During a recent interview with Bloomberg's James Seyffart at Bitcoin Conference 2024, Robert Mitchnick, head of digital assets at BlackRock, expressed doubts about approving new ETFs based on altcoins such as Solana (SOL) and Ripple (XRP). According to him, assets like Solana do not even represent 3% of the total capitalization, making them less attractive for ETFs. Additionally, the SEC's cautious stance regarding ETFs offering staking services could hamper the development of new ETFs based on other cryptocurrencies, despite growing interest from institutional investors1. While these comments have sparked mixed reactions across the industry, it is clear that the integration of altcoins into ETFs remains a complex and regulation-dependent topic #SOL🔥🔥 #binance #Airdropguid #ETFs. #Trading💥💪🌟🌼
It is said that the price of a digital currency results from dividing the capital by the number of currencies in circulation How do profits and losses occur on trading platforms as long as every purchase is matched by a sale and every sale is offset by a purchase? If anyone knows, please let us know.
My friend, before you start trading, you must learn and understand what trading is at all If you are an investor, you must conduct comprehensive research and analysis in order to find the assets suitable for your goals, and if you are a speculator or hunter, search for liquidity in volatile assets. Do not rush to profit because you will surely lose a lot Futures contracts are incendiary for those with small portfolios, but if your portfolio is large, there is no need for leverage Don't use emotion Greed will destroy you. Be content with small profits #Binance #BTC #BNB #solana
Trading with the Binance API: A Guide for Traders The Binance API is a powerful tool for traders who want to automate their trading operations on the Binance platform. Whether you are an experienced trader or new to the world of cryptocurrency, this article will guide you through the essential steps to using the Binance API effectively. What is the Binance API? The Binance API (Application Programming Interface) allows developers and traders to access market data, place orders, manage their portfolio, and automate their trading strategies. It offers a multitude of features, including: Get real-time prices: You can retrieve the current prices of different trading pairs. Placing orders: You can place buy or sell orders directly from your application. Portfolio management: You can view your balance, positions or trading histories. Real-time notifications: You can receive alerts on market movements. How to start? Create an API key: Go to your Binance account, go to security settings and create a new API key. Make sure you manage your permissions carefully for security reasons. Use the API URL: To access the Binance API, use the following URL: https://api.binance.com/api/v3/. Authentication: Include your API key in your HTTP request headers to authenticate. #Write2Earn #BinanceSqaure #api #bot
The BTCUSDT market is currently bullish as the price is above its moving average and on an upward trend. Volume is also high, confirming the strength of the trend. The MACD is positive and above its signal, indicating bullish momentum. The RSI is near 70, suggesting that the market is overbought and could face a correction in the near term. The ADX is above 25, which shows that the trend is strong and stable. The trading signal is to buy BTCUSDT as long as the uptrend continues, but watch out for a possible reversal if the RSI exceeds 70 or if the MACD crosses its signal downward. #BTC #Write2Earn #BTCUSDT #BNB #BinanceSqaure
The **"HEG 7-25-99 Average Entry"** strategy is designed for **altcoins** on a daily time frame. The **buy signal** is triggered when the fast average (SMA-7 by default) is above the slow average (SMA-25 by default), and the current closing price is below the long average ( SMA-99 by default), but remains above **0.9 times the long average**. Thus, the purchase conditions are as follows: "SMA-99 > price > SMA-7 > SMA-25" and "price > 0.9*SMA-99" ¹.
Acala Coin: a promising DeFi hub on Polkadot and Solana
Acala is a decentralized finance (DeFi) hub built to support the Polkadot decentralized network. It offers a Universal Asset Hub that hosts multi-chain liquid staking (LST) protocols (like liquid DOT - LDOT), a decentralized exchange with automatic market maker (AMM), and an application platform that is compatible with the Ethereum Virtual Machine (EVM) and highly customizable (based on Substrate). The Acala Token (ACA) is the native token of the Acala network. As of this writing, the price of ACA is $0.081617 with a 24-hour trading volume of $2,539,372. CoinMarketCap's current ranking is #428, with a market cap of $72,291,893. It has a circulating supply of 885,741,665 ACA and a maximum supply of 1,600,000,000 ACA .
Today's increase
ACA price saw a sharp increase today from $0.0846 to $0.1042, a 23.1% increase in 24 hours. This increase is explained by several factors, including:
· The growing demand for DeFi tokens, especially those linked to Polkadot and Solana, which are considered serious competitors to Ethereum.
· Anticipation of the launch of the Wormhole Bridge between Acala and Solana, which is expected to open up new liquidity and arbitrage opportunities for users.
· The announcement of the upcoming launch of the Acala parachain on the Polkadot mainnet, which should strengthen the security, decentralization, and performance of the Acala network.
How much does emotion affect trading? Emotion is one of the factors affecting traders' behavior in financial markets. Emotion affects a trader's ability to make informed and logical decisions, and avoid common mistakes such as fear, greed, and anger. Emotion plays an important role in the trader's psychology, and the trader must recognize his feelings and control them effectively. Here are some tips for trading without emotions
- Develop a clear and specific trading plan, specifying your goals, strategy, criteria for entering and exiting trades, and managing risks.
- Follow the trading plan with discipline and consistency, and do not deviate from it due to being influenced by news, rumors, or other opinions.
- Analyze trading performance periodically and objectively, and evaluate strengths, weaknesses, opportunities and challenges.
- Continuously develop trading skills and financial knowledge, and benefit from available educational and analytical sources.
- Maintain good physical and mental health, and stay away from trading when tired, stressed or emotional.
Trading Techniques: A Guide to Maximizing Your Profits
Hello Binance traders! 💹✨ Today, let's dive into the exciting world of trading techniques to help you refine your strategy and maximize your profits. 📈🚀
1. Technical Analysis (TA): Learn how to interpret charts, trends and indicators to make informed decisions. Use tools like moving averages, RSI and Bollinger bands to anticipate market movements.
2. Fundamental Analysis (FA): Explore the fundamentals of crypto projects. Understand news, partnerships, and developments that can influence prices. Learn how to read financial reports to assess the overall health of a crypto.
3. Risk Management: Develop a solid risk management strategy. Learn how to set stop losses and manage your position sizes. Never gamble more than you can afford to lose.
4. Automatic Trading: Discover the benefits of automatic trading with bots. Explore the different automated trading platforms compatible with Binance.
5. Triangular Arbitration: Learn how to spot and take advantage of triangular arbitrage opportunities between different trading pairs.
6. Trading Psychology: Control your emotions. Understand how trading psychology can influence your decisions and learn to stay disciplined.
To you who read this publication, your opinion and ideas are important to us. We strongly encourage you to share them in the comments. We would be delighted to discover them and engage in an enriching discussion with you
Share your experiences, ask questions and exchange tips in the comments! 🤝💬 Remember that trading involves risk, and it is important to continue to learn and grow. Happy trading everyone! 🌐💻📊
#binance #btc #eth #BNB Triangular arbitrage is a trading strategy that exploits price differences between three different assets – usually cryptocurrencies – on the same exchange1. The concept is simple: a trader exchanges one crypto asset for a second, the second for a third, and the third for the first to take advantage of price differences. Execution, on the other hand, is another beast in its own right. To be successful, triangular arbitrage requires identifying price differences, trading different asset pairs simultaneously, and properly managing risk. As the cryptocurrency market is volatile, prices fluctuate quickly; Traders also need to execute triangle arbitrage trades quickly. To calculate the profitability of each triangle, you can use the following formula: R=Q0(Q1×C1)×(Q2×C2)×(Q3×C3)−Q0 Or : R is the profitability of the arbitrage triangle Q0 is the initial amount you invest in the first asset Q1 is the amount you get after converting the first asset into the second asset Q2 is the amount you get after converting the second asset into the third asset Q3 is the amount you get after converting the third asset into the first asset C1 is the conversion rate between the first and second assets C2 is the conversion rate between the second and third assets C3 is the conversion rate between the third and first asset For example, if you have the symbols BTCUSDT, ETHUSDT and ETHBTC, and you invest 1000 USDT, you can calculate the profitability of your arbitrage triangle as follows: Q0=1000 USDT C1=0.00002 BTC/USDT (the conversion rate between BTC and USDT) Q1=Q0×C1=1000×0.00002=0.02 BTC C2=0.03 ETH/BTC (the conversion rate between ETH and BTC) Q2=Q1×C2=0.02×0.03=0.0006 ETH C3=1800 USDT/ETH (the conversion rate between USDT and ETH) Q3=Q2×C3=0.0006×1800=1.08 USDT R=Q0Q3−Q0=10001.08−1000=−0.99892 Which means you lose 99.892%
Hi friends, Today I would like to tell you about Bonfida, an exciting project that is building a decentralized ecosystem around Serum, the first fully functional decentralized exchange platform built on Solana. Bonfida offers innovative services such as data analytics, trading bots, liquidity pools and NFTs. You can access these services through their website or mobile app. Bonfida also has its own token, FIDA, which is used for network governance, incentives and rewards. FIDA is available on Binance, where you can trade, deposit, or stake it to earn Bonfida rewards. I think Bonfida is a promising project worth following. If you are interested in Bonfida, you can check out their website, Twitter or Telegram to learn more. And you, what do you think of Bonfida? Let me know in the comments! #bonfida #fida #serum #solana #binancesquare
The price of BONKUSDT saw a sharp rise between December 18 and 19, 2023, from 0.00001835 USDT to 0.00002177 USDT, an increase of 186%.
This rise was accompanied by very high trading volume, suggesting strong buyer demand for this pair.
The price then saw a downward correction, forming a 76.4% Fibonacci retracement, which corresponds to a key support level.
The price bounced off this support level and formed a bullish candlestick pattern called an inverted hammer, which indicates a possible upward trend reversal.
The price then broke above the 20-period moving average, which acts as dynamic resistance, and reached a new high at 0.00002058 USDT on December 20, 2023.
The price then formed a bearish candlestick pattern called a bearish engulf, which indicates a possible downtrend reversal.
The price then broke support at 0.000019 USDT, which corresponds to the 20-period moving average, and fell as low as 0.00001822 USDT, forming a 50% Fibonacci retracement.
The price is currently struggling to climb above the support at 0.000019 USDT, which acts as dynamic resistance, and is located around 0.00001850 USDT.
My opinion is that BONKUSDT price is in a consolidation phase, after experiencing high volatility. The price could continue to oscillate between the 38.2% and 61.8% Fibonacci levels, which correspond to 0.00001971 USDT and 0.00001842 USDT, respectively. To confirm an uptrend, price should break the resistance at 0.00002058 USDT and form higher lows and highs. To confirm a downtrend, the price should break the support at 0.00001822 USDT and form lower lows and highs. #BONKUSDT #USDT #BONK #1000BONK