ByBit, BitMEX
#BTC/USD Take-Profit target 1 ✅
Profit: 91.7431% 📈
Period: 7 Minutes ⏰

​​Do you understand the difference between support and resistance?

The answer to this question is very simple. Supports are the levels which are beneath the current price, while resistance are the levels above. Furthermore, when price goes down through a support level and breaks it, this level becomes a new resistance and vice-versa. In other words, when breaking the level in a bearish direction, price relocates under that level and the old support levels now becomes a new area of resistance.

When a resistance or support zone is broken, it's role is reversed. In other words, once a resistance zone is broken, it becomes support and vice-versa.

Hope you understand this. Stay safe and as always trade smart.

Stay tuned and pin to top our channel.

ByBit, BitMEX
#ETH/USD Take-Profit target 1 ✅
Profit: 137.2549% 📈
Period: 2 Hours 53 Minutes ⏰

​​24 hours left to enjoy 50% off on the Pro package.

Hurry up guys

​​What are Algorithmic Stablecoins🤔🤔

Seigniorage or Algorithmic StableCoins is the stable coins that are designed to Expand or Contract their supply according to the Demand & Supply of the market.
Before getting into Algo Stablecoins, let's understand what are stablecoins in short,

Stablecoins are acting the same as a fiat currency in Crypto Space, you can say it a Fiat Currency of Crypto Space in Digital Form. These coins are generally backed by the Fiat Currency of the particular country like (USDT by Dollars) or other Cryptocurrencies or Some Precious Metals.

USDT (Tether) is one of the most popular Stablecoin in #Crypto Space, One unit of a #Stablecoin equals $1.

Algo-StableCoins method uses ‘Smart Contracts’ that automatically expand and contract the supply using algorithms to maintain value.

Said StableCoin has a $1 value. The price drops to $0.80, indicating the supply of StableCoins is higher than the demand. The algorithm uses seigniorage to buy ‘said’ StableCoin, thereby decreasing supply and pushing the price back to $1.

Users are essentially investing in the coins. When said StableCoin trades above $1, the algorithm issues additional tokens increasing supply until the price returns to $1.

test

​​#BTC.D Possible pump incoming in short term: Altcoins in danger?

Altseason is not coming yet!
This is why: BTC Dominance failed to break the support line in 4H chart. It bounced back to 69.27 from 68.48. BTC.D is most likely to form an upward trend, hit the resistance, and then get rejected or if it breaks the resistance then BTC.D may possibly reach 80.

#BTC
Binance has some supply here. Around 2k BTC in sell wall placed, lets see how strong apes are this time

ByBit, BitMEX
#ETH/USD Take-Profit target 2 ✅
Profit: 180.1471% 📈
Period: 1 Days 13 Hours 38 Minutes ⏰

❕System Update COMPLETED ❕

✅ All trading activity is running now - and you can reactivate Cornix autotrading.
✅ Binance Futures issues is now fixed*

🔰 New signals posting will be divided in two groups (each BTC / ETH signal will posted twice [x2]).

🔹 Group 1: BitMex, Bybit, Deribit
🔹 Group 2: Binance Futures*

Why two groups ❔
🔘 Because of the way the Futures handles cross leverage (and the fact that the BTC/USD is universal between Bybit/Bitmex/Deribit, but for futures it will be BTC/USDT)

So, Cornix will only parse your exchange and not the the other ones, we'll have more messages but this is the only solution we have to get Binance working too.

🔰 Spot trading is scheduled too, I need to check the last few things and Voilà. Stay tuned 🔈

Sorry for the inconvenience - and Happy trading.

ByBit
#ETH/USD Take-Profit target 3 ✅
Profit: 223.0392% 📈
Period: 1 Days 19 Hours 4 Minutes ⏰

The first actively managed crypto ETP, the BTCA was launched in Switzerland last July.

via CoinDesk https://bit.ly/3s1h4aZ