Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Official_BlockFolks on June 25, 2019, 12:26:55 AM
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Coming across this post in article and would like to share with you all.
https://bitcoinist.com/want-to-make-it-big-in-the-next-bitcoin-rally-use-these-3-tools/
"The Rundown
The role of technical analysis in cryptocurrency trading
Alphanu
Mudrex
Capitalise
Bitcoin currently dominates the cryptocurrency market. Its price movements often determine the price direction of altcoins. A rally in Bitcoin’s price often tends to lift prices of many altcoins, while a BTC price drop usually causes the altcoin market to bleed. Occasionally, you might see some coins move contrary to the direction of Bitcoin, but they are often the exception and not the rule.
The last few weeks have been significant, especially w.r.t to Bitcoin’s YTD performance. BTC was trading in the $7700 to $8300 range for majority of June’s first two weeks. However, from June 12 Bitcoin began rallying massively. It registered an outstanding 43% gain and broke out above the $10,000 psychological resistance until it hit a 15-month high of $11,246.
The recent bullish trend in Bitcoin has been attributed to a number of factors:
Introduction of Facebook’s Libra,
Growing interest of Wall Street in cryptocurrencies,
An unintended consequence of the crackdown on Bitcoin in India,
FOMO as people came to the realization that Bitcoin is gradually edging back up"
And i would like to focus on one part of the article which is on alphanu.
ALPHANU
Alphanu is a marketplace for subscribing to powerful trading algorithms created by professional traders, fund managers, and developers. Algo trading is becoming popular all over the world. More than 85% of trades in the U.S. are computerized and the Asian market is rapidly catching up too.
Alphanu is created to serve as a platform for traders to access trading algorithms (designed by professionals), without having to incur the huge costs which previously restricted algo trading access for institutional players.
Through Alphanu, retail traders and investors will be able to access an ecosystem of the best traders, investors, data scientists, and developers. This access will reduce the unfair advantage enjoyed by institutional investors and democratize the odds of success in the financial markets. Interestingly, the Asian market is in dire need of democratized access to tools for algo trading.
In the words of Paul Hsu, Co-founder, CEO at Alphanu “It is the most opportune moment to capture the niche market – governments in the Asian markets are currently on the fence with regards to how they want to regulate automated trading. It is difficult for them to decide as the automation of trading is inevitable, but openly allowing it at this point will create a harmful gold rush where the winners will be big corporations (over the interests of the overall public).”
The platform will also hasten growth of the crypto market by encouraging participation of retail investors who are sceptical about adding cryptocurrencies to their portfolios. The fledgling startup believes that it can destigmatize the speculative perception about cryptocurrency trading through algorithms that take care of the technical analysis aspect required for successful cryptocurrency trading.
Hsu goes on to observe that “blockchains due to their nature as a public ledger create the necessary trust factor for a marketplace to step in and democratize algorithmic trading without becoming a “middleman” just like the hedge funds. Tokens offer a great solution to the problem of how to price limited resources on a marketplace, such as buyer attention.”
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That's really a good tips, I'm also keep looking an eye to Alphanu. And I also believed that the trend started because of those big companies giving their insight to the blockchain, crypto and bitcoin. I guess we will really going to see something big coming this year.
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Yah. Just like how libra is coming into the space and bring so much more awareness.
And i personally feel this will be a good push to bring bitcoin to much more greater price. So far, at this point of posting, bitcoin is already past $12k, isnt this insane when i create this thread and it is still $10k.
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Alphanu
Mudrex
Capitalise
The three words above are something that is specifically for companies to analyze the price of Bitcoin.
If we talk about the analysis of the price of Bitcoin that is a lot and I can no longer count it and it is more effective to ask or at a glance analyze the price of Bitcoin with ourselves as well as to do analysis.
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That's really a good tips, I'm also keep looking an eye to Alphanu. And I also believed that the trend started because of those big companies giving their insight to the blockchain, crypto and bitcoin. I guess we will really going to see something big coming this year.
It could happen for other reasons. nevertheless, Bitcoin rally really impresses. I do not know what the guyswho invested in BTC when it was 5-6 thousand are going to do now. I will probably hold it for longer.