Sunday, 2 August 2020

EURUSD: Candlesticks & Scenario For Next Week

By VasilyTrader


EUR/USD


After 1 month long bullish rally on EURUSD , 

it looks like we finally see a strong reversal signal. 


On a daily, the price went rejected after an attempt to violate a key weekly resistance

and the previous daily bullish candle was eaten by a strong bearish engulfing candle. 


In conjunction with rsi divergence, it looks like the market is ready for a pullback. 

For now, the first goal is 1.1625. it's based on the 382 retracement of the last bullish leg. 

I guess the price will need at least one week to reach that goal. 


please note, that it is not a sell signal. 

I would suggest looking for a safe entry on a lower time frame. 


Trade Wise and Good Luck,

Sunday, 19 July 2020

How to Avoid False Breakouts: Breakout Trading

By VasilyTrader


Technical Analysis on GOLD



What Would You Build on the Moon for 200 BTC?

bitcoin



As I'm preparing myself to WSOT competition by ByBit  with up to 200 BTC

prize pool, I'm thinking of what I could do with 200 BTC if I won this competition?

  
Putting this into perspective for a second. I’m currently in possession of 200 BTC which roughly converts to about 1.8 million US dollars. Assuming I have a dream chaser space shuttle which allows you to transport cargo and people completely at your own disposal to and from the moon, what couldn’t I possibly build up there?

Realistically speaking, building a space station is next to impossible with the limited amount of funding available to us.

What I would propose is this:



·         Take a 3D printer and haul it to the moon. The first step would be to adapt it to use the sand on the moon as material to create structures. Making the best use of the resources that we have at hand.

·         Solve the issue of no power with solar panels, power the 3D printer through it and get to work building livable infrastructures.

·         Solar panels are definitely the best choice for power related issues due to the sun’s rays falling directly on the moon.

·         Radiation is going to be a key issue, getting a radiation shield made for the structure would be the next step! Protecting ourselves from the sun’s radiation is key towards surviving on the moon.

·         Nights on the moon may be harsh, keeping in mind they last for about 2 weeks (Earth relative time). We would need to get batteries to store energy to last us during those cold nights where we would need light and heat.

·         Solving the problem of Oxygen generation would come next.

·         Once we have the structures set up (while wearing oxygen tanks of course), proper insulation would be installed into the structures to maintain no air leakage.

·         Plants and other vegetables could be brought in under controlled conditions to provide sustenance and oxygen needed to survive.

·         Scientists have stated previously that water could only exist in the craters of the moon so that is where we set up our water sources in the meanwhile. These will have to be restocked from time to time.

After all this is done, what would there be left to do? Nothing except opening up the mini fridge, taking out a Coke, sitting on a chair inside the structure that we’ve built and tipping a glass to the sun. We’ve made our own private crib on the moon! Of course, we won’t have Netflix to pull us through but we can worry about Satellite TV once we have more bitcoin in our pocket. 

Tuesday, 7 July 2020

What Is Bitcoin Halving: Full Guide For Beginners ( Infographic )

By Abishai James at WinBTC.net

bitcoin halving


 
Section Guide
* What is Bitcoin Halving?

* Next Bitcoin Halving

* Why is Bitcoin Halving Done?

* How does Bitcoin Halving Work?

* Will Bitcoin Halving Affect the Bitcoin Price?

* How many Bitcoin Halvings Will Take place?

* What happens when 21 Million Bitcoins have been mined?


 Bitcoin halving is often referred as “Halvening”, it’s a formulated reduction in the reward coins offered to the miners using a predefined blockchain algorithm.
   Bitcoin halvings take place once in every four – 4 years approximately, or for every 210,000 block transactions.

    The process of halvening started in the year 2012, approximately after 4 years of invention of bitcoin i.e 2008, but practically bitcoins came into play in the year 2009.
       After the first bitcoin halving, the block reward of 50 bitcoins per transaction were reduced to 25 bitcoins per block or transaction, later this reward was further reduced to 12.5 and it has now fallen to 6.25 after halvening in 2020.

    The main idea of halvening is to create scarcity for the coins and to control inflation, as bitcoins issuance is limited to 21 million coins as per the idea of Satoshi Nakamoto, inventor of Bitcoin.
      The production of 21 million bitcoins involves 32 halvenings, we are now done with two halvenings and this might continue till or come to an end in the year 2140.
      To know the overview of Bitcoin Halving (Just in minutes), checkout the following infographic developed by Abishai James at WinBTC.net.






bitcoin halving

Wednesday, 1 July 2020

XRP Price Can Outperform Bitcoin in the Short Term — Here’s Why

By

 As Bitcoin's price continues to range sideways, the momentum may be shifting to XRP for the next big move.



Bitcoin's (BTC) sideward price action of late has been a hunting ground where whales can easily liquidate misinformed traders on leverage trading platforms. Without decent swings, any asset can become boring.
But let’s not forget BTC isn’t the only cryptocurrency out there, as several altcoins are currently staging somewhat of a comeback. However, there’s one coin that doesn’t seem to be having a good time lately, namely XRP, the fourth-largest digital asset by market capitalization.
So, in today's analysis, I’m going to look at whether holding XRP is likely to be more fruitful than BTC in the short term.



The bigger picture for Bitcoin

 Starting out with the weekly chart, one can see why the bears favor this timeframe. Bitcoin is forming a massive pennant that is far clearer now than it was before the March 12 black swan event. 

btc weekly chart


Typically, pennants break toward the end of the pattern, sometimes a little before. However, they are invalidated after. As things stand for Bitcoin, a breakout or breakdown could occur any time between now and approximately September 2021, 14 months from now.

With the current price around $9,156, a small 6% increase would put Bitcoin on the resistance line, and this is why we have failed to reclaim $10,000. But at this rate, reclaiming just $9,750 would be a welcome breakthrough for the bulls.

On the flip side, there is a massive 47.42% gap from the current price to the support of the pattern. This puts a figure of $4,500 as a potential target, which may be a great opportunity to stack some sats. But is this just wishful thinking from overly aggressive bears that shout “burn this Ponzi to the ground?”