Candlestick Charts For Cryptocurrency

While cryptocurrency may be one of the hottest investments of the 21st century, it can also be difficult to make money in the same unless you have a thorough understanding of how the market is performing. One of the best ways to do this is by studying real-time cryptocurrency charts that track the performance of each cryptocurrency. If you’re uncertain how to read crypto charts, this quick guide introduces candlestick charts for cryptocurrency among the best live cryptocurrency charts.

What is the Candlestick Chart?

The concept of the candlestick chart was introduced by Japan. It is a highly accurate crypto chart as it provides information on when to sell or buy cryptocurrency, as well as signs that one needs to exit that particular cryptocurrency market. The most reliable signals from candlestick charts come from timeframes of at least four hours in length. Candlestick chart analysis is fairly simple and easy to understand.

How To Read Candlestick Charts?

  1. Color

Most platforms employ a red and green color scheme when it comes to candlestick charts for cryptocurrency. Red indicates that the cryptocurrency has gone down in value, while green indicates an uptick in value.

  1. Top And Bottom

For a green candlestick, the bottom indicates the price at which the cryptocurrency opened during a given timeframe, and the top indicates its closing price. It is the opposite of a red candlestick as the top indicates the opening price, and the bottom shows the price at which the timeframe ended.

  1. Wicks

These are sticks at the top and bottom of a candle and indicate price fluctuations during the given timeframe. For a green candlestick, the top wick indicates that the price went above the closing price at some point, while the bottom wick indicates that the price dropped below the opening price at some point. The reverse applies in the case of a red candlestick.

What to remember about candlestick charts?

It is important to remember that not all candles will look alike. Some candles may have small or non-existent wicks, indicating that there was little or no price fluctuation during the given timeframe. Also, the length of a candlestick indicates the degree of overall fluctuation between the start and the close of a timeframe for analysis. This pictorial depiction is a simple and accurate option if you are new to the world of cryptocurrency and seeking to know how to read crypto trading charts.

 

How To Create A Cryptocurrency Exchange?

Cryptocurrency is the new favorite of the investors, with hundreds of varieties to choose from and strong possibilities of making good money off trading. Amidst this hype, there is a strong opportunity for traders to set up their own cryptocurrency exchange platform and make money out of it.

Mining cryptocurrency is a difficult job, and hence making a profit off mining alone is nearly impossible. It thus pays to set up a cryptocurrency exchange, which basically acts as an intermediary between the holders of cryptocurrency and the commodities they are buying online. Low transaction fees also make this a good option for buyers and sellers. There is thus a good amount of profit to be made if you are the owner of exchange and not keen on delving into coin making yourself.

Key things to keep in mind while building a cryptocurrency exchange

  • Hiring the right developers

Your developers are the back-end team who will be setting up the entire exchange so that it has airtight security, supports multiple cryptocurrencies and is compatible with both mobile and desktop screens. Hire a reliable team after thoroughly evaluating their credentials and past experience. You will also need developers who will adopt the platform into mobile apps for Android and iOS, as well as graphic designers to create an attractive design for the web platform as well as the apps.

  • Add on multiple cryptocurrencies

To let your cryptocurrency exchange gain traction with users, it is critical that your platform supports multiple cryptocurrencies. This again will require the help of your developers. Promote your exchange as much as you can on the cryptocurrency market so that different projects become aware of it and are ready to team up with your platform.

  • Don’t skimp on choosing the right team

Hiring good developers may be expensive, but it is well worth the expenditure at the onset. The cryptocurrency buzz is not dying away any time soon, and with the increasing interest in buying and trading in crypto coins, exchange platforms like yours will undoubtedly attract attention. At that time, whatever you invest now in maximizing security and user experience will pay off as your cryptocurrency exchange platform will gain the trust of users and investors much faster than many others.

 

 

Best New Cryptocurrency To Invest In

Cryptocurrency has witnessed multiple ups and downs over its short lifespan so far. The Bitcoin remains the most popular cryptocurrency despite experiencing some hard knocks, and Ethereum is a close contender to it. 2019 promises to be another exciting year for this market, with hundreds of varieties of cryptocurrency to invest in now. While you should evaluate each cryptocurrency carefully before putting your money into it, here is our take on some of the best new cryptocurrency to invest in for 2019.

Litecoin (LTC)

This is an offshoot of Bitcoin and has risen from its introduction in 2011 to one of the best cheap cryptocurrencies to invest in. It can be used in both regular blockchain projects and also in place of fiat money. It is thus a highly versatile cryptocurrency and well worth your money in 2019.

Tron

Tron is another exciting new option that is one of the best cryptocurrency to invest in 2019. Despite the fact that it only entered the market in 2017, it has already gone up considerably in value. Justin Sun, the founder of Tron, recently purchased the BitTorrent network and announced plans of developing a new cryptocurrency that operates on both networks. This could lead to significant growth and profits and is likely a risk worth betting in 2019.

Stellar lumen (XLM)

This cryptocurrency recently grabbed the attention of the market with the announcement that Greyscale Investments, a digital assets company has set up a Stellar Lumens trust. The cryptocurrency was made in-house by Stellar Development Fund and is already witnessing high demand and possible application in industries such as banking. Given this, XLM is likely a solid new cryptocurrency to invest in if you’re looking to make some money in 2019.

Caspian (CSP)

This is a brand-new cryptocurrency and one of the best digital currencies to invest in now. Apart from an asset managing platform, Caspian allows you to set up and exercise control over your new fund through a designated dashboard. They have also announced a partnership with Coinbase in order to reach out to a larger audience, making them a good choice for investment in 2019.

Zcash (ZEC)

Zcash is a cryptocurrency focused on privacy, and you can shield your transactions or keep them transparent subject to certain institutional standards and laws that require disclosure. It is thus the ideal cryptocurrency for traders concerned about privacy.

 

War Field with Cryptocurrency

War Field is the first crypto FPS game that was created and developed by Golder Games. The concept of cryptocurrency is at its growing days in the gaming industry. In this game, you get coins for every kill. Isn’t this amazing? It is one of the best things that happened to all the game lovers who are also interested in earning money online using digital currency.

Make money using War Field

You get coins for every kill and they are transferred right into your cryptocurrency wallet. Any player can make some easy Golder coins. The Golder Coins goes by GLDR. You can join the challenge right now and make money by playing games. There are various giveaways organized for the customers to make more money in the game.

Other Features

Warfield has some unique dynamics. With every update, the features are getting better. For those people, who are not a hardcore gamer., there are exciting battlegrounds for easier gameplay. There are many levels available for you to play. Starting from a beginner’s level to an expert, the war field game has many opportunities for all which makes it the best globally.

There are certain rules which make the game un-cheatable and fair for every user. You can only create one account using KYC details. The other important thing is that you can’t give away or even lose all your tokens to any particular player. By this, there are no chances of laundering. Also, you are not allowed to enter and exit the game again and again with the intention to get a better location. A player doing such things are flagged as a violation. Lastly, you are not allowed to team up with other players during deathmatch.

Availability

The game is available for download on your Windows PC as well as for all the apple devices. Moreover, you can play on the web. The Golder Games said, “War Field is just the beginning”. The developers are working hard to create such crypto games where you can make money while playing. Till then, Enjoy playing War Field.

The Rise of Crypto ATMs

Cryptocurrency is probably the best choice for online exchanges and transactions but it is now amaking place for itself in the physical world as well. The main reason for making it possible is the establishment of Cryptocurrency ATMs all over the world. You can easily exchange money using these ATMs. If you are not into cryptocurrency, it’s not too late yet. Make sure you have checked the proper guide to invest in Cryptocurrency before getting started.

What is Crypto ATM?

Unlike other ATMs, where you can easily cash out the local currency, cryptocurrency ATM is a machine where you can exchange Bitcoin and cash. Some ATM machines also allow you to buy and sell cryptocurrencies directly using them. While several other machines can be used to transfer bitcoin from one account to another.

Future of Cryptocurrency ATM

There are more than 4000 Cryptocurrency ATM machines across 75 countries. According to a survey conducted by Coinatmradar website, an average of 6.7 Cryptocurrency ATMs are installed in a day. Bitcoin is still the most used cryptocurrency in ATM and out of 4000 machines that are installed around 1200 machines are of Bitcoin. Without any doubt, Bitcoin is the favorite digital currency among customers. The survey also shows around 71% of Cryptocurrency ATMs are located in North America while only 23.1% are in Europe. ATMs are being placed throughout the continents, even where cryptocurrency is not very popular such as Africa and Asia. This phase is just getting started. A study shows that there will be a growth of 50% in the coming years. Although, most of the ATMs are based on Bitcoin, other cryptocurrencies are also growing.

Where to Find these ATMs?

After all the information, you might be excited about trying one of these ATMs yourself. So, the question is where you can find one of these ATMs. You can easily get to know about this by a coin ATM radar service. You can take advantage of the service and find the nearest ATM in your area and try it for yourself.

Ledger Nano Introduction

 

Ledger nano is one of the best cryptocurrency wallets. The hardware wallet supports multicurrency to protect and secure all of your crypto assets. It is built with a secure chip as well as ensuring optimal security. In other words, it is a hardware wallet Bitcoin, Ethereum and Altcoins. It provides the best security and a robust security option for all your payments and storing crypto assets.

Features of Ledger Nano

It supports more than 40 cryptocurrencies which include Bitcoin, Ethereum as well Atcoins and many others. While talking about the security of the wallet, the wallet is secured by a chip locked by a pin. It is not a simple chip, the same chip is used to secure credit cards and passports. Additionally, it is tamper-proof. Every time the device is unlocked, it checks the integrity of the device. Therefore, it makes all your transaction and data secured. It has a built-in display to check the transactions and other things, you can confirm it by using the provided buttons. It is compatible with almost all the devices and operating system including Windows, Mac, Linux, etc. It only requires chrome and one USB port to work.

Easy usage

The hardware wallet is easy to operate and comes with only two buttons. It is made all your crypto asset transactions secure and easy as never before. There is a live companion app which allows you to check your balance and do transactions. You can send as well as receive using this app. For easy usage, the ledger is powered by BOLOS operating system. It is easy to use and unique operating system which is specially designed for crypto-related works. The best part about the operating system is that it creates a shield around each of your app stored on your device. This shield protects your information and makes sure that no app on your device should access any of your sensitive information. If you are still not satisfied with all these things, it also allows you to install 18 other apps on your device if you need to.

Trezor Wallet Introduction

 

Trezor is a hardware wallet providing advanced security for handling Bitcoin and other cryptocurrencies. It was launched in August 2014 and was the first Bitcoin hardware wallet, offering secure cold storage plus the ability to spend with the convenience of a hot wallet. It can store your cryptocurrencies offline and therefore it is safer than online wallets. This is the reason why big investors always use hardware wallets. So, in short, using a hardware wallet like Trezor to keep your Bitcoin and other cryptos is the safest bet that you should definitely play once because it is better than a desktop or mobile wallet for a number of reasons. Let’s see more about this wallet and its advantages.

Which coins are currently supported?

Trezor wallet is a multi-currency wallet means it can store a lot of different cryptocurrencies. This is great if you have a multi currency investor that contains a variety of cryptocurrencies, as otherwise, you would need to store each one in an individual wallet. As of August 2018, trezor wallet supports more than 500 coins and tokens including Bitcoin, Litecoin, Z case, Bitcoin case, Bitcoin Gold, Ethereum etc.

Trezor wallet advantage

The biggest advantage of buying a Trezor wallet is that it is the safest way to store your cryptocurrency. Your private key is always kept offline that never makes a direct connection to the internet. This is completely different from storing your cryptocurrencies on a desktop, mobile or web wallets. Trezor wallet is almost impossible to hack. The wallet has a limited USB connection which means that even if the computer device is infected, your cryptocurrency will be completely safe.

If we lose or damage our Wallet

If in an unforeseen event you lose or damage your Trezor device, you can recover your BTC funds by using your Trezor’s seed and a seed compatible wallet. Hackers cannot hack this device. This device is almost hacked proof. If your wallet is lost, you can simply buy a new wallet and recover all your old wallet data in your new wallet.

Everything you need to know about Binance Exchange

 

Binance is one of the popular cryptocurrency exchanges and you should definitely register with it and get your account running. If you haven’t started yet, this guide is the best way to get started. If you are already a registered member, then you might get to know some new facts about Binance.

 

What does Binance stands for?

Launched in July 2017, Binance is the best cryptocurrency trading platform. It is known for its slick user interface, fast transactions and use of multiple languages. Most of the largest tokens are listed in Binance.

How to register yourself on Binance

  1. Open Binance Website

Open the Binance website. Click on the link to go to BINANCE. It is suggested to ensure you open the correct Binance link and bookmark it, as hackers can spoof links very easily.

 

  1. Register for Binance

Register yourself for Binance by clicking on the “Register” button the right-hand corner of the home page. It will ask for your relevant information like name, email address, password etc. After registering, you will need to verify your email.

Note: Make a strong password and write it down to remember it.

 

  1. Enabling 2FA

When you log-in your account for the first time, the website will ask for enabling 2FA (2 factor authentication) security. It is an enhanced security feature, which is preferable for securing your cryptocurrencies.

 

  1. Depositing Funds into your account

Under the Funds menu, navigate to “Deposit” menu. On clicking on this menu, the Deposit page will open where you can add coins and a new dedicated wallet belonging exclusively to your account will be created.

Now, you can send your coins from different wallets to this wallet. You should remember to send only the correct coins to the correct wallets and don’t mix them or else you will lose your coins.

  1. Buying and Selling Transactions

Under the “Exchange” menu on the left-hand corner, select the “Basic Exchange” menu. In the transaction page, the left pane shows the order book, the middle pane shows the price and the chart. You can exchange different tokens by selecting the token you want to exchange in the search box and select the desired percentage for which you want to exchange.

 

 

6: Withdrawing your Coins

The last step is withdrawing you coins under the Withdrawal option in the Funds option on the homepage. You can withdraw and send your coins to the receiving address of your choice.

Best Cryptocurrency Trading Tools

 

Crypto trading is the new trend and many people are indulging in this lucrative trading business. If you do it right, you can earn millions but if not cautious, it can also be detrimental to your financial health.

Here are some of the best crypto trading tools you should know in order to earn a profit in crypto trading.

Tools you should be using

  1. Coin Tracking
  2. 3Commas
  3. Ledger Nano S
  4. Shrimpy
  5. Coin Tracking

If you are just beginning crypto trading, then Coin Tracking is the best portfolio manager for you. It is used both by beginners and advanced users.

This crypto software helps you in keeping track of all your cryptocurrencies and their value along different exchanges. Intuitive graphs, charts and market movements are depicted by Coin tracking based upon your portfolio holdings so that you can make an educated decision.

  1. 3Commas

3Commas is a popular and modern bot which is used for taking decisions for different exchanges using a single interface simultaneously. It also has the enhanced feature of portfolio balancer and helps traders to makes the right decisions with minimum hassle. Traders can also copy the portfolios of already established profit-making traders in the market using 3Commas.

Crypto traders can connect to various exchanges like Poloneix, Binance, Bittrex etc using 3Commas. You can also maximize your profits with the added feature of trailing take-profit and trailing stop-loss.

  1. Ledger Nano S

Ledger Nano S is one of the most widely used and popular hardware cryptocurrency wallets. It is used by investors and traders who wish to keep their cryptocurrencies for a long-term. It supports 25 cryptocurrencies and more than 1000s of ERC tokens. It is highly recommended HD wallet.

 

 

 

  1. Shrimpy

Shrimpy is a crypto software which helps traders in automating and diversifying their portfolio and earn maximum profits. It has in introduced a new concept of rebalancing which helps the trader to buy low and sell high.

The traders have to schedule their rebalancing cycles according to hours, weeks or even months. Shrimpy automatically buys or sells the cryptocurrencies accoutring to the trade cycle of the traders which are performing as per the goal classification of the trader.

Shrimpy uses the rebalancing technique to maximize the risk and in turn maximizing the profits.

 

Tested methods of buying Bitcoins

 

Bitcoins are the current rage in the market. Bitcoins can be bought by using a debit card, bank transfer or using PayPal and other online payments systems or even using cash.

The main reason people buy Bitcoins in cash is to maintain secrecy. If you buy Bitcoins from a popular website, you have to complete their mandatory KYC before completing a transaction. Independent sellers prefer to buy in cash and keep their transactions 99% anonymous.

There are different types of sites which connect the buyer and the seller directly without any intermediary. This P2P platform keeps your transaction private and these transactions are often dealt in cash.

On the downside, you have to take the complete responsibility to ensure that the transaction is safe, secure and free from all frauds.

 

Method to purchase Bitcoins with cash

The user has to make an account on P2P websites like Paxful, LoclaBitcoins or BitSquare with their email id and phone number. Once done, you can select your location and the method of payment you want, for example cash.

When you search for the same, many results will come. You can identify the best sellers based on the number of transaction, reputation, Limits and price/BTC. After identifying the best seller, you just have to click on “buy”.

After you click buy, the seller also accepts your request and then their Bitcoins are locked in the escrow. Now, you meet the seller in person and confirm the transaction based upon your terms and conditions and exchange the cash.

It is important to wait for confirmation before handing over the cash to the seller. Most people wait for 10-12 confirmations which take about 10-15 minutes. Most of the websites charge 1% commission fees for the transactions.

 

Important tips

Here are some important tips you should keep in mind while buying Bitcoins from independent sellers.

  1. Meet the seller in broad daylight at a public place.
  2. Don’t share unnecessary personal details with the seller.
  3. The seller should have a high reputation.
  4. Confirm the transaction at least twice before handing out the money.

Thus, keep these things in mind while buying Bitcoins in cash otherwise, you can be scammed.