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cryptosignals09 · 1 year

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Best Crypto Signals on Telegram: A Comprehensive Review and Comparison

Introduction

Cryptocurrency trading is a fast-paced industry where staying ahead of the curve is essential to maximize profits. One powerful tool that has gained immense popularity among traders is crypto signals on Telegram. These signals act as valuable guides, providing real-time insights and analysis to help traders make well-informed decisions.

As the demand for reliable crypto signals surges, Telegram channels have emerged as a preferred platform for delivering these valuable market indicators. This comprehensive review and comparison delve into the best crypto signals Telegram channels available, equipping you with the knowledge to make strategic choices for your trading journey.

Whether you're a seasoned trader seeking an edge or a newcomer looking to enter the exciting world of cryptocurrency, finding the right Telegram channels with accurate and trustworthy signals is paramount. Join us on this insightful exploration as we uncover the top Telegram channels that offer the best crypto signals, empowering you to make the most of your trading endeavors.

What are Crypto Signals

Crypto signals are valuable indicators and alerts that provide traders with real-time insights into the cryptocurrency market. These signals are generated by experienced analysts and experts who leverage various technical and fundamental analysis techniques to identify potential trading opportunities.

Telegram channels have become a popular platform for delivering crypto signals due to their instant and secure nature. These channels act as a bridge between signal providers and traders, enabling the timely dissemination of valuable information. By subscribing to reputable crypto signals Telegram channels, traders gain access to crucial data such as buy/sell signals, price targets, stop-loss levels, and market analysis.

The primary objective of crypto signals is to assist traders in making informed decisions by providing them with a clearer understanding of market trends, entry and exit points, and potential profit opportunities. By leveraging the expertise of signal providers, traders can significantly enhance their trading strategies and improve their overall success rate.

Importance of Choosing the Best Crypto Signals

Making informed and timely decisions is the key to success in this ever-changing market, and reliable crypto signals on Telegram play a crucial role in achieving this objective.

Accuracy and Timeliness

Reduced Risk and Better Risk Management

Expert Analysis and Insights

Diverse Trading Strategies

Community Engagement and Feedback

Stay Informed and Adapt to Market Changes

Time-Saving and Convenient

The accuracy, insights, and risk management assistance offered by these signals can significantly impact your trading outcomes.

Top 5 Best Crypto Signals Telegram Channels

1 Universal Crypto Signals

Join Universal Crypto Signals on Telegram for reliable and accurate crypto trading signals. Gain an edge with their Altcoin and Margin/Leveraged trading signals on top exchanges like Binance, Bittrex, Bitmex, and more.

2 Jacob Crypto Bury

Explore Jacob Crypto Bury's Telegram group with over 12k members, offering valuable insights and signals for crypto traders. Engage with a vibrant community and access specialized channels for signals, charts, news, and more.

3 CryptoSignals.org

Discover CryptoSignals.org on Telegram, a group of seasoned traders providing cryptocurrency trading signals and market research. Make informed decisions with entry and exit points, take-profit and stop-loss targets, and risk-reward ratios.

4 Dash 2 Trade

Enhance your crypto trading with Dash 2 Trade's high-level analytics and real-time tips on Telegram. Benefit from technical indicators, on-chain analysis, and more to identify profitable opportunities and make informed decisions.

5 Learn 2 Trade Algorithm

Unlock the power of Learn 2 Trade Algorithm on Telegram, offering crypto trading signals combined with automated bots. Get indications for intraday positions through a sophisticated system and a private Telegram channel.

As you explore these top 5 Telegram channels, remember that each one offers its unique strengths and advantages. Be sure to assess their offerings in line with your trading preferences and goals to unlock the full potential of these exceptional crypto signals sources.

Tips for Making the Most of Crypto Signals on Telegram

Diversify Your Signal Sources: Consider subscribing to multiple reputable crypto signal channels on Telegram. Diversification helps you access a broader range of insights and enhances your decision-making process.

Do Your Own Research (DYOR): While signals are valuable, always conduct thorough research before executing trades. Verify the signal's alignment with your own analysis to ensure it aligns with your trading strategy.

Practice Risk Management: Set appropriate stop-loss levels and manage your capital wisely. Don't invest more than you can afford to lose, and avoid chasing risky signals without a proper risk management plan.

Engage with the Community: Participate in discussions within Telegram signal groups. Sharing insights and experiences with fellow traders can provide valuable perspectives and enhance your trading knowledge.

Track Signal Performance: Keep a record of signal performance to assess the accuracy and effectiveness of various channels. This allows you to identify the most reliable sources and make informed adjustments.

Stay Informed About Market News: Be aware of significant events and news impacting the cryptocurrency market. Market-moving news can influence signals, and staying informed helps you interpret signals better.

Avoid FOMO (Fear of Missing Out): Don't rush into trades solely based on hype. Exercise patience and discipline, and only execute trades when you are confident in your analysis and the signals received.

Adapt to Changing Market Conditions: Cryptocurrency markets are dynamic. Be flexible in your trading strategies and adapt to changing market conditions based on the signals and market analysis.

Understand Signal Timeframes: Different signals may cater to various timeframes, such as day trading or long-term investing. Ensure you understand the timeframe of the signal to align with your trading preferences.

Start with a Demo Account: If you are new to crypto trading, consider using a demo account first. This allows you to practice trading with virtual funds and familiarize yourself with signal execution without risking real money.

By following these tips, you can optimize your use of crypto signals on Telegram and enhance your trading performance.

Conclusion

By choosing reliable sources such as Universal Crypto Signals, Jacob Crypto Bury, CryptoSignals.org, Dash 2 Trade, and Learn 2 Trade Algorithm, you gain access to expert insights and timely alerts that can enhance your trading strategy. Engaging with their vibrant communities and staying informed about market dynamics can further empower you in making well-informed decisions. However, it's essential to remember that crypto trading carries inherent risks, and no signal can guarantee profits. Always exercise prudence, conduct your research, and implement effective risk management strategies.

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ai360soft · 1 year

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Where Can I Paper Trade Cryptocurrency? Cryptocurrency trading can be a lucrative investment, but it can also be risky for beginners. One way to practice trading cryptocurrency without risking real money is through paper trading, also known as virtual or demo trading. In this article, we will explore some of the options for paper trading cryptocurrency. Introduction to Paper Trading Paper trading involves practicing trading without risking real money. It is a common practice in traditional financial markets, and it has become increasingly popular in the cryptocurrency industry. Paper trading allows traders to test their trading strategies and get a feel for the market without risking their own capital. Benefits of Paper Trading Cryptocurrency Paper trading cryptocurrency has several benefits, including: Learning how to trade: Paper trading allows beginners to learn how to trade cryptocurrencies without risking real money. It is an excellent way to familiarize oneself with the mechanics of trading, such as chart analysis, order placement, and risk management. Testing trading strategies: Paper trading allows traders to test their trading strategies and get a feel for the market without risking their own capital. It provides an opportunity to test different trading approaches, such as day trading, swing trading, or long-term investing. Building confidence: Paper trading can help traders build confidence in their trading abilities before risking real money in the market. It allows them to practice executing trades and managing risk in a simulated environment. Virtual Crypto Trading Platforms Several platforms offer virtual crypto trading, including: Coinbase: Coinbase is a popular cryptocurrency exchange that offers a paper trading feature. Users can create a demo account and practice trading cryptocurrencies without risking real money. The platform supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. Binance: Binance is a leading cryptocurrency exchange that also offers a paper trading feature. Users can create a virtual account and practice trading cryptocurrencies with virtual funds. The platform offers advanced trading features, such as margin trading and futures contracts. BitMEX: BitMEX is a derivatives trading platform that offers a testnet, where users can practice trading cryptocurrencies with virtual funds. The platform is designed for professional traders and offers advanced trading features, such as leveraged trading and options contracts. eToro: eToro is a social trading platform that allows users to copy the trades of other traders. The platform also offers a virtual trading feature, where users can practice trading cryptocurrencies without risking real money. It supports a variety of cryptocurrencies, stocks, and other financial instruments. Crypto Demo Accounts In addition to virtual crypto trading platforms, some exchanges offer demo accounts. These are accounts that allow users to practice trading cryptocurrencies without risking real money. Some exchanges that offer demo accounts include: Kraken: Kraken is a leading cryptocurrency exchange that offers a demo account feature. Users can create a demo account and practice trading cryptocurrencies without risking real money. The platform supports a variety of cryptocurrencies, including Bitcoin, Ethereum, and Ripple. CEX.IO: CEX.IO is a cryptocurrency exchange that offers a demo account feature. Users can practice trading cryptocurrencies with virtual funds. The platform supports a variety of cryptocurrencies, including Bitcoin, Ethereum, and Bitcoin Cash. Bitfinex: Bitfinex is a cryptocurrency exchange that offers a demo account feature. Users can practice trading cryptocurrencies without risking real money. The platform supports a variety of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. How to Paper Trade Cryptocurrency Before starting paper trading cryptocurrency, there are a few things you should keep in mind:

Set realistic goals: Set achievable goals and focus on learning rather than making profits. Remember that paper trading is a simulation, and the results may not reflect actual market conditions. Develop a trading strategy: Develop a trading strategy and test it thoroughly before implementing it in real trading. A good trading strategy should include risk management techniques, such as stop-loss orders and position sizing. Keep a trading journal: Keep a record of your paper trading activities, including your trades, strategies, and results. This will help you identify areas for improvement and refine your trading approach. Learn from mistakes: Treat paper trading as a learning opportunity. Analyze your mistakes and make adjustments to your strategy to avoid making the same errors in the future. Conclusion Paper trading cryptocurrency is an excellent way to practice trading without risking real money. There are several platforms and exchanges that offer virtual trading accounts or demo accounts, and choosing the right one depends on your preferences and needs. When paper trading, it is essential to set realistic goals, develop a trading strategy, keep a trading journal, and learn from mistakes. With these tips, you can practice trading cryptocurrency and gain confidence before investing real money in the market.

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bitmex-official · 6 years

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Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed on a blockchain without any possibility of downtime, censorship, fraud or third party interference. The project is developed by the Ethereum Foundation. The Ethereum currency is denominated by the currency code ETH and is commonly referred to as Ether. Further information about ETH and the Ethereum Project can be found here. BitMEX currently offers two types of ETH derivative products for traders. The first is in the form of an Ether / Bitcoin (ETH/XBT) Futures Contract and the second is in the form of an Ether / USD (ETH/USD) Perpetual Contract. Futures Contracts How Are ETHXBT Futures Quoted? Margin and Leverage Settlement ETHXBT Futures Contract Example Perpetual Contracts How Is The ETHUSD Perpetual Contract Quoted Margin and Leverage Settlement ETHUSD Perpetual Contract Example Trade Inception Trade Expiry Futures Contracts On BitMEX, the ETH Futures Contract allows traders to speculate on the future value of the Ether / Bitcoin (ETH/XBT) exchange rate. Traders need not have Ether to trade the futures contract as it only requires Bitcoin as margin. How Are ETHXBT Futures Quoted? The ETH futures’ underlying is the ETH/XBT exchange rate on Poloniex, Kraken and Binance as recorded in the .BETHXBT Index. The futures are quoted in Bitcoin and all margin and PNL calculations are denominated in Bitcoin. Contract Calculations Multiplier 1 XBT Contract Value Multiplier * Futures Price * 1 ETH USD Contract Value XBT Contract Value * XBTUSD PnL Calculation # Contracts * Multiplier * (Exit Price - Entry Price) Traders who think that the price of ETH will rise will buy the futures contract. Conversely, traders who believe the price will drop will sell the futures contract. Margin and Leverage All margin is posted in Bitcoin, that means traders can go long or short this contract using only Bitcoin. The ETH futures contracts feature a leverage of up to 50x. For example, to buy 50 Bitcoin worth of contracts, you will only require 1 Bitcoin of Initial Margin. Settlement The ETH futures contracts settle on the .BETHXBT30M Index Price. Settlement will occur on the last Friday of the Settlement Month. ETHXBT Futures Contract Example A trader wants to goes long 10 XBT of ETH futures contracts. ETHU18 (the ETH futures contract expiring in September 2018) trades at 0.0500 XBT. As the leverage is 50x, the trader only needs 0.2 XBT of margin for this trade. The trader must buy 200 contracts: 10 XBT / (0.0500 XBT * 1). A few days later, the price rises to 0.0550 XBT and the trader sells all their contracts. The trader’s profit will be: 200 * 1 * (0.0550 - 0.0500) = 1 XBT Perpetual Contracts Currently BitMEX only accepts Bitcoin as collateral. That that means margin, profit, and loss must be paid or received in Bitcoin. However, through the use of financial engineering, BitMEX can give users exposure to any underlying price using a derivative called a Quanto. A Bitcoin Quanto ETH/USD contract has a fixed Bitcoin multiplier regardless of the USD price of ETH. This allows the trader to go long or short the ETH/USD exchange rate without ever touching ETH or USD. The trader will post margin in Bitcoin, and make or lose Bitcoin as the ETH/USD exchange rate changes. How Is The ETHUSD Perpetual Contract Quoted Contract Calculations Bitcoin Multiplier per 1 USD 0.000001 XBT XBT Value ETHUSD Price * Bitcoin Multiplier USD Value XBT Value * .BXBT Spot Price ETH Value XBT Value / .ETHXBT Spot Price Bitcoin PNL Calculation (ETHUSD Exit Price - ETHUSD Entry Price) * Bitcoin Multiplier * # Contracts Margin and Leverage All margin is posted in Bitcoin, that means traders can go long or short this contract using only Bitcoin. The ETHUSD Perpetual Contract feature a leverage of up to 50x. For example, to buy 50 Bitcoin worth of contracts, you will only require 1 Bitcoin of Initial Margin. Settlement As the ETHUSD contract is perpetual, there is no settlement. Marking for Unrealised PNL and Liquidation purposes are done according to the Fair Price Marking system. Note also: since this product is a perpetual contract, funding occurs every 8 hours. Please see the Funding Section in the Perpetual Contracts Guide for information, and for the current rates please see Funding Calculation in the ETHUSD Contract Specifications. ETHUSD Perpetual Contract Example BitMEX Derivative: ETHUSD Perpetual Swap Contracts: 10,000 Bitcoin Multiplier per 1 USD: 0.000001 XBT .BXBT Spot Price: $10,000 ETHUSD Swap Price: $500 .ETHXBT Spot Price: 0.05 XBT Trade Inception Jaewon and Wang trade the ETHUSD Perpetual Swap against each other for 10,000 contracts. Jaewon goes long, and Wang goes short. For each 1 USD move, the contract pays out 0.000001 XBT; this is called the Bitcoin multiplier. They agree that each side can use 50x leverage, which means they post 2% initial margin to BitMEX to initiate the trade. To calculate the Bitcoin margin, they first calculate the Bitcoin value of their ETHUSD Quanto Swap. XBT Value = ETHUSD Price * Bitcoin Multiplier * # Contracts 5 XBT = $500 * 0.000001 XBT * 10,000 Initial Bitcoin Margin = 5 XBT * 2% = 0.1 XBT They both like to think in ETH terms at any given ETHUSD price. On the BitMEX Position Table, they are able to view the current value of their position in ETH terms. ETH Value = XBT Value / .ETHXBT Spot Price 100 ETH = 5 XBT / 0.05 XBT They notice that the ETH value can change either when the ETHUSD price changes, or when the .ETHXBT spot price changes. The only fixed number in a Quanto derivative is the multiplier. The ETH and USD value will change as the ETHUSD, .BXBT, and .ETHXBT prices change. Trade Expiry The ETHUSD swap price rises to $505, let’s compute Jaewon and Wang’s Bitcoin PNL. Bitcoin PNL = (ETHUSD Exit Price – ETHUSD Entry Price) * Bitcoin Multiplier * # Contracts Jaewon Bitcoin PNL = ($505 - $500) * 0.000001 XBT * +10,000 = 0.05 XBT Profit Wang Bitcoin PNL = ($505 - $500) * 0.000001 XBT * -10,000 = 0.05 XBT Loss Notice that the only variable that affects the PNL is the movement of the ETHUSD price. Neither the .BXBT, nor the .ETHXBT exchange rate affect either trader’s PNL.

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bitsevenenglish-blog · 6 years

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When Bakkt? Bitcoin Futures Market’s Approval Appears Stuck in Limbo/ bitcoin margin trading,bitseven,bitcoin exchange,CoinMarketCap,poloniex,bitfinex

Bakkt was first announced in early August as a bitcoin trading and custody platform, but its launch has been repeatedly delayed It has submitted a proposal to the CFTC, asking for an exemption which would allow it to custody the bitcoin it uses to settle its futures contracts. While CFTC Commissioners were reportedly given the proposal in December, it now appears to be back before CFTC staffers. It is unclear if or when the proposal may be published for a mandatory 30-day public review period. Until the review period has ended – and CFTC Commissioners have voted to approve Bakkt’s exemption – the exchange cannot launch its one-day physically-settled futures contract. More than six months since Intercontinental Exchange (ICE) revealed its vision for Bakkt, the hotly anticipated bitcoin futures market is still awaiting regulatory approval. ICE, the parent of the New York Stock Exchange, originally planned to launch Bakkt in mid-December. Then it got pushed back to late January. Then, on New Year’s Eve, the launch was indefinitely delayed, with ICE saying its previous Jan. 24 target “will be amended pursuant to the CFTC’s process and timeline.” Now, with the first quarter of 2019 nearly over, the Commodity Futures Trading Commission has yet to release Bakkt’s proposed exemption for public comment. That means even if the proposal came out today, the launch can’t happen until mid-April at the earliest since the commissioners have to give the public 30 days to weigh in and then take another few days to read the comments before voting on whether to approve the plan. And as of late February, the proposal, which would allow Bakkt to custody the bitcoin trading on the platform, was still being reviewed by the CFTC’s Division of Market Oversight, two officials said. Why the hold-up? The government shutdown, which began on Dec. 22 and lasted a record five weeks, creating backlogs at the CFTC and other agencies, surely didn’t help matters. In getting caught up, the agency has prioritized other matters, mostly unrelated to crypto, including more than half a dozen enforcement actions announced since the shutdown ended. But the ambitious nature of Bakkt’s business plan is likely also a factor in drawing out the process. Physical settlement To be clear: the issue is not necessarily with Bakkt’s envisioned one-day futures contract, which would be physically settled, meaning the buyer would receive the actual commodity – bitcoin – at maturity. In late February Amir Zaidi, the director of the CFTC’s Division of Market Oversight, told CoinDesk that the analysis for evaluating cash-settled bitcoin futures contracts – such as what CME Group and the Cboe offer – is slightly different from the analysis for evaluating physically-settled bitcoin futures contracts. The different analyses examine whether the futures contracts, once offered, are “readily susceptible to manipulation,” Zaidi said. This is a concern with cash-settled contracts, where at the end one party pays the other the difference between the spot and futures prices; if the spot price is determined from a manipulated price feed, one side is getting bilked. With a physically settled contract like Bakkt’s, “you don’t have to worry about the cash market, so some of [the] concerns [are resolved],” said Zaidi, who would not discuss the proposal any further. Yet while the manipulation concerns associated with cash-settled contracts may be addressed by physically settled futures, Bakkt’s intent to act as its own custody warehouse appears to have raised other issues. ‘Novel and complex’ A former CFTC staffer, who spoke on condition of anonymity because their current employer has business before the regulator, noted that generally, commodity futures exchanges use a service provider like a bank or trust to manage custody “under the full control of the clearinghouse.” The contracts are settled at the bank or trust, but the underlying asset would be delivered “under the auspices of the clearinghouse, and under federal or state oversight of the bank or trust,” this lawyer said. “It seems to me, without more information, that Bakkt is trying to gain approval as a third-party warehouse similar to a silo where it’s controlled by the requirements put in place by the clearinghouse and the exchange, by ICE’s regulated entities in this case,” they said. Yet Bakkt’s proposal, based on what information has been publicly released to date, could result in the firm not falling under federal or state oversight. The former CFTC staffer explained: “Without knowing more, the hiccup could be that Bakkt’s approach is novel and complex and the [question] is do you treat the delivery point like a grain silo or do you treat the delivery point like the clearinghouse itself; and if you treat the delivery point as a grain silo does it have some sort of designation under state or federal law?” Return to sender? In December, a source familiar with the CFTC’s process told CoinDesk that Bakkt’s proposal to custody bitcoin on its clients’ behalf using its own warehouse had been passed from the agency’s staff to the commissioners. However, it would appear this is no longer the case. The former CFTC staffer said it is not unusual for proposals to be sent from the Commissioner level back down to staff, particularly “if [the Commissioners] are not comfortable with the direction or their questions are not answered.” Late last month, Commissioner Brian Quintenz told a group of reporters at a derivatives conference in New York that he did not have the Bakkt proposal before him at the time, meaning he would not be able to vote on whether to release it for public comment. When pressed about Bakkt, CFTC commissioners repeatedly referred CoinDesk to the regulator’s work with guidance on “actual delivery” – a long-standing issue for the agency – to indicate that the agency is still examining the crypto space, if not specifically the Bakkt proposal. Speaking to CoinDesk in late February, CFTC Commissioner Dan Berkowitz explained that this guidance “is one of the priorities [for] the agency,” but that there are also a number of other issues to examine (of the non-crypto-related variety). Like Berkowitz, Quintenz referred CoinDesk to the regulator’s examination of its actual delivery guidance. ‘Not standing still’ For its part, Bakkt appears to have been continuing to build out its product and systems. In January, CEO Kelly Loeffler announced that the company was acquiring select assets belonging to Rosenthal Collins Group, a futures commission merchant. These assets included former employees of the group, and Bakkt finalized the deal the next month. In her January announcement, Loeffler stated that the “acquisition underlines the fact we’re not standing still as we await regulatory approval by the CFTC for the launch of regulated trading in our crypto markets.” Loeffler did not provide any revised estimates on when Bakkt would launch. Bakkt declined to comment for this story. But at a derivatives conference in Boca Raton, Fla., last week, chief operating officer Adam White spoke in general terms about the exchange’s work with regulators, indicating his team recognized a need for patience. “It’s not the world where you fill out an application, you throw it over the fence and you hope you get it back so you can launch your business,” he said, without mentioning the CFTC or the status of Bakkt’s proposal. “It’s partnering and working with the regulators to help them understand what is hard fork, what a deep chain reorg is, why one blockchain or public blockchain may be sufficient and capable while another one isn’t. It’s very much the approach that we’ve been taking.” White concluded: “And the regulators are going to move at the pace they are comfortable with, so that they are protecting the public.”

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bitmexregister-fs · 5 years

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Beginner’s Guide to BitMEX(FS)

Founded by HDR Global Trading Limited (which in turn was founded by former bankers Arthur Hayes, Samuel Reed and Ben Delo) in 2014, BitMEX is a trading platform operating around the world and registered in the Seychelles.

Meaning Bitcoin Mercantile Exchange, BitMEX is one of the largest Bitcoin trading platforms currently operating, with a daily trading volume of over 35,000 BTC and over 540,000 accesses monthly and a trading history of over $34 billion worth of Bitcoin since its inception.

Unlike many other trading exchanges, BitMEX only accepts deposits through Bitcoin, which can then be used to purchase a variety of other cryptocurrencies. BitMEX specialises in sophisticated financial operations such as margin trading, which is trading with leverage. Like many of the exchanges that operate through cryptocurrencies, BitMEX is currently unregulated in any jurisdiction.

Visit BitMEX

How to Sign Up to BitMEX

In order to create an account on BitMEX, users first have to register with the website. Registration only requires an email address, the email address must be a genuine address as users will receive an email to confirm registration in order to verify the account. Once users are registered, there are no trading limits. Traders must be at least 18 years of age to sign up.

However, it should be noted that BitMEX does not accept any US-based traders and will use IP checks to verify that users are not in the US. While some US users have bypassed this with the use of a VPN, it is not recommended that US individuals sign up to the BitMEX service, especially given the fact that alternative exchanges are available to service US customers that function within the US legal framework. How to Use BitMEX

BitMEX allows users to trade cryptocurrencies against a number of fiat currencies, namely the US Dollar, the Japanese Yen and the Chinese Yuan. BitMEX allows users to trade a number of different cryptocurrencies, namely Bitcoin, Bitcoin Cash, Dash, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple, Tezos and Zcash.

The trading platform on BitMEX is very intuitive and easy to use for those familiar with similar markets. However, it is not for the beginner. The interface does look a little dated when compared to newer exchanges like Binance and Kucoin’s.

Once users have signed up to the platform, they should click on Trade, and all the trading instruments will be displayed beneath.

Clicking on the particular instrument opens the orderbook, recent trades, and the order slip on the left. The order book shows three columns – the bid value for the underlying asset, the quantity of the order, and the total USD value of all orders, both short and long.

The widgets on the trading platform can be changed according to the user’s viewing preferences, allowing users to have full control on what is displayed. It also has a built in feature that provides for TradingView charting. This offers a wide range of charting tool and is considered to be an improvement on many of the offering available from many of its competitors.

Once trades are made, all orders can be easily viewed in the trading platform interface. There are tabs where users can select their Active Orders, see the Stops that are in place, check the Orders Filled (total or partially) and the trade history. On the Active Orders and Stops tabs, traders can cancel any order, by clicking the “Cancel” button. Users also see all currently open positions, with an analysis if it is in the black or red.

BitMEX uses a method called auto-deleveraging which BitMEX uses to ensure that liquidated positions are able to be closed even in a volatile market. Auto-deleveraging means that if a position bankrupts without available liquidity, the positive side of the position deleverages, in order of profitability and leverage, the highest leveraged position first in queue. Traders are always shown where they sit in the auto-deleveraging queue, if such is needed.

Although the BitMEX platform is optimized for mobile, it only has an Android app (which is not official). There is no iOS app available at present. However, it is recommended that users use it on the desktop if possible.

BitMEX offers a variety of order types for users:

Limit Order (the order is fulfilled if the given price is achieved);

Market Order (the order is executed at current market price);

Stop Limit Order (like a stop order, but allows users to set the price of the Order once the Stop Price is triggered);

Stop Market Order (this is a stop order that does not enter the order book, remain unseen until the market reaches the trigger);

Trailing Stop Order (it is similar to a Stop Market order, but here users set a trailing value that is used to place the market order);

Take Profit Limit Order (this can be used, similarly to a Stop Order, to set a target price on a position. In this case, it is in respect of making gains, rather than cutting losses);

Take Profit Market Order (same as the previous type, but in this case, the order triggered will be a market order, and not a limit one)

The exchange offers margin trading in all of the cryptocurrencies displayed on the website. It also offers to trade with futures and derivatives – swaps.

Futures and Swaps

A futures contract is an agreement to buy or sell a given asset in the future at a predetermined price. On BitMEX, users can leverage up to 100x on certain contracts.

Perpetual swaps are similar to futures, except that there is no expiry date for them and no settlement. Additionally, they trade close to the underlying reference Index Price, unlike futures, which may diverge substantially from the Index Price.

BitMEX also offers Binary series contracts, which are prediction-based contracts which can only settle at either 0 or 100. In essence, the Binary series contracts are a more complicated way of making a bet on a given event.

The only Binary series betting instrument currently available is related to the next 1mb block on the Bitcoin blockchain. Binary series contracts are traded with no leverage, a 0% maker fee, a 0.25% taker fee and 0.25% settlement fee.

Bitmex Leverage

BitMEX allows its traders to leverage their position on the platform. Leverage is the ability to place orders that are bigger than the users’ existing balance. This could lead to a higher profit in comparison when placing an order with only the wallet balance. Trading in such conditions is called “Margin Trading.”

There are two types of Margin Trading: Isolated and Cross-Margin. The former allows the user to select the amount of money in their wallet that should be used to hold their position after an order is placed. However, the latter provides that all of the money in the users’ wallet can be used to hold their position, and therefore should be treated with extreme caution.

The BitMEX platform allows users to set their leverage level by using the leverage slider. A maximum leverage of 1:100 is available (on Bitcoin and Bitcoin Cash). This is quite a high level of leverage for cryptocurrencies, with the average offered by other exchanges rarely exceeding 1:20.

BitMEX Fees

For traditional futures trading, BitMEX has a straightforward fee schedule. As noted, in terms of leverage offered, BitMEX offers up to 100% leverage, with the amount off leverage varying from product to product.

However, it should be noted that trading at the highest leverages is sophisticated and is intended for professional investors that are familiar with speculative trading. The fees and leverage are as follows:

However, there are additional fees for hidden / iceberg orders. A hidden order pays the taker fee until the entire hidden quantity is completely executed. Then, the order will become normal, and the user will receive the maker rebate for the non-hidden amount.

Deposits and Withdrawals

BitMEX does not charge fees on deposits or withdrawals. However, when withdrawing Bitcoin, the minimum Network fee is based on blockchain load. The only costs therefore are those of the banks or the cryptocurrency networks.

As noted previously, BitMEX only accepts deposits in Bitcoin and therefore Bitcoin serves as collateral on trading contracts, regardless of whether or not the trade involves Bitcoin.

The minimum deposit is 0.001 BTC. There are no limits on withdrawals, but withdrawals can also be in Bitcoin only. To make a withdrawal, all that users need to do is insert the amount to withdraw and the wallet address to complete the transfer.

Deposits can be made 24/7 but withdrawals are processed by hand at a recurring time once per day. The hand processed withdrawals are intended to increase the security levels of users’ funds by providing extra time (and email notice) to cancel any fraudulent withdrawal requests, as well as bypassing the use of automated systems & hot wallets which may be more prone to compromise.

Supported Currencies

BitMEX operates as a crypto to crypto exchange and makes use of a Bitcoin-in/Bitcoin-out structure. Therefore, platform users are currently unable to use fiat currencies for any payments or transfers, however, a plus side of this is that there are no limits for trading and the exchange incorporates trading pairs linked to the US Dollar (XBT), Japanese Yen (XBJ), and Chinese Yuan (XBC).

BitMEX supports the following cryptocurrencies:

Bitcoin (XBT)

Bitcoin Cash (BCH)

Ethereum (ETH)

Ethereum Classic (ETC)

Litecoin (LTC)

Ripple Token (XRP)

Monero (XMR)

Dash (DASH)

Zcash (ZEC)

Cardano (ADA)

Tron (TRX)

EOS Token (EOS)

BitMEX also offers leverage options on the following coins:

5x: Zcash (ZEC)

20x : Ripple (XRP),Bitcoin Cash (BCH), Cardano (ADA), EOS Token (EOS), Tron (TRX)

25x: Monero (XMR)

33x: Litecoin (LTC)

50x: Ethereum (ETH)

100x: Bitcoin (XBT), Bitcoin / Yen (XBJ), Bitcoin / Yuan (XBC)

Trading Technologies International Partnership

HDR Global Trading, the company which owns BitMEX, has recently announced a partnership with Trading Technologies International, Inc. (TT), a leading international high-performance trading software provider.

The TT platform is designed specifically for professional traders, brokers, and market-access providers, and incorporates a wide variety of trading tools and analytical indicators that allow even the most advanced traders to customize the software to suit their unique trading styles. The TT platform also provides traders with global market access and trade execution through its privately managed infrastructure and the partnership will see BitMEX users gaining access to the trading tools on all BitMEX products, including the popular XBT/USD Perpetual Swap pairing.

The BitMEX Insurance Fund

The ability to trade on leverage is one of the exchange’s main selling points and offering leverage and providing the opportunity for traders to trade against each other may result in a situation where the winners do not receive all of their expected profits. As a result of the amounts of leverage involved, it’s possible that the losers may not have enough margin in their positions to pay the winners.

Traditional exchanges like the Chicago Mercantile Exchange (CME) offset this problem by utilizing multiple layers of protection and cryptocurrency trading platforms offering leverage cannot currently match the levels of protection provided to winning traders.

In addition, cryptocurrency exchanges offering leveraged trades propose a capped downside and unlimited upside on a highly volatile asset with the caveat being that on occasion, there may not be enough funds in the system to pay out the winners.

To help solve this problem, BitMEX has developed an insurance fund system, and when a trader has an open leveraged position, their position is forcefully closed or liquidated when their maintenance margin is too low.

Here, a trader’s profit and loss does not reflect the actual price their position was closed on the market, and with BitMEX when a trader is liquidated, their equity associated with the position drops down to zero.

In the following example, the trader has taken a 100x long position. In the event that the mark price of Bitcoin falls to $3,980 (by 0.5%), then the position gets liquidated with the 100 Bitcoin position needing to be sold on the market.

This means that it does not matter what price this trade executes at, namely if it’s $3,995 or $3,000, as from the view of the liquidated trader, regardless of the price, they lose all the equity they had in their position, and lose the entire one Bitcoin.

Assuming there is a fully liquid market, the bid/ask spread should be tighter than the maintenance margin. Here, liquidations manifest as contributions to the insurance fund (e.g. if the maintenance margin is 50bps, but the market is 1bp wide), and the insurance fund should rise by close to the same amount as the maintenance margin when a position is liquidated. In this scenario, as long as healthy liquid markets persist, the insurance fund should continue its steady growth.

The following graphs further illustrate the example, and in the first chart, market conditions are healthy with a narrow bid/ask spread (just $2) at the time of liquidation. Here, the closing trade occurs at a higher price than the bankruptcy price (the price where the margin balance is zero) and the insurance fund benefits.

Illustrative example of an insurance contribution – Long 100x with 1 BTC collateral

(Note: The above illustration is based on opening a 100x long position at $4,000 per BTC and 1 Bitcoin of collateral. The illustration is an oversimplification and ignores factors such as fees and other adjustments.

The bid and offer prices represent the state of the order book at the time of liquidation. The closing trade price is $3,978, representing $1 of slippage compared to the $3,979 bid price at the time of liquidation.)

The second chart shows a wide bid/ask spread at the time of liquidation, here, the closing trade takes place at a lower price than the bankruptcy price, and the insurance fund is used to make sure that winning traders receive their expected profits.

This works to stabilize the potential for returns as there is no guarantee that healthy market conditions can continue, especially during periods of heightened price volatility. During these periods, it’s actually possible that the insurance fund can be used up than it is built up.

Illustrative example of an insurance depletion – Long 100x with 1 BTC collateral

(Notes: The above illustration is based on opening a 100x long position at $4,000 per BTC and 1 Bitcoin of collateral. The illustration is an oversimplification and ignores factors such as fees and other adjustments.

The bid and offer prices represent the state of the order book at the time of liquidation. The closing trade price is $3,800, representing $20 of slippage compared to the $3,820 bid price at the time of liquidation.)

The exchange declared in February 2019, that the BitMEX insurance fund retained close to 21,000 Bitcoin (around $70 million based on Bitcoin spot prices at the time).

This figure represents just 0.007% of BitMEX’s notional annual trading volume, which has been quoted as being approximately $1 trillion. This is higher than the insurance funds as a proportion of trading volume of the CME, and therefore, winning traders on BitMEX are exposed to much larger risks than CME traders as:

BitMEX does not have clearing members with large balance sheets and traders are directly exposed to each other.

BitMEX does not demand payments from traders with negative account balances.

The underlying instruments on BitMEX are more volatile than the more traditional instruments available on CME.

Therefore, with the insurance fund remaining capitalized, the system effectively with participants who get liquidated paying for liquidations, or a losers pay for losers mechanism.

This system may appear controversial as first, though some may argue that there is a degree of uniformity to it. It’s also worth noting that the exchange also makes use of Auto Deleveraging which means that on occasion, leveraged positions in profit can still be reduced during certain time periods if a liquidated order cannot be executed in the market.

More adventurous traders should note that while the insurance fund holds 21,000 Bitcoin, worth approximately 0.1% of the total Bitcoin supply, BitMEX still doesn’t offer the same level of guarantees to winning traders that are provided by more traditional leveraged trading platforms.

Given the inherent volatility of the cryptocurrency market, there remains some possibility that the fund gets drained down to zero despite its current size. This may result in more successful traders lacking confidence in the platform and choosing to limit their exposure in the event of BitMEX being unable to compensate winning traders.

How suitable is BitMEX for Beginners?

BitMEX generates high Bitcoin trading levels, and also attracts good levels of volume across other crypto-to-crypto transfers. This helps to maintain a buzz around the exchange, and BitMEX also employs relatively low trading fees, and is available round the world (except to US inhabitants).

This helps to attract the attention of people new to the process of trading on leverage and when getting started on the platform there are 5 main navigation Tabs to get used to:

Trade:The trading dashboard of BitMEX. This tab allows you to select your preferred trading instrument, and choose leverage, as well as place and cancel orders. You can also see your position information and view key information in the contract details.

Account:Here, all your account information is displayed including available Bitcoin margin balances, deposits and withdrawals, and trade history.

Contracts:This tab covers further instrument information including funding history, contract sizes; leverage offered expiry, underlying reference Price Index data, and other key features.

References:This resource centre allows you to learn about futures, perpetual contracts, position marking, and liquidation.

API:From here you can set up an API connection with BitMEX, and utilize the REST API and WebSocket API.

BitMEX also employs 24/7 customer support and the team can also be contacted on their Twitter and Reddit accounts.

In addition, BitMEX provides a variety of educational resources including an FAQ section, Futures guides, Perpetual Contracts guides, and further resources in the “References” account tab.

For users looking for more in depth analysis, the BitMEX blog produces high level descriptions of a number of subjects and has garnered a good reputation among the cryptocurrency community.

Most importantly, the exchange also maintains a testnet platform, built on top of testnet Bitcoin, which allows anyone to try out programs and strategies before moving on to the live exchange.

This is crucial as despite the wealth of resources available, BitMEX is not really suitable for beginners, and margin trading, futures contracts and swaps are best left to experienced, professional or institutional traders.

Margin trading and choosing to engage in leveraged activity are risky processes and even more advanced traders can describe the process as a high risk and high reward “game”. New entrants to the sector should spend a considerable amount of time learning about margin trading and testing out strategies before considering whether to open a live account.

Is BitMEX Safe?

BitMEX is widely considered to have strong levels of security. The platform uses multi-signature deposits and withdrawal schemes which can only be used by BitMEX partners. BitMEX also utilises Amazon Web Services to protect the servers with text messages and two-factor authentication, as well as hardware tokens.

BitMEX also has a system for risk checks, which requires that the sum of all account holdings on the website must be zero. If it’s not, all trading is immediately halted. As noted previously, withdrawals are all individually hand-checked by employees, and private keys are never stored in the cloud. Deposit addresses are externally verified to make sure that they contain matching keys. If they do not, there is an immediate system shutdown.

In addition, the BitMEX trading platform is written in kdb+, a database and toolset popular amongst major banks in high frequency trading applications. The BitMEX engine appears to be faster and more reliable than some of its competitors, such as Poloniex and Bittrex.

They have email notifications, and PGP encryption is used for all communication.

The exchange hasn’t been hacked in the past.

How Secure is the platform?

As previously mentioned, BitMEX is considered to be a safe exchange and incorporates a number of security protocols that are becoming standard among the sector’s leading exchanges. In addition to making use of Amazon Web Services’ cloud security, all the exchange’s systems can only be accessed after passing through multiple forms of authentication, and individual systems are only able to communicate with each other across approved and monitored channels.

Communication is also further secured as the exchange provides optional PGP encryption for all automated emails, and users can insert their PGP public key into the form inside their accounts.

Once set up, BitMEX will encrypt and sign all the automated emails sent by you or to your account by the [email protected] email address. Users can also initiate secure conversations with the support team by using the email address and public key on the Technical Contact, and the team have made their automated system’s PGP key available for verification in their Security Section.

The platform’s trading engine is written in kdb+, a database and toolset used by leading financial institutions in high-frequency trading applications, and the speed and reliability of the engine is also used to perform a full risk check after every order placement, trade, settlement, deposit, and withdrawal.

All accounts in the system must consistently sum to zero, and if this does not happen then trading on the platform is immediately halted for all users.

With regards to wallet security, BitMEX makes use of a multisignature deposit and withdrawal scheme, and all exchange addresses are multisignature by default with all storage being kept offline. Private keys are not stored on any cloud servers and deep cold storage is used for the majority of funds.

Furthermore, all deposit addresses sent by the BitMEX system are verified by an external service that works to ensure that they contain the keys controlled by the founders, and in the event that the public keys differ, the system is immediately shut down and trading halted. The exchange’s security practices also see that every withdrawal is audited by hand by a minimum of two employees before being sent out.

BitMEX Customer Support

The trading platform has a 24/7 support on multiple channels, including email, ticket systems and social media. The typical response time from the customer support team is about one hour, and feedback on the customer support generally suggest that the customer service responses are helpful and are not restricted to automated responses.

The BitMEX also offers a knowledge base and FAQs which, although they are not necessarily always helpful, may assist and direct users towards the necessary channels to obtain assistance.

BitMEX also offers trading guides which can be accessed here

Conclusion

There would appear to be few complaints online about BitMEX, with most issues relating to technical matters or about the complexities of using the website. Older complaints also appeared to include issues relating to low liquidity, but this no longer appears to be an issue.

BitMEX is clearly not a platform that is not intended for the amateur investor. The interface is complex and therefore it can be very difficult for users to get used to the platform and to even navigate the website.

However, the platform does provide a wide range of tools and once users have experience of the platform they will appreciate the wide range of information that the platform provides.

Visit BitMEX

#bitmex #bitcoin #bitcoinfx #investment #margin trading #exchanges

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cryptocurrencyinfo · 4 years

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youtube

⬇️👇🔽 Discount links in description below. 🤦‍♂️I'm providing educational videos because YouTube is full of factually incorrect / irrelevant content💯 🐦My Twitter: https://twitter.com/CryptoDerivativ 🕊️ 💸💰Register a new account with the link below to get fee discounts. Links are followed by low tier fee schedules in a format: "maker/taker%"🤑💵 👉10% https://ift.tt/2V4Fdi3 The most liquid Crypto market with 100x leverage. Massive 35k BTC insurance fund will prevent you from getting "auto deleveraged". You have claim to these BTC if BitMEX gets in trouble. Limited ability to submit orders at peak volatility when you're far from Irish servers -0.025/0.075% 👉10% for spot account: https://ift.tt/2BnvooG, then 👉10% for futures account: https://ift.tt/318VzKi SPOT ACCOUNT: Superb ALT selection and liquidity. Don't buy "Binance Leveraged Tokens" 0.075/0.075% paid in BNB FUTURES ACCOUNT: Superb liquidity, low taker fees, competitively priced daily options 0.018/0.036% paid in BNB 👉10% https://ift.tt/2VkqXCf Super low spot trading fees. Very liquid and innovative crypto market. FTX is run by some of the biggest liquidity providers in crypto. Wide selection of futures: ALT/Shitcoin index, Oil, Volatility, LEO, BSV, BNB, options... No withdrawal fees. Don't buy BULL/BEAR tokens! KYC for withdrawals ≥$1k 0.02/0.07% spot & derivatives 👉10% https://ift.tt/3fHbtzO Deribit is the most liquid options market. Moderately liquid BTC swap & futures. Very liquid ETH USD swap & futures. No engine overload. -0.025/0.075% 👉https://ift.tt/3hJ6dO5 Derivatives require KYC. Superb futures liquidity on par with BitMEX and OKEx but Huobi taker fees are lower. USD spot fees too high. 0.02/0.03% futures 👉20% https://ift.tt/2V25FZV Unique 20% discount link thanks to special relationship. Not-so-liquid. UK FCA regulated market. ETH, BCH & XRP swaps & futures. KYC. Consider BitMEX/Deribit instead. -0.02/0.075% 👉10% https://ift.tt/2CsfMAI Moderately liquid. Physically delivered futures. Consider BitMEX/Deribit instead. 0.03/0.03%, lower with FLEX token 👉6% https://ift.tt/3hJsrzk Most advanced spot exchange. You can lend your coins for margin trading. Poor volume derivatives. Entangled in legal issues. Banking sometimes challenging. -0.02/0.075% derivatives 0.1/0.2% spot, lower with LEO 👉20% https://ift.tt/3hNoA4l I don't recommend BTSE. If you've found an attractive premium/discount then use it but I'd rather stay away. Rookie exchange. Erased ETH chart that crashed to $10 on 12/3/20. I don't trust volume & OI. -0.01/0.06% 🤑💵 Free money: 💸💰 👉Free $10 https://ift.tt/2BufFnS $10 for buying $100 of crypto. Best futures liquidity on the market 🔥. OKEx has superb liquidity but I trust BitMEX more. Illiquid options market. 0.02/0.05% derivatives 0.1/0.15% spot 👉Free $72 https://ift.tt/2NhVagQ Register a new account, deposit ₿0.2 and you'll get $62 + $10 social media bonus, you can withdraw ₿0.2 and gamble away $72 Zero fees, low volume. Stocks and indices trading with crypto margin coming in the future 0/0% 👉Free $90 https://ift.tt/3epSGJ2 $20 for easy stuff + $50 for first deposit ≥0.5 ₿ + $20 for total deposit ≥1 ₿ Competitions with decent prizes. I don't trust volumes & OI. Consider BitMEX/Deribit instead. -0.025/0.075% 💯👌Other recommendations:👍🤑 👉https://ift.tt/2BvyQ0f Crypto lending and borrowing at up to 8.6% yearly interest. Safe in my opinion. 👉https://ift.tt/3doVyEx Peer to peer BTC trading 👉https://kraken.com 0.16/0.26% spot 👉https://www.itBit.com/ -0.003/0.35% spot, good for US customers by Accurate Cryptocurrency Information

#IFTTT #YouTube

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cryptodailysun · 2 years

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Multiple factors are pushing BTC price below $40,000, but derivatives data shows pro traders are neutral, and holding out hope for a quick trend reversal. On April 11, Bitcoin (BTC) dropped to $40,500, reaching a crucial level that erased the gains from the previous three weeks when the price peaked at $48,200 on March 28.According to analysts, the United States Federal Reserve balance sheet reductions are adding pressure to stocks and risk assets, with Bitcoin standing to lose appeal.Decentrader co-founder filbfilb agreed with these powerful headwinds by arguing that the Fed's action could influence the BTC price trend "for months to come."Bitcoin reacted unfavorably to a resurgent dollar, with the U.S. dollar currency index (DXY) returning above 100 for the first time since May 2020. While some consider the DXY event a temporary show of strength, its impact on crypto markets was clear.Data shows margin traders are bullishMargin trading allows investors to borrow cryptocurrency to leverage their trading position with the hope of increasing returns. Traders can borrow Tether (USDT) to open a leveraged long position, whereas Bitcoin borrowers can only short the cryptocurrency because they are betting on its price declining. Unlike futures contracts, the balance between margin longs and shorts isn't always matched.OKEx USDT/BTC margin lending ratio. Source: OKExThe above chart shows that traders have been borrowing more USDT recently, a fact shown by the ratio increasing from 9.6 on April 8 to the current 15.9, which is the highest level in two months.Even though the margin lending reached 5 on March 28, the indicator favored stablecoin borrowing. Crypto traders are usually bullish, so a margin lending ratio below 3 is deemed unfavorable. Thus, the current level remains positive, just less confident than the previous week.Related: Bitcoin keeps falling as former BitMEX CEO gives $30K BTC price target for JuneThe long-to-short ratio is slightly bearishThe top traders' long-to-short net ratio excludes externalities that might have impacted the longer-term futures instruments. By analyzing these positions on the spot, perpetual and futures contracts, one can better understand whether professional traders are leaning bullish or bearish.There are occasional methodological discrepancies between different exchanges, so viewers should monitor changes instead of absolute figures.Exchanges' top traders Bitcoin long-to-short ratio. Source: CoinglassExcluding a brief spike in OKX's Bitcoin long-to-short ratio on April 6, professional traders have slightly reduced their long (bull) positions since March 31. This movement is directly opposite to the previously presented margin trading markets, which showed a significant sentiment improvement in the first week of April.So what could be the cause of the distortion? The most likely factor is the fact that Bitcoin's price has been down 32% in 12 months. Even as BTC flirted with $48,000 on March 29, futures traders were not yet ready to build bullish positions using leverage.It’s possible to have a "glass half full" reading from the same data because Bitcoin price dropped 15% since March 29, and yet, there is no sign of bearishness from the margin and BTC futures trading. From the perspective of derivatives, traders are playing it safe, but are also still hopeful that $50,000 and higher is possible in the near term.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Go to Source

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cryptobab · 3 years

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5 things to keep in mind about Bitcoin this week

The price of Bitcoin (BTC) starts a new week in a strange place ... one that is eerily similar to where it was at this time last year. After what various sources have described as a full twelve months of "consolidation", The BTC / USD pair is around $ 42,000, almost exactly where it was in the second week of January 2021. The ups and downs in the middle have been significant, but essentially, Bitcoin remains in the middle of a now familiar range. The picture varies depending on the perspective: some believe new all-time highs are more than possible this year, while others call for many more months of consolidation. With sentiment surrounding cryptocurrencies at some of their lowest levels ever, Cointelegraph takes a look at what could change the status quo in the near term in the coming days.

Will the $ 40,700 level hold?

Bitcoin had a tough weekend as The latest in a series of abrupt moves to the downside saw the cryptocurrency approach support at $ 40,000. Data from Cointelegraph Markets Pro and TradingView showed that The BTC / USD pair hit $ 40,700 on major exchanges before rebounding, a correction that has held since then. Ironically, it was that same level that was in the spotlight on the same day in 2021, which nevertheless came during what turned out to be the most vertical phase of Bitcoin's recent bull run. The month of September also returned focus to the $ 40,700 level, which acted as a turning point after several weeks of correction. and ultimately saw the BTC / USD pair rise to the all-time highs of $ 69,000. Now however the chances of a slide toward the $ 30,000 area are greater among analysts. "The weekly closing is just around the corner", summarized Rect Capital next to a chart with target levels. “Theoretically, there is a possibility that BTC will make a Weekly Close above ~ $ 43,200 (black) to enjoy a green week next week. However, if the weekly close falls below ~ $ 43,200, BTC could revisit the red zone below. ” Candlestick chart for the BTC / USD pair with comments. Source: Rekt Capital / TwitterBitcoin finally closed at $ 42,000, hovering around that level in what could prove temporary relief for the bulls. "I think the market puts a lower high", forecast fellow analyst Pentoshi, adding that he believes the $ 40,700 level will eventually fall. Meanwhile, An increasingly attractive target is at last summer's $ 30,000 low.

A consensus forms around the dire prospects for cash

The macro picture this week is especially difficult for risk-asset buffs, and Bitcoin and altcoins are no exception. But nevertheless, what the future holds varies considerably from expert to expert. In general, it is considered that the US Federal Reserve will start to raise interest rates in the coming months, which will cause investors to reduce risk and cause a headache for crypto bulls. The "easy money", which began to flow in March 2020, will now be much more difficult to come by. The bearish view was clearly summed up by former BitMEX CEO Arthur Hayes in his latest blog post last week. "Let's forget what non-crypto investors believe; my take on crypto investor sentiment is that they naively believe that the fundamentals of network and user growth across the complex will allow crypto assets to continue their upward trajectory unabated, "he wrote. “To me, this presents the setup for severe laundering, as the detrimental effects of rising interest rates on future cash flows will likely prompt speculators and investors on the margin to divest or severely reduce their crypto holdings. . " This week the data of the consumer price index (CPI) of the United States corresponding to December are publishedFigures that will probably feed the story of the surprising rise in inflation. Hayes isn't the only one worrying about what the Federal Reserve may bring to crypto this year, and Pentoshi, among others, has also announced the temporary end of the bull run. "And the final question is, can the crypto space ignore the Fed if it decides to go all out brandishing a deflationary machete? I doubt it," concluded analyst Alex Krueger. in a series of tweets on the subject this weekend. “'' Don't Fight the Fed 'applies both ways, up and down. If the Fed is * too extreme * then Houston, we have a problem. " There were some optimists in the room. Dan Tapiero, founder and CEO of 10T Holdings, told his followers to "ignore" the recent drop and focus on a long-term investment opportunity unchanged. "The most bullish macroeconomic backdrop of the last 75 years", He said. Booming economy supported by massive negative real rates. The Fed will never match rates with inflation. They are long on stocks and on Bitcoin and ETH. Do holding through short-term volatility. Cash savings in real dollars will continue to lose value. " Here's a look at the Effective Fed Funds Rate and Inflation Rates when the Unemployment Rate was at 3.9%, as it is today.Find the outlier... pic.twitter.com/zU1zRj1uXC— Charlie Bilello (@charliebilello) January 7, 2022 Here's a look at the Effective Fed Funds Rate and Inflation Rates when the Unemployment Rate was at 3.9%, as it is today. Find the outlier ... Tapiero highlighted data compiled by Charlie Bilello, founder and CEO of Compound Capital Advisors.

RSI hits two-year lows

In the midst of pessimism, not everything points to a prolonged bearish phase for Bitcoin specifically. As Cointelegraph has reported, On-chain indicators are calling for increases en masse, and the historical context serves to support those demands. This week, It is Bitcoin's Relative Strength Index (RSI) that continues to hold, hitting its lowest levels in two years. #Bitcoin RSI has been this low just 2 other times in the last 2 years. Looks like a bottom is near and bounce due. Let's see pic.twitter.com/qhQ1pD8yEl— Bitcoin Archive (@BTC_Archive) January 9, 2022 Bitcoin's RSI has been as low only 2 other times in the last 2 years. It looks like a bottom is close and the rebound should follow soon. We'll see. RSI is a key metric used to determine whether an asset is "overbought" or "oversold" at a certain price point. The fact of sinking the depths by $ 42,000 suggests that that level is actually considered too extreme by the market, and there should be a rebound to balance it out. Conversely, Last January, the RSI was through the roof and conversely well within "overbought" territory, while the BTC / USD pair was trading at the same price. "Bitcoin's RSI is at the lowest point in 2 years on the daily. March 2020 and May 2021 were the last. And people go bearish here / want to go short", commented hopeful a Cointelegraph contributor, Michaël van de Poppe.

BTC / USD (Bitstamp) 1-day candlestick chart with RSI. Source: TradingViewCointelegraph saw similar bullish signs on the RSI monthly chart last week.

Hash index recovers from losses in Kazakhstan

Another problem from last week that is already "healing" comes from the realm of Bitcoin fundamentals. After hitting new all-time highs over the past few weeks, The hash rate of the Bitcoin network took a hit when the turmoil in Kazakhstan affected the availability of the internet. Kazakhstan, which is home to around 18% of the hash rate, has since stabilized, allowing the hash rate to revert to previous levels of 192 exahashes per second (EH / s). At one point it dropped to 171 EH / s, causing unrest in the market. Responses to what may remind some of China's mining ban last May appear to have raised the hash rate and preserved the miners' participation record. The difficulty of the Bitcoin network, despite the turmoil, still managed to put in a modest increase this weekend, and is currently on track to do so again. on your next automated reset in just under two weeks.

Screenshot of live Bitcoin hash rate. Source: MiningPoolStats"Always going up", commented el analista on-chain Dylan LeClair about the classic mantra "price follows hash rate". To contextualize, China's mining defeat caused the hashing rate to drop by 50%. It took about six months to recoup the losses.

"What if ...?"

Someone who has been saying for a long time that it is time for a trend change in the price of Bitcoin to take place is the quantitative analyst PlanB, creator of the stock-to-flow based BTC pricing models. Nowadays, PlanB is in a test of its creations - and the ensuing storm of criticism on social media - but remains more optimistic than most when it comes to medium and long-term price action. "I know some people have lost faith in this bull market for bitcoin", recognized this weekend. “However, we are only in the middle of the cycle (2020-2024). And although BTC experiences some turmoil in Q1, and I think the yellow gold pool at S2F60 / $ 10T (small black dots are gold data from 2009-2021) is still the target. ”

Gráfico de stock-to-flow cross-asset (S2FX). Fuente: PlanB/ TwitterHe was referring to the stock-to-flow value for Bitcoin, gold, and other assets as part of his stock-to-flow cross-asset (S2FX) model, which predicts an average price of the BTC / USD pair of $ 288,000. during the current halving cycle. But nevertheless, A more simplified comparison between this cycle's Bitcoin price and its previous two, saw a feasible trajectory that starts with a U-turn now. What if ... pic.twitter.com/te36HkFAbQ— PlanB (@100trillionUSD) January 9, 2022 What if ... Another model, that of the floor, which demanded a price of USD 135,000 per bitcoin by the end of December, has been discarded after failing to reach his goal for the first time in November. Keep reading: Source link Read the full article

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bitmex-official · 6 years

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You can trade Bitcoin (XBT) on BitMEX through a new, innovative type of contract called a Perpetual Contract which is aimed at replicating the underlying spot market but with enhanced leverage. This product does not have an expiry date and is able to closely track the underlying reference Price Index through various mechanisms, the main of which is known as the Funding Rate. To view the current rates and calculations to determine the current Funding, please see the Funding Calculations in the XBTUSD Contract Specifications and more generally in the Perpetual Contracts Guide. The product suits traders who prefer to hold positions for a long time and do not want their positions to fluctuate in value due to large swings in basis. How is the XBTUSD Perpetual Contract Quoted? Margin and Leverage Price Index Marking and Settlement How is the XBTUSD Perpetual Contract Quoted? The XBTUSD contract’s underlying price is the BitMEX Index. It is an equally weighted index using the Bitstamp, Kraken, and GDAX USD XBT/USD prices. Both the underlying and the swap contract are quoted in USD. Margin and PNL are denominated in Bitcoin. Contract Calculations Multiplier 1 USD XBT Contract Value Multiplier / XBTUSD Price USD Contract Value 1 USD PnL Calculation # Contracts * Multiplier * (1/Entry Price - 1/Exit Price) Traders who want to profit from an increase in the Bitcoin / USD price, will buy the XBTUSD contract. Conversely, if they believe the price will go down they will sell the contract. Margin and Leverage All margin is posted in Bitcoin, which means traders can go long or short this contract using only Bitcoin. The XBTUSD contract features a high leverage of up to 100x. For example, to buy 100 Bitcoin worth of contracts, you will only require 1 Bitcoin of Initial Margin. Price Index The BitMEX .BXBT Index is currently being used for the XBTUSD Perpetual Contract and XBT Futures Contracts. The constituents are as below: Exchange Weight Bitstamp 50% GDAX 50% At this time, weightings are equal weighted. In the future, we may adjust this index. Any adjustments will be made with ample notification. Marking and Settlement As the XBTUSD contract is perpetual, there is no settlement. Marking for Unrealised PNL and Liquidation purposes are done according to the Fair Price Marking system. Note also: since this product is a perpetual contract, funding occurs every 8 hours. Please see the Funding Section in the Perpetual Contracts Guide for information, and for the current rates please see Funding Calculation in the XBTUSD Contract Specifications. XBTUSD Trade Example A trader goes long 100 XBT of XBTUSD at a price of 600 USD. He is long 100 XBT * 600 USD = 60,000 contracts. A few days later the price of the contract increases to 700 USD. The trader’s profit will be: 60,000 * 1 * (1/600 - 1/700) = 14.286 XBT If the price had in fact dropped to 500 USD, the trader’s loss would have been: 60,000 * 1 * (1/600 - 1/500) = -20 XBT. The loss is greater because of the inverse and non-linear nature of the contract. Conversely, if the trader was short then the trader’s profit would be greater if the price moved down than the loss if it moved up.

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bitsevenenglish-blog · 5 years

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Is The Bottom In? Bitcoin Price (BTC) Has Nearly Doubled Since Bear Market Low/ bitfinex,bitmex,bittrex,bithumb,bitcoin margin trading,bitseven,bitcoin exchange

The current price action across the crypto market, especially when it comes to Bitcoin, has both bears and bulls alike in disbelief. Following the longest and among the most painful bear markets yet, both sides have become accustomed to rallies being swatted down the moment any confidence in the market has returned. But in recent days, shorts have piled on, while the price has only increased. Bears are being taken by surprise as Bitcoin inches closer to the $6,000 resistance level that once played important support during the first half of the bear market. The current Bitcoin price is trading up nearly double from its 2018 low of $3,150 – does such growth suggest the bear market bottom is actually behind us? Bitcoin Price Has Nearly Doubled Since $3,150 Bear Market Low Overnight last night, Bitcoin climbed higher to above $5,700 following an early April rally that sent the price of the leading crypto by market cap up by over $1,000 in the course of an hour. Most traders and analysts had been expecting a pullback due to overbought indicators, bear divs, and the cryptocurrency being overdue for some consolidation after such a powerful upward movement. Fears and uncertainty surrounding Tether and Bitfinex drama had only added to the bearish sentiment. But regardless of the confusion and disbelief across the market, the rally continues on. Some crypto analysts attribute the buy pressure to investors fleeing the once safe-haven stablecoin Tether, selling the asset into Bitcoin and other cryptocurrencies to send them off of Bitfinex, and away from potential risk. Whatever the reasoning is for the continued bullish momentum in Bitcoin price charts, it’s becoming more and more probably that the bear market bottom is behind us, and that a new bull market may be in the beginning stages. If The Bottom Is Behind Us, Most Crypto Investors Missed Buying It If the bottom of the longest ever Bitcoin bear market is now in the past, most investors missed their chance to buy it. According to volume analysis below $3,400 in Bitcoin price charts, volume data shows that buyers were hesitant to buy at the extreme lows. Crypto analyst Josh Rager speculates that most traders missed the bottom either due to fear, or because the most bearish traders were waiting for lower prices – lower prices that never materialized. While there are still a select few calling for sub-$3K prices in Bitcoin, much of the market has shed their bearish bias, and have since started to consider that a new bull market could be around the corner. With a convincing break of $6,000, Bitcoin can achieve 100% gains in a matter of six months following the final bear market bottom – if it is indeed it – which should signal that bull market type gains are returning to the cryptosphere once again.

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airdropsandcryptonews · 4 years

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Bitcoin price at $16K and beyond? Here are the bear and bull cases

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Bitcoin price at $16K and beyond? Here are the bear and bull cases

The price of Bitcoin (BTC) surpassed $16,000 with relative ease on Nov. 13 and has remained resilient above it. Analysts are divided on the short-term outlook on BTC because the momentum remains strong but there are concerns of an overheated rally. But there are numerous positive developments that could continue to sustain the uptrend of BTC.

Generally, the cryptocurrency market has seen an increase in trading activity across all types of exchanges. Spot, derivatives, and institutional markets have all seen a noticeable spike in demand from investors. Speaking to Cointelegraph, Denis Vinokourov, head of research at crypto exchange and broker Bequant, said the overall uptick in trading volume is positive:

“Looking at the traded volume on retail-focused crypto venues shows there has been a significant pick up in interest among these market participants. At the same time, though, the volumes and the open interest (OI) across the more regulated venues and, in particular the CME, has also been on a steady uptick.”

The substantial increase in the trading volume of the cryptocurrency market has been a critical catalyst for Bitcoin throughout the recent rally. On-chain market analysis platforms, such as CryptoQuant, have reported large deposits by whales. This means that high-net-worth investors have increasingly sold BTC in the past week as its price exceeded $16,000. Still, the dominant cryptocurrency was able to sustain its momentum and rise to as high as $16,480 on Nov. 13.

A large uptick in trading volume and consistent inflow of stablecoins into exchanges typically mean that the demand for Bitcoin is rising. As such, there is a strong possibility that the main impetus for the BTC rally above $16,000 was the high trading activity and newly emerging appetite for BTC from stablecoin inflows. Following the breakout above $16,000, analysts are generally bullish, particularly toward the medium-term trend of BTC. However, some remain cautious around the immediate effects.

The bull scenario for Bitcoin in the short term

The price of Bitcoin has only been above $16,300 for 12 days throughout its history. Looking at on-chain data, analysts at IntoTheBlock noted that there is little resistance between $16,300 and $18,750. If BTC rallies toward $18,750 in the near term, that would leave a minor gap until a new all-time high above $20,000.

In the near term, based on market orders and on-chain levels, the analysts said that the $15,170 area would likely emerge as the new support area. The firm found that 860,000 addresses bought 465,000 BTC near that level, which would mark it as critical support. This means that if BTC remains comfortably above $15,170, it would strengthen the foundation for the next bull run. But if it drops below it, there is a possibility for a deep pullback.

While the on-chain and technical factors favor an overextended Bitcoin rally, traders have also expressed concerns. Above $16,000, the road toward a new record high is considerably straightforward. As such, traders anticipate that sellers will try to suppress the price at around $16,000, causing a consolidation phase to emerge.

But technical analysts state that the momentum of Bitcoin might simply be too strong to see a sharp pullback. Kevin Svenson, a chartist at Cryptowatch, said that buyers with FOMO — the fear of missing out — might have taken over the market. The upside momentum of BTC is strengthening, especially as it continues to see a staircase rally.

Svenson noted that BTC could see a rejection in the future. Still, the analyst said that BTC might reach $17,000 to $18,000 before a pullback occurs: “#Bitcoin is just floating upward. FOMO buyers have taken over the market… keep in mind. We may be entering an area of ‘over exuberance’ … expect a rejection back down to crush FOMO buyers.”

Other traders have similarly said that the dip Bitcoin saw on Nov. 12 to sub-$15,500 might have been “the dip.” After reaching $15,965, BTC suddenly declined by nearly 4% to $15,440. After the pullback, BTC made a run back to $16,000 and then proceeded to cleanly break out of the dreaded resistance level. Based on this price action, a pseudonymous trader known as “Loma” said that a large pullback in the short term is likely. The trader noted: “Guess that was the dip. I don’t think it makes sense to test $15,800 area again.”

The near-term bear case

The short-term bearish scenario for Bitcoin still revolves around a positive market sentiment. Analysts still anticipate BTC to rally toward the end of the year, but in the immediate term, they expect a pullback because historically, BTC has seen corrections throughout prolonged bull cycles. In 2017, as an example, when BTC rallied toward $20,000, it regularly saw rejections of 20% to 30%.

Michaël van de Poppe, a full-time trader at the Amsterdam Stock Exchange, said that Bitcoin is in the “disbelief phase.” Short-sellers and skeptics are increasingly betting against BTC as it reaches toward its record high. Yet, Poppe pinpointed the likelihood of 20%–30% corrections during uptrends. If these pullbacks occur, they could present great opportunities, he explained:

“I do agree with the statement that we’re in the disbelief phase. It’s also hard to state something else when $BTC is just 20% away from a new all-time high. Regardless of that, a correction of 20–30% that massive opportunity to be buying relatively ‘cheap’ $BTC. Take it.”

Josh Olszewicz, a Bitcoin technical analyst, referred to the Ichimoku Cloud indicator to point out that BTC is well above the cloud. This indicates that BTC is likely overbought and has rallied far beyond its support levels on higher time frame charts. The analyst said the $13,200 level would remain an area of interest for buyers.

Short contract liquidations not occurring?

A variable for Bitcoin’s price trend in the foreseeable future is the unusually low amount of short-contract liquidations. For instance, when BTC surpassed $16,000 on Nov. 13, only around $13 million worth of short liquidations were recorded on Bitfinex and BitMEX. Binance Futures and other exchanges also saw relatively low short liquidations compared with previous cycles.

Vinokourov believes that the lackluster short liquidations could mean that the Bitcoin market is in a healthier position. It signifies that short squeezes are not the main catalyst for the BTC rally. Rather, genuine spot market demand and institutional appetite could be causing the price of Bitcoin to increase. When the market is less dependent on the futures market, which supports high leverage, BTC is less vulnerable to volatility spikes to the downside, as Vinokourov noted:

“Curiously, short liquidations have been absent and there is a sound reason for that — the total OI may be at a record high, but the surge higher is actually being driven by stablecoin margined futures, as opposed to margined Bitcoin. Because of the said stablecoin exposure, there is no exposure to Bitcoin and, as a result, the market is in a much healthier condition than it would have been if the movement into stablecoin margin products did not happen.”

The combination of Bitcoin’s declining dependence on the derivatives market, the clear breach of the $16,000 resistance level, and various on-chain data points that confirm $15,170 as an important support level for BTC raises the probability of a broader rally. At the same time, due to the historical tendencies of BTC to see large pullbacks even amid parabolic rallies, traders are preparing for potential sharp drops to buy the dip. Regardless, the medium-term prospect of BTC remains positive, especially heading into the year-end.

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