The Only Cryptocurrency Trading Tool you Need?

The Only Cryptocurrency Trading Tool you Need?

Anyone who is remotely interested in trading is in search of the best tools to simplify the process. The more features a tool can pack, the better.

Altrady is one of our latest finds our quest for an all-in-one trading tool. In this case, one with a focus on cryptocurrencies. Whether you are looking to trade across multiple exchanges, monitor your performance, or find ways to improve your trading strategies, Altrady offers a comprehensive solution for all your pain points.

Though the features are plenty, the question as always is how well they stay true to their promises. In this review, we will zoom into the capabilities of Altrady and how a trader can use it to minimize their efforts.

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The story of a beginner trading struggling with their trading ventures is not a new one. However, Altrady founder Benoist Claassen decided to do something about it and created a solution for himself.

Those familiar with the cryptocurrency trading arena might already be aware of its first venture – the Crypto Base Scanner. The application analyzes coin markets and has received encouraging feedback from the trading community. Altrady, in many ways, is an upgrade to this scanning tool. The end product boasts several new features to give a well-rounded experience to users.

As it goes, Altrady was designed by traders themselves to make cryptocurrency trading accessible to everyone. The platform will help you build your trading skills and strategies while adapting to your demands as you climb up the investment ladder.

In effect, Altrady is an intuitive and easy-to-use cryptocurrency trading software tool that can address all the necessities and more. So what exactly does the tool offer? You can sum it up as:

  • Ability to perform trades at anytime
  • Integration with ten cryptocurrency exchanges
  • Real-time access to the informative details of the volatile cryptocurrency market
  • Hassle-free trading by employing bots
  • Develop strategies using the Advanced Crypto Scanning Technology
  • Crucially, you can utilize all this through the platform’s website, as well as its mobile app. The interactive and personalized app ensures that you do not miss any lucrative trading opportunities.

    Here’s a break down of the more notable features offered by Altrady.

    The interface might be where Altrady outshines other trading platforms of this genre. The tool gives you total control over the layout to suit your trading preferences. Each of its features are individual widgets, which you can move around, reorder, and align.

    The result is a tailored and organized dashboard where you can find anything you need exactly where you want it.

    The interface design also allows you to set up multiple orders at the same time using Scaled Ladders. You can adjust the prices and sizes along with the scales to fine-tune your orders.

    To keep track of your successes and failures, you need to keep track of your portfolio. Altrady has a beautiful portfolio dashboard, that helps you to keep track of all your holdings.

    Every successful cryptocurrency trader has a reliable and robust way of analyzing the market, and most importantly, surf through its waves. Altrady comes equipt to do this analysis for you and can even act as your reference book for trading.

    The platform gives you access to coin market charts, along with detailed information on your chosen pairs. This way, you can keep tabs on how a specific cryptocurrency is performing on a particular exchange. The data will reflect the price drops, bounces, bases, and when the value returns back to the base.

    Altrady has also included a News Widget that will keep you informed of recent developments in the cryptocurrency industry, so you always have the right info at your fingertips.

    For every new trade you place, Altrady will open a new position and calculate your profit against the current price. The more you buy, the further your position will hike, and the break-even point will be adjusted accordingly.

    The same applies when you start selling a coin as well. The tool will update your break-even point until you fully recover and have sold the remaining asset.

    These positions are determined using the Break-Even Calculator, which lets you know whether you are still profiting or losing. There is no need for you to manually calculate your trades anymore.

    You can find all relevant data such as the:

  • Market name and the exchange account
  • The date when the position was opened
  • Whether it is a long or short side
  • The amount invested
  • The number of coins
  • The average price
  • Mark and liquidation price for futures
  • Progress bar, and
  • P&L column in USD and quote currency
  • You can also manually handle this by creating a new position, or adjusting the dates, and switching between the positions. As you see, it is an elaborate and comprehensive means of keeping tabs on your trades and wider market movements throughout the day.

    The quick scan widget is to help you identify markets that suddenly witness a price change, either in the form of a rapid drop or rise. You can set up your filter based on the time frame, rise, drop, the specific markets, and exchanges.

    You can save these filters as presets and enable or disable them as needed to receive only the relevant alerts.

    The latest update that was rolled out on Altrady is the Smart Trading feature. This uses innovative cryptocurrency trading technology to place orders automatically – including take profits and trailing stop orders.

    The take-profit strategy allows you to put a standing order above the selling price, so you can sell your assets during a price hike and earn profits. Closing the order will ensure that you are protected if the market turns upside down.

    The trailing-stop order, on the other hand, pursues favourable market conditions. The mechanism automatically changes the closing value whenever there is a favourable change in the market price.

    As you are aware, even with access to full market analysis, it is time-consuming and tiring to adjust and readjust your orders based on current market performance.

    With smart trading, now Altrady will take care of this task for you using pre-configured parameters. Once you place an order, the tool will follow the latest price and adjust your limit orders accordingly.

    You can integrate this feature to all the exchanges on the platform, including Binance US and Binance Futures.

    Moreover, any updates on your trades, how well they are performing, or whether you are profiting will automatically be updated through the app. The Altrady portfolio manager offers you a dynamic view of your assets, so you can easily keep track of your smart trades.

    One of the most useful features of Altrady is the ability to personalize with notes. You can attach journal entries of your thoughts, attach screenshots, or any other data you want to jot down for later reference.

    This is indeed quite handy considering you do have to maintain another log for any trading notes.

    However, the trial should give you a fair idea of what the all-round benefits of the platform are. If and when you want to subscribe, you have three options.

    This plan only gives you access to trading signals on Apex Trader, Crypto PHP, Nefertiti, and Zignaly.

    You will get access to the above signals along with trading, portfolio management, positions, and the mobile app. As an introductory bonus, you can also avail of the smart trading feature for a limited time.

    This covers all features of the Trading package and a few other functionalities such as trading analytics, base scanner, quick scan, and developer API.

    The above packages are also available for a single purchase as three-month, six-month, or annual plans. These will get you an additional discount of 10%, 20%, and 30% respectively. As these plans are billed annually, you get more value for your money with the long term plans.

    Altrady has also introduced a wealth of resources for its trading users. The platform offers comprehensive guides for all its partnered products and provides step-by-step instructions on to set up the software.

    You can also contact the support team directly through email.

    Altrady arguably has an extensive set of functionalities for cryptocurrency traders. These features work well together, addressing every aspect of trading. The software can do most of the legwork, saving you considerable time in researching the markets yourself.

    Trades are carried out by connecting your exchange AP, making it safe and secure. The interface is also easy-to-use, whether you are a beginner or a professional in the trading arena. And we would also like to give bonus points for the customizable layouts.

    All in all, Altrady is an excellent product that should appeal to most cryptocurrency traders. The only downside is that you will have to go for the Advanced package if you want access to all of its features. But, at €30 a month at the most, this does offer good value.

    Visit Altrady

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    Source: polishmedia.eu


    Norway Central Bank Official Says 'No Acute Need' to Introduce a Digital Currency

    Norway Central Bank Official Says ‘No Acute Need’ to Introduce a Digital Currency

    The deputy governor of the Norway’s central bank said there’s no urgent need for the nation to launch a digital krone in a speech at the country’s Finance Payments Conference on Thursday.

    Outlining the Norges Bank’s current assessment of a central bank digital currency (CBDC) for real-time payments, Ida Wolden Bache said Norway is already seeing falling levels of cash use and increasing adoption of payment apps tapping bank deposits that may be factors in deciding on such a launch.

    But cash serves several useful functions to society that user are not necessarily aware of when choosing payments methods, Wolden Bache continued. These include as a back-up should electronic payments not be available, as “widely accessible” legal tender and as a “credit risk-free alternative to bank deposits.”

    As such, the question is not should the Norges Bank introduce a digital currency to work alongside cash, but rather would anything important be lost if it didn’t and cash “died out.”

    “Could CBDC provide more than cash can offer, in the form of a greater range of uses and more innovation?” Wolden Bache asked.

    There are other factors too, with the deputy governor citing the need to be prepared with a CBDC should the payments system move in a different direction than can be predicted currently – what she called the “precautionary principle.”

    The deputy governor said challenges from “different forms of money” like the Libra cryptocurrency project initiated by Facebook should be taken into account. So too must “structural changes” in banks’ payment infrastructure.

    “We must think through the effect these changes may have on competition, contingency solutions and national governance and control of the payment system,” she said.

    Norges Bank has been investigating CBDCs since 2017, yet a potential introduction is still “some way off” according to Wolden Bache. “The lack of urgency reflects our view so far that there is no acute need to introduce a CBDC.”

    That’s largely because CBDCs raise “fundamental questions as to the role of central bank money,” according to the official. “This is much more than a question of technology.”

    A CBDC introduction would bring a “substantial change” in the monetary system and would require a decision from government as well as possible changes to banking law, she said.

    The central bank’s CBDC research is now its third phase, expected to be completed early next year. Wolden Bache detailed that Norges Bank is working on defining the features a CBDC should have and looking at technical solutions.

    “We are also drawing on other central banks’ experience and plans,” Wolden Bache said. “Possible strategies for testing and experimenting with technological solutions are also being assessed.”

    Most central banks now appear to be at least looking into CBDCs, with a few starting to state publicly that a launch is likely in coming years, while China is already closing in on a launch in the near future.

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    Source: crytonow.com

    Author: adminhttps://crytonow.com


    Harley-Davidson’s 25% Climb Is A Signal

    Harley-Davidson’s 25% Climb Is A Signal

    Harley-Davidson logo is seen on the store in Krakow, Poland on December 28, 2019. (Photo by Jakub … [+] Porzycki/NurPhoto via Getty Images)

    Harley-Davidson’s stock (NYSE: HOG) jumped nearly 25% in the last 21 trading days, which significantly exceeded the S&P 500’s performance (up 4.5%). This move should not be ignored. For some, it might be an opportunity to book profits, but we view it as a signal that recovery is underway. This makes Harley-Davidson an attractive investment. Why do we feel so? Two reasons. First, analysis of past stock movement patterns suggest that a 25% move in a month is a low probability event that signals the likelihood of further upside in the coming months. Second, a quick look at multiples indicates that the company’s market valuation has bottomed out, and the stock should move up as the demand recovers.

    Our AI engine analyzes past patterns in stock movements to predict near term behavior for a given level of movement in the recent period, and suggests nearly a 45% probability of Harley-Davidson moving up another 10% over the next 3 months. Compared to this, the chances of the stock dropping -10% are just 8.5% suggesting that it is highly likely that the stock’s momentum will continue. Our detailed dashboard highlights the chances of Harley-Davidson’ stock rising or falling and should help you understand near-term return probabilities for different levels of movements. In addition, while the trends in underlying financials aren’t something to cheer about, a recovery in valuation multiple indicates improving market confidence. Our dashboard 25% In One Month – What Next?”>Big Movers: Harley-Davidson Moved >25% In One Month – What Next? lays this out.

    Harley-Davidson’s stock price increased >25% during the last one month. In comparison, the stock has decreased -26.9% between 2017 and 2019, and has decreased -33.5% between 2017 and now. Do fundamentals support this? It certainly looks so. Harley-Davidson’s revenue has decreased -5.1% from $5,647 Mil in 2017 to $5,362 Mil in 2019. For the last 12 months, this figure stood at $4,508 Mil, implying a decrease of -15.9% over 2019 numbers. In addition, its net margins have declined -14.5% from 9.2% in 2017 to 7.9% in 2019, and dropped to merely 1.72% for the last 12 months. So why should you believe that Harley-Davidson’s stock can sustain its recent momentum? Simply because the valuation appears to have bottomed out.

    Most of the fall in stock price occurred in 2018 and since then, it has more or less sustained its level despite Covid-19 impacting the business. If we look at the trailing-twelve-month P/S (price to sales ratio), it dipped to 0.56 by the end of March. This level was last seen during the 2008 financial crisis, and so far, the recovery in P/S ratio has been somewhat faster. In fact, at the beginning of this year, Harley-Davidson’s trailing 12 month P/S ratio was 1.07. This figure has now increased 6.5% to 1.14. What does this mean? Even if the company sustains the current P/S multiple, the stock is likely to go up as the demand recovers. By mid next year, we expect Harley-Davidson to reach 90% of its pre-Covid revenue run rate.

    Trefis

    Taking both perspectives together, we believe that there is still upside left for Harley-Davidson. Interested in a portfolio of stocks instead? Check out our high quality portfolio to beat the market, with over 100% return since 2016, versus 55% for the S&P 500. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently.

    See all Trefis Price Estimates and Download Trefis Data here

    What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams

    Source: www.forbes.com

    Author: Trefis Team


    Five Reasons Why Bitcoin Price Dropped And Could Correct Further

    Five Reasons Why Bitcoin Price Dropped And Could Correct Further

    Bitcoin price has been rallying for most of 2020, but over the last two months, the cryptocurrency’s momentum kicked into overdrive. Anything that goes up, must at some point come back down to cool off and recharge before it can do it all again.

    After such a memorable push by bulls over recent weeks, the tides could soon be turning. Here are the five key factors that could cause a deeper correction, beyond the conclusion of politics or news that a vaccine is near.

    As supply is absorbed by goliaths like Grayscale and corporations like MicroStrategy and Square, Inc by the thousands, even BTC miners aren’t able to produce enough new coins to keep up with demand. What has resulted, is a parabolic climb in Bitcoin, that has left even die-hard cryptocurrency supporters in disbelief.

    September started with a strong, $2,000 crash to retest $10,000. The bull confirmation held, and from there the crypto asset exploded by another nearly 60% to $15,900 at the current 2020 high.

    But things could soon be turning down after a blue wave, Joe Biden victory, and news that a vaccine is 90% effective. While there is no denying that the news has an impact on the market, various fundamental and technical signals, however, are predicting a deeper correction now that Bitcoin is losing its momentum.

    The parabolic curve breaking could lead to revisiting $11,500 | Source: BTCUSD on TradingView.com

    The parabolic curve that sustained Bitcoin throughout the entire rally, is finally about to crack. Parabola, when broken, often results in an 80% retrace of the previous impulse. This could suggest that the leading cryptocurrency by market cap could drop as much as $4,000 before continuing higher.

    Wiping out 80% of the recent rally would be less than a 40% total correction for Bitcoin, which is common during bull market shakeouts.

    bitcoin bearish RSI divergence

    Bears could be hiding in the shadows, according to the Relative Strength Index | Source: BTCUSD on TradingView.com

    Another sign that one of those signature shakeouts is near, is due to a massive hidden bearish divergence on the RSI stretching back from the 2019 peak.

    The chart above demonstrates how the Relative Strength Index made a lower high, despite price making a higher high. The divergence between the two predicts a fall unless the RSI rises higher to break the divergence.

    bitcoin fibs

    The recent crypto rally stopped in its tracks at the 0.786 Fib retracement level | Source: BTCUSD on TradingView.com

    ” href=”https://www.newsbtc.com/dictionary/bear/” data-wpel-link=”internal”>bear market bottom as the choice area for what could be a short-term reversal.

    The cryptocurrency topped out at the 0.618 level in 2019, while the 0.5 Fib level resides at roughly $11,500 – which could match up with targets related to the broken parabola above.

    spot exchange inflow mean

    ” href=”https://www.newsbtc.com/dictionary/bear/” data-wpel-link=”internal”>bear market bottom as the choice area for what could be a short-term reversal.

    The cryptocurrency topped out at the 0.618 level in 2019, while the 0.5 Fib level resides at roughly $11,500 – which could match up with targets related to the broken parabola above.

    ” href=”https://www.newsbtc.com/dictionary/bear/” data-wpel-link=”internal”>bear market bottom as the choice area for what could be a short-term reversal.

    The cryptocurrency topped out at the 0.618 level in 2019, while the 0.5 Fib level resides at roughly $11,500 – which could match up with targets related to the broken parabola above.

    spot exchange inflow meanBTC is flowing to spot exchanges showing potential profit-taking | Source: CryptoQuant

    CryptoQuant’s Bitcoin “Spot Exchanges Inflow Mean” is a tool providing a visual on how much BTC is moving into exchanges. When this number rises, it signals whales and smart money are sending BTC to exchanges that are likely to be sold, causing prices to tumble.

    This metric has reached the highest level since the Black Thursday crash.

    crypto fear and greed index

    Be fearful, when others are greedy, warned Warren Buffett | Source: Crypto Fear & Greed Index

    As for why whales and smart money could be taking profit, it is actually a matter of when. Some of the best investors to ever live, advocate taking a contrarian stance.

    The crypto market fear and greed index, is at the highest level in all of 2020, at a reading of “extreme greed,” or 90 on the scale. The only time since the scale’s readings began when crypto market greed was higher, was when Bitcoin topped in 2019. Is that’s what is happening again now?

    Featured image from Deposit Photos, Charts from TradingView.com, CryptoQuant, and Alternative.Me

    Source: bitcoinslate.com

    Author: admin


    FSInsight 3Q20 Daily Earnings Update – 11/09/2020 - FSInsight

    FSInsight 3Q20 Daily Earnings Update – 11/09/2020 – FSInsight

    Source: fsinsight.com


    Bitcoin Indicator That Precedes Major Bull Runs Flashes Again

    Bitcoin Indicator That Precedes Major Bull Runs Flashes Again

    Bitcoin has fallen by almost 3.5 percent after establishing its year-to-date high at $15,977 last week. But despite risks of extended downside momentum looming, a fundamental indicator sees the cryptocurrency in a strong buying zone.

    The so-called “All Exchange Inflow Mean,” or MA7, measures the average Bitcoin deposits made across all exchanges on a 7-day timeframe. When the metric tops out, Bitcoin signals a rebound to the upside, at least according to the indicator’s creator CryptoQuant, a data aggregation platform.

    Exhaustion in Bitcoin inflows means that traders are switching their selling sentiment to “HODL.” They keep lesser and lesser cryptocurrency units in their exchanges’ wallets that leads to lesser liquidations. The CryptoQuant chart below illustrates the relationship between the Bitcoin price and MA7.

    Bitcoin Inflow and price correlation. Source: CryptoQuant

    The latest instances show that Bitcoin trends upward on signs of a pullback from the MA7 indicator. Most recently, the cryptocurrency rallied by more than 200 percent after MA7 topped out in March 2020. The results were similar in late 2019 and late 2018.

    “After the price plunge, there have been subsequent exchange inflows by whales for two reasons. 1/ In the bull market: To sell it at the local high. They sell when the retail investors are active on exchanges. 2/ In the bear market: To sell it if the unusual fear-sell happens,” explained Ki-Young Ju, the CEO of CryptoQuant.

    ‘The latest MA7 readings show that Bitcoin is still in a strong buy zone,’ he added.

    Analysts away from on-chain fundamentals predicted a similar bullish outcome for Bitcoin but based on technical indicators. A pseudonymous daytrader noted the cryptocurrency rising upward inside a range that appeared like an Ascending Triangle.

    Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

    Bitcoin trade setup, as illustrated by PostXBT. Source: BTCUSD on TradingView.com

    In retrospect, an Ascending Triangle in an uptrend is a bullish continuation pattern. The price rises while staying above the upward slope of the Triangle. Meanwhile, it tests the Triangle base as resistance for a potential breakout move to the upside. If it happens, the price rises by as much as the maximum length of the Triangle.

    “The level I marked out for a retest is getting chopped up to hell,” the analyst said. “Dismissing it and focusing on [the] resistance at the highs. Ascending triangle forming, which is typically bullish. Redline marks where a break in market structure would appear. Bullish whilst we’re above.”

    A majority of downside risks Bitcoin face now lies outside the technical purview.

    One of the major macro catalysts that could drive the cryptocurrency lower is a no-stimulus scenario. Expectations of the Republicans holding a majority in the US Senate could delay President-elect Joe Biden’s plans to introduce a massive coronavirus relief package.

    At the same time, Pfizer’s successful coronavirus vaccine trial expects to decrease investors’ appetite for safe-haven assets. That also poses risks for Bitcoin as it trades near its three-year high – an attractive selling area.

    Meanwhile, trader Koroush AK reminded:

    “A 50% retracement is healthy during an uptrend. In fact, we would need to go below $14,000 for my bias to shift. So long as the trend stays intact, I will be favoring longs and aggressively longing dips.”

    Source: crytonow.com

    Author: adminhttps://crytonow.com


    The Only Cryptocurrency Trading Tool you Need?


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