Planning to start trading crypto but are overwhelmed by the complex information you’ve found online? Keep calm and don’t panic. We’ll help you get started on your crypto trading journey with three useful trading tips for those who are new to this digital currency.
This analysis is intended for swing traders or medium-term investors. As a reminder, swing trading is a strategy of speculation in financial markets where an asset is held only for a few days to take advantage of price fluctuations. In this analysis, which you will find every week, I will detail my vision of the market and more specifically the one of Bitcoin. In addition to a technical analysis, I will summarize 3/4 of the news that impacted the market.
Imagine using your cryptocurrency assets as collateral when securing a loan rather than undergoing the pain of changing them directly into fiat currency? Well, the cryptocurrency industry has undergone a tremendous revolution in the past decade. This evolution has seen hundreds of cryptocurrency assets and technologies invented and innovated to beat the fierce competition. Companies are developing assets that address different inadequacies of blockchain technology.
Imagine waking up one morning to find all your investment gone simply because you only invested in one asset? There are many cryptocurrency assets out there; unfortunately, many traders and other novice level participants in the cryptocurrency industry assume that bitcoin is a shorter and fancier name for the only cryptocurrency. Cryptocurrency refers to a wide array of digital assets based on blockchain technology. The famous Bitcoin is just one of the thousands of such assets.