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Yaser_rahmati

Unknown Wallet Deposits 260000 ETH Worth $434 Million on Binance An unknown investor has made a huge transfer of ETH to Binance. Cryptocurrency whale tracking platform, Whale Alert, has observed the movement of a massive amount of Ethereum (ETH) to Binance, the world’s largest crypto exchange. According to blockchain data shared by Whale Alert, a total of 260,000 Ethereum were deposited on Binance in the hours leading up to press time. When the transaction was made, the 260,000 ETH were worth approximately $434.18 million. Not Surprising It is not surprising to see a whopping amount of ETH deposited to Binance. Ethereum is expected to undergo a significant upgrade, ultimately leading to the network’s transition from a Proof-of-Work algorithm to a Proof-of-Stake. The Ethereum team has speculated that the Merge will occur around September 13 – 15, 2022. With the upgrade happening soon, the price of Ethereum is expected to fluctuate heavily in the hours leading up to the upgrade as investors may favor the “sell the news” phenomenon.
by yaser_rahmati
Rising/Falling Wedge Ascending Wedge in an uptrend-bearish 1. This pattern occurs when the slope of price candles’ highs and lows join at a point forming an inclinin wedge. 2. The slope of both lines is up with the lower line being steeper than the higher one. 3. Place an order to breakdown and out of the wedge. The drop out of the wedge can be very dramatic. Descending Wedge in a downtrend -bullish 1. This formation occurs when the slope of the price candle high and lows join at a point forming a declining wedge. 2. The slope of both lines is down with the upper line being steeper than the lower one. 3. To trade this pattem, place an order on a break up and out of the wedge.
BINANCE:ETCUSD.PEducation
by yaser_rahmati
1
RSI Trend Strategy GuidelinesThe RSI is a versatile indicator, and can be used to provide entry signals during a trend. To get the signals a moving average is applied to the RSI. 1. Trades are only taken in the direction of the trend. For an uptrend only take longs. For a downtrend only take shorts (puts). 2. During a downtrend the RSI must move above 60 to indicate a pullback. When the RSI crosses back below its moving average (can be at any number, just as long as the RSI is or was above 60 recently) go short. 3. During an uptrend the RSI must move below 40 to indicate a pullback. When the RSI crosses back above its moving average (can be at any number, just as long as the RSI is or was below 40 recently) go long. 4. Give the price at least two or three bars (whatever time frame you are trading on) or more before considering an exit. This gives the price some time to move in your favor.
BINANCE:ETHUSD.PEducation
by yaser_rahmati
Using BTC Dominance With Current Bitcoin PriceSome people monitor bitcoin price along with bitcoin dominance to help them make trading decisions. Although they are not iron laws, here are some potential outcomes that various combinations of BTC price and dominance may be indicative of. 1. When the price and dominance of BTC are rising, it could signal a potential bitcoin bull market. 2. When the price of BTC is rising but BTC dominance is falling, it could signal a potential altcoin bull market. 3. When the price of BTC is falling but BTC dominance is rising, it could signal a potential altcoin bear market. 4. When the price and dominance of BTC are falling, it could signal a potential bear trend for the entire crypto market. 5. While these two factors do not imply a definite bull or bear market, historical observations suggest a correlation.
CRYPTOCAP:BTC.DEducation
by yaser_rahmati
1
Shooting Star Candlestick What is the Shooting Star Pattern? 1. A shooting star is a type of candlestick pattern which forms when the price of the security opens, rises significantly, but then closes near the open price. 2. The distance between the highest price of the day and the opening price should be more than twice as large as the shooting star’s body. What does Shooting Star tells you? 1. Shooting stars signals a potential downside reversal and is most effective when it forms after 2-3 consecutive rising candles having higher highs. 2. A shooting star opens and rises strongly during the trading session, showing the same buying pressure that is seen over the last trading sessions. 3. At the end of the trading session, the sellers push the price down near the open. 4. This shows that the buyers have lost control by the end of the day, and the sellers have taken over. 5. The long upper shadow indicates that the buyers are losing position as the price drops back to the open. 6. The candle after the shooting star gaps down and then moves lower on heavy volume. 7. This candle helps in confirming the price reversal and indicates that the price will continue to fall. Trading Scenario 1. Trade Entry: Before you enter a shooting star trade, you should confirm that the prior trend is an active bullish trend. 2. Stop Loss: You should always try to use a stop-loss order when trading the shooting star candle pattern. 3. Taking Profits: The price target for this trade should be equal to the size of the shooting star pattern. Limitations of Shooting Star 1. One should not only rely on a candle pattern like in a shooting star for making trading decisions. 2. This is why confirmation is required, one can confirm by the next candle or other technical analysis indicators. 3. One should also use stop losses when using candlesticks to control the losses. 4. A candlestick pattern is more significant when it occurs near an important level signaled by other forms of technical analysis.
BINANCE:ETHUSD.PEducation
by yaser_rahmati
First Layer On-chain Analysis: BTC DAA What are Bitcoin Daily Active Addresses? When you set up a Bitcoin wallet (or a wallet for other cryptocurrencies), your wallet gets a unique address assignment. This address is vital to ensure the sender sends their cryptocurrency to the intended recipient. A typical crypto wallet address contains a combination of alphanumeric characters – in other words, a combination of words and letters. Usually, the address is between 26 and 35 characters long, and it can be represented by a QR code. This string of characters comes from a hashed version of the wallet's public key and a checksum to avoid any typos. A checksum is a mathematical value assigned to a file sent through a network (in this case, the Bitcoin blockchain). The value verifies that the data contained in the file remains unchanged. Essentially, it's a method for error-checking data. Digital wallets make it easy to copy and paste your address to ensure accuracy. For example, you can quickly and easily scan a QR code or use the corresponding address to send and receive crypto over the blockchain. In short, the active address allows you to send or receive transactions within a set time period. Successful transactions are visible on the blockchain, which works as a public distributed ledger. You can observe and analyze other investors' activities on the ledger to better understand what's going on daily in the crypto world. Active Addresses An address becomes active as soon as it's been a part of a successful transaction – either as a sender or receiver. Because of this, active addresses help indicate daily users' activity on the blockchain. In other words, they represent the total number of active users on any given day on the network. So if you hear the term monthly active users, that's referring to the total number of users that either send or receive crypto in a specific month. However, it's important to note that a specific address is counted just once in a particular timeframe. So, if you're counting the number of daily active addresses but someone makes two transactions in one day, the address will only be counted once. Another essential point to note with active addresses is that they must be a part of an on-chain transaction. This is because on-chain transactions are considered successful once they've been recorded and confirmed on the blockchain. On-chain transactions are permanently recorded on blockchain networks, including private blockchains, public blockchains, hybrid blockchains, and consortium blockchains. On the other hand, wallets with off-chain transactions are not counted as active addresses, as they are not recorded on the blockchain like on-chain transactions. Instead, off-chain transactions use traditional peer-to-peer transfer methods, including exchanging private keys linked to a new wallet. How are Daily Active Addresses Related to Price? So, how do price and daily active addresses correlate? Generally, a price drop will also lead to a decline in daily active addresses. When crypto prices start to drop, investors will attempt to leave the market. However, active addresses can sometimes go up, as those who bought their Bitcoin at a low price will want to preserve any profits before the price falls even lower. In other words, they'll sell their Bitcoin and convert it to fiat currency. Additionally, some people will exit the crypto market to avoid succumbing to losses during a market meltdown. Investing can be a rollercoaster of emotions, and often people will sell coins during these fluctuations because they can't handle this emotional rollercoaster. When investors dump coins based on their feelings, it leads to fewer active addresses. For example, when China cracked down on Bitcoin in the summer of 2021, the number of daily active users dropped by nearly 60%, from 1.3 million to about half a million. Exploring the DAA Data Data from daily active addresses can be used in many ways. For example, their number can indicate how healthy the Bitcoin network is. The metric shows you how the network grows over time. It helps you tell how many people are utilizing the blockchain and whether a blockchain project is attracting new investors. Active addresses also follow the rules of supply and demand. If the demand for a product goes up while the supply remains the same, the price will increase. Similarly, if a network sees an increase in daily active addresses, the cost of the particular coin will also likely go up. For blockchain projects like Ethereum that have an unlimited supply, a high number of active addresses is crucial. If a network like Ethereum sees a lot of transit, that’s a good sign of scalability. In this case, the crypto gains value because of its utility instead of its scarcity (as with Bitcoin). Therefore, active addresses give you the trust to invest in the project. Building DAA Data into your Investment Strategy While you shouldn’t solely rely on DAA data for your investment strategy, it is an important factor to consider. If you’re thinking of investing in a new crypto project, paying attention to the DAA can tell you how much traction the project is gaining and how much trust others have in it. In terms of Bitcoin, the DAA data can help let you know when it may be a good time to buy or sell. For example, if you notice fewer daily active addresses, that may indicate you should sell, particularly if the price looks to be turning lower at the same time. However, if you’re using Bitcoin as a long-term investment strategy, DAA data shouldn’t be your sole reason for buying or selling. As we mentioned earlier, emotions can play into investing. If you wait out the price drops, you may see bigger returns in the future. Conclusion Paying attention to daily active addresses is an important component of Bitcoin investing. It can also help you learn about the popularity and trust around new projects. However, it shouldn’t be your only guiding factor in investing.
BEducation
by yaser_rahmati
RSI Overbought & Oversold Strategy What Is the Relative Strength Index (RSI)? 1. The relative strength index (RSI) is a popular momentum oscillator introduced in 1978. 2. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. 3. An asset is usually considered overbought when the RSI is above 70 and oversold when it is below 30. 4. The RSI line crossing below the overbought line or above the oversold line is often seen by traders as a signal to buy or sell. 5. The RSI works best in trading ranges rather than trending markets.
BINANCE:ETHUSD.PEducation
by yaser_rahmati
TA 2022-08-06: BTC Halving Analysis A. What is the Bitcoin halving? 1. The Bitcoin halving is an event where mining rewards are cut in half. 2. The event takes place every four years, according to pre-set rules in Bitcoin's code. B. A brief history 1. 2009 – Bitcoin mining rewards start at 50 BTC per block. 2. 2012 – The first Bitcoin halving reduces mining rewards to 25 BTC. 3. 2016 – In the second halving, mining rewards go down to 12.5 BTC. 4. 2020 – In the third halving, mining rewards drop to 6.25 BTC. 5. 2140 – The 64th and last halving occurs and no new Bitcoin are created.
BITSTAMP:BTCUSD
by yaser_rahmati
3
Geopolitical Analysis : Wild Palladium Rally [Ukraine Crisis] A. Element 1. Palladium is a chemical element with the symbol Pd and atomic number 46. 2. It is a rare and lustrous silvery-white metal. 3. It is discovered in 1803 by the English chemist William Hyde Wollaston. B. Platinum group metals (PGMs) 1. Palladium, platinum, rhodium, ruthenium, iridium, and osmium form platinum group metals (PGMs). 2. They have similar chemical properties. 3. But, palladium has the lowest melting point and is the least dense of them. C. Application of palladium 1. Catalytic converters (convert as much as 90% of the harmful gases in automobile exhaust into harmless substances) 2. A key component of fuel cells in which hydrogen and oxygen react to produce electricity, heat, and water. 3. Dentistry 4. Medicine 5. Hydrogen purification 6. Chemical applications 7. Groundwater treatment 8. Jewelry 9. Electronics D. Occurrence 1. Russia - Norilsk Nickel: 39% of the world's production 2. South Africa 3. Canada 4. U.S E. Palladium producers 1. Norilsk Nickel (MCX: GMKN, LSE: MNOD), palladium powder, and ingots 2. North American Palladium (NYSE: PAL), Canada's largest producer of palladium operating the Lac des Iles palladium mine near Thunder Bay, Ontario. 3. Stillwater Mining (NYSE: SWC), a major North American palladium miner in Montana.
TVC:PALLADIUMEducation
by yaser_rahmati
Measure Reward-to-Risk Ratio (RRR) key Takeaways 1. The risk/reward ratio is used by traders and investors to manage their capital and risk of loss. 2. The ratio helps assess the expected return and risk of a given trade. 3. An appropriate risk reward ratio tends to be anything greater than 1:3. How to Measure Reward-to-Risk (RRR) ? 1. Evaluate the potential price levels for your stop loss (SL) and profit target (PT) 2. Measure the distance between your entry and your stop loss (SL). This is your “Potential Risk“. 3. Measure the distance between your entry and your profit target (PT). This is your “Potential Reward“. 4. Divide the two: Potential Reward / Potential Risk. RRR Calculation 1. Potential Risk = 66.24 - 63.73 = 2.51 2. Potential Reward = 63.73 - 54.97 = 8.76 3. RRR = Potential Reward / Potential Risk = 8.76/2.51 = 3.49
BINANCE:LTCUSD.PEducation
by yaser_rahmati
Break-Even Point Calculation Break-Even Point (BEP) 1. The break-even point is the point at which total cost and total revenue are equal. 2. Meaning, there is no loss or gain. 3. Potential investors in a business not only want to know the return to expect on their investments but also the point when they will realize this return. Calculating the Breakeven Point (BEP) 1. Current Total Investment = (1*[email protected]) + (2*[email protected]) + (4*[email protected]) + (8*[email protected]) = 295361.17 2. Breakeven Point = Current Total Investment / (Total Number of BTC) = 295361.17 / 15 = 19690.74
Education
by yaser_rahmati
1
Martingale Strategy Martingale Strategy 1. The Martingale Strategy is a strategy of investing or betting introduced by French mathematician Paul Pierre Levy. 2. It is considered a risky method of investing. 3. It is based on the theory of increasing the amount allocated for investments, even if its value is falling, in expectation of a future increase. 4. When the Martingale Strategy is used in trading, the trader must double the position size when faced with a loss. 5. The Martingale system is a methodology to amplify the chance of recovering from losing streaks. 6. The amount spent on trading can reach huge proportions after just a few transactions. 7. If the trader runs out of funds and exits the trade while using the strategy, the losses faced can be disastrous. 8. The risk-to-reward ratio of the Martingale Strategy is not reasonable. Calculating the Breakeven Point (BEP) 1. Current Total Investment = (1*[email protected]) + (2*[email protected]) + (4*[email protected]) = 212502.25 2. Breakeven Point = Current Total Investment / (Total Number of BTC) = 212502.25 / 7 = 30357.48
Education
by yaser_rahmati
Trading Hours and Market ClockTime Zone: UTC + 4:30 01. Wellington NZX: 02:30 am - 09:15 am 02. Sydney ASX: 04:30 am - 10:30 am 03. Tokyo JPX: 04:30 am - 10:30 am 04. Singapore SGX: 05:30 am - 01:30 pm 05. Hong Kong HKEx: 06:00 am - 12:30 pm 06. Shanghai SSE: 06:00 am - 11:30 am 07. Mumbai NSE: 08:15 am - 02:30 pm 08. Dubai DFM: 10:30 am - 03:15 pm 09. London LSE: 11:30 am - 08:00 pm 10. Zurich SIX: 11:30 am - 08:00 pm 11. Frankfurt FWB: 11:30 am - 08:00 pm 12. New York NYSE NASDAQ: 06:00 pm - 12:30 am 13. Toronto TSX: 06:00 pm - 12:30 am
BINANCE:ETHUSD.PEducation
by yaser_rahmati
TA 2022-08-04: ETH/USDT1. There is a major bearish trend line forming with resistance near $1,660 on the hourly chart of ETH/USDT 2. If Ethereum fails to rise above the $1,670 resistance, it could start another decline. 3. An initial support on the downside is near the $1,620 zone. 4. The next major support is near $1,560, below which there is a risk of a sharp decline. 5. In the stated case, ether price may perhaps decline towards the $1,505 support in the near term. 6. Any more losses might call for a test of the $1,450 level.
BINANCE:ETHUSD.PShort
by yaser_rahmati