onex_team (OP)
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July 18, 2019, 05:10:46 AM |
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🔵Understanding the basics of intra-exchange arbitrage The work on the OneExBit arbitrage bot is almost finished, and naturally we are getting lots of questions from the community. In particular, many users ask if our bot will search for arbitrage opportunities across different exchanges (inter-exchange) or within one exchange (intra-exchange). In this post, we'll try to give a detailed answer. The first edition of our bot will search for intra-exchange windows – support for interexchange arbitrage will be added later on. At first, you'll be able to use the bot with Bitfinex and Binance; in the next few months, it will become possible to search for opportunities on all the exchanges integrated into the OneExBit terminal, such as Poloniex, HitBTC, BitMex, and so forth. 🔵Why traditional arbitrage can be risky Most users who are familiar with arbitrage trading don't even realize that there are two types of arbitrage. The one we are most used to is inter-exchange – that is, searching for price differences for the same asset across different exchanges. However, this type of arbitrage has a serious problem: once you find a good window and purchase an asset on exchange A at a lower price, you have to withdraw it, send it to exchange B and then sell it there, potentially withdrawing the proceeds after that. This creates two risks: a) withdrawing asset A, you can incur significant fees, which will eat up part of your profit from the arbitrage deal; b) sending the asset from one exchange to another will take time – sometimes minutes (which is a lot of time in crypto trading). While you wait for the asset to be deposited in your account, the arbitrage window can close. It can happen because other arbitrage traders will notice the window and rush in; or because the exchange itself will eliminate it. These risks can be mitigated by looking for price differences within the same exchange – it is called intra-exchange, or triangular arbitrage. 🔵What is intra-exchange arbitrage, anyway? This type of arbitrage is called triangular because you need to perform trades with three different assets. The key fact to understand is that relative prices for several assets on the same exchange are not exactly proportionate to each other – there are often large spreads. For example, imagine that at a certain exchange 1 Bitcoin is traded for $9500 and at the same time for 1 BTC you can get 43 ETH. So what would be the price of ETH in US dollars? Someone who has studied math at school (but not trading) would think that it's enough to divide by 9500 by 43 – you'd get $221 for one ETH. However, that's now how crypto trading works. Since the market is inefficient, relative price changes don't spread instantly, especially when volatility is high. So, it's quite possible that the ETH/USD price is $230, for example. How can you profit from this difference? Step 1. Buy 1 BTC for $9500. Step 2. Exchange your 1 BTC for 43 ETH. Step 3. Sell your ETH for USD and get 43*230=9890 You started with $9500 and ended up with $9890 – not bad! Of course, this is an idealized example; in reality there are also the fees to consider. If the fee is 0.2%, for instance, you'd pay circa $40 in fees for the two trades. Still, you'd get a net profit of $350. The art of intra-exchange arbitrage is finding price windows with spreads large enough to cover all the fees and still leave you with a good profit. That's exactly what the OneExBit bot will do. Triangular arbitrage is a great tool in times of volatility, because resulting spreads are larger. Follow our updates and don't miss the launch of the bot! Best regards, ❤️ Onex Team 🔗Official links: 🔹Website: https://oneexbit.com🔹Twitter: https://twitter.com/Oneexbit1🔹Telegram: https://t.me/oneexbit🔹Discord: https://discord.gg/4QtsXck🔹GitHub:https://github.com/oneexbit/oneexbit-release/ 🔹Whitepaper: https://oneexbit.com/whitepaper-onex.pdf🔹Medium: https://medium.com/@smmonex🔹Reddit: https://www.reddit.com/user/smmoneexbit🔹Bitcointalk: https://bitcointalk.org/index.php?topic=5129693 |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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r_victory
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July 18, 2019, 06:10:54 PM |
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In less than a month the coin had a very high devaluation, I thought it would remain at about $ 0.50 at least...
A lot of competition, and practically on the same direction...
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Translations from English to Portuguese at affordable prices. Send me a PM here on the forum or contact me via Telegram: @cryptoheart |
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onex_team (OP)
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July 19, 2019, 02:56:03 AM |
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Dear all, 🌞 🔵Remember that you can get a unique behind-the-scenes look at our development “kitchen” on Trello here: https://trello.com/b/Oi01ISF4/oneexbit-trading-terminalIf you're not registered on Trello, you'll first need to sign up to see the board. The registration process takes less than a minute, and you can use your Google account for instant sign-up. On our Trello board, you'll find all that we're working on – bugs, features, new exchanges to be added, etc. You'll also be the first to learn about our future plans! Best regards, ❤️ Onex Team 🔗Official links: 🔹Website: https://oneexbit.com🔹Twitter: https://twitter.com/Oneexbit1🔹Telegram: https://t.me/oneexbit🔹Discord: https://discord.gg/4QtsXck🔹GitHub:https://github.com/oneexbit/oneexbit-release/ 🔹Whitepaper: https://oneexbit.com/whitepaper-onex.pdf🔹Medium: https://medium.com/@smmonex🔹Reddit: https://www.reddit.com/user/smmoneexbit🔹Bitcointalk: https://bitcointalk.org/index.php?topic=5129693🔹YouTube: https://www.youtube.com/channel/UCXTH2La9LXL26asXsCQiJ9w🔹Wallet Download: https://github.com/oneexbit/onex-core/releases/tag/v2.2.1🔹MNO: https://masternodes.online/currencies/ONEX/🔹MNCN https://mncn.online/coins/ONEX🔹Crypto-Bridge: https://wallet.crypto-bridge.org/market/BRIDGE.ONEX_BRIDGE.BTC |
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onex_team (OP)
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August 01, 2019, 05:12:26 AM |
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🔵 Correction, pullback, retracement, consolidation — are they all the same?Now that the Bitcoin is growing again (well, sort of) we hear the word “correction” a lot. This is one of the first terms that a beginner trader has to learn, together with “uptrend” and “downtrend”. But you might be wondering: are correction and retracement the same thing? Are they bad? And what about consolidation? Welcome to post no. 2 in our trading basics series (see episode 1 here ( https://medium.com/@smmonex/technical-vs-fundamental-analysis-the-basics-e2c7f2ae616a ). Today we’ll look at corrections — a natural element of any uptrend. That’s right: even during the strongest uptrend the price cannot keep going up all the time. Every once in a while, it will fall a little bit — and then start growing again. Let’s see why it happens and how it’s different from a consolidation. 🔵Why a correction is a good thingFirst, let’s clarify one thing: correction, retracement and pullback are three names for the SAME THING. So don’t be alarmed when you see them in articles about trading. Correction is a temporary decrease in price that happens during an uptrend. It’s corrections that help form that characteristic patterns of peaks and troughs. In this image, look at the period between May and June. The price trend is clearly upwards, but after every swing high there is a drop. The important thing to note is that every new peak is higher than the previous one — and every new low is higher than the previous one, too. It’s the essence of correction: swing highs and swing lows keep becoming higher. Corrections happen because some traders decide to take profits. Imagine that you bought BTC at $9000, and now the price is $10500. Some will wait for it to grow further, but some will be happy with the earnings and just sell their BTC back for USD. That short-term swell of sell orders creates a price drop. A correction is a good opportunity to buy — as long as you are sure that the trend will continue. Look at mid-June on the chart: after the highest peak and a trough, the next peak is not as high, and the next trough is lower than the previous one. This means a reversal, not a correction. However, it wasn’t immediately clear. You only know that a correction has happened once it’s confirmed — that is, once the price starts growing again and passes a new, even higher peak. (There are other indicators that a specific drop is a correction, such as it touching a moving average line… but we’ll get to it in our future posts). Here’s the main takeaway: corrections are normal — if price keeps growing without any troughs, then there’s something very suspicious going on, like a bubble leading to a crash. Trend traders buy during corrections, because then the price grows even higher.
🔵Consolidation — not so goodLook at the right part of following chart and note how the price keeps oscillating within a range, seemingly uncertain which way to go. This is consolidation: Consolidation is not a good time for traders, because the price action is random. Successful trading is all about predicting how the price will change, after all. A consolidation usually lasts less than four weeks, but it can drag on for months, too. It’s important to remember that your idea of correction, reversal and consolidation depends on your time frame. If you are in the game for the long term, then a correction that lasts several days won’t bother you. However, for a day trader the same price drop is a reversal of the trend. Many experts believe that Bitcoin has now entered a consolidation stage before a new spur of growth. We’ll soon know if it’s true — remember, in the crypto trading it’s all about predictions! Follow our blog for more articles on trading basics — and of course, try out your new skills in our OneExBit terminal, where you can trade in a demo account without any risk! We are created for your profit
❤️ Onex Team🔗Official links: 🔹Website: https://oneexbit.com🔹Twitter: https://twitter.com/Oneexbit1🔹Telegram: https://t.me/oneexbit🔹Discord: https://discord.gg/4QtsXck🔹GitHub:https://github.com/oneexbit/oneexbit-release/ 🔹Whitepaper: https://oneexbit.com/whitepaper-onex.pdf🔹Medium: https://medium.com/@smmonex🔹Reddit: https://www.reddit.com/user/smmoneexbit🔹Bitcointalk: https://bitcointalk.org/index.php?topic=5129693 |
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onex_team (OP)
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August 05, 2019, 04:18:10 AM
Last edit: August 05, 2019, 04:37:15 AM by onex_team |
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🔵 Support, resistance, and breakouts: the three pillars of technical analysisAlmost every piece of Bitcoin trading news will speculate on the prospects of BTC to break through some support or resistance level. Right now, for example, traders wonder if Bitcoin will soon test the resistance level of $11 000. But what are those levels exactly? In our previous article about corrections ( https://medium.com/@smmonex/support-resistance-and-breakouts-the-three-pillars-of-technical-analysis-1a5ed84b6313), we talked about the shape of a trending chart. On an uptrend, the price will keep reaching higher highs; on a downtrend, it will sink to new, even lower low after each retracement. But it often happens that the price just can't get past a certain mark. If the price repeatedly rises to the same point and then bounces down every time, we say that a support level has formed. Similarly, if during a downtrend the price reaches the same low point several times but always bounces back up, then that point is a support level. The diagram below makes it clear:  🔵 How support and resistance formSupport and resistance are not some magical numbers that repel the price by means of a spell. There is a very simple practical reality behind them. Remember what we said about corrections last time: as the price keeps growing, some investors decide to sell their assets and take profits. Their sell orders create more supply on the market, causing the price to fall temporarily. It works the same way with resistance and support. As the price grows, more and more people decide to sell, constantly creating supply. But there is a point where the price would be so high that nobody else would be willing to buy – and that's resistance. In a downtrend, the situation is reversed: as the price falls, more people want to buy the asset while it's cheap, creating demand. But at a certain point the price is so low that asset holders won't want to sell anymore, no matter what the demand. And that's support. It's believed that the more times the price tests a certain support or resistance level, the harder it becomes to break through. When it finally happens, it's called a “breakout” - though some breakouts are false. A major breakout often means a trend reversal: once the price has smashed though a level, you can't stop it. However, a small breakout might not mean much: after all, support and resistance are areas, not precise points. 🔵 Drawing the trendlineThe levels of support and resistance don't need to be horizontal. Most traders use the so-called trendlines for their S/R analysis. To create a trendline, you need to connect two or more highs or lows of a price chart, like so:  Once you've connected several points into a line, you can continue it to the right to predict future S/R levels. Every time the price makes a new high or low in a trending market, you get a new minor resistance or support. But those that traders are particularly attentive to are major S/R levels – that is, the highs and lows at which the trend reversed in the past. In the diagram above, the green line connects two major support levels. S/R trading is based on entering the market just after the price reaches a support or resistance level. On an uptrend, hitting the support level means that the price will bounce back up, so you should buy; when the trend is down and the price comes up to resistance, traders short-sell. You need lots of practice to master trading support and resistance. That's why we advise that you use the demo mode in the OneExBit trading terminal at first. Soon we'll release a video that will show you how to do it – stay tuned! 🔵 We are created for your profit❤️ Onex Team 🔗 Official links:🔹Website: https://oneexbit.com🔹Twitter: https://twitter.com/Oneexbit1🔹Telegram: https://t.me/oneexbit🔹Discord: https://discord.gg/4QtsXck🔹GitHub: https://github.com/oneexbit/oneexbit-release/🔹Whitepaper: https://oneexbit.com/whitepaper-onex.pdf🔹Medium: https://medium.com/@smmonex🔹Reddit: https://www.reddit.com/user/smmoneexbit🔹Bitcointalk: https://bitcointalk.org/index.php?topic=5129693 |
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onex_team (OP)
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August 09, 2019, 04:51:49 AM |
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📌Dear all
There's been a huge upsurge in the Bitcoin network hashrate in the past few days – up to 100 000 ASIC devices may have joined. The key reason is the start of the raining season in China, which was much delayed this year. Most of Bitcoin mining in China uses hydroelectric power, so when there is no rain, there isn't enough electricity for mining farms. As the hashrate increase, so did the difficulty of the network, to keep the average block time at 10 minutes.
What's your network difficulty forecast? Will it grow much more this year? Share your thoughts!
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onex_team (OP)
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August 12, 2019, 11:45:45 AM |
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📌 Dear all, 🌞 🔵Our users often ask if we plan to add a web trading interfaces. The answer is yes, we are working on it, but there are two good reasons why we released a standalone software app for Mac and Windows first. For one thing, it's faster. Web browsers tend to slow down and freeze, especially when you use a resource-hungry web app like a trading interface. Second, it's safer to have a program running on your computer, because a web interface can be attacked on the side of the provider. Still, as we said, we will release a web version in the near future! 🔵We are created for your profit ❤️ Onex Team 🔹Website: https://oneexbit.com🔹Twitter: https://twitter.com/Oneexbit1🔹Telegram: https://t.me/oneexbit🔹Discord: https://discord.gg/4QtsXck🔹GitHub:https://github.com/oneexbit/oneexbit-release/ 🔹Whitepaper: https://oneexbit.com/whitepaper-onex.pdf🔹Medium: https://medium.com/@smmonex🔹Reddit: https://www.reddit.com/user/smmoneexbit🔹Bitcointalk: https://bitcointalk.org/index.php?topic=5129693 |
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onex_team (OP)
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August 22, 2019, 05:15:52 AM |
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Trends and trendlines: how to draw them and what they tell you
Even once you learn all the indicators – moving averages, MACD, RSI, Fibonacci levels, and so on – the good old trendlines will remain your loyal friends. They can be a powerful tool of technical analysis, as long as you know how to draw them correctly. Read our beginner's guide below! As you probably know, a market is called trending when there is a visible sustained movement of the price other up (uptrend) or down (downtrend) for a while. In our previous article we mentioned that a trend continues as long as the price keeps reaching new highs (or lows). However, for a trader it's important to know not just where the price has been or is but where it's going. After all, you earn a profit when you make a correct prediction! Plotting your lineSo how do you draw a trend line? Normally you just need to choose two major highs or lows on the graphs, connect them with a line, then continue it further to the right. If other highs or low touch the same line, then you can consider it confirmed. The more times the price touches (tests) the line, the stronger the trend is considered to be. Usually you will connect the lows (bottoms) on the graph when working with an uptrend, forming the line of support (see our previous article – link). Conversely, you'll use the highs to draw a downtrend line (that is, the line of resistance). Here are two diagrams to illustrate this: Uptrend: (support line)  Downtrend (resistance line):  Interpreting the lineWhy do we use support for uptrends and resistance for downtrends? Because they help determine points of entry into the market. On an uptrend, you should buy when the price either touches or (better off) just bounces off the support line. On a downtrend, you should short-sell when the price is close to the resistance line or has just bounced off it. To make your trading even more efficient, you should have both support and resistance lines on your chart and redraw them accordingly as soon as you have a new high or low. Most importantly, remember: a trend is not an actual line – it's an area. So if some of your peaks and troughs are just a bit outside the line, it's not a problem. Important! Don't cheat when you draw a trendline. If it doesn't fit the actual market situation, then it's not valid. Also, remember that trendlines are not exact science. You can give the same chart to several traders, and each of them will draw a different line. Some will consider a particularly high peak part of the line and base their resistance on it. Others will think it an extreme accident that shouldn't be included. Sideways movementThe market is not always trending. It can also move sideways, or horizontally (also known as a horizontal trend). Sometimes it's said that the price action is choppy, or that the market is ranging or moving in a channel. They are all the same thing: when there is no clear uptrend or downtrend, the price will keep changing within a certain range. Here's an illustration:  As long as you have your lines of support and resistance in place, you can trade profitably in a sideways market, too. In fact, there are even more opportunities, because there are so many small peaks and troughs. However, you'll have to open and close position much more often, paying exchange fees every time – and of course, the revenue itself will be smaller. Don't expect very high profit per trade when the market is in a channel. As a last point, let's stress that a lot depends on your time frame. For day traders, a trend can last a few hours, then reverse on the same day. For most traders, though, a trend usually lasts days, weeks, or even months. Our OneExBit trading terminal already includes a free tool for drawing trendlines, so you won't have to bother with pencil and paper. Our terminal includes dozens of free charts and indicators – and we'll tell you all about them, one by one. Stay tuned! 🔵 We are created for your profit
❤️ Onex Team🔹Website: https://oneexbit.com🔹Twitter: https://twitter.com/Oneexbit1🔹Telegram: https://t.me/oneexbit🔹Discord: https://discord.gg/4QtsXck🔹GitHub: https://github.com/oneexbit/oneexbit-release/🔹W/P: https://oneexbit.com/whitepaper-onex.pdf🔹Medium: https://medium.com/@smmonex🔹Reddit: https://www.reddit.com/user/smmoneexbit
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