KCS - Long-Term View! 🔍Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), we were looking for buy setups around the 5-6 support zone.
KCS rejected the 6.0 support zone and traded higher.
🏹 For the bulls to take over long-term , we need a break above the last weekly major high in gray around 11.5
Meanwhile, if KCS retests the 6-7 support again, we will be looking for new short-term buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Kucoin
What are the ways to profit from choosing an exchange wisely?Previously, we wrote about the free bonuses that exchanges provide us and how they ensure the speed of transactions and minimal slippage . In this idea we will talk about the interface of exchanges, the terminal and what are the main types of orders that should be on any terminal nowadays.
An interface of a cryptocurrency exchange should be user-friendly. We won’t use any product or service which repels us by its “packaging” on first impression. So let's check the most common mistakes and so called red-flags that exchanges make in their interface:
Cluttered Interface. This can make it difficult for us as users to navigate the exchange and find the information we need
Poor Navigation. If we can't easily find what we're looking for, we're likely to become frustrated and leave the exchange. It's important for exchanges to have clear and intuitive navigation
Lack of Mobile Optimization. You have already known all the importance of mobile-optimized interface. (Mobile devices were responsible for 43% of all cryptocurrency transactions in 2022)
Confusing Terminology. Cryptocurrency can be complex, especially for newbies. It's important to use clear and simple language to help everyone understand the exchange
Slow Load Times. Finally, slow load times can be a major issue for cryptocurrency exchanges. If we have to wait too long for pages to load, we are going to live very soon
In a current market with many “players” it's hard to get a user with only a quality design and interface and here we come to another important point for traders - types of orders and options for it . It is important to have many different types because it allows us to execute trades in a way that best suits trading strategy and risk tolerance. Here is the list of the most popular and in the meantime significant ones:
1. Market order: buy or sell a given instrument at the market price. The price for these types of orders is defined as the best price available on the market at the point of time the order is being placed. Since the price changes constantly, the total price and fees are provided as estimates rather than exact values.
2. Limit order: execute a trade at a specified price or better (limit price). A Limit order to buy would be at the limit price or lower, and a Limit order to sell would be at the limit price or higher.
Subtypes of limit orders:
Good-Till-Cancelled - lasts until the order is completed or canceled.
Day - automatically expires if not executed on the day the order was placed.
Good-Till-Date/Time - automatically expires at the specified date and time.
Fill-Or-Kill - must be executed immediately in its entirety; otherwise the entire order will be canceled
Immediate-Or-Cancel - must be executed immediately. Any part of an IOC order that cannot be filled immediately will be canceled.
3. Scaled orders: you can set multiple orders at once. This lets you implement the most sophisticated trading strategies with ease. For example, if you'd like to consistently sell portions of some currency in case its price is increasing. Usually, you would have to create a whole lot of sell orders manually, specifying the desired amount, and the price each time. With Scaled orders, you can noticeably speed up this process.
Now a little bit about options:
A Stop-loss option on your orders helps with minimising risks attached to trading. This option is available for Market and Limit orders with a preselected Stop option, which ensures that your order will be placed as soon as the price reaches a certain value, called the Trigger price.
A Take-profit option on your orders helps with consolidating your gains from trading. This condition is available for Market and Limit orders with a preselected 'Stop' condition — a condition that ensures that your order will be placed as soon as the price reaches a certain value, called the Trigger price.
A Post only option ensures that your limit order will be added to the order book and not match with a pre-existing order. If your order would cause a match with a pre-existing order, your post-only limit order will be canceled. The 'Post' only option guarantees that you will pay the maker fee and not the taker fee unless matched with a hidden order.
A Reduce only option enables you to create buy and sell orders meant to reduce an existing position without opening an opposite long or short position worth more than the current value of your leveraged assets. This essentially means that you will not be able to execute more than the size of your position, allowing you to trade without risking over-exposure of your assets.
In conclusion, it’s crucial for you to choose exchanges that have a user-friendly interface and a variety of order types. It can help execute trades more efficiently and with greater precision, leading to a better overall trading experience.
Thanks for reading! Write in a comment what other important points you pay attention to when choosing an exchange
#MAN/USDT Technical Analysis Chart Update for Scalping#MAN/USDT Technical Analysis
MAN/USDT is currently trading at $0.0462 and the scalping chart suggests a potential profit of 7% to 37%. Based on this analysis, it is recommended to enter the market only if the price hits $0.047032. After entering the market, it is advisable to set a stop-loss order at $0.044 to limit potential losses in case the market moves against the trade.
The recommended price targets are $0.050, $0.0539, $0.0578, and $0.064 with a timeframe of 5-15 days. However, it is important to note that these targets are based on technical analysis and market conditions can change quickly, so it is important to constantly monitor the market and adjust the strategy accordingly.
Additionally, it is recommended to ignore volatile wick movements as they may not represent the overall market trend. Always practice proper risk management and only invest what you can afford to lose.
Hey, it's CryptoPatel here!
I'm passionate about providing you with the latest insights and analysis on the world of cryptocurrencies.
If you enjoy my content and want to show your support, please like, share, and follow me for more high-quality updates.
Thank you for your support, and let's continue to stay connected for more exciting content!
LIKE ❤️
Share ⏩
Follow
Behind the scenes of exchanges. Speed of orders and slippageHello guys. Today we are sharing with you an idea about the impact of order speed and slippage. Why is it important and what exchanges could do to provide us with the best solutions?
First of all, fast order execution is essential for those of you who are looking to take advantage of market opportunities in real-time. If orders are executed too slowly you may miss out on profitable trades or be forced to accept less favorable prices. Unpredictable slippage can lead to unexpected losses, which can be particularly damaging in volatile markets.
On the other hand, high-speed trading can also increase the risk of market manipulation and other forms of unethical behavior. Traders who are able to execute orders more quickly than others may be able to manipulate prices in their favor, leading to unfair advantages and potentially harming other market participants.
What do exchanges do to ensure the best speed and lowest slippage?
1. Orders speed:
Exchanges make use of a combination of advanced technology and strategic partnerships to offer fast order execution. They are using high-performance servers and optimized software to process orders quickly
Some exchanges use machine learning algorithms to predict market trends and react to market movements more quickly. By analyzing large amounts of trade data, these algorithms can identify patterns and make predictions about future market conditions. This allows exchanges to offer faster and more accurate trading services to their users
2. Slippage
As we all know, slippage refers to the difference between the expected price of a trade and the actual price at which the trade is executed. To minimize slippage on orders, exchanges can use different strategies:
Employ advanced order matching algorithms that can quickly and accurately match buyers and sellers based on their preferences and available liquidity. These algorithms can help to reduce the likelihood of trades being executed at unfavorable prices, which can help to minimize slippage
Exchanges provide users with access to a deep liquidity pool. This can be achieved by partnering with market makers and other liquidity providers, who can help to ensure that there is always a reliable supply of buyers and sellers for each currency pair.
And last but not least, exchanges offer users the ability to place limit orders, which allow them to specify the maximum price they are willing to pay for a particular currency. This can help to minimize slippage by ensuring that trades are only executed when the desired price is available.
So what was the main purpose of this idea? To reflect the importance of transaction speed and slippage on exchanges, because the outcome of transactions and their convenience for us as users directly depends on it. If you want to make a profit in this market, you should understand exactly what exchanges are doing to give you the best options. With this knowledge you are able to choose exchanges to trade with more wisely.
Thank you for reading, don’t forget to check the links below. Check the speed of transactions and slippage on our terminal, as we are constantly working on it! We are ready to drop you some bonuses for testing our platform and sharing your feedback! Contact us here on TradingView or any other way that is convenient for you
UFO Gaming Update, Breakout Point right now!Need to break and retest this larger ascending triangle, points of resistance shown and ultimate target Starred
MNW/USDT 30% Potential from Here as per ChartMNW/USDT Technical Analysis Overview:-
#MNW/USDT is currently trading at $1.978, having rebounded from the Support/Retest level. Based on the current market conditions, a bullish zone is being observed, prompting me to make a purchase at this point.
My entry level is between $0.190-$0.198, and my target is to achieve a 30% increase from my entry level. Specifically, my targets are set at $2.165, $2.348, and $2.493. To minimize my risk, my stop-loss order is placed at $1.83.
In terms of support and resistance levels, the support level is $1.88, while the resistance level is $2.12.
If you found this chart analysis helpful, please like and appreciate my hard work. Additionally, I recommend following me for more quality updates.
Thank you.
XCAD/USDT :- Update on the #XCAD/USDT Scalp Trade:Update on the #XCAD/USDT Scalp Trade:
Currently, the XCAD coin is trading at $1.345 and has surpassed the support level. Moreover, it has exhibited a good bounce from the 0.618 Fib Retracement level. As a result, I anticipate a positive upward movement.
My recommended entry range for this trade is between $1.35-$1.30. The potential targets for the trade are $1.44, $1.53, $1.60, and $1.70, while the stop-loss should be set at $1.2696. The timeframe for this trade is 1-3 weeks.
Given the market's high volatility, it is essential to place a stop-loss order to minimize potential losses.
If you appreciate the quality of my content, kindly like, share, and follow for more updates.
Thank you.
BULLISH FORMUSDT GAINING ATTENTION AMID SELL OFFSTHIS IS NOT FINANCIAL ADVICE
BLACK LINES are support.
RED LINES are resistance.
BLUE LINES are trends.
TRADE IDEA:
The whole market got crushed the last week and kucoin gems all took a little sell off hit. That is okay! Some setups have emerged from the selling and we are back with another bullish chart. Price broke down a bit further under the 205 ema on this time frame than I thought it would, but the set up is the same. We are expecting this to move fast above .0035 when the kucoin traders get ahold of it.
FUNDAMENTALLY
The Risk Parity Protocol from Formation Fi is a cross-chain decentralized asset management system designed to bring maturity and stability to DeFi by allowing users to quickly create highly diversified portfolios tailored to individual risk preferences.
A set of tokenized, algorithmically rebasing indexes provide an open and democratized approach to constructing a risk-adjusted portfolio of crypto assets. Users hold a bespoke combination of index tokens which represent different assets across multiple chains, reducing risk and saving both time and money.
Compared to naive DeFi strategies focused on maximizing APY, the Risk Parity Protocol can produce the same or better yield with less overall risk.
The entire protocol is overseen by the $FORM token, a triple-utility token which provides profit-sharing, governance, and helps grow the DeFi ecosystem by harnessing the wisdom of the crowd to identify and fund the most promising projects.
MITX ABOUT TO BREAKOUT, 2-8x gainsTHIS IS NOT FINANCIAL ADVICE
BLACK LINES are support.
RED LINES are resistance.
BLUE LINES are trends.
TRADE IDEA:
MITX has one of the nicest setups on Kucoin, yet again. The price has broken above the 205 EMA on the 10 day chart and is consolidating. The last 3 10 day candles look really bullish sitting on the 205 EMA. I am expecting .04 then .08 and finally .16 price targets this year. With a lot of Kucoin Gems taking off in price, I expect this one to remain in bullish territory a majority of the year.
FUNDAMENTALLY
Morpheus Labs is a leader in Blockchain-Platform-As-A-Service (BPaaS) offering mission-critical tools, infrastructure, various blockchain protocols, and blockchain use case references for enterprises and developers to build, experiment and manage their own applications effortlessly at minimal cost and time. Armed with relevant capabilities, the platform offers a multitude of intuitive solutions that enables developers and enterprises alike to take advantage of its platform to build effective solutions for various use cases.
Morpheus Labs is featured in the Singapore Blockchain Landscape Map and Tribe Accelerator alongside enterprises such as IBM , Oracle , PwC and Microsoft .
it's time to going up for GMTUSDTbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!!
(in every target you want, closed the position but our target is the third one)
*Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management*
*************************************************
if you want to enter in this position:
Enter Price: 0.4123(here we are)
Target1: 0.4413
Target2: 0.4779
Target3(Final Target): 0.5309
Stoploss: 0.3438
*************************************************
Guy's if this idea was useful and it was intresting for you please follow for more
don't forget do comment and like my idea
doing and living in the best quality
thanks of all of you dear's ;)
BTCUSDT - Initial Short (2D chart)Macro wise I am still very bullish on BTC. On lower timeframes such as the 1D/2D a bearish divergence is printing. The Bollinger Band squeeze indicates an imminent move and, in tandem with the RSI and the plethora of oscillators printing bearish, it is probable we see some downside (small correction) in the coming days. Targets and divergences marked on chart.
✴️ Polygon (MATIC) End Of The Correction?It is hard to call the end of a correction but why?
The bots adapt life to everything we do, everything we comment, everything we write, everything we share.
The correction can be due to be over now but if a large influx of money enters the market, the exchanges bots will "readjust" and dump on all of us rather than let the market flow.
No worries. The majority is in denial and it is hard to spot the end of a correction after all... Again, why?
Because there are multiple levels that are relevant for a correction to end.
Here we have the 0.618 Fib. retracement level short-term activated, below 0.382 Fib. retracement for the full bullish wave (since June) and lastly, the 0.5 Fib. extension level for this same wave as well.
The correction can end here when we look at the volume and the indicators, they already moved down strong enough but, if prices where to continue lower, the 0.8600 to 0.8900 price range is the next strong support.
It doesn't matter if the correction will end now or within a few days more... The bullish potential is really strong, Polygon has been growing since its June 2022 low.
✔️ 263 Days of higher highs and higher lows or almost 9 months.
✔️ The bear market ended in June 2022 for MATICUSDT... True, the bear market ended long ago.
✔️ Adapt and change.
✔️ Think long-term.
Thanks a lot for your amazing and continued support.
Namaste.
it's time to falling for APEUSDTbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!!
(in every target you want, closed the position but our target is the third one)
*Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management*
*************************************************
if you want to enter in this position:
Enter Price: 4.8165
Target1: 4.9190
Target2: 4.9850
Target3(Final Target): 5.1001
Stoploss: 4.6163
*************************************************
Guy's if this idea was useful and it was intresting for you please follow for more
don't forget do comment and like my idea
doing and living in the best quality
thanks of all of you dear's ;)