR for liquidity providers.
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: 340-390-450-500 satoshi
Crypto Chart Alerts
TRU/BTC TrueFi is a protocol for creating interest-bearing pools with a high APR for liquidity providers. 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…
TRU Hit 374 Satoshi in BTC pair. That is more than 25% quick profit. Keep earning 😊
Crypto Chart Alerts
TRU/USDT lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here. so now is the right time to build your position in it before breakout for massive profits😊 Targets: $0.0736-0.0985-0.1257-0.1675 SL: $0.0443
TRU/USDT pumped to 0.0798, That is more than 25% massive profit for you guys. Our team always try to best TA+FA based signals. Pin our channel on top to never miss a signal or update and share it with your friends and family. Keep Earning 😊
Crypto Chart Alerts
WAVES tried multiple times to break above the resistance area but rejected from there. This is the reason we told you to not open long position here. We will see test of lower support area before next move. Still there is no buying opportunity yet.
WAVES tested the lower support and bounced from there. The resistance level remains the same and we might see retest of resistance soon. If you have long position then book profit near the resistance area. You can also open a short position at resistance with tight stop loss.
HIGH/BTC
HIGH Token (Highstreet) is a native token of a decentralized commerce-centric play-to-earn metaverse built with virtual reality (VR) support.
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: 743-895-1015-1125 satoshi
HIGH Token (Highstreet) is a native token of a decentralized commerce-centric play-to-earn metaverse built with virtual reality (VR) support.
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: 743-895-1015-1125 satoshi
UNI analysis:
UNI formed double bottom (W pattern) which is a trend reversal pattern. The major support is now $4.70-$4.80 area. The major resistance is the $5.40-$5.60 area and a break above this is bullish. Don't open any long positions here as we may see a test of support before the next move. You can short UNI near $5.50 with a tight stop loss above the $5.70 area.
UNI formed double bottom (W pattern) which is a trend reversal pattern. The major support is now $4.70-$4.80 area. The major resistance is the $5.40-$5.60 area and a break above this is bullish. Don't open any long positions here as we may see a test of support before the next move. You can short UNI near $5.50 with a tight stop loss above the $5.70 area.