This April, cryptocurrency exchange Hotbit got hacked. Consequently, the platform has shut down, stating that it needs to perform a “comprehensive inspection”. Everyone who had stored their digital assets on Hotbit could not access the funds or even close their trading positions. In a blink of an eye, thousands of people became potential victims of yet another crypto exchange hack. There have been many such incidents in the past, with losses exceeding billions of dollars if calculated at the current Bitcoin exchange rate.

What happened to Hotbit?

On April 30, the cryptocurrency exchange Hotbit announced a cyber-attack that began on April 29 at 20:00…


According to Juniper Research, the number of Internet of Things devices is expected to exceed the 50 billion mark by 2022 and all of these devices will require fast and secure methods of communication. The project we are about to discuss focuses on solving this very problem — the creators of IoTeX are planning to handle this with a privacy focused blockchain. The ecosystem should provide flexibility and scalability by using a fast Proof-of-Stake based consensus mechanism, combined with the sidechains.

What is IoTex?

IoTeX (IOTX) is a scalable “blockchain-in-blockchain” acting as a base for the Internet of Things (IoT) operation. In this…


For successful trading and lucrative profits, you need to set the DCA bot’s parameters and conditions for it to follow the desired strategies. Thanks to the new “Preset” function, there is no need to set up bots and manually analyze the market anymore.

In today’s article, we will talk about these presets which allow you to implement the strategies used by other traders’ bots and describe the steps you should take to start using tuned bots right away.

Presets

Presets are parameters for DCA bots configured by other traders. …


These days, anyone with Internet access and some funds in their account can use trading tools, terminals and exchanges. Rapid growth of the cryptocurrency market has led to many novice traders to join trading platforms in pursuit of quick and easy profits. As it often happens, for a number of different reasons, many of them lose their funds in the process of trading.

In today’s article, we will review the reasons behind the loss of funds by novice crypto traders, as well as discuss the measures new players in the market should take in order to save their money.

Peculiarities of the crypto market

The…


The media regularly discusses news about how some hedge funds earn massive returns by trading stocks or cryptocurrencies while stories about traders with small deposits are not so popular; and in our opinion, they shouldn’t be.

Today we will tell you how 4,056 traders united under the 3Commas banner took 5th place in the Binance Futures trading contest, beating 99% of other teams, including professional traders.

Foreword

3Commas has an extensive set of tools that enable users to execute the most profitable trading strategies possible. …


Cryptocurrency trading is often associated with high volatility or rapid and significant price changes. This means that there is a lot of “noise” in the market, resulting in random price spikes that only give false signals to open trading positions. For this reason, traders use moving averages; a universal indicator which helps identify the moving trend and point out an entry into a trading position.

What is a Moving Average?

Moving Average (MA) is a technical indicator that provides the average price of an asset over a set period of time. MA is one of the most frequently used indicators in trading due to its…


Flags, Pennants, Triangles

The basis of successful trading is understanding fundamental market patterns. Patterns such as flags, pennants and triangles are used to determine or confirm the continuation of the price movement.

In our previous articles [1] [2], we’ve looked into the trend reversal patterns. Now,we’d like to talk about how trend continuation patterns are formed, identify their key features, and consider trading strategies or convenient entry points for profitable trading with this technique.

Flags and pennants

Both flags and pennants possess similar features and signal the continuation of a trend.

Formation

The flag pattern can be formed both during an upward or downward…


The cryptocurrency industry is going through another phase of rapid development amid the current bull run. Derivative trading instruments for digital assets are becoming increasingly popular among the investors. One of the instruments referred to as Options — are contracts that are not yet so widespread among crypto enthusiasts. Thanks to the simplicity and convenience of the Option Bot by 3Commas, the entry threshold into Options trading has become much lower! Today we are going to break down the main elements of the bot’s interface and introduce the most common and profitable strategies.

What is an Option?

An Option is a derivative financial instrument…


The RSI indicator was developed over four decades ago by the stock trader Welles Wilder. In 1978, he first published the results of his work in Commodities magazine. Since then, the RSI indicator has become very popular among traders and investors around the world. The reason behind the indicator’s success lies in its ability to accurately determine the strength and reversal potential of the price trends. Today we will review the principles of this indicator and its practical application.

What is RSI?

The Relative Strength Index (RSI) is a technical analysis indicator that determines the strength of a trend and its reversal probability…


Double Top, Head & Shoulders, Rising Wedge

In our previous article we’ve described the downtrend reversal patterns and considered the best entry points, trading strategies and Stop Loss placement techniques.

Now we will analyze such trend reversal patterns referred to as Head & Shoulders, Double Top and Rising Wedge, signaling the uptrend reversal.

Head and Shoulders

The Head and Shoulders figure is a strong trend reversal signal. This pattern is formed during a clear uptrend and consists of three parts: the left shoulder, the head and the right shoulder.

The formation

The head is the top part of the figure, and the shoulders, located on…

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Trading blog. Tools, bots, strategies.

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