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Coti Hello Traders, Today’s analysis is on COTI. This coin has been hot in the past and I’m looking for a nice little play on this falling wedge idea you see here. One thing I have noticed often that will happen in a falling wedge (which is one of my favorite bullish consolidation reversal patterns) is that, the initial breakout of the pattern (this one technically the second as you see there was a fakeout breakout) generally will hit the .5 fib which is marked as target #1 & #2 only because I am not sure if the price will react to the .5 fib starting at the wick at the bottom or the recent price action, I’m betting it will hit #2. Anyways, my plan with these patterns generally is to buy the breakout, sell about 50%-75% of my position at the first 2 targets and then re-enter with my profit at the rebuy zone and ride the price action to the main target at .5863. Of course I will be watching this trade along the way as to assure my plan unfolds correctly. The furthest target #4 is based on the 1.618 fib. In all hopes that we do not experience anymore flash crash foolery, we should be having some green action here soon! If you enjoy my analysis, please leave me a like and a comment and tell me what you think! As always, below is a fundamental analysis and some information on where to find #COTI to purchase! Have a GREEN week folks! SAVVY ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ FUNDAMENTAL ANALYSIS COTI Price Live Data The live COTI price today is $0.317124 USD with a 24-hour trading volume of $34,268,180 USD. We update our COTI to USD price in real-time. COTI is up 2.98% in the last 24 hours. The current CoinMarketCap ranking is #182, with a live market cap of $275,476,576 USD. It has a circulating supply of 868,672,118 COTI coins and a max. supply of 2,000,000,000 COTI coins. If you would like to know where to buy COTI, the top cryptocurrency exchanges for trading in COTI stock are currently Binance, Mandala Exchange, Huobi Global, Bybit, and KuCoin. You can find others listed on our crypto exchanges page. What Is COTI (COTI)? COTI markets itself as the first enterprise-grade fintech platform that empowers organizations to build their own payment solutions as well as digitize any currency to save time as well as money. COTI is one of the world’s first blockchain protocols that is optimized for decentralized payments and designed for use by merchants, governments, payment DApps and stablecoin issuers. COTI Pay is the first application. It describes itself as a fully encompassing finance on the blockchain. The COTI Group launched in March of 2017, while the Staking Platform Launched on Jan. 1, 2020. It is an ecosystem that is designed specifically to meet all of the challenges associated with traditional finance, including latency, fees, global inclusion and risks. This is done through the introduction of the DAG-based protocol as well as infrastructure that is completely scalable, private, inclusive and fast. The ecosystem has DAG-based blockchain, proof-of-trust consensus algorithm, multiDAG, GTS (Global Trust System), a universal payment solution and a payment gateway. What Makes COTI Unique? The thing that makes COTI unique is COTI’s platform. This platform enables companies to effortlessly create advanced fintech products and save time, data and money. COTI pay can process every kind of payment type, both in terms of online payments as well as offline ones. This includes crypto and stablecoins, as well as credit cards and even native coins. It has built-in financing to boot, with interest earned on deposits and loans. This also connects with the white label payment network. Traditional payment systems simply cost both merchants and customers amounts up to billions of dollars on an annual basis. As such, the white label payment network is a global payment network for users and merchants that make transactions freely throughout a digital wallet, coin and much more. COTI is also the world’s first platform that is optimized for the creation of coins that are stable in price. As such, a user has the ability to issue their own stable coin and regain full control over both their money and their data. How Many COTI (COTI) Coins Are There in Circulation? COTI (COTI) has a maximum supply of 2,000,000,000 COTI coins. How Is the COTI Network Secured? COTI has an infrastructure that is based on the DAG protocol and their Trustchain algorithm. Above this infrastructure layer lies the services layer known as Coti X. Coti X offers KYC and compliance, interoperability exchange, buyer-seller protections and stability frameworks. Then you have the COTIPLAY layer, which offers externally developed stable coins, externally developed payment apps and much more. COTI uses a hash table as its data structure which is based on chaining. This means that the blockchain itself can secure the computing and privacy of customers. The COTI protocols have made the system a lot more secure for both buyers and sellers. As such, COTI has an ecosystem that provides robust cybersecurity measures around data integrity as well as confidentiality. The COTI wallet is based on the React Native Framework and provides cross-platform functionality and portability. The COTI wallet requires user credentials and is paired with 2FA login in order to establish a connection with the node manager. Once this is established, all communication requires the wallet’s seed. This means that all of the messages are validated and no spoofing or manipulation is possible within this system.
Long
by Savvythe1
2
Bitcoin and How the Crypto Money FlowsHello Traders, Today I wanted to discuss something that will help you in your crypto trading journey. Today I wanted to give you an idea of how the money flows in and out of crypto. I am sure from time to time you have wondered why some coins moved the same as bitcoin and others moved when Bitcoin was going down. Well today you will understand that a little bit better. How Does Money Flow In Crypto? Fiat The Crypto Money Flow Cycle begins with Fiat. Whether that’s the US Dollar , the British Pound, or the Euro - cash is needed in order to make a cryptocurrency investment. Bitcoin The typical cryptocurrency investment will start with Bitcoin as it is the world’s most notable cryptocurrency. And as more investors dedicate a portion of their income/savings into Bitcoin , the price of the asset will rise. When Bitcoin’s price rises, it is at this point in time where investors are enjoying enough returns to start thinking about how they can build their wealth even more. Inevitably, they stand before the decision of whether to simply buy more Bitcoin… Or to allocate some of their funds and build exposure in other cryptocurrencies. These coins that are Alternative to Bitcoin (i.e. “Altcoins) are likely offered on the very same exchange where the investor bought their Bitcoin . Large Caps (i.e. predominantly Ethereum ) During Bitcoin uptrends, investors develop a growing need for a higher return on their cryptocurrency investment. Which is why they seek to diversify their funds into Altcoins like Ethereum . Ethereum is arguably the most well-known cryptocurrency as an alternative to Bitcoin and is often the next logical choice to building a diversified portfolio. And though a well-established platform by now, Ethereum is still a smaller cryptocurrency by Market Capitalization compared to Bitcoin . So theoretically, an investment in Ethereum carries more risk than an investment in Bitcoin would. On the flip side however, an investment in Ethereum would yield higher returns compared to a Bitcoin investment. This change in risk is important in the context of the Money Flow Cycle as it highlights not only how investors tend to lust for higher returns on their cryptocurrency portfolio but also how the risk appetite of these investors grows as the Bitcoin uptrend rises. Mid-Cap Altcoins That being said, many smaller Altcoin projects are built on Ethereum , which is why Ethereum is often heralded as the leading indicator for increases in the valuations of smaller Altcoins. When Ethereum appreciates in price, the prices of smaller Altcoins rally shortly thereafter. However, these Altcoins are less known by the general public and therefore attract less investor interest. For that reason, these Altcoins have a smaller Market Capitalisation compared to Ethereum , let alone Bitcoin itself. Compared to Large Cap Altcoins like Ethereum , Mid-Cap Altcoins have the potential to rally even higher when they generate interest from the cryptospace, generating a far higher Return On Investment while simultaneously carrying much higher risk than Large Cap Altcoins. Small Cap Altcoins Small Cap Altcoins are high-risk, high-reward investments and tend to rally exponentially at the very end of the Crypto Money Flow Cycle. As investors get in the habit of adopting more of a risk-seeking approach and circulating their profits into smaller and smaller Market Capped cryptocurrencies, inevitably they set their sights on higher-risk, higher-reward investments. Which is why these types of Altcoins tend to rally multiple the gains that Bitcoin or Ethereum offers such as 2x, 4x, 10x or even more. And as the prospect of reward in a seemingly never-ending uptrend appears evermore attractive, the risk appetite of investors imperceptibly grows alongside it. Low Caps are the last Altcoins to rally in a Crypto Money Flow Cycle as investors have no other coins to circulate profits to. In fact, many investors decide to book their profits at this time, securing their profits either in Bitcoin (if they’re trading Altcoin/ BTC pairs) or in Fiat (if they’re trading Altcoin/USD pairs). Back to Bitcoin or Selling into Fiat When Small Cap Altcoins rally exponentially (yielding investors a multiples-worth of a return on their initial investment in the process), this sort of euphoria-fueled buy-side pressure precedes one of two things: Money Flow back into Bitcoin or Money Flow back into Fiat. Should investor capital flow into Fiat, it is likely that a corrective period for cryptocurrencies will lie ahead as this is a moment in the cycle where investors secure their profits and de-risk completely from their cryptocurrency investments, causing asset prices to crash. However, sometimes this money flows back into Bitcoin , further fueling the uptrend and preceded further Money Flow back into Large Caps, Mid-Caps, and Small-Caps once again. Especially during bull markets, cryptocurrencies experience a handful of micro-Money Flow cycles within a larger, macro Money Flow cycle before enduring a market-wide corrective period where Money Flows out from the market and finally into Fiat. Now that you have a better understanding of how the money flows in and out of crypto you may have a better understanding of why different coins move at different times. As always, have a green week! Savvy
Long
by Savvythe1
4