Trading #tutorial.
Bull Flag Concept
π "Bullish flag" is a chart pattern, a type of analytical pattern that can be observed during a strong uptrend in the market. The bullish flag pattern is so named because it looks like a flag and denotes a strong uptrend.
Each subtype of the bullish flag pattern has its own benefits for investors. These types manifest themselves as follows:
π· Assets rise sharply in price (the momentum of the trend resembles a flagpole).
π· Correction of the price action (the chart deviates in the direction opposite to the trend and forms a flag).
π· The correction ends and the bullish trend continues, increasing in volume.
The bullish flag can be used as a pattern of trading strategies in the market at any time. But most often it is used in 2-5 minute series and in case of short-term price changes. It can also be used when swing trading.
Trading with Nominex is much more profitable than other exchanges.
The advantages of trading with us:
https://t.me/nominex_announcements/1039
Bull Flag Concept
π "Bullish flag" is a chart pattern, a type of analytical pattern that can be observed during a strong uptrend in the market. The bullish flag pattern is so named because it looks like a flag and denotes a strong uptrend.
Each subtype of the bullish flag pattern has its own benefits for investors. These types manifest themselves as follows:
π· Assets rise sharply in price (the momentum of the trend resembles a flagpole).
π· Correction of the price action (the chart deviates in the direction opposite to the trend and forms a flag).
π· The correction ends and the bullish trend continues, increasing in volume.
The bullish flag can be used as a pattern of trading strategies in the market at any time. But most often it is used in 2-5 minute series and in case of short-term price changes. It can also be used when swing trading.
Trading with Nominex is much more profitable than other exchanges.
The advantages of trading with us:
https://t.me/nominex_announcements/1039
Forwarded from Nomiswap News
The Nominex ecosystem began its journey in 2019 and is constantly evolving
We have already managed to gain the trust of a wide range of users.
The Roadmap Checklist illustrated below depicts the major milestones that have already been achieved and the ones that are yet to be accomplished.
β¨ Our exchange offers high-quality service and unique offers that will be implemented very soon in version 2.0
There is still a lot of interesting things ahead, thank you for staying with us!
What are you most looking forward to from Nomiswap? What would you like to see on our exchange?
π₯ Swap on Nomiswap DEX:
nomiswap.io/swap
We have already managed to gain the trust of a wide range of users.
The Roadmap Checklist illustrated below depicts the major milestones that have already been achieved and the ones that are yet to be accomplished.
β¨ Our exchange offers high-quality service and unique offers that will be implemented very soon in version 2.0
There is still a lot of interesting things ahead, thank you for staying with us!
What are you most looking forward to from Nomiswap? What would you like to see on our exchange?
π₯ Swap on Nomiswap DEX:
nomiswap.io/swap
Trading #tutorial.
Continuation of the bull flag story
The most difficult step is to recognize the bullish flag in real-time, because its period of activity is quickly expiring, and you only have a minute. Of course, there are special programs to help you do this.
Before looking for this pattern, keep in mind that you need to use a set of trading standards based on such a strategy. These standards include the following:
π· When the pattern appears, the currency rises by a significant amount and forms an uptrend based on the published news.
π· Prices then pull back based on a reversal chart around one of the highs.
π· Make a buy when the price breaks the upper level of the correction triangle.
π· Complete your trades at the very end of the consolidation period.
Profitability: The risk/reward ratio should be 2: 1.
π₯ It is more profitable to trade with Nominex:
nominex.io/markets
Continuation of the bull flag story
The most difficult step is to recognize the bullish flag in real-time, because its period of activity is quickly expiring, and you only have a minute. Of course, there are special programs to help you do this.
Before looking for this pattern, keep in mind that you need to use a set of trading standards based on such a strategy. These standards include the following:
π· When the pattern appears, the currency rises by a significant amount and forms an uptrend based on the published news.
π· Prices then pull back based on a reversal chart around one of the highs.
π· Make a buy when the price breaks the upper level of the correction triangle.
π· Complete your trades at the very end of the consolidation period.
Profitability: The risk/reward ratio should be 2: 1.
π₯ It is more profitable to trade with Nominex:
nominex.io/markets
Forwarded from Nomiswap News
We have added the ETH-BNB pool to our Nomiswap DEX
You've been waiting for this, now you can finally use Ethereum!
βοΈBNB and ETH must be on the bep20 network. Both currencies can be bought and withdrawn on these networks via nominex.io
β¬οΈ Pool ETH-BNB:
https://bit.ly/3nkX9mQ
And this is great news, again it's time to replenish liquidity and start farming.
β οΈ Also note that the NMX staking APR is now 100% higher. It's even more profitable to mine our utility token, take advantage of the moment!
β¬οΈ NMX staking:
nomiswap.io/pools
We are glad to see you on our DEX!
You've been waiting for this, now you can finally use Ethereum!
βοΈBNB and ETH must be on the bep20 network. Both currencies can be bought and withdrawn on these networks via nominex.io
β¬οΈ Pool ETH-BNB:
https://bit.ly/3nkX9mQ
And this is great news, again it's time to replenish liquidity and start farming.
β οΈ Also note that the NMX staking APR is now 100% higher. It's even more profitable to mine our utility token, take advantage of the moment!
β¬οΈ NMX staking:
nomiswap.io/pools
We are glad to see you on our DEX!
Forwarded from Nomiswap News
π₯ High APR for staking, get great benefits!
The annual percentage rate has been increased by 100%, this is a great time to start earning passive income with Nominex and refer your friends.
Staking today is a great alternative to mining. You simply receive passive income in tokens without additional manipulations and energy costs.
π If you want to stake NMX but don't have it, you can always buy it on our centralized exchange:
https://nominex.io/my/nmx/
π Or you can buy NMX directly on Nomiswap DEX:
https://nomiswap.io/swap
The annual percentage rate has been increased by 100%, this is a great time to start earning passive income with Nominex and refer your friends.
Staking today is a great alternative to mining. You simply receive passive income in tokens without additional manipulations and energy costs.
π If you want to stake NMX but don't have it, you can always buy it on our centralized exchange:
https://nominex.io/my/nmx/
π Or you can buy NMX directly on Nomiswap DEX:
https://nomiswap.io/swap
Forwarded from Nomiswap News
How is your virtual life going?
Has everyone visited the booths of Nominex and Nomiswap in the SecondLive metaverse?
If not, then you still have a chance, the event runs until January 14th.
This is good entertainment: you can run with friends and chat with other users in a chat on crypto topics.
π₯ You can also contribute to the development of the project!
There is a chance to invite people to the stands of our ecosystem (these are stands C07 and D07). The more people learn about our project, the more chances the token rate has π
nominex.io/my/nmx/
The strength of the community is important. That is why we participate in such events.
Have a nice virtual walk!
β¬οΈ Register:
https://secondlive.world/download
________________________
Nominex Ecosystem Resources
Has everyone visited the booths of Nominex and Nomiswap in the SecondLive metaverse?
If not, then you still have a chance, the event runs until January 14th.
This is good entertainment: you can run with friends and chat with other users in a chat on crypto topics.
π₯ You can also contribute to the development of the project!
There is a chance to invite people to the stands of our ecosystem (these are stands C07 and D07). The more people learn about our project, the more chances the token rate has π
nominex.io/my/nmx/
The strength of the community is important. That is why we participate in such events.
Have a nice virtual walk!
β¬οΈ Register:
https://secondlive.world/download
________________________
Nominex Ecosystem Resources
Forwarded from Nomiswap News
One ecosystem, one referral tree, a lot of profit!
Nominex + Nomiswap ecosystem is CeDeFi type which means that using one platform you get some better conditions on another platform.
All this is possible thanks to utilitarian farming/staking.
When you put some value in liquidity pools or staking pools then you are applied to the corresponding farming level: Starter, Partner, PRO, VIP, Elite or MAX.
πThe higher level you get β the higher referral rewards you get in both Nominex and Nomiswap, and more trading fees cashback you get on Nominex and Nomiswap trading platforms.
To get preferences in Nominex you need to attach your cold wallet to Nominex which you also use in Nomiswap DEX. This is how Nominex understands which farming level you have got in Nomiswap.
π₯Go swap!
nomiswap.io/swap
Nominex + Nomiswap ecosystem is CeDeFi type which means that using one platform you get some better conditions on another platform.
All this is possible thanks to utilitarian farming/staking.
When you put some value in liquidity pools or staking pools then you are applied to the corresponding farming level: Starter, Partner, PRO, VIP, Elite or MAX.
πThe higher level you get β the higher referral rewards you get in both Nominex and Nomiswap, and more trading fees cashback you get on Nominex and Nomiswap trading platforms.
To get preferences in Nominex you need to attach your cold wallet to Nominex which you also use in Nomiswap DEX. This is how Nominex understands which farming level you have got in Nomiswap.
π₯Go swap!
nomiswap.io/swap
Forwarded from Nomiswap News
In what pools do you farm on Nomiswap DEX?
Write in the comments what pools you would like to see in the future.
Write in the comments what pools you would like to see in the future.
Anonymous Poll
36%
NMX-BNB
28%
NMX-BUSD
16%
BNB-USDT
27%
Stablecoins
12%
ETH-BNB
5%
TONCOIN-USDC
7%
SOL-USDC
9%
MATIC-USDT
6%
DOGE-USDT
9%
SHIB-BUSD
Forwarded from Nomiswap News
Time to stake NMX
Have you already joined this type of passive income on our DEX?
Welcome to the Nomiswap launchpool!
At the moment, it contains 2,261,271 NMX tokens for a total of about $4 million.
πNow a very good APR β 346%. This is a great opportunity to get a big passive income in a couple of clicks.
β Stake NMX:
nomiswap.io/pools
Best time to invite friends! Later, you will receive good referral bonuses from partners who have already staked. They will also be on your CEX team.
There are several ways to buy NMX for staking: farm and invest in staking, or buy on CEX and DEX.
Purchase is the fastest way to acquire a token for further investment.
π Exchange on Nomiswap:
nomiswap.io/swap
π΅ Exchange on Nominex:
nominex.io/my/nmx/
π Farm:
nomiswap.io/farms
Have you already joined this type of passive income on our DEX?
Welcome to the Nomiswap launchpool!
At the moment, it contains 2,261,271 NMX tokens for a total of about $4 million.
πNow a very good APR β 346%. This is a great opportunity to get a big passive income in a couple of clicks.
β Stake NMX:
nomiswap.io/pools
Best time to invite friends! Later, you will receive good referral bonuses from partners who have already staked. They will also be on your CEX team.
There are several ways to buy NMX for staking: farm and invest in staking, or buy on CEX and DEX.
Purchase is the fastest way to acquire a token for further investment.
π Exchange on Nomiswap:
nomiswap.io/swap
π΅ Exchange on Nominex:
nominex.io/my/nmx/
π Farm:
nomiswap.io/farms
This is not investment advice. Always calculate your own risks and make deliberate decisions.On January 12, Bitcoin made a bullish breakout, which was a sign that the correction was over.
Stronger resistance is at the level of $45.8k, but BTC has not yet reached it, but returned after a rebound to the area of the previous resistance β $42.1k. There is a possibility that now this bar will remain a new support level.
π At the moment, you can see that the support is between $42.1k β $42.7k. There is a possibility that another bounce will form from here.
Lower support is at $41.5k. You can see that Bitcoin has formed a bearish engulfing candle.
There are opinions that the price of BTC will either make a short-term rebound in the direction of $45k β $48k, and then decrease again, completing the entire correction, or the rebound may be more global, reaching a maximum in the region of $55k, after which the price will decrease again.
What are your predictions for the price of BTC?
π Trade BTC on Nominex:
nominex.io/markets/BTCST/USDT
Stronger resistance is at the level of $45.8k, but BTC has not yet reached it, but returned after a rebound to the area of the previous resistance β $42.1k. There is a possibility that now this bar will remain a new support level.
π At the moment, you can see that the support is between $42.1k β $42.7k. There is a possibility that another bounce will form from here.
Lower support is at $41.5k. You can see that Bitcoin has formed a bearish engulfing candle.
There are opinions that the price of BTC will either make a short-term rebound in the direction of $45k β $48k, and then decrease again, completing the entire correction, or the rebound may be more global, reaching a maximum in the region of $55k, after which the price will decrease again.
What are your predictions for the price of BTC?
π Trade BTC on Nominex:
nominex.io/markets/BTCST/USDT
Forwarded from Nomiswap News
Trading Fees Cashback is the process of using transaction fees to reward the community
Unlike other exchange platforms, Nomiswap returns the transaction fees to the users in the form of its native token β NMX.
When you make a swap on Nomiswap and pay a trading fee of 0.1%, up to 100% of the trading fee will be immediately returned to your βFee Returnβ balance in NMX tokens. The size of cashback depends on your farming level.
π Swap on DEX:
nomiswap.io/swap
The Nomiswap team allocates 10% of all issuing tokens for the cashback payouts but these tokens will be generated in a unique way. To be more specific, tokens for cashback payouts are generated once a day and the following day all traders from Nomiswap and Nominex platforms participate in trading fees cashback payouts.
Each day may be distributed only a fixed amount of NMX tokens which is 10% from the full daily distribution pool.
π Nomiswap Farming:
nomiswap.io/farms
Unlike other exchange platforms, Nomiswap returns the transaction fees to the users in the form of its native token β NMX.
When you make a swap on Nomiswap and pay a trading fee of 0.1%, up to 100% of the trading fee will be immediately returned to your βFee Returnβ balance in NMX tokens. The size of cashback depends on your farming level.
π Swap on DEX:
nomiswap.io/swap
The Nomiswap team allocates 10% of all issuing tokens for the cashback payouts but these tokens will be generated in a unique way. To be more specific, tokens for cashback payouts are generated once a day and the following day all traders from Nomiswap and Nominex platforms participate in trading fees cashback payouts.
Each day may be distributed only a fixed amount of NMX tokens which is 10% from the full daily distribution pool.
π Nomiswap Farming:
nomiswap.io/farms
π1
What are liquidity pools?
#Tutorial for crypto traders. Everyone needs to know well the subject with which they are dealing.
Liquidity is the ability of an asset to be sold at the market price that exists at a given point in time.
π° A liquidity pool is a vault in which market participants place their assets in order to together provide a liquidity reserve for all exchange participants, allowing them to sell their assets.
Each liquidity pool consists of 2 tokens and is used to create a market for the tokens that make up the pool.
β Every time a liquidity provider contributes assets to the pool, it is provided with a unique token - the liquidity pool token. In the case of NMX and USDT, you receive the NMX-LP token. That is - NMX Liquidity Pool token. Moreover, their number depends on how many of your assets are stored in the pool.
Also on our DEX there are many other pools that you can use to farm NMX.
π Nomiswap Pools:
nomiswap.io/farms
#Tutorial for crypto traders. Everyone needs to know well the subject with which they are dealing.
Liquidity is the ability of an asset to be sold at the market price that exists at a given point in time.
π° A liquidity pool is a vault in which market participants place their assets in order to together provide a liquidity reserve for all exchange participants, allowing them to sell their assets.
Each liquidity pool consists of 2 tokens and is used to create a market for the tokens that make up the pool.
β Every time a liquidity provider contributes assets to the pool, it is provided with a unique token - the liquidity pool token. In the case of NMX and USDT, you receive the NMX-LP token. That is - NMX Liquidity Pool token. Moreover, their number depends on how many of your assets are stored in the pool.
Also on our DEX there are many other pools that you can use to farm NMX.
π Nomiswap Pools:
nomiswap.io/farms
From January 6 to January 10, BTC tested the support zone $41k β $39k, buyers thoroughly defended themselves, or those who opened short deals.
Nevertheless, the currency was actively redeemed below $41k, preventing the next bottom from breaking through.
On January 12-13, the resistance area of $48k-$45k was similarly tested. Sellers did not allow a rebound to occur. As a result, a "triangle" figure has formed on the chart, and it has 2 resolution paths.
π· If the support level fixes above the triangle, the movement will continue towards $52k.
π· Fixing below the $39.5k zone is likely to cancel the growth scenario and bring the probability of the price falling to $30k.
At the moment, a return to the lower limit of the current flat of $40.5k β $41k cannot be ruled out,
π Exchange BTC on Nominex more profitably than on other exchanges:
nominex.io/markets/BTC/USDT
π Exchange BTC on DEX:
nomiswap.io/swap
Nevertheless, the currency was actively redeemed below $41k, preventing the next bottom from breaking through.
On January 12-13, the resistance area of $48k-$45k was similarly tested. Sellers did not allow a rebound to occur. As a result, a "triangle" figure has formed on the chart, and it has 2 resolution paths.
π· If the support level fixes above the triangle, the movement will continue towards $52k.
π· Fixing below the $39.5k zone is likely to cancel the growth scenario and bring the probability of the price falling to $30k.
At the moment, a return to the lower limit of the current flat of $40.5k β $41k cannot be ruled out,
π Exchange BTC on Nominex more profitably than on other exchanges:
nominex.io/markets/BTC/USDT
π Exchange BTC on DEX:
nomiswap.io/swap
π₯°1
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Nominex mobile app
π± You can now farm and trade on your iOS or Android!
The process will be more convenient. Trade Bitcoin and other 1000+ cryptocurrencies commission-free with the DeFi NMX token on the smartphone or tablet.
π€ Android: https://play.google.com/store/apps/details?id=com.nominex.app&hl=en&gl=US
π iOS: https://apps.apple.com/us/app/nominex/id1572965666
You can connect wallets through WalletConnect. Works great with both TrustWallet and Metamask.
Have a great and comfortable trading!
π± You can now farm and trade on your iOS or Android!
The process will be more convenient. Trade Bitcoin and other 1000+ cryptocurrencies commission-free with the DeFi NMX token on the smartphone or tablet.
π€ Android: https://play.google.com/store/apps/details?id=com.nominex.app&hl=en&gl=US
π iOS: https://apps.apple.com/us/app/nominex/id1572965666
You can connect wallets through WalletConnect. Works great with both TrustWallet and Metamask.
Have a great and comfortable trading!
Forwarded from Nomiswap News
The Best Swap Experience
Nomiswap Exchange is an automated market maker (AMM) that allows a user to exchange two tokens on the Binance Smart Chain network (later on other networks).
The liquidity provided to the exchange comes from Liquidity Providers ("LPs") who stake their tokens in Liquidity Pools. In exchange, a user gets LP tokens that can also be staked to earn NMX tokens in the "Farms".
When a user makes a token swap (trade) on the exchange, a trading fee of 0.1% will be charged, which is broken down in the following way:
π· 0.03% is returned to liquidity providers in the form of a fee reward
π· 0.07% is used for referral program rewards, trading fees cashback, NMX burning and Nomiswap profit.
π Exchange tokens on Nomiswap:
nomiswap.io/swap
Nomiswap Exchange is an automated market maker (AMM) that allows a user to exchange two tokens on the Binance Smart Chain network (later on other networks).
The liquidity provided to the exchange comes from Liquidity Providers ("LPs") who stake their tokens in Liquidity Pools. In exchange, a user gets LP tokens that can also be staked to earn NMX tokens in the "Farms".
When a user makes a token swap (trade) on the exchange, a trading fee of 0.1% will be charged, which is broken down in the following way:
π· 0.03% is returned to liquidity providers in the form of a fee reward
π· 0.07% is used for referral program rewards, trading fees cashback, NMX burning and Nomiswap profit.
π Exchange tokens on Nomiswap:
nomiswap.io/swap
π· More ATMs
In 2021, the crypto-ATM market has grown to $75 million. Analysts expect its valuation to reach $1.88 billion by 2028.
π· Is the crypto boom passing by the population?
According to studies, 14.1% of the population of El Salvador absolutely trust Bitcoin, 13.2% trust to some extent, 34.8% do not trust at all, and the rest are still undecided on what they expect from the first cryptocurrency. 22% of the country's population does not even know what BTC is.
nominex.io/markets/BTC/USDT
π· Trust in digital assets
The ex-economist of the International Monetary Fund said that people prefer to use cryptocurrency for trading rather than fiat money.
π· Another ban
Pakistan's Federal Investigation Agency is going to block cryptocurrency websites.
π· More hodl!
During the December sales in the crypto market, hodlers were able to significantly increase their reserves. The number of BTC wallets has doubled.
π Trading on Nominex is more profitable:
nominex.io/markets
In 2021, the crypto-ATM market has grown to $75 million. Analysts expect its valuation to reach $1.88 billion by 2028.
π· Is the crypto boom passing by the population?
According to studies, 14.1% of the population of El Salvador absolutely trust Bitcoin, 13.2% trust to some extent, 34.8% do not trust at all, and the rest are still undecided on what they expect from the first cryptocurrency. 22% of the country's population does not even know what BTC is.
nominex.io/markets/BTC/USDT
π· Trust in digital assets
The ex-economist of the International Monetary Fund said that people prefer to use cryptocurrency for trading rather than fiat money.
π· Another ban
Pakistan's Federal Investigation Agency is going to block cryptocurrency websites.
π· More hodl!
During the December sales in the crypto market, hodlers were able to significantly increase their reserves. The number of BTC wallets has doubled.
π Trading on Nominex is more profitable:
nominex.io/markets
Checklist for profitable trading
8-point #tutorial
Economic situation
Important events and news can seriously affect the markets.
Non-trading risks
Unaccounted for factors (for example, Elon Musk's tweet) can also be a surprise.
Exchanges
Beware of scams and choose reliable market players.
Trading risks
Factors directly related to trading.
Instruments
The choice of a pair for trading must be made taking into account its volatility and liquidity.
Leverage and lot volume
Experts do not advise beginners to use a large leverage.
Trading system and indicators
The more aggressive a trading strategy is, the more risky it is.
Psychology
Accepting failures, controlling emotions... The crypto market offers great opportunities for earning money, but it also carries a lot of temptations.
β And to trade more profitable than anywhere else, use the Nominex ecosystem!
π CEX:
nominex.io/markets
π DEX:
nomiswap.io/swap
8-point #tutorial
Economic situation
Important events and news can seriously affect the markets.
Non-trading risks
Unaccounted for factors (for example, Elon Musk's tweet) can also be a surprise.
Exchanges
Beware of scams and choose reliable market players.
Trading risks
Factors directly related to trading.
Instruments
The choice of a pair for trading must be made taking into account its volatility and liquidity.
Leverage and lot volume
Experts do not advise beginners to use a large leverage.
Trading system and indicators
The more aggressive a trading strategy is, the more risky it is.
Psychology
Accepting failures, controlling emotions... The crypto market offers great opportunities for earning money, but it also carries a lot of temptations.
β And to trade more profitable than anywhere else, use the Nominex ecosystem!
π CEX:
nominex.io/markets
π DEX:
nomiswap.io/swap
Let's check how well you are familiar with the Nominex project? π
Since what year has the exchange been operating and available to users?
Since what year has the exchange been operating and available to users?
Anonymous Quiz
14%
2017
10%
2018
35%
2019
41%
2020
Forwarded from Nomiswap News
Liquidity Pools
When you add liquidity to the pool, you will get LP tokens. When someone makes a token swap, a transaction fee of 0.1% will be charged. 0.03% will be returned to liquidity providers in the form of a fee reward. The liquidity pool will also allow you to stake your LP tokens to earn NMX tokens in the βFarmsβ. Hence, apart from earning income from token swap transactions, a user will be able to stake LP tokens and earn NMX tokens.
Please note that when adding liquidity you will need to have a sufficient amount of each token. Letβs say you want to add the following liquidity: 1 BNB / 308 BUSD. If you have less than 308 BUSD or less than 1 BNB, you will not be able to proceed.
Do you have tokens listed in one of our pools? So let them not lie idle, but bring passive income!
π Choose a pool and farm:
https://nomiswap.io/farms
Index of fear and greed
This is the #tutorial for those who want to navigate market conditions and take benefit from analysis.
βοΈ The indicator has two poles: fear and greed, they clearly show the desire to acquire assets. This is one of the important indicators that will help you understand what state the market is in now: it is a bullish or a bearish market.
π The behavior of investors at different stages in relation to buying/selling can be very different. In general, investors are scared when the market falls. When the market rises, their behavior can be called greedy, i.e. they want to buy more than sell.
The index shows a parameter from 0 to 100. The closer this number is to zero, the less investors are ready to buy (bearish sentiment prevails), and vice versa, if the index is close to 100, people tend to buy assets (bullish). You can use this indicator as an effective signal to spot market ups and downs.
To determine the index of greed and fear, it is necessary to use the 6οΈβ£ parameters indicated below. The combination of the results of these indicators can form the final index figure for you.
β’ Volatility;
β’ Market size;
β’ Activity in the Social. networks and media;
β’ Domination;
β’ Trends;
β’ Reviews.
There are also special tools for monitoring the index:
https://alternative.me/crypto/fear-and-greed-index/
The Fear and Greed Index are not the only values that can be used to gauge market sentiment. When you think you have made the best decision, the market can react negatively and it is impossible to predict events 100% accurately.
Read more about the Fear and Greed Index β¬οΈ
https://nominex.io/blog/nominex/crypto-fear-and-greed-index/
After deepening into the material, it's time to put the knowledge into practice.
π Trade on Nominex CEX:
nominex.io/markets
π Trade on Nomiswap DEX:
nomiswap.io/swap
This is the #tutorial for those who want to navigate market conditions and take benefit from analysis.
βοΈ The indicator has two poles: fear and greed, they clearly show the desire to acquire assets. This is one of the important indicators that will help you understand what state the market is in now: it is a bullish or a bearish market.
π The behavior of investors at different stages in relation to buying/selling can be very different. In general, investors are scared when the market falls. When the market rises, their behavior can be called greedy, i.e. they want to buy more than sell.
The index shows a parameter from 0 to 100. The closer this number is to zero, the less investors are ready to buy (bearish sentiment prevails), and vice versa, if the index is close to 100, people tend to buy assets (bullish). You can use this indicator as an effective signal to spot market ups and downs.
To determine the index of greed and fear, it is necessary to use the 6οΈβ£ parameters indicated below. The combination of the results of these indicators can form the final index figure for you.
β’ Volatility;
β’ Market size;
β’ Activity in the Social. networks and media;
β’ Domination;
β’ Trends;
β’ Reviews.
There are also special tools for monitoring the index:
https://alternative.me/crypto/fear-and-greed-index/
The Fear and Greed Index are not the only values that can be used to gauge market sentiment. When you think you have made the best decision, the market can react negatively and it is impossible to predict events 100% accurately.
Read more about the Fear and Greed Index β¬οΈ
https://nominex.io/blog/nominex/crypto-fear-and-greed-index/
After deepening into the material, it's time to put the knowledge into practice.
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nominex.io/markets
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Nominex Blog |
Crypto fear and Greed index
There are two effective rates in the financial and stock markets as defined by CNNMoney. These two rates are Fear and Greed Index, respectively.