Crypto
Bitget Marks Its 5th Anniversary with Comprehensive Guide on Signals in Cryptocurrency Trading
SINGAPORE, July 19, 2023 /PRNewswire/ — In the vibrant and ever-evolving world of cryptocurrency, Bitget has consistently represented a gold standard of excellence and forward-thinking innovation. Established in 2018, Bitget has rapidly become a premier global cryptocurrency exchange, noted for its futures trading and copy trading services.
As it celebrates its 5th anniversary, Bitget upholds its commitment to 8 million users across over 100 countries by offering secure, efficient trading solutions. In honor of its milestone, Bitget is introducing a comprehensive guide to candlestick signals in cryptocurrency trading. This guide is a fundamental basis for learning essential candlestick signals in the crypto market.
Understanding Candlestick Charts
Candlestick charts are financial charts that illustrate the price movement of assets, including cryptocurrencies. Each candlestick represents a specific time frame (e.g., a day or an hour) and displays the opening, closing, high, and low prices for that period. Traders widely employ candlestick charts to analyze the market and inform their trading strategies.
To deepen your understanding of candlestick charts, explore how to read candlestick charts, available in three volumes: Volume 1 | Volume 2 | Volume 3
Key Candlestick Signals in the Crypto Market
Among the many patterns you’ll encounter in candlestick charts, some of the most influential include:
Hammer and Hanging Man Patterns: These candlestick patterns suggest potential trend reversals. A hammer pattern forms when an asset’s price experiences a significant decline during the day but recovers to close near the opening price. Conversely, a hanging man pattern occurs when the price rises substantially during the day but closes near the opening price. Both patterns indicate the emergence of buyers who may drive the price higher.
Bullish and Bearish Engulfing Patterns: These patterns emerge when a small candlestick is followed by a larger one that engulfs it completely. A bullish engulfing pattern occurs when a small red candlestick is succeeded by a larger green one, signifying buyer dominance. Conversely, a bearish engulfing pattern materializes when a small green candlestick is trailed by a larger red one, indicating seller control.
Doji Patterns: The doji pattern emerges when the opening and closing prices are very close to each other. This pattern suggests market indecision and may indicate an impending trend reversal.
Morning Star and Evening Star Patterns: These three-candlestick patterns indicate potential trend reversals. A morning star pattern manifests when a long red candlestick is followed by a small green one, highlighting indecision, and is then succeeded by a long green candlestick, signaling buyer supremacy. Conversely, an evening star pattern unfolds with a long green candlestick followed by a small red one and then a long red candlestick, suggesting seller dominance.
What if I’m new to the Crypto industry?
“If I’m a newcomer to the crypto industry, what approach should I consider? I’m looking to avoid the volatility of the market and instead want to generate a steady and consistent income.”
You might want to consider Bitget Earn, a comprehensive asset management platform under Bitget. These products have been designed to yield high returns while maintaining a level of security, catering to a diverse array of investment needs. As a user, you can select the products that best match your personal investment strategy.
Bitget Earn boasts a suite of diverse financial products, including Flexible Savings, Shark Fin, Dual Investment and Smart Trend, etc. Continuously innovating, Bitget plans to launch even more financial products in the future, aiming to satisfy the various preferences, investment goals, and risk tolerances of its user base.
If you are a newcomer at the market news level, you can always check the bitget crypto calendar to see more latest information about the Crypto industry, so that you can grasp the latest and most authoritative first-hand developments,
Simply create an account, and start exploring the incredible Bitget-Verse today!
Bitget Crypto Academy: Your Ultimate Crypto Learning Hub
For those passionate about expanding their knowledge of cryptocurrency trading and investing, Bitget Academy serves as a vital learning resource. With courses ranging from technical analysis to risk management, Bitget Academy equips learners with the necessary skills and knowledge to navigate the crypto market successfully.
Bitget Academy provides valuable educational resources for traders seeking to enhance their trading knowledge. By understanding these key signals and leveraging the insights offered by Bitget Academy, you can increase your chances of success in the dynamic and volatile world of cryptocurrency trading.
Begin your crypto journey by visiting Bitget Academy’s website today!
For more Crypto industry signals, Bitget Crypto news has the latest information on blockchain.
Latest Crypto price:
Crypto Price Chart (as of July 17, 2023) :
Cryptocurrency | Price (USD) |
| Btc Price | $30,298.29|
| Eth Price | $1,934.81|
| Dogecoin Price | $0.06491|
| Shiba Inu Price | $ 0.0000078|
| XRP Price | $0.7495|
| BNB Price | $253.65 |
| Litecoin Price | $93.47|
| Solana Price | $27.56 |
| TRON Price | $0.08013|
Click on Crypto Price to see real-time prices of more than 10,000 cryptocurrencies
Please note that the prices mentioned above are as of July 17, 2023, and maybe subject to fluctuations.
SOURCE Bitget exchange
With its expertise in security token offerings (STO) and real-world asset (RWA) tokenisation, HKVAX aims to offer over-the-counter trading, exchange and custody services, the company said in a statement published on Friday.
The licence “demonstrates Hong Kong’s resolve to lead in the virtual-asset industry”, while HKVAX aims to establish the city as “the STO and RWA centre for Asia and beyond”, co-founder and chief executive Anthony Ng said in the statement.
The company’s trading platform and onboarding system are still “undergoing final preparations”, the company said in a notice on its website.
Crypto
From $37B to $24.5B: DAO Treasuries Experience Significant Downturn – Blockchain Bitcoin News
- Local exchanges like Bitso and Lemon report significant increases in digital currency deposits since the amnesty’s announcement.
- Carlos Peralta of Bitso noted a surge in inquiries, suggesting higher future participation before the deadline extension.
In Argentina, the cryptocurrency amnesty program, initiated in July, has surprisingly exceeded expectations according to local exchanges. This initiative allows Argentinians to declare their cryptocurrency holdings to the government without fear of repercussions.
The deadline for this declaration has been extended to October 31
The Argentine government has extended the deadline for asset regularization through Decree No. 864/2024, published on September 30, 2024. This extension modifies the dates of the regime established by Law No. 27.743 on Palliative and Relevant Fiscal Measures, allowing fiscal residents in Argentina and non-residents who were previously fiscal residents to voluntarily declare assets both domestically and abroad until October 31, 2024, for the first stage. The subsequent stages have been extended to January 31, 2025, and April 30, 2025, respectively.
Furthermore, the decree specifies that funds regularized up to September 30, 2024, can be withdrawn starting October 1, 2024, without retention, provided that no new regularizations are made after that date. Funds not exceeding USD 100,000 will be exempt from retention starting November 1, 2024, and those exceeding that amount must be kept in special accounts or allocated to authorized investments until December 31, 2025, to avoid a 5% retention.
Fiscal transparency and the integration of undeclared assets into the formal economy
Representatives from cryptocurrency exchanges such as Bitso and Lemon have reported a significant uptake in participation since the program’s announcement. They observed a record increase in digital currency deposits, suggesting a strong willingness among Argentinians to comply with the new regulations.
Carlos Peralta, the leader of Public Affairs at Bitso Argentina, noted a spike in inquiries even before the extension was announced, indicating a high level of interest.
“Perhaps now with more time, they decide to enter” Peralta commented, hinting at the potential for even greater participation in the coming weeks.
Similarly, Juan Pablo Fridenberg, Director of Public Affairs at Lemon, highlighted that September saw the highest volume of cryptocurrency deposits in the platform’s history.
“Although we do not know how many users have effectively joined, as this information is only available to the Federal Administration of Public Revenue (AFIP), we can affirm that the volume exceeded July’s by 23%,” said Fridenberg.
As we usually report on Crypto News Flash, this initiative by the Argentine government aims to bring transparency to the cryptocurrency market, which has traditionally operated with minimal oversight. By encouraging citizens to declare their digital assets, the government hopes to integrate these into the formal crypto economic system, reducing the risks associated with unregulated markets.
The positive response from the public and the extension of the deadline reflect the growth, as we have been reporting on Crypto News Flash, this may accept and normalize cryptocurrencies in Argentina. This move is part of a broader effort to stabilize the financial system and restore trust among investors and the public in the potential of digital currencies as legitimate financial assets.
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