The past two weeks have been relatively calm as Bitcoin traded in the $16,000 to $17,500 range. It appeared that the contagion effects from the FTX collapse were slowly starting to fade, however in the past few days more information has surfaced surrounding Grayscale Bitcoin Trust (GBTC) and its potential insolvency. On Wednesday GBTC closed down -7.42%, giving prospective buyers a record 43% discount on Bitcoin. Many are hypothesising that a large institutional investor is…
Coinrule is excited to announce that KuCoin Futures are now live! Start trading Futures on Coinrule now! Ability to ShortWith the integration of KuCoin Futures, you will now be able to short assets on KuCoin without actually owning the underlying assets. Taking a short or sell position on KuCoin Futures is essentially a bet that the price of the asset will fall. When you “short sell” a futures contract, you are buying a contract to…
The past two weeks have been filled with more pain as the contagion effects from FTX have continued to spread and the market has started to get more information on the events that culminated in the FTX scandal. On November 11th, Sam Bankman Fried (SBF) stepped down as the CEO of FTX. Shortly after, John Ray III was appointed as the new CEO, a Chicago-based lawyer who has previously served as a restructuring officer in…
As part of Coinrule’s new product updates, we have now launched support for Open High Low Close, giving you even more customizability for your strategies! Open High Low Close allows you to customise your strategies in a variety of additional ways. You can set actions to trigger when either the open, high, or low price of the current candle crosses above or below, or is less than or greater than, the current price or a…
As part of Coinrule’s new technical indicator offerings, the MFI is now live on Coinrule, giving you a greater degree of customizability for your strategies. The MFI, or Money Flow Index, is a technical oscillator that uses a combination of price and volume data in order to identify overbought or oversold coins. Similar to the RSI, the MFI oscillates between 0 and 100. However, with the MFI, coins are considered overbought when the MFI is…
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…