Friday, March 26.
The week is coming to an end, so we can talk about the most interesting news in the crypto industry for this week.
NFT – a new vector of development of the crypto industry
Although we mentioned in the title of the article that non-repairable tokens are a new vector of development, the first experiments with their introduction began in 2013. Today, NFT tokens sell intellectual rights to artwork, commemorative events, and other objects from ordinary life.
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Algorithmic trading – what is it?
Retail trading (manual) is the main type of trade in financial markets, but not the only one. Various trading software are gaining in popularity, making it easier for traders to do most of the basic and routine tasks. Newcomers to the market choose the path of least resistance and use automatic trading. However, it is worth noting that this method is not suitable for everyone due to its cost and complexity. This method is resorted to because the machine does not have feelings or emotions that will not interfere with the trade. There are initially built-in indicators in the algorithm that will be clearly executed by the program.
BTCUSD rate forecast from March 22 to 28
In the previous week, there were slightly different expectations from the main cryptocurrency. We saw the end of the correction, but the continuation of the rally did not happen. It has been suggested that this Bitcoin price movement was related to the performance of Fed head Jerome Powell. Investors are waiting, because it could have had a big impact on the movement of the price of digital gold. We will not focus on it, but it is worth noting that there have been many important statements. Based on this, it is possible to make a small forecast of further BTC movement for the next 7 days.
What kind of mistakes beginners traders make?
The description of the trading process can be put into one sentence: the market participant predicts the further movement of the price in order to benefit from a properly open position. It sounds simple and simple, and the task is, like, not so hard. However, at the beginning of the way traders often confuse trade and game – here the same bets, if you guessed, then took the prize. Perhaps only the trade in binary options can be attributed to the game, where participants need to precisely guess the subsequent movement of the price.
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Added Trailing Stop for Binance Futures USDS-M and COIN-M bots
Content:
- What is a Trailing Stop and what is it for?
- How is the price change tracked after the trailing stop mechanism is activated?
- How do I enable Trailing Stop in a bot?
- Recommendations for setting up a Trailing stop mechanism.
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News of the week. Friday, 12th of March
NFT mania
It is common knowledge that there are tokens of different standards: ERC-20, ERC-223, ERC-721 and others. Some are used in the Ethereum blockchain ecosystem, others in video games. The ERC-721 token was, let’s say, an unnecessary link: it is not interchangeable, unlike the ERC-20 on which many crypto projects are built. Each such token has a price that varies from the value of what the token represents. It was originally created for Cryptokitties: there are kittens in the game (which are implemented with these tokens). They differ in breed, color, size, and cost.
Creating a bot for trading perpetual cryptocurrency futures on the exchange FTX.com
Content:
- Opening an account on FTX.com
- Adding funds to the exchange’s account FTX.com
- Creating an API key on FTX.com
- Adding an API Key FTX.com in RevenueBot
- Creating a bot for FTX.com perpetual cryptocurrency futures.
- Recommendations for trading on FTX.com
- General recommendations for trading Cryptocurrency futures using leverage
How do you find an efficient trading pair?
In this article, we will tell you how to choose the most appropriate and effective pair of cryptocoins to trade. To do this, let’s take a closer look at the new indicators in the summary table, available in the Tools menu, the Volatility Indicators tab:
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API key for trading with the bot on the HitBTC exchange
Many users have questions about how to create an API key on the Hitbtc cryptography and add it to Revenuebot.
This instruction will help you to connect the bot to Hitbtc through apis with correct permissions.
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