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TRADE TIP: What to watch?

Here is a free trading tip, which we constantly remind our Premium Program members of, like clockwork: MARKET CAPS. Why?

The market cap essentially represents the amount of demand for the #crypto. More people buying, bidding the price higher, leads to a higher market cap. You watch the market cap to determine how the market should react in the near future. You watch the volume, the action.

Many traders like to watch the Bitcoin market cap. We do it differently, we tell our Premium members to always have open the Bitcoin Market Cap AND the Alt Coin Market Cap (see links below). Why? Well, you need to see how both interact with eachother to best determine where the money is flowing. If you see BTC market cap declining, where is that money going? Check the Alt-Coin market cap. Always have both open.

https://coinmarketcap.com/currencies/bitcoin/

https://coinmarketcap.com/currencies/altcoin-alt/

It’s a small but very handy tip. Always remember to keep your eyes on how the wider (marco) market moves. Understanding technical analysis (TA) is imperative.

#btc #bitcoin #bitcointrading #technicalanalysis #daytrading #lupotoro #daytrader #tradingtips

XLM Ready for Bitcoin Decoupling?

It’s widely known that all alt coins rise and fall in value in the wake of Bitcoin as it also rises and falls as so many different coins rely on it, despite what some coins may say in terms independence.

Stellar (XLM) However, has become one of the strongest and most stable coins going around.

To decouple from Bitcoin, alt coins need to have their own infrastructure and/or price stability that is derived from said infrastructure. XLM is a leader in alt coins in this space as they have built a whole ecosystem around their project. Without naming everything they’ve put into their ecosystem, some of the major components they’ve built varies from; their own decentralised exchange, stellar-based stable coins, layer 2 scaling solutions similar to the Lightning Network, increased fiat exposure through its presence on almost every major exchange and major connections & partnerships to big companies world-wide.

When taking all of this into consideration, XLM is arguably one of the strongest and stable alt coins going around at the moment. Given the fact that it is getting this kind recognition is testament to their project and what they’re building.

South Korea - NOT BANNING CRYPTO

Through the grapevine we have heard the rumour that South Korea are planning on banning Bitcoin and Cryptocurrency Exchanges. The rumour states that this is about to be enforced and will be made public in the second or third week of 2018.

This is NOT TRUE. The South Korean government merely want to work more closely with South Korean exchanges and get a better feel for the market. They are not banning anything.

Do NOT panic sell or panic at all once this news breaks. Our PremiumProgram members have already received strategic plans; essentially, the market will dip anyway in the coming weeks/month. Stay calm.