One thing about financial markets is that prices can experience significant swings. This year alone, there have been several fluctuations in the crypto market. 

Despite this, experienced traders translate volatility into opportunities thanks to these seven tips. This article will take a deep dive and provide a straightforward guide to trading crypto in the 2021 bull market. 

Bull and Bear market

In a bear market, prices trend down. This often happens because there is a negative market sentiment and traders feel less confident about the market. When this happens, more people are selling. This subsequently causes a decrease in prices, which leads to more pessimism and, therefore, more selling.

Conversely, a bull market is a condition in which market prices trend up. A bullish trend occurs when there is a significant, sustained increase in market prices across the board. However, it takes proper insight to predict an impending bull market. A bull market is marked by trader/investor confidence about the market – it describes a state of overall optimism about prices, leading to price rises and even more optimism.

Did you know? Both names are derived from the direction from which that animal attacks. The bull thrusts its horns upward, while the bear clamps down on its prey.

The 2021 crypto market is an excellent example of a bull market as there has been intense upward market activity. However, unlike traditional markets, the crypto space is influenced by several factors. Understanding these factors can help you become a better trader. 

This article will be going through 7 tips for trading in the 2021 bull market.   

1. Follow Trends, Not Pumps

Trading is not about getting rich quickly off the markets. Many people have learned this the hard way this year. However, you do not have to. Seasoned investors and the top 1% (those that have the highest stakes) are the ones who profit from others chasing pumps.

Also, bull markets are noisy because of the excitement, and you must sift through the daily noise. The market fluctuations this year have happened for several unpredictable reasons. Elon’s tweets, Binance’s FUD, and China’s ban had a major role in how the price moved over the recent months. There’s no need to feel bad about missing out on previous and even future rallies. Instead, please pay attention to the trends and play it smart. New opportunities come every day!

In bull markets, it is best to ride the trends. Automated strategies can help you keep tabs on the market and enter the right trades while limiting losses.

2. Don’t be Tempted to Margin Trade

Margin trading is a great way to multiply your position sizes by increasing your leverage. However, often the risks offset the benefits of margin trading. You can suddenly face huge losses when liquidation hits. A liquidation occurs when the exchange closes the position, leaving the trader with a loss that he won’t recover if the market rebounds back higher.

Many newbies make the mistake of over-leveraging their positions in margin trading. The fear of losing everything and seeing your portfolio go down to zero should be enough reason to avoid margin trading right now. 

For a rough example, with 10x leverage, a 10% move against you wipes you out, and with 100x leverage, a 1% move against you liquidates your entire capital. The actual numbers are even scarier once you factor in trading commissions and liquidation fees.

You can trade using leverage with Coinrule to increase your returns potentially, but never forget always to use a low degree of leverage.

3. Have a Trading Strategy

That may sound like something many give for granted but it’s likely the most important among these seven tips for trading.

Trading without a plan is planning to fail. Success in the crypto market is about understanding market patterns and then using them to make the right trades. Patterns help you predict moves, and you can only see these patterns when you have a defined trading strategy.

A strategy or plan helps you do your due diligence before entering into trades. It is also a great way to limit the number of losses, prevent catastrophic losses, and make outsized gains. 

One of the main advantages of using an automated trading system is that you can easily adhere to the initial plan without stress or emotions interfering with your trading decisions.

4. Do Your Own Research

There is a lot of noise about crypto these days on the internet and mainstream media. For most, it is not easy to shift between what’s valuable and what is not. This is why we suggest that you always do your own research before entering into any trades, especially for lower-priced cryptos with small market cap coins.

Beginners often look to others for crypto recommendations and end up losing money. When you do your own research, you understand each coin better and are more knowledgeable about entering and exit trades. 

Don’t confuse genuine advice with a shilling. Don’t forget that many are interested in adding hype to the coins they have large stakes in.

5. Watch for Reversals

The truth is that there are tons of available information, guides, and recommendations out there. However, to make sense of it all, you need to apply what you know correctly.

In a bull market, you need to be on the lookout for sharp reversals constantly. This helps you determine the best time to exit trades or take some profits off the table.

It is also crucial to have price targets and stop losses as part of your trading plan. Getting a good entry is only half the work. You also need to know when to exit the trade strategically, whether the trade goes for you or against you.

6. Don’t Trade based on Emotions

The markets are highly volatile and, when it comes to trading, it is best to deal with facts and data instead of feelings. Traders regularly have to deal with emotions like fear and greed. It is essential to be ready for any possible scenario. You cannot afford to trade based on your feelings. 

To make money in a bullish market like the one we currently have, you need discipline. That’s why you need to always stick to your trading plan. 

Bots have no feelings. They execute trades in cold blood based on the setup of your trading system. By setting clear, logical rules into algorithms, you can cut your losers and ride your winners much more effectively, efficiently, and emotionlessly.

7. Diversification is Crucial

Diversification is one of the best tips for any investor in today’s crypto market. You can reduce risk by allocating funds across different assets. This way, you don’t have to depend on the performance of a single asset.

Furthermore, for diversification to be more effective, you should try holding assets uncorrelated from each other. 

To take it one step further, Coinrule helps you diversify across strategies. The pros don’t tell you that they are never just buying or just selling – they are often doing both simultaneously to trim the risk at any time.

You can run multiple strategies at the same time with Coinrule. One may be buying dips on your favorite coin, another may scalp short-term trades, while another is rebalancing your portfolio. You have maximum flexibility to manage your wallet.

Rounding Up

Cryptocurrencies are reshaping the financial world, and every day, more people are looking to trade them. That is excellent news for the whole ecosystem because it means more market activity, liquidity, and efficiency. 

However, volatility is the primary concern with the crypto market, especially during unprecedented times like these. If you pay attention to these seven tips for trading, you ensure that you make the best of the market trends.   

At Coinrule, we help you make the best trades. We provide a holistic view of the markets and help you to trade better. 

DISCLAIMER

I am not an analyst or investment advisor. Everything that I provide here site is purely for guidance, informational and educational purposes. All information contained in my post should be independently verified and confirmed. I can’t be found accountable for any loss or damage whatsoever caused in reliance upon such information. Please be aware of the risks involved with trading cryptocurrencies.

The post Seven Tips For Trading In The 2021 Bull Market appeared first on Coinrule.

What is the Index?

The Crypto Fear and Greed index is a metric that provides a proxy of the state of the Crypto market. By analyzing multiple elements and assigning to each of them a specific weight, the index can say if buying Bitcoin or other cryptocurrencies is currently a good idea or not. Alternative.me publishes the index daily and derives a single score representing all of those sources. 

The index has historically spotted with significant precision the best times when it is more profitable to buy Bitcoin or other Cryptocurrencies. Filtering out the daily “noise” of price ups and downs provides valuable guidance for traders and investors.

How is the Index calculated?

The index updates every day and uses multiple weighted indicators to determine a simple meter from 0 to 100. 

Currently, both technical and sentiment indicators blend into the Crypto Fear and Greed index.

• The volatility measures the magnitude of price swings in the last 30 and 90 days.
• The market momentum and volume capture how market participants are aggressively participating in the price moves.
•  The analysis of social media provides a snapshot of the current market sentiment.
• The Bitcoin Dominance measures the investors’ appetite for risk. Generally, the higher is the Bitcoin Dominance, and the more conservative the traders are, as they seek refuge in Bitcoin rather than other cryptocurrencies.
• The Trends tracks various Bitcoin-related search queries on Google.

Understanding the index

When the Crypto and Fear index is low, it means “Extreme Fear,” while when it prints higher values, it means “Extreme Greed.” 

As the main rule for every trader and investor is to Buy Low and Sell High, using the Crypto Fear and Greed index makes sense as it helps to spot the highs and lows of each market cycle. 

When the index signals intermediate values (between 50 to 70), the market may look uncertain or trading sideways. That is the perfect time for running specific strategies for these market conditions.

With Coinrule, you can catch the opportunity of selling into short-term price rallies to aim to buy back Bitcoin or other cryptocurrencies at lower prices. Thanks to a strategy like this, you can accumulate more of your favorite coin when the price moves with low volatility.

On the other hand, as soon as investors get more greedy (signaled by index values above 70), the market becomes very exuberant. So other trading strategies allow you to capture upside potentials for all the coins on the market. This is an example of rules which enable scalping short-term trades while keeping a flexible stop-loss to protect your positions.

What is the Crypto Fear and Greed Index showing now?

Currently, the fear and greed index sits at 52, recovering from an extreme drop on 26 of April that hit the level of 26, the lowest level that has been recorded since April, 28th 2020. Since this shows that the index has just increased from a period of extreme fear, this generally signals a good time to buy Bitcoin. 
Using the index as a strict buy indicator is not advised, however using it along side your usual trading tools, like technical indicators can be of further confirmation about an entry point.

The level of the index coupled with other indicators such as RSI can prove to be a great strategy. Just like the Crypto Fear and Greed Index, also the RSI usually spots great buy opportunities for Bitcoin.

Applying the Index to your strategy

The best way to optimize the return of your trading strategies is to set up the parameters according to market conditions.

For example, given that the Crypto Fear and Greed Index is signaling still uncertainty in the market, this could be an interesting opportunity to run a strategy to profit from sideways price swings like the following.

Should the value of the index increase above 70, that will be a positive signal of momentum. A strategy to buy short-term dips on Altcoins could provide positive returns.

Key takeaways

Overall the Fear & Greed Index can be a valuable tool to anticipate when to launch certain types of rules according to market conditions. Ultimately the profitability of rules is linked to the market conditions, insight into the sentiment of the market can be a valuable asset in positioning rules. 

• The Crypto Fear & Greed Index analyzes emotions and sentiments from different sources, then aggregates them into a single metric.
• Zero on the index means “Extreme Fear,” and 100 means “Extreme Greed.” The index gives a more real-time reading of the cryptocurrency market than price alone provides. 
• You can use the index to assess the current market conditions and launch your trading strategies accordingly.

Disclaimer

I am not an analyst or investment advisor. Everything that I provide here site is purely for guidance, informational and educational purposes. All information contained in my post should be independently verified and confirmed. I can’t be found accountable for any loss or damage whatsoever caused in reliance upon such information. Please be aware of the risks involved with trading cryptocurrencies.

The post What Is The Crypto Fear And Greed Index? It May Signal To Buy Bitcoin appeared first on Coinrule.

The market moves at the speed of light, and it’s impossible to follow each price move. The good news is that you can use Coinrule to manage your portfolio 24/7 with no stress. In this article we reviewed the best trading strategies that can work well in the crypto bull market 2021.

You can accumulate the best cryptocurrencies, take profit or rebalance your portfolio according to the daily market volatility.

Now that you know what the best strategies are, aren’t you curious about what are the top 10 cryptocurrencies to buy in 2021?

Crypto biggest trends

In 2017, the ICO frenzy was the primary catalyst for the crypto bull market. The development of the DeFi ecosystem warmed up the Altcoin market during the summer of 2020. The market may look irrational in the short-term, and prices rising exponentially pose create doubts that this could be a new bubble. But when you look at market cycles from a larger perspective, you can identify new emerging forces and trends driving the prices. 

Once the frenzy passes, investors will re-allocate their funds to the most solid coins, supporting their price. Identifying the trends of the market will help to spot the best coins to add to your portfolio. 

These top 10 cryptocurrencies to buy give you a significant edge in the future. 

DeFi

There is no question that Decentralized Finance is one of the biggest trends in crypto today. At the moment, there are more than $40 Billion locked up in decentralized finance applications—the most prominent portion sitting in decentralized exchanges and lending platforms. 

Uniswap (UNI)

Uniswap is a fully decentralized on-chain protocol for token exchange built on Ethereum. It uses liquidity pools instead of order books. Using Uniswap, anyone can quickly swap between ETH or any ERC-20 token. Additionally, users can earn fees by supplying liquidity. Investors can supply any amount. Uniswap has over $4 Billion in tokens locked on the platform, the largest amount on any Decentralized exchange. 

Why it’s hot

Before Uniswap, the lack of liquidity was the main problem affecting decentralized exchanges. Introducing an innovative mechanism based on liquidity pools, liquidity providers now have the incentive of locking their coins to earn passive income. The business model has proven to be solid. Now that more exchanges are enforcing more strict regulatory processes involving KYC and geo-limitations on trading activities, decentralized exchanges will offer an attractive alternative for crypto investors. 

Enzyme (MLN)

Asset management is a trillion-dollar industry. Enzyme has created a protocol to migrate the asset management industry to Blockchain technology. Enzyme is bringing the traditional finance world to DeFi, with on-chain asset management that enables users to retain custody of their assets while investing with portfolio managers. 

Why it’s hot

As traditional finance migrates to DeFi, this will be a game-changer for how people can invest their money. Enzyme significantly lowers the asset management industry’s entry barriers, adding transparency and democratizing the entire process. The time of black boxes and fixed returns is behind us now.

Enzyme deserves a spot among the top 10 cryptocurrencies to buy as it’s a unique project with minimal competition.

Balancer  (BAL)

Balancer is an automated market maker. It reduces the cost and slippage between trades of various cryptocurrencies. It is the decentralized replacement for the traditional market maker, a third-party entity that provides liquidity to trade assets. Balancer uses pools that are collections of user-supplied funds used to prove liquidity to trades and transactions. Liquidity mining has become a popular topic in the world of DeFi, and BAL has been doing this exceptionally well, becoming the main topic of conversation. 

Why it’s hot

Balancer brings the concept of liquidity pools to the next level, allowing liquidity providers to add up to 8 different assets to the pool. Balancer uses advanced algorithms to ensure each pool retains the correct balance of assets even as the prices of the coins in the pools might vary.

Tokenizations and Stable coins

One of the biggest promises of Blockchain technology is to tokenize virtually any asset globally. What if you could buy or sell the fractions of real estate ownership, stocks, credits, or intellectual properties?

Cryptocurrency prices are very volatile, and that scares away the average investor. The neverending debate of whether cryptocurrencies are a good store of value can be quickly resolved by the impressive development and rise of new stable coins. Projects that promise tokenization of global assets must be included in the list of the top 10 cryptocurrencies.

Synthetix (SNX)

Using Synthetix, investors can create their own synthetic assets—called Synths. They are blockchain assets pegged to real-world assets like fiat currencies, cryptocurrencies, and commodities. Their price is tracked in real-time using oracle data feeds, allowing investors to buy, sell, and trade on these assets like the real thing, only without a central body. The protocol enables limitless types of tokenized assets. For example, Synths like sAAPL give investors exposure to Apple’s stock price. If the investor believes that the price is overvalued, he can buy the Inverse Synths, which rises in price when Apple’s price falls. 

Why it’s hot

Cryptocurrencies have been so far a small niche in the global financial markets. Tokenized assets will attract new investors to enter the space, bringing new capital and representing a strong catalyst for future developments.

Terra (LUNA)

This is a digital currency with the primary goal to protect users from paying extra hidden fees in the e-commerce world by bringing blockchain technology adoption on a global scale. Terra is a non-collateralized stablecoin and aims to create a diverse crypto ecosystem with assets tied to the US dollar, Chinese Yuan, Euro, and other fiat currencies. One of Terra’s main features is its interoperability on different Blockchain, such as Ethereum, Solana, and Cosmos. 

Why it’s hot

TerraUSD is an interest-bearing asset. In a world where zero-interest rates are the new normal, investors’ possibility to hold a USD-pegged asset and gain interest looks very attractive. Leading crypto VCs back the project, such as Galaxy Digital, Coinbase Ventures and Pantera Capital.

Oracles and Data

Smart contracts enabled the true potential of Blockchain technology. But oracles expanded the boundaries of what is possible to build using a smart contract. Data access makes the difference in any business, and crypto-related projects are no exception. 

The easier is access to real-time and precise data feeds, the more likely the smart contract will work flawlessly. 

Chainlink was among our top 10 cryptocurrencies to buy in 2019, but nowadays new projects are emerging.

Band Protocol (BAND)

Band protocol improves smart contract access data outside of a specific blockchain. Their cross-chain data oracles can collect off-chain data, aggregate it, and then provide it to any number of decentralized apps and smart contracts in a blockchain agnostic way. The aggregated data can be relatively schematic-free, which is part of Band protocol’s power. DeFi and gaming applications information can include personal health care data, real estate documentation, and even travel logs by connecting smart contracts to external data sources. 

Why it’s hot

Again the keyword for Band’s success is interoperability. The protocol is built on Cosmos and it is compatible with all major Blockchains. On top of that, Band allows improved cost efficiency and faster response times. The mechanism of Band’s data feeds assures that the data is entrusted and secure.

The Graph (GRT)

Just as Google shaped internet search by indexing, Blockchain and Web 3.0 have a similar need as the pre-Google internet did. Basic information like understanding token transactions or accessing user data is complicated to get, creating a demand for indexing and querying information regarding basic blockchain transactions.

The Graph has filled this need. Before Google, there were millions of webpages scattered across the web. Finding data about any topic was very time-consuming and challenging. Retrieving data across blockchain platforms has been one of the most prominent trends in blockchain development.

Why it’s hot

The Graph allows indexing of data on the Blockchain, making the Blockchain’s organizational pattern more efficient and blockchain data access more efficient as-well. As one of the most commonly used blockchain applications, over 3,000 subgraphs have been deployed on The Graph. Nowadays, every application needs API connections to work, and similarly, The Graph will enable countless new dApps in the future.

Collectibles

In 2017, one of the most evident signs of a bubble growing in the crypto ecosystem was the astonishing digital kitties valuation. People were paying them thousands of dollars worth of Ether. At a closer look, that was the expression of a new generation attributing a real value to digital things.

NFT are definitely the next-big-thing in crypto and are a must in any list of top

Rarible (RARI)

Rarible is an NFT (Non-fungible token) platform to secure digital collectibles secured with blockchain technology. Rarible represents a digital NTF platform with a particular focus on art assets. Specifically, Rarible includes a marketplace that allows users to trade various digital collectibles or NFTs. 

Users are also able to create these assets which is commonly known as “minting” NFT’s. Various content creators can use this to sell their creations such as books, music albums, or movies as NFT’s.

Why it’s hot

Art’s valuations have been on the rise for years now. The rise of NFTs is just the most natural evolution of the same trend. NFTs make it easy for investors to buy intangible assets like intellectual properties. On the other hand, artists can now access a global marketplace with negligible barriers to entry.

Sandbox (SAND)

Sandbox is a virtual world running on Ethereum. It allows people to build, own and monetize their entire gaming experience. This can be done by owning pieces of land within the game or creating new digital assets such as NFT’s in the sandbox. SAND holders can participate in the platform’s governance in a decentralized manner using a Decentralized Autonomous Organization. 

Why it’s hot

Sandbox has accumulated several notable partnerships such as Atari and Crypto kitties. Gaming is a multi-billion global industry, and every project targeting such a large audience deserves attention.

Decentraland (MANA)

Decentraland is a fully decentralized 3D virtual world, where people can own and develop their virtual land. Alternatively, users can walk around and interact with what other users have created and connected with other people exploring Decentraland at the same time. The landscape of the project can include numerous items ranging from static 3D scenery to interactive objects. Each piece of tokenized land is an ERC721 token and is non-fungible, and houses the coordinates of the piece of land it represents. MANA is the native token that fuels the economy of the Decentraland ecosystem. It is an ERC-20 token.

Why it’s hot

Mana was the first decentralized virtual world, and because of that, it has a first-mover advantage over competitors. Think of Decentaland like Second Like 2.0. Given the success that Second Life achieved over the years, the future may be very bright for Decentraland.

Diversifying your portfolio means adding many different coins to reduce the overall risk. In reality, cryptocurrencies have a high correlation, so even having dozens of different coins may significantly reduce the risk.

Buying these top 10 cryptocurrencies represents a diversified exposure to the best crypto trends in 2021 and can add significant value to your portfolio. 

DISCLAIMER

I am not an analyst or investment advisor. Everything that I provide here site is purely for guidance, informational and educational purposes. All information contained in my post should be independently verified and confirmed. I can’t be found accountable for any loss or damage whatsoever caused in reliance upon such information. Please be aware of the risks involved with trading cryptocurrencies.

The post Top 10 Cryptocurrencies To Buy In 2021 appeared first on Coinrule.

OKB is a utility token created by the OK Blockchain Foundation and adopted by OKEx. It is an ERC-20 token, currently 33rd largest by Market Cap according to Coinmarketcap, and is mainly traded on the OKEx exchange. OKB volume tops $100 million on a daily basis, some of the most common trading pairs are USDT, BTC, and ETH. 40 different exchanges already list OKB, these include BitMax, BKex, and Coinall.

Interestingly, OKEx provides a number of special features specifically for OKB Holders such as Trading Fee Discounts.

What is OKEx?

OKEx is a leading Cryptocurrency Exchange that provides a vast number of tokens and Futures trading pairs. It is the 3rd largest exchange by volume, trading approximately $3.43bn daily. The exchange uses blockchain technology to provide advanced financial services to traders globally. Among the many features OKEx provides, the most interesting ones are its customer-to-customer trading feature, spot margin trading, and index tracking options.

How can Coinrule users benefit from OKB?

OKEx is introducing a new feature for OKB in collaboration with Coinrule. As a Coinrule user, if you purchase OKB and hold it for 30 days you will receive 1.67% interest. (20% interest on an Annual Rate)

How does it work? 

1. You must be a Coinrule user. If you aren’t one yet, what are you waiting for? Click here to sign up!
2. To be eligible, you must complete the KYC Level-2 verification on OKEx and have not held OKB in the past 30 days. 
3. Buy OKB and hold for 30 days.
4. Finally, no further actions required, being a Coinrule user the interest is calculated automatically after 30 days.

Conditions

• Minimum eligible amount is 20 OKB.
• Maximum eligible amount is 100 OKB.
• Each user is allowed to participate once in this activity.
• You must hold OKB in a secure wallet on OKEx.
• OKEx will distribute the payout monthly.

How to do this with Coinrule? 

1. Go to OKEx.
2. If you already have an account on the exchange, make sure to complete the KYC Level-2 verification. If you don’t, please create an account and complete the KYC Level-2 verification.
3. Link your OKEx account to Coinrule, instructions on how to do so can be found here. 
4. An efficient way to start buying OKB through Coinrule would be to set up an accumulation rule. See below for examples of different types of rules.

Time-based Dollar Cost Averaging of OKB

Price-based Dollar Cost Averaging of OKB

Reminder: If you set up a rule like the above, remember to define how often you want to execute a buy order to avoid over-trading!

Find more information about Dollar-Cost Averaging here.

Passive income on OKB

Dollar-Cost Averaging or DCA is a common long-term strategy that consists of buying a certain amount of a coin for an extended period, without worrying about the short-term price volatility. That represents a relatively conservative investment method that focuses on the big picture and long-term potential returns.

Thanks to Coinrule’s partnership with OKEx, you could add an additional passive return on your OKB holdings!

Signup on Coinrule and start earning passive income on your OKB coins now!

The post Earn Passive Income On OKB Tokens With Coinrule appeared first on Coinrule.

Liquid is a relatively young exchange launched in 2018, while its parent company Quoine has operated in the business since 2014. The exchange is based in Japan, where it holds a licence issued by the Japanese Financial Supervisory Authority. This, in particular, is a key element that offers evidence of reliability. 

Coinrule traders have now an additional option for their trading systems, as Liquid provides a wide range of trading pairs, some of which are not traded on any other exchange covered so far by Coinrule.

For example, our users can now trade Qash, the native Liquid coin, both versus other crypto or a selection of fiat currency.

“Synergies like this one make the crypto space a stronger eco-system. Since the beginning, at Coinrule, we looked at Liquid as an example of a reliable brand improving the way people access trading. I see a lot of mutual intents in serving retail traders with design-driven tools” 

Gabriele Musella – CEO, Coinrule

What we like the most

Unlike other exchanges, Liquid allows multiple coins to trade versus a selection of FIAT currencies. For example, traders can choose to buy and sell Bitcoin versus EUR, USD, SGD, JPY, AUD and HKD. In times of market volatility that represents a significant added value for traders that seek more opportunities.

Having access to more FIAT currencies means that now our users worldwide can get exposure to FX easily. Savvy management of FX exposure could be part of a broad portfolio-management strategy.

Improve your trading system with liquid order books and competitive trading fees

If you are looking for a professional trading experience, Liquid is the right option for your needs. We all know that a tight bid/ask spread and large order sizes in the order books increase the preciseness of the trades and improve the performance of an automated system. 

Liquid ranks among the top-volume exchanges globally.

Another key aspect to look for when deciding on which trading venue to deploy your trading strategy is the cost of transactions.

Liquid applies very competitive trading fees. Traders pay only 0.10%, and that rate could be decreased further to 0.05% paying in QASH tokens. That’s another source of improvement for the return of your strategies!

More benefits to come

Coinrule will provide Liquid’s traders with the possibility to develop customized advanced trading strategies and to manage their crypto holdings more efficiently.

Meanwhile, we will look forward to examining additional collaboration opportunities with the exchange to provide more benefits for Coinrule users and Liquid traders. 

Our mission to offer to each trader the necessary tools to improve their trading performances and to manage their coins in all market conditions goes on. Stay tuned as we will soon unveil more updates about this partnership soon… 

Coinrule

Coinrule lets you automate your investments across platforms to protect your funds and catch the next market opportunity.

Website: https://coinrule.io

Contact point: gab@coinrule.io

Onepager

The post New Strategic Partnership Between Coinrule and Liquid – a Leading Asian Global Exchange – Makes Trading Crypto Even Easier Across Continents. appeared first on Coinrule.

Manual, also called discretionary trading, requires a trader to place, manage, and close all the positions directly on the trading platform.

That means that the trader should spend a lot of time on:

• Analyzing the market, checking how market conditions evolve
• Evaluating the impact of the market moves on the profit and loss of his positions
• Waiting for a specific event or scenario to occur 
• Execute the order to react to the price action
• Update the profit and loss following the most recent order executed
• Assessing the results and looking for potential improvements or optimizations
• Constantly review market analysis

If that wasn’t per se a very challenging and time-consuming activity, the profitability of the trader is often directly proportional to the time spent trading. Of course, the more time the trader can analyze the market, the more opportunities he can catch. That translates into more opportunities for profit.

The relation between time spent trading and trading outcome is also not linear. If the trader is not using an appropriate trading strategy, or stress (just like other emotions) is impacting his decisions, the time allocated to trading would result in considerable losses.

What is needed for manual trading?

The main assets that every trader can count on to reach satisfying trading results are:

• Available Capital
• Time
• Trading skills
• Stress management skills.

For many, the available capital is the harshest constraint and the most crucial variable to work with. At the same time, the other variables in this list are not easy to grow. 

The best traders are those that spend a reasonable amount of time running a profitable trading system and avoiding the influence of emotions.

How can a non-pro trader improve his returns?

If you are an experienced trader and you can get constant gains in all market conditions without spending a meaningful amount of time in front of your computer or looking at the charts, the chances are that you are already in a privileged spot. You probably don’t require any further advice.

Unfortunately, statistics state that around 80% of traders lose money or underperform the market. So how can you improve your profit?

A trading bot is an automated trading system that runs without the need for manual intervention. You can plan the bot only once, without employing a meaningful amount of time. The bot will trade for you according to the instruction 24/7 regardless of any stress or emotional interference. 

All the trades that the trading bot generates are based on decisions taken on your behalf following the logic that you’ve set up.

It takes a very advanced trading bot to beat the best traders, but on average, using trading bots can hugely simplify the lives of ordinary traders and beginners. It allows everyone to start trading, catching the opportunities that the market offers every day.

Related: Why Algorithms are so important for trading Cryptocurrencies

Advantages of Trading Bots

Algorithms and trading bots already trade trillions worth of assets every day in traditional financial markets. Banks, Hedge Funds and large investors use them for their multiple benefits and efficiencies. Financial markets witnessed the advance of trading bots vs humans years ago, and nowadays algos traded almost 80% of US stocks.

Day after day, more investors are also deploying trading bots in the Crypto market to take full advantage of its volatility.

Here are the main features that make a trading bot a radically better solution to trade cryptocurrencies.

They never sleep. 

Just like markets run 24/7 with no pause, a trading bot can react to any market move at any time. It’s unpredictable when news can impact prices. A new regulation in Japan can have severe effects on the Crypto market for a long time, and, given the time zone difference, US investors could be at a considerable disadvantage while Japanese investors are reacting to the news. 

They are fast. 

Not only does it take no time for a bot to execute an order on the market, but the algorithm can decide on sending the order in a fraction of a second. A prompt reaction to price moves provides to algo-traders an advantage on manual traders. Time is money, and that applies strongly also when it comes to trading. Sometimes, just a few seconds of delay can turn a profitable trade into a loss.

They are smart. 

Trading bots can analyze a massive amount of data each second. That represents one of the greatest advantages of using an automated trading bot. Even the most experienced traders can keep an eye only on a handful of charts at the same time. A bot can screen the market constantly looking for a specific pattern, and it reacts promptly when the right conditions are met. More potential opportunities increase significantly the probability of being profitable in the long term.

They don’t have feelings. 

Feelings are the worst enemy of every trader. The first rule of trading is to buy low and sell high. That implies that the best times for buying are when the price drops and the best for selling is when the market moves higher. That seems to be a pretty logical approach. Unfortunately, our brain tends to advise the other way around. In times of drawdown, the trader tries to cut losses and often misses the price rebound. In times of euphoria, the trader starts to believe that the uptrend can last longer and falls into the FOMO trap.

A trading bot is not affected by fear or greed. It will only execute the assigned trading plan.

Related: Security First – How To Protect Your Crypto From Scams And Hackers

Are trading bots better than humans?

It’s probably impossible to beat a professional trader. Experience plays a crucial role in managing stress and developing an advanced trading system. Sadly, traders that reach these high levels of proficiency are very few. Only a very low percentage out of millions of people trading cryptocurrencies or traditional assets every day are professional.

One of the main advantages of using a trading bot is to be able to stick with the preset rules of your trading system. Here you can read about some tips that can help you boost your returns. These advice sometimes are difficult to follow but if you incorporate them into an automated trading strategy, the bot will follow your instructions precisely without biases.

A trading bot especially a crypto trading bot may not be perfect but significantly helps those who don’t have the proper attitude or enough time to invest in trading. Trading is very challenging and needs adequate tools to tackle the market and get the best of it. The challenge of trading bots vs humans continues but watch out for a rise of machines in the future.

Conclusion

The debate between trading bots and human traders is not about which is inherently better, but rather about which is more suitable for specific trading scenarios. Trading bots excel in speed, efficiency, and emotion-free trading, making them ideal for high-frequency trading and markets that operate around the clock. Human traders, on the other hand, bring adaptability, intuition, and the ability to consider qualitative factors, which can be invaluable in dynamic and unpredictable market conditions. Many successful traders and institutions use a combination of both approaches, leveraging the strengths of trading bots for automated execution and the expertise of human traders for strategic decision-making and risk management. The key is to understand the strengths and limitations of each approach and to deploy them in a complementary manner to maximize trading performance.

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The post Trading Bots vs Humans – Can Machines Beat Traders? appeared first on Coinrule.

The initial recovery started in April 2019, but it took over six months for investors and traders to regain the confidence lost during the previous two years of Bear Market. Many Crypto are now starting to look very promising. But which are the most promising crypto in the next bull run?

Bitcoin Dominance Flashes Recovery Signs

The chart that synthesises best the current state of the Crypto Market is the one that shows Bitcoin Dominance over the last two years. 

In January, after a long period of depression, the broad Altcoin Market started overperforming Bitcoin, and this pushed Bitcoin Dominance below a key trendline. The trendline began precisely from the top of the Crypto bubble when the Altcoin buying-hysteria was at its apex. 

This is a clear sign of long-term reversal. It’s quite difficult to estimate the magnitude of the next price move. While it’s challenging to say what to expect from the Crypto Market in the coming months, it’s safe to assume that buying Altcoins in a diversified portfolio could be an attractive option compared to just holding Bitcoin. 

Many Altcoins already doubled in price in the past month, but some are lagging, and it could still be a good time for buying. Here are the most promising crypto in the next bull run.

Monero (XMR)

The chart seems to provide evidence for a reversal. The price marked a neat double-bottom, and from there it’s now up around 35%. 0.0077 BTC was a clear resistance, and Monero managed to trade above it for a couple of weeks now. We could see a retest that would provide even better entry prices, but the risk/reward is very appealing. 

Strong supports now provide a low downside risk, and the first target is now around an area of 0.012 BTC, which represents a potential upside of over 40% from current prices.

Ravencoin (RVN)

Ravencoin could be one of the most promising Cryptos for the next bull run. The coin is down 80% from the high in March 2019, and that represents a massive upside. Considering that the coin is up only 25% from its low versus Bitcoin, the risk/reward of buying around these levels is very favorable.

The price has been stuck in an accumulating zone since July 2019, so it’s obviously tough to predict when it will move higher. On the other hand, looking at the series of lower highs and at the price compression going on, we can expect some volatility when the verge of the triangle will approach in around one month.

The first significant support area is at 330 satoshis, and the volume increase is a sign of growing interest. Speaking of the volume, the fact that it keeps increasing on up moves and decreasing when the price retraces is a further positive sign to keep an eye on.

Basic Attention Token (BAT)

The token is up roughly 70% from the lows in September 2019, but the price range between 2.2K and 3K satoshis has historically offered a significant upside of around 90%, making of it clearly one of the promising crypto in the next bull run.

Last week the volume printed the second-highest figure since April 2019, when the price topped at its all-time high. The price is now attempting a new breakout. It will be worth keeping an eye on the next weekly close. If no significant retrenchment occurs in the short-term, that will be the sign that the accumulation phase is over.

Solid fundamentals also back basic Attention Token, and it was included in our watchlist of the coins with the highest long-term potentials.

NEO

The so-called Chinese Ethereum has been heavily hammered hard during the Bear Market and the price traded for long in a steep downtrend. The coin is currently up 60% from the bottom but still has an upside of about 800% to reach the top again.

At the end of October, the price broke above a major trendline with a remarkable volume, and since then ranged between 0.00144 and 0.1160 BTC. The volume decreased on the pullback and started to pick up again when the price approached the upper bound of the range. That’s a very positive sign.

It’s also interesting to notice that the price is forming a cup-and-handle pattern around the bottom. That is a generally bullish structure that could provide further evidence of a reversal.

0x (ZRX)

The token has a structure that resembles NEO closely. The price currently doubled since the lows but has an upside potential of about 700% to the all-time highs reached in May 2018. It’s worth noticing that the price topped while the market was struggling with a severe Bear Market. Traders should take this into account as that is an index of potential decorrelation with Bitcoin and the rest of the market.

The price double-bottomed at 1400 satoshis and the rebound lead to a breakout from the long-term downtrend. Also in this case, the move was coupled with a significant volume increase that validates its importance.

From the fundamental point of view, the token trades on all major exchanges and the team has a solid connection into the Crypto community. On top of that, 2019 saw a parabolic growth of the DeFi environment and the token could play a prominent role among the most promising cryptos in the next bull run.

How To Take Advantage Of These Setups?

Depending on the strategy that you prefer to pursue, different approaches could prove profitable in the current market conditions.

• Buy The Dip: Catch every price drop to buy at better prices. When the market is broadly trending higher, the risk/reward of buying is always more profitable, and buying in times of downturn amplifies the potential gains. This strategy involves attention and a prompt reaction to eventual price reversals. 
• Buy The Breakout: When the market volatility decreases, and it becomes uncertain what will be the direction of the next price move, it is safe to wait for the breakout of key levels and then buy the coin.
• Accumulate: This strategy consists of buying periodically one or more specific coins. Splitting the opening of your position across multiple orders gives you the possibility of buying also at a lower price, lowering your average cost of purchase and increasing the profit when the price moves higher.

Choose the strategy that fits your need and expectations of the market best and never forget to apply the basic rules of Risk Management.

Trade safe!

DISCLAIMER

I am not an analyst or investment advisor. Everything that I provide here site is purely for guidance, informational and educational purposes. You should independently verify all information in my post. I can’t be found accountable for any loss or damage whatsoever caused in reliance upon such information. Please be aware that trading cryptocurrencies involve a significant degree of risk.

The post The Most Promising Cryptos To Buy In The Next Bull Run appeared first on Coinrule.

Cryptocurrencies are likely to represent the asset class with the best risk/reward profile for investors. No wonder, since cryptocurrency trading can be so appealing in terms of potential returns. But how to make money with crypto?

Long Strategies

In the trading terminology, a long strategy means to have a position that benefits in case of a price increase of the underlying asset. When you buy a coin, you are establishing a long position, expecting that the price will go up from there. You can place a single buy order and keep those coins as a long term investment. You are HODLing no matter how the price will move because you believe that in the future, the price will be significantly higher. In this case, you may want to store your coins safely in a dedicated wallet. Nowadays there are plenty of options, depending on your needs. As a long-term Hodler, here you will find a list of the best ways to store your coins.

Another option is to place different buy orders at different times. In this way, you are managing the volatility of the price. If you spread your buy orders across a sufficiently long period, you can get a lower average price because you take advantage of the times when the price goes down. This approach is known as DCA, Dollar-Cost Averaging.

A way to optimise such a strategy is to buy more in periods when the price is drifting lower, so you will lower even more your average buy price.

A trading bot is more efficient than a trader doing this because an automated trading system has no feelings, so it’s not scared of buying in times of drawdown. And these are exactly the times when the best opportunities come!

Do you want to optimise this strategy even more? While you accumulate your favourite coin, at the same time you can also take profit on a part of your holdings. In this way, you can sell back your coins to your base currency, and you will have more allocation to run your strategy longer.

Long/Short Strategies

If you adopt a long-only strategy, you should be prepared to withstand the volatility of the market. Maybe you are not sensitive to the daily price swings and the news related to the market going down for a few days don’t affect you. If they do, on the other hand, you could evaluate the option of also profiting from the market downturns. This is the best strategies to manage your crypto if you are an active trader.

If you have a portfolio of cryptocurrencies, it could be profitable to open a position that profits from the price going down. You would hedge your portfolio, reducing your risk and the volatility of your returns. 

Nowadays, there are many options to make money in crypto, whether the price goes up or down. Years ago the only reliable option was to open an account on Bitmex. With time, other competitors came into the spotlights. Bybit is now one of the best exchanges where you can trade the most liquid cryptocurrencies using derivatives. 

In 2019, all the major crypto exchanges added the possibility to short Bitcoin or other coins using different options. Kraken is one of the oldest exchanges and among the most secure ones. They recently released the option of trading crypto derivatives. The interface is user-friendly, and you are allowed to trade with low leverage. Perfect if you are looking for an exchange to learn how to trade with these kinds of instruments.

Making money with these products can be more difficult and involves investing time in learning and analysing the market daily. Here you can find some trading tips that can be useful. 

Passive Income

If you prefer a less active approach, this could be the best strategies to manage your crypto wallet with little or no effort. You can increase your assets in the long-term HODLing your coins and earning interest from them. There are two similar approaches you could adopt.

Crypto Interest

You can lend your assets into platforms that will reward you with a periodic interest rate. It works exactly like a bank account that accrues interest on your deposits. This solution is quite simple and it doesn’t require much effort on your side. 

The main decision you should make is whether you want to use a decentralised or centralised entity. When choosing a centralised/custodial company to handle your funds, you should trust that company. Hacking is a widespread issue in the crypto business, and it’s a risk that you should assess very carefully. Celsius and Blockfi are among the major companies offering interests on a relatively broad range of cryptocurrencies.

Some of the most recognised exchanges are also adding interest among the offered services. If you already hold your coins on exchanges like Binance, Bitfinex or Liquid you may want to choose to lend your coins within the exchange for convenience reasons.

On the other hand, when depositing your coins into a decentralised protocol, your trust goes to the smart-contract that handles your funds. Generally, this is a more secure way to store your assets, but bear in mind to verify that the smart-contract has been audited or certified by a third-party company. A non-audited smart contract could be hacked just like a centralised company. The most well-know protocols you can use to deposit ERC-20 token and earn interest are dYdX, Maker, Compound and Fulcrum. 

Not all coins are eligible to earn interest. Usually, the centralised platforms accept only the most liquid cryptocurrencies while the decentralised platforms only allow deposits in Ethereum-based coins.

Staking

If you hold a coin based on a Proof-of-Stake consensus algorithm, you have the chance to stake your coins and earn interest as well. You can read more about the difference between PoS and Proof-of-Work coins here. 
In some cases, you can easily set up your node on the blockchain ready for staking and earning the return directly into your wallet. Some other times, setting up a node is not so easy, or you would need a minimum amount of coins to start validating the transactions (and getting the rewards from the blocks mined). In these cases, platforms like StakingLabs will stake the coins for you. As always, do your own research before depositing your coins on third-party applications. There is an increasing demand for this option, and recently, major exchanges like Binance, Kucoin and Okex have started adding staking options.

Mining 

Are you a tech-geek and you are really interested in having more skin in the game of crypto? Then you could evaluate the option of mining cryptocurrencies. Most of the cryptocurrencies which highest usage are based on PoW protocols. That means that you need dedicated hardware to perform a very complex mathematical calculation to mine a block. The process of mining blocks is what makes PoW cryptocurrencies work. Each transaction to be validated must be included in a sequence of blocks. The first that mines a block gets the transaction fees included in that block plus new coins minted. This is how Bitcoin or Ethereum work.

As we said, you need specific hardware to mine cryptocurrencies and to make more money from mining you need to optimise the settings so that the performance of your rig will improve. On top of that, each cryptocurrency has its specific algorithm, so the decision of what coin you want to mine has a direct impact on the hardware you will need. 

Pros & Cons

Mining cryptocurrencies is generally risky. On one side, the cost of setting up and running your equipment is typically paid in fiat currency. On the other hand, the return you earn is denominated in cryptocurrency. The price volatility can make mining cryptocurrencies an unprofitable business for prolonged periods. Nevertheless, if you consider the mining cost as an investment, in the long term, the coins you accumulated could bear significant profits if the price increases.

You can also use an automated system to sell periodically part of the coins rewarded via mining. For example, you can deposit your coins on your preferred exchange and then sell them when market conditions are more favourable. That would be quite a smart way of mining!

All the best strategies to manage your crypto could have pros and cons. You can choose the one that fits your preferences better, or you can also choose a blended approach, assigning part of your investment allocation to some of these strategies to find the perfect combination for your needs. 

The post How To Manage Your Crypto Assets – The Best Strategies To Increase Your Returns appeared first on Coinrule.

“Coinrule is focussing on one of the most important factors when it comes to automated crypto trading; user experience. We’ve found that the majority of systems out there are complex and lack intuitive design – Coinrule is going places.” – Blockduo

Blockduo is an online publication founded in 2019, which is focused on making cryptocurrency easy to understand as well as providing honest, unbiased views on the expanding digital asset market and its leading products/services.

Including Coinrule among the top crypto trading bots represents further acknowledgement for the work that the whole Coinrule team has been putting in over the past few months. We are working hard to allow any trader to build an automated trading system in the easiest way.

Everyone should have access to advanced, yet simple to use, tools to manage their investments. Thanks to the If-This-Then-That logic, you can implement even the most advanced trading strategy without coding skills in just minutes.

We just released a new and improved version of our platform that allows creating rules that can fit with every trader’s needs. You can read more about it here!

We are now working on adding technical indicators into our strategies. And soon a brand new backtesting tool will be available.

Planning, building and running an automated trading strategy for your crypto assets has never been easier!

Stay tuned!

The post Blockduo Ranks Coinrule Among Top 3 Crypto Trading Bot For Crypto appeared first on Coinrule.

We have been gathering the feedback of our community for months, and we have been closely in touch with our most active traders so that their needs could shape our platform.

This new release is another significant step towards our goal to become the best way to build an automated crypto trading strategy. We included many improvements and new features but sticking with our core principle of being the most user-friendly trading platform out there.

What’s new?

The most important news is the introductions of 5 Operators.

What is an Operator?

An Operator represents a logical connection between different blocks of the rule, so it will be easy to create more advanced trading strategies. 

THEN and ANY TIME

You can use these operators if you want to relate two actions directly. For example, first, you buy and THEN sell that coin or vice versa. These options are very useful to create a completely automated trading plan that doesn’t require further actions from your side after launching the rule. 

The difference between THEN and ANY TIME is the timing of the second action compared to the first one.  

THEN implies that the two rules happen in sequence. In the following example, after the first execution of Action A, the next execution of that action will happen only when Action B has been completed as well.

That works perfectly when you are trading within a price range. You want to buy when the price is low and sell when it reaches your target.

If you use ANY TIME, instead, Action A doesn’t need to wait for Action B to be executed again. The bot will check Condition B in parallel to Condition A.

An example of a rule where this Operator is more appropriate is to accumulate a coin and then take profit on each trade when the price condition is met.

OR 

You can use this Operator to create an alternative action compared to the previous one. Creating two conditions, the first of the two that is met will trigger the connected order.

For example, you are waiting for the price to break out from a trading range. You can set two conditions to buy or sell depending on the direction that the price will take.

This Operator is also particularly handy to set up a stop loss and a take profit at the same time on your trades. Your orders are always protected, wherever the price heads to.

DO NOT

There are situations where you don’t want to trade a specific coin. Maybe you don’t want to sell a coin you are holding as a long term position, or you don’t want to buy a specific coin you don’t trust.

You have greater control of the coins the rules buy or sell thanks to this Operator. After each action, you can decide to exclude the coin you don’t want to trade.

WAIT

You can use this Operator either between two conditions or two actions. 

It can be useful to check how the market evolves after a certain condition is met. It’s not rare, for example, that the price sees a strong move in one direction, only to pull back or bounce in the other. You can avoid this scenario, building a rule that takes into account a price confirmation before taking an action. It’s very simple:

Wait for the market to stabilize after the breakout and then, based on where the price headed next, decide whether to trade or not. 

More Template Strategies

Adding these Operators to your rules gives you the possibility to create endless strategies. We also upgraded our template library with more rules to get started.

More rules means more opportunities!

You don’t have the perfect trading strategy in your mind, yet? 

Use our Templates to get started. Browse across the categories and find the rule that fits your needs!

It’s now the time to create your best trading strategy ever with Coinrule.

Trade safely!

The post Coinrule 2.0 – The New Crypto Strategies Revolution appeared first on Coinrule.