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Bitcoin Price Analysis – April 5

Highlights

  • The medium and short term trend bias are bearish.

 

  • In a downtrend, a trader should know that if price retraces from the recent low, a resistance level would be created. This gives the trader the opportunity to place short trades.

 

 

 

BTCUSD Medium-term Trend: Bearish

 Resistance: $7,000, $6,900, $6,800

 Support: $6,400, $6,500, $6,600

Yesterday, BTCUSD pair had a bullish outlook but the bullish movement was short-lived. Bitcoin which was trading at $7,429.57 yesterday lost control to the bears who took the price to $6,621.17, as at the time of writing. However, from the weekly chart, the 20-day moving average crosses below the 50-day moving average indicating a bearish outlook of Bitcoin. 

 

Price is falling and moving towards the previous low of $6,500. However, the RSI period 14 is level 21 which indicates that the market is oversold suggesting bulls could take control of the market for a biref bounce. As the market is oversold, traders could look for buy setup to form in order to place long trades.

 

BTCUSD Short-term Trend: Bearish

From the daily chart, you will find price of Bitcoin making series of  lower highs and lower lows symbolizing a bearish movement. The bearish trend line over laps the price bars showing resistance levels where a trader can make short positions. In a downtrend, a trader should know that  if price retraces from the recent low, a resistance level would be created. This gives the trader the opportunity to place short trades.

Meanwhile, the RSI period 14 is level 67 which indicates that price is in the bullish trend zone.

 

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

Edited by Cryptoglobe

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ETHUSD Long-term Trend – Bearish

Distribution territories: $500.00, $600.00, $700.00.

Accumulation territories: $300.00, $200.00, $100.00.

                                          

This week ETHUSD pair continues to trend southward almost the same bearish outlook as last week’s formation. On April 3rd, the price managed to form a lower high above distribution territory of $400.00, April 4th marked another noticeable bearish movement in the market. Presently, price has also moved deeply southward and has now been trading around the accumulation territory of $400.00.

 

Moving average 50 is far above moving average 13. The price action has been traded along the bearish path of moving average 13 consecutively with a wide space notification to moving average 50. The stochastic oscillator remains crossed into the oversold zone and also pointing southward. However, the current price trend could, in the long-term, accumulate momentum from breaking below the next accumulation territory of $300.00 and form a trading range towards another accumulation territory of $200.00. Pit stops can be experienced if that eventually cropped up. Traders can look out at that point in time to take on the bull from a reversal or a pullback which can lead to a potential markup in price in the next few weeks.

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

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Bitcoin Price Analysis – April 10

BTCUSD Medium-term Trend: Ranging

Resistance: $7,100, $7,000, $6,900

Support: $6,500, $6,600, $6,700

Yesterday, April 9, the price of Bitcoin was in a bullish trend. Bitcoin traded up to $7,200 before the bears took control of the market and brought price to its low at $6,786.67. Price has resumed its range bound movement because neither the bulls, nor the bears have control of price. From the weekly chart, the support at $6,500 and the resistance at $7,500 have been strong key levels for the price of Bitcoin.

These key levels have been holding since March 30, 2018. The bears have been resisted by the bulls at the support level; therefore price is expected to rise again or fluctuates. Traders can adopt a range bound strategy in a situation where price is in a range bound movement. I don’t see price breaking the support level but if it does traders should short their positions.

I expect price to rise again or fluctuates in a range bound movement. Now look at the weekly chart. If you had followed the range bound movement since March 30, 2018, you would have had the opportunity of placing two long trades and a short trade. In a range bound strategy, you take a long trade at the support level and exit near the resistance zone.

On the other hand, you take a short trade at the resistance level and exit near the support zone.

BTCUSD Short-term Trend: Ranging

 From the daily chart, the BTCUSD pair is in a range bound movement. Price is oscillating between the resistance at $6,800 and the support at $6,600.

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

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ETHUSD Long-term Trend – Bearish

Distribution territories: $500.00, $600.00, $700.00.

Accumulation territories: $300.00, $200.00, $100.00.

                                          

This week ETHUSD pair continues to trend southward almost the same bearish outlook as last week’s formation. On April 3rd, the price managed to form a lower high above distribution territory of $400.00, April 4th marked another noticeable bearish movement in the market. Presently, price has also moved deeply southward and has now been trading around the accumulation territory of $400.00.

 

Moving average 50 is far above moving average 13. The price action has been traded along the bearish path of moving average 13 consecutively with a wide space notification to moving average 50. The stochastic oscillator remains crossed into the oversold zone and also pointing southward. However, the current price trend could, in the long-term, accumulate momentum from breaking below the next accumulation territory of $300.00 and form a trading range towards another accumulation territory of $200.00. Pit stops can be experienced if that eventually cropped up. Traders can look out at that point in time to take on the bull from a reversal or a pullback which can lead to a potential markup in price in the next few weeks.

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

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Ethereum Weekly Price Analysis – April 14

 

ETHUSD Long-term Trend – Bearish

Distribution territories: $600.00, $700.00, $800.00.

Accumulation territories: $400.00, $300.00, $200.00.

 

Unlike last week, ETH/USD value this week maintained its increase on Wednesday and consolidated it on Thursday the 12th. Quite a significant lower high has been witnessed, and the bearish outlook has yet not been convincingly outdone as far as long-term trend is concerned. At present, the price has moved northward and has been trading at around the distribution territory of $500.00.

 

The 50-day moving average is above the 13-day moving average as price action shows that bulls are now trying to spring back into action. Stochastic oscillators have crossed and moved above 50 range as they are now pointing northward at an area not yet too far away from the oversold zone. Investors, potentially, can witness pit stops in the current significant price hike between the distribution territory of $500.00 and $600.00. At this point, should the bulls take action and give up way back to a strong pullback, then the bears could again play back into action that can last for only a few weeks.

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research

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Bitcoin Price Analysis – April 19

 

BTCUSD Medium-term Trend:  Bullish

 

 Resistance: $9,500, $9,000, $8,500

 Support: $6,500, $7,000, $7,500

 

Yesterday, April 18, price of Bitcoin which fell was as a result of price pullback. It was at the resistance level of $8,500 that it faced opposition. We also assume that  if price of Bitcoin continues with fall in price, it will find support at $7,500. Today, price of Bitcoin is in a Bullish market trading at $8,209.61 as at the time of writing.

 

At the onset of a trend, whether bullish or bearish traders are to look for buy setups or sell setups. In the case of a bullish trend, we are to look for buy setups.  From the weekly chart, a bullish trend line is drawn across the price bars showing the support levels of price where traders can place long trades.

 

Any time price pulls back to the trend line, it is an opportunity to initiate a long trade. As the bullish market continues, price is expected to retest the resistance level at $8,500 and break it. If it eventually breaks the resistance at $8,500, it will face another resistance at $9,000 before reaching other highs of price levels.

 

 

BTCUSD Short-term Trend: Bullish

 

In the daily chart, price of Bitcoin is making a series of higher highs and higher lows. The 50-day moving average and 20-day moving average are trending northward signifying the uptrend.

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

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Bitcoin Weekly Price Analysis – April 21

 

BTCUSD Long-term Trend – Bearish

 

Distribution territories: $10,000.00, $11,000.00, $12,000.00.

Accumulation territories: $7,000.00, $6,000.00, $5,000.00.

 

Though the trend outlook in the BTCUSD long-term trend chart is still bearish. Bitcoin has been making a more appreciable rebound against the US dollar since 12th of April, while producing a dramatic northward spike. There have been many higher lows than lower lows on the pair. The stochastic oscillators have now found a fresh dipping into the overbought zone.

 

The bullish candlestick formed on April 12, has breached past the simple moving average 13, leading the price action to hover toward the trend line of the simple moving average 50. The price has been trading between the accumulation territory of $7,000.00 and a bit above the distribution territory of $8,000.00. The BTC/USD chart has shown a bullish reversal above the southward trend line, and if the bears manage to claw the price down, then there can be some smaller thick accumulation territories below the $8,000.00 distribution territory. In this regard, investors can watch out for taking a long entry while the price reverses.

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

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Ethereum Price Analysis – April 25

 

ETHUSD Medium-term Trend: Bullish

 

Resistance: $680, $670, $660

Support: $620, $630, $640

 

Yesterday, April 24, Ethereum price was in a bullish market and reached the resistance level at $700. The bulls have attempted breaking the resistance level without success. The reason for this is that the resistance level was previously a strong support level that was broken by the bears on March 13, 2018. Today, the asset is trading at $644.55 at the time of writing.

 

Nevertheless, in the weekly chart, the ETHUSD pair traded up to $709, but was resisted by the bears. The price fell to the $640 low. However, although the price has fallen as per the indicators and price action; the overall trend is bullish. In the weekly chart, the MACD line and the signal line are below the zero line, indicating that the market is bearish.

 

The 12-day EMA is above the 26-day one and are below the price, indicating that the bullish trend is ongoing.

 

ETHUSD Short-term trend: Ranging

n the daily chart, the price is in a range bound movement. Ethereum was ranging at the $700 resistance level. At $670, the bulls took the price to the resistance zone and were resisted by the bulls at $710. Then there was a pullback to the $640 low when the market went into a range bound movement.

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

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Bitcoin Weekly Price Analysis – April 28

 

BTCUSD Long-term Trend – Bearish

Distribution territories: $11,000.00, $12,000.00, $13,000.00.

Accumulation territories: $7,000.00, $6,000.00, $5,000.00.

 

BTCUSD, like many other digital assets across the globe, witnessed a volatile price decline on April 25. The BTC market prices are averaging a bit above the distribution territory of $9,000.00 right now, after tumbling below the accumulation territory of $8,000.00. The chart shows that the BTC bulls hit some strong distribution territories, very close to $10, 000.00.

 

The Simple Moving Average 13 has crossed the 50 one from below. This indicates that some of the downturns may be short-lived and the path distribution territory will be headed northward. The Stochastic Oscillators have dipped into the overbought zone but is still pointing northward. The sentiment remains that the bulls need to break the distribution territory again, above the $10,000.00 distribution territory, to have a better stride. There can also be some pit stops between $9,000.00 and $11,000.00 distribution territories. Traders should be cautious of taking short trade entries at this point in time to avoid selling at lower prices as a result of panic.

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

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Ethereum Price Analysis – May 3

 

ETHUSD Medium-term Trend: Bullish

Resistance: $760, $750, $740

Support: $690, $700, $710

 

The ETHUSD pair was in a ranging market yesterday. Price of the asset was ranging from the resistance level at $700 to the support level at $650. The MACD line and the signal line are below the zero line. Today, the ETHUSD pair is currently trading at $716.13 as at the time of writing. However, from the weekly chart, the price of the asset has broken the resistance level at $700.

 

The price of the asset may likely reach the highs of $750 and $800. Meanwhile, the MACD line and the signal line are above the zero line indicating that price of the asset is bullish. The price bars are above the 12-day EMA and 26-day EMA indicating that the current trend is ongoing. Traders have a buy signal because the MACD line crosses above the signal line.

 

ETHUSD Short-term trend: Bullish

In the daily chart, price of Ethereum is in a bullish market. From the chart, the price of the asset had been in a range bound movement for days before it encounters a bullish movement to the high of $720. A positive histogram shows as soon as the MACD line crosses above the signal line indicating a buy signal.

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

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Bitcoin Weekly Price Analysis – May 5

 

BTCUSD Long-term Trend – Bearish

 

Distribution territories: $12,000.00, $13,000.00, $14,000.00.

Accumulation territories: $8,000.00, $7,000.00, $6,000.00.

 

In spite of lower highs than lower lows on the BTC/USD pair, the long-term trend chart has not been able to make a significant move away from a bearish outlook. On April 29, the pair declined a bit below the accumulation territory of $9,000.00 and on May 1, it reversed northward towards the distribution territory of $10,000.00.

 The bulls are currently gaining momentum as the 13-day SMA is now above the 50-day SMA.

The Stochastic Oscillators have now dipped into the overbought zone and are also consolidating their movement within it. Accumulation territories from $8,000.00 and below remain foundational territories.

As it has been observed, the market seems to be recovering from several weeks of selling pressure. The bears are getting weaker against the bulls as has already been shown by price action. It is expected that sooner than later the bulls will eventually gain the hold of the market trend.

Going by this assertion, investors can continue with long entries while the price reverses from what seemingly looks like a bearish move. While traders can look out for long entries with proper money management of either ratio 1 to 2, or 1 to 3.

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

Source: https://www.cryptoglobe.com/markets/price-analysis

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Bitcoin Long-term Price Analysis

 

BTCUSD Long-term Trend – Bearish

 

Distribution territories: $11,000.00, $12,000.00, $13,000.00.

Accumulation territories: $7,000.00, $6,000.00, $5,000.00.

Bitcoin has been consecutively witnessing bearish movements against the US dollar since the beginning of this week. Between May 5 and 6, the bulls were close to the distribution territory of $10,000.00 but were being slightly weakened, and the bears eventually took over. The 13-day SMA is still above the 50-day SMA.

Bitcoin’s price is currently trending southward towards the 50-day SMA within the distribution territory of $10,000.00 and the accumulation distribution territory of $8,000.00.

The Stochastic Oscillators have crossed and moved a bit southward past range 50. They are seemingly gathering momentum around said range. Expectations may see the current bearish movement lure traders into entering fake selling orders that will only last for a while.

The bulls can be believed to have started building up the required catalyst from the markets current down trend. The sentiment as to what investors are expected to do show us they can continue to enter long trades from bearish reversal trends. Traders can also look out for the same reversal format and take long entries by applying good money management rules.

 

Views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

SOURCE: https://www.cryptoglobe.com/markets

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Ethereum Price Analysis – May 15

 

ETHUSD Medium-term Trend: Ranging

 

Resistance: $760, $750, $740   

Support: $700, $710, $720   

Yesterday, May 14th  the overall trend of Ethereum was bearish. The price of the asset had fallen from the highs of $830, $767 and $735 as per the bearish trend line. However, at the time of writing, the MACD line and the signal line were above the zero line indicating a buy signal. The price bars of Ethereum were above the 12-day EMA and 26-day EMA indicating that the bullish trend is ongoing.

It was assumed that if the support level was broken, Ethereum would find support at $672. Today, Ethereum is currently trading at $723.67 at the time of writing. From the weekly chart, the price of the asset is above the $700  level. The asset is ranging from the support level at $700 to the resistance level at $750. Today the indicators are showing bullish signals. The MACD line and the signal line are above the zero line indicating a buy signal.

The price bars of Ethereum were above the 12-day EMA and 26-day EMA indicating that the bullish trend is ongoing. Therefore the price is expected to test the resistance level at $750 and reach further highs.

 

ETHUSD Short-term trend: Ranging

On the daily chart, the price of Ethereum is in a ranging market. At the levels of $690 and $700, the price of Ethereum was ranging. Then it had a bullish movement which took it to the high of $740. At the high of $740, it resumed its range bound movement.   

            

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

SOURCE: https://www.cryptoglobe.com/markets

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Bitcoin Price Analysis – May 16

 

BTCUSD Medium-term Trend: Bearish

 

Resistance: $8,500, $8,400, $8,300

Support: $7,900, $8,000, $8,100   

Yesterday, May 15, the BTCUSD pair traded above the $8,500 price level and, at the same time, the bearish trend line was broken. Secondly, the candlestick also closed on the opposite of the trend line. The price action also showed that the price retouched the trend line and began a ranged bound movement. Based of that, it was assumed that the downtrend was over.

It was previously stated that Bitcoin price is unlikely to continue its downtrend. Today, the price was trading at $8,341.68 at the time of writing. However, the weekly chart shows that it fell again to the previous day's low of $8,341.68. Nevertheless, if the asset continues its fall, it will certainly retest the previous low of $8,000.

The relative strength index period 14 is level 27 indicating that the market is oversold. This suggests that the bulls will take control of the market. However, that does not mean the price will not retest the previous low of $8,000 because it can rally even at the oversold market condition.

 

BTCUSD Short-term Trend: Bearish

The daily chart shows that Bitcoin price has a bearish outlook. Yesterday, the asset was trading at $8,700 in a range bound movement. Later, the price fell to $8,500 and resumed its range bound movement. Bitcoin finally fell to $8,300. Since the price has broken the $8,500 level, it may find support at $8,000.

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

SOURCE: https://www.cryptoglobe.com/markets

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Bitcoin Long-term Price Analysis

 

BTCUSD Long-term Trend – Bearish

Distribution territories: $11,000.00, $12,000.00, $13,000.00.

Accumulation territories: $6,000.00, $5,000.00, $4,000.00.

 

Bitcoin has been continuously witnessing a downward slide against the US dollar this week. The last time that the pair made a slight high was on May 20. The bears have had a greater advantage on the market over the bulls over the past few weeks. The major critical territory the pair is believed not to easily break remains the immediate accumulation territory of $6,000.00. The cryptocurrency’s price only touched it on February 6.

The 13-day SMA has briefly crossed the 50-day SMA. Both moving averages are a bit above the distribution territory of $8,000.00, whilst price is currently averaging towards the accumulation territory of $7,000.00.

The Stochastic Oscillators have breached past range 20 in the oversold zone suggesting the bearish trend is soon going to end. The market behavior is still expected to see the bears push harder than the bulls. Current possible foundational territories within which strong catalysts can be obtained for a bullish reversal are the accumulation territories of $6,000.00 and $4,000.00.

 Investors can probably lookout for a reversal from the bearish movement to go in, but traders can possibly watch out for a sudden breakout of either the accumulation territory of $7,000.00 or distribution territory of $8,000.00 to join in the direction of the breakout trend with the use of fund management rules.

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research

SOURCE: https://www.cryptoglobe.com/markets/price-analysis

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Ethereum Price Analysis – May 29

 

ETHUSD Daily Trend – Bullish

 

Distribution territories: $570.00, $580.00, $590.00.

Accumulation territories: $550.00, $540.00, $530.00.

Ethereum had been significantly suffering from the strength of the US dollar. ETHUSD yesterday declined  sharply in value up to the point of touching the accumulation territory of $500.00. The buyers managed to stage a good come-back into the market play while a decent Japanese bullish candlestick was formed above the trend-line of the 13-day SMA. 

The buyers have moved the market value up to the point of touching the distribution territory of $570.00, today. The sellers’ strength has now been weakening against the buyers’. The 13-day SMA has crossed the 50-day SMA from below. The Stochastic Oscillators have crossed the range of 20 into the oversold zone but now point northwards. The current sudden upward stride in the market movement of ETHUSD is expected to continue giving more strength to the buyers. The sellers will now probably find it necessary to exercise a kind of precautionary bias of placing or entering the trades.

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

SOURCE: https://www.cryptoglobe.com/markets/price-analysi

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Bitcoin Price Analysis – May 30

 

BTCUSD Medium-term Trend: Bullish

 

Resistance: $7,800, $7,700, $7,600

Support: $7,200, $7,300, $7,400

On 24 May, the Bitcoin price broke the support level at $7,500 after several days of fluctuating below and above that level. The asset fell to $7,127 and resumed a range-bound movement. The range-bound movement resulted in a bullish breakout above $7,500. The asset was trading at $7,548.60 at the time of writing.

Today, the weekly chart shows that the Bitcoin price attempts to establish itself above the $7,500 level. A bearish trend line is drawn across the price bars, to determine the end of the bearish trend. On 29 May, the Bitcoin price has broken the bearish trend line and the candlestick closed on the opposite of the trend line. The asset was also in a bullish movement above $7,500.

This implies that the bearish trend may have ended. However, if the price consolidates and establishes above the $7,500 level, traders can initiate long trades.

 

BTCUSD Short-term Trend: Bullish

On the daily chart, the Bitcoin price is in a bullish trend. The bearish trend made the asset fall to $7,100. After the price consolidated at $7,100 for two days, it made a bullish movement to $7,400. It was at that price level that the asset made its way above $7,500.

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

SOURCE: https://www.cryptoglobe.com/markets/price-analysi

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Ethereum Price Analysis – May 31

 

ETHUSD Medium-term Trend: Bullish

 

Resistance: $585, $580, $575

Support: $555, $560, $565

Yesterday, 30 May, the ETHUSD pair was in a bullish market. Ethereum had established itself above the $550 price level. Meanwhile, the MACD line and the signal line were above the zero line, indicating a buy signal. Also, the price was above the 12-day and 26-day EMA indicating that the bullish trend was ongoing. Ethereum is currently trading at $569.10 at the time of writing.

Nevertheless, today, the Ethereum price is sustained above $550. The asset price is fluctuating between $550 and $600 since 29 May. Meanwhile, the MACD line and the signal line are above the zero line, indicating a buy signal. The Ethereum peice is above the 12-day and the 26-day EMA, indicating that the bullish trend is ongoing.

However, since the asset price has been sustained above the $550, traders should initiate long orders above that level.

 

ETHUSD Short-term trend: Bullish

The daily chart shows that Ethereum is in a bullish market although the MACD line and the signal line are below the zero line, indicating a sell signal. The asset may reach $600 if the resistance level at $570 is broken.

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

SOURCE: https://www.cryptoglobe.com/markets/price-analysi

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    • Date : 23rd January 2020. How To Improve Your Trading Mindset 23rd January 2020.Our Head Market Analyst, Stuart, explains how to improve your Trading Mindset. Understand the importance of emotional control and discipline through an unmissable Q&A session.Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Bitcoin: Upcoming Halving And What To Expect Bitcoin’s upcoming halving will be one of the most followed crypto-related occasions in the year 2020. Thousands of cryptocurrency enthusiasts will be observing the markets eagerly to witness what effect this year’s halving will have on the cryptocurrency. Many believe that the occasion would have a positive effect on BTC’s price as has been observed in the past. On the other hand, some are expecting the price to drop dramatically after the occasion. Whatever the result may be, it is apparent that this occasion will be a defining juncture for Bitcoin. In this review, we breakdown what the Bitcoin halving is all about, some effects of this occasion, historic occurrences, and what to anticipate from this year’s halving occurrence. Bitcoin was built on a system that mandates regular halving (also known as Halvenings) to sustain its value. The halvings are programmed to happen every 4 years. Already, Bitcoin has witnessed two halving processes, the first in 2012, and the other in 2016. The next halving process is scheduled for the 20th of May 2020. Bitcoin’s Value Preserving Strategy Bitcoin runs on a deflationary economic model which ensures that over time, lesser and lesser Bitcoin tokens will be created until finally, the creation of new Bitcoin tokens will end. BTC’s total supply is capped at 21 million, meaning that it is impossible to have more than that exact number of Bitcoin token in circulation at any point in time. It has been estimated that the very last Bitcoin token will be mined in the year 2140. Bitcoin’s deflationary model predisposes it to scarcity which increases in demand, thereby causing its value to increase as well. This model is different from traditional fiat which is based on an inflationary model, this means that banks can instruct for the printing of more banknotes at will. This is not an ideal practice per se as a boost in the volume of banknotes in circulation could result in the devaluation of that currency. Bitcoin’s “Block Reward” System New Bitcoin tokens are pumped into the market through a popular process known as cryptocurrency “mining”. Bitcoin miners get rewarded with a Bitcoin “block” allotment every time they successfully solve transactions. The blocks are allotted by the Bitcoin algorithm. The block rewarding process happens every ten minutes. So in fact, ten minutes from this moment, new Bitcoin tokens will be created. Mining is not an easy process. It requires a certain level of expertise, specific hardware, and a serious quantity of electricity. After the inception of Bitcoin, the first mining reward was fifty Bitcoin. This meant that every ten minutes, a Bitcoin miner received fifty Bitcoin tokens for solving transactions. That number has since been halved, twice, and is now at 12.5 Bitcoin token per block reward. By May this year, the halving will bring that figure down to 6.25 Bitcoin token per block reward. This feature has been pre-programmed into Bitcoin’s system. What This Could Mean for Mining Lesser block rewards are not the only reason Bitcoin is scarce. It has gotten significantly harder to mine Bitcoin and receive rewards. This is because mining is now more difficult as more miners are entering the system thereby increasing competition. Consequently, an increase in competition means miners require more sophisticated tools to solve cryptographic Algos. Over the years, miners have created what is known as “mining pools” to better handle the rising competition of mining. Mining pools are a network of miners, collectively working towards achieving block rewards. Block rewards in mining pools are distributed according to the percentage of effort put into earning a block. Improved Stock-To-Flow Ratio Halvings have several profitable impacts on Bitcoin. One such effect is that it boosts the Stock-To-Flow ratio of Bitcoin. A commodity’s STF ratio is calculated by dividing the quantity of the asset held in reserves, by the quantity manufactured in a year. The greater the STF ratio, the lesser the annual inflation on that asset. Commodities like gold possess a very impressive STF ratio as its available quantity is limited. Presently, Bitcoin has a significantly lesser STF ratio, unlike gold. Regardless, more halving occasions will boost the Bitcoin’s STF ratio. It is even believed that someday, Bitcoin will surpass gold in the STF ratio rating and will be an even better store of value. This is probably why Bitcoin is dubbed “digital gold”. After-Effects of Previous Halvenings 2012’s Halving The first Bitcoin halving happened on the 28th of November. On that day, the cryptocurrency recorded a 6.5% trade range. Regardless, to the surprise of many, the price remained at a consolidated state months after the occasion. This was partly because Bitcoin was still in its infancy and so, not many people were engaged with it. Also, media coverage at the time was not what it is today, which means many people were not informed of what was going on. Based on the information on Bitcoin’s BNC Liquid Index, the price of BTC attained a high of about $32 on the 8th of June 2011. The price of BTC never broke above the $32 mark until the 28th of February 2013 (4 months later), where price witnessed a climb to $260 after which a drop was experienced and the price stayed below that level for several months. Fast forward to the 30th of November 2013 (close to a year after the 2012 halving), Bitcoin rallied dramatically and peaked at $1,167, which was a whopping 9,686% increase from the initial price of $11 on halving. 2016’s Halving On the 9th of July 2016, the second halving, the price peaked at $664 but did not maintain that uptrend instead fell to $626 on the same day. Subsequently, the price continued on that downward trajectory for about three months. However, things started looking up for Bitcoin from the 27th of October 2016 when price closed above the previous halving’s high of $664. Bitcoin later proceeded to smash its last all-time high of $1,167 on the 23rd of February 2017. This spike started the famous bull rally of 2017 through 2018, which witnessed a peak at $20,000 sometime in December 2017. 2016’s halving shot Bitcoin’s price from $664 to $20,000 which was a growth of 2,912%. Possible Outcomes of this Year’s Halving? In the crypto sector, the Bitcoin halving is undoubtedly among the most talked-about and anticipated occasions of the year. Presently, there are mixed expectations as to what the outcome of the 2020 halving may be. Many in the crypto sector are very optimistic and believe that, just as in the past, the price will soar dramatically either before or after the occasion. Creator of Kraken, Jesse Powell expects the price of Bitcoin to rise close to $100k or 1 million after the halving. The CTO of Morgan Creek Digital Assets also shares the belief of Jesse and expects Bitcoin to reach the $100,000 mark by 2021. He says that scarcity is a driving force for the demand of any commodity. He explains that the 2020 halving will cause Bitcoin to be more scarce. Other crypto players believe that this year’s occasion will not have a similar trajectory with past occasions and would, instead, mar the price of Bitcoin. Another possible scenario that has been observed over time is the “buy and dump” case. This scenario usually plays out when there is a highly anticipated occurrence. It works exceptionally well when the upcoming occasion is sure to have a quantifiable effect on supply and demand dynamics. The price of the asset in question experiences a huge spike just days or a few weeks to the main event. This transpires because investors stock up on the asset towards the event. After the event, however, the price of the said asset drops significantly. This kind of activity has transpired frequently in the cryptocurrency space. One such occasion was the Bitcoin futures trading releases for the CBOE and CME. Just a few days to the CME’s release, the price of Bitcoin rallied from $6,400 and peaked close to its all-time high of $20,000 in a day. Not surprisingly, the price dropped considerably in the period that followed those releases. Furthermore, some cryptocurrency experts believe that the aftermath of the halving has already been priced in. It has been observed that demand is “missing” in the Bitcoin market, this could be a clear indication that the halving has been priced in. Usually, months before a halving, a boost in demand and price of Bitcoin is always noticeable. This time, however, no increase can be observed in neither of the stated areas. In this case, it could lead to a lateral trading period which might be a good thing for traders. At the moment, Bitcoin is still struggling to break above the $7,200 mark and there are no signs of a reversal happening soon. Whatever the result may be one thing is for sure, the price of Bitcoin is set to experience drastic changes this year.   Source: https://learn2.trade 
    • Your All-Round Guide To Security Token Offerings Security token offerings (STOs) are one of the most revered investment options in the crypto space at the moment. It has even been termed the “future of fundraising”. But what exactly are STOs and what is the rave all about? This article aims to break down STOs, what it is all about, and how it can be beneficial to you. What Exactly is a Security Token Offering? STOs, simply put, provide a means of tokenizing fungible financial assets such as stocks, bonds, and REITs, and introduces the tokens to the public through regulated channels. STOs are a lot like ICOs as they generally involve the same processes. However, the differentiating factor between STOs and ICOs is in the tokens being sold. With ICOs, the tokens are usually non-descriptive and could range from anything digital currencies to utility tokens. With STOs however, the token is a “security”, meaning that it is exchangeable and possesses a set monetary value. Breakdown of Security Tokens Security tokens function as digital versions of the assets they represent. Here’s a list of some popular security token representations: 1- Capital markets: Firms can convert their shares into tokens, allowing investors to own parts of the firm. In some cases, owners of tokens receive dividends and can execute votes on the affairs of the firm. 2- Equity funds: Equity funds can also tokenize their shares for sale. 3- Commodities: Commodities like gold, natural gas, coffee can be tokenized. 4- Real estate: The equity of this asset class can be tokenized, much like how REITs function. STOs do not change the underlying securities, instead, it makes these assets more readily accessible on a digital platform. Unlike other digital assets, security tokens can only be traded on certain regulated exchanges. Some exchanges require interested investors to meet some set qualifications. Advantages of STOs STOs are formulated with regulatory-compliance in mind, unlike ordinary token sales. Security tokens provide its owners with several legally binding rights. Some security tokens even bestow its owners with rights to dividends or other defined streams of income. Security tokens are also beneficial to their issuers. From the onset, the entities issuing the tokens are aware that their tokens are being purchased by accredited and verified investors and so, they don’t have to worry about the credibility of their investors. Other advantages of STOs include: 1- It is adequately regulated: Entities issuing security tokens must operate under the guidance of designated regulatory agencies in the region like SECs and FTCs. 2- You can rest assured that STOs won’t falter in the future: Unlike ICOs that cannot be guaranteed, STOs are sure to always deliver because it is properly regulated. 3- STOs offer great convenience: Procuring security tokens is easy, straightforward, and stress-free. All you need to do is to adhere to the STO requirement in your jurisdiction and you’re good to go. 4- It can be programmed: Security tokens are programmable and can be facilitated by smart contracts. 5- Automated dividend disbursement and voting: Some security tokens are structured to send dividends automatically through smart contracts. Also, some security tokens provide the bearer with exclusive voting rights in the affairs of the entity offering the tokens. 6- It is a globally accessible investment vehicle: Investors across the globe can procure security tokens regardless of their location. 7- It is not susceptible to manipulation: Considering the mode of operation STOs are run by, big players cannot manipulate its movements. 8- STOs are very liquid: It is a very promising investment option as it has an impressive liquidity quality and can be traded easily. With benefits like these, STOs are for sure transforming the fundamentals of the financial sphere. Disadvantages of STOs As with every other form of investment, security tokens has its limitations and shortcomings. Some of these limits are: 1- It is considerably more costly than utility tokens: STOs, unlike ICOs, hosts many organizations in their fundraising campaigns. Also, regulatory fees are not cheap which makes it more capital-intensive to host STOs. 2- Investor Qualifications: Countries like the US have certain qualifications an investor has to scale before becoming eligible to engage STOs. According to the SEC to be an “Accredited investor”, you must have an annual income rate of $200k and above or a minimum of $1 million in the bank. 3- Specific trading conditions: STOs can only be traded on certain designated exchanges. Also, these tokens are time-bound meaning that you are allowed to trade these tokens between investors for a set period after the STO. The Howey Test Usually, tokens are said to be securities, by law, when they pass certain thresholds. One such way to identify a security instrument is by applying the “Howey Test”. But first, let’s look at a piece of quick background information on how the Howey test came to be. In 1944, a citrus plantation called the Howey company of Florida leased out a large portion of its land to several investors in a bid to raise funds for much-needed developments. The buyers of the land were not skilled or versed in citrus farming in any way and decided instead to just be “speculators” and let the experts do their jobs. The lease was made on the premise that profits would be generated for the investors by the lessor. Not long after the business transaction the Howey company was sanctioned and accused by the United States SEC of failing to register the sale with the authority. The SEC maintained that the company was dealing with unregistered security. Howey denied the claims however, assuring that what it offered wasn’t a security. After much debate, the case ended up in the Supreme Court, which later ruled in favor of the SEC that Howey’s land leasing were undoubtedly securities. It remarked that investors were purchasing land mainly because they saw an opportunity to make a profit off the deal. Howey was then ordered to register the sale. This was the story of the enactment of the Howey test. Today, per the Howey test, anything is deemed to be a security if it satisfies the following criteria: 1- The investment included money. 2- The investment was made on an enterprise. 3- Profit will be made from the efforts of the providers of the investment. The Howey test has become a stronghold name in the crypto space. In 2017 and 2018 (during the “Heydey boom”), many ICO providers were completely consumed with scaling the Howey test as it was a major determinant used in ascertaining the legality of an ICO by the SEC. Failure to pass the test meant the offering was illegal and was sanctioned by the authorities. Some ICOs even advertised their tokens as investment instruments that had no value, describing their tokens as “utilities” used only for interactions on the platform. The Inception of STOs The very first STO was released by Blockchain Capital on the 10th of April 2017. The release pooled about $10 million in one day. Several STOs have been released following the first event including tZero, Sharespost, Aspen Coin, Quadrant Biosciences, and many more. STOs have since gained widespread acceptance and relevance in today’s market. Understanding the Distinction Between Security Tokens and Tokenized Security Confusing security token for tokenized securities is a common trap that people fall into. The main distinction between the two is that the former is usually a recently issued token that functions on a distributed ledger system while the latter is just a digital manifestation of pre-existing financial instruments. Apart from similarities in appearance and nomenclature, security tokens have absolutely nothing in common with tokenized securities. What Entities are Involved in an STO Issuance? Assuming a business entity plans on issuing security tokens as an embodiment of equity in its establishment, the next necessary step for that business would be to involve certain players and follow certain directives. It has to formally contact an issuance platform to serve as a medium for issuing the tokens. Popular issuance platforms include Polymath and Harbor, which consist of service providers like custodians, broker-dealers, and legal entities to carry out secure processes. Who Can Invest in STOs? STOs are available to the general public for the taking, regardless of location. However, as mentioned previously, the US has certain rules guiding STO investments. In the US, it is mandatory to be an “accredited investor” before you can invest in this instrument. An accredited investor is an individual with an annual cash flow of $200k and above for at least 2 years or a net worth of $1 million and above. More nations are starting to adopt the United States’ classification method and have begun restricting certain classes from investing in STOs. It is advisable to always research on the STO rules and regulations of the jurisdiction you’re planning on investing with. Final Word STOs provide businesses with the prospect of raising funds in an easy and regulated setting. It gives both investors and issuers a good deal of benefits, while also ensuring insurances against fraudulent or malicious practices, unlike ICOs. Issuers are not limited to any industry, they can vary from several sectors including real estate, VC firms, and small and medium enterprises. Moving forward, we will likely witness prominent firms venture into the STOs.   Source: https://learn2.trade 
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