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I wasn’t born with the gift of writing. In fact, until I started blogging on Steemit in 2016, I never really saw myself as a writer. And if not for the huge rewards I was getting, ($5 to $500 per post, despite my mediocre writing and inability to generate enormous traffic), I probably would never have developed the habit of writing.

Today, the Steemit opportunity is gone, but I still write. I’ve come to love writing for its many benefits. It makes me feel happier, more productive and enable me to communicate my ideas with more clarity. I like the…


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Fibonacci retracements are potential points of temporary reversal within two particular price levels on a chart. This indicator is so named because it functions based on using Fibonacci numbers as reversal points in a trend.

On market charts, the Fibonacci Retracement tool can be deployed to draw horizontal lines (0% and 100% Fibonacci ratios) at two different price areas on the chart. The areas are to the discretion of the trader and are very often areas where a price high and price low occurred on the chart. Once these lines are drawn, the Fibonacci percentages are then indicated between them…


Tradingview

Technical analysis involves the evaluation of past price actions to predict future actions. Using tools, indicators, and oscillators, traders identify potentially significant data from a particular period or periods of the market’s past movements; then use the resulting information to make calls on future movements and place their trades accordingly. Understanding this basis, one can know how important these tools are to traders, and which ones are given priority over the others. One of the most basic, and yet one of the most important tools to a technical analyst is a trendline.

A trendline is a line that typically connects…


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Cryptocurrency is a relatively young digital asset class built on a blockchain network. They are not exclusively issued and controlled by a single central authority, but are rather decentralized due to the nature of blockchain technology. The decentralized and fully digital nature of cryptocurrencies form the basis for perhaps the most popular feature of cryptocurrencies — volatility. The conception of volatility around cryptocurrencies is very widespread, which makes it a source of shock for some people to find out that not all cryptocurrencies are wildly volatile. The currencies that form this class of cryptos are called stablecoins.

A stablecoin is…


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It has always been a point of reference for investors and commentators alike that cryptocurrency trading is an exceptionally lucrative venture when leveraged properly. However, much emphasis is on “when leveraged properly”. Volatile movements and spontaneous actions and reactions usually characterize the cryptocurrency market. That is why it is absolutely important to go into the market with proper information and an excellent strategy. The required information comes from studying and reading subsequent pointers from the market, through either fundamental or technical analysis, or both. These analyses take quite the time and dedication and a level of expertise not readily possessed…


Source: Tradingview

Created by John Bollinger in the 1980’s, Bollinger Bands have become a very well-known and widely used tool in technical analysis. It basically is a trading indicator denoted by three lines, to measure market volatility and identify areas of the market where the asset is overbought and oversold.

Bollinger Bands work closely with standard deviation, which shows how great the current market data has deviated from the average market data over a particular timeframe. As earlier stated, Bollinger Bands comprise three lines namely;

  • Upper Band: This is the line that adds a standard deviation value of 2 to the…

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Trading stocks and securities in the financial markets have been around for a very long time. Cryptocurrencies, on the other hand, are quite recent. They are relatively young asset class, springing up and gaining more and more acceptance with the advancement of technology and the greater prominence of different forms of the media. The highly profitable nature of cryptocurrency trading has greatly accelerated its fame, but that has not been its only selling point. A very popular phenomenon in the cryptocurrency space is airdropping of crypto tokens, a two-way venture potentially lucrative to both enthusiasts and crypto projects alike.

Airdrops…


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Asset trading has steadily grown to be one of the most profitable ways to make money, and the steady progression of technology is only reinforcing this position the more. The most popular way to profit from the markets is by identifying an undervalued asset, buying it when it is low, then selling it off for a profit when the price has increased. This is mainly done using fundamental and technical analyses, but not in every situation. There are times when traders buy lower and sell higher simply by profiting off of market anomalies. …


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Compounding, also known as interest upon interest, is a system that calculates interest or capital gains on an investment based on the capital AND the interest. This is as opposed to linear or simple interest. Linear or simple interest calculates the interest on an investment based solely on the capital. That means the interest is calculated on a constant principal at the beginning of each period for a preset duration. However, in the case of compounding, the interest from the previous period is added to the principal from that preceding period to make the principal for the new period. Thus…


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In the world of trading, there’s a myriad of activities and factors the diligent trader must put into perspective. Amidst this flurry of things, everything boils down to two fundamental forces — the bulls and the bears. As a recap, the market is bullish when the general market sentiment is to buy, driving up prices. A bearish market is an exact opposite. With these in mind, what then does bullish divergence cover?

Bullish divergence is a precious technical analysis indicator. It’s not as much a tool as a pattern revealed by tools. It is a situation where the asset price…

Toju Kaka

#Author of Understanding EOS: https://amzn.to/3aPhBDA #Blockchain Consultant #Cryptocurrency Trader. #@OKEx Business Development Manager for Nigeria

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