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What Are NFT Tokens And How Do I Get It?NFT is a new round of the DeFi trend. Some yield farming sites began to add not only the mining of ordinary tokens but also collectible (NFT) tokens. The main difference between NFT tokens and regular ones is that they are not fungible. For example, fiat currencies are fungible because each unit is equivalent. The ten-dollar bill can be replaced with any other original ten-dollar bill. NFT tokens are unique, they can serve as collectibles, tokenized assets, etc. Previously, NFT tokens were used in games. Now they have appeared on the yield farming protocols. You can combine not only the farming of platform tokens but also mine unique NFT tokens that can be exchanged or sold in various markets. Remember that decentralized finance is only at an early stage of development right now. Best regards EXCAVO
FTX:DEFIPERP
by EXCAVO
2
Bearish Reversal Candlesticks PatternsHanging man The hanging man is the bearish equivalent of a hammer (bullish pattern). It typically forms at the end of an uptrend with a tiny body and a long lower wick. The lower wick designates that there was a large sell-off, but bulls headed to take back control and drive the price up. Holding that in mind, after a lengthened uptrend, the sell-off may act as a warning that the bulls might soon be losing control of the market. Shooting star The shooting star is a comparable pattern as the inverted hammer (bullish pattern) but is formed at the end of an uptrend. The shooting star is composed of a candlestick with a long upper wick, little or no lower wick, and a small body, ideally near the low. It indicates that the market reached a high, but then sellers took control and drove the price back down. Three black crows The bearish equivalent of three white soldiers (bullish pattern). The three black crows are made of three sequential red candlesticks that open within the previous candle’s body, and close at a level below the previous candle’s low. Ideally, these candlesticks shouldn’t have long higher wicks, betokening continuous selling pressure pushing the price down. The dimension of the candles and the length of the wicks can be used to estimate the chances of continuation. Bearish harami The bearish harami is a long green candle followed by a small red candle with a body that’s completely contained within the body of the previous candle. The bearish harami can unfold over two or more days, marks at the end of a downtrend, and may symbolize that buying pressure is decreasing. Dark cloud cover The dark cloud cover pattern consists of a red candle that opens above the close of the previous green candle but then closes below the midpoint of that candle. It can often be co-occurred by high volume, indicating that momentum might be shifting from the upside to the downside. Traders might wait for a third red candle for confirmation of the pattern. Best regards EXCAVO
Education
by EXCAVO
10
USDCAD, price breaking above resistance, +100 pips buy tradePlease Support this Idea with LIKE if it is Useful.... USDCAD price is attempting to break above resistance structure and also above descending trendline, if price manages to break above resistance cluster and holds above the structure, I expect the price to move higher. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
Long
by Stargazer_fx
3
BITCOIN, Bulls break above long term resistance, what next??Please Support this Idea with LIKE if it is Useful.... BITCOIN price made a strong break above long term resistance, and after forming bullish H&S pattern price made breakout and retest of the neckline and price started to grow, after price makes a retest of the structure and holds above the structure, I expect the price to move higher. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
BITSTAMP:BTCUSDLong
by Stargazer_fx
35
Trend Continuation Candlesticks PatternsTrend Continuation Candlesticks Patterns There are countless candlestick patterns that traders can use to identify areas of interest on a chart. These can be used for day trading, swing trading, and even longer-term position trading. Rising three methods This pattern occurs in an uptrend, where three consecutive red candles with small bodies are attended by the continuation of the uptrend. Ideally, the red candles shouldn’t breach the area of the previous candlestick. The continuation is confirmed with a green candle with a large body, symbolizing that bulls are back in control of the trend’s direction. Falling three methods The inverse of rising three methods, indicating the continuation of a downtrend instead. It’s relevant to note that candlestick patterns aren’t fundamentally a buy or sell signal by themselves. They are rather a way to look at market structure and a potential indication of upcoming opportunities. My dear friends, the sooner this publication gets 300 likes, the earlier I will make the next education post about other candlesticks patterns. Best regards EXCAVO
Education
by EXCAVO
11
EURUSD moving in an ascending channel, Buy analysisPlease Support this Idea with LIKE if it is Useful.... EURUSD price is moving in an ascending channel, after reaching the lower trendline of the channel if price holds above the structure , I expect the price to move higher Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
Long
by Stargazer_fx
2
21.10.2020 - Bitcoin dominance (BTC)Hi Traders! Why does Bitcoin grow and other altcoins not? Why don't small altcoins grow against Bitcoin despite the growth of Bitcoin? Find out more in today's analysis. Today we analyze the dominance of Bitcoin, which is absolutely key for traders. What is it actually telling us? Currently, Bitcoin dominance is at 61.71%, which means that up to 61.71% of all money in cryptocurrencies is in Bitcoin. The rest is allocated in other cryptocurrencies. It is, therefore, logical that if the dominance increases from the current 61% to 70%, for example, then the money is transferred from altcoins to Bitcoin (another option would be the influx of new money into alts, which is not currently happening). Conversely, if dominance declines, money is shifting more from Bitcoin to altcoins. Let's look at the chart. As we can see in the summer the dominance decreased. If we mention the summer months, this is exactly what caused the huge pumps and growth in the DeFi sector, for example. Likewise, as the market grew, so did altcoins. In recent weeks, the situation has been the opposite. Bitcoin increases and altcoins stagnate or decrease. However, technical analysis can also be applied to this chart, and this graph is the absolute key to trading altcoins. There is a need to "catch" cycles when dominance decreases, as this is the period when altcoins are stronger and grow. Currently, we have reached a very strong resistance, on which the trendline of the channel, MA21, and point resistance is at the level of 62.87%. RSI still holds the trendline. So we expect a minor rejection soon. After a few weeks of hard trading, better times could come. May the crypto be with you!
CRYPTOCAP:BTC.D
by DolleroTechnology
2
The Narrative for Passive Index Investing - DeFi vs CryptoIn today's post I’m going to discuss passive index investing and list out why I see it as one of the best ways to gain exposure to sectors within crypto as well as crypto as an emerging asset class. Active investing requires a hands-on-approach, typically executed by a portfolio manager of a fund, although, within the cryptocurrency space, it's more likely an individual. To execute this strategy, you have to be confident in each position you hold, maintaining a deep understanding of each investment and the overall sectors you have exposure to. For those managers that can accomplish this, the rewards are lucrative with returns that outpace the benchmark indices. However, it is often difficult to maintain these excess returns over a long period of time due to several factors. The first is assets under management. As successful managers attract additional capital their funds can become too large to deploy into the existing strategies that brought them excess returns. As a result, fund managers are forced into more liquid underlyings which tend to make up large parts of the benchmark index and thus the funds performance converges with that of the index. The second factor is the fund manager. Successful fund managers are sought after and often poached away by other funds offering illustrious compensation packages. Naturally, due to the scarcity of such a skillset the funds performance typically suffers, losing its excess returns, after the departure of a successful manager. The third factor is the use of leverage. Leverage can exacerbate returns in good times but can equally destroy value in bad times. This creates a larger variance of returns, increasing the portfolio’s standard deviation and reducing the risk adjusted return. This thesis has largely proven to be true over recent history with actively managed large cap funds continuing to lag behind the S&P 500 for the ninth consecutive year. In fact, the longer the time horizon, the fewer funds that have outperformed the S&P 500, with only 8% of large cap actively managed funds beating the index. Passive investing involves a longer-term investment strategy that looks to increase returns by minimizing active buying and selling on a day-to-day basis. In traditional finance, passive investing is very popular with 18% of total equity exposure represented by index-type products. Passive index investing solves the problem of not knowing which investments are the right ones to choose. This is particularly useful when viewed through the lens of decentralized finance ‘Defi’ or any other crypto asset sector. Chiefly, this is due to the rate of innovation that exists in the cryptocurrency landscape. For example, the recent Defi sector expansion brought a slurry of projects to the market of varying quality. It would require a full time commitment to ensure investment into only the best projects whilst avoiding the many scams and contract vulnerabilities. Continuing with the Defi example, a non-passive approach would have to consider what the top Defi projects will be in 5 years time? Will they be the same projects I see today or will new entrants come to the market? Ultimately, no one knows and through passive investing institutional or individual investors don't really need to care either. With an index tracking the 'Top 10 Defi Projects' by market cap will guarantee ownership of those top 10 projects in 5 years time; represented with one single token which can be redeemed or exchanged on the open market. If you, the investor, have a long-term view on decentralized exchanges or believe crypto-insurance will play a bigger role within the cryptocurrency space as it continually grows. Then investing into an index product might be the most efficient method of gaining exposure. It provides easy access to sectors without having to purchase all underlying assets individually, and offers exposure to an asset class without requiring deep technical knowledge. At this early stage in the development, decentralized indexes will disrupt traditional finance. Building this upon a Web 3.0 infrastructure. Ultimately, index technology hasn't changed since its inception in 1975. If you look at traditional crypto exchanges, they suffer from having to list all the individual assets, with a crypto index maintained by the exchange, they wouldn’t have to go through this laborious procedure. I believe as time goes on, this will be a growing trend. In summary, for investors with long time horizons, seeking access to a sector or asset class, an index remains the best vehicle for obtaining, expressing, and managing that outlook. Someone I’m following in the space is PhutureDAO, they provide a range of benchmark, programmatic indexes with real underlying assets, auto rebalancing functionality, and a non-custodial architecture. Essentially, the closest comparison would be a user first, Vanguard type Index provider, built upon a Web 3.0 foundation. Open for all to build upon. Through their platform they provide the facilities for investing into a range of benchmark indexes. More importantly, they empower you to create your own index that others can invest into; allowing for the creation and dissemination of your own investment strategy. With this model, indices will always iterate with the fast pace of innovation in the cryptocurrency ecosystem ensuring a plethora of investment vehicles. Whilst, index creators can benefit from investor interest in the latest cryptocurrency segments/sectors. Best regards EXCAVO
by EXCAVO
5
AUDUSD forming a bullish wedge structure, growth expectedPlease Support this Idea with LIKE if it is Useful.... AUDUSD price is forming a bullish wedge shaped structure, If price manages to break above the wedge shaped structure and hold above the structure , I expect the price to move higher Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
Long
by Stargazer_fx
6
EURGBP, wait for breakout & Retest of trendline to BUY..Please Support this Idea with LIKE if it is Useful.... EURGBP price is following a descending trendline ,If price makes a breakout of the trendline then after a pullback If price continue to hold above the structure, I expect the price to move higher Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
Long
by Stargazer_fx
2
EURUSD, price close to support structure, Buy analysisPlease Support this Idea with LIKE if it is Useful.... EURUSD price is close to support structure, If price holds above the support and breaks above the narrowing structure then after a pullback If price gives any bullish signal ,I expect the price to grow. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
Long
by Stargazer_fx
5
BTCUSD, price moving in an ascending channel, where to BUY??Please Support this Idea with LIKE if it is Useful.... BTCUSD price is moving in an ascending channel, price rejected after touching the upper trendline of the channel & price bounced everytime after touching the lower trendline of the channel, after reaching the lower trendline If price continue to hold above the structure and starts to grow from the channel's trendline, I expect the price to move higher For Entry: Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to Buy.. Trade it with proper Sl.. In case price breaks below the level then we can look for sell opportunity.. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
BITSTAMP:BTCUSDLong
by Stargazer_fx
18
What is the Wyckoff Method? #2 Distribution SchematicDistribution Schematic In essence, the Distribution Schematics works in the opposite way of the Accumulation, but with slightly different terminology. Wyckoff method distribution schematic Phase A The first phase occurs when an established uptrend starts to slow down due to decreasing demand. The Preliminary Supply (PSY) suggests that the selling force is showing up, although still not strong enough to stop the upward movement. The Buying Climax (BC) is then formed by an intense buying activity. This is usually caused by inexperienced traders that buy out of emotions. Next, the strong move up causes an Automatic Reaction (AR), as the excessive demand is absorbed by the market makers. In other words, the Composite Man starts distributing his holdings to the late buyers. The Secondary Test (ST) occurs when the market revisits the BC region, often forming a lower high. Phase B Phase B of a Distribution acts as the consolidation zone (Cause) that precedes a downtrend (Effect). During this phase, the Composite Man gradually sells his assets, absorbing and weakening market demand. Usually, the upper and lower bands of the trading range are tested multiple times, which may include short-term bear and bull traps. Sometimes, the market will move above the resistance level created by the BC, resulting in an ST that can also be called an Upthrust (UT). Phase C In some cases, the market will present one last bull trap after the consolidation period. It’s called UTAD or Upthrust After Distribution. It is, basically, the opposite of an Accumulation Spring. Phase D The Phase D of a Distribution is pretty much a mirror image of the Accumulation one. It usually has a Last Point of Supply (LPSY) in the middle of the range, creating a lower high. From this point, new LPSYs is created - either around or below the support zone. An evident Sign of Weakness (SOW) appears when the market breaks below the support lines. Phase E The last stage of a Distribution marks the beginning of a downtrend, with an evident break below the trading range, caused by a strong dominance of supply over demand. Outcome: Naturally, the market doesn’t always follow these models accurately. In practice, the Accumulation and Distribution Schematics can occur in varying ways. There may be delays in some phases. Still, Wyckoff’s work offers a wide range of reliable techniques, which are based on his many theories and principles. It is certainly much more than a TA indicator. In essence, the Wyckoff Method allows investors to make more logical decisions rather than acting out of emotions. The extensive work of Wyckoff provides traders and investors a series of tools for reducing risks and increasing their chances of success. Still, there is no foolproof technique when it comes to investing. One should always be wary of the risks. Best regards EXCAVO
BEducation
by EXCAVO
18