Deep Dive Into WhiteBIT: Leading Exchange ReviewWhen it comes to operating with crypto, choosing the right exchange can either make or break your trading experience.
A good exchange isn't only about flashy interfaces or wide coin selections. First of all, it's about security, reliability, and fees that won't drain your wallet. With countless platforms competing for attention, understanding what sets one apart from the others is crucial for both newcomers and seasoned traders.
In this review, we'll dive deep into WhiteBIT , one of the leading european crypto exchanges, exploring its standout features and assessing whether it deserves a spot in your crypto toolkit.
TL;DR
WhiteBIT is one of the largest European cryptocurrency exchanges. It is used by 4 million users daily, while its daily trading volume counts up to $2.5 billion. WhiteBIT is an official partner of FC Barcelona and Trabzonspor, as well as a donor for a range of charitable initiatives.
WhiteBIT stands out for its top-notch security, advanced trading options, swift user interface, and low futures trading fees.
By contrast, WhiteBIT lacks deposit options for certain fiat currencies.
WhiteBIT is a home for many self-sustainable products – Whitechain network, WhiteBIT Coin , Whitepool , and more. All of them deliver benefits for the users.
WhiteBIT: brief introduction
WhiteBIT is one of the largest European centralized cryptocurrency exchanges (CEX). Established in 2018, it has quickly gained the bright spot in the sector, with 4 million daily users and daily volume of $2.5 billion as of today. It was founded in Kharkiv, Ukraine by company’s CEO Volodymyr Nosov.
Apart from cryptocurrency exchange, WhiteBIT takes over a complex ecosystem of technical features and products. The centrepiece of it is WhiteBIT Coin (WBT) – a native token of WhiteBIT, owning of which open a wide range of advantages – from commission discounts to free security checks.
Crucially, WhiteBIT is renowned for its charitable contributions. Case in point: purchase of the Eurovision microphone trophy at 2022 auction for $900,000. The funds eventually went to support the Armed Forces of Ukraine. Apart from this, WhiteBIT and Volodymyr Nosov took part in numerous voluntary initiatives.
WhiteBIT is the official cryptocurrency partner of FC Barcelona , as well as Trabzonspor football club, Faceit , TradingView , and other global companies.
It is worth noting that WhiteBIT stands out by its robust security measures, as verified by Hacken.io CER.live rating.
WhiteBIT Pros
- High-end Security
First things first, WhiteBIT is massively renowned for its top-notch security level, distinguished by Hacken.io audits, CER.live rating, and cybersecurity experts. The exchange stores 96% of digital assets on cold wallets and uses Web Application Firewall (WAF) to detect and block hacker attacks. Letting alone the multi-signature access system as a second-layer precaution for cold wallets and an insurance fund to protect users’ funds.
WhiteBIT’s robustness is primarily achieved by a complex exchange’s infrastructure that merges a wide array of user security features and sharp anti-money laundering (AML) compliance.
For starters, WhiteBIT users are enabled with two-factor authentication (2FA) – a technology that protects the account from unauthorized access. In WhiteBIT, it can be activated via a comprehensive list of 2FA utilities to choose from – all to ensure user’s comprehensive control over the balance and information.
Apart from a common 2FA, WhiteBIT provides customers with reliable anti-phishing measures. The exchange allows users to add their own anti-phishing code, which will be attached to any emails you receive from WhiteBIT, to distinguish the credible messages from a potential threat.
What is more, users can manage the addresses for withdrawals on WhiteBIT. Simply put, the function allows to create a personalised whitelist of white addresses or, vice versa, flag the suspicious ones to restrict insecure transactions. To note ones, WhiteBIT customers may require an address check for criminal involvement for a fee of 1 USDT. For the holders of WhiteBIT Coin , the exchange offers free daily AML checks.
As for the AML precautions, WhiteBIT assures its strict compliance with global anti-money laundering policies. This can be proven by numerous cases of WhiteBIT’s AML department taking security actions in favour of third-party companies. Namely, in October 2023, the company managed to track down and freeze over 445,000 XRP tokens, stolen from Coins.ph crypto exchange. Earlier that year, WhiteBIT’s AML department had spotted suspicious activity on the wallets of Chris Larsen , Ripple’s executive chairman and co-founder, informing XRP Ledger about the potential exploit.
On top of all, you can trade on WhiteBIT only if you successfully pass Know-Your-Customer (KYC) verification. Otherwise, users are limited to demo-tokens, which offer a deep look into WhiteBIT’s functions.
- User-friendly interface
First look at WhiteBIT reveals its intuitive interface. Its clear layout and smart, logic framework, combined with swift functionality, makes it easy to understand for the newbies and comfortable to operate with for the pros.
Crucially, the user interface allows users to navigate through the services directly from the headout, while clear layout and minimalistic visualization facilitates the process of choosing the function you need. The most popular ones are highlighted with specific buttons as a way of shortcut.
What’s catchy, WhiteBIT’s UI does not overcomplicate the experience, but implies minimalistic framework to avoid ‘littering’ with piles of news, updates, and functions. Instead, the latter ones are distributed via the page clearly.
Importantly, WhiteBIT developers seem to understand that its users are foremostly seeking service. Hence, the website does not jump right away into promoting benefits as a majority of the landing pages do, but puts utility in the forefront.
Advanced trading terminal and leverage
The benefits of WhiteBIT’s smart interface unfold at the trading features.
First and foremost, the exchange allows you to convert the funds at one fell swoop, with no need to use a trading terminal. All a user has to do is to choose from a wide list of currencies and enter the needed amount. This function suits best for HODLers and users who are not participated in a regular trading.
These very users can further send the funds via the easier way – through WB codes – without extra network fees.
For more seasoned market surfers, WhiteBIT tried its best to smooth out this complicated endeavour.
Its trading terminal offers wide customisation options – from choosing between light and dark themes to order books positions and performance limitations for less powerful software. What is more, it can boast of an editor mode, which allows users to move and replace the elements of terminal wherever they are comfortable with.
The part and parcel of WhiteBIT trading terminal is a wide integration with TradingView interface, which offers a full array of tools and indicators, which defaultly require paid subscription, for free. Hence, users would not even need to switch platforms to carry out the trend analysis.
Same features also apply both to margin and futures terminals. Consequently, WhiteBIT offers reasonable leverage rates for those trading options – 10x for margin and 100x for futures. The leverage can be easily changed in a separate menu, in which you’ll be kindly warned of the collateral risks.
However, WhiteBIT is not limited to the basic trading options. The exchange offers Competition – exchange’s feature that allows users to participate in games against other traders and win cryptocurrencies. You’ll be matched with traders of similar expertise, and you’ll race against them to trade more assets, reach a certain earnings threshold, etc. Such gamification brings fresh excitement to the platform.
Given a large number of the available assets and a wide array of trading opportunities, it could become difficult to carry out a thorough monitoring of the trading balance. Gladly, WhiteBIT solves this problem with its one-of-a-kind analytical dashboard . In it, users will receive a detailed outlook on profit and loss, equity trend, and portfolio performance in any chronological order possible.
Supported currencies
WhiteBIT offers over 270 cryptocurrencies for trading. Users can choose from over 520 trading pairs available – with the market cornerstones, such as Bitcoin or Ether, as well as with the prominent Web3 projects’ tokens, like Celestia (TIA) or Hedera (HBAR). Not to mention a wide range of stable coins i.e. USDT and USDC and fiat currencies – from euro and U.S. dollar to Turkish lira (TLY) and Polish zloty (PLN).
What is more, WhiteBIT is keen on the constant updates. Namely, the exchange was one of the first ones to list Toncoin (TON) and DOGS (DOGS) – prominent Telegram-based tokens.
Extensive Income Options
Besides traditional crypto trading, WhiteBIT offers several other ways for people to access crypto funds. Namely, users can stake cryptocurrencies and earn rewards via various holding plans. The Crypto Lending (as it’s known for WhiteBIT users) offers an array of opportunities and rates not only with Bitcoin or Ether, but also with altcoins – Solana (SOL), Ripple (XRP), or even Dogecoin (DOGE).
The exchange fosters the community as well. For active participants, WhiteBIT maintains a referral program , allowing for up to 50% returns from the exchange fees. For businesses and influencers, the exchange recently launched an affiliate program , which delivers higher return rates, support for creators, and advanced analytical dashboard.
It is also essential to mention WhiteBIT Launchpad , which kickstarted many prominent projects while allowing users to invest in tokens way lower their actual price.
Cons of WhiteBIT
Geographic restrictions
While WhiteBIT is widely-available globally, there are certain countries and territories, residents of which are restricted from using the exchange. Among ones are:
USA
Afghanistan
Iran
Belarus
Russia
Yemen
Libya
State of Palestine
Puerto Rico
Somalia
North Korea
Syria
Canada
United Kingdom
Trinidad and Tobago
Nicaragua
Venezuela
Myanmar
Also, WhiteBIT is restricted in globally unrecognized or partially-recognized territories – Transnistria, temporarily occupied Georgian territories, the Turkish Republic of Nothern Cyprus, Western Sahara, the Federal Republic of Ambazonia, Kosovo, and temporarily occupied territories of Ukraine.
While this list is way lesser compared to the countries where WhiteBIT is available, such restrictions still make sense, as they demonstrate company’s compliance with the standards of international law.
Relative newness
One potential drawback of WhiteBIT is its relative newness in the crypto market. Usually, the fresh platforms may come with certain risks.
The lack of an established track record means there’s less historical data to evaluate its long-term performance. Traders may be hesitant to commit large volumes of funds to an exchange that hasn’t yet proven itself through market fluctuations or stress-tested its systems during high-demand periods.
However, since its launch in 2018, WhiteBIT managed to set foot in the door with robust security, established trust from users, and in the market overall. Letting alone the constant development of the new products and growth of trading volume. Namely, WhiteBIT gained third position in terms of derivatives trading volume.
Withdrawal limitations for certain fiat currencies
Indeed, WhiteBIT can boast of a great amount of withdrawal options – from SEPA transfers and integration with third-party payment services to different networks and protocols. However, this does not apply to a full list of fiat currencies represented on the exchange.
Case in point: Czech users can only withdraw korunas to bank cards, while Ukrainians and Turks are limited to GeoPay and other similar providers of their national currencies’ payments.
By contrast, WhiteBIT compensates such minor drawbacks with internal peer-to-peer (P2P) service, which allows for a swifter swap and withdrawal.
WhiteBIT fees
Fees is one of the core criteria for traders in choosing the cryptocurrency exchange. Having said that, WhiteBIT offers a competitive outlook in terms of fees.
Specifically, both the maker and taker are commissioned 0.1% when choosing spot trading, which is a rather standard rate. Importantly, ones can be reduced for the WBT holders.
As for the futures trading, the taker fee is 0.035%, while the maker one is only 0.01%. This is a significantly lower rate compared to a majority of leading exchanges, such as Binance that has 0.05% taker fees and 0.02% maker fees for regular traders.
Importantly, the fees for withdrawals differ between the currencies. The good part is – a majority of blockchain-based transactions are commission-free.
WhiteBIT ecosystem features
There is more to WhiteBIT than cryptocurrency exchange. In fact, the company is branching the service with technological features, client-oriented initiatives, and self-sustainable products, which combined shape a complex ecosystem.
All the features of this ecosystem, as reported by WhiteBIT, create exclusive benefits for the users and bridging the gap towards vaster cryptocurrency adoption.
Whitechain and WB Soul
Formerly WB Network, Whitechain is an EMV-compatible layer 1 blockchain that operates upon Proof-of-Authority (PoA) consensus mechanism, ensuring the verified transaction validators.
Primarily, Whitechain was designed to reduce commissions for WhiteBIT exchange users and accelerate transaction processing. However, the network also comes with different methods of fostering the users.
One of such is WB Soul – an unalterable and non-transferable NFT that allows users to recreate their identity within the blockchain without revealing any personal data. From owning WB Soul, users with WBT in Holding are able to get rewards for blockchain fees and funds redistribution.
Whitechain’s roadmap includes launching new products, enhancing liquidity, enabling cross-chain swaps, and integrating artificial intelligence with smart contracts. The plans are already leaving the papers, specifically with the recent launch of PocketRocket – Whitechain-powered TON-based crypto game.
Whitepool
Whitepool is a mining pool that aggregates computing power from miners worldwide, providing a cost-effective alternative to solo mining. Apart from the hashrate of over 6300 PH/s, this SHA256-powered pool also offers 0% fee for receiving rewards, automatic balance updates, and 24/7 multilingual customer support, available in English, Ukrainian, Polish, Turkish, and other languages.
It also offers special programs for VIP-clients, which provides lowered fees for using the pool, stable rewards for miners with powerful hardware, and other features that are soon to be announced.
WhiteBIT-based services
Apart from the WhiteBIT-integrated features, the company is also a home to different services:
WhiteSwap : a decentralized exchange (DEX) powered by the Ethereum, Tron, and Polygon blockchains. You can swap, farm, and bridge different assets via the service.
WhiteEX : This feature provides physical cards that can be used to conveniently top up (deposit) funds into your WhiteBIT exchange account.
WhitePay : A service aimed at businesses, providing tools for cryptocurrency payment processing. This includes solutions like crypto acquiring and point-of-sale (POS) terminals.
GNCrypto : a global news outlet dedicated to elevating the understanding of cryptocurrencies and blockchain technology
How to setup an account on WhiteBIT
WhiteBIT stands out with its swift yet secure registration process.
To set up a WhiteBIT account , you'll need to enter your email address and create a strong password in a Sign Up menu. Finally, find the confirmation message WhiteBIT sent to your email and enter the verification code.
The next essential step is completing the Know-Your-Customer (KYC) verification. You need to provide your ID proof along with your address proof. The verification process usually takes a few minutes.
Now, only when the KYC is completed, you can access all WhiteBIT features.
Verdict: is WhiteBIT a good trading toolkit?
After taking a closer look at WhiteBIT, it’s clear that it brings a lot to the table for crypto traders of all levels. Its robust security measures, competitive fees, and user-oriented approach makes it a strong contender in an increasingly crowded space.
Still, it’s essential to weigh these benefits against your own trading needs – whether it's access to specific coins, advanced tools, or a mobile-first experience. At the end of the day, the right exchange is the one that best aligns with your goals, and WhiteBIT might just be the platform that gets you there.
WBT
WBT vs LEO | +850%?? | WhiteBIT vs BitfinexDon't show it to anyone, so that there is someone to sell it to at a high price!
Decided to compare asset charts to both BTC and USD pairs.
It’s interesting that even the charts with BTC pair are very similar: in terms of timing, visually, etc.
LEO — token from bitfinex that makes a buyout of tokens and burns them
WBT — a token from whitebit, makes a buyout of tokens and burns them
LEO — does not have a futures pair, only spot
WBT — has no futures pair, only spot
LEO — BUY signal on Real Charts from the SemanticRSI indicator after the first correction. After that, there was constant slow growth (I think due to the constant redemption of tokens). Then strong growth in the active market +850%
WBT — the same signal
LEO — launch in 2019 at the bottom of the market
WBT — launch in 2022 at the bottom of the market
Interesting: perhaps strategic m-making is like in football, there are certain strategies of the game that are chosen according to the technical and fundamental characteristics of the team
Details: assets don’t have much liquidity. You may say "this is a problem!". However... study the trading volume of LEO. You will see that during the period of slow growth, the volume was ~$15 million/day, and then it grew as actively as possible throughout the year with a volume 10-15 times less.
PS: +850% growth for WBT is a price of $50+ 😳
WhiteBit WBT price will start growing after mainnet launch ?Are you tired of unpredictable volatility in the cryptocurrency market? Then investing in WBT seems like a good solution.
In recent weeks, the WBTUSDT price has been trading in a narrow 2% range. Usually, the price of an asset consolidates for a reason, but is preparing for a powerful impulse.
Given the fact that at night, when BTCUSDT updated its low to $28700, the price of WhiteBit token did not falter, we can assume that an upward momentum is being prepared.
There is also a fundamental basis for this assumption:
- WhiteBIT has recently successfully passed a smart contact audit by hacken.io
- the launch of WhiteBit mainnet was announced on 03.08.23
- the launch of the WhiteBIT Launchpad. To participate, you must be the owner of 200+ WhiteBIT Tokens (WBT).
If the launch is successful, it could act as a strong trigger for price movements.
Our medium-term price target for WBT is $6.70-6.95.
Our long-term target for the price of WhiteBIT token is $25
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WhiteBIT token WBTprice will rise as your own mainnet is launch?In the two weeks since we published our previous WBTUSDT idea, the price has grown +15%
Of course, this is not a super rapid growth, but the chart shows daily candles that show a steady increase.
Assuming that the chart can draw a Cup and Handle pattern, the WBT price is now approaching a critical level from which a minimum correction of at least $4.95 can begin.
Or maybe the correction will not begin, and the slow, stable growth will continue at least to the range of $6.70-6.95 , why?
WhiteBit announced several important news:
Their blockchain is finally fully ready. A security audit is underway and soon WB Network will launch its mainnet.
After the launch of the mainnet, WBT redistribution systems will be launched, i.e. WB Network and WBT commissions from funds will be distributed among users who have WBT in the holding. This will help develop the community and ecosystem.
From an economic point of view, this is an incentive for crypto users to buy WBT from the market and hold them for a long time = reduced supply on the market = increased price.
At the same time, they announced a retrodrop, during which additional WBT will be credited to users as a reward. Perhaps this additional number of coins will increase the supply on the market and provoke the correction of the WBT price, which we wrote about above, there is a chance of this, as well as doubt)
It's also worth remembering that the huge unlocking of "fresh to the market" WBT coins will be in November 2023, according to the whitepaper. Until then, the "room for growth" of the WBTUSDT price is unlimited, there is "no ceiling" from above. The main thing is that the trend and the mood on the crypto market should be bullish.
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WhiteBIT token WBT price. Strength, stability, future growth...If you are tired of the constant fall in the price of altcoins, there is a way out - add a little WBT to your investment portfolio.
On 10.06.23, when most altcoins lost -20-50% in a few minutes, the price of WBTUSDT dropped only -4%, on par with BTC and ETH. It seems that "somebody and something" are skillfully keeping the WBT price from spilling over. Maybe they know what the growth prospects are in the future?
In our opinion, the second stage of accumulation of long positions is now coming to an end. The first stage was in the "long term buy zone", as we wrote about in our previous ideas.
Our goals for the growth of the WhiteBit token price in the coming months are roughly $8 and $9.50
A little fundamental news:
The WhiteBit blockchain testnet process is currently underway
According to the project's whitepaper, new coins unlock are not planned until November 2023
.
So the fundamental foundations for future growth are laid, and now "the word" behind the "market"
And if you are interested in the tokenomics of the project, we have described it here:
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WhiteBIT token WBT price. The calm before "the Up storm" ?)The last month the WBTUSDT price behaved no worse than a stablecoin) It did not fall down -20-30-50% as many altcoins did, for which thank you)
The WBT price is stuck in a narrow consolidation of $4.60-5, probably someone is taking a large long position.
Our medium-term expectations are an increase in the price of the WhiteBit token to $6.70 (+43%) and, if lucky, to $8 (+70%)
Our long-term expectations are that the future price of WBT is much and much higher but about this at the following ideas.
The WhiteBit blockchain testnet process is currently underway
According to the project's whitepaper, new unlock coins are not planned until November 2023.
So the fundamental foundations for future growth are laid, and now "the word" behind the "market"
And if you are interested in the Tokenomics of the project, we have described it here:
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WBT - Bulls Took Over Long-Term ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
📉 As per my last analysis (attached on the chart), after rejecting the demand zone, the bulls took over long-term by breaking above the last major high in orange.
on H4: Right Chart
We are currently in a correction phase.
🏹 Trigger => for the bulls to take over short-term again, for the next bullish impulse to start, we need a momentum candle close above the last major high in gray.
Meanwhile, until the buy is activated, WBT can still trade lower till around 4.3 demand zone where we will be looking for buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Strong movement of WhiteBIT token WBT price is still aheadAccording to our opinion, the WBT price is still waiting for at least 5-impulse waves upwards. The target for growth is 6.70$ or 8$
Given that the long-term purchase zone was 3$-4$, this will be x2 profit)
Although our long-term expectations for the future price of the WhiteBIT token are much, much higher.
If you are interested, you can see a series of ideas on WBTUSDT in our TW profile.
And if you are interested in the project's tokenomics, we have described it here:
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WhiteBIT Token WBT price starts it's a long way to growthYesterday, 5/5 of the monthly WBT coin unlocks took place.
According to the whitepaper, the following unlocks are planned:
- 13.11.23
- 13.07.24
- 13.05.25
- 13.03.26
That is, there are no more significant factors that would put pressure on the price until November of this year.
The WBTUSDT price managed to break out above the $3-4 buying zone , where we bought the main position for medium- and long-term investments.
Further, according to the canons of TA, it would be good to test the strength of the $4 level from above and never go lower again)
And after We would like to see only growth and growth, to start with, to $5.25 and $6.70
To get acquainted with the project, you can read the tokenomics we described here:
By the way, the same idea shows how a few months ago, those who bought in the $3-4 zone could fix x3-4 profits in a few weeks.
Well, we have shared our thoughts, and then everyone thinks and makes decisions on their own ;)
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WBT - Wait For The Bulls ⏰ Analysis #9/50Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
WBT is still sitting inside a strong demand zone so we will be looking for buy setups on lower timeframes.
📉 For the bulls to take over long-term , we need a break above the last major high in orange. (around 4.3)
on H4: Right Chart
WBT is forming a channel in red but it is not ready to go yet.
🏹Trigger => for the bulls to take over, we need a momentum candle close above the upper red trendline and last major high.
Meanwhile, until the buy is activated, WBT can still trade lower till around 3.0 demand zone again.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
WBT - The Bulls Took Over! Video📹Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for WBT .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
🧐WBT | A Coin You Should Have In Your Wallet!🧐WBT | A Coin You Should Have In Your Wallet! +200% Potential Profit!
In this analysis, I have explained the likely scenario for WBT
and why it has a higher chance to rise further in the coming weeks or months.
For more details, you can watch the video analysis!
Thanks and good luck!
WhiteBIT Token WBT price is in buy zone for long-term investmentYesterday, 4/5 of the planned monthly unlocks of WBT coins in the near future took place.
According to the whitepaper, the following unlocks are planned:
- 13.03.23
- 13.11.23
- 13.07.24
- 13.05.25
- 13.03.26
The WBTUSDT price is in the $3-4 buy zone , where we bought the main position for medium- and long-term investments.
We also left two more buy orders in case of volatile fluctuations in the cryptocurrency market. If they work, it will be a nice bonus for us in the long run.
To familiarize yourself with the project, you can read the tokenomics we described here:
By the way, the same idea shows how a few months ago, those who bought in the $3-4 zone were able to record x3-4 profits in a few weeks.
Now we don't expect such rapid growth, as there is still 1 more unlocking of coins ahead. But it's worth remembering that after March 13, there will be no more injections of new WhiteBIT tokens into the market until November 2023. The law of supply and demand has not yet been canceled)
Well, we have shared our thoughts, and then everyone thinks and makes decisions on their own ;)
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WBT - Wait For The Bulls!↗️Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
WBT is still sitting inside a strong demand zone so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
WBT is forming a channel in red but it is not ready to go yet.
🏹Trigger => for the bulls to take over, we need a momentum candle close above the upper red trendline and last major high in gray.
Meanwhile, until the buy is activated, WBT can still trade lower till around 3.0
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
WBT - Wait For The Trigger ↗️Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
WBT is sitting inside a strong demand zone so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
WBT is forming a channel in red but it is not ready to go yet.
🏹Trigger => for the bulls to take over, we need a momentum candle close above the upper red trendline and last major high in gray.
Meanwhile, until the buy is activated, WBT can still trade lower till the lower bound of the demand zone around 3.0
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
WhiteBIT Token WBT price entered to buy zone for long-termIf you woke up today, looked at the charts of cryptocurrencies, and were flooded with thoughts: "Oh, I did not buy at the bottom and missed the growth", then we have good news for you.
Not everything has "shot up" yet, for example, the token of the WhiteBit crypto exchange - WBT
Today 3/5 of the planned coin unlock took place. Probably, someone decided to fix x2 profit after unlocking around $4, because the price on the presale was $1.90, and the price of WBT spilled a little.
But, at the same time, the WBTUSDT price entered the purchase zone of $3-4 , where we think it is an ideal place to buy for medium and long-term investment (of course, if you believe in the project).
To get acquainted with the project, you can read the tokenomics we described here:
By the way, the same idea shows how a few months ago, those who bought in the $3-4 zone, in a few weeks were able to fixed x3-4 profit.
Now we do not expect such rapid growth, because there are still 2 more coins unlocking ahead, which can put a little pressure on the price with increased supply.
But it is worth remembering that after March 13, there will be no more injections of new coins into the market. The law of "supply and demand" has not yet been canceled)
Well, we shared our thoughts, and now everyone thinks and makes decisions on their own ;)
Have a nice and profitable weekend to all of you)
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WBT (WhiteBIT Token) - A Short-Term PerspectiveWBT (WhiteBIT Token) - A Short-Term Perspective
As we can see from the chart, the price has already built up a very solid 4-hour structure at the bottom.
Whenever the price tests 4.030 - 4.05 we can see a bounce
between 3.5% and 5%.
Given that the price is near the bottom, it should rise again.
The minimum price movement of the move is between +3.5% to +5%
In the bigger picture, the price should increase even more as shown below.
Thanks and good luck!
Bigger Picture:
WBT - Wait For The Bulls! ↗️Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
WBT is sitting inside a strong demand zone so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
WBT is forming a double bottom but it is not ready to go yet.
🏹Trigger => for the bulls to take over, we need a momentum candle close below the gray neckline. Then a movement till around the 5.0 resistance would be expected.
Meanwhile, until the buy is activated, WBT can still trade lower till the 3.0 - 4.0 zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Str
WBT - Inside A Demand Zone! ↗️Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
WBT is sitting inside a strong demand zone so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
WBT is forming a double bottom but it is not ready to go yet.
🏹 Trigger => for the bulls to take over, we need a momentum candle close below the gray neckline.
Meanwhile, until the buy is activated, WBT can still trade lower till the 3.0 - 4.0 zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
WBT (WhiteBIT Token): Bullish Accumulation Looks Very HighWBT (WhiteBIT Token): Bullish Accumulation Looks Very High
After the FTX dumped all of the crypto market we can see the market optimism
for the crypto market is very small.
However, these times are also the perfect times for the long-term investment
that sometimes can turn out also as a short-term investment.
WBT is testing a very low area only because of FTX.
On the other hand, we are looking at a very new TOKEN that considering the history
of the other brokers tends to increase too much in price as their volume grows also with the
broker expansion.
Considering that the price is in the same zone as it was before the big FTX mess I guess that
everyone is looking at this potential bullish move now.
Price is in this area doing up and down for a long period of time.
The accumulation looks very high taking into consideration also the actual price zone.
Also on the 4-hour time frame price looks like it is close to the completion of e "Wedge Pattern"
This pattern could push the price higher again.
I think this should be a perfect time, to start, with the first LONG position.
PS: This is my personal decision and is not trading advice at all as it is in line with my long term trading plan
Thank you and Good Luck!
WBT (WhiteBIT Token): The Big Bullish Move Should Come SoonWBT (WhiteBIT Token): The Big Bullish Move Should Come Soon
Since when we saw the big crash in the crypto market because of FTX
many cryptocurrencies are waiting for the next move.
As we can see WBT (WhiteBIT Token) is finally showing a very strong
support zone located near $4.1 - $4.8
Price stopped within this area for nearly 1 month.
Chances are very high that as the market sentiment improves
the price should increase significantly considering that the actual price is very
cheap and the token is very new and it is already listed on three different crypto exchanges.
PS: I will begin to add on the long positions now considering that the market is already reaction.
Please plan your trade and trade your plan...this is my trading plan:)
( it is not financial advice at all)
Targets:
🎯 11.00
🎯 14.00
🎯 18.50 extended target
Thank you and Good Luck!
WBT price accumulation and after can be again growthToday we will talk about the prospects of WBT token
We described in detail about the project, its tokenomics, and growth prospects 3 months ago, those who are interested, we invite you to review
At night unlocked 10,8mln coins. And maybe a large portion of coins bought on the presale at a price below $2 was sold. Naturally, when they began to fix x2 profit and sales began, the price shed.
On the other hand, the WBTUSDT price reached the liquidity zone, where 3 months ago it was "densely" bought before the start of sharp x3-x4 growth.
The next unlock of the same portion of coins is in a month on 13.01.2023.
Given the fact that today on 13.12 the US consumer price index will be updated, and tomorrow on 14.12 the Fed will announce a new US Federal Funds rate (forecast +0.5%), the market will be volatile.
You can safely place orders to buy with a grid in the range of $3.60-4.10 and take a medium or long-term position.
Prospects for growth WBT price in our opinion are not bad - it is $11 and 14 dollars in the context of several months.
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WBT - Approaching A Strong Demand!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
WBT is approaching a strong demand zone so we will be looking for buy setups.
on H1: Right Chart
WBT is forming a channel in red but it is not ready to go yet.
Trigger => for the bulls to take over, we need a new major swing high to form and then a break above it and above the upper red trendline.
Meanwhile, until the buy is activated, WBT can still trade lower till the daily demand zone where we will be looking for new buy setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich