The last 48 hours have been some of the craziest hours the cryptocurrency market has ever experienced. This comes after FTX, the 3rd largest cryptocurrency exchange behind Binance and Coinbase, paused user withdrawals and announced they were seeking to raise funds to avoid bankruptcy. What makes this more surprising is that in January 2022, FTX had raised funds at a $32 billion valuation. These events began to unfold on the 2nd of November when a…
Continuing with our new technical indicator offerings, Bollinger Bands are now live on Coinrule! What are Bollinger Bands? Bollinger Bands are among the most famous and widely used technical analysis indicators. They were created by John Bollinger in the early 1980’s. A Bollinger Band is a technical analysis tool defined by a set of trendlines traditionally plotted two standard deviations (positively and negatively) away from a simple moving average (SMA) of an asset’s price. The…
The past two weeks have been another two weeks of low volatility, making October the month with the lowest volatility for some time. However, in the past few days, the upper and lower Bollinger Bands have begun to diverge, implying volatility is starting to pick up. Many active traders will be happy to see a change from the sideways market we have experienced in recent weeks. From a technical point of view, the bulls will…
As part of Coinrule’s new technical indicator offerings, Coinrule has now integrated support for the MACD (Moving Average Convergence Divergence) indicator, giving you even more customizability for your strategies! The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of an assets price. The MACD is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. The result of that calculation is the MACD line. A nine-day…
As part of Coinrule’s new technical indicator offerings, Coinrule has now integrated support for 4 Exponential Moving Average (EMA) periods! You can now build EMA8, EMA12, EMA26 and EMA55 into your strategies, giving you a greater degree of customizability for your rules. EMAs are a type of moving average that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving…
The last two weeks in crypto have been comparatively less volatile than the two weeks prior and it finally looks like we’re getting some reprieve. The market operations that the Bank of England started engaging in appear to have been successful in cooling the pound sell-off as it has gained back some ground against the dollar. This appears to have, at least temporarily, brought some calm to financial markets. Subsequently, Bitcoin has remained stable as…
Coinrule has integrated 5 new Moving Average periods meaning you now have even more customizability for your rules! You can now build MA3, MA27, MA32, MA65 and MA75 into your strategies, giving you a huge array of MA values to choose from: Moving Averages are one of the simplest technical indicators. They work by smoothing out price trends by filtering out the noise that you get from short-term price fluctuations. Moving Average crossings can provide…
In terms of the global macroeconomic picture, the past two weeks have been nothing short of a firestorm. Last week, the UK government announced plans for unfunded tax cuts and additional government borrowing in the ‘mini budget’. This caused a drastic reduction in market confidence. Consequently, the Pound crashed to historically low levels against the U.S. dollar at under $1.04. The volatility currently playing out in financial markets is unprecedented and akin to what we…
ETH 2.0 is here! Yesterday, at around 3AM EST, Ethereum’s long-awaited transition from Proof-of-Work to Proof-of-Stake took place. Prior to the event, many were left wondering what the impact of this important occurrence would be on the market. Would a successful merge lead the way to a more bullish market outlook? Or would a failed merge lead to further capitulation and turmoil? At first glance, it appears the merge has been successful. This event will…
Crypto Traders view this August with mixed emotions. It looked like the bulls were out in full force as we continued to rally from the June lows. However, on August 19th, total crypto market cap fell 3.3% in under 24 hours, resulting in a stark downturn in market sentiment. In the relief rally that started in mid-June, the price of Bitcoin rose in an ascending channel. Starting from a low of around $17,600, it reached…