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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
5.8.2020 - Binance Coin (BNB / USD)Hi Traders! Today we will look at the exchange coin of the most famous exchange - Binance. We will analyze the BNB / USD trading pair. We chose this pair deliberately, because we have been seeing the potential for evaluation on it for several weeks now, and so far it is developing exactly as expected. The overall target where growth could end is at USD 26.28 - USD 27.55. What do we see on the graph? After a sharp fall, which was recorded in March by all cryptocurrencies and the entire capital market, growth came. Subsequently, we formed a triangle, where the BNB let indicators to cool down and took a second breath. It is extremely important that this coin still holds the trendline as well as high volumes of purchases. If we will break through the white trendline downwards, we would rather end this trade. If that doesn't happen, we'd target the previously mentioned level. This growth is not surprising, as last month the BNB had a so-called coinburn (burning coins). Each quarter, the Binance exchange burns part of its coins, and therefore the amount of BNBs in circulation decreases. This event could also have had a significant effect on rising prices. From a technical point of view, we are currently monitoring the ABC correction, the minimum target of which is based on USD 26.28. May the crypto be with you!
BINANCE:BNBUSDLong
by DolleroTechnology
29.07.2020 - Bitcoin - CME futures Hi Traders! After many weeks of nothing happening, the ices finally broke last week and Bitcoin made a decision and went up. We are currently balancing at $ 11,000. Today, however, I wouldn't like to do a traditional analysis of Bitcoin, but I would like to point out one fundamental thing that isn't much discussed. CME futures is a US stock exchange where Bitcoin is traded. As this is a classic stock exchange, it is common for its gates to be closed over the weekend. However, as you know, cryptocurrencies are also traded over the weekend. If Bitcoin price on the crypto exchanges moves more significantly over the weekend, the CME futures exchange with a "gap" will open on Monday morning. The GAP gives us a price "gap". Why is this important? GAP on CME futures mostly acts like a magnet and in the end it can attract the price. This usually happens in two cases: 1. The GAP shall be completed on the given week of its opening. That would mean we're going under $ 10,000 again this week. 2. The GAP is filled in only after the completion of a certain cycle on Bitcoin. It can be a week, but even a month. CME futures GAPs act as a magnet for the price and in the vast majority they get used to pulling it back. Will it be the same now? May the crypto be with you!
CME:BTC1!
by DolleroTechnology
1
Newscrypto - NWCHi guys , you already know the Newscrypto project Now NWCBTC formed a bullish triangle with a potential break up to 1.272 and 1.618 level Fibonacci July 28 is the partnership disclosure day at Newscrypto Newscrypto will reveal collaboration with finance industry giant that recently confirmed involvement in cryptocurrency space. 500+ million users from 200+ countries will get to know about NWC People can buy NWC with MasterCard Not long ago project integrated PayPal which was also strong FA as can be seen on the chart Best regards EXCAVO
Long
by EXCAVO
9
DowntrendYou can make money from an uptrend or a downtrend in trading. Downtrends tend to move faster than uptrends, which is why you will find some traders who opt to only short sell assets in order to capitalize on the quick price action. Many kinds of research show that financial instruments can trend more than 30% of the time. The rest of the time, the active moves sideways. Do you want to know how to identify and trade a downtrend? In this post, we discuss what a downtrend is, how to spot and trade them. What Is a Downtrend? A downtrend is moving of price action in an asset lower over some time and is most recognizable by prices creating lower lows and lower highs. What you need to know is that a downtrend is composed of two types of price waves. They include: -Impulse -Correction For example, if the asset price was 0.0024, then drops to 0.0014, then rallies to 0.0020 and again falls to 0.012. These price movements will create a price wave. What you need to know is that Impulse price waves are larger (0.0024 to 0.0014), while corrective waves are much smaller 0.0014 to 0.0020. Trends form when the asset price makes progress. It can either be in one direction or another. If the impulse wave moves down, followed by a corrective wave up, it means that the asset price has made a downside move. The downtrend will continue as long as the impulse waves down and corrective waves up in trading. Key Characteristics of a Downtrend Several things characterize a downtrend which is easily recognized in charts as you can see below: Lower Peaks and Troughs Lower peaks and troughs characterize downtrends with lower lows and lower highs taking place as you can see in the chart above. It’s also important to note that trends can form in different time frames. You can have intraday trends as well as macro trends on the daily and weekly charts. News Catalysts News catalysts is another characteristic that can push asset into a downtrend. Increase in Market Participants When the asset price goes downs, the number of sellers increases, which means supply exceeds demand. The increase in market participants who are now convinced that the declining asset price is temporary will begin to rise. As such, the number of customers buying the assets increases while the number of sellers decreases. How to Trade a Downtrend A downtrend occurs across all assets and time frames. Traders can trade them over longer-term time frames such as daily, weekly, and monthly or short-term charts like a tick and one-minute charts. What you ought to know is that the same trend trading concepts apply whether the trader is looking at a daily, weekly, or monthly chart. Tools You can detect a downtrend using technical and fundamental analysis using volume and volatility as well. Use trend lines during trend analysis. By creating a trend line over an asset chart’s high pivot points or under pivot low points. This is a great visual indicator of resistance and support. It also offers a clue to the direction of the price change and speed. Short sellers profit from downtrends by borrowing then selling the assets immediately with an agreement to buy them in the coming future. Also known as short selling, traders benefit from the difference between the lower future price and current sale price. If you are planning on short selling, do so during the corrective wave. Using Fibonacci retracement levels will isolate sections where correction stops and reverses. You can also wait for the correction to stop rallying. By doing so, you allow the price to move sideways, and when it starts to drop, make a short trade. lace a stop loss on every trade to manage risk. Remember, to exit a short trade with a profit the prices need to be lower than what you sold them for. Trading Tips Look for prices to reach previous highs but are not able to breakthrough. This is a good indication that buyers are no longer seeing value in the asset and we could be setting up for a move lower. Use previous highs as a stop location. Look for a break in previous lows to confirm the downtrend. Profits should be taken as prices flush below previous lows and stops should be adjusted to the last previous high. Final Thoughts There are a couple of mistakes you should avoid. Firstly, never fight the overall trend on the higher time frames. If you do so, you may find yourself in a downtrend with no reason to buy. Secondly, never trade too much. Trends are temporary. Even if they are strong or have a potential for making profits, never risk too much on any one trade. This is true, especially if you have a small account or just starting. Don’t be greedy. What we recommend is to start small and scale-up. Starting with a small deposit, you gain crucial knowledge and experience. As such, you will be confident about increasing your trading sizes. Lastly, take some time to learn. To be successful in trading, you need to keep learning. Stay on your toes at all times. By keeping abreast of what is happening in the market. Commit yourself to learn and surrounding yourself with more experienced traders to do that. If this post has 300 likes, I will make a post about the uptrend Best regards EXCAVO
Education
by EXCAVO
13
15.07.2020 - Bitcoin (BTC/USD)Hi traders, we have our regular analyzes back. Since we did the analysis after a long time, today we will look at a higher time frame on Bitcoin. Specifically, it will be a daily chart. On the daily chart, we follow the huge triangle that has formed there in the recent years. The top edge of the trend line is at ATH so it's about $ 20,000. Then the trendline captures the last year's peak. On the contrary, we still have value from the beginning of 2017 at the bottom edge, as well as our last bottom, which was at the level of $ 3,000. However, we tested this support once again, and it was exactly in March when a great panic over COVID-19 came on the market. So, at the moment we see that Bitcoin is compressed between two strong trend lines. We past the halving and due to the economic situation Bitcoin should tend to push more up. However, I have outlined two basic scenarios in the graph that you should follow now. Bullish scenario In this scenario, we speculate that Bitcoin will be able to break the upper trend line and the $ 10,472 threshold to create a higher maximum. If we can break through these key values ​​and stay above them, then we can talk about another bull trend. Bearish scenario In this, we speculate that Bitcoin will not be able to break through the above-mentioned levels and will still test the supports at the level of $ 6,000 or $ 8,000 dollars. Conclusion At this point, we have to wait for Bitcoin to decide. We have been consolidating below the trend line for almost 2 months, but we have not yet been able to break it. Until that happens, we can still go lower. May the crypto be with you!
BITFINEX:BTCUSD
by DolleroTechnology