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Excavo

Golden and Death CrossesThe most popular and simplistic way to use moving averages is to divide the market into a bullish or a bearish one based on a cross. Even today, financial newspapers refer to these crosses as being really important and defining for a market. In order to look for a golden or a death cross, a daily timeframe needs to be open on the financial product one is interested in trading. In our case, let’s use the daily chart on the BTC/USD. The next thing to do is to apply two different moving averages on the chart: one that takes into account 100 as a period (MA100), and one that considers 50 as a period (MA50). This means that MA100 is plotting a value based on the values of the last 100 days, while the MA50 one is taking into account only the last 50 days. The overall idea to interpret a market is quite simple: When the MA50 moves above the MA100, or it makes a cross, this cross is called a golden cross. It means that from that moment on the overall market turned bullish, and so buyers should dominate that market. The opposite is true as well: When the MA50 crosses the MA100 to the downside, the cross that is formed is called a death cross, and signals a bearish environment in the period ahead. The BTC/USD chart below shows both golden and death crosses, as the MA50 (the red line) crosses above or below the MA100 (the white one). Best regards EXCAVO
BITSTAMP:BTCUSDEducation
by EXCAVO
16
30.9.2020 - Binance Coin (BNB / USD)Hi Traders! Today, we look at a specific trade we found on the BNB / USD pair. This trade is on a 4-hour chart and is short. What does it mean? This means, that we will speculate on a decline in the price of BNB coin. Why? 1. BNB is at a strong resistance of USD 28 - 29. This area is very strong resistance on our chart. 2. We also see the first rejection and the first red candles on this resistance. 3. RSI divergence - if we look at RSI, we see that the chart is falling while the price has reached a new maximum. This happens quite often in cryptocurrencies. 4. Trendline - we have not yet broken this, but we assume that we will see it in the coming hours. We mentioned 4 points above why the BNB price could fall. However, technical analysis is, of course, a game of statistics and probability. Thus, the BNB has a high probability of a decline, which, however, does not provide any guarantee that this will be the case. As for the zone where the price could reach in the event of a decline, we see the values of USD 24 - 25 as the first stop. May the crypto be with you!
BINANCE:BNBUSDShort
by DolleroTechnology
BitcoinBitcoin had reached $12000 , then we saw a 20% dropdown. Then there had been a rebound (growth) to the mirror level, from which we made another move down to the lower support line of the upward channel. Triangle has formed with an upper resistance line (mirror level) and a support line (channel's support line). As a rule, such patterns (triangles) signal about continuation of a given trend. The next horizontal level is near $9500 (there is also a 38.2% Fibonacci level). There is another scenario: if we do not break the support line of the upward channel and we will continue an uptrend. At the top, we have a resistance of $12000. Best regards EXCAVO
by EXCAVO
53
23.9.2020 - Bitcoin (BTC / USD)Hi Traders! In today's analysis, we will look at BTC / USD. We have seen a significant drop in recent days, so you will definitely be interested in looking at the overall situation. When we look at this chart and think about world markets, we think Bitcoin got into a bull-run. We are above the trendline, above MA21 and we have been creating higher lows for several months now. We must also not forget the halving and previous cycles. In terms of technical analysis and market cyclicality, we are therefore in a bull-run. Warning! However, this does not mean that the price cannot fall. COVID and the March slump in the markets caused Bitcoin to significantly copy the S&P500 index. Bitcoin and cryptocurrencies are therefore also clearly linked to movements in world markets. If we only look at the analysis and fundamentals of Bitcoin, we are clearly bullish. However, if we look at the markets globally - if the S&P500 falls, then it is highly likely that Bitcoin and the entire cryptocurrency market will also fall. You can see 2 strong supports marked on the chart: 1. Level at USD 8,098 - 8,810. 2. MA200 - on the weekly chart, it is the strongest MA, which caught us on the bottom on USD 3,000 and 4,000. It is currently worth approximately USD 6,600. May the crypto be with you!
BITSTAMP:BTCUSDLong
by DolleroTechnology
17.9.2020 - Chainlink (LINK / USD)Hi Traders! Today we will take a look at the popular cryptocurrency - Chainlink (LINK). In the spring and summer, its growth aroused huge interest. After the March declines, it was around USD 1.28. It reached its absolute maximum in mid-August at USD 20.10. We are talking about a growth of about 1 460% in half a year. That was what brought Chainlink a lot of attention. But how will it develop further? We are currently at USD 11.16. We see the values of 8.97 - 9.80 USD and then 6.30 - 7.07 USD as the two absolute most important supports. How do we know that the downtrend is ending? First of all, we must realize again the 3 basic cycles - growth - decline - consolidation. This chart passed through extreme growth, a strong decline, and now there should be a phase of consolidation, ie moving to the side. The uptrend will, therefore, be definitively confirmed only at the time when we break-up both trendlines of the chart. Looking at RSI, we would like to see a drop to the extreme zone, which would mean a decrease in support on the chart and then a move up. LINK has undergone a correction of about - 50%, which could be enough, but in terms of the time we still see space to move sideways. May the crypto be with you!
Long
by DolleroTechnology
4
Sensorium (SENSO/USDT)SENSO broke through the resistance line of the falling wedge. It moves in an upstream channel. The next target is near the previous high and 61.80% Fibonacci level. The second is the resistance line of the channel. SENSO is an ERC-20 token used as the in-platform currency of Sensorium Galaxy — the social VR platform: - Funded ~ $100+ mln as of 2020; - Founded by Forbes-listed billionaire Mikhail Prokhorov; - Exclusive partner of music streaming service Tidal owned by JAY-Z, Lil Wayne, Rihanna, Calvin Harris, Daft Punk, and Chris Martin; - Sensorium runs a joint program with Epic Games; - Support of world-famous artists and producers like Yann Pissenem (creator of the world’s #1 and #3 nightclubs Ibiza Ushuaia and Hi Ibiza); - Public release expected H1 2021; - SENSO is traded on Bittrex, KuCoin, and Bitcoin.com, HitBTC. Latest News and Fundamental Analysis: 1. Jay-Z's Tidal bought $7 million worth of SENSO tokens 2. Sensorium launched an accelerator with Epic Games (Sep 10) 3. Listing on Bittrex Best regards EXCAVO
Long
by EXCAVO
3
Bitcoin. Who and Why created it?The 21st-century phenomenon is the private digital currencies, it is one of the varieties of alternative money. For the last century, banks have defended their monopoly on the money issue, which is fixed in the laws of countries. When private digital currencies such as Bitcoin emerged, banks came back swinging hard. Initially, they said that it was not legitimate, it was necessary to close it, but it was difficult to halt the process of cryptocurrencies popularization. It is the peer-to-peer closed networks, the participants interact with each other horizontally. No administrative structure, regulation, or supervision. The authorities can't handle with digital currencies, so it is better to legalize and try to get it out of the darknet. This is a very long legalization process. Government authorities create their own digital currencies in order not to lose financial control over people. Bitcoin networks are visible, it is not difficult to identify the participant who transfers BTC. In 2013-14 there was a large Silk Road was an online black market and the first modern darknet market, best known as a platform for selling illegal drugs. American state structures tracked them. What's this for? Their one version - Bitcoin is an ideal tool for financing terrorism, the shadow-black business. In my opinion, it is the unconvincing argument, cash is a more efficient element of securing such transactions. Digital currencies are a tool to undermine traditional banking systems. Best regards EXCAVO
BITSTAMP:BTCUSD
by EXCAVO
79
9.9.2020 - Cardano (ADA / USD)Hi Traders! Today we look at the popular cryptocurrency Cardano in the analysis. First, however, we would comment on the last analysis of Bitcoin, where we predicted the September declines and this analysis turned out absolutely perfectly! But let's move to Cardano. This coin did not pass the September fall either. ADA has already written off about 48% of its HIGH. We see values between USD 0.0769 - 0.0902 as very strong support. This is a zone where it would be wise to buy this coin. First of all, we have increased volumes and structure there. Secondly, the original trendline also affects us there. When we take a look at the RSI indicator, we still have space to fall into the extreme zone. From the RSI point of view, overcoming the upward trendline will be absolutely key. In addition, the MA200, which is also approaching us very slowly will act as support. May the crypto be with you!
BINANCE:ADAUSD
by DolleroTechnology
13 Recommendations for Traders1. You should not expect that the loss-making trades will ultimately lead to a reversal and profit. You should not build up a position on it, proving to yourself that you are right. The best solution would be to exit the position and accept your losses, as they are inevitable in stock trading. 2. Stop loss and take profit should be based on the market situation, not financial opportunities. If you need to set a stop longer than your deposit allows, the trade should be canceled. 3. Entry and exit points should be objectively justified. 4. Do not enter the market during the high volatility period - the pursuit of the large profits does not always end as a trader would like to. 5. Not all bear market strategies are bullish. 6. A canceled buy signal may be a sell signal as well as vice versa. 7. It is always easier to lose money than to make money on trading. 8. If the response to the news does not instantaneously appear on the market, perhaps it will follow in the future and will have more serious consequences. 9. To increase the likelihood of a successful trade, it is necessary to enter it with a little delay and exit it without waiting for the change in the profitable movement. 10. When a crowd enters into a trade it is time to exit. 11. If you have a feeling of anxiety you should close the trade and continue trading keeping a cool head. 12. Success is a prosperous series, not a single trade. 13. If the series of losing trades are going on, it is worth to take a break. This will allow you to gather your thoughts and, possibly, turn the tide. Best regards EXCAVO
Education
by EXCAVO
20
DeFi Composite Index Futures By BinanceThe Decentralized Finance (DeFi) sector has grown exponentially in the last few months, with more than $6 billion in assets locked in the DeFi ecosystem. The DeFi Index Futures is Binance’s first composite index product, allowing you to track and participate in the fast-growing DeFi market. The index is built using a weighted average methodology, which considers variations reflecting conditions across market capitalization and volume. What are its constituents? The index comprises of the following DeFi protocols Weightage of components as of 26 August 2020: $BAND, Band Protocol - 7.84% $COMP, Compound - 4.03% $KAVA, Kava.io - 7,22% $KNC, Kyber Network - 6.09% $LEND, Aave - 11.25% $LINK, Chainlink - 28.42% $MKR, Maker - 7.76% $SNX, Synthetic Network Token - -8.05% $SXP, Swipe - 9.48% $ZRX, 0x - 9.86% The initial value of the DeFi index is set to 1000. Since Q2 2020, the Decentralized Finance (DeFi) sector has been one of the key drivers of growth in the cryptocurrency industry. This interesting and exciting segment of cryptocurrencies aims to make financial services permissionless, decentralized, and peer-to-peer. Doing your own research and understanding the products you trade is crucial before diving into crypto-derivatives. More info about this index: www.binance.com We will continue to talk about DeFi Best regards EXCAVO
Long
by EXCAVO
4
What is DeFi?What is DeFi? DeFi - What in the world is Decentralized Finance? The Most Comprehensive Guide DeFi is short for Decentralized Finance. Decentralized Finance includes digital assets, protocols, smart contracts, and dApps built on a blockchain. Given the flexibility and amount of development, the Ethereum platform is the primary choice for the DeFi application, but that doesn’t mean it’s the only blockchain platform. Think of DeFi as an open financial ecosystem where you can build various small financial tools and services in a decentralized manner. Since these are applications built on a particular blockchain, they can be combined, modified, and integrated according to your needs. Just like a lego! What is DeFi Offering? DeFi is offering you control of your own assets. Though many new-age banks and fintech firms promise to provide more control to the users, in reality, you are still trusting in them to manage your funds. The objective of DeFi is to give you full control of your assets, and it can because of decentralization and blockchain technology. Also, many developers of financial apps are adopting open-source protocols for trading through decentralized exchanges. The amount of USD locked in DeFi ecosystem is rapidly growing and up to date is over 7 Billion USD defipulse.com DeFi. It is not a trend; it is a fundamental shift in the way that participants engage with the cryptoasset market, and we believe that it has only just begun. Best regards EXCAVO
FTX:DEFIPERPLong
by EXCAVO
25
19.8.2020 - Litecoin (LTC / USD)Hi Traders! In today's analysis, we will look at the LTC / USD pair. The basic question we will discuss today is - has LTC reached its maximum? For analysis, we will use a daily chart. What do we see on it? We can notice that the LTC reached a very strong resistance of USD 68 - 72. Second, we can notice divergences on RSI. The chart made a new high, but the RSI indicator no longer fixed the new high. This means, that this growth is weak. If we wanted to compare the size of wave A and the size of wave C, we would get a ratio of about 1:1, so this condition is also met. We have mentioned 3 reasons why LTC can be at its maximum. Despite the very strong September fundamentals, it does not look good at all with LTC. Until it breaks the USD 72 limit and stays above this value, we are rather pessimistic. Only crossing this limit would predict further growth. However, it will depend on BTC , which leads the entire market. Despite the solid growth of BTC to USD 12.000, we have fallen slightly in recent hours and zeroed whole growth. From a trader's point of view, this chart deserves a correction to at least about USD 56 . Currently, there is no indication that we should overcome this resistance. May the crypto be with you!
BITSTAMP:LTCUSDShort
by DolleroTechnology