quintomudigo

Trader, blockchain technologist and contentpreneur

Hey, my people once again.  This is your one and only trader Quinto Mudigo. Welcome to another top ten coin analysis for Our Tuesday the 8th of December 2020. Today,USDT is still on our lead with a trading volume of $36,652,254,286 followed by Bitcoin which is the mother of other cryptocurrencies with a daily trading volume of $25,289,639,248. Ethereum comes at number 3 with a trading volume of $12,160,686,763 while XRP and litecoin follow each other respectively with a trading volume of $5,743,955,502 and $3,189,429,777. Bitcoin cash comes at number 6 while EOS comes at number 7 each with a trading volume of $2,148,069,886 and $1,738,582,438. Cardano and Bitcoin SV follow EOS respectively with a trading volume of $643,956,326 and $635,649,671. TRON closes our list for the top ten coins today with a trading volume of $629,441,801.  All these 24 hour trading volume for our top ten list is being indicated as from the image below;

The above is the image for our top ten coins. As you can see, USDT as usual leads our top ten list at a price of $1.01 and with a price change of +0.4% while bitcoin comes second at a price of $18,884 and with a price change of -1.7%. Ethereum and XRP follow each other at a price of $577 and $0.5908 and with a price change of -3.2% and -3.3% respectively. Litecoin comes at number 5 at a price of $80 and with a price change of -5.8%.Bitcoin cash and EOS follow each other at a price of $274 and $2.87 and with a price change of -4.1% and -4.1% respectively while cardano comes at number 8 at a price of $0.1475 and with a price change of -5.3%. Bitcoin cash and Tron closes our list for today at a price of $176.51 and $0.02921 each with a price change of -3.3% and -4.5%. Will all these ten coins continue to top our list or will they be overtaken by other coins. We can wait and see although there are some coins linke USDT,BITCOIN and ethereum that you should always expect them to continue being on our top ten list. 

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Ethereum; 0x346570c491b76c7cd51699bdd272762111b743a9

Litecoin: LeEH7B82ccXJ6QoibCryGJNpDGNx2x77fL

Dogecoin: DLShs2vqhMc1ggqo8MPPMBTcPAZdqCZoWd

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BitYard  is a centralized cryptocurrency exchange established in 2020 and is based in Singapore. BitYard exchange enables traders and investors to be able to exchange different cryptocurrencies in terms of Bitcoin, USDT, Ethereum,  and many more with a trading fee of 0.05%.

Trading pairs supported at Bityard Exchange

At bityard exchange, it is currently supporting other cryptocurrency pairs in terms of USDT. In near future, they might decide to add BTC as well as Ethereum pairs in terms of other cryptocurrencies. Here are some of the trading pairs being supported at bityard

Referral program

Just like in some other exchanges like Binance as well as Bittrex, there is also a referral program at bityard exchange. At Bityard exchange, one can earn up to 60% of the trading fees of those traders they will have referred them to join the bityard platform. The referral program is divided into five categories; These are as follows;

a.invite friends

  under this category, one can refer a minimum of 1 person and a maximum of 9 people to the platform. One can earn up to 5% of the trading fees from those traders they will have referred. The only disadvantage here is that it expires after 6 months' time. 

b.Bronze KOL

Under this category, one can refer a minimum of 10 people and a maximum of 29 people. One can earn up to 30% of the trading fees from those traders they will have referred to the platform. The advantage of this one is that it never expires.

c.silver KOL

under this category, one can refer a minimum of 30 people to the platform and a maximum of 49 people. One can earn up to 40% of the trading fees from those traders they will have referred to the platform. The advantage of this is that it does not have an expiry date.

d.Gold KOL

under this category, one can refer a minimum of 50 people and a maximum of 99 people to the platform. One can earn up to 50% of the trading fees from those traders they will have referred to the platform. Just like the previous two, the advantage of this one is that it does not have an expiry date also.

e.Diamond KOL

Under this category which is our last one, one can refer a minimum of 100 people to the platform and an infinity number of traders and investors to the platform. One can earn up to 60% of the trading fees from those traders they will have referred to the platform. Just like the previous 3, the advantage of this one is that it does not have an expiry date. If you want to start trading or investing on the platform so that you can start referring other traders and investors just like I am trying to do to you, then you can join the platform by following the link below

https://www.bityard.com/?ru=XSQizW  

Transaction cost

Under this, we will consider the cost for trading as well as the cost for depositing and withdrawing your coin from the platform. This can be explained from below;  

1. Trading cost

This is the cost that is incurred by a trader or an investor when executing a buy or a sell position. The trading cost will be considered as a way of helping an exchange to generate revenue.  Most of the exchanges have been setting between 0.1%-0.2 as their trading cost for traders while executing a trade. Most traders will take a lot of time to generate some profit when the trading cost is higher and lower time to generate some profit. Let assume that the price of a given coin  like TRX is going for $0.02932 in both exchange A and exchange B. if exchange A is charging a transaction cost of 0.2% while exchange B is charging a trading cost of 0.1%, then for exchange A, the cost will be 0.00005864.  For B it will be 0.00002932. Most traders will prefer to trade on exchange B because it has a lower trading cost than B thus it will not take much of their USDT when executing a trade as compared to A which will take more of their USDT while executing a trade thus causing them to stay in the market for a longer period in order to realize the profit. For the case of bityard , we can say that their cost of 0.05% is much lower as compared to many exchanges. This will make many traders stay in the market for a very short period and be able to walk away with some profit.

  2. Depositing and withdrawing cost

This is the cost that is being charged by most exchanges in order to initiate the withdrawal currencies as well as deposit one into the respective blockchain. Almost all exchanges charge a zero % depositing on all cryptocurrencies. For withdrawal fees, different exchanges charge a different withdrawal fee. The fee normally goes to the miners and validators on different cryptocurrencies who normally secure the network of different blockchain as well as validate any transaction before being initiated to the respective blockchain For Bityard exchange, there is not any transaction being charged while depositing your cryptocurrency into your account. They only charge fees for withdrawing different cryptocurrencies at different rates to their respective blockchain. These include; 5.92 usdt for omini tokens, 6 USDT for ERC tokens, and 0 USDT for trx tokens. This is not bad as compared to some blockchain especially when one wants to withdraw a huge amount of a given token

Language to choose from while trading

Unlike in other cryptocurrency exchanges where they only provide you with one language to trade with, for bityard exchange, that is not the case. It provides a variety of languages for traders from different countries to choose from. They include Chinese, English, Japanese, Korea, Portuguese, Russia, Bahasa amongst many more

 Trading platforms

Most exchanges only provide web platform in order to be able to get access to their infrastructure and start trading. This becomes challenging for those traders who want to trade using an android app or an app store. This is not the case with Bityard. Instead, they have managed to solve this problem by coming up with three different trading platforms in order to accommodate all kinds of techy guys. There is a web platform, android platform as well as app store. This will enable traders with android phones as well as apple phones to be able to get access to the bityard platform when they can easily grow their USDT in terms of other cryptos provided they have enough USDT balance in their account.

Security in your bityard account

Just like in other exchanges where they ensure that the security is there to protect the fund of the trader, this also applies to bityard exchange such that whenever you make your withdrawal, you will receive a two-factor authenticator to confirm your withdrawal.

pip difference between the buy and sell position

Unlike in other exchanges where they will have a pip difference of more than ten pips between the buy and sell limit price, this does not apply to bityard exchange. Instead, there is a zero pip difference between the buy and sell limit order. This will easily enable the trader to make a profit very fast whenever they purchased or sell a given amount of cryptocurrency. 

Placing a buy or a sell order 

Just like in other exchanges where there is a market and a limit price, it also applies to bityard exchange. Here is an image showing the market/limit space for placing your buy or sell order of a given cryptocurrency; We have given an example of Tron;

From the above image, there is a limit price for both selling and buying of TRX. The limit price for both the buy and sell is being shown as 0.02936. If you want to buy a given amount of TRX with your USDT balance, you can either place the amount on the amount box or you can scroll the button that shows between 0% to 100% so that you choose the percentage you want to buy with your USDT. if you choose 100%, all of your USDT will be used to purchase the trx at limit price. On the other hand, if you want to sell a given amount of trx so that you receive some USDT balance in your account, you can as well decide to place the amount you want to sell on the amount box or you can scroll the button which indicates between 0% to 100% so that you choose the % you want to sell. When you choose 100%, all of your trx balance will be executed where your order reaches the limit sell price order. On the other hand, for market price, when you want to buy or sell some trx, you will do the same as you did for limit order price. The only difference is that your order will instantly be executed at any market price

Timing Frame of the chart

Unlike in some exchanges where provide timing frame that is not less than 5 minutes thus disfavoring some short-term traders, on bityard exchange, that is not the case. There is different timing frame ranging from 1-minute chart all the way to the 1-month chart. This can enable both scalpers as well as long holders to be able to choose their favorite timing frame to use in analyzing the market for the cryptocurrency they are trading. By doing so provided that they are also applying indicators like RSI and moving average, they will be able to know when to buy or sell a given cryptocurrency thus growing their account as planned. Here is a view of the timing frame to choose from with a good candlesticks chart;

 As indicated above, there is timing frame ranging from 1 minute to 1 month. For our case, we have chosen to use 5 minutes time frame. This timing frame can easily enable us to know when the market is in overbought or oversold in a very easy way provided that we follow our beautiful candlesticks together with a moving average indicator as you can see from above. 

Dividend/mining while trading

This is a very good concept used by different exchanges in a different way. Some exchanges enable traders to earn dividend from the profit generated provided that they are holding the token of that exchange whereby the more token you own,the more dividend you will receive from the trading fees charged. On the other hand,some exchanges enable traders to mine their token while trading which they can exchange for other cryptos. This is not the case for bityard. There mining strategy is different in such a way that the coin you mine from your webpage on their exchange,you can only use it to pay for your trading fees. This is also a good strategy because whenever you will be placing your trades,you will not be charged from your order. Instead you will be charged from the coin you mined. This fees deduction will take place automatically. This mining is being indicated as from below;

As you can see from the image above, there is some amount indicated on each coin. When you click on those coins, those amounts indicated will automatically be added to your account which can be used to deduct the trading fees whenever you place a buy or a sell order. 

Spot market and derivative market

In the spot market, you only use your own fund in your account to buy a given amount of cryptocurrency. There is no liquidation of an account in the spot market which means the trader can still continue to hold the purchased coin despite the decreasing of the price. The only thing that will happen to their account is that it will depreciate in value. On the other hand, the derivative market enables traders to trade using the borrowed fund. The more leverage they use the more borrowed funds they can use to place a buy or a sell order. There is huge return in the derivative market as compared to the spot market. The only disadvantage is that you might end up liquidating your account when a given price is being reached provided that the market goes against you. Bityard is able to provide room for both future traders and spot traders. For the derivative market, one can use up to a leverage of 1:200

Summary

Bityard exchange was created not more than 6 months ago. Despite of it being based in Singapore, it has the potential to grow to different countries due to its strategy of trading mining as well as low trading cost. The reward for their referral program will also attract many affiliate marketers to promote it for their own benefit since the reward ranges from 5%-60% of the trading cost incurred by those traders who have joined the platform using the affiliate link of other traders. This is an exchange to watch in 2021

To receive our post directly to your telegram, then you can join our telegram channel from below

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 You can also join our telegram group to be able to comment on our channel post or support us over there.You can as well share your trading idea and market idea for both fiat and cryptocurrency and be able to be supported by other community members over there on the group with crypto. Here is the link to our telegram group

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You are always free to support our work from below;

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Bitcoin:3AFeiwUp6erj2iRBmdsnc7YhC7gcYVD6oj

Ethereum; 0x346570c491b76c7cd51699bdd272762111b743a9

Litecoin: LeEH7B82ccXJ6QoibCryGJNpDGNx2x77fL

Dogecoin: DLShs2vqhMc1ggqo8MPPMBTcPAZdqCZoWd

lightning network:tipping.me:https://tippin.me/@quintomudigo

  XRPtIPBOT: in all platform: username is: quintomudigo

   EUR is a currency of the european nation while USD is a currency of USA country  . These currencies are used by local of each nation to conduct their daily transactions as well as by foreign to determine the pricing of different product which are then converted to their local pricing. On Monday  the 14th of September, one EUR started trading at around 1.18320. The price was able to rise as high as 1.9000 the next day but slightly dropped to around 1.18300 on Tuesday the same day. On Wednesday the same week, the price again rose to around 1.18700There is the possibility of the price to continue rising to around 1.1950 if sellers exceed buyers . This can be explained in terms of traders behaviour as follows;

Traders behaviour  

  EUR/USD currency is a stable paired currency and is thus being well tradeable by different traders from all over the world. Both buyers as well as sellers can easily profit from its upward and downwards movement.  When the market for this paired currency is moving upwards,that will be an indication that the sellers are more than buyers while when the market for this paired currency is moving downwards,that will be an indication that the buyers are more than the sellers. Since the market is now bearish after being bullish on Monday and Tuesday,this can be explained as from below;

1. EUR/USD bullish price analysis based on traders behaviour.    

 In a bullish market,the EUR/USD market will be moving in an upwards direction.  On Monday the 14th of September, one EUR started trading at around $1.18320. On Tuesday the same week, the price managed to rise as high as 1.9000 but later slightly dropped to around $1.18300 on Tuesday the same week. This market movement is being indicated as from the candle sticks chart below;   

     The above is the market for EUR/USD currency. There are two points being indicated. There is A and B. Before point A,the market can be seen to be moving upwards to 1.19000 from its lower price of around 1.18320 on Monday. At 1.9000 ,there are more buyers placing their buy positions in the hope that the market will continue moving upwards. This causes the market to experience an overbought condition where it resist to continue moving upwards and instead reverse and starts moving downwards to point A at around 1.18300. At point A ,there buyers who were previously holding their bought positions are starting to close their previously bought position and beginning to open a sell position in the hope that the market will continue moving downwards. This causes the market to again experience an oversold position where it reverse and begins to move upwards to point B at around 1.18700. If the sellers will continue to place their sell positions ,then there is possibility of the market to continue moving upwards. If you are in the long position,then you can continue holding your position until it reaches around 1.19000 so that you can exit and open a sell position since from there the market will begin to move downwards. Always make sure to apply risk management because the market punishes greedy traders.

To receive our post directly to your telegram, then you can join our telegram channel from below

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 You can also join our telegram group to be able to comment on our channel post or support us over there .You can as well share your trading idea and market idea for both fiat and cryptocurrency and be able to be supported by other community member over there on the group with crypto. Here is the link to our telegram group

https://t.me/joinchat/DUNfZg9fTQttyxxGuNKAbg

You are always free to support our work from below;

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Bitcoin:3AFeiwUp6erj2iRBmdsnc7YhC7gcYVD6oj

Ethereum; 0x346570c491b76c7cd51699bdd272762111b743a9

Litecoin: LeEH7B82ccXJ6QoibCryGJNpDGNx2x77fL

Dogecoin: DLShs2vqhMc1ggqo8MPPMBTcPAZdqCZoWd

lightning network:tipping.me:https://tippin.me/@quintomudigo

  XRPtIPBOT: in all platform: username is: quintomudigo

Today being Tuesday the 1st of september,the total volume for the crypto market is at around $92,620,600,000. Out of this volume, USDT which is a stable coin based on ethereum network leads the daily volume at around $38.822 billion followed by bitcoin with a 24 hour volume of around $23.431 billion while Ethereum comes third with a trading volume of around $17.348 billion. EOS and bitcoin cash tightly follows each other with a trading volume of $2.593 billion and $2.526 billion respectively while litecoin comes 6th with a trading volume of around $2.466 billion. XRP and tron follows each other with a trading volume of $1.899 billion and $1.253 billion respectively while chainlink comes at number 9 with a trading volume of around $1.119 billion. NEO closes our list for top ten coins today with a trading volume of around $764.785 million. Will all these coins continue to lead our list for top ten coins with highest trading volume or will they be overtaken by other coins? Some key coins like bitcoin and ethereum as well as stable coin like USDT will continue to lead our top ten coins since they are highly tradeable against other coins. In the coming days,some new coins will join our top ten list. This is being indicated as from below;

The above is our top ten coins by trading volume. From the list,USDT can be seen to be on the leading at a price of $1.00 and with a daily price change of +0.2% followed by bitcoin at a price of $11,907.47 with a daily price change of +2.5%. Ethereum and EOS follows each other at a price of $462.27 and $3.32 with a price change of +9.9% and +3.4% respectively while bitcoin cash comes 5 at a price of $282.13 and a price change of +2.8%. Litecoin comes at number 6 at a price of $62.96 and a price change of +2.8% while XRP and TRON follows each other at a price of $0.294 and $0.0298 with a price change of 5.2% and 14.8% respectively. Chainlink comes at number 9 at a price of $16.38 and with a price change of 0.8% while NEO closes our list at a price of $20.88 and with a price change of 2.0%. Will the price of these top ten coins in terms of volume continue to increase or will their price change become negatively. Different coins will have different volume change based on the volume traded on different exchanges. When buyers of a different coin are more than sellers, then the price change will be negative since that coin will move downwards while when the sellers of a certain coin are more than the buyers,then the price change for that coin will be positive since the market for that coin will move upwards.

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You can also join our telegram group to be able to comment on our channel post or support us over there .You can as well share your trading idea and market idea for both fiat and cryptocurrency and be able to be supported by other community member over there on the group with crypto. Here is the link to our telegram group

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You are always free to support our work from below;

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Bitcoin:3AFeiwUp6erj2iRBmdsnc7YhC7gcYVD6oj

Ethereum; 0x346570c491b76c7cd51699bdd272762111b743a9

Litecoin: LeEH7B82ccXJ6QoibCryGJNpDGNx2x77fL

Dogecoin: DLShs2vqhMc1ggqo8MPPMBTcPAZdqCZoWd

lightning network:tipping.me:https://tippin.me/@quintomudigo

XRPtIPBOT: in all platform: username is: quintomudigo

EUR is a currency of the european nation while USD is a currency of USA country . These currencies are used by local of each nation to conduct their daily transactions as well as by foreign to determine the pricing of different product which are then converted to their local pricing. On Monday the 17th of August, one EUR started trading at around 1.1820. The price rises to around 1.1960 on Tuesday the same week but later dropped to around 1.1830 towards the end of Wednesday. On Thursday, the price slightly rises to around 1.1870 but later further dropped to around 1.1820 on the same day. This market movement for EUR/USD is due to traders behaviour which can further be explained as from below;

Traders behaviour

EUR/USD currency pair is well stable currency due to its huge utility function thus is well tradeable by traders all other the globe. When the market for this paired currency is moving downards,that will be an indication that the buyers are more than the sellers thus causing the market to experience a downward pressure with few sellers so that it profits with them. On the other hand,when the market for this paired currency is trending upwards,that will be an indication that the sellers are more than buyers thus the market experience an upward pressure and moves upward with few buyers so that it profits with them. Having being moving upwards on Monday to wednesday, the market has started a bearish condition which can further be explained as follows;

1. EUR/USD bearish price analysis based on traders behaviour.

In a bearish market,the EUR/USD market will be moving in a downwards direction. On Monday the 17th of August, one EUR started trading at around $1.1820. On Tuesday the next day, the price managed to rise as high as 1.1960 but later dropped to around 1.1830 towards the end of Wednesday. On Thursday,the price slightly rises to around 1.1870 but later dropped to around 1.1820 on same day. This market movement is being indicated as from the candle sticks chart below;

The above is the market for EUR/USD. Two points are being indicated. There is A and B. Before A, the market can be seen to be trending in an upwards direction all the way to around 1.1960 from its previous low of around 1.1820. This upward market movement has been as a result of the number of traders holding their short positions being more than those holding their long positions. This causes the market to experience an upward market pressure and moves to 1.1960 as earlier stated . At 1.1960, there are many traders placing their long positions in the hope that the market will continue moving upwards. This causes the number of long positions to again exceed the number of short positions thus the market resist moving upwards and reverse where it starts moving downards to point A at around 1.1830. At point A, there are more traders again who are closing their long positions and beginning to open a short positions in the hope that the market will continue moving downwards. This causes the market to resist moving downwards and slightly gain support where it moves upward to point B at 1.1870. More traders are again beginning to place their long positions in the hope that the market will continue moving upwards. This again causes the bought positions to exceed the sold positions thus causing the market to resist moving upwards but instead reverse and moves downard to below 1.1830. If the buyers will continue exceeding the sellers,then there is possibility of the market to continue moving downwards to around 1.1720. You can continue holding your sell position until monday next week in order to collect more profits. Make sure to apply your strategy and risk management well because the market can sometimes go against you.

To receive our post directly to your telegram, then you can join our telegram channel from below

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You can also join our telegram group to be able to comment on our channel post or support us over there .You can as well share your trading idea and market idea for both fiat and cryptocurrency and be able to be supported by other community member over there on the group with crypto. Here is the link to our telegram group

https://t.me/joinchat/DUNfZg9fTQttyxxGuNKAbg

You are always free to support our work from below;

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Bitcoin:3AFeiwUp6erj2iRBmdsnc7YhC7gcYVD6oj

Ethereum; 0x346570c491b76c7cd51699bdd272762111b743a9

Litecoin: LeEH7B82ccXJ6QoibCryGJNpDGNx2x77fL

Dogecoin: DLShs2vqhMc1ggqo8MPPMBTcPAZdqCZoWd

lightning network:tipping.me:https://tippin.me/@quintomudigo

XRPtIPBOT: in all platform: username is: quintomudigo

Today being the 18th of August,the crypto market total volume for today is at around $92,423,960,900. Out of this volume, bitcoin has dominated the market followed by ethereum. Despite of the bitcoin dominating the market, it is not top one for our daily top ten coins. USDT which is a stable coin backed by USD is leading the list for our top ten coin with a daily trading volume of around $38.4 billion, followed by bitcoin with a daliy trading volume of around $26.76 billion . Ethereum comes third with a trading volume of around $12.852 billion while litecoin comes fourth with a daily trading volume of around $3.861 billion . Bitcoin cash and EOS follows respectively with a trading volume of $3.473 billion and $3.452 billion respectively while XRP comes 7th with a trading volume of around $3.414 billion. Chainlink and Tron follows respectively with a trading volume of $1.924 billion and $1.294 billion while Bitcoin satoshi vision closes our list with a trading volume of $921.33 million . Will these ten coins continue to top the list in 24 hours or will there be other coins joining the list?. There is possibility of key coins like bitcoin,ethereum and USDT to continue being on the top ten since they are traded with other pairs . For Ethereum, it will always continue to be on our top list since there are many dapps built on it which makes its utility function to be much higher than other coins. Bitcoin will also continue to be on our top list since it is considered to be the mother of them all. This trading volume for these ten coins is being indicated as from below;

The above represents our top ten coins for today. From the image, USDT is leading the list at a price of $0.9997 with a daily price change of 0.00% while bitcoin follows second at a price of $12,250.38 with a daily price change of +3.5%. Ethereum and litecoin follows the list at a price of $429.14 and $66.44 with a daily price change of +1.0% and +4.1% respectively while bitcoin cash follows the list at a price of $317.35 with a daily price change of +3.9%. EOS and XRP follows the list at a price of $3.74 and $0.315 with a daily price price change of -2.2% and +5.1% respectively. Chainlink and Tron comes at number 8 and 9 at aprice of $17.21 and $0.03123 with a daily price change of -9.3% and +7.3% respectively. Bitcoin satoshi vision closes our list as indicated above at a price of $228.87 with a daily price change of +4.4%. With the price change of our top coin change tomorrow to a positive or negative value? I think the price change will be based on buyers and sellers behaviour. If the sellers volume will be high then the market will move upwards with few buyers thus causing the price change to positively change while if the buyers volume will be high then the market will move downwards with few sellers thus causing the price change to negatively change

To receive our post directly to your telegram, then you can join our telegram channel from below

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You can also join our telegram group to be able to comment on our channel post or support us over there .You can as well share your trading idea and market idea for both fiat and cryptocurrency and be able to be supported by other community member over there on the group with crypto. Here is the link to our telegram group

https://t.me/joinchat/DUNfZg9fTQttyxxGuNKAbg

You are always free to support our work from below;

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Bitcoin:3AFeiwUp6erj2iRBmdsnc7YhC7gcYVD6oj

Ethereum; 0x346570c491b76c7cd51699bdd272762111b743a9

Litecoin: LeEH7B82ccXJ6QoibCryGJNpDGNx2x77fL

Dogecoin: DLShs2vqhMc1ggqo8MPPMBTcPAZdqCZoWd

lightning network:tipping.me:https://tippin.me/@quintomudigo

XRPtIPBOT: in all platform: username is: quintomudigo

EUR is a currency of the european nation while USD is a currency of USA country  . These currencies are used by local of each nation to conduct their daily transactions as well as by foreign to determine the pricing of different product which are then converted to their local pricing. On Monday  the 10th of August, one EUR started trading at around 1.1800. The price was able to fall as low as 1.1720 on Tuesday  but rose again to around 1.1810 On Wednesday the same week.On Wednesday the same day,the price falls again to around 1.1710. The price rises on Thursday to around 1.1820.This market movement is as a result of traders behaviour which is being explained as from below;

Traders behaviour.    

   EUR/USD currency is a stable paired currency and is thus being well tradeable by different traders from all over the world. Both buyers as well as sellers can easily profit from its upward and downwards movement.  When the market is moving upwards, that is an indication that those traders holding their long positions are fewer in numbers than those holding their short positions . On the other hand, when the market is trending downward, that is an indication that those traders holding their short positions are fewer in numbers than those holding their long positions. Therefore, we can say that the market moves in direction where few traders are so that it profits with them and makes many traders make some losses. Since there is possibility of the market to be in bullish condition the whole of the week, it can therefore be explained as from below;

1. EUR/USD bullish price analysis based on traders behaviour.  

    In a bullish market,the EUR/USD market will be moving in an upwards direction.  On Monday the 10th of August, one EUR started trading at around $1.1800. On Tuesday the same week, the price falls to around 1.1720  but later rises again to around $1.1810 on Wednesday the same week. On the same day,the price falls again to around 1.1710 but later rises to 1.1820 on Thursday the same week.This market movement is being indicated as from the candle sticks chart below;         

  The above is the market for EUR/USD.  Four points are being indicated. There is A,B and C. Before A, the market can be seen to be trending in a downwards direction all the way to around 1.1720  from its previous high of around 1.1800. This downwards market movement has been as a result of the number of traders holding their long positions being more than those holding their short positions. This causes the market to experience a downwards market pressure . At 1.1720, there are many traders placing their sell positions hoping that the market will continue moving downward. This causes the number of sell positions to again exceed the number of buy positions thus the market gain support and start moving upwards to point A at around 1.1810. At point A, there are more traders again who are closing their sell positions and beginning to open a buy positions in the hope that the market will continue moving upwards. This causes the market to resist moving upwards and reverse and start moving downward all the way to  point B at around 1.1710. At point B, there are more sellers again placing their sell posistions in the hope that the market will continue moving downwards. This causes the market to again gain an upward market pressure where it moves upward to point C at around 1.1820. At point C,the traders are placing some buy position hoping that the market will continue moving upwards. This causes the market to resist moving upward and slightly moves downwards to 1.1790. The sellers are again entering the market thus the market is starting to move upwards towards above point C. This might continue if the sellers continue placing their sell order. The market might continue moving upwards all the way to around 1.1920 after which it will become bearish again. You can continue holding your buy position but with a good strategy and risk management.

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        ontology is a native coin of the ontology network that is used by ontology users to vote for validators who should use the ontology coin to secure the ontology network as well as to validate any transaction taking place    on the ontology network. In return, they receive reward in form of ontology gas. This makes the ontology coin to be considered to be using a delegated proof of stake consensus. In 2018,ontology conducted its ICO where one coin was going for around  $0.2    . By May  2018,the price had managed to go to around $10 but came to drop to around  $0.5 early 2019   . Currently, one ontology is trading at around  $0.57 and the price is expected to increase overtime due to an increase in its utility function as a result of an increase in the number of stakers. The ontology price prediction is being further explained based on its consensus used as follows; 

  Consensus used. 

  Ontology uses a delegated proof of stake consensus. In this consensus, the stakers use their ontology coin to vote for  delegators who uses those coin to secure the network as well as to validate any transaction taking place on the ontology network. In return, they receive reward in form of ontology gas minted as well as the gas fee charged. The reward is then distributed to stakers based on their vote. The more their delegation power, the more the reward they receive. Therefore, we can say that when there are many  ontology coin being delegated then there will be insufficient of ontology coin in the network which will result to an increase in demand thus causing the price to also increase. On the other hand, when the number of ontology coin being delegated is few then there will be excess of supply of ontology on the ontology network .This will result to a decrease in its price due to low demand. Therefore, the future price of ontology will therefore be explained based on a bullish and bearish market as follows   

1. Ontology bullish price analysis based on consensus used

                     In a bullish market ,ontology will be trending in an upward direction. In early 2018,ontology network conducted its ICO where one ontology was going for around $0.2. By May 2018,the price had managed to go as high as $10 but later dropped to around $0.5  on December the same year. The increase in price to around $10 was due to an increase in the number of delegators delegating their ontology to several validators thus  causing the coin to become insufficient on the ontology network. This in turn causes the ontology demand to increase thus the price increases as stated earlier. The decrease in price again to around $0.5 was due to the stakers unlocking their ontology coin where they transfer them to several exchanges to sell them   Currently, one ontology is trading at around above $0.5 and the price is expected to increase overtime. The ontology  market is being indicated as from the candlestick chart below;     

   The above is the ontology market in terms of USDT. Two points are being indicated. There is A and B .Before point A, the market was moving upward all the way to around $0.579 .This upward movement has been due to an increase in demand due to insufficient of ontology on the ontology network . This insufficient is due to many of the coin being delegated by several stakers. At $0.579, the stakers are starting delgating  their earned coin together with the staked one where they transfer them to several exchanges to sell them there. This result to  an increase in supply of ontology on the ontology network thus causing its price to decline to point A at around $0.558. At point A, more delegators are again starting to purchase some ontology in order to stake them. This result to a decline in its supply thus causing it to become inefficiency in the network which in turn causes the    Price to increase again to point B at around above $0.568. If more coins are being sold to stakers for staking purpose,then they will further become inefficiency in the network thus causing its demand to further increase. This can cause the Price to further increase as high as $1 by the end of the year. You can continue staking and wait to sell when the price reaches $1 by end of the year in order to make some good profit   

2.ontology bearish price analysis based on consensus used.

      In a bearish market,ontology will be moving in a downwards direction. In early 2018 when ontology conducted its ICO,one ontology was going for around $0.2. By May the same year, the price went as high as $10 but later dropped to around $0.5 the same year. Currently, one ontology is trading at around $0.57 .Here is the candlestick chart showing the market movement for ontology based  on consensus used;        

            The above is the market for ontology in terms of USDT. Two points are being indicated. There is A and B. Before point A, the ontology market was moving to a downwards direction all the way to around $0.506 from its previous high of $0.65. This downward market movement has been as a result of the existing stakers to unlock their ontology coin together with their earned gas where they take them for dumping in several exchanges. This causes the supply of ontology to increase on the network thus causing the demand to decline which in turn causes the price to decline as stated above. At $0.506, there are new stakers who are starting to demand for ontology in order to stake them. This causes them to become inefficiency thus causing the price to slightly increase to point  A at around $0.523. At point A, some existing stakers are staking to unlock their ontology together with their earned gas due to a decline in the staking reward. They are taking them for dumping in several exchanges which result to an increase in supply of ontology on the network which in turn causes the demand to decline. This decrease in demand and increase in supply result to a further decrease in its  price to point B at around below $0.512. Although am not bearish for ontology, if reward will decline for staking,then more stakers will continue unlocking their staked coin together with their earned gas which will further increase the supply on the network thus causing the price to decline to around $ $0.40. I am bullish for ontology   

Summary.    

 Ontology is a native coin of the ontology network that came to be in early 2018 and can be transferred from one smart contract address to another without involvement of a third party. In its ICO, one ontology was going for around $0.2 . The price went as high as $10 on May 2018 but later dropped to around $0.5 the end of same year where it has managed to maintain at around there. Therefore, we can say that when the staking reward is high, then more of the coin will be demanded for staking which will result to an increase in its price. On the other hand, when the staking reward is very little,then few of the coin will be demanded for staking which will result to a decline in its price. I am bullish for ontology

1up is a native coin of the uptrennd platform that is being used on the uptrennd platform to reward content creators as well as users of the uptrennd platform. Advertisers can also use the coin to advertise their business on the uptrennd platform in order to increase its viewership. 1up coin is being created and issued on the ethereum network . In early 2019,one coin was going for around $0.02. During this time, users of the uptrennd platform were only able to earn some 1up but withdrawal was not yet enabled. Some users were able to buy some 1up in the exchange so that they deposit them into their account which they then use them to upgrade their account level as well as to advertise their content on the uptrennd platform in order to increase their views. This causes the price of the coin to suddenly increase to around $0.06. Currently, the price of 1up is at around $0.003 which is expected to increase with time due to an increase in its mass adoption which can further be explained as below;

Mass adoption.

Since uptrennd was created,many users as well as creators have been joining the uptrennd platform in order to monetize their data as well as to advertise their content over there. Therefore, we can say that as more numbers of users as well as creators are joining the uptrennd platform, more advertisers will also be lured to join the uptrennd platform in order to advertise their business there thus resulting to an increase in the utility function of the native coin which in turn will result to an increase in the price of 1up. On the other hand, when the already existing users are starting to leave the uptrennd platform for other platform due to unfavourable conditions such as a decline in their earning on the uptrennd platform, then advertisers will also start leaving the uptrennd platform for other platform to advertise their business there thus resulting to a decrease in the utility function of the native coin which in turn will result to a decrease in the price of the coin. Furthermore, the price of the coin can further be explained on a bullish and bearish condition as below;

1. 1up bullish price prediction based on its mass adoption.

In a bullish market, the 1up will be moving in an upward direction .In early 2019,one 1up was valued at around $0.02.By that time, that is when uptrennd platform had started operating although users were unable to withdraw their earning since the withdrawal was not yet enabled. Those users as well as advertisers who wanted to level up their level in order to increase their earning were able to buy some 1up token on IDEx exchange which was then instantly deposited into their account. Towards the end of 2019,when uptrennd was about to enable withdraw of 1up token, the price was able to go as high as $0.06 .When it was enabled, the price went as low as $0.0003. Currently, one 1up token is trading at around $0.005 and the price is expected to increase overtime. Here is the candlesticks chart showing the price analysis for 1up;

The above is the 1up token in terms of USDT. Two points are being indicated. There is point A and B. Before A, the 1up can be seen to be trending in an upwards direction all the way to around $0.0056. This upward trend is due to an increase in the number of users and creators on the platform . This attracts more advertisers to join the platform in order to advertise there. Advertisers are buying some 1up in order to use them to advertise their business there thus increasing their traffic. At the same time,creators are also buying some 1up token in order to upgrade their level in order to increase their earning. This in turn causes the utility function of 1up to increase thus causing the price to increase to $0.0056 as earlier stated. At $0.0056 , some users and creators are requesting for the withdrawal of their earned token. Upon receiving them in their wallet, most of them are starting to transfer them to exchanges in order to sell them. This in turn result to an increase in supply of the token in the ethereum without buyers which in turn causes a decrease in demand of the token thus causing the price to decline at point A at around $0.0051. At point A, some creators as well as advertisers are again demanding for the token in order to level up as well as advertise their business. This result to an increase in the utility function of the coin thus causing the price to increase again to point B at around $0.0058. If more users will continue joining the platform, then more advertisers will also continue demanding for the coin in order to continue using it to advertise their business thus increasing their traffic. Creators will also continue demanding for the token in order to upgrade their level thus increasing their earning. This will result to a further increase in the utility function of the coin thus it can go as high as $0.02.You can buy at current market price and hold it until it reaches $0.02 so that you sell to make some good profit.

2.1up bearish price analysis based on its mass adoption.

In a bearish market,1up moves in a downwards direction. In 2019, uptrennd platform started operating where one 1up was going for around $0.02. Around August when uptrennd was about to enable the withdrawal of the token, the price rises all the way to around $0.06. The price was then seen to have gone as low as $0.0003 in early 2020. Currently, the price is at around $0.005 . Here is the candlesticks chart showing the price analysis for 1up in terms of USDT.

The above is the 1up in terms of USDT. There are two points indicated. Point A and B. Before A, the market has been trending downwards all the way to $0.0051. This downwards market movement is due to few engagement in the platform thus causing advertising to decline demanding the token to advertise on the platform. This in turn causes the utility function to decline thus the price declines to $0.0051 as stated above. At around $0.0051, there is an increase of engagement on the platform thus advertisers are demanding for the token in order to use them to advertise their business on the platform. This causes the utility function to increase again thus causing the price to increase to Point A at around $0.0053. At point A, some users are again starting to reduce their engagement on the platform . This causes the advertisers to again stop demanding the coin thus causing the utility function to decline. Some users are also starting to request for withdraw in order to sell them . This result to a further decline in price to point B at around $00050. If the engagement will decline, then more advertisers will also decline their demand for the coin thus causing the price to further decline to below $0.004 although I am not bearish for the token. I am just bullish so I think you should consider buying

Summary.

1up which is being created and issued on the ethereum network is a native coin of the uptrennd platform that is being used to reward users and content creators .Advertisers can also use the token to advertise their business on the platform in order to increase the traffic for their business. Some creators can also use the coin to upgrade their level in order to increase their earning on the platform since the higher your level the more your earning. In 2019 when the platform started operating, one token was going for around $0.02. By late 2019,the price increases all the way to around $0.06 due to withdrawal enabled which attracted more advertisers and users to the platform. Currently, the price is at around $0.003 and is expected to increase overtime. Therefore, we can say that when more users are joining the platform, then more advertisers will also join the platform to advertise there thus causing the utility function of the token to increase thus causing its price to increase. On the other hand,when the engagement on the platform decreases, the advertisers will also stop demanding for the coin thus resulting to a decrease in its utility function. This will in turn causes the price to decline. I am bullish for 1up token

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NEO is a native coin of the NEO network that is used to secure the NEO network by NEO validators as well as to validate any transaction taking place on the NEO network after the NEO stakers delegate their NEO coin to several validators. In return,they receive reward in form of NEO gas. On Monday, the 25th of May, one NEO started trading at around $10.30. By Tuesday the same week,the price had managed to fall to around $9.577 but later rises to around $10.225 on Wednesday the same week. On Thursday, the price again dropped to around $9.862. This upward and downwards movement for NEO market is due to buyers and sellers behaviour which can further be explained as below;

Traders behaviour.

NEO has a huge community due to several dapps created on the NEO network. This makes it to be tradable in an upward and downwards direction and still makes traders to be profitable. Therefore, when the NEO market is moving in an upward direction, that will signal the NEO trader of an oversold market condition while when the NEO market is moving in a downwards direction, that will signal the NEO trader of an overbought market condition. Since the NEO was able to show a possibility of a downwards direction, the bearish market condition can be explained on a weekly basis as below

1.NEO bearish price analysis based on traders behaviour.

In a bearish market,the NEO moves in a downwards direction. On Monday, the 25th of May, one NEO started trading at around $10.30. By Tuesdays the same week, the price had managed to fall to $9.577 but slightly rose to around $10.225 on Wednesday the same week. On Thursday the same week,the price again dropped to around below $9.862. This market movement for NEO market is being indicated as from the candle stick chart below;

The above is the NEO market in terms of USDT. Two points are being indicated. There is point A and B. The market can be seen to be moving downwards all the way to around $9.592 from its previous high of around $10.30. This downward market movement is due to buyers being more than sellers thus causing the NEO market to experience a downwards market pressure. At $9.592,many NEO traders are starting to sell their previously bought NEO in the hope that the NEO will continue moving downwards. This causes the NEO market to experience an oversold market condition thus causing it to gain an upward pressure all the way to point A at around $10.239. At point A, NEO traders are again starting to buy some NEO in the hope that the market will continue moving upward. This causes the NEO market to resist moving upward but instead reverse and start moving downwards all the way to point B at around $9.870 .If this will continue, then the NEO market can move as low as $9.0 by end of the week. You can sell your NEO and Wait to buy it again when it is around $9.0

Summary.

Neo coin is the native coin of the neo network where stakers use their coin to vote validators who uses those coin to secure the neo network thus in return they receive reward in form of neo gas. When neo is moving upwards, that signals the neo trader of an oversold market while when it us trending downwards, that signals the neo trader of an overbought market condition. The market for neo was able to show a bearish trend thus the neo trader should sell their previously bought neo at current price and waits to buy when it reaches around $9.0.

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