Author: rcanessa - Page 23

95% of bitcoin trading volume is concentrated in 4 exchanges

Tether dominates among stablecoins in terms of bitcoin trading volume.
Coinbase remains the leading cryptocurrency exchange for bitcoin in terms of trading volume.

On June 2 Coin Metrics released a report explaining various relevant facts about bitcoin market volumes.

Given the growing institutional interest in bitcoin, Coin Metrics decided to study the subject from the perspective of an institution that considers entering the market, distribution and size of bitcoin volume in various markets. The data expressed in that report was taken from the bitcoin market records in May 2020.

Cex.io Review – Exchange and Cryptocurrency Broker

by rcanessa

Cex.io -It is a company with years of experience in the market. -It allows to easily buy and sell the main cryptocurrencies. -It is located in the United Kingdom. Visit CEX.io Website There are few cryptocurrency exchanges that have managed to remain reliable and stable over time within this market, we have witnessed how even the largest have fallen, … Read more

What is a blockchain fork?

by rcanessa

In software development, a fork is the creation of a project in a different direction from the main or official project from the existing source code. This practice is in common use in open source projects or free software. In blockchain networks, forks are used both to create new projects from a previous one, and to update a project in question.

Blockchain networks are governed by rules encoded in the protocol that allow nodes to validate transaction blocks in the same way and remain in consensus. These rules verify that the structure of the block and the transactions included in it, such as the size of the block (amount of available space) are correct.

Sometimes consensus rules can be modified to add updates or protect the network from attacks, or changed for specific purposes, such as giving birth to a new cryptocurrency. Regardless of the reason for the modification, there are two ways to change the rules: using a soft fork or hard fork.

EUR/USD Bullish Momentum Ends After Collision with Resistance Confluence Zone

by rcanessa

EUR/USD stops at the 1.1000 zone and turns lower. Investor sentiment could determine the pair’s short-term trend in the coming sessions. In this article we present the most important technical levels to consider. The EUR/USD currency pair deepens bearish movements and accumulates two consecutive days of losses since last week after the price was rejected by technical resistance at 1.1000 … Read more

Trading System with RSI Oscillator and ATR Indicator

by rcanessa

This trading strategy is ideal for traders who work full time but want to build a lucrative career as traders in the Forex or other markets, without having to sacrifice time from their work or other activities.

It is a system that uses several well-known and widely used technical indicators, the RSI, the moving averages and the ATR, to generate market entry and exit signals. These indicators are found in all graphical analysis packages on the market.

Difficulty Adjustment After Bitcoin Halving Comes with High Transaction Fees

by rcanessa

Key facts:

The hash rate reduction after halving has congested Bitcoin for the past few days.
On Wednesday May 20 there was a -6% adjustment to the mining difficulty in Bitcoin

One of the first consequences of the third halving in the history of Bitcoin, which occurred just over a week ago, has been the reduction of the hash rate, or accumulated processing power of miners in the BTC network. With that reduction, the network has become congested and, currently, that is clearly reflected in transaction fees that have not been seen for almost a year.

FRAMA Moving Average Indicator For Metatrader 4

by rcanessa

The Fractal Adaptive Moving Average (FRAMA) is a technical indicator developed by John Eulers. It is not as well known as the simple moving average (SMA) and other common types of moving averages, but it does have some interesting features.

This moving average is constructed based on the EMA (Exponential Moving Average) algorithm, in such a way that the smoothing factor is calculated based on the current fractal dimension of the price series. The advantage of FRAMA over other moving averages is that it can follow strong trend movements but at the same time is able to react more slowly in periods of market consolidation.

All types of analysis with moving averages can be used with this indicator. Additionally, the FRAMA moving average can be used in the same trading strategies that traditional moving averages are normally used, including strategies based on moving average crossovers.

The Best Forex Daytrading Strategies II

by rcanessa

In a previous article we explained some basic day trading strategies for Forex and other markets, mainly based on price action.

Continuing with the series on daytrading strategies based exclusively on Price Action (the most common price patterns), we are now going to present another series of strategies based on classic price patterns of technical analysis.

You can access the first article in the series at the following link: The Best Forex Daytrading Strategies I

Risk aversion continues in the markets

by rcanessa

Risk aversion remains the predominant sentiment in the markets, supporting safe havens and affecting risk-related assets. This dynamic is well illustrated by the performance of the euro against the Swiss franc. Following President Trump’s statements yesterday, threatening to withdraw from phase one of the trade agreement with China, the franc reached 1.05038 against the single currency, the highest value in 5 years.

The apprehension around a possible second wave of the coronavirus was already calming the spirits of investors, who, however, had found reasons to be optimistic in partially lifting the blockade in Europe and America; these fears are now compounded by Donald Trump’s latest aggressive tirade toward China, with the markets stating that, in the face of the worst economic contraction since World War II, the reignition of trade tensions between the United States and China is the last thing the world economy needs.

Hackers Demand Cryptocurrencies Not to Reveal Secrets of Donald Trump

by rcanessa

A group of hackers are demanding $42 million in cryptocurrencies or else they will publish sensitive information about the President of the United States, Donald Trump.
The group of hackers known as REvil ransomware stole 1 terabyte in legal secrets from figures in the entertainment industry and has already given some details of their material to demonstrate that their threats are true.
In addition to Trump, names such as Elton John, Robert DeNiro and Madonna are included.

Over the past few months, cryptocurrencies have shown sustained growth. As the price of Bitcoin rises and falls, the number of users who adopt this form of payment or investment is increasing.

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