Tag: Trading

XRP Trading at 0.24%, XRP Price Stuck in Flat

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On Friday, September 11th, XRP keeps trying to escape a narrow sideways channel but the attempts are not quite successful. The cryptocurrency is generally trading at $0.2413 USD. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. On D1, XRP is correcting an uptrend.  XRP is trading above 50.0% Fibo, which means the asset might be accumulating force for breaking away the support line. Upon overcoming 50.0%, the quotations will head for 38.2% Fibo and the lower border of the ascending channel. On the MACD2, a Black Cross preserves, confirming further correction, while…

Coinbase Pro to Launch YFI Trading Support Next Week

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Beginning next week, yearn.finance’s token is set to be available for trading on Coinbase Pro. Recently, the platform has added a number of new tokens, including UMA, CGLD, OMG, NMR, MKR, BAND and COMP. According to the Californian crypto exchange Coinbase‘s announcement on Thursday this week, Yearn.Finance (YFI) will be listed on Coinbase Pro on September 14. Although inbound transfers of YFI to Coinbase Pro will be accepted on that Monday, full trading is intended to occur from Tuesday, September 15, beginning at 9 AM Pacific Time (PT). Per CoinMarketCap…

Bitcoin Transaction Data Points to Potential Surge in OTC Trading

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Bitcoin transaction volume is rapidly moving off of exchanges, which is a positive sign that indicates the market is beginning to mature as it becomes driven less by speculative trading and more by long-term investing and real-world utilization. It is important to note that the decline in transactions taking place on exchanges also seems to indicate a surge in the number of over-the-counter trades being conducted by investors, which is a positive sign that points to an influx of large buyers into the market. This could be a positive sign that…

BTC Trading at $10300, Bitcoin Price Is Up but Not Restored after Falling

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On Thursday, September 10th, the BTC rate is slightly growing, trading at $10378 USD after a recent drop. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. BTC is trading higher today: BTC/USD Tech analysis. In Kraken, they expect the Bitcoin rate to fall in September. The BTC hashrate renewed the high again. On W1, Bitcoin  (BTC) keeps trading with an uptrend. The quotations are currently testing 61.8% Fibo, a bounce off which will signal further growth. The aim of this movement will be at 100.0%. The MACD histogram is positive, which is…

‘My heart is crypto’ — Dave Portnoy says he’s back into Bitcoin trading

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Dave Portnoy, the founder of Barstool Sports, is coming back to Bitcoin (BTC) after abruptly abandoning trading digital currencies when his Chainlink (LINK) investment went belly up. In a recent video, Portnoy said his “heart is crypto” and would make a return to the cryptocurrency market soon. The internet personality, who became a popular day trader after the coronavirus pandemic, entered the Bitcoin market on Aug. 14 after meeting with avid billionaire Bitcoin investors Cameron and Tyler Winklevoss. After receiving a quick refresher on what crypto is and how to…

Trading in Downside Market: Why Bitcoin’s Plummet Is An Opportunity For Profit

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Last week’s massive sell-off that took bitcoin from $12,050 to as low as $9,875 had many traders turn cautious. Before the sell-off, the market was singing bullish. The new high of 2020 has lured many on-lookers into the market, only to see their recently purchased bitcoin depreciate.  Spot traders would have lost 17% in less than a week during the massive drop. But for those engaged in futures trading and opened up a short position at $12,000 and closed it at $11,100 using 100x leverage, they would surely benefit handsomely…

What are social trading and copy trading?

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Social trading can be described as those activities that engage or facilitate interactions among traders to strengthen the crypto community. On the other hand, copy trading is an element of social trading that allows users to mimic the trading patterns of other traders, in particular, experienced or professional traders. As industry players and professionals in the cryptocurrency and blockchain space, it’s helpful to understand why these terms are different and how they are similar. Not only will we better understand these concepts but it also makes it easier when explaining…