Indicators for cryptocurrencies, market analysis, trend determination

The cryptocurrency fever, which has caught a huge number of people, has once again proven that the market simply does not tolerate unprofessional and superficial traders.

The enormous excitement about record growth rates, which was spread by the media and on various channels of YouTubers and bloggers, attracted a huge number of ordinary people to the market.

Information was received from all sources that it was necessary to buy cryptocurrency.

The most interesting thing is that people could not even imagine that the crypto currency market could move in a direction other than up.

Indeed, almost everyone was able to make money on the wave of excitement, but no one talks about how many lost huge money after the market suddenly changed its course.

In fact, cryptocurrencies are practically no different from any other trading asset on the movement of which traders speculate.

When to Buy Cryptocurrency, Best Time to Buy Bitcoin and Altcoins

Recently, the cryptocurrency market has been constantly growing, it would seem that it does not matter at all when to buy cryptocurrency, in any case you will win.

Often, investors actively begin to buy cryptocurrency at the peak of growth, after it has already reached another high.

But in fact, a spontaneous purchase at the wrong time may not only not bring profit, but even lead to significant losses.

Therefore, before making a transaction, it is recommended to first conduct a small market analysis and determine the most successful points for opening a transaction.

This is not at all difficult to do, since lately cryptocurrencies have been moving according to a certain pattern; you just need to analyze the movement chart of the selected asset.

Cryptocurrency scalping, strategy and best cryptocurrencies for scalping

The Scalping trading strategy involves making money on short-term transactions, the duration of which does not exceed several minutes.

The main conditions that determine the possibility of using this strategy are high liquidity, the presence of leverage and quick opening/closing of positions.

This is why cryptocurrency scalping is most effective when using a trading platform.

In this software, you can open and close transactions in one click, and do so with a specified volume; in addition, there are opportunities to automate the process.

The second advantage of using a trading platform is that you can use the leverage provided by the broker.

The best platforms for trading cryptocurrency including Bitcoin

Over the past couple of years, cryptocurrencies have been perceived not only as an investment object, but also as a profitable asset for trading.

Many investors who initially simply bought Bitcoin and waited for the price to rise have now switched to speculative operations.

And as you know, the most comfortable way to carry out speculative transactions is in a special program, since ordinary crypto exchanges do not provide such opportunities - transactions in both directions, pending orders, technical analysis, automatic trading.

Therefore, it is advisable to know which trading platforms for trading cryptocurrency will make this process more efficient.

The most volatile cryptocurrencies on which you can make good money in 2021

Most traders who make money on cryptocurrencies have long been convinced that the best option for trading this asset is to use a trading platform .

The trading platform not only expands the technical capabilities of trading, but also provides the opportunity to apply leverage.

True, the leverage provided by brokers for cryptocurrency pairs rarely exceeds 1:5, so for ultra-profitable trading it is best to choose the most volatile cryptocurrencies.

It is due to the high dynamics of price movement that you can earn up to 100% per day even when using a leverage of 1:5.

In 2021, this market segment has become the leader in the speed of trend movement, but for stable earnings it is necessary that the selected asset has not only high volatility, but also good liquidity.

Take profit for cryptocurrencies, the best way to take profit on time

Trading cryptocurrencies through a professional trading platform is not only more profitable, but also more convenient.

In addition to the fact that there are much lower overhead costs and commissions, the platform also allows you to use stop orders - stop loss and take profit.

We talked about how to prevent large losses using stop loss in the article on this page - https://time-forex.com/kriptovaluty/stop-loss-dlya-bitkoina

But in addition to losses, there is also profit, which must be recorded in time by closing the existing transaction.

We are all familiar with the situation when, waking up in the morning, we find that the price of the purchased cryptocurrency rose to its maximum during the night, and by the morning it had fallen again.

What is capitalization and what role does it play when trading cryptocurrencies?

If you want to make consistent money on the stock exchange, then you should understand that stock trading is more than just buying when the rate goes up and selling when the rate goes down.

In order to make a successful transaction, you need to take into account not only the existing trend, but also the factors that confirm it.

One of these factors is the market capitalization of the asset, and it does not matter whether the asset is a company stock or cryptocurrency.

The easiest way to understand the essence of capitalization is through the example of securities, or, more precisely, the company that issued them for circulation.

For example, if there are 1,000 shares of a company in circulation on the stock exchange at a price of $100, then the market value of the company as a whole is 100,000.

The most popular cryptocurrencies 2021 for earning and investing

There is no doubt that cryptocurrencies are now one of the most interesting assets for anyone to earn money from.
It doesn’t matter how long this type of money will last, but you can make money by buying and selling it today and now.

The only thing that remains is to figure out what to focus your attention on, because rushing between different assets can lead to disappointing results, and not all altcoins allow you to work with them effectively.

Let's try to find out which of the most popular and liquid cryptocurrencies are suitable for making money in 2021.

At the moment, there are several favorites, trading which you can earn a lot, but a lot.

Free cryptocurrency signals based on technical analysis

Currently, cryptocurrency trading is, in most cases, a chaotic process.

Trading participants en masse begin to buy digital money, for which an upward trend appears, and rush to sell what they bought as soon as signs of a fall in the exchange rate appear.

But cryptocurrencies, like other classical currencies, lend themselves well to technical analysis, and this can significantly increase the efficiency of transactions.

And make the trading process more orderly and, as a result, profitable.

As with other exchange assets, the most important point here is the time of opening transactions and the moment of their completion at the most favorable price.

What is the Tether cryptocurrency and is it possible to make money on it?

We are already accustomed to the fact that most people perceive cryptocurrencies only as a source of investment or as an asset for making quick money.

But this is only one of the opportunities that digital money provides; in fact, this type of currency was created for other purposes.

The main goal of Bitcoin was to be complete anonymity, which would keep the owner of the tokens incognito.

That is, it was assumed that this type of payment would be used to pay for goods and services if the counterparty wants to hide his identity.

This approach allows you to hide income and not pay taxes, because in many countries tax authorities control not only income, but also expenses.

Crypto trading or why trading cryptocurrencies is easier than trading regular currencies

For a long time I was not a supporter of crypto trading, but after recent events my opinion has changed dramatically.

An experiment with the purchase of several cryptocurrencies brought unexpectedly large profits, and it was possible to make money both on an increase in price and on a downward trend.

With all this, I was surprised by the simplicity with which crypto trading takes place, namely how much easier it is to trade cryptocurrencies than the monetary units we are familiar with.

In just a few weeks, I managed to earn more than on classical assets in several months; now digital currencies have been permanently included in my arsenal of preferences.

So, how does crypto trading differ from the tools we are used to?

First of all, it is a stable trend; if cryptocurrencies begin to rise or fall in price, then with a high probability this movement will last quite a long time.

Cardano cryptocurrency current status and investment prospects

This cryptocurrency attracted the attention of investors not so long ago and this happened due to a record increase in value.

In just a couple of weeks, Cardano rose in price several times, from 35 cents to 97 cents per altcoin, or almost 300%. It

should be noted that before this jump, the asset had been growing steadily for several months; on January 1, 2021, its price was only 18 cents.

After such a significant and rapid increase, many people have a question - What kind of cryptocurrency is this, and most importantly, what are the prospects for its growth.

The Cardano platform appeared back in 2014, but the cryptocurrency itself came into circulation at the end of 2017 and is essentially a fairly new monetary unit.

Simple and effective Bitcoin strategy

For many people, stock trading seems like something very complicated and accessible only to graduates of Harvard or another prestigious university.

This is not surprising, because most strategies intended for trading are striking in their complexity and intricacy.

But in fact, there are simple trading options that allow even a beginner to get a guaranteed profit.

Moreover, these strategies work great not only on the Forex or stock market, but also for digital currencies.

It can be used both for trading Bitcoin and for other types of digital money; at one time I managed to make good money with Ripple and Litecoin with its help.

How to buy cryptocurrency in real life, the best payment options, including cash

At the moment, there are several categories of cryptocurrency users, each of which has its own goals.

Some people trade digital money on Forex, taking advantage of high volatility and rapid exchange rate changes, others use Bitcoin and other cryptocurrencies for savings, settlements, or tax optimization.

And if with speculative trading everything is relatively simple, then with real-life transactions you should take into account a lot of nuances, starting from the place where to make the exchange, ending with the choice of payment option.

Today I will talk about a company that has been providing services in the crypto-currency market for a wide range of users for more than three years.

The main activity is the purchase/sale and exchange of cryptocurrencies, as well as the provision of some other types of services.

List of cryptocurrencies that can be traded on Forex

We have written more than once that you can trade cryptocurrencies not only on specialized platforms, but also on Forex.

Moreover, it is much easier to organize cryptocurrency trading on a currency exchange. Unlike other currency pairs, digital currency trading is available 24 hours a day and 7 days a week, meaning you can buy or sell digital money at almost any time.

There are many advantages why this asset is best to trade on Forex and only one drawback.

This disadvantage is that not all digital currencies are available in the trader’s trading terminal.

But gradually the situation is changing for the better and the list of available assets is becoming larger and more impressive.

How to trade cryptocurrencies on the exchange

The main and only asset used for trading on Forex is currencies, so it would be strange if brokers did not provide their clients with the opportunity to trade liquid cryptocurrencies.

The enormous popularity of the latter is an excellent opportunity to make money on the difference in selling and buying rates.

Moreover, many investors have already become disillusioned with specialized intermediary exchanges that provide similar services.

The advantages of stock trading through brokers are obvious, but listing them would take more than one page.

Here are the main ones - a professional trading platform, leverage, free analytics, signals for opening transactions, risk insurance, automatic trading, etc.

Usually, novice traders have a lot of questions:

  •     Who provides the opportunity to trade cryptocurrencies on Forex?
  •     What is the trading platform?
  •     Where to learn trading and how much does it cost?

Trading Dash on Forex

There are several digital currencies that can be traded not only on specialized exchanges, but also on Forex.

One of them is Dash, which is not just a digital currency, but an entire payment system built on the latest technologies.

There are more than 2,000 companies around the world that accept Dash as a means of payment for goods or services.

This asset has high capitalization and good liquidity, which allows it to be one of the thirty most popular assets in this market segment.

You can trade it both on special exchange platforms and with Forex brokers through trading platforms for trading.

Is there a future for digital money?

The first virtual currency called Bitcoin appeared in 2009, then no one thought that this type of electronic money would gain such popularity.

This monetary unit made it possible to maintain complete anonymity of the owner and, at the same time, eliminated some of the disadvantages inherent in other electronic money.

After the popularity of Bitcoin began to rise and its value began to be created in parallel, hundreds of other digital currencies began to be created.

Cryptocurrency trading has begun to gain popularity among more and more people.

Until 2018, it seemed to many that this type of payment was the future; the cost of one bitcoin reached $19,000, and then collapsed.

Thus, dashing the hopes of investors who believed the forecasts that the first digital currency could reach the $100,000 mark.

Arbitration on cryptocurrencies and whether it is worth using it

Arbitrage trading of any financial instruments is the most attractive way to make money on decentralized markets.

This tactic is especially popular among traders who trade popular cryptocurrencies on Forex.

Although quotes for liquid currency pairs are provided by the Chicago Futures Exchange, they may vary significantly

brokers The permissible error range varies within 10 points.
 
Experienced traders can use this effectively in short-term trading. Cryptocurrency trading is developing extremely rapidly, but the cost of digital financial instruments is still not regulated by government or other competent structures.

Using pending orders when trading cryptocurrency

It has already happened that trading using a strategy on pending orders is one of my favorite options.

A pending order is an order to buy or sell on a trader's trading platform, which will be executed as soon as the price reaches the level you specify.

There are a lot of advantages to this strategy, and one of the main ones is that you don’t have to constantly sit in front of a computer monitor waiting for the right moment.

That is, thanks to this opportunity, you do not need to wait for the currency to start getting cheaper (more expensive), you just need to indicate the price at which you want to sell or at which you want to buy the selected asset.

Trading cryptocurrencies using pending orders becomes more efficient.

Stop loss for Bitcoin

Cryptocurrency trading gradually migrated from specialized exchanges to trader terminals; such a transition has significantly increased the comfort of trading.

Since there are significantly more options for managing transactions, now a trader can not just buy bitcoins and wait for them to rise in price.

And also apply various automatic methods of managing transactions and insuring risks.

Including using such a useful tool as stop loss, the need to install which in exchange trading has long been disputed by no one.

Stop loss when trading bitcoins allows you to protect the investor’s deposit and prevent losses greater than planned.

How to mine cryptocurrency

The attractiveness of the cryptocurrency market has become so high not because of the anonymity that is talked about from all resources and not because of the high rate of growth in value, which has broken all conceivable and inconceivable records.

The fact is that cryptocurrency, as the know-how of the century, has made a kind of break in the pattern; this electronic money can be mined using your computer.

It is the ability to mine cryptocurrency that makes it special, because you will agree that it is very difficult to refuse a source of additional income, especially if there is no need to make excessive efforts to obtain it.

However, the popularity of cryptocurrencies has made adjustments to the mining process, because instructions that were relevant in 2012 do not work at all in 2018!

That is why in this article we will try to break down simple ways to mine cryptocurrency in modern conditions.

Difficulty of mining or why now is not the time

Capital always tends to move towards financial opportunities. One of these amazing earning opportunities is cryptocurrency mining.

Cryptocurrency pairs and trading them

The main instrument used in Forex trading is currency pairs, this is the name of the asset for which orders are opened in the trader’s terminal.

After the emergence of cryptocurrencies, a new asset appeared - these are cryptocurrency pairs, in which the base component is the cryptocurrency, and the quoting currency is the currency in which the settlement is made.

At the moment, the US dollar is used as the quoted currency in most cases and only with rare exceptions the euro.

That is, the Bitcoin quote for the US dollar will look like BTCUSD - 5257 US dollars

Trading cryptocurrency using pairs is quite similar to trading regular currency pairs, but it still has its own characteristics.

Important points when trading cryptocurrencies

Recently, cryptocurrency trading has significantly changed its nature and has moved from specialized exchanges to the Forex market.

If previously everything came down to buying and holding Bitcoin until the maximum price value, now currency exchanges have equated crypto to ordinary monetary units.

Trading liquid cryptocurrencies on an exchange has many advantages, but is fundamentally different from the initial transactions with digital money.

And so, let's move on to the most important points of cryptocurrency trading:

1. Speculative trading - first of all, it should be noted that if you bought crypto in a trader's trading terminal, this money cannot be withdrawn to your wallet.

On the one hand, this is a minus, but on the other hand, it is a huge plus since you can make a transaction in a fraction of seconds.

Advantages and disadvantages of cryptocurrencies

The huge excitement about Bitcoin and other digital money is gradually beginning to subside; most investors lost a lot of money due to its fall.

Now it no longer seems to anyone that the value of these assets can only grow and bring profit to the people who own it.

But despite this, this asset remains an attractive object for speculation, since trading liquid cryptocurrencies still allows you to make good money.

It is cryptocurrency trading on a currency exchange, and not on a specialized platform, that can now bring good profits.

Before you start stock trading in one of the cryptocurrencies, you should know what advantages and disadvantages the chosen instrument has.

Why is Bitcoin falling?

Everyone perfectly remembered the dizzying rise of Bitcoin; literally within a year the rate soared to 19 thousand dollars per unit.

But this situation did not last long; within a week the asset fell in price by several thousand and then continued its decline.

Why is Bitcoin falling, what happened to this electronic currency?

  1. What is cryptocurrency?
  2. Reasons for the unprecedented growth.
  3. Reasons for the fall.
  4. What will happen next.

After the rush of demand for trading popular cryptocurrencies appeared, none of the buyers really thought about what they were buying.

But in fact, Bitcoin is nothing more than a digital record in the memory of a computer that cannot cost tens of thousands of dollars.

Ripple trading strategy.

The cryptocurrency market is gradually moving from spontaneously organized exchanges towards interbank platforms, otherwise known as forex.

This means not only an increase in trading volumes, but also the use of the latest achievements in the field of trading, as well as the presence of leverage.

The Ripple cryptocurrency itself is very popular, and this gives hope that the spread on the XRPUSD currency pair will not be high.

Until recently, the main strategy of investors in this type of asset was to buy and wait for growth with subsequent sale; now the situation and opportunities have changed a little.

We trade Ripple in the trader's terminal.

The most promising cryptocurrencies in 2019. Market stabilization.

Most investors, when choosing investments in cryptocurrencies, for some reason only consider Bitcoin.

Yes, the liquidity of Bitcoin is not comparable to other similar assets, but this is perhaps its only advantage.

At the moment, there are more than a dozen worthy analogues that also have high volatility, and most importantly, there is an opportunity to buy or sell them quite quickly.

Moreover, these digital currencies have one main advantage over Bitcoin - they are much cheaper, which means they have huge growth prospects.

Trading cryptocurrencies in 2019 can be successful for the following assets:

What will happen to Bitcoin in 2019.

Bitcoin’s victorious ascent ended a year ago; at the end of 2017, the cryptocurrency reached its peak of $19,000 and fell to the bottom.

The resumption of growth was not helped by bold forecasts that the real price of Bitcoin was $100 thousand; within a year, Bitcoin fell to $3,000.

Currently, the price has stabilized at around $4,000 per unit of cryptocurrency and has remained virtually unchanged for two months.

The situation is quite ambiguous for those who are used to making money on the growth of this asset; a flat always ends in growth or decline.

Therefore, most investors are concerned about the question of what will happen next with Bitcoin in 2019, is it worth investing in this currency or is it better to choose another object for investment?

The collapse of the digital money market 2018-2019!

The value of Bitcoin has fallen significantly over the past six months; the Bitcoin rate in December 2017 exceeded the psychological mark of $20,000; today the price of the coin has dropped below $7,000.

Following Bitcoin, other promising tokens continue to fall rapidly.

For example, Ripple (XRP), according to analysts’ forecasts, should have cost about $10 by September 2018, but today its market value barely exceeds $0.3.
 
There are several reasonable explanations for these events:

1. The governments of the largest countries in the world plan to completely take control of this segment of the foreign exchange market in 2019, this will allow them to levy taxes on user income.

For example, in Russia, tax revenues account for more than 65% of the state budget. Can you imagine what would happen if this cash flow dried up?

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