Why should you choose Nominex exchange?
📍Professional trading instruments
📍100+ cryptocurrencies
📍High-speed transfers
📍Crypto-fiat trading pairs
📍Customizable user interface
📍Track your portfolio perfomance
📍Secure wallets
📍Multilevel referral program
We are developing a product that will make a difference in cryptocurrency trading. Our highest priorities are platform’s security and perfomance.
Be the first one to try out. Subscribe now at welcome.nominex.io to be the fist one to test. More news are coming soon, stay tuned!
📍Professional trading instruments
📍100+ cryptocurrencies
📍High-speed transfers
📍Crypto-fiat trading pairs
📍Customizable user interface
📍Track your portfolio perfomance
📍Secure wallets
📍Multilevel referral program
We are developing a product that will make a difference in cryptocurrency trading. Our highest priorities are platform’s security and perfomance.
Be the first one to try out. Subscribe now at welcome.nominex.io to be the fist one to test. More news are coming soon, stay tuned!
What is a Candlestick?
Candlestick’s Anatomy
A candlestick is a chart used to show the highest price, lowest price, opening price and closing price of a cryptocurrency. The time period may vary from 1 minute to 1 week or even more. Candlesticks is essential part of different trading charts.
The colored part of the candlestick is called the “body” and demonstrates whether the closing price was higher or lower than the opening price. If the candlestick is red the cryptocurrency’s closing price is lower than its opening price. Green candlesticks indicate that the cryptocurrency closed at a higher price than it opened. The lines around the body are called upper and lower shadow. They reflect the highest and the lowest price of the day.
Wanna learn about candlestick types and how to identify trends by looking at them? Subscribe at Nominex Telegram channel! #cryptotrading101
Candlestick’s Anatomy
A candlestick is a chart used to show the highest price, lowest price, opening price and closing price of a cryptocurrency. The time period may vary from 1 minute to 1 week or even more. Candlesticks is essential part of different trading charts.
The colored part of the candlestick is called the “body” and demonstrates whether the closing price was higher or lower than the opening price. If the candlestick is red the cryptocurrency’s closing price is lower than its opening price. Green candlesticks indicate that the cryptocurrency closed at a higher price than it opened. The lines around the body are called upper and lower shadow. They reflect the highest and the lowest price of the day.
Wanna learn about candlestick types and how to identify trends by looking at them? Subscribe at Nominex Telegram channel! #cryptotrading101
Thomson Reuters’ Terminal Eikon will track 50 Crypto Assets
One of the most influential financial information company Thomson Reuters has partnered with cryptocurrency tracking resource CryptoCompare. Reuters’ financial desktop platform Eikon, aimed at institutional investors, will now provide trade data on 50 cryptocurrencies.
In press release by Thomson Reuters, the company stated that in spite of price decline of top cryptocurrencies in 2018, their customers demonstrate increasing demand for pricing coverage of the major coins. CryptoCompare CEO Charles Hayter commented in the press release that the interest from institutional investors in global and real-time cryptomarket data is rising as the market matures.
The trade data will be provided by several trusted exchanges. The start date is unknown.
One of the most influential financial information company Thomson Reuters has partnered with cryptocurrency tracking resource CryptoCompare. Reuters’ financial desktop platform Eikon, aimed at institutional investors, will now provide trade data on 50 cryptocurrencies.
In press release by Thomson Reuters, the company stated that in spite of price decline of top cryptocurrencies in 2018, their customers demonstrate increasing demand for pricing coverage of the major coins. CryptoCompare CEO Charles Hayter commented in the press release that the interest from institutional investors in global and real-time cryptomarket data is rising as the market matures.
The trade data will be provided by several trusted exchanges. The start date is unknown.
Market snapshot
Bitcoin lost over 7% of its value in 2 days and is currently trading at $7,600 level. Capitalization of cryptocurrency market dropped to $272 billion.
Despite the whole market being in the red some projects are still making significant gains.
Top 3 gainers in 7d are WeToken (182.03%), Fox Trading (135.06%) and Peerguess (94.22%)
Top 3 losers are FoldingCoin (-58.98%), adToken (-54.43%) and CarBlock (-53.92%).
Bitcoin lost over 7% of its value in 2 days and is currently trading at $7,600 level. Capitalization of cryptocurrency market dropped to $272 billion.
Despite the whole market being in the red some projects are still making significant gains.
Top 3 gainers in 7d are WeToken (182.03%), Fox Trading (135.06%) and Peerguess (94.22%)
Top 3 losers are FoldingCoin (-58.98%), adToken (-54.43%) and CarBlock (-53.92%).
Coinmarketcap announces new professional API
The professional API will allow developers and institutional funds to use aggregated data from Coinmarketcap in product offerings. Through the professional API the following data will be available: price, market capitalization, conversions, and trading pair data from hundreds of exchanges.
The tool was launched after beta testing with hundreds of users and a month of feedback. Professional API will be of high utility to projects and investors that need to run more accurate simulations and backtest trading strategies. The service starts from $79 fo hobbyists and goes up to $699 a month
The professional API will allow developers and institutional funds to use aggregated data from Coinmarketcap in product offerings. Through the professional API the following data will be available: price, market capitalization, conversions, and trading pair data from hundreds of exchanges.
The tool was launched after beta testing with hundreds of users and a month of feedback. Professional API will be of high utility to projects and investors that need to run more accurate simulations and backtest trading strategies. The service starts from $79 fo hobbyists and goes up to $699 a month
Nominex News Channel pinned «Why should you choose Nominex exchange? 📍Professional trading instruments 📍100+ cryptocurrencies 📍High-speed transfers 📍Crypto-fiat trading pairs 📍Customizable user interface 📍Track your portfolio perfomance 📍Secure wallets 📍Multilevel referral program…»
Goldman Sachs plans to offer crypto custody for funds
According to Insider source, Goldman Sachs is considering to offer custody for crypto funds. The institution would hold crypto assets belonging to funds to reduce the risks of different kind of attacks and protect investors.
Unofficial sources say that at least three Wall Street companies are exploring crypto custody services. Earlier in May, Goldman Sachs suggested it would trade bitcoin futures.
If a reliable company like Goldman Sachs launches crypto custody services, it can help crypto assets gain trust and attract new investors into cryptocurrencies.
According to Insider source, Goldman Sachs is considering to offer custody for crypto funds. The institution would hold crypto assets belonging to funds to reduce the risks of different kind of attacks and protect investors.
Unofficial sources say that at least three Wall Street companies are exploring crypto custody services. Earlier in May, Goldman Sachs suggested it would trade bitcoin futures.
If a reliable company like Goldman Sachs launches crypto custody services, it can help crypto assets gain trust and attract new investors into cryptocurrencies.
WSJ: Coordinated crypto ‘Trading Groups’ gained $825 Million in 2018 through market manipulations.
Wall Street Journal study reports that trading groups in social services such as Telegram are to blame for the substantial part of cryptocurrency price manipulations. The WSJ claims that ‘Pump and Dump’ schemes, coordinated in private group chats, generated revenues of $825 million in the first six months alone.
Pump and Dump is a scheme that artificially inflates an asset’s price and then the participants of the scheme sell the coin off at higher prices. People usually agree to buy a certain coin at the same time which results in pumping the price straight up. Dumping begins when the individuals sell off the asset with a huge profit.
Wall Street Journal study reports that trading groups in social services such as Telegram are to blame for the substantial part of cryptocurrency price manipulations. The WSJ claims that ‘Pump and Dump’ schemes, coordinated in private group chats, generated revenues of $825 million in the first six months alone.
Pump and Dump is a scheme that artificially inflates an asset’s price and then the participants of the scheme sell the coin off at higher prices. People usually agree to buy a certain coin at the same time which results in pumping the price straight up. Dumping begins when the individuals sell off the asset with a huge profit.
Wanna be the first to test pro-level trading instruments at Nominex exchange?
Be a part of the project that really makes a difference, subscribe now at welcome.nominex.io
Be a part of the project that really makes a difference, subscribe now at welcome.nominex.io
Bitcoin is back to mid-July level after SEC postpones deadline on VanEck Bitcoin ETF decision. BTC is trading at $6,300 level, ETH at $350. 98 out of top 100 coins see red. BTC dominance has increased to 49%.
Ethereum price is taking a massive hit. What’s next?
BTC lost nearly 10% of its value over the past week, whereas ETH lost 23% of it’s price and is now trading around $320. Since the beginning of the year, the second-largest cryptocurrency lost more than a half of it’s value. Some crypto investors think the price may plummet even further.
A crypto-hedgefund Tetras Capital, a crypto hedge fund known for in-depth analyses , went for shorting ether in May 2018, when the price was around $600 level. In their recently published report, Tetras Capital expresses concerns that Ethereum price isn’t justified. Ethereum strives to be a global platform with decentralized applications (DApps) being run on top of it. At the moment, there are approximately 6000 daily users and the network is already at its full capacity. The network can handle only 15 transaction per second which can’t compare to Visa or Master Card.
On the other hand, Jake Brukhman, founder of CoinFund, has high hopes for Ethereum long-awaited scaling solution and bets on Ethereum.
BTC lost nearly 10% of its value over the past week, whereas ETH lost 23% of it’s price and is now trading around $320. Since the beginning of the year, the second-largest cryptocurrency lost more than a half of it’s value. Some crypto investors think the price may plummet even further.
A crypto-hedgefund Tetras Capital, a crypto hedge fund known for in-depth analyses , went for shorting ether in May 2018, when the price was around $600 level. In their recently published report, Tetras Capital expresses concerns that Ethereum price isn’t justified. Ethereum strives to be a global platform with decentralized applications (DApps) being run on top of it. At the moment, there are approximately 6000 daily users and the network is already at its full capacity. The network can handle only 15 transaction per second which can’t compare to Visa or Master Card.
On the other hand, Jake Brukhman, founder of CoinFund, has high hopes for Ethereum long-awaited scaling solution and bets on Ethereum.
Common order types
Market Order
A market order means to buy or sell an asset at the market price. Market price is determined as the best available price for the asset at the time the order is placed. You cannot place restrictions on the execution of a market order.
Limit Order
A limit order to buy is at the limit or lower price that a trader has decided to buy. A limit order to sell would be at the limit or higher price that a trader has decided to buy. When you execute a limit order an amount of funds is reserved in your account. This does not guarantee that the order will be executed. Limit orders are shown in the order book.
Stop Order
A stop order means to execute a trade at a specific price. This differs from the limit order because once the stop price is reached, a stop order turns into a market order. Stop orders do not reserve funds and do not appear in order books before they are activated.
Stop Limit Order
A stop limit order means a limit order is created at a specific price. Once the stop price is reached, it turns into a limit order. This requires a stop price and a limit price to be specified. Stop limit orders do not reserve funds and do not appear in order books before they are activated.
#cryptotrading101
Market Order
A market order means to buy or sell an asset at the market price. Market price is determined as the best available price for the asset at the time the order is placed. You cannot place restrictions on the execution of a market order.
Limit Order
A limit order to buy is at the limit or lower price that a trader has decided to buy. A limit order to sell would be at the limit or higher price that a trader has decided to buy. When you execute a limit order an amount of funds is reserved in your account. This does not guarantee that the order will be executed. Limit orders are shown in the order book.
Stop Order
A stop order means to execute a trade at a specific price. This differs from the limit order because once the stop price is reached, a stop order turns into a market order. Stop orders do not reserve funds and do not appear in order books before they are activated.
Stop Limit Order
A stop limit order means a limit order is created at a specific price. Once the stop price is reached, it turns into a limit order. This requires a stop price and a limit price to be specified. Stop limit orders do not reserve funds and do not appear in order books before they are activated.
#cryptotrading101
Why should you choose Nominex exchange?
📍Professional trading instruments
📍100+ cryptocurrencies
📍High-speed transfers
📍Crypto-fiat trading pairs
📍Customizable user interface
📍Track your portfolio perfomance
📍Secure wallets
📍Multilevel referral program
Subscribe now at welcome.nominex.io to be the first one to test and get tokens in referral program!
📍Professional trading instruments
📍100+ cryptocurrencies
📍High-speed transfers
📍Crypto-fiat trading pairs
📍Customizable user interface
📍Track your portfolio perfomance
📍Secure wallets
📍Multilevel referral program
Subscribe now at welcome.nominex.io to be the first one to test and get tokens in referral program!