There are a lot of Tracking Sites but this one has a real nice overview of the important data around your coins.
On May 6, 2010, the stock market collapsed. The Dow Jones Industrial Average, Nasdaq Composite and S&P 500 all nose-dived, losing around 9% of their value. A trillion dollars was wiped off the value of companies. Within 20 minutes, most of the losses had been regained and within 36 minutes and the event was over. Whatever hit the economy that day had nothing to do with the true state of America’s finances.
An investigation into the Flash Crash focused on the algorithms used by high-frequency traders, companies that rapidly buy and sell stocks as their computer programs spot small price differences across the market. Five years later, police arrested Navinder Singh Sarao, a small trader who was believed to have made more than $40 million during the crash. Trading from his small house in London, he was alleged to have used a computer program to rapidly place sell orders to drive down prices, cancel the orders before the trades went through, then buy the stocks at the lower rate. He wasn’t the only one to make money that day, but his actions were enough to help move the market.
Sizing up Bitcoin is a tall order. Even as the price of one bitcoin soared above $10,000, a debate raged over what, exactly, Bitcoin is: A digital store of value, a revolutionary payment platform, or the promise of a completely new, blockchain-based financial system.
The truth is that Bitcoin is all of those things, but whether it’ll succeed as all three — or any of them — remains to be seen.
The most important problem these upgrades were supposed to fix bitcoin’s biggest problem—that it’s escalating popularity had exposed an underlying issue with Bitcoin’s distributed database. The issue limited just how much Bitcoin could process at any one time, making the network congested and transactions expensive (not to mention power-hungry).
Put simply, while Bitcoin has exploded in value and popularity, the base technology has remained stagnant. And that casts a shadow on its future — right when competition among cryptocurrencies is on fire.
Source: cuvialabs.com
Joel Monegro wrote an insightful piece on crypto-economics called “The Fat Protocol” . In it, he concludes that unlike the Internet which is monetized at the application level, the Blockchain is monetized at the protocol level. This is analogous to owning a piece of TCP/IP and deriving an economic benefit every time it is utilized. We created the Monegro Index as a homage to Joel and to clearly illustrate and track this crypto-economic principle.
The economic implication of “The Fat Protocol” are many. As an investor in a Blockchain application or sub-token, you are giving up protocol token for app tokens, which are arguably much less valuable. As a blockchain app developer, you are giving up app tokens in exchange for protocol tokens. Unlike the Internet, there is an economic disincentive to standardize. Interesting to see how this all shakes out.
Source: simplytradingtips.com
This was the exact reaction I had when I understood the power of reading candlestick charts and how reading them helped me become the boss of my own finances.
By the end of this post you will have a firm understanding on everything you need to know about candlestick charts as well as how to read candlestick charts like a pro. This guide will serve you as your personal reference when it comes to understanding candlestick charts; so bookmark this page right now.
Let’s begin!
Trading is a game, a game of war. It is the war between buyers and sellers, where Candlestick charts are scoreboards which indicate who is winning.
Candlestick charts need various data to form their shape; data about the sessions’ OHLC (Open, High, low and Close) price action. Each candlestick represents a single session, and a session can be of 1, 5,15, 30 minutes to hours or even days and weeks.
Reading candlestick charts and finding their patterns are as easy as learning how to drive. We might feel confused at first, but soon after the initial phase it becomes the easiest thing to do.
Candlestick charts are thought to have been invented by a Japanese named Homma. Since they were developed by the Japanese they are also known as “Japanese Candlestick charts”, and they were later introduced to the western world by “Steve Nison”.