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As more and more people are becoming increasingly interested in trading cryptocurrencies, and with the existence of numerous thriving cryptocurrency exchanges, it is necessary to assist these newcomers in selecting a suitable cryptocurrency exchange. This is the aim of this article. This article is an insightful guide, covering analysis of the top Bitcoin cryptocurrency exchanges in the market presently and is directed to people looking to gain a base knowledge about cryptocurrency exchanges and also for other cryptocurrency enthusiasts. Before we go into the details of the top-ranking cryptocurrency exchanges for trading Bitcoin and altcoins, we need to first understand what a cryptocurrency exchange is. What Is a Bitcoin Cryptocurrency Exchange? A Bitcoin cryptocurrency exchange is an online platform where Bitcoins and other altcoins are bought and sold by matching buyers with sellers. Just like every other commodity, the price of Bitcoin is determined by supply and demand. There are Bitcoin exchanges spread across the globe, which provides support to different users across regions. There are numerous functions carried out by crypto exchanges, however, most of them possess varying functions. Some exchanges approve fiat currency-based transactions while others carry out the only cryptocurrency. Some Bitcoin exchanges are supervised by regulatory bodies while others are not. It is worth mentioning though that a good cryptocurrency exchange should allow for supervision from the authorities to ensure that its users’ funds and information are protected. Some exchanges don’t sell Bitcoins at any cryptocurrency for that matter, rather they create a means for their users to make “bets” on price fluctuations of a cryptocurrency. There is a truckload of Bitcoin exchanges to choose from and this guide will make it easier for the reader to make a decision. Questions to Answer Before Choosing a Bitcoin Exchange 1- Is the exchange affordable? When choosing an exchange, you have to look out for the costs of using that platform. If an exchange charges excessive fees per trade and you just happen to be a frequent trader, it means that you will be spending a whole lot on commission fees and this could eat into your profits. You also need to find out how much is charged for overnight fees, withdrawal fees as well as deposit charges. 2- Is the exchange compliant with regulations? You also have to find out if the exchange you plan on adopting governed by regulatory agencies. The reason for this is to ensure that the exchange is obeying the set rules by the authorities thereby protecting you, the user, from negative market occurrences like hacks, market manipulation and so on. Some of this regulatory body include the CySec and the FCA. 3- Do they have responsive customer service? This is a very important aspect of selecting an exchange. You want to make sure that the exchange you’re using has an active customer care service to assist you in times of uncertainty or confusion. 4- Is the exchange highly liquid? You need to find out if your desired exchange has a constant inflow of liquidity so your transactions can be carried out without much delay. In a situation where liquidity is poor, facilitating transactions will be very problematic which could render the trader stranded 5- Is it available for your location? You need to find an exchange that renders services to your locality. Also, you need to make sure that the exchange remains accessible even in an event where they change location. 6- Is the exchange site trustworthy? Be sure to always look out for indications of authenticity and trustworthiness of the exchange website. 7- Are they offering professional trading on your behalf? It should be noted that any crypto exchange platform that is promising to offer you “professional trading services” for a fee or whatever reason, is a sham and as such should be avoided at all costs. Best Bitcoin Sites for 2019 Now that we know what to look out for before choosing an exchange, let us look at a suitable platform with their features, advantages, and disadvantages. In no particular order, listed below is the 2019 best cryptocurrency exchange/site. CryptoRocket CryptoRocket is an offshore brokerage which is owned by CryptoRocket Limited and is registered and situated at St. Vincent and the Grenadines. This platform uses a MetaTrader 4 trading system and it offers a variety of assets ranging from forex to stocks, cryptocurrencies, indices and a hist of other assets for its users to trade on. The cryptocurrency section offers trades on Bitcoin, Monero, Zcash, Ethereum, Tron and a lot more. Pros and Cons Pros: It offers a great variety of cryptocurrencies and other assets to choose from. It doesn’t require excessive verification procedures. It has a delightful user-friendly interface. It requires zero fees on deposits, withdrawals, and other transactions. Cons: There are no cryptocurrency wallets available on this platform. It has limited payment options. It currently does not operate in a lot of countries including the United States. Binance Binance is a Hong Kong-based cryptocurrency exchange previously situated in China, where they subsequently moved to Japan, Taiwan, and finally Malta in search of a more suitable national regulation. Binance is the largest cryptocurrency trading platform in the world, as regards volume. Binance offers a wide array of cryptocurrencies available for trade including Bitcoin, Ethereum, Tether, and their native coin BNB. Pros and Cons Pros: It doesn’t require excessive verification to trade cryptocurrencies. Just your email will do. It allows cryptocurrency deposits as well as fiat currencies. It offers a great selection of up-to-date cryptocurrencies. Cons: Binance is the most targeted exchange from hackers and phishers. Verification becomes slow when looking for extended limits. Coinbase Coinbase is an American-based fiat-cryptocurrency exchange that accepts US dollars, as well as other specific fiat currencies, in exchange for Bitcoin, Ethereum, Litecoin, Ethereum Classic, Bitcoin Cash, and Ripple. Coinbase is a very sort after crypto exchange because of its wide availability and its user-friendly platform. However, Coinbase is among the most costly Bitcoin exchanges to use. This is a result of the impressive level of investor protection they offer their customers. Pros and Cons Pros: In Coinbase, you own the Bitcoin or the crypto asset you’re buying on the exchange. There is no need to make deposits of funds when you want to buy Bitcoin (for instance those who use credit cards). The Coinbase platform has a user-friendly interface and is easy to understand by newbies. Also, on Coinbase, the fees required for credit card transactions are very low. Cons: The trading fees charged by Coinbase are relatively higher compared to those charged by other top cryptocurrency exchanges. The credit card charges are also relatively high compared to other top exchanges. 24Options 24Options is one of the best trading platforms for Bitcoin and other cryptocurrencies. This platform gained a great deal of fame when they carried out a market strategy that involved supporting and sponsoring a football giant, Juventus. 24Option trades traditional cryptocurrencies as well as CFDs. The platform, which has an impressive user-friendly interface, also trades other assets including stocks, commodities, and forex. 24Option has indicated interest in exploring Cannabis stocks, which is currently a booming sector in the global markets. Pros and Cons Pros: They accept payment methods from electronic wallets, credit and debit cards, as well as bank transfers. They adhere to regulations set by regulatory authorities (CySec, FCA) which ensures the protection of the user, in this case, you, from unfavorable events in the market. The platform allows a minimum deposit of $100 US dollars, making it favorable for those looking to test the platform with a small amount before fully investing in it. Cons: It has different account levels which are very expensive. It is not operational in many countries around the world, including the United States. Coinmama Coinmama is a cryptocurrency exchange that was created as well as became fully operational in early 2013. This exchange is available globally as it provides services to as many as 188 countries. It became popular in 2017 when it was discovered as one of the exchanges with the fastest purchasing processes in trading Bitcoin and other altcoins using a debit or credit card. Pros and cons Pros: It is readily accessible to a wide range of locations. Credit cards, debit cards, and bank transfer payment methods are accepted by this exchange. Coinmama continuously tries to expand the cryptocurrency pairs it offers. Cons: It is a very expensive exchange platform to use. It restricts users from selling back their cryptocurrencies. Bittrex Bittrex is another major American-based cryptocurrency exchange that enables trades on hundreds of altcoins including Bitcoin. Bittrex used to be the lowest charging exchange in the industry with a fee of 0.25 percent per trade until Binance came into play. However, Bittrex is still one of the best options when it comes to routine buying and selling as well as providing access to several “obscure” altcoins. Pros and Cons Pros: Bittrex has a very strong trading selection, and they consistently provide useful updates to the platform to keep abreast of the ever-increasing advancements in Blockchain technology. It charges decent commission rates for executed transactions. Cons: It is quite expensive for customers who trade frequently. Gemini Gemini exchange was founded by the Winklevoss Twins in October 2015. Cameron and Tyler Winklevoss gained their popularity when they sued Mark Zuckerberg over Facebook. Gemini is a very solid crypto exchange that offers cheap fees, advanced order type and a varied selection of altcoin. Gemini is based in New York and is striving to attain the highest level of FinTech licensing that the state can grant. This makes Gemini a sort after platform for both institutional and individual investors to trade Bitcoin and other altcoins. Pros and Cons Pros: Gemini exchange is considered to be affordable for a fiat-inclusive exchange. It offers very trustworthy and secure services. It enables fiat deposits and withdrawals. Gemini is a high volume exchange thereby ensuring that the user transactions/trades can always be carried. Gemini is also easy to use and understand. Cons: There is a limited option for trading altcoins. The platform doesn’t enable mobile support. It doesn’t allow for margin trading. The only fiat currency it accommodates is the US dollar. Bitfinex Bitfinex, founded in 2012, is one of the oldest cryptocurrency exchanges and has its headquarters in Hong Kong. This exchange accounts for a substantial amount of the daily volume of Bitcoin and other altcoins around the globe. Bitfinex offers margin trading and lending across about 263 crypto assets which include crypto-to-crypto pairs and crypto-to-fiat pairs, thanks to its BVI entity. Unfortunately, this exchange is not available to United States citizens. Bitfinex boasts of having one of the strongest user interfaces among crypto exchanges. Though this exchange was involved in the unaudited growth of Tether and other scandals, Bitfinex has mended its ways by avoiding scandalous activities and by providing a high quality of service to its customers. Pros and Cons Pros: It has a complex yet intuitive trading platform. It has a strong selection of cryptocurrency assets including Bitcoin for its users to choose from. Cons: It doesn’t support mobile use. It is unavailable in the United States. Kraken Kraken is a Canadian-based crypto exchange which has a strong selection of altcoins and offers a wide array of trading options. They also offer margin and leverage trade. Kraken seems to be struggling with advancing with market trends, but it still tries to keep up in one way or the other. Even though Kraken struggles with high trading volume on some days, it still functions as it should. The CEO of Kraken, Jesse Powell is advocates the good customer service promised by the platform by being publicly active on social media and responds to inquiries and criticism by customers. Pros and Cons Pros: It provides margin and leverage trading. It has a very strong customer service system. It supports trading of a good selection of crypto assets including Bitcoin. Cons: It has a slow-paced development process. ShapeShift ShapeShift is among an important class of exchanges that instantaneously provides liquidity for crypto-traders without requiring any identification from these traders. ShapeShift has been integrated into a selection of trading wallets for inter-wallet trading. This exchange is concerned about its customers’ convenience and is an exchange that will always be consistent with its services. Pros and Cons: Pros: ShapeShift is a very convenient exchange. It has a strong online presence and is available in popular wallets. Cons: It is costly to utilize. It has liquidity related issues on rare occasions. Changelly Changelly is another exchange that provides instant liquidity for traders on the go. Just like ShapeShift, Changelly’s API brings speedy trading to different wallets as well as other crypto applications. This kind of exchange fills a very important section of the crypto industry. Pros and Cons: Pros: Just like ShapeShift, Changelly is also a very convenient crypto exchange. It is built into popular cryptocurrency applications. Cons: It is equally costly to utilize. It faces occasional liquidity issues. KuCoin KuCoin has been dubbed the Binance clone by some because it offers many of the benefits that come with Binance; discounted fees, cheap trading with proprietary crypto, and it provides a wide selection of assets. Whether this exchange is a Binance copycat or not, it sure provides an excellent trading platform for its users. Pros and Cons Pros: It provides cheap fees to its users. It provides access to a good number of coins as well as “obscure” coins. Cons: It is feared as not adequately regulated. All in all, Binance trumps every other exchange in the aspect of affordability. In Binance, traders are charged a measly 0.10 percent for every by or sell order. This figure is way lower than the industry average. To make it even more unbelievable, Binance offers a 50 percent discount (0.05 percent) for traders using the exchange’s native coin, BNB. Even though other copycat exchanges try to mimic the payment structure of Binance, they never seem to attain better pricing. However, some CFD brokerage like Robinhood offers a zero charge trading fee (0.0 percent), although these companies make their money from spreads and other subtle means. This means that the traders still pay a fee, they just don’t notice it. So What Exactly is a CFD? A CFD (Contracts For Difference) is a category of a cryptocurrency exchange that does not sell any cryptocurrency asset instead, CFD brokerages create a means for users to “bet” on the price of Bitcoin and other altcoins. CFDs are the way to go for traders looking to trade Bitcoin without having to deal with the stress that comes with owning a Bitcoin asset. However, the stakes are higher when it comes to CFDs. It is easier to lose one’s trading capital on a CFD. Only experienced and adept traders are advised to venture into CFD trading. So, if you want to trade the real thing, go with a conventional Bitcoin exchange and not a CFD. Categories of Bitcoin Exchanges There are two distinct categories of Bitcoin exchanges; centralized and decentralized. Simply put, centralized exchanges are exchange platforms that approve the use of fiat currency (US dollars, British Pounds, Japanese Yen) as a means of payment, while decentralized are those that accept only cryptocurrencies as means of payment. Characteristics of Centralized and Decentralized Exchanges Centralized: Centralized exchanges are very compliant with stringent rules and regulations. This exchange also provides a higher level of security to its investors as compared to other exchanges. However, centralized exchanges have a limited range of services that they offer. Decentralized: Unlike centralized exchanges, decentralized exchanges offer a wider variety of services to its customers. Also, they don’t adhere to strict rules and regulations proffered by regulatory bodies. However, this feature leaves it open to several fraudulent activities and renders it susceptible to hacks. Final Thought There are a plethora of cryptocurrency platforms in existence today. Some of these platforms should never be explored because they can leave you susceptible to hacks and fraudulent losses. This guide is intended to be an eye-opener for the reader and to help the reader navigate through cryptocurrency exchange selection. Source: https://cryptoevent.io/news
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Litecoin with a market cap of USD 2.56 billion rocking the fifth rank in the cryptocurrency market. It garners massive popularity from the crypto enthusiasts for its Lightning Network and faster transactions. After 2011, after two years of its launch, Litecoin became exceedingly popular for its faster transaction processing speed and newbie-friendly cryptographic algorithm. This drew the attraction of miners hugely. Later, seeing the skyrocketing demand for Litecoin mining, Bitmain Pvt. Ltd. started designing customized devices for Litecoin mining. AntMiner L3+ is one among them. Also, as the recent SegWit forked in recently, most of the developers tested the Lightning Network with transactions, and thus the new second-layer products have started emerging in the space. AntMiner L3+ is one of the devices among them dedicatedly built for Litecoin (LTC) mining, which became popular due to its brilliant hash rates. In this post, you will learn about the specifications, costs, and a brief review of Bitmain’s AntMiner L3+ device. Now let’s have a hands-on review of the robust mining machine. So… Table of Contents What is AntMiner L3+? AntMiner L3+ is a custom-designed mining hardware for Litecoin mining. It is an ASIC miner used as the hardware component dedicated for mining coins based on SCRYPT algorithm like Litecoin. It contains BM1485, one of the first Litecoin application-specific-integrated-circuit, having an outstanding hashing speed. Inside the AntMiner L3+ kit, you get 288 numbers of such powerful ASIC chips. These chips boost the hash rate and make it more efficient than the previous L3 Litecoin miners on the market. The L3+ version of AntMiner is the upgraded version of Bitmain’s previous AntMiner L3. When it comes to performance and competition, the AntMiner L3+ outperforms the market in every specification— starting from the power usage to the price. The AntMiner L3+ is quite similar to the popular AntMiner S9 in many aspects and have nearly the same size as well. Due to its features like— compact design, definitive size, the efficient cooling system you can use it anywhere— in a mining farm and also in home-apartments. What unique features does AntMiner L3+ offer? The L3+ comes equipped with a powerful AM335x 1GHz ARM® Cortex-A8 microprocessor, a control board by Texas Instruments’ and also have Gigabit Ports that ensures your mined blocks are submitted instantly. It comes covered with a high-grade aluminum case that protects the device from heat and two computer-controlled fast-moving fans to keep it cool. The AntMiner L3+ uses an engineered combination of both conduction and convection— to enhance the cooling capacity. Thus it keeps your Litecoin mining performance to the maximum. Even when working at its maximum capacity, the L3+ creates no more heat than the latest terahash miner for Bitcoin, which is an added perk for you. Along with these, high-grade heat sinks of Aluminium Alloy are installed on every chip of the AntMiner L3+. These have high heat-absorbing capacity. Moreover, two rapid-cool exhaust high-speed fans at the end of the tubes are attached so that the hot air is instantly replaced by gushing the cooler air at the required pace. These features make AntMiner L3+ a powerful miner— engineered for giving maximum power— yet keeping the operating environment cool. What are the things that AntMiner L3+ makes it a perfect choice for you? AntMiner L3+ offer many essential benefits that you probably don’t get with any other miners out there in the market. So, let’s dive into them one by one: Powerful Hash Rate One of the critical features for being the best miner is its hash rate. Before you go and buy, as a miner, the first-ever thing you look for is the rig’s hash rate. Here, AntMiner L3+ has a high-grade hash rate that is 504MH/s. It is almost double the speed when compared to its previous version L3, which was around 255H/s. Electricity Consumption The power consumption mostly varies with the PSU you are using, the ambient operating temperature and the accuracy of the meter measuring power input. Power consumption is another significant factor which decides the profitability of a miner. You have to calculate the energy consumption cost according to the standard electricity rates of the country or location you live. When it comes to L3+ expert analysis shows it consumes around 800W while its previous version L3 used roughly about its half that is 400W. However, since the hash rate also has gone up higher compared to its previous version, the electricity consumption is quite considerable. So, the net efficiency and profit are almost equal for both of the models. Noise Levels Noise too is another crucial factor that you should check for while purchasing a mining rig. If you are mining from your residential apartments, then make sure that the noise created by the AntMiner is not affecting your household activities. AntMiner L3+ generates over 80dB at 4fts which equals to the sound of a food blender that is 88 dB or a freight train at 15 meters at 100%. That means you would not like to hear its noise while watching your favorite TV series. Even at 50%, it produces a sound that is loud to bear for longer durations. So, mostly if you have an isolated, well-ventilated, spacious room at your apartment or probably a mining farm, then it is the right choice for you. Size Whether in a residential apartment or a professional mining farm wherever it may be, size is considered as a major factor to look for in mining hardware. Too bulky machinery takes up much space and are not easy to relocate later. Also, in mining farms, when you want to increase the number of rigs, the compactness of rigs play a significant role. It offers hassle-free relocation, operation, space-efficient networking, The AntMiner L3+ has a dimension of 35 cm x 13 cm x 19 cm, which is compact and a considerable size when you look at its performance. Build Quality For an insider view, it comes with a four-board circuit, with a dual-fan setup, and 59-type case. This design allows for the heat to be moved out quickly and efficiently.Compared to its previous version AntMiner L3 it has doubled its performance by increasing the number of BM1485 ASIC chips from the 144 units in the L3 to 288 in the new L3+.The build quality of the machine is decent as it is made up of solid Aluminum Alloy and its compactness in size makes it more space-friendly. So, ignoring those minor quirks AntMiner L3+ has a stable build quality that ensures your machine will last for a long time. Easy overclocking Though you get an option to overclock the default performance of L3+ chips, overclocking voids the manufacturer warranty. So, think about the risk factors when you want to overclock it.Whether you want to overclock or underclock, whatever you decide to with your clock speeds, the user interface helps to monitor everything at a place. For operating at max. after you overclock, you need an adequate power supply as well. But the downside is…. AntMiner L3+ does not have a plug-in power supply. So, you will need to purchase a PSU (Power Supply Unit) to run it efficiently. It costs minimally around 150-160$ for an excellent built. You can purchase it from the Bitmain official website and also from Amazon. Simple User Interface AntMiner L3+ presents you an easy-to-use user-friendly UI. It is as simple as slicing an apple. Starting from the miner status to controlling the chip info, temperature, and speeds the UI offers you everything at a click. What you all need to do is just explore the interface, enter your wallet address, and configure your mining pool settings to kick-start the mining. You also get an option for future firmware upgrades from Bitmain Developers. Warranty You get a 90-day warranty if you purchase the L3+ from the official website of the Bitmain. However, as per its conditions when you overclock the warranty does not apply anymore.An overview of the specifications: 1. Hash Rate: 504MH/s. A variation of +/- 5% is expected. 2. Power Consumption: 800W +10% (at the wall, 794 during testing) (at the wall, with Bitmain’s APW3 PSU, 93% efficiency, 25°C ambient temperature) 3. Network connection: Ethernet 4. DC Voltage: Input 11.60 ~ 13.00V 5. Chip Type: BM1485 6. Chip quantity: per unit 288 chips on 4 hashing boards 7. Operating temperature: 0°C – 40°C 8. Dimensions: 352mm (l) x 130mm (w) x 187.5mm (h) 9. Humidity: 0 to 95 % What features I liked: 1. Most Powerful miner in the Market of 504 MH/S 2. Minimalistic Power Consumption of Around 800W 3. Easy Setup 4. Gigabit Ethernet support 5. Compact size 6. Good build quality 7. Good after-sale support 8. OEM Warranty What features I didn’t like: 1. Cost and ROI 2. Peak Noise levels Should you buy it? If you look at its features, it makes AntMiner L3+ a good deal for you. After all, its simplistic user interface, ease of access, simplified setup, low-maintenance needs, compactness in size makes it the market winner.The L3+ is highly recommended for you to buy if you want to mine any SCRYPT algo based coins like Litecoin (LTC).But before investing any mining hardware, with the increasing difficulties in mining, you should calculate the ROI. So, how can you calculate the ROI? First, by using a Litecoin profit calculator, you can get an estimated idea of investment costs and returns on investment.Besides the purchase cost, you have to calculate the electricity charges and currency conversion rates in your region. Source: https://cryptoevent.io/news
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BitcoinExchageGuide Coins Update
BitcoinExchangeGuide replied to BitcoinExchangeGuide's topic in Technical Analysis
IOTA trading: IOTA Trends in a Falling Channel, Will Price Break Up? IOTA Price Analysis – April 21 With the current market condition, this cryptocurrency may reverse the trend after reaching a solid support level which may be followed by a break-up. If otherwise, the market could further trend in a channel. As of the time of writing, IOTA is down by 3% with a market cap valuation of $846 million. IOTA/USD Market Key Levels: Resistance levels: $0.33, $0.36 Support levels: $0.28, $0.27 After the April 2 shock-wave, IOTA trading has been following a bearish sentiment. Meanwhile, the sellers have been gaining control ever since. The bearish reverse move is revealed on the 4-hours RSI. For the past seven days now, the price action has been moving between the range of $0.32 and $0.3 price levels. While consolidating, IOTAUSD market is currently indecisive. A surge in volatility is likely to play out. Still respecting a falling channel, a bearish surge could slump price to $0.28 support level and below. On the other hand, a bullish surge is likely to meet resistance levels at $0.33 and above. However, a significant break above the channel could set price on an upward movement. Looking at the RSI, it appeared a slow rise is converging. IOTA/BTC Market As appeared on the medium-term perspective, IOTABTC value has significantly dropped; losing about twenty percent in the past three weeks of trading. Selling pressure is dramatically approaching 5400 SAT support. Following a bearish sentiment, the cryptocurrency has remained within the range of a channel trend. On the 4-hours RSI indicator, the slope move is revealed below the 50 level after the sharp fall in early April. A cross above the 50 level could lead to a bullish move. If such a scenario occurs, the potential resistance level to look for is 6180 SAT and above. Maintaining a trend between the ranges of the channel could further position the market in a bearish scenario. As of now, the 50 level of the RSI remains a defensive line for the bears. Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results. How to buy Bitcoin with Paypal: https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin-paypal Best brokers for 2019: https://insidebitcoins.com/forex-brokers -
BitcoinExchageGuide Coins Update
BitcoinExchangeGuide replied to BitcoinExchangeGuide's topic in Technical Analysis
XRP trading: Still Bearish, Ripple May Bounce Up After Testing a Close Support Ripple (XRP) Price Analysis – April 16Regardless of the current green market, XRPUSD bearish sentiment moves in a descending channel with a slow price action towards close support. XRPBTC, on the other hand, has further fallen in a new direction. Still, XRP market is falling. XRP/USD MarketKey Levels: Resistance levels: $0.35, $0.37, $0.39 Support levels: $0.30, $0.28, $0.26 Looking at the medium-term chart, Ripple appeared bearish as price trades within a descending channel in since early April. While sitting at the lower channel, XRPUSD market has been consolidating for the past five days as a swing high is expected at $0.35 resistance level. A further push above the mentioned resistance may resume XRP on a bullish trend. Meanwhile, a possible swing low could plummet price to $0.3 support and beyond. Evidently, the trend lines are still a defensive line for the bulls and the bears. Viewing the 4-hours RSI, a gradual buying momentum is compounding as it points upward. More importantly, the 4-hours Stochastic RSI pressure nears overbought territory. A slight drop is likely once the indicator reaches the overbought zone. Nevertheless, XRPUSD market is still respecting a descending channel pattern. XRP/BTC Market Ripple, as a hedge, is on a downtrend trend. The massive sell-off in early April has led the sellers to more significant downward movement as price faces 6000 SAT low.The coin’s value is dramatically depreciating as a new low is yet to be established. The bearish scenario is now revealed to be strong; following a new purple line. Since the drop, the 4-hours RSI has positioned trading below the 50 level; currently swinging on the oversold line. A clear breach above the purple trend line could fly price to 6600 SAT resistance and above. The current 4-hours Stochastic RSI faces the oversold zone; showing an ongoing selling pressure. A long position may switch the Oscillator on an upside trend. At the moment, the sellers are gaining control of the market. Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results. How to trade Bitcoin successfully: https://insidebitcoins.com/trading/bitcoin Best cryptos exchanges: https://insidebitcoins.com/cryptocurrency-exchanges -
BitcoinExchageGuide Coins Update
BitcoinExchangeGuide replied to BitcoinExchangeGuide's topic in Technical Analysis
BNB trading: BNB Falls After Posting $20, The Bulls May Resume Rally Binance Coin (BNB) Price Analysis – April 15 For the past two weeks, Binance Coin has been trading below $20.5, the yearly high, following a bearish sentiment. While BNBBTC market consolidates, BNBUSD is actually playing out on a decline as the sellers target next support level. However, a bullish breakout may continue an upward direction. BNB-USD Market Key Levels: Resistance levels: $20, $21 Support levels: $17, $16 BNBUSD performance has been quite impressive since the beginning of the year 2019; recording its all-time high at $20.5 in early April. After the steady drop to $17 area, the bulls increased momentum as price retested the ATH area; carving a descending broadening wedge formation. BNBUSD-4H-Chart-April-15 In the last few hours of trading, the bears appeared to be resuming the rally. A selling pressure is gradually aiming $17 and $16 supports; respecting the trend line. The important RSI is currently facing downward, signaling a bearish play. Reaching the oversold area may position the token at the mentioned price levels. A bullish play is likely to retest $20 resistance level. Surpassing the level may lead to a bullish continuation. BNB-BTC Market Following the market structure, BNBBTC is bearish on a medium-term trend as the price trades within a channel pattern. The fall began slowly after a double-bottom pattern at 0.0044 BTC high, which led the bears to the lower trend line at 0.0033 BTC before the bulls walk to 0.0039 BTC; testing the upper trend line. BNBBTC-4H-Chart-April-15 Since yesterday, the price action has remained below 0.0039 BTC resistance level. A cross above this resistance could poise BNB for an upside trend. A long position could meet resistance at 0.0042 BTC resistance level. On the other hand, a downward move is likely at 0.0034 BTC and 0.0033 supports. As revealed on the 4-hours RSI, the cryptocurrency is trading below the overbought level. Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results. How to buy Bitcoin with Paypal: https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin-paypal Best brokers for 2019: https://insidebitcoins.com/forex-brokers -
BitcoinExchageGuide Coins Update
BitcoinExchangeGuide replied to BitcoinExchangeGuide's topic in Technical Analysis
How to Buy Bitcoin with PayPal in 5 Minutes Last Updated on April 10, 2019 4.6 (91.54%) 26votes The complications with buying Bitcoin with Paypal are well-known : many individuals have sold their bitcoins on Paypal to buyers who have then claimed chargebacks, in essence leaving the seller without their cryptocurrency or funds from the sale. Thankfully, there are many other ways of buying Bitcoin through Paypal nowadays, and to do so on safe, regulated platforms. From our research, we have found eToro to be the best platform for puchasing bitcoin through Paypal. Read on to find the steps you should take to buy Bitcoin on this platform and on more exchanges, all of which will be reviewed in detail in this article. Quick Guide: Buy Bitcoin in 5 Minutes With PayPal Register for an account with a platform like eToro Click on “Deposit” to select the payment options Select the amount to deposit with PayPal ($250 recommended) Once the Payment has been processed, click on “Overview” Press the “Buy” button near the Bitcoin Market Place an Open Trade on Bitcoin You should have Bitcoin in your “Portfolio” now Buy Bitcoin If you still have doubts as to why you should use PayPal to buy Bitcoin, you can compare the best exchanges that offer PayPal as a payment method. Compare You can find out more and compare the brokers and exchanges that offer to Buy or Sell Bitcoin with PayPal in our list below, or you can skip through directly to our step-by-step guides and tutorials Bitcoin(BTC) Price 5,059.44 Market Cap 89,250,542,056 6. Apr8. Apr10. Apr5000520054004800Zoom1d1w1m3m6m1yFromApr 4, 2019ToApr 11, 2019Highcharts.com Source: https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin-paypal Best Forex Brokers 2019 – Forex Trading Platforms Compared Last Updated on April 8, 2019 5 (100%) 1 vote The trading of foreign currencies, or simply ‘Forex’ or ‘FX’, is arguably one the largest investment markets in the world. To illustrate just how big the forex scene has become, it is estimated that the industry is responsible for more than $5 trillion in trading volumes – each and everyday. It is important to note that this trading scene is not just reserved for institutional investors. On the contrary, the forex investment space is utilized by traders of all sizes. Whether you’re looking to trade forex full-time, or for a couple of hours a day, there are now heaps of established trading platforms available to choose from. But with so many platforms to choose from, how do you go about finding the best forex brokers? What should you look for when choosing a FX brokerage service? Read our guide to find out the best forex trading platforms for 2019. Exchange Rating Properties To Buy Experience The Best Choice 12+ Cryptos €200 Min Deposit Accepts PayPal Buy Now eToro is a multi-asset platform that offers CFD and non-CFD products. 76% of retail investor accounts lose money when trading CFDs with this provider. Your investment is at risk and you could lose your money investment. Source: https://insidebitcoins.com/forex-brokers -
BitcoinExchageGuide Coins Update
BitcoinExchangeGuide replied to BitcoinExchangeGuide's topic in Technical Analysis
How to Read Forex Charts Forex markets demonstrate exchanges between different currencies and their prices relative to that exchange. Understanding charts are very important and can be an extremely useful tool in trading Forex. Prior to learning how to read them and how you can use them to make money trading, you should understand what exactly goes on in a forex market chart. Charts Are Relative to a Parameter – Foreign exchange market charts are always relative to a certain parameter. The most basic chart type in Forex, which you’ll also be using the most, is the standard line graph. A line graph houses two axis, the X-Axis, and the Y-Axis. Charts demonstrate something. The most common chart, a line graph, shows the performance of one parameter over the length of a different parameter. The most common chart in Forex trading is the performance of a currency pair over a said period of time. In this case, we can determine the following parameters are used to demonstrate a chart for how the price of a currency pair performs over time. The parameters used in this case are: 1.) The trading pair 2.) The exchange rate (price) of the trading pair, 3.) Length of time the exchange rate of the trading pair has been recorded. In the most standard and most likely used average format of this type of chart, the parameters are used in the following notion; on the Y-Axis, you have a scale that shows the prices that the trading pair has previously obtained. On the X-Axis, you have a start date for where the data recording starts, and then an end date for when the data ends. Let’s look at the above chart of USD/JPY courtesy of DailyFX. At the title of each graph, you will have an overview indication of what it is you’re looking at. In this case, this is the chart for the price of “USD/JPY“, in other words, the amount of USD that can be exchanged for JPY over the period of a year. On the X-Axis you can see the time indications, which are marked by Months (Time). Then as we previously mentioned, on the Y-Axis, we have the price points at which the USD/JPY pair has attained. Now, let’s delve a bit deeper into the graph. The exact price points may simply look like the prices at which USD/JPY has obtained previously, correct? Yes and no. The above chart is one of the most used and probably most important chart type that you’ll come across, called a Candlestick Chart. A candlestick chart is a type of chart that shows the performance of a currency over time through the form of “candlesticks”. Candlesticks are visual representations of price movements of an underlying currency from its open price, close price, as well as its price increase/decrease relative to the price of the currency on the previous close. This might sound confusing at first, but let’s dive in; candlesticks are a concept that can only be learned with practice. A candlestick represents a singular time mark relative to the time preference you’ve set. If you open a “Daily” candlestick chart, each candlestick that you see on the chart will be representative of a “Day” of price movement. Let’s look at a zoomed in version of the USD/JPY chart, which looks like so: Looking at this chart, each candlestick represents a “Day” of price movement for the USD/JPY pair. Each green candlestick means that on this “Day”, the price of USD/JPY closed higher than what it closed on the day before unless we are talking about the most present candlestick on a candlestick chart. In this case, the candle will be green or red depending on whether or not the price on a “Day” opens relative to the previous day. If it opens higher, then in realtime the candle will appear green. The following image, provided by Investopedia, demonstrates the anatomy of a candlestick on a chart. The topmost part of the candlestick indicates the highest price achieved by the pair during the day; the second topmost is which price the pair opened or closed the day at; the body of the candle extends only as far as the fluctuation in price during the day. The bottom of the body indicates the subsequent open or closing, and then finally, the bottommost part of the candle represents the lowest price attained during the trading period. Analyzing these sorts of charts are necessary to get a better grasp for Forex trading but are also extremely necessary for learning how to maneuver any financial market. Learning the functionality and basis of a candlestick chart will be invaluable in your overall trading. The second chart that should be understood is the basic line chart. With (Hopefully) newfound knowledge in Candlestick Charts, understanding basic line charts will be easy. Line charts are primarily useful in Forex trading for a preliminary overview of price action. If there are 4 trading screens open across your trading desk, you may not want to know the exact details associated with price action that candlesticks provide. Sometimes you simply want to know the general direction. Basic line graphs are excellent for that purpose. A line graph displays data in a similar manner as a Candlestick Chart. A basic line graph/chart will overview the price of a certain trading pair over a certain time period. However, it will only ever demonstrate a singular parameter through the chart: which is the close price of the trading pair. Here is the same trading pair we viewed earlier with a candlestick layout, except now replaced with a basic line setup. Here you can see we have a very broad overview instead of exact closes, opens, and daily movements, and sometimes that’s the only thing you want when looking at a trading pair. This chart is extremely simple in terms of composition: on the Y-Axis, we have the price of the range of prices the trading pair has previously attained, and then on the X-Axis we have our variable of time, which is in months for this specific graph. Reading Forex charts is essential, and with this basic understanding, you should have the capability to make very brief and preliminary inferences, such as “This trading pair has been declining in price for over 2 months now”, or “This trading pair dipped down today after increasing for over 3 weeks, maybe now is a good time to trade upward.” Of course, nothing is set in stone; however, comprehending Forex charts will allow you to reach a level of knowledge in trading and analysis that can be very helpful in making profit Source: https://insidebitcoins.com/trading/forex -
BitcoinExchageGuide Coins Update
BitcoinExchangeGuide replied to BitcoinExchangeGuide's topic in Technical Analysis
Ethereum Price Prediction Today: Daily (ETH) Value Forecast – April 4 ETH/USD Medium-term Trend: Bullish Resistance Levels: $240, $250, $260 Support Levels: $150, $140, $130 Yesterday, April 3, the price of Ethereum was in a bullish trend. Yesterday, the bulls reached a high of $173.76 but were resisted. The price retraced and resumed another bullish trend. The bulls tested the $175 price level and were resisted again. The crypto’s price fell to the support of the 26-day EMA. On the upside, if the support of the 12-day EMA holds, the crypto’s price is likely to rise to retest the $175 price level. On the downside, if the bears break below the EMAs, the crypto’s price will continue its downward fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is above the EMAs which indicate that price is in a bullish trend zone. ETH/USD Short-term Trend: Bearish On the 1-hour chart, the crypto's price is in a bearish trend zone. The crypto’s price reached a high of $176.36 but the bulls were resisted and the price fell to the support of the 12-day EMA. The bulls resumed another bullish trend at the support of the 12-day EMA and tested the $180 price level. The price fell to the low at $161 and commenced a range bound movement. Today, the ETH price is trading at $164.21 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: www.bitcoinexchangeguide.com -
BitcoinExchageGuide Coins Update
BitcoinExchangeGuide replied to BitcoinExchangeGuide's topic in Technical Analysis
Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – April 2 BTC/USD Medium-term Trend: Bullish Resistance Levels: $6,800, $6,900, $7,000 Support levels: $4,500, $4,400, $4,300 Yesterday, April 1, the price of Bitcoin was in a bullish trend. The 12-day EMA and the 26-day EMA are trending northward indicating that price is in a bullish trend. Yesterday, the price reached a high of $4149.50 and the bulls were resisted . Today, the BTC price has a price breakout as the bulls broke the $4,200 resistance level. The BTC price is now trading at $4,741.80 as at the time of writing . On the upside, the crypto's price is likely to rise if the price is sustained above the EMAs. However, if the price falls and breaks below the EMAs, the BTC price will resume a downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. BTC/USD Short-term Trend: BullishOn the 1-hour chart, the BTC price is in a bullish trend. The crypto’s price is making a series of higher highs and higher lows. A bullish trend line is drawn to determine the duration of the bullish trend. The bullish trend is ongoing if the trend line is unbroken. However, if a bearish candlestick breaks the trend line and another one closes on the opposite of it; the bullish trend is said to be terminated. Today, the crypto’s price is above the EMAs indicating that price is in a bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research Source: https://bitcoinexchangeguide.com -
BitcoinExchageGuide Coins Update
BitcoinExchangeGuide replied to BitcoinExchangeGuide's topic in Technical Analysis
Litecoin Price Prediction Today: Daily (LTC) Value Forecast – March 28 LTC/USD Medium-term Trend: Bullish Resistance Levels: $66, $68, $70 Support Levels: $40, $38, $36 Yesterday, March 27, the price of Litecoin was in a bullish trend. The crypto’s price had earlier fallen to the bearish trend zone after testing the $62 resistance level. Yesterday, the bulls broke the 12-day EMA and the 26-day EMA as the price reached the bullish trend zone. The price reached a high of $62.37 and the bulls were resisted. The price is retracing and can possibly fall below the EMAs. On the upside, if the price is sustained above the EMAs, the bulls will break the $62 price level. On the downside, the crypto’s price will fall if the bulls fail to break the EMAs. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone. LTC/USD Short-term Trend: Bullish On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The crypto’s price is making a series of higher highs and higher lows. The crypto’s price is trending above the 12-day EMA. On March 27, the bulls reached a high of $62.37 and price retraced and fell below the EMAs. On the downside, if the bearish trend continues, the crypto’s price will fall and find support at the $58 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com -
BitcoinExchageGuide Coins Update
BitcoinExchangeGuide replied to BitcoinExchangeGuide's topic in Technical Analysis
Bitcoin Price Prediction: Long-term (BTC) Value Forecast – March 23 BTC/USD Long-term Trend: Bullish Resistance levels: $7,200, $7,400, $7,600 Support levels: $3,900, $3,800, $3,700 The BTC/USD pair had been in the bullish trend zone in the month of March. On February 23, the bulls tested the $4,200 resistance level but failed to break the level. The BTC price fell as the bears broke the support levels and 12-day EMA. On February 25, the bulls made a pulled back above the 12-day EMA. Since then the crypto’s price had been in the bullish trend zone but trading within a tight range. From February 25 to March 14, the crypto’s price was trading in a tight range. The bulls were unable the break the $4,000 resistance level. On March 15, the bulls broke the $4,000 resistance level but were likely to face the $4,200 resistance level. On the upside, the bulls will break the resistance level if more buyers are introduced at the upper price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com -
BitcoinExchageGuide Coins Update
BitcoinExchangeGuide replied to BitcoinExchangeGuide's topic in Technical Analysis
Ethereum Price Prediction Today: Daily (ETH) Value Forecast – March 20 ETH/USD Medium-term Trend: Ranging Resistance Levels: $240, $250, $260 Support Levels: $140, $130, $120 Yesterday, March 19, the price of Ethereum was in a sideways trend. The crypto’s price was ranging above the $136 price level. Today, the bears broke the 12-day EMA and the 26-day EMA but the bulls’ pullback to continue the range bound movement. On the upside, if the bulls break above the EMAs and the price is sustained, the crypto’s price will face the $140 resistance level. On the downside, if the price continues its fall, the crypto’s price will find support at the $130 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is below the EMAs which indicate that price is in the bearish trend zone. ETH/USD Short-term Trend: BearishOn the 1-hour chart, the crypto's price is in a bearish trend zone. The price of Ethereum has been ranging above the $136 price level in the last 48 hours. Yesterday, the bears broke the EMAs to the low at $136.54 but the bulls made another attempt to break the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: www.bitcoinexchangeguide.com -
BitcoinExchageGuide Coins Update
BitcoinExchangeGuide replied to BitcoinExchangeGuide's topic in Technical Analysis
Litecoin Price Prediction Today: Daily (LTC) Value Forecast – March 18 LTC/USD Medium-term Trend: Bullish Resistance Levels: $66, $68, $70 Support Levels: $40, $38, $36 Last week, the price of Litecoin was in a sideways trend. The price of Litecoin was ranging above the $56 in a range bound movement. The 12-day EMA and the 26-day EMA was trending horizontally indicating the sideways trend. On March 15, the bulls broke the EMAs as the price reached a high of $62.26. The bears made a downward correction to the low of $61.54. Today, the bulls are making another bullish movement to break the $64 resistance level but has fallen again. On the upside, if the bulls break the $64 resistance level and price is sustained above it, the price of Litecoin will reach a high of $70. On the other hand, if the bulls fail to sustain a price above the $64 price level, the crypto’s price will fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone. LTC/USD Short-term Trend: BearishOn the 1-hour chart, the price of Litecoin is in the bullish trend zone. The crypto’s price is making a series of higher highs and higher lows. The LTC price is trading at $62.89 as at the time of writing. A trend line has been drawn to determine the price level and the duration of the trend. If price continues to test the trend line without breaking it, the trend is said to ongoing. Meanwhile,the trend has been terminated as price breaks the trend line. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com -
BitcoinExchageGuide Coins Update
BitcoinExchangeGuide replied to BitcoinExchangeGuide's topic in Technical Analysis
Bitcoin (BTC) Daily Price Forecast – March 14 BTC/USD Medium-term Trend: Ranging Resistance Levels: $6,800, $6,900, $7,000 Support levels: $3,800, $3,700, $3, 600 Yesterday, March 13, the price of Bitcoin was in a sideways trend. The BTC price was ranging above the $3,900 price level. The 12-day EMA and the 26-day EMA also was trending horizontally indicating that the price is in a sideways trend. The crypto’s price is still below the EMAs while in a range bound movement. This indicates that the crypto’s price is likely to fall. On the upside, if the bulls break above the EMAs, the crypto will be in the bullish trend zone. Probably, to retest the $4,000 resistance level. On the other hand, if the bulls fail to break the EMAs, the crypto will continue its downward trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. BTC/USD Short-term Trend: Bearish On the 1-hour chart, the BTC price is in a bearish trend.On March 13, the bulls broke above the EMAs, while the price is making a downward correction. The BTC price is trading at $3,939.0 as at the time of writing. Today, the crypto’s price is below the EMAs indicating that price is in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research Source: https://bitcoinexchangeguide.com -
BitcoinExchageGuide Coins Update
BitcoinExchangeGuide replied to BitcoinExchangeGuide's topic in Technical Analysis
Ethereum (ETH) Long Term Price Forecast- March 9 ETH/USD Long-term Trend: Bullish Resistance Levels: $350, $370, $390 Support Levels: $140, $120, $100 The ETH/USD pair had been in a bullish trend in the last five days. On March 5, the bulls break above the 12-day EMA, the 26-day EMA and it reached a high of $140 price level. In the last four days, the bulls failed to break the $140 resistance level . The crypto’s price on the other hand is making a downward correction. On the upside, the ETH price will rise if the bulls sustain a price above the EMAs. The price of Ethereum is expected to rise to retest the $160 resistance level. The $160 resistance level has remained unbroken since January 2. On the downside, if the bears break below the EMAs during the downward correction, the crypto’s price will be in the bearish trend zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. Source: https://bitcoinexchangeguide.com