Patricia

In May, CoinPayments publicized its alliance with e-commerce heavyweight Shopify. Presenting Shopify users with a digital payment option, the collaboration will see CoinPayments reduce activity charges to increase crypto access. Vendors, on the other hand, will enjoy unexplored global markets and have 1800 cryptocurrencies at their disposal. The declaration follows a fruitful beta test that began in 2019. This period included functionality and checks with live vendor interactions. But this is not the first crypto project Shopify is undertaking. In February, the site declared its involvement in Facebook’s Libra program. The move came as a surprise given Facebook’s fallouts with partners like Visa and PayPal. If the social media giant makes it past the regulatory hurdles, Shopify could get free credit card transactions. Additionally, the online shop will benefit from Facebook’s vast membership on all its sites including WhatsApp and Messenger. The partnerships are a huge win for the mainstream adoption of cryptocurrencies. Though some corporations allow cryptocurrency payments, the number of customers who choose this option remains unclear.

Hey Smith, A market crash is your opportunity to get the stock of your dreams at a lower cost. Though you may not catch the lowest prices, you’re sure the stocks are cheaper than before. Chances are the shares will take long to recover. That’s why you should think long-term. Dividend stocks are also a plus thanks to their reinvestment plans. Be wary of fees while at it. Although they’re often ignored due to automatic deductions, service charges diminish your gains. In falling markets, especially, you need all the money you can get to survive the dip. Dollar-cost averaging will also come in handy considering the inaccuracy of timing the market. This is where your investment is divided into fixed regular amounts to counter volatility. Most importantly, resist the urge to offload. Otherwise, you would be going against every investment’s concept of low buys and high sales. Such periods also enable you to gauge your risk endurance. That way, you can correct your portfolio when the market stabilizes.

It’s almost 2 months since the Bitcoin halving. Occurring approximately every four years, this event slashes the coin’s block reward into two. This year saw the issuance move from 12.5-6.25 BTC, bringing the daily mined coins to 900 from 1,800. While it didn’t feature instant price leaps as anticipated, the halving was crucial in shaping the future of the digital market. The phenomenon came amid the recession of March 12 where values sank below $3,600. This accelerated Bitcoin demand with most investors using the situation to buy more coins. This swift action by traders came in handy to stabilize the values. Bitcoin has since risen to its third-highest Q2 close. The highlight was at the start of June where prices were just under $10,500. Additionally, the better parts of May and June witnessed sideways movements of $8,500-$10,000 coupled with several slow days. With the growing interest among organizations, Bitcoin could register the best prices in the coming months. Even so, Q3 has been one of the toughest times for the cryptocurrency over the years.

Hello Sam, In addition to chasing speculative gains, CFDs also reduce market risks. Hedging entails the protection of a single position or your entire investment from adverse price movements. By assuming a matching but opposite position, hedges create neutral conditions to offset price changes. Being a geared product, a CFD’s leverage cushions a stock’s position while minimizing its upfront costs. CFDs enable you to tailor short positions to exact share sizes. Suppose you want to keep a particular company’s stock in the long run despite sensing short-term price vulnerability. If you own 1,000 shares, CFDs allow you to short an equal number of stocks to cancel the risk exposure in equity. If the hedge is accurate, you can get your short position at a lower cost and the profit will balance your physical shareholding’s paper loss. Your CFDs won’t change if the stock’s value doesn’t change. So to say, you can repurchase the CFDs you initially unloaded to hedge your status.

Hello John, and welcome here. A currency‘s direct or indirect status is subject to the investor’s geographical location. To get the exchange rate, quote one currency relative to the other. In a pair, the base and quote represent the first and second currencies respectively. Therefore, the EUR portrays the base and USD the quote in a EUR/USD arrangement. Direct Quote It’s the total domestic currency required to purchase one foreign currency unit. Supposing the EUR is your home currency, your direct quote is USD/EUR. In other words, how many euros do you need to obtain one dollar? A home currency growth is reflected by a reduced exchange rate. Thus, you need to exchange a lower local currency sum to get a foreign currency unit. Indirect Quote It’s the total domestic currency gotten from the sale of one foreign currency unit. With the EUR as home currency, the indirect quotation becomes EUR/USD. It explains how many dollars are needed to purchase one euro. Unlike their direct alternatives, shifts involving indirect quotes affect the local currency. Hence, the indirect quote rises with the home currency.

Hello Jane, Merging indicators unlocks their best features considering no technique is foolproof. Even so, the wrong combination brings losses when you misinterpret the market. From volume and momentum to volatility and trend, indicators fit in different categories. A common mistake is mixing indicators belonging to a similar class. Take the example of using the Stochastic together with CCI and RSI. Instead of enriching your trade, the signals overemphasize one point, hence, minimizing your focus on other parts of the chart. Moving averages and RSI would make a better alternative given their contrasting lagging and leading roles. What’s more, avoid psychological bias. It’s not uncommon for participants to replace their indicators according to recent occurrences, for example, two losses in a row. While it’s crucial to align your strategy with the dynamic market, bailing too soon could block future gains. In the same way, several wins should not make you overconfident.

Hello John, Thanks for coming here. Basis is the variation between an asset’s spot and futures contract prices. As such, basis trading entails buying a security and unloading a futures contract with a matching underlying security. According to the trader, both securities are mispriced and a profit depends on the contract’s expiration or market correction in the short term. Conversely, a spread shows the price difference between two matching securities. It features two legs presented concurrently as a unit. As opposed to profiting from the direct change of leg values, the spectator relies on the shrinking or broadening of the spread. Spreads fall into two categories. For intra-market spreads, the assets share a market but vary in their maturity dates. On the contrary, inter-market spreads are characterized by separate assets that are highly related. An example is selling a soybean oil contract in July and buying soybean meal futures the same month.

A descending triangle has a bearish pattern and features a lower resistance and sequence of lower peaks. It has two converging lines with the first showing high prices and the other marking the lows. The lines converge into a right triangle with a descending hypotenuse. On its downward trajectory, the price encounters resistance at specific points to partially regain its losses. The result of a retracement being smaller than the previous one is a string of lower highs. The smaller peaks tell you more sellers are joining the market since they’re open to lower prices as a way of initiating a short position. Consequently, selling pressure mounts as the market prepares to head to the apex. Meanwhile, values on the upper line continue to decrease shrinking the triangle until the bottom line’s support is broken. The crashed support becomes a resistance level confirming the security’s downtrend over time. Ensure both lines are touched a minimum of two times to verify the pattern.

Hi Sam, Thanks for asking. An advance block occurs in uptrends, and is a reversal pattern featuring three white candlesticks. Every candle in the sequence should be smaller than the preceding one with the last two containing high wicks. The first candle assumes a long bullish shape as traders expect the continuation of a positive trend. As the momentum persists, however, investors start fearing a correction, hence, decreasing the buying pressure. Though the positive sentiment remains, the market’s growth is obstructed by the release of selling pressure. Longs, particularly, should watch the advance block in a mature uptrend to safeguard their positions when the rally slows down. The signs of a diminishing market include shrinking real bodies and elongated upper shadows in the last two candles. With the waning bullish influence, the upper wick tells you a dive is underway. While it doesn’t always signify a top reversal, the advance block could precede a significant dip. When it occurs at higher price stages, the pattern suggests the liquidation of long positions because it’s too soon for short positions.

Hello Predrag, and thanks for coming here. Zilliqa has been on an upward trajectory from March despite Bitcoin’s struggle to pass $10,000. What started as a push above $0.005 exceeded the $0.01 psychological mark on May 15. The entry of a ZIL/BUSD pair on Binance has played a major role in the uptrend. Following the listing announcement on May 22, Ethereum founding member Vitalik Buterin acknowledged the blockchain platform’s potential. But things are about to change for the Singapore-based service as its price corrects by the day. This is evident in Zilliqa’s failure to squash resistance at crucial price stages over the previous week. If Bitcoin doesn’t bring altcoins on its rally, this may be the end of the road for Zilliiqa’s two-month surge that has exceeded 900%. If bulls oppose the reversal with the aim of short-term altcoin growth, an uptrend will depend on crashing resistance at the 23.6 as well as the 38.2 fibo. While sinking below $0.018 ends the bullish sway, an adjustment to $0.012–$0.015 would still be healthy before a new upside trigger. The current opposition stands between $0.020 and $0.022.