What Are Pivot Points?

Pivot points are a technical analysis tool used to determine potential turning points or trend reversals in the market. Calculated using the close, high, and low prices of the previous trading period. Based on these prices, traders calculate various levels of support and resistance for the upcoming session.

In essence, it used to predict where the price is likely to encounter obstacles (either support or resistance) or continue its trend. This makes it particularly useful in markets with high volatility, like crypto, where timing is key to successful trading.

How to Calculate Pivot Points

The standard pivot point is the average of the high, low, and closing prices from the previous trading period. From this value, traders calculate several support and resistance levels:

• Pivot Point (P) = (High + Low + Close) / 3
• Support Level 1 (S1) = (2 * P) – High
• Resistance Level 1 (R1) = (2 * P) – Low
• Support Level 2 (S2) = P – (High – Low)
• Resistance Level 2 (R2) = P + (High – Low)

These levels help traders anticipate how the market might behave during the next period.

How Does Pivot Trading Work?

Pivot trading involves using these calculated levels to make trading decisions. Traders typically look for price movements around the pivot point and the support and resistance levels to decide when to enter or exit trades.

1. Trading on Breakouts

If the price breaks above the resistance levels (R1, R2), it often signals a potential bullish trend. Conversely, if the price falls below the support levels (S1, S2), it could indicate a bearish move. Traders use these breakouts to time entries, anticipating further momentum in the direction of the breakout.

2. Range-Bound Trading

In range-bound markets, where prices fluctuate between support and resistance levels without a clear trend, pivot points provide reliable trading zones. Traders can buy near support (S1, S2) and sell near resistance (R1, R2), capitalizing on price bounces within these levels.

3. Trend Identification

When the price remains above the pivot point, it’s considered bullish, while staying below the pivot suggests a bearish trend. Traders use this information to align their trades with the market’s overall direction.

How to Use Pivot Points Effectively in Crypto Trading

Given the fast-paced nature of the crypto market, it’s important to integrate it into your broader trading strategy. You can make the best of them by:

1. Combine with Other Indicators

This will work best when used in combination with other technical indicators like moving averages, RSI (Relative Strength Index), or MACD (Moving Average Convergence Divergence). For example, if the price is above the pivot point and the RSI shows overbought conditions, it may indicate that a retracement is likely.

2. Adapt to Different Timeframes

While pivot points are traditionally calculated on daily data, they can be adapted to different timeframes. In crypto markets, where prices move quickly, many traders calculate it based on shorter timeframes (like 4-hour or 1-hour charts) to capture intraday movements.

3. Look for Confluence

The most effective trades occur when pivot points align with other support and resistance levels. This is called confluence, and it increases the likelihood of a price reaction. For instance, if a pivot point coincides with a Fibonacci retracement level, it strengthens the case for that level acting as support or resistance.

4. Use Stop-Losses and Risk Management

Even though pivot points can provide valuable signals, they aren’t foolproof. Always use stop-loss orders to protect your capital if the price moves against your trade. Set your stop-loss just below support (for long trades) or above resistance (for short trades) to minimize potential losses.

5. Trade the Reaction, Not the Prediction

Instead of predicting price direction based solely on pivot points, wait for the market to react to these levels. Look for confirmations, such as candlestick patterns or volume spikes, before entering a trade. This reactive approach increases your probability of success by ensuring you are trading with market momentum.

Pros and Cons of Pivot Trading in Crypto

Pros:

• Objective Levels: Pivot points provide clear, predefined levels for support and resistance, reducing subjectivity in trading decisions.
• Works in Volatile Markets: Crypto’s volatility makes pivot points particularly useful for identifying breakout or reversal opportunities.
• Adaptable to Multiple Timeframes: It can be adjusted to fit different timeframes, from intraday trading to longer-term strategies.

Cons:

• False Breakouts: In highly volatile markets, pivot points can sometimes produce false breakouts, leading to losses if not used with confirmation tools.
• Lagging Indicator: Since pivot points are based on past price data, they don’t always reflect real-time market conditions, particularly in fast-moving markets like crypto.

Conclusion

Mastering pivot trading in crypto involves understanding how pivot points work and using them in conjunction with other strategies and indicators. Whether you’re a day trader looking for quick profits or a longer-term investor seeking better entry and exit points, pivot points offer a robust tool to add precision to your trades.

By combining pivot points with sound risk management and other technical indicators, you can improve your ability to anticipate price movements and capitalize on the volatility of the crypto market.

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The post Mastering Pivot Points and How to Use Them Effectively appeared first on Coinrule.

Who Are Market Makers?

Market makers are participants—usually institutional investors, professional traders, or automated trading systems—that provide liquidity to the market. They do this by placing both buy and sell orders on a crypto exchange’s order book, helping to ensure that there are always orders available for traders to execute against.

Market makers typically place limit orders, which specify the price at which they are willing to buy or sell a particular cryptocurrency. These orders sit on the order book until they are matched with a taker, meaning someone willing to execute a trade at the maker’s price. By consistently placing these orders, market makers help stabilize the market by reducing price volatility and ensuring there is enough liquidity for trades to occur smoothly.

For their role in providing liquidity, market makers are often rewarded with lower trading fees, and in some cases, they may even receive rebates from the exchange. Their ability to facilitate a constant flow of trades makes them critical players in maintaining the efficiency of cryptocurrency markets.

Who Are Market Takers?

Market takers, on the other hand, are traders who “take” liquidity from the market. Takers execute market orders, which are orders that are filled immediately at the best available price. When a taker buys or sells a cryptocurrency, they are matched with a limit order that is already sitting on the order book, typically placed by a market maker.

In contrast to makers, takers are looking for instant execution and are willing to accept the current market price for their trades. This can be useful when traders want to enter or exit a position quickly without waiting for a specific price level to be met. However, because takers consume liquidity rather than providing it, they generally pay higher trading fees than market makers.

The Relationship Between Market Makers and Takers

The interaction between market makers and takers is essential for maintaining liquidity and price stability in cryptocurrency markets. Market makers provide the liquidity by placing limit orders, while market takers consume this liquidity by executing market orders. This constant flow of buying and selling ensures that the market remains active and efficient.

The bid-ask difference (the difference between what a buyer will pay and what a seller will accept) on liquid markets is usually small. This narrow spread benefits both makers and takers, as it leads to better price execution for trades. On the other hand, in less liquid markets, where there are fewer market makers, the spread can widen, leading to higher costs for takers and more volatile price movements.

How Fees Differ for Makers and Takers

Many cryptocurrency exchanges use a maker-taker fee structure, where the fees for market makers and takers are different. Market makers often enjoy lower fees because they contribute liquidity to the exchange, helping to create a more stable and active trading environment. In some cases, market makers may even receive rebates, incentivizing them to continue placing limit orders.

Market takers, who remove liquidity by executing market orders, typically face higher fees because their trades reduce the available supply of orders in the market. By understanding these fee structures, traders can make informed decisions about whether to act as a maker or taker, depending on their trading strategy and desired outcomes.

Implications for Crypto Traders

For individual traders, understanding whether they are acting as a market maker or market taker can have significant implications for their trading costs and strategies. Here are some things to consider:

1. Cost Efficiency: Traders who are looking to minimize fees may choose to act as market makers by placing limit orders. While this approach may take longer to execute trades, the lower fees can be beneficial for those who are patient and looking to save on trading costs over time.
2. Speed of Execution: For traders who prioritize speed over cost, acting as a market taker by placing market orders allows for quick entry or exit from positions. This is especially useful in fast-moving markets, where timing is critical. However, the higher fees associated with taker orders should be factored into the overall trading strategy.
3. Liquidity Considerations: Traders in less liquid markets may face wider spreads and higher costs when acting as market takers. In these situations, placing limit orders and acting as a market maker may offer better price execution, though it requires more patience.
4. Market Conditions: The choice to be a maker or taker often depends on the current market conditions. In volatile markets, takers may benefit from instant execution to avoid unfavorable price swings, while in more stable markets, makers can focus on reducing fees by placing strategic limit orders.

Conclusion

Market makers and takers each play a vital role in the cryptocurrency trading ecosystem. Market makers provide liquidity, helping to keep the market active and efficient, while market takers execute trades quickly, ensuring that trading continues to flow. Understanding the differences between these two roles is essential for traders who want to optimize their strategies, manage costs, and navigate the dynamic world of crypto trading.

By considering the benefits and drawbacks of acting as a market maker or taker, traders can tailor their approaches to fit their goals—whether they prioritize minimizing fees, achieving quick execution, or operating in volatile markets. As the cryptocurrency landscape continues to evolve, the interaction between makers and takers will remain a fundamental aspect of how markets function, offering opportunities for traders to refine their tactics and thrive in this ever-changing space.

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The post Market Makers and Takers: What Every Crypto Trader Should Know appeared first on Coinrule.

What is Random Walk Theory?

Random Walk Theory was popularized by economist Eugene Fama in the 1960s, although it was first proposed by French mathematician Louis Bachelier in 1900. The theory posits that asset prices follow a “random walk,” meaning they move in a random, unpredictable fashion, much like a person walking aimlessly without any predetermined direction.

The key idea behind Random Walk Theory is that all available information—whether it’s related to company performance, market conditions, or global events—is already reflected in an asset’s current price. This means that future price movements are determined by new, unpredictable information. Therefore, past price patterns or trends cannot reliably predict future outcomes.

In simpler terms, Random Walk Theory suggests that the price of an asset, such as a stock or crypto, behaves in such a way that it is nearly impossible to predict its future direction based on historical data. This stands in contrast to the widely used technical analysis, which assumes that past price trends can help forecast future movements.

Applying Random Walk Theory to Cryptocurrencies

Cryptocurrencies are known for their volatility, with prices often fluctuating rapidly due to a variety of factors such as regulatory developments, market sentiment, technological innovations, and macroeconomic events. Given this unpredictability, many traders wonder whether Random Walk Theory holds for crypto markets.

The cryptocurrency market shares many characteristics with traditional financial markets, including high liquidity, fast-paced trading, and the influence of news and external events on asset prices. According to Random Walk Theory, because all publicly available information is already factored into the price of a cryptocurrency, trying to predict its next move based on past price patterns becomes a futile exercise. Every new piece of information can cause the market to move in a direction that traders may not anticipate.

This can be particularly evident in the crypto space, where sudden announcements—such as a country adopting or banning a cryptocurrency, or a major exchange experiencing a security breach—can send prices soaring or crashing within minutes. If Random Walk Theory holds, the future movements of Bitcoin, Ethereum, or any other crypto asset should be treated as inherently random and impossible to forecast with precision.

Implications for Crypto Traders

For cryptocurrency traders, the implications of Random Walk Theory are significant. If prices truly follow a random walk, this would call into question the effectiveness of technical analysis and other predictive models commonly used to make trading decisions. Crypto traders should take note of the following key points:

1. Unpredictability of Price Movements: Random Walk Theory suggests that attempting to predict short-term price movements in cryptocurrencies may be ineffective. Even if past price data shows trends or patterns, future movements can easily diverge due to unforeseen events. This means that traders relying heavily on technical analysis should be cautious about assuming that history will repeat itself.
2. Focus on Long-Term Fundamentals: Instead of trying to time the market based on short-term price fluctuations, some traders may shift their focus to the long-term potential of cryptocurrencies. Fundamental analysis, which looks at factors such as a project’s technology, use cases, and adoption potential, could offer a more stable approach to investing, as it considers broader trends rather than attempting to predict short-term price movements.
3. Risk Management: Given the high volatility of cryptocurrencies, Random Walk Theory highlights the importance of having a strong risk management strategy in place. Since price movements are unpredictable, it’s essential for traders to use tools such as stop-loss orders, position sizing, and portfolio diversification to manage risk and avoid significant losses during periods of market turbulence.
4. Efficient Market Hypothesis: Random Walk Theory is closely linked to the Efficient Market Hypothesis (EMH), which argues that it’s impossible to “beat the market” consistently because asset prices already incorporate all available information. For crypto traders, this reinforces the idea that trying to outsmart the market may not always yield consistent results. Instead, adopting a more passive or diversified approach to crypto investments could provide a more balanced risk-reward profile over time.

Is There Still Room for Strategy?

While Random Walk Theory implies that price movements are unpredictable, it doesn’t mean that trading strategies are entirely useless. Many traders in both traditional and crypto markets continue to use a combination of fundamental and technical analysis to make informed decisions. Some strategies, such as dollar-cost averaging, focus on gradual, consistent investments over time, allowing traders to navigate market volatility without relying on short-term predictions.

Moreover, certain crypto-specific factors—such as the launch of new DeFi protocols, changes in network hash rates, or developments in blockchain technology—can influence market sentiment and, in turn, prices. While these factors may not entirely defy Random Walk Theory, they provide context that traders can use to make more informed long-term decisions.

Conclusion

Random Walk Theory challenges the idea that traders can consistently predict cryptocurrency price movements based on historical data or technical indicators. Given the volatile and often unpredictable nature of crypto markets, the theory suggests that price movements are largely driven by random, unforeseeable events.

For traders, this means that relying solely on technical analysis may not be enough to succeed in the crypto space. Instead, a combination of long-term thinking, fundamental analysis, and risk management strategies can help navigate the complexities of the market. While it may be impossible to predict the future with certainty, being prepared for uncertainty can lead to more informed and strategic trading decisions.

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Travis, it’s a pleasure to have you as our first “Trader of the Month.” Can you start by giving us a brief introduction about yourself, your background, and how you got into crypto trading?

T: The honor is truly mine. Thank you for shining a spotlight on my journey.

I’m currently residing in the bustling metropolis of London, but I’m originally from Canada and moved here around 6 years ago. My day job is actually a CrossFit coach and personal trainer, which is a totally different industry from Crypto and trading! That being said, there are plenty of transferable skills I have brought over to trading—attention to detail, pattern recognition, and a knack for deciphering complex systems—that have aided my foray into trading.

I originally got into Crypto through Web 3 gaming! I was fascinated with the idea of digital asset ownership of gaming items and potentially making an additional income playing. But as I dove deeper, I recognized that the infrastructure for earning a reliable income from gaming was in its very early stages and will probably be years before any reliable income could be made from it. Which led me to Crypto day trading, this also provided a means to make additional income but was much more accessible to get started.

Journey into Crypto Trading

Every trader has a unique story about their journey into the world of cryptocurrencies. Can you share your experience and what drew you towards automated trading?

T: The inception story—equal parts fascination and frustration. Like all of us who get started trading, it seems like such an easy way to make money “buy low, sell high” and the inverse. But in reality, it’s the easiest and hardest way to make consistent money!

It was very frustrating at first winning and losing without knowing the framework or root cause of why it was happening, this led me to a long personal education journey.  I studied hundreds of hours of charts, studied and learned from top traders across multiple social media platforms.  Practiced through too many Coinrule demo rules to count!

“It was very frustrating at first winning and losing without knowing the framework or root cause of why it was happening, this led me to a long personal education journey.”

Over time, my knowledge increased and led to a well-rounded perspective on how the market and price action work.

The appeal of automated trading was born out of sheer necessity. Juggling a 60-hour workweek while searching for trade opportunities became unsustainable. Automation, via Coinrule, became my force multiplier in the market, allowing me to achieve efficiency without sacrificing efficacy.

Influences & Mentors

Are there any particular traders or thought leaders in the cryptocurrency space that have greatly influenced your trading philosophy?

T: Absolutely! Crypto Face and the Market Cipher team were instrumental in shaping a major part of my early development, especially in understanding market dynamics and the psychology that drives them. Another notable mention would be Crypto Neuvo and his simple explanations on how to read candles and in particular “Wick Strategy”.

About Your Strategy

You’ve achieved impressive results with your trading rules. Could you shed some light on the core principles or philosophies behind your strategy?

T: Thank you; it’s an accumulation of all the hard work and long hours I have put in.

Strategy wise I am a contrarian trader at heart! (Against the trend)- Just as a disclaimer, I wouldn’t recommend this strategy to a beginner, it is important to learn the basics of trading with the trend first!

That being said, once you have a better understanding of the fundamentals you start to notice how the market and price move, it has a natural flow about it that abides by the same laws of the universe we all know. “What goes up, must come down and what goes down must come up”.

Big opportunities are present at both ends of the spectrum and avoid some of the uncertainty of trading in the middle. You just have to work out the best way to identify local tops and bottoms to take advantage.

“The basics of my strategy use both sentiment and price momentum indicators to identify potential tops and bottoms for entry”

Trading Challenges

Every trader faces challenges and hurdles. What would you say has been the most challenging aspect of crypto trading for you, and how have you overcome it?

T:  My largest challenge was my emotions and patience, I would constantly second guess myself when entering a trade manually or stop loss/take profit too early. Automation via Coinrule was a huge part of me overcoming this challenge and providing the discipline needed to adhere to my trading plan and neutralize my emotional biases.

Spotlight Rule & Its Origin

As part of this feature, we’re highlighting a specific rule chosen by the trader. Can you tell us about your rule, its significance, and how you came up with it?

T: A template example of a rule that embodies my strategy integrates the Money Flow Index (MFI) below 20 on both 15-minute and 4-hour time frames with a MACD crossing above the signal line on a 15-minute time frame.

The money flow index represents the sentiment of the coin being oversold while the MACD crossing represents the price action reversing and showing upward momentum. The exit condition for this could use the Bollinger Upper Band, a specific % price increase, or even MACD crossing below the signal line depending on my risk tolerance.

Personally, I also like to peg the BTC MFI to a rule as well, to ensure I am trading in the direction of the macro market. I originally developed this basic strategy while observing patterns play out in this way through hundreds of hours spent analyzing charts.

Insights on the Future of Crypto

Cryptocurrency is a rapidly evolving space. Based on your experience and observations, where do you see the future of crypto trading, especially with the rise of automation and algorithmic strategies?

T: The future is definitely a combination of AI, Machine Learning, and Automated Trading. This type of trading is far superior to manual trading as it has the ability to scan the market for opportunities much faster and best of all removes the emotional side of trading!

Advice for Aspiring Traders

Finally, for those who are new to crypto trading or are looking to refine their strategies, what piece of advice would you offer them to thrive in this dynamic environment?

T: I’d highly recommend studying Market Cipher; their resources are a goldmine of information. As there are so many of the basic indicators involved – RSI, MFI, MACD, Volume Weighted Average, etc.- you will gain a well-rounded knowledge of how to read charts and price action.

Additionally, I would suggest practicing what you learn on Coinrule’s Demo Exchange, trying different strategies, and analyzing results.

Lastly, ask questions! Never hesitate to reach out to the  Coinrule community; it’s a treasure trove of collective wisdom waiting to be tapped into as we have so many talented traders in our community who are eager to help.

Conclusion

Travis is a true modern-day polymath, excelling in two seemingly disparate fields, CrossFit coaching and Cryptocurrency Trading. His journey illustrates that skills like pattern recognition, emotional discipline, and keen attention to detail can indeed be transferable across different domains.

“By incorporating automated trading through Coinrule into his busy schedule, Travis doesn’t compromise his commitment to fitness or finance”

Travis stresses the value of community learning and encourages new traders to engage with platforms like Coinrule to refine their strategies. His success serves as an empowering reminder that one doesn’t have to pick a single lane to thrive in today’s multifaceted world. Whether you’re a newbie in crypto trading or a seasoned trader looking to optimize your strategies, Travis’ insights offer actionable wisdom. His experiences offer invaluable lessons for both novices and experts alike, making him Coinrule’s Trader of the Month.

Automate Your Trades with Coinrule Today!

The post Life Of A Trader Series: A Chat with Travis, Crossfit Coach and Crypto Connoisseur appeared first on Coinrule.

Read here how to connect Bitget to Coinrule and start your automated trading today.

Why Bitget? 

Bitget has distinguished itself in the cryptocurrency trading space by offering a diverse range of trading options including futures, spot, and margin trading. Thus, with their user-friendly interface and robust security features, Bitget has quickly become a go-to option for both beginner and experienced traders. 

What Does This Mean for You?

Expanded Trading Options: Coinrule users can now access and trade on Bitget Spot directly through our platform. This opens up a plethora of new trading pairs and strategies that you can utilise to maximise your profit potential.

Seamless Experience: Our integration ensures that your trading experience is as smooth as ever. You’ll be able to set rules, track performance, and execute trades on Bitget without ever having to leave the Coinrule dashboard.

Get Started on Your Bitget Journey

For those just starting their Bitget journey or those curious about spot trading intricacies, we’re here to assist. Visit our Help Centre today which has been updated with comprehensive guides, ensuring you’re well-prepared to dive into Bitget Spot trading on Coinrule.

The crypto landscape is vast and ever-changing and with Coinrule by your side, you’re always one step ahead. Keep an eye out for our regular updates and remember, with the right tools and strategies, the sky’s the limit.

After connecting your Bitget account, go ahead and create your strategies on Coinrule. Consequently, once you create your strategy, Coinrule will automatically execute trades on Bitget based on its specified criteria.

Conclusion

This new integration embodies our ongoing commitment to make cryptocurrency trading more accessible, secure, and profitable for everyone. So go ahead and explore the expanded world of trading possibilities that Coinrule and Bitget together offer you!

We look forward to your continued support and success.

Happy Trading!

The post Unleashing New Possibilities: Coinrule Integrates Bitget Spot Exchange appeared first on Coinrule.

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 SMA (the middle line) then serves as a base for the Upper and Lower Bands which are used as a way to measure volatility by observing the relationship between the Bands and price. When the Bands are converging and the gap between them is small, it indicates that volatility is low and that a breakout could be imminent.

Determining breakout direction 

Determining the breakout direction is somewhat more challenging. John Bollinger suggests using a combination of other indicators, such as the RSI, in conjunction with his Bands to try and identify the breakout direction.

Additionally, if there is a positive divergence, that is if the indicators are heading upwards while the price is heading down (or staying relatively stable), it is a bullish signal and hence an upwards breakout is more likely. Conversely, if the price is moving higher but the two bands are displaying negative divergence, a downside breakout is the more likely scenario. Other important signals can come when the price breaks the Upper and Lower Bands. When the price breaks the Lower Band, it can act as a buy signal and the opposite is true when the price breaks the upper band. Let’s take a look at an example:

In the above example, the tightening of the Bands provided an indication that a breakout could be imminent. When the price broke the lower band, it would have been a great buying opportunity as there was a massive upwards breakout following this signal. 

Check out some of our Bollinger Bands templates to get started with building this indicator into your strategies. 

We hope you enjoy the new features. Happy trading!

The post Bollinger Bands are Live on Coinrule! appeared first on Coinrule.

Coinrule’s latest product update allows users to program their rules to only operate on specific bundles of coins whilst excluding all other coins in the market. Users can choose to create their own bundle or use any of our curated Coinrule bundles.

So what Bundles are available?

We have five available bundles ready to use with more being added soon:

DeFi- This Bundle will focus your rule to only trade coins that are related to decentralised finance. DeFi is targeting a $100 trillion dollar industry and is the biggest use case for crypto. 

Top 10 Market Cap- This bundle will allow your rule to only trade the 10 highest market cap coins. These coins should have strong volume and liquidity meaning they can work well when using limit orders. This bundle excludes stablecoins that are in the Top 10.

PoS Layer 1s- This bundle specifically features coins that are layer 1s and use a proof-of-stake consensus mechanism. Proof-of-stake secures the network through validators staking their coins and compared to proof-of-work is more energy efficient. Increasing ESG compliance has led to these coins increasing in popularity with high potential that this trend will continue.

NFTs- This coin bundle bases all trades on coins that are NFT-related. When the NFT hysteria returns as NFT adoption increases, this is the bundle to use! During the previous bear market, NFTs were also some of the hardest hit making them possible candidates for shorting.

Gaming- This bundle allows your rule to only trade gaming-related coins. Gaming is arguably one of the most obvious industries for increased property ownership provided by NFTs and blockchain. Will the mass of gamers step on board the crypto gaming train? 

But what if I don’t like any of these bundles?

Users can design their own bespoke bundles to trade with. When selecting coins on the rule editor page, simply add all the coins you wish to add to the bundle then click “Create bundle”:

So what can Bundles be used for?

Bundles can allow you to hone your rules to only operate on coins that are in line with your strategy. Imagine you’re very bullish on the future of the NFTs. You could design a bot that buys any coin in the NFT bundle whose price has decreased by 5% in the past 24 hours. You could use this specification to prevent your rule from buying tops and automatically accumulate coins in the NFT space and hold them for the long term:

Similarly, if you don’t like your rules trading with gaming coins, you could simply use the DO NOT operator and specify your rules to not buy any coins contained within the ‘Gaming’ Bundle:

There really are a vast array of opportunities with Bundles, we’re excited to see what you will create.

We hope you enjoy the new feature. Happy trading!

The post Bundles are Now Live on Coinrule! appeared first on Coinrule.

A sigh of relief could be heard resonating through the blockchain as the market’s down only streak of 9 consecutive weeks ended as the weekly candle closed green on Sunday night.  This begs the question: have we found our bottom or is this a relief rally before another leg down? Bitcoin dominance has surged to 47% from the January lows of 40% – showcasing the flight to safety in the market over the past several months, or the exit of liquidity from alt coins and the crypto markets in general. 

Bitcoin has found support around $28,000, this happens to also be the Fibonacci golden ratio 0.618 retracement level – a potential signal that an interim bottom has been found.  However, with the Fed having started quantitative tightening on June 1st, the impact of the $95 billion worth of debt securities the Fed has stated they will sell each month has yet to be truly felt.  This unwinding by the Fed will push risk assets lower as economic activity slows and liquidity shrinks in an attempt to combat high inflation. 

When hypothesising where another bottom could be it is worth taking note of location of the 200 week moving average (WMA). The 200 WMA has proven to be a reliable indicator of regional bitcoin bear market bottoms.  In 2015 bitcoin bottomed out and found support on the 200 WMA at approximately $200.  In late 2018, bitcoin again bottomed and found support on the 200 WMA at $3,150.  In the Covid crash of march 2020 bitcoin retested the 200 WMA, but briefly broke through for a week at $5,500 – ultimately reaching a low of approximately $3,800.  Today, the 200 WMA sits at $22,300.  Could this be the next bitcoin floor?

In confluence to the current location of the 200 WMA, the On-Chain Cost Basis of bitcoin is currently $23,800.  Historically, buying in both the 200 WMA and the region of the On-Chain Cost Basis has been very attractive from a risk/reward perspective. Conversely, these times are often when it feels like crypto is finally all over and takes some serious psychological strength to press the green button.  The last time bitcoin entered this region was during the Covid crash of March 2020 and ended up being a supreme buying opportunity for the investors brave enough to take it during peak market capitulation and fear, resulting in bitcoin trading below $6,000 for a week.   

This week, Bitfinex longs also reached an all time high with approximately 90,000 BTC contracts equating to $2.7 billion.   The previous all time high of approximately 54,000 contracts was 22 July 2021, which marked the beginning of bitcoin’s ascent to a new all time high.  The question is: are these traders simply hedging having already liquidated their spot positions? Or more optimistically, are they doubling down with the expectation of history repeating itself, as they predict the tides turning and the bitcoin bottom having passed?  

Regardless of if the bottom is in or more downside is on the horizon, market participants who dollar cost average at these levels will most likely experience a profitable endeavour if their time horizon is several years.  As a wise investor once said “it’s time in the market, not timing the market”.

The post Phew! No 10 In a Row appeared first on Coinrule.

You have now access to the largest database of technical indicators and strategies globally. TradingView offers countless trading setups which you can customize to fit your needs and execute trades on your favourite crypto exchange.

This new release aligns with our goal to empower hobbyist traders to compete with hedge funds and professional investors.

With the newly integrated TradingView signals, you can now trade while you sleep using every possible technical indicator on the market!

What is TradingView?

TradingView is the most used charting tool among traders. Over the years, it evolved into the largest community of traders. There are no better places to get market views, analysis, tips, and tutorials. 

TradingView is the perfect platform for traders on every level because it combines an intuitive interface with hundreds of advanced and customizable technical indicators. It’s easy to get started with TradingView and improve your trading skills every day.

You can use TradingView for your chart studies, draw trendlines, define supports and resistances, spot chart patterns, apply technical indicators and even run complete ready-to-use automated trading systems.

TradingView also has its own coding language, Pine Editor, that you can use to develop your fully customized trading strategy. 

Once you choose the trigger for your strategy, you can use alerts via a webhook to execute trades using Coinrule. Automated trading with TradingView is easy and allows all traders to step up their trading strategies.

How to connect TradingView to Coinrule

Automated trading with TradingView signals on Coinrule is a premium feature, available on Trader and Pro plans.

On Coinrule’s rule editor, you need to define the action you want to execute based on buy and sell signals. 

When creating a signal on TradingView, the message of the alert will trigger the actions. You have maximum flexibility in choosing the signal of your choice, with the possibility of customizing it at your convenience.

For more examples about connecting TradingView to Coinrule, you can check out this article which provides more information and tips to get started.

Boost your automated trading with TradingView

TradingView signals allow more power and flexibility for your rules. 

Other than significantly expanding the range of indicators that can trigger your rules, you can now execute trades based on data from all asset classes and countless indexes.

An example would be buying dips on Altcoins only if the Bitcoin dominance stays below a certain threshold. Alternatively, you can buy Bitcoin if the S&P500, a global equity index, is trending up. The only limit is your creativity!

Combine signals with the Coinrule built-in IFTTT-based conditions for a unique trading experience, making sure your trading strategy trades only when the best market conditions apply.

Coinrule is the most-user friendly smart-assistant for automated trading, not requiring a single line of code. But are you a developer? We now got you covered as well. Using Pine Script, you can develop your customized trading system and run it on Coinrule in minutes. 

If you are not yet a TradingView user, you can use this link to get a 30-day trial for free.

It’s that easy. Try automated trading with TradingView now. This new release will change your trading game!


Create your first rule using TradingView signals now.

The post Automated Trading With TradingView – Now Live On Coinrule appeared first on Coinrule.

What makes Binance different?

One of the things that have made this crypto exchange popular is its uniqueness from its competitors. Most of its competitors offer only fiat-to-crypto markets (for instance, USD-to-Bitcoin). However, Binance offers so much more, starting with various crypto-to-crypto markets (for instance, Bitcoin-to-BAT).

These markets attract users who cannot get the coins on other exchanges. The system also has low trading fees, reliable technology, and high trust, which have helped in its fast growth. Since its launch, Binance has been spectacularly profitable and it registered $446 million in profits in the year 2018.

Earn For Passive Income

One of the fastest and simplest ways you can earn a passive income is through Binance earn. In the past, saving accounts could offer extremely high-interest rates. However, the average interest rate today hovers around a small percent, around 0.5%, for most conventional savings accounts with traditional banks.

With such low interest rates, it is becoming difficult for people to earn passive income or even protect their wealth due to high inflation. On the other hand, the users of Binance cryptocurrency can expect high gains on their assets. Despite this, however, most people are still yet to utilize these crypto-saving products.

If you are still in the dark about what Binance is, then you should understand how Binance Earn is beneficial to users in order to get a glimpse of this whole cryptocurrency-based ecosystem. Binance Earn helps rookies and advanced users earn higher yields even without making frequent trades.

As a user, you will get numerous ways to make money using Binance earn as several products provide principal guarantees that ensure the users’ initial deposit is still intact. Currently, you can get two types of earnings with Binance earn – Guaranteed and High Yield.

Payment Card For Debit Payments

Binance offers its users the chance to buy the things they love with crypto. The Binance card allows them to spend their preferred cryptocurrencies at over 60 million merchants globally. Users only need to transfer crypto from their spot wallet to their funding wallet, and they are ready to go.

With the Binance card, you can do anything that regular payment cards do and much more. The Binance card works like regular debit cards issued by banks. Users can top-up their card with money using the Binance Card App, usually in the form of Binance Coin (BNB) or Bitcoin.

Every time a user makes a payment, the card will use the balance for the card payments and deduct the expense from your balance automatically. With the Binance card, you no longer have to sell crypto to pay your bills as you can also keep HODling and only spend the funds you need to make payments with.

Loans For Easy Credit

People who do not know what is Binance usually wonder whether there are loans with Binance. The answer is yes. Binance also offers loans to its users, and these loans provide numerous options for different assets, including crypto, collateral, and interest rate. Users also get maximum loanable limits according to market conditions based on Binance’s internal risk management.

Only registered Binance users get access to Binance loans. Binance offers loans in several cryptos such as BTC, ETH, BNB, BUSD, and USDT. As collateral, Binance loans support various cryptos such as BTC, ETH, BNB, and BUSD.

Binance loan terms range from 7, 14, 30, 90, and 180 days. However, you can make payments in advance, bearing in mind that they will calculate interest according to the hours borrowed. Binance calculates interest hourly and bases the rate of interest on the time the user takes out the loan.

Margin And Derivatives For Leveraged Trading

Margin trading is a method where users trade crypto assets by borrowing funds. This type of trading allows users to get access to large sums of capital (that they may not have otherwise) in order to leverage up their positions. It amplifies the trading results and helps traders realise greater returns in successful trades.

Margin traders place orders to purchase or trade cryptos in spot markets. That means that the platform matches margin orders with spot market orders. Every margin-related order is actually a spot order. Meanwhile, for those traders trading Futures, the orders to purchase or sell contracts are placed in the derivatives market.

All Futures contracts are traded in the derivatives market, and the trading depends on the obligation to deliver assets on a future date. You cannot trade futures contracts on the spot market because futures relate to settlement of an underlying asset at a future date whereas spot relates to actual settlement right now. This is why margin trading and futures trading are carried out on two different markets.

Futures contracts also allow traders to bag huge profits by using leverage.

Launchpool For Crypto Investments

What is Launchpool? Binance has a complete ecosystem of services that is tailored to serve the majority of cryptocurrency users’ needs. People who use Binance may have seen Binance Launchpool pop up from time to time as they trade.

So, what is Launchpool? Launchpool is a platform that aims to support the crypto network by providing access to crypto investments for every Binance user. With the platform, users and investors can generate huge returns in the form of new tokens.

The solution offers benefits to users and to emerging cryptocurrency projects. Launchpool helps quality projects raise funds and, at the same time, allows crypto users and investors to make attractive returns.

Currently, Launchpool features 19 projects. The platform offers simple mechanics to earn free tokens. Users are also flexible to earn new tokens and control their existing assets. Moreover, the platform provides growth for projects and holders.

Conclusion

Binance is among the top, world-leading crypto exchanges. One benefit of using this exchange is that it has an extensive list of trading pairs. Additionally, its fees are relatively low compared to other platforms.

The platform uses also BNB coin as a utility token for everything on the exchange. This allows users to pay any transaction and trading fees at much lower rates than they would otherwise with other tokens/exchanges.

All-in-all, Binance has set itself up as a one-stop-shop for all the financial needs of a user entering the crypto ecosystem. Given the current trajectory and popularity of fintech, Binance is set to grow massively over the coming years as it combines spot trading, passive income, crypto debit cards, crypto loans, leveraged and derivatives trading, and crypto investments.

The post What Is Binance – A Whole Crypto Ecosystem Behind The Exchange appeared first on Coinrule.

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