Cryptocurrencies are undoubtedly the most volatile and hyped up asset class in finance this year. There is so much volatility to capitalize on both the long and short side. In order to capitalize on this volatility, it must be understood that there are many differences from trading stocks. Here are three important differences between day … Read more
Basic Cryptocurrency Definitions Cryptocurrency- Cryptocurrencies in simplest terms are limited entries into a database which no one can change without fulfilling specific conditions. These digital currencies use cryptography and transaction ledgers to create a secure, anonymous, traceable, and secure monetary system. Cryptography- A method of storing and transmitting data in a particular form so that … Read more
If you’ve been following our cryptocurrency lessons and videos, you would’ve remembered us talking about the Bitcoin fork and how it wasn’t important. What was important was Bitcoin consolidating for some time. Understanding Bitcoin’s Move What we know from the daily chart is that a move basically went from June to August, a multi-month range … Read more
Being a brand new industry, it is important to find trustable exchanges. Some of these exchanges are ones that I personally use in addition to a few alternative recommendations. Be careful because some pitfalls do exist in some of these. A quick google search will reveal that there are hundreds of exchanges. A lot of … Read more
When you think about entering a trade, you must always think about an inflection point. An inflection point is a spot where you can get into a currency where the risk is low. Everything in trading is based on setups. A setup is a list of conditions that must trigger before a trade is taken. … Read more
A great platform that allows traders access to the cryptocurrency market is Tradingview.com. This web based charting site is completely free. Head over to the site and search up the ticker symbol BTCUSD and select the Coinbase exchange. This is the ticker symbol for Bitcoin that’s currently trading in the Cryptocurrency market on Gdax. This … Read more