CryptoCurrents
421,702 προβολές
114 Δημοσιεύσεις
Δημοφιλές
Πιο πρόσφατα
"No Damages, No Demand: Expert Opinion on SEC's Claim Against Ripple"
Yassin Mobarak, a renowned cryptocurrency expert, speculates that the SEC cannot request $770 million worth of penalty from Ripple if no financial harm was inflicted on investors.
Read more on: https://thecryptobasic.com/2023/11/04/expert-says-sec-cant-demand-770m-from-ripple-if-xrp-investors-didnt-incur-damages/
#Ripple-XRP #SECLawsuit #Crypto #CryptoCurrents #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/11/04/expert-says-sec-cant-demand-770m-from-ripple-if-xrp-investors-didnt-incur-damages/
#Ripple-XRP #SECLawsuit #Crypto #CryptoCurrents #CryptoNews🔒📰🚫
Bitcoin (BTC) Maintains Strong Momentum, Approaching Multi-Month Highs – 7 November 2023
Bitcoin (BTC/USD) continues to show positive momentum as it nears a fresh multi-month high around the 35997.80 level, marking its strongest performance since May 2022. Bids around the 34500 level have propelled BTC/USD towards the 35410 area, testing a 23.6% retracement level. Later, buying pressure surfaced near 34753.66, further pushing BTC/USD higher to test the 23.6% retracement of the broader appreciating range.
The recent high of 35997.80 tested an upside price objective linked to previous buying pressure at 28122 and 32525 levels. This high also tested the 50% retracement of a historical depreciating range and the 61.8% retracement of a separate depreciating range. Traders have activated Stops above the 34190.77 level, a significant downside price objective related to historical selling pressure.
Further upside price targets include various levels up to 44269. On the downside, areas of support can be found at 33761, 33378, 32377, and others. Technical indicators indicate a bullish trend, with moving averages (MA) signaling positive trends both on the 4-hourly and hourly charts.
Price action is currently closest to the 50-bar MA, while support is expected at lower levels. Technical resistance is anticipated at higher levels, with possible stops above them. On the 4-hourly and hourly charts, indicators show a mix of bullish and bearish signals.
$BTC $BNB $USDC
#BTC #USD #BTC/USDT #CryptoCurrents #InvestorAlert
Bitcoin (BTC/USD) continues to show positive momentum as it nears a fresh multi-month high around the 35997.80 level, marking its strongest performance since May 2022. Bids around the 34500 level have propelled BTC/USD towards the 35410 area, testing a 23.6% retracement level. Later, buying pressure surfaced near 34753.66, further pushing BTC/USD higher to test the 23.6% retracement of the broader appreciating range.
The recent high of 35997.80 tested an upside price objective linked to previous buying pressure at 28122 and 32525 levels. This high also tested the 50% retracement of a historical depreciating range and the 61.8% retracement of a separate depreciating range. Traders have activated Stops above the 34190.77 level, a significant downside price objective related to historical selling pressure.
Further upside price targets include various levels up to 44269. On the downside, areas of support can be found at 33761, 33378, 32377, and others. Technical indicators indicate a bullish trend, with moving averages (MA) signaling positive trends both on the 4-hourly and hourly charts.
Price action is currently closest to the 50-bar MA, while support is expected at lower levels. Technical resistance is anticipated at higher levels, with possible stops above them. On the 4-hourly and hourly charts, indicators show a mix of bullish and bearish signals.
$BTC $BNB $USDC
#BTC #USD #BTC/USDT #CryptoCurrents #InvestorAlert
Analyst Daan Crypto Trades believes that Chainlink (LINK) is currently following the Wyckoff pattern and going through an accumulation phase, which has been surprisingly long in duration.
Despite starting the week at $11.29, LINK initially saw a dip to its weekly low of $10.66, before the bulls gained momentum and pushed the price upwards.
Today, LINK reached its highest value of $14.9, representing a 29% increase in just seven days.
From May 2022 until late October 2023, LINK was in an accumulation phase, with its value fluctuating between $5.7 and $9.7.
However, the recent surge in price has been supported by volume, as indicated by the rising Accumulation/Distribution Line (ADL) with a value of $907 million.
Despite this, LINK has touched its upper Bollinger band, leading to predictions of a potential retracement towards the $11.4 support level.
Overall, the current trajectory suggests that LINK has the potential to reach $18 in the near future, but may experience dips along the way.
Despite starting the week at $11.29, LINK initially saw a dip to its weekly low of $10.66, before the bulls gained momentum and pushed the price upwards.
Today, LINK reached its highest value of $14.9, representing a 29% increase in just seven days.
From May 2022 until late October 2023, LINK was in an accumulation phase, with its value fluctuating between $5.7 and $9.7.
However, the recent surge in price has been supported by volume, as indicated by the rising Accumulation/Distribution Line (ADL) with a value of $907 million.
Despite this, LINK has touched its upper Bollinger band, leading to predictions of a potential retracement towards the $11.4 support level.
Overall, the current trajectory suggests that LINK has the potential to reach $18 in the near future, but may experience dips along the way.
The Crypto Bull Run
The crypto market is on an upward trend today, with major cryptocurrencies such as Bitcoin, Ethereum, Cardano, and Solana seeing gains.
This rally can be attributed to a few key factors, including growing interest from institutional investors.
On November 9, it was confirmed that BlackRock, a major asset management firm, is planning to launch a spot Ethereum exchange-traded fund (ETF).
This news has sparked a positive sentiment among investors and could lead to a significant influx of capital into the crypto market.
In addition to BlackRock, at least five other firms are also vying for approval to launch their own Ether ETFs.
This growing institutional interest in Ether is a strong indication of the increasing mainstream acceptance of cryptocurrencies.
Along with institutional investors, retail sentiment has also improved, as seen in the Bitcoin Fear & Greed Index.
The increased interest in the market is also reflected in the rise in trading volume, which reached its highest level since March.
Additionally, the total value locked (TVL) in the crypto market has also spiked to its highest level since June.
This surge in TVL suggests that investors are confident in the market and are willing to lock their funds in various crypto projects.
While the market is still susceptible to risk events and volatility, the recent increase in institutional interest and trading volume may indicate an end to the bear market.
Overall, the positive sentiment in the market is fueling the current rally, and it remains to be seen how the market will react to any potential future events.
The direction of the market will also depend on how it responds to any new enforcement actions or economic downturns.
Despite the potential for volatility, the growing interest from institutions is a positive sign for the long-term growth and adoption of cryptocurrencies.
Overall, the crypto market is experiencing a positive upward trend, driven by institutional investment and increased trading activity, which could potentially mark the end of the bear market.
#BullCycle #BullRunPredictions #CryptoCurrents #BTC🔥🔥
This rally can be attributed to a few key factors, including growing interest from institutional investors.
On November 9, it was confirmed that BlackRock, a major asset management firm, is planning to launch a spot Ethereum exchange-traded fund (ETF).
This news has sparked a positive sentiment among investors and could lead to a significant influx of capital into the crypto market.
In addition to BlackRock, at least five other firms are also vying for approval to launch their own Ether ETFs.
This growing institutional interest in Ether is a strong indication of the increasing mainstream acceptance of cryptocurrencies.
Along with institutional investors, retail sentiment has also improved, as seen in the Bitcoin Fear & Greed Index.
The increased interest in the market is also reflected in the rise in trading volume, which reached its highest level since March.
Additionally, the total value locked (TVL) in the crypto market has also spiked to its highest level since June.
This surge in TVL suggests that investors are confident in the market and are willing to lock their funds in various crypto projects.
While the market is still susceptible to risk events and volatility, the recent increase in institutional interest and trading volume may indicate an end to the bear market.
Overall, the positive sentiment in the market is fueling the current rally, and it remains to be seen how the market will react to any potential future events.
The direction of the market will also depend on how it responds to any new enforcement actions or economic downturns.
Despite the potential for volatility, the growing interest from institutions is a positive sign for the long-term growth and adoption of cryptocurrencies.
Overall, the crypto market is experiencing a positive upward trend, driven by institutional investment and increased trading activity, which could potentially mark the end of the bear market.
#BullCycle #BullRunPredictions #CryptoCurrents #BTC🔥🔥
$XRP
🚀 #XRPTrends 📈: Eyeing a bullish cup & handle amidst market twists! Key points:
📌 Cup & Handle: XRP chart signals upward potential, but tech patterns aren't guarantees.
🌪️ Volatility: Sudden drops & liquidations emphasize crypto's unpredictability. Know why for smart moves.
🚨 Catalysts: Watch sentiment, regulations, & macro factors for XRP price shifts.
💡 Key Levels: Traders, monitor specific levels for support or resistance in navigating sentiment!
🔄 Market Dynamics: Recent turbulence underscores the need for vigilance. Adapt & manage risk wisely.
🔐 Risk Strategies: Mitigate uncertainty with stop-loss orders, diversification, and staying informed.
Stay sharp, stay agile! 📊 #XRPPriceTargets #CryptoCurrents #etf #XRPPriceAnalysis
🚀 #XRPTrends 📈: Eyeing a bullish cup & handle amidst market twists! Key points:
📌 Cup & Handle: XRP chart signals upward potential, but tech patterns aren't guarantees.
🌪️ Volatility: Sudden drops & liquidations emphasize crypto's unpredictability. Know why for smart moves.
🚨 Catalysts: Watch sentiment, regulations, & macro factors for XRP price shifts.
💡 Key Levels: Traders, monitor specific levels for support or resistance in navigating sentiment!
🔄 Market Dynamics: Recent turbulence underscores the need for vigilance. Adapt & manage risk wisely.
🔐 Risk Strategies: Mitigate uncertainty with stop-loss orders, diversification, and staying informed.
Stay sharp, stay agile! 📊 #XRPPriceTargets #CryptoCurrents #etf #XRPPriceAnalysis
"Ripple IPO Won't Spell Doom for XRP, Says Crypto Expert"
A renowned crypto expert has dispelled the view that Ripple’s IPO would negatively impact XRP.
Read more on: https://thecryptobasic.com/2023/11/04/top-crypto-expert-says-ripple-ipo-will-not-kill-xrp/
#RippleXRP #Crypto #CryptoCurrents #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/11/04/top-crypto-expert-says-ripple-ipo-will-not-kill-xrp/
#RippleXRP #Crypto #CryptoCurrents #CryptoNews🔒📰🚫
A Comprehensive guide on how to participate in @meuna_io Testnet for a possible airdrop allocations.
Confirmed #Airdrop🪂
Cost: $0
potential: $1k-$5k
let's dive into it, time? 15mins ✅
Meuna is a decentralized protocol built on BNB chain where users can get exposure to a myriad of real-word assets through synthetics products.
Meuna has confirmed to launch its own token called “$MEU” and has confirmed to do an airdrop. Early users who do testnet tasks will become eligible for an airdrop when their token goes live.
so here us the steps on how to navigate and engage/interact on their tesnet page
STEP-BY-STEP GUIDE:
♂️Visit the Meuna testnet page: https://airdrops.io/visit/6pk2/
♂️Connect your wallet.
♂️Change the network to Binance smart chain, opBNB or Goerli testnet.
♂️Get testnet tokens from the faucet: https://testnet.bnbchain.org/faucet-smart
♂️Go back to the Meuna testnet page and claim testnet HAY tokens.
♂️Now click on “Trade” and make trades.
♂️Go to “Pool” and provide liquidity.
♂️Also, go to “Farm” and stake some tokens.
♂️Go to the “Mint” section and open a collateral.
♂️They’ve confirmed to airdrop $MEU tokens to early testnet users. Early users who do testnet tasks as mentioned above will get free $MEU when the token goes live.
you can equally follow them on X @meuna_io
#BullRun #BNB🔥 #CryptoCurrents
Confirmed #Airdrop🪂
Cost: $0
potential: $1k-$5k
let's dive into it, time? 15mins ✅
Meuna is a decentralized protocol built on BNB chain where users can get exposure to a myriad of real-word assets through synthetics products.
Meuna has confirmed to launch its own token called “$MEU” and has confirmed to do an airdrop. Early users who do testnet tasks will become eligible for an airdrop when their token goes live.
so here us the steps on how to navigate and engage/interact on their tesnet page
STEP-BY-STEP GUIDE:
♂️Visit the Meuna testnet page: https://airdrops.io/visit/6pk2/
♂️Connect your wallet.
♂️Change the network to Binance smart chain, opBNB or Goerli testnet.
♂️Get testnet tokens from the faucet: https://testnet.bnbchain.org/faucet-smart
♂️Go back to the Meuna testnet page and claim testnet HAY tokens.
♂️Now click on “Trade” and make trades.
♂️Go to “Pool” and provide liquidity.
♂️Also, go to “Farm” and stake some tokens.
♂️Go to the “Mint” section and open a collateral.
♂️They’ve confirmed to airdrop $MEU tokens to early testnet users. Early users who do testnet tasks as mentioned above will get free $MEU when the token goes live.
you can equally follow them on X @meuna_io
#BullRun #BNB🔥 #CryptoCurrents
Binance Blockchain week in Istanbul 🥳🥳🥳🔥🔥🔥
Day 1 was Ended🤩
Binance live stream is very Good in Day 1.
#BinanceBlockchainWeek #Binance #BinanceLive #CryptoCurrents
Day 1 was Ended🤩
Binance live stream is very Good in Day 1.
#BinanceBlockchainWeek #Binance #BinanceLive #CryptoCurrents
🚀 Bitcoin's Fundamentals Have Never Looked Better: Bernstein
💸Bitcoin (BTC) will become a global macro-political asset with a market capitalization of over $3 trillion, quadrupling by mid-2025, according to brokerage firm Bernstein in a research report released on Monday.
Bernstein states that the fundamentals of the cryptocurrency have never looked better, noting that 70% of the existing supply didn't trade last year.
👨💻"This is a record in Bitcoin's history—such outflows are extraordinary for a financial asset, especially one known for its exponential moves driven by supply reduction," write analysts led by Gautam Chugani.
👥A more favorable accounting regime based on the new Financial Accounting Standards Board (FASB) guidance allowing companies to mark Bitcoin inventory at market prices "will favorably impact corporate preference to hold Bitcoin as treasury assets, thus creating new sources of demand from corporations," the report states.
📊Another tailwind is the approval of a U.S.-registered Bitcoin exchange-traded fund (ETF), which will make it easier for companies and retail traders to access cryptocurrency. "A U.S. Bitcoin ETF is on track for approval in early 2024 as the Securities and Exchange Commission (SEC) continues to consider applications from leading asset managers," the authors write.
#crypto #CryptoCurrents #ETF #bitcoinupdates
💸Bitcoin (BTC) will become a global macro-political asset with a market capitalization of over $3 trillion, quadrupling by mid-2025, according to brokerage firm Bernstein in a research report released on Monday.
Bernstein states that the fundamentals of the cryptocurrency have never looked better, noting that 70% of the existing supply didn't trade last year.
👨💻"This is a record in Bitcoin's history—such outflows are extraordinary for a financial asset, especially one known for its exponential moves driven by supply reduction," write analysts led by Gautam Chugani.
👥A more favorable accounting regime based on the new Financial Accounting Standards Board (FASB) guidance allowing companies to mark Bitcoin inventory at market prices "will favorably impact corporate preference to hold Bitcoin as treasury assets, thus creating new sources of demand from corporations," the report states.
📊Another tailwind is the approval of a U.S.-registered Bitcoin exchange-traded fund (ETF), which will make it easier for companies and retail traders to access cryptocurrency. "A U.S. Bitcoin ETF is on track for approval in early 2024 as the Securities and Exchange Commission (SEC) continues to consider applications from leading asset managers," the authors write.
#crypto #CryptoCurrents #ETF #bitcoinupdates
Crypto Arbitrage Trading: What Is It and How Does It Work?
Crypto arbitrage trading is a popular trading approach among experienced traders looking to exploit crypto price discrepancies across different markets.By Laura ShinArbitrage trading is a strategy used in financial markets where traders profit from small price discrepancies in an asset across different exchanges. The same strategy can also be applied to the crypto markets. This guide will help you understand what crypto arbitrage trading is, how it works, and the risks it entails.What Is Crypto Arbitrage Trading?Crypto arbitrage trading is a way to profit from price differences in a cryptocurrency trading pair across different markets or platforms.Arbitrage traders aim to profit from the price differences by buying the cryptocurrency at a lower price in one market and simultaneously selling it at a higher price in another market.Though this trading strategy started with traditional assets, it has become commonplace in the global crypto markets because cryptocurrencies are traded across several exchanges and countries worldwide. This makes cryptocurrencies potentially lucrative for arbitrage and allows traders to benefit from price discrepancies across these exchanges.Imagine that BTC/USD is trading at $30,000/30,100 on Coinbase and at $30,200/$30,300 on Crypto.com. An arbitrage trader could quickly buy 1 BTC on the Coinbase exchange for $30,100 and simultaneously sell it on Crypto.com for $31,200, making a profit of $100.How Does Crypto Arbitrage Trading Work?Crypto arbitrage trading involves making money from price differences of cryptocurrencies between different exchanges. Traders or, more commonly, algorithmic crypto trading bots monitor the prices of cryptocurrencies across various platforms and regions, seeking instances where the same cryptocurrency is priced differently on other exchanges.When such a price gap is identified, traders move swiftly to gain on the opportunity.Arbitrage trading is possible because of how exchanges determine cryptocurrency pairs’ prices. The common way prices are discovered on most exchanges is through an order book, which lists buy and sell orders for a specific crypto asset. Depending on the exchange, buyers and sellers might bid different prices, resulting in mismatched prevailing prices across exchanges.An arbitrage opportunity arises when a significant price difference is detected for a specific cryptocurrency. You can then calculate the potential profit by considering trading fees and other associated costs. The last step in the process is to buy the cryptocurrency on the exchange where the price is lower and simultaneously sell on the exchange where the price is higher. In most cases, trading bots take care of this trading approach as they can determine arbitrate opportunities faster and execute trades quicker.Types of Crypto Arbitrage StrategiesThere are different types of strategies used in crypto arbitrage trading. Let’s take a look at some of the most common.Triangular arbitrage: This strategy involves exploiting price discrepancies among three different cryptocurrencies traded in a triangular formation. For example, if there’s an arbitrage opportunity between BTC, ETH, and LTC, a trader could execute a series of trades to profit from the imbalances in their exchange rates.Cross-exchange arbitrage: This method involves simultaneously buying and selling the same cryptocurrency on different exchanges. This can include moving assets between exchanges to take advantage of price differences.Time arbitrage: It involves monitoring the same cryptocurrency on a single exchange to take advantage of price fluctuations within short timeframes. This strategy requires quick execution to capitalize on price movements in minutes.Inter-exchange arbitrage: With this strategy, traders exploit price differences between trading pairs on the same exchange. Traders can identify correlated pairs and execute trades to capitalize on the mispricings.Is Arbitrage Trading Risky?Like any trading strategy, arbitrage trading also has risks. It’s possible to lose money due to slippage, trading fees, and unforeseen shocks in crypto price movements. Some of the risks to consider include:Price Slippage: This is one of the most important considerations in arbitrage trading, particularly in fast-moving markets with high volatility. Slippage can lead to differences in the actual execution price and the expected price due to the rapid price changes between the time a trade is initiated and the time it is executed. If the price moves significantly between the moment a trader identifies an arbitrage opportunity and the moment the trade is executed, the expected profit might be smaller or result in a loss.Transaction Fees: The accumulation of trading fees, withdrawal fees, and other overhead costs can impact the profitability of an arbitrage trade.Execution Speed: Successful arbitrage trading relies on the quick execution of trades to capture price discrepancies. Delays in execution, whether due to technical glitches, slow internet connections, or exchange-related issues, can result in missed opportunities or losses.Knowledge Gap: Like every trading strategy, successful arbitrage trading requires a deep understanding of the market and trading platforms. Without much experience, you might struggle to identify genuine opportunities or navigate the complexities of the process.Arbitrage trading could be profitable with the proper understanding of how this strategy works and the right tool to execute it efficiently. But as always, do your own research and only deploy as much capital as you can afford to lose.#arbitragetrading #CryptoCurrents
😀😀😀 Athena Bitcoin to Integrate Lightning Network into 100 Crypto ATMs in #ElSalvador 😀😀😀
Athena Bitcoin, a leading cryptocurrency ATM provider, has announced plans to integrate the Lightning Network into its network of 100 ATMs in El Salvador. This integration will allow users to make instant and low-cost bitcoin payments at any Athena ATM, further expanding the reach and utility of the Lightning Network in the country.
The Lightning Network is a second-layer payment protocol that enables near-instant and low-cost bitcoin transactions. It works by creating off-chain channels between parties, which allows them to settle payments without having to broadcast them to the entire bitcoin blockchain. This makes the Lightning Network a much more efficient way to make bitcoin payments, especially for small amounts.
The integration of the Lightning Network into Athena ATMs will make it easier and more affordable for people in El Salvador to use bitcoin for everyday transactions. This is particularly important in a country where over 70% of the population is unbanked or underbanked. By providing access to the Lightning Network, Athena Bitcoin is helping to promote financial inclusion in El Salvador and advance the adoption of bitcoin as a mainstream currency.
Here are some of the benefits of integrating the Lightning Network into Athena ATMs:
- Instant transactions: Payments will be settled instantly, without the need to wait for blockchain confirmations.
- Low fees: Transactions will be much cheaper than on-chain bitcoin transactions.
- Increased privacy: Transactions will be more private than on-chain bitcoin transactions.
- Greater scalability: The Lightning Network can handle a much higher volume of transactions than the bitcoin blockchain.
Athena ATMs' Lightning Network integration boosts bitcoin adoption in El Salvador, facilitating daily transactions, promoting financial inclusion, and propelling bitcoin towards mainstream currency status.
#CryptoCurrents #BinanceSquareTalks #BinanceSquareCommunity #AthenaBitcoinLN
Athena Bitcoin, a leading cryptocurrency ATM provider, has announced plans to integrate the Lightning Network into its network of 100 ATMs in El Salvador. This integration will allow users to make instant and low-cost bitcoin payments at any Athena ATM, further expanding the reach and utility of the Lightning Network in the country.
The Lightning Network is a second-layer payment protocol that enables near-instant and low-cost bitcoin transactions. It works by creating off-chain channels between parties, which allows them to settle payments without having to broadcast them to the entire bitcoin blockchain. This makes the Lightning Network a much more efficient way to make bitcoin payments, especially for small amounts.
The integration of the Lightning Network into Athena ATMs will make it easier and more affordable for people in El Salvador to use bitcoin for everyday transactions. This is particularly important in a country where over 70% of the population is unbanked or underbanked. By providing access to the Lightning Network, Athena Bitcoin is helping to promote financial inclusion in El Salvador and advance the adoption of bitcoin as a mainstream currency.
Here are some of the benefits of integrating the Lightning Network into Athena ATMs:
- Instant transactions: Payments will be settled instantly, without the need to wait for blockchain confirmations.
- Low fees: Transactions will be much cheaper than on-chain bitcoin transactions.
- Increased privacy: Transactions will be more private than on-chain bitcoin transactions.
- Greater scalability: The Lightning Network can handle a much higher volume of transactions than the bitcoin blockchain.
Athena ATMs' Lightning Network integration boosts bitcoin adoption in El Salvador, facilitating daily transactions, promoting financial inclusion, and propelling bitcoin towards mainstream currency status.
#CryptoCurrents #BinanceSquareTalks #BinanceSquareCommunity #AthenaBitcoinLN
Why are cryptocurrency trading systems recommended to be straightforward?
Many traders tend to overcomplicate their trading systems, thinking that adding more conditions will enhance precision and boost their success rate. But the reality is that the most effective trading systems are elegantly simple, to the point where they require minimal overthinking. This simplicity helps eliminate the influence of subjective factors and ensures that every trade is executed strictly according to predefined rules, leading to profitability.
With too many factors to consider, it becomes difficult to establish a consistent trading pattern. What happens if one of the entry conditions is not met? Could it be that market conditions satisfying all criteria don't even exist? Such complex trading systems lack resilience and are prone to collapsing with even minor deviations.
Complex trading systems face two significant issues: unclear criteria that make execution challenging and a lack of resilience.
In trading, there is no surefire way to predict future market conditions; it involves a lot of trial and error.
The core of a trading system is not just risk management but profit management. As long as the risk is manageable and there's a slight probability advantage, such signals are worth experimenting with.
Those who can effectively implement simple strategies typically possess a deeper understanding of trading. Adding conditions may be easy, but letting go of them is much more challenging.
A straightforward strategy, provided it aligns with the essence of trading and offers a slight probability advantage, can better navigate market uncertainty, making it more likely to shine in the future. This is why simplicity is key in trading systems.
Many traders tend to overcomplicate their trading systems, thinking that adding more conditions will enhance precision and boost their success rate. But the reality is that the most effective trading systems are elegantly simple, to the point where they require minimal overthinking. This simplicity helps eliminate the influence of subjective factors and ensures that every trade is executed strictly according to predefined rules, leading to profitability.
With too many factors to consider, it becomes difficult to establish a consistent trading pattern. What happens if one of the entry conditions is not met? Could it be that market conditions satisfying all criteria don't even exist? Such complex trading systems lack resilience and are prone to collapsing with even minor deviations.
Complex trading systems face two significant issues: unclear criteria that make execution challenging and a lack of resilience.
In trading, there is no surefire way to predict future market conditions; it involves a lot of trial and error.
The core of a trading system is not just risk management but profit management. As long as the risk is manageable and there's a slight probability advantage, such signals are worth experimenting with.
Those who can effectively implement simple strategies typically possess a deeper understanding of trading. Adding conditions may be easy, but letting go of them is much more challenging.
A straightforward strategy, provided it aligns with the essence of trading and offers a slight probability advantage, can better navigate market uncertainty, making it more likely to shine in the future. This is why simplicity is key in trading systems.
"Ripple Swell Event: The Key Catalyst for XRP's Recent Surge in Value"
XRP sees a 27% weekly surge and a significant 24-hour trading volume increase, coinciding with Ripple’s pivotal Swell conference in Dubai amid speculation of a transformative IPO announcement.
Read more on: https://thecryptobasic.com/2023/11/06/why-is-xrp-rising-something-big-coming-for-xrp-in-ripple-swell/
#XRPUpdate #Crypto #CryptoCurrents #CryptoNews🔒📰🚫 #CryptoNovember
Read more on: https://thecryptobasic.com/2023/11/06/why-is-xrp-rising-something-big-coming-for-xrp-in-ripple-swell/
#XRPUpdate #Crypto #CryptoCurrents #CryptoNews🔒📰🚫 #CryptoNovember
🚀 Sui vs. Aptos: The Blockchain Revolution's New Faces 🚀
Hello Binance Squad, Linkan here, zooming in on two blockchain powerhouses that are making waves in the crypto sea! 🌊
🌟 Sui ($SUI ) - The Silent Mover 🌟
Sui's been quietly gearing up for a major token unlock event, with $15.88 million worth of tokens ready to hit the market. This kind of event can really shake things up, as it could lead to more Sui tokens in circulation. It's a bit like the calm before a storm, where the air is charged with anticipation. Will this unlock catapult Sui to new heights, or will it test the waters of investor trust? With its price at a neat $0.4471, all eyes are on this dark horse. 🐎
🎩 Aptos ($APT ) - The Spotlight Stealer 🎩
Aptos isn't just another name in the game; it's been stealing the show with its solid tech and a recent 25% market price rally. But it's not all smooth sailing. Aptos faced a 5-hour outage on its first birthday, a hiccup on its path to stardom. Despite the glitch, it's been a favorite for its resilience and potential, with a current price of $6.67. Aptos is like the breakout star who's just had their first big performance hiccup but is still the talk of the town. 🌟
🔍 What's the lowdown? Sui's on the brink of a big move, while Aptos is dancing in the spotlight, outage and all.
📣 What's your vibe? Are you rooting for Sui's quiet buildup or Aptos' undeniable charm, even with its recent stumble?
Chime in below, and if you're feeling the crypto rhythm, tap that like, drop a tip if you're feeling generous, and let's keep this conversation rolling! 🎉
#SuiSurge #AptosAdventure #CryptoCurrents #TechTrailblazers #BinanceBuzz
Just a friendly reminder, this isn't financial advice. It's your insider look into the crypto world. Stay tuned for more, and let's ride this digital wave together! 🌟🏄♂️💼
Hello Binance Squad, Linkan here, zooming in on two blockchain powerhouses that are making waves in the crypto sea! 🌊
🌟 Sui ($SUI ) - The Silent Mover 🌟
Sui's been quietly gearing up for a major token unlock event, with $15.88 million worth of tokens ready to hit the market. This kind of event can really shake things up, as it could lead to more Sui tokens in circulation. It's a bit like the calm before a storm, where the air is charged with anticipation. Will this unlock catapult Sui to new heights, or will it test the waters of investor trust? With its price at a neat $0.4471, all eyes are on this dark horse. 🐎
🎩 Aptos ($APT ) - The Spotlight Stealer 🎩
Aptos isn't just another name in the game; it's been stealing the show with its solid tech and a recent 25% market price rally. But it's not all smooth sailing. Aptos faced a 5-hour outage on its first birthday, a hiccup on its path to stardom. Despite the glitch, it's been a favorite for its resilience and potential, with a current price of $6.67. Aptos is like the breakout star who's just had their first big performance hiccup but is still the talk of the town. 🌟
🔍 What's the lowdown? Sui's on the brink of a big move, while Aptos is dancing in the spotlight, outage and all.
📣 What's your vibe? Are you rooting for Sui's quiet buildup or Aptos' undeniable charm, even with its recent stumble?
Chime in below, and if you're feeling the crypto rhythm, tap that like, drop a tip if you're feeling generous, and let's keep this conversation rolling! 🎉
#SuiSurge #AptosAdventure #CryptoCurrents #TechTrailblazers #BinanceBuzz
Just a friendly reminder, this isn't financial advice. It's your insider look into the crypto world. Stay tuned for more, and let's ride this digital wave together! 🌟🏄♂️💼
ChainGPT x HTX Initiates 14 days learn and earn campaign -
Recently, HTX launched ChainGPT . To help users gain a comprehensive understanding of ChainGPT, HTX Learn has launched the Learn & Earn campaign for this project. Participants who complete the course and successfully pass the quiz will stand a chance to win CGPT rewards.
Event Rules:
1. Each participant stands to win 18 CGPT as learning rewards. The event will end when all the rewards are claimed or at the end of the event period.
2. Eligibility: HTX users who complete KYC L3 verification. Verify now to enjoy our event benefits!
3. To earn your rewards, you need to learn the knowledge about ChainGPT and answer all the questions correctly (three attempts allowed) during the event period.
4. Users who engaged in any of the previous HTX Learn's Learn & Earn campaigns will be eligible for an extra reward of 3 CGPT.
5. Rewards will be credited to your accounts within 7 working days after the end of the event.
Referral Benefits:
1. Refer friends to sign up on HTX, learn about ChainGPT, and answer all the questions correctly. Your friends will earn the corresponding rewards, and you, as an inviter, will receive the same rewards regardless of participation. The more friends you invite, the higher your rewards will be.
2. Your invitation is valid only when the new user signs up via your referral link. (HTX app > Referral on homepage > Share referral link or QR code)
Note: HTX reserves the right of final interpretation of the event. Users violating the rules of HTX, including click farming and illegal bulk registration of accounts, will not be eligible for rewards.
At HTX Learn, we're committed to offering the best resources and opportunities that help you achieve greater success in the crypto world. Actively learn during the event to enhance your investment skills.
https://coinmarketcap.com/community/share/post/331616709
$USDC $BNB $BTC
#AirdropAlert #alert #CryptoCurrents #Informational #CryptoNews🔒📰🚫
Recently, HTX launched ChainGPT . To help users gain a comprehensive understanding of ChainGPT, HTX Learn has launched the Learn & Earn campaign for this project. Participants who complete the course and successfully pass the quiz will stand a chance to win CGPT rewards.
Event Rules:
1. Each participant stands to win 18 CGPT as learning rewards. The event will end when all the rewards are claimed or at the end of the event period.
2. Eligibility: HTX users who complete KYC L3 verification. Verify now to enjoy our event benefits!
3. To earn your rewards, you need to learn the knowledge about ChainGPT and answer all the questions correctly (three attempts allowed) during the event period.
4. Users who engaged in any of the previous HTX Learn's Learn & Earn campaigns will be eligible for an extra reward of 3 CGPT.
5. Rewards will be credited to your accounts within 7 working days after the end of the event.
Referral Benefits:
1. Refer friends to sign up on HTX, learn about ChainGPT, and answer all the questions correctly. Your friends will earn the corresponding rewards, and you, as an inviter, will receive the same rewards regardless of participation. The more friends you invite, the higher your rewards will be.
2. Your invitation is valid only when the new user signs up via your referral link. (HTX app > Referral on homepage > Share referral link or QR code)
Note: HTX reserves the right of final interpretation of the event. Users violating the rules of HTX, including click farming and illegal bulk registration of accounts, will not be eligible for rewards.
At HTX Learn, we're committed to offering the best resources and opportunities that help you achieve greater success in the crypto world. Actively learn during the event to enhance your investment skills.
https://coinmarketcap.com/community/share/post/331616709
$USDC $BNB $BTC
#AirdropAlert #alert #CryptoCurrents #Informational #CryptoNews🔒📰🚫
Pioneering Countries Launching Functional Bitcoin Spot ETFs
Of the nearly 200 sovereign states and territories across the globe, only a handful of eight have operational Bitcoin spot ETFs that are publicly traded on stock exchanges.
Read more on: https://thecryptobasic.com/2023/11/08/here-are-countries-with-functional-bitcoin-spot-etf-products/
#Bitcoin-BTC #BitcoinETFLaunch #Crypto #CryptoCurrents #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/11/08/here-are-countries-with-functional-bitcoin-spot-etf-products/
#Bitcoin-BTC #BitcoinETFLaunch #Crypto #CryptoCurrents #CryptoNews🔒📰🚫
When $SOL was dipping at $8-$9, many doubted its potential😅
I seized the opportunity, bought the dip, and look at where #SOL is now!🚀
Opportunities like these are gems. Understand them, seize them, and make the most of them! 💎💰
#CryptoCurrents #Solana📈🚀🌐
I seized the opportunity, bought the dip, and look at where #SOL is now!🚀
Opportunities like these are gems. Understand them, seize them, and make the most of them! 💎💰
#CryptoCurrents #Solana📈🚀🌐
DZ Bank, the third largest German bank, will roll out crypto custody for institutional investors.
The bank believes that in the coming years, a big chunk of capital market business will be processed via distributed ledger technology (DLT)-based infrastructures.
It views DLT as a complementary technology to the established infrastructures supporting capital market processes.
Despite the strict regulatory regime in Germany, banks have been gradually adopting crypto.
#cryptocustody #CryptoCurrents
The bank believes that in the coming years, a big chunk of capital market business will be processed via distributed ledger technology (DLT)-based infrastructures.
It views DLT as a complementary technology to the established infrastructures supporting capital market processes.
Despite the strict regulatory regime in Germany, banks have been gradually adopting crypto.
#cryptocustody #CryptoCurrents
