XAUUSD Long - Daily MACD Hinted For a Bullish Divergence Breakout
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Precious Metals/Commodities/CFDs Trading education/entertainment purposes only. Precious Metals/Commodities/CFDs Trading are very risky. Losses can exceed deposits. Enter with discretion.**
Gold had turned bearish from a validated a death cross pattern last February 16, 2021 paving way for sellers to take full control. Since then the yellow metal traded into descending channels hitting recent local bottom found at the $1676 level.
March 9 intraday finally marked the end of bear’s control as XAUUSD perfectly created double bottom candles. Trade volumes shifted into the buyers’ control as the said intraday printed a solid, green and bullish candle since the death cross date.
As we can see over the Gold’s daily chart, the following 6 candles including today formed a bullish ascending pattern strongly supporting the shift of the daily MACD into a bullish divergence last March 12, 2021. We will expect more upside potential towards the shiny metal’s price through the long and bullish wick from the same day on March 12 suggesting a strong buy pressure.
Yesterday’s candle close formed a Long-Legged Doji with very long upper and lower shadows indicating strong forces balanced in opposition. I will be bullish bias for the Gold moving forward where the double top candles formed last March 2-3 period are currently acting as key resistance for the bulls to break. This key resistance level found at $1740 level has been re-tested twice since the mentioned double top candles were formed.
Once the bulls manage to push the price higher, my trading plan is to buy the confirmation at $1750 and take profit targeting near the 200 day SMA approximately $1850 where I speculate as a massive area of supply. I set my stop loss in the median level between the Fibonacci retracement numbers 0.236 and 0 in reference for the January 21 high and March 8 low. This trading plan has a risk:reward ratio of 2 which I find decent enough.
As last part of my technical outlook for today, I also speculate that the Gold price will keep up with the stronger US dollar. Investors and traders alike will likely to see some action towards the yellow metal as they keep a close eye on upcoming FED decision. For now, XAUUSD will keep enjoying its 2-week high with confidence.
BTCUSD Long – Bullish Start of the Week Fueled A 4-Hour Channel Break-out Towards $55K
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.**
Ask any Bitcoin maxis or die-hard fans, who can forget the epic day on February 8, 2021. This is the rocket ship entry made by Elon Musk and his company Tesla by purchasing a staggering $1.50 Billion worth of Bitcoins!
What happened next? It drove domino effect on the king coin price action where BTCUSD price ascended in a bullish channel for 13 straight days, that’s a 2-week streak, reaching a new all-time high of $58K+! Just a $2K shy in reaching the psychological top of a $60K priced Bitcoin. Then the following day resulted the bubble effect, double top candles formed on February 21-22, 2021 signaling the price correction. The danger of Bitcoin falling is that alts will go down with it as well. No exceptions. That is the result of the king coin’s 60% dominance in the crypto markets.
Since February 22,Bitcoin traded in a bearish descending channel before it finally reached its recent local bottom found at $43K. The sell-off resulted at least a total of 74% price correction from its recent ATH.
But the Bitcoin managed to start the month of March strong, immediately printed a bullish and green candle showing lots of strong buying pressure. I always believe this price action triggered a massive buybacks from big investors and retail traders alike.
I have been monitoring Bitcoin’s price very closely since its recent fall for some time now. Currently at the time of writing this article, BTCUSD’s 4-hour charts are very strong. This week’s price action did managed some small pullbacks after the weekly high of $50K+ and I speculated at least a 50% price spike down at least towards its Fibonacci retracement # 0.236 in reference from the ATH price and recent low.
So I don’t want to miss Bitcoin’s move today or even this week. Back to the 4-hour charts, it sent a strong buy signal after more than 24 hours period of consolidation from the weekly high. Bitcoin’s Fibonacci # 0.382 offers strong support at $47-48K range. It also touched the 4-hour Ichimoku Cloud twice confirming the bullish run.
My point of entry is to wait the $50K re-testing first, once it confirms to offer support. Then that would be the buy entry. I will set a short-term profit taking on the $55K found in the Fibonacci # 0.786. Stop loss will back at the Fibonacci # 0.236 $46K level. This trade gives me a total of 1.250 Risk/Reward ratio.
Not much of a trade though as you know crypto markets is subject to extreme price volatilities. Crazy stuff indeed if you ask me! So I’m just looking for a quick and short-term opportunity with lower risk for this trade plan.
XRPUSDT Long – 4-Hour Contingent Inverse H&S Pattern
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.**
XRPUSD literally had a roller coaster ride in the month of February. It went as high as $0.75 then immediately corrected the hard way to the bottom of $0.34. It seemed WSB group had taken interest on the cross border token after it pumped the likes of GameStop stock to show the big players in Wall Street the power of united retailers last February 1. Other theories I have in mind is that the XRP received the money that flowed in Dogecoin after boss Elon Musk viral tweet sent immediate wild response from followers hence we saw a massive 1000% gain in just a short period of time. That’s a WOW for me!
So based on how I feel and see it, XRP became the tool of on-demand-liquidity seeing the price spikes in just short period of time. After that XRP price struggled and kept on falling back and forth. Somehow the crypto find solace after Ripple registered as a Wyoming business, a crypto-friendly region, XRP had a surprise surge afterwards just before its pre-trial conference against SEC happened. All occurred in the same day on February 22. Is it pure coincidence or orchestrated? The price already went up just before the pre-trial’s outcome. This is where the famous trading phrases, 'Buy the Rumor, Sell the News' strategy can be seen.
Going back to the technicals, after I have confirmed that the Bitcoin is finally in consolidation period which is good for the alt coins or alts including XRP, XRPUSD price rallied and kept up with the king coin.
Before I continue, take note that the prices and indicators I have used are based on the time of writing this analysis to avoid confusion.
XRP’s 4-hour chart looks very strong to me, my trading plan is for a long position. It seems forming an inverse Head and Shoulders pattern which is bullish. XRP managed to re-claim the Fibonacci retracement # 0.236 where the multi-year supports 0.42-0.43 are found. The rounding bottom is found here forming and currently building huge bids creating a strong support as time goes by. The head area is also found on this retracement number as the base.
XRP’s 4-hour MACD is poised for a bullish breakout while the Awesome Oscillator finally printed in positive territory. In order to complete the inverse H&S pattern, it must first break the wall found near the 4-hour 50 and 200 SMA death cross. This resistance is 0.47 at least. Once the bulls break this, the rally continues upward towards Fibonacci retracement # 0.382 (0.49-0.50) as the neckline and the shoulders will be complete going forward. The Ichimoku lower cloud is found above this neckline and will further enhance the uptrend towards the multi-year resistance (0.75-0.50).
Any entry above the retracement 0.236 can be picked. In my case, I set the bid at 0.45 supporting the bullish move. I set my stop loss on February’s rock bottom found at 0.34 mark. I take profit at the re-test on XRP’s multi-year resistance found at 0.75 which is only touched 3 times in 3 years so far. This trade plan will approximately give me a Risk/Return ratio of 2.727.
Can Crypto Really Change Anyone's Lives For Real?
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.**
*Image courtesy of* *incimages.com* *and* *cryptomaniaks.com* https://www.incimages.com/ https://cryptomaniaks.com/
People are always a wanting animal. I'm not talking that I side with Darwin's theory of evolution nor against any religious dogma. I am using the "animal" word as a metaphor that most people are living miserable lives chasing something that is not always there or just there already but hard to catch!
Then enter the Cryptocurrencies to the lives of the people. When it seems life is already complicated making it worst.
Why do we love Crypto? Because of Money? Innovation? Or both? Or just for fun or hobby out of curiosity?
It's a matter of perspective. Are you for long term or short term? Of course it's because of money that's why we are all here. One of the reasons that I like about Crypto is I can do daytrading is for a living even with a small capital with goals at least to pay bills every month. Becoming rich through it is a bonus! A big time bonus indeed.
Until now I still consider myself more on being an XRP believer as the future of the new digital finance age. It was never changed from the moment I let crypto into my life. Regardless, of its price or any other crypto out there like the king coin Bitcoin, I really don't care if their prices go up or down. It's just that this crypto had in fact affected people's lives especially that we are still living in a pandemic-plagued world.
As we go on, speaking and writing English is not my native tongue. I try my best to deliver! I may oftentimes be shaky and scramble the words I used but bear with me! I'm not a certified analyst though! I just had so far a 1 year+ experience and definitely I'm no whale! I'm just like the rest of average Joes out there. I thing I know, I just want to share my experience out from endless DYORs, demo trades, blown accounts, and countless hours of watching charts.
I forgot to mention earlier that Crypto is a double-edged sword. Can lead to Financial Freedom, yes, can be used for crimes like money laundering, illegal activities like Silk Road 2008, more yes! That is why Government and higher authorities always keep a close radar on cryptocurrencies especially on Bitcoin. The innovation it brought can be used both for good and bad alike.
My other goal in writing this article is also to aware people of the change coming that has already been in since 2008. Crypto is a change, an innovation. A revolution since Nakamoto's time. Reality bites.
But for some prominent people, take this as an example like boss Peter Schiff that Bitcoin is but a bubble and has no real value backed by anything down to boss Elon's referring the king coin as almost BS as fiat, still it thrives and here to stay. In fact more and more new players keep on entering in the crypto space! How did I come up to this? Simply just look at the overall crypto market cap which at the moment of writing this article stands at staggering 1.40 Trillion dollars even the said market is in dips! Numbers won't ever lie! It will grow and grow like a malignant cancer.
So without further ado, I will try to summarize some of the ways I have known so far on how can crypto really change anyone's lives for real:
**Trading Crypto - Quick Bucks But A Must Win**
First of all price is dictated by a lot of factors: Whale Manipulation, Celebrity endorsements like boss Elon, PUMP and DUMP schemes, FOMO and FUD, Fundamentals like news bad and good, but for me its still 80-90% under Technicals' whim.
Only the bravest of hearts dare to trade crypto knowing its crazy volatility! This is definitely not a financial advice! Read my disclaimer above at all cost! But if we able to make the right timing out of this price fluctuations, then we can be rewarded greatly. Otherwise, suffered heavy losses! Most of the times small wins and a lot of big losses!
If we know how to read chart we never lose the battle of trading said by me of course. Buying/Selling blindly out of emotions is as dangerous as walking the killer cliffs in the dark of the night.
For some people trading crypto is just like winning lottery out of luck! What else?
But seasoned traders have edge against starters like better decision making. Under normal circumstance technicals can be precise and accurate.
I want to remind that trading's aint fun! It is a serious thing. Treat trading carefully as a business. Consider costs before yielding profits but has risks on the process. No joke at all. Can experience trauma and depression for blown accounts if in loss. Can cause family troubles/issues, etc.
SO BE EXTREMELY BE CAUTIOUS!
The key of doing technicals is consistency! It doesn't matter whether you're wrong or right. Just a matter of not giving up. No one is perfect. Keep doing it.
In trading there always be winners and losers. Period. Reality.
**Holding Crypto For Longer Time - Safer and Less Stressful Way**
Investing crypto is a lot much better than trading. Bitcoin dominance is important key factor for both trading and holding. Remember both are risky in any way!
Trading is the same as holding but offers more risk because of price volatility so safely speaking, it's the best alternative.
You must have strong will power to withstand price going down just after you've made purchase then watching it fall even further! That's nuts! It's a matter of proper mindset that you are more for long term. Imagine if you bought under a dollar Bitcoins during its pre-era. You're rich baby like boss Bill Gates! That is what I'm talking about! It takes time and patience before you know it.
**Participating Airdrops, DeFi Programs/Apps, Staking and ICO**
These methods may offer other ways to get free cryptos equivalent in money over time. I don't have to ponder them one by one and deeply. I know they are already self-explainable and I don't want to make this article longer anymore.
And that's it! Just always remember that one's gain is another's lose. So don't be greedy. Be humble if you're winning and respect those comrades who have fallen.
Trading Cup 2020 Grand Final – An Exciting ESPORTS of Live Trading Tournament
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Trading education/entertainment purposes only. Trading is very risky. Losses can exceed deposits. Enter with discretion.**
Image courtesy of tradingcup.com https://www.tradingcup.com/en
5 months ago, I wrote a feature article about how exciting a live Trading tournament can be!
In case you have missed it, here’s the article link below:
https://read.cash/@rafaelken1989/the-esports-of-trading-2cf41026
Today, I want to share this amazing live trading tournament as it comes close to a conclusion. Last year’s Stages 1-6 Champions will battle it out for $US90,000 in total prizes. Surely the Champions for each stage are skilled, experienced and smart. It will be a feat to watch these skilled traders battle each other to claim the Trading Cup 2020 Grand Final Champion title.
For more information of each Champion’s profile, visit link below:
https://www.tradingcup.com/en/news/trading-cup-champions-details
Their most traded instruments and strategies are discussed here.
Supposedly, the Grand Final event were to take place last December 2020 but due to the COVID-19 pandemic still on-going, it is rescheduled to happen tonight at 8PM Sydney Time February 5, 2021 via Virtual Live Streaming.
Visit for more event details:
https://www.tradingcup.com/en/news/trading-cup-grand-final-2020
Traders all over the world new, intermediate or experts alike are invited to come join and enjoy this amazing event. Whether you are trading the Forex, Stocks or Cryptocurrencies, I’m sure this will be a great event to watch out for to see the participants' trading skills and strategies that we can learn from.
Who will be the deserving Trading Cup Grand Final victor? We'll soon find out.
Make or Break Moment for Ripple and XRP on an Upcoming SEC Lawsuit Preliminary Trial
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.**
*Image courtesy of* *cryptonary.com* https://www.cryptonary.com/
To be honest, December 2020 was a disastrous month for the XRP. Its price alone for the said month went on a free fall after the awaited Spark token airdrop snapshot took place. Adding more damage for the cross-border token, former US SEC Chair Jay Clayton tweet out claiming a lawsuit filed against Ripple company alleging its executives of selling unregistered securities called XRP. What more can we ask for? We have seen a massive pump on XRP that soared its price as high as $0.75 lately even before the Telegram’s coordinated 200K members occurred. The latter pump failed as exchanges claimed servers went down on the moment of pump making it looked like a clown show. The price of XRP of course immediately hammered to as low as $0.34. At the time of writing this article, XRP’s price managed to recover and exchanging hands between 0.37-0.38 range.
Let’s forget the technicals or news for a moment. I want to discuss a serious topic about what is about to happen for XRP going forward.
Forex or the FX market is the largest financial market in the world with daily average volume of at least $6 Trillion dollars. Out of this humongous volume, there are 8 major fiat currencies that are traded all over the world namely: US Dollar as the base reserve currency, Euor, GBP or British Pound, Australian Dollar, Swiss Franc or CHF, Japan’s Yen, New Zealand Dollar NZD and Canadian Dollar CAD. Of course lots of exotic currencies as well and hundreds of cross trading pairs.
Now, with the cryptocurrency or crypto market which is still developing and young has barely over $1 Trillion dollar market cap, we can consider the top 3 major coins as follow: Bitcoin, Ethereum and Ripple or XRP. These three are just like Gold, Silver and Bronze.
If US SEC overrules lawsuit citing XRP as an unregistered security, then it will be a huge blow to the entire crypto system! Why? If a lot of exchanges delist XRP especially in the US and some other participating international exchanges like Bitstamp that will definitely give a domino effect,it will heavily affect XRP's ODL as a lot of corridors will stop supporting. That will be a GAME OVER for Ripple and XRP just like GameStop’s win against Wall Street.
Most of people still don't get the many utilities of XRP has to offer, undervalued or hated as it may seem, but one of samples I can give is, suppose I've got 1000 Bitcoins in my Binance wallet, and I want to transfer it as quickly as possible to another exchange or wallet. What do we think I will do? Simple, I will sell all these 1000 Bitcoins in exhange for XRP. This process will not only boost XRP's price as 1000 Bitcoins is not a joke folks, that is a whale action right?
There will be a sudden upsurge of XRP's price, and I can even transfer these XRPs to the destination wallet in seconds. Carrying the 1000 Bitcoins value, that is XRP’s purpose, to be the internet of value. Carrying value and moving it across all corners wherever in the world.
After that, I will buyback my 1000 Bitcoins cheaper than earlier also reducing XRP price on the process but after all I save a lot of money in fees and time of transacting this transfer.
There are many use case of XRP to mention. I cannot cite them all here and that would take a lot of other articles to complete. I just want to pinpoint here the power of XRP's utility in the form of Arbitrage Trading.
To know more about what is Arbitrage Trading, feel free to visit the article below for more information:
https://www.investopedia.com/terms/a/arbitrage.asp#:~:text=Arbitrage%20is%20a%20type%20of,being%20offered%20on%20different%20exchanges.
As a conclusion, SEC VS Ripple is a very serious case. And I want to be bias here, I want Ripple to win so that XRP gets the clarity it deserves for the best after many years of waiting.
If XRP gets clarity then the rest of the cryptocurrencies out there win.
XAGUSD Short – Hourly Bullish Triangle Formed But I’m Bearish Bias Short Term
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Commodities/CFDs Trading education/entertainment purposes only. Commodities/CFDs Trading are very risky. Losses can exceed deposits. Enter with discretion.**
I always consider Silver as the more undervalued asset when compared with Gold. Of course it does, both are God’s money since the ancient times. These two always sit next to each other as Gold always the first and Silver in second just like the Olympic medals awarded to the winners.
We all know that 2020 was a year to remember in the financial markets across the globe where Silver also had reached bottom on March 2020 against the USD for as low as $11.64 per ounce.
Fundamentally, rumors has it that the very people or could be a large group of financial institution who made recent crazy pumps on the GameStop (NYSE: GME) stock and meme cryptocurrency DOGEcoin backed by famous Elon Musk’s tweets on social media. These Reddit WallStreet Bet group seems to target Silver pump as well! Who knows, we’ll keep an eye for that.
PS: Robinhood already blocked the DOGEcoin and I heard that the GME tradings were halted as well. Such crazy things happening this week alone! :-)
Going to the technicals, since then, XAGUSD made its comeback all the way up with an astounding bullish run started from April till August 2020 before it corrected on September 2020. Literally, it had a 5 month bullish streak upon looking on the monthly chart. Double monthly tops occurred from April and September after an overbought RSI and MACD suggested for a price correction.
Price then went into a 3 month consolidation period from September to November 2020. By December 2020, Silver broke out again to as high as $27.40.
I had to look out for the hourly chart, this time we can see a series of higher highs and lows forming a bullish triangle formation. Both the hourly 100 and 200 MAs offer strong supports. The price of XAGUSD is still trading inside the upper Bollinger Bands level validating a further uptrend. If it manages to break outside this bullish triangle, price can target near term resistance of $27 but I am bearish bias short term. I am also speculating massive sell orders above this waiting for the buyers. There will be a re-test on the $27 as resistance to be more precise in case this scenario occurs.
My trading plan is a short position for the Silver against the US dollar. The said $27 re-test resistance level will be my entry. Stop loss set on the nearest ATR range on $28 level. I will take profit found on the hourly 100 and 200 MAs acting as heavy supports, precisely at $25.50.
This trading plan will give me a Risk:Reward ratio of approximately 1.5. A quick trade if I were to say.
Thanks a lot for reading my analysis on the Silver and I wish you a great trading day ahead!
XAUUSD Long – In a Breakout Position after 200-Day Moving Average Holds
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Commodities/CFDs Trading education/entertainment purposes only. Commodities/CFDs Trading are very risky. Losses can exceed deposits. Enter with discretion.**
We have seen a rather mediocre or lackluster Gold price action performance in the year 2020 where a lot of speculations that a beyond $2,000 mark can be achieved. Perhaps it did but short-lived as the yellow metal’s price rose and fell then went sideways. At least Gold showed its value especially last year’s epic bull-run started from April and lasted till August of 2020 where a lot of traders and investors sentiments alike poured on the yellow metal’s price uprising during the COVID-19 pandemic’s first year.
Like the rest of the stocks and commodities, Gold is looking hopeful in the start of the year 2021.
Looking at the daily chart of XAUUSD right now tells me that I should not miss the uptrend action. I am seeing a buy signal opportunity wherein after the Gold’s price hit the recent local bottom found at $1,802 mark last January 18, 2020, it rebounded strongly.
The falling/descending wedge pattern reversal has perfectly occurred! On top of that, the yellow metal’s price went back inside the Ichimoku cloud. This time it is forming an ascending wedge pattern versus previously.
In fact, the 200-day simple moving average has continued to hold the price very convincingly. This has created a very strong support that needs a great sell-off pressure in order for it to be taken down.
My trading plan is a long position. I wait for the price corrections on the hourly RSI suggesting for over-buys. My target entry will be at $1,850, giving plenty of room at the stop loss at $1,800. I will then set the take profit at the $2,000 mark which I assume is the near long-term resistance when this bullish momentum continues. It will be re-tested knowing the fact that upon inauguration of incoming President-elect Biden drives more stimulus hopes. More dollar out of debt thus create higher inflation rate. It is time for the safe-haven assets like Gold to shine once again.
This trading plan will give me a Risk:Reward ratio of approximately 3.0. A worthy trade to take on.
Thanks a lot for reading my analysis on Gold and I wish you a great trading day ahead!
WTI Crude Oil Long – A 13-Month High Breakout
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Commodities/CFDs Trading education/entertainment purposes only. Commodities/CFDs Trading are very risky. Losses can exceed deposits. Enter with discretion.**
After double top candlesticks formed in the monthly charts last December 2019 and January 2020 respectively, the WTI went into a massive sell-off confirmed by the COVID-19 pandemic breakout. Oil price hit rock bottom last April 2020’s massive global lockdowns acted as the bearish catalyst. The price went to as low as $3 per barrel and even went negative just in April 2020 alone! I considered this dip as golden bags and lucky to those who bought them.
The following months started on May 2020 forward showed signs of recovery for the WTI’s price where we can see the biggest bullish candle for the said year. Then the trading price went range bound of supports found in the $33-35 range while resistances found in the $44-46 range.
Thanks to the late-November 2020 bullish rally, a beautiful MACD golden cross had occurred in the WTI’s monthly chart where it sent the Oil’s price to the upper monthly pivotal levels just in time before the year 2020 ended. Last month, December 2020 was a crucial month acting as a hard support where WTI trading volume went lower or should I say traders went cautious and made the price in consolidation mode.
I am seeing strong technicals for the WTI right now, where the monthly SMA 50 and weekly SMA 200 are both holding the Oil’s price acting as supports for the meantime.
As the year 2021 entered, WTI Oil’s price went stronger showing more signs of recovery and a possible more upside run. In fact, this January month alone has broken the 1-year WTI price curse since what we have seen in January 2020.
With more positive news revolving around the Oil in the news headlines during the past 24 hours like OPEC outlook sees a rise in demand for 2021 and as the US dollar still struggling to go higher, we are likely to see more price surges for WTI Oil in the upcoming weeks.
So my trading plan is I am long for WTI where any price right now is a good buy, but specifically I am assuming some small drawbacks so I will make a buy entry at $53. My stop loss will be going back to the Fibonacci retracement level of 1.414 found near the $48 range. I will take profit once price resistance is hit near the $70 range short-term.
Overall, this trading plan will give me a Risk:Reward ratio of approximately 3.40.
Thanks a lot for reading my analysis on WTI Crude Oil and I wish you a great trading day ahead!
BTCUSD Short - The Bitcoin Has Fallen Into A Descending Wedge Pattern
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.**
After topping a near $42,000 US dollar trading value last Friday January 8, 2021, the Bitcoin has fallen into sell-off turmoil over the weekend. At the time of writing this analysis, the Bitcoin is exchanging hands at the $33-35K trading ranges where a lot of selling pressures can be found.
Still volatile and risky as ever though a possible mini pumps towards the $36,000 mark but I am not convinced just yet that Bitcoin will undergo a new bull run where headlines just hit the King coin hard. One of the news recently out was one of UK’s biggest bank, the HSBC barred Bitcoin traders or even miners to deposit profits. Definitely a huge blow!
Going to the technical analysis, both the longer time-frames found in the daily, weekly, and monthly charts suggested that Bitcoin is overbought and may pop a bubble sooner than expected and it did. All the long time-frames’ RSI indicator is oversold where a lot of trading analysts speculate a massive sell-off.
Before the BTCUSD fell, it managed to hit two new record highs just for January 8, 2021 alone found on the 5-minute time-frame before it finally crashed as low as $30400+ levels where still many traders have bought this dip hoping for a rebound from the descending wedge pattern that the most dominant cryptocurrency has fallen into.
Any possible scenarios can still occur from here like the dip might be revisited or the Bitcoin will make new and slow recovery by taking near-term resistances one by one. As for me, I am short on the Bitcoin against the USD.
My trading plan will be waiting for the Bitcoin’s 200-hourly SMA (simple moving average) to be hit again. It was a crucial support that has turned into a resistance and just located a little above the hourly 0.50 Fibonacci retracement level. I am assuming it will be re-tested and once it does, that would be my entry for my short trade position at the $36,300 to be precise.
I will take profit at the recent dip located at $30,400 mark and set my stop loss in the $37,000 price level. This trading will give me a Risk:Reward Ratio of more than 8.
For now, we will keep a close eye on the news headlines across the cryptocurrency markets for the rest of the trading week ahead.
XRPUSD Long - Short Term Analysis
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.**
Last December 29, 2020, the XRPUSD price hit rock bottom around 17 cents level after the devastating SEC news was out allegedly accusing the Ripple company of selling unregistered securities to its customers. A lot of different trading sentiments are mixed up over the social media preferably Twitter and news headlines that XRP can even go lower than the 0.17 level if it can’t settle its issue with the US SEC. For some trading analysts, the XRP already reached its dead end; to others it will make a comeback. Many retail investors are devastated with reports of millions of investments liquidated by the said XRP price downfall.
Even many US-based exchanges like Coinbase, Binance US, and some international ones like well-known European exchange Bitstamp have decided to halt all XRP tradings with their respective dates. Adding more damage to XRP’s already mediocre price.
We all know that the said company, Ripple has been battling against the SEC for years to date which CEO Brad have been very vocal on his CNN interviews as well on his Twitter account that he mentioned the lack of regulatory clarity and a level playing field have hindered price of the XRP.
As XRP entered 2021, it managed to make series of comebacks. First, price was held very well on May 2020’s monthly chart acting as a strong support, buying all the dips.
In fact, the first monthly and weekly charts of XRP are in big, green candles telling us that the bottom was already hit and price reverse to the upside.
Just yesterday 8th of January 2021, to everybody’s surprise, XRP’s price pumped as high as 40%!
With intraday high peak at the 0.37 against the USD from 0.24+ open before correction finally close the price earlier at 0.32 level. It managed to close a daily candlestick price just above the 200-day SMA (simple moving average). Making it act as the new support for this recent XRP’s price action.
Of course, retracements are normal after a recent local high is reached and it is a healthy indicator. Most intermediate and experienced traders will trade from this.
I will create a long entry by buying in between the daily Ichimoku lower level and a little below the 200-day SMA price, that will give me the buy figure at approximately 0.29280.
Next, I set my exit at the recent local high at 0.37 which I assume will be re-tested by XRP’s latest bullish momentum. I will set my stop loss at the 0.27 mark where I can see lots of buy orders or supports in placed already, waiting for the big dips to happen just in case things go wrong again for the XRP.
This trading plan will reward me a rough 3.39 risk/reward ratio.
After all, the cryptocurrency market is one of the greediest trading space in the world with the crypto recently hit a 1 trillion dollar market cap.
USDJPY Long After Hitting a 5-Month Low
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Forex Trading education/entertainment purposes only. Forex Trading is very risky. Losses can exceed deposits. Enter with discretion.**
I am seeing a beautiful descending wedge pattern reversal to the upside on the monthly chart of the USDJPY pair after hitting a 5-month low.
In fact, the US dollar has gathered strength overnight out from continued positive stimulus news where we also saw the US equities hit fresh highs.
This piece of news could be one of the factors that driven the current bullish rally on the USDJPY pair.
Going back to the weekly and monthly charts in December, previous supports were held strongly and convincingly.
On January 7, 2021, just yesterday, we saw a big and green candlestick close. Opening price around the 103 surged as high as 103.90+, just a few cents more for 104, before price corrected to a close of 103.70+. The last time we saw a big candlestick like this was on the month of November.
Usually, big bullish candlesticks are hard to take down and needs a lot of sell pressure to do so. I assume that there are a lot of buy orders in place right now for most Forex traders would definitely don’t want to miss this recent price action on the USDJPY pair.
My buy entry confirmation will be on the 50-day SMA (simple moving average) around the 104 level as I can see this as the nearest short-term resistance. I will wait for it to turn into a support. I have set my stop loss at the 103 level in case sell-offs happen. My profit exit is set on the 200-day SMA around the 106 level which gives me a Risk/Reward ratio of 2.
XRP just hanging on the balance with some hours left before the Spark Snapshot
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.**
https://wallpaperaccess.com/
At the time of writing this article, the XRP is exchanging hands against the US dollar at the 0.55 zone.
The XRP managed to close a crucial daily candle at 0.57267 earlier today showing some signs of hope.
A beautiful crucial daily close on the XRP indeed just managed to hang on the life support!
Meanwhile, looking on the daily chart time-frame, the XRP remained bullish. Staying inside the flag pattern or symmetrical triangle formation.
The cross-border settlement digital asset is just hanging on the balance with some hours left before the Spark Snapshot to be scheduled tomorrow on December 12, 2020 at exactly 00:00 GMT. Confirming on the first validated XRP ledger at the said time and date.
*Image courtesy of* *https://www.tickcounter.com/countdown/2260573/spark-snapshot-date*
I lay-out 2 possible scenarios for tomorrow based on how I analyze the technical charts. Still hoping though for best of course but a breakdown or heavy sell-off is still imminent!
That would also give us a warning for an upcoming bearish signal heading towards as far as the 0.50 and 0.618 Fibonacci Retracement levels. But I highly suspect that the bulls or the buyers are waiting for these dips to happen. Again, we just hope for the better.
On the other hand of the story, if the bulls hold the current trading prices and push to break the nearest short term resistances found at the 0.60 price then at the 0.382, 0.236 and 0 Fibonacci Retracement levels, then we might find a massive breakout to the upside. Even a possibility of Fibonacci Extension levels heading towards the 0.90 and 1 dollar prices.
I would like to remind all my readers to **please read again my disclaimer above**! Anything I have mentioned here does not mean any financial advice and for entertainment or educational purposes only.
I do hope that you have enjoyed reading this technical analysis of mine.
Wherever you are right now, I wish you and your whole family are safe and sound amidst the on-going COVID-19 pandemic.
May the LORD Almighty God bless you in Jesus name!
God speed…
XRP Valued Below $10 Is Still Insanely Cheap!
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.**
First of all, it has been a while since I have written my last article some few weeks ago and I feel like I have to give you an update with the XRP and it is a must for me. We have seen a recent break-out in XRP’s price against the US dollar last November 13, 2020. It just broke a 2-month long resistance line which I am much impressed together with other people believing in the cross-border cryptocurrency asset.
And XRP has not even done yet; next thing happened was it broke the $0.34 resistance where most analysts agree as a long time barrier line in the 2-year bear market curse that XRP is facing. It even rocketed past $0.40 then $0.50 where all the frenzy hypes in social media especially in Twitter has become a trend for XRP lately. With some of the crazed fans bashing the king crypto Bitcoin. Not only that, XRP managed to reach $0.79 just a cent shy for $0.80 yesterday before its price was rejected to as low as $0.56 levels. At the time of writing this article, XRP price is consolidating inside the bound trading ranges within $0.61 - $0.75 levels.
Overall, the XRP is the top gainer in the last 2 weeks or even this month and I hope it continue its bullish run. Who knows it will break its only all-time-high last January 2018. Anything happen. We also see bullish marathons in the king coin Bitcoin and queen of smart contracts Ethereum aiming for new all-time-highs. Basically, we are in a crypto bull market cycle.
If today’s yearly high for XRP at $0.79 might be enough for a sell-off but if I am to be asked, it is still insanely cheap! Not even $1 or $5 not even $10! It takes at least some years, let’s say 5 years from now before we truly see XRP’s internet-of-value utility as cross-border settlement currency as well as banking financial bridge asset to an expensive price which I do not know. Really…
XRP is designed to be a utility asset specifically built for cross-border payments solving a real world trillion dollar problem with the SWIFT financial system. We all know that SWIFT money remittances take days to complete and costing expensive fees. Money sending must be also fast like how we send emails in the internet quickly. It should be like a snap of the fingers right?
In fact based on my own deep research, RippleNet is only utilizing the payments 20% in XRP through its xRapid network. So we can say here that XRP is not yet utilized to its full potential as a bridge asset. Imagine if 100% of all the cash flowing through the RippleNet financial network system is in XRP! There will be a tremendous amount of payment corridors that sending and receiving XRP here and there! This drives mass adoption of XRP through business establishments, banks, financial institutions, and people for everyday transactions. Take note that XRP is scalable and good for micropayments as well. We cannot simply miss our chance of earning money here! There is a lot of money flowing and it should not be missed out. XRP’s demand by that time goes skyrocket hence I can see at least a 3 digit price.
The time has not yet come for all these things mentioned to occur. All we know right now that Ripple is keep on growing its list of company partners like the big names of Amazon and Apple. Not only that, they also partnered with money remittance companies like MoneyGram. Do not forget the big banks involved here like the Bank of Spain – Santander, Bank of England in United Kingdom, the Bank of America in the United States and so much more to mention! Ripple has also partnered with big trading exchanges like Japan’s SBI and planning to use XRP on Forex Trading. Do not forget that XRP will become a bridge asset for Central Banks interoperability once their CBDCs – Central Bank Digital Currencies are in play! And lastly, XRP will have DeFi – Decentralized Finance feature once its utility fork is live via the Flare Networks. The XRP is the most promising cryptocurrency ever! It will be the best investment in the next 5 years if we consider dollar to cost ratio. So even a $10 XRP value right now would still be insanely cheap versus its future projected price once mass adoption takes place.
To close out this article, for the mean time Ripple company is still facing SEC clarity issues in the US and other controversies related with the XRP and I just hope that everything will be alright to finally put the underdog crypto in being the standard.
I would like to remind you my readers to read again my disclaimer above! Anything I have mentioned where does not mean any financial advice and for entertainment purposes only.
I do hope that you have enjoyed reading my article. Wherever you are right now, I wish you are safe and God bless!
Meet The Man Who Sold Everything For Bitcoin!
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.**
https://www.coindesk.com/
At the time of writing this article, Bitcoin’s price against the US dollar is hovering within 14,300 – 14,400 range. Many renowned trading analysts are keeping their eyes on the King coin. In fact, one analyst even said recently that Bitcoin has entered another bull market cycle. A lot of Bitcoin news headlines all over the internet. So you may want to read one of them ahead and thank me later.
On December 17, 2017, almost 3 years ago, Bitcoin has reached its only all-time high at $19,783.06. A whooping and staggering price right? Even if the current trading prices of the S&P500 and Nasdaq US major indices combined, still not enough to surpass Bitcoin’s all-time highs.
Read the history of Bitcoin here:
https://en.wikipedia.org/wiki/History_of_bitcoin
What more intriguing to me is that just last January 2009 until March 2010, the Bitcoin’s price is basically nothing. By May 2010, its price was even valued at less than $0.01! Remember the man who bought a 2 mere boxes of pizza in exchange for 10,000 Bitcoins?!
Remember his story in my other article here:
https://read.cash/@rafaelken1989/the-10000-bitcoin-pizza-guy-story-the-sweet-beginnings-of-bitcoin-price-revolution-2d48ef28
I do really hope he never regretted that moment because if he held that huge amount if Bitcoins in his hands and sell at the time where the King coin reached its all-time high, he can be one of the richest men alive because of Bitcoin! And the rest of Bitcoin was history. Bitcoin is considered one of the greatest inventions in human history. Thank you so much Satoshi Nakamoto!
If we think he is insane of selling his precious Bitcoins cheaply, well I cannot or dare not to blame him for that. At that time, Bitcoin has 0 value and the fact that he made a real world purchase using his Bitcoins already satisfied him at least. No one can predict the future folks so let’s leave the poor guy in peace. What I am going to share in a few moments will make you and me madder or perhaps inspire us with his super incredible or let me say, brave story.
In case you have already read or knew about him, I will share his story again for the sake of all those have not yet.
https://i.insider.com/
Meet the man who sold everything for Bitcoin! His name is **Didi Taihuttu** and together with the 10K Bitcoin pizza guy, they became one of the famous Bitcoin celebrities in the crypto space.
https://www.youtube.com/watch?v=Ukm5XpNm_h4
In the video above, it shows that he and his family are living a minimalistic lifestyle. Is he insane? It may appear as if he is completely out of his mind but I know for sure he made the best decision in his life, at least for him. Others may think he made the biggest mistake of his life but he does not care at all! He is bold and is confident in all sides. The moment he knew about Bitcoin and the revolution it brought unto the world, he made up his mind to sell everything he had to follow his passion for it.
It may also seem that it is a high level of obsession. We can think otherwise because his loving wife and three lovely daughters support his passion! Wow! A lot of crypto enthusiasts don’t have a family like that who supports them in their journey with the cryptocurrencies. They are even dubbed as “**The Bitcoin Family**.”
https://www.instagram.com/
I, myself, have so much troubles on how to explain to my family and relatives about the importance of cryptocurrencies and why I hold, trade or invest them like what I am doing now with the XRP. They find me stupid or crazy but not for the family of this guy who truly supported him.
That enough is something we crypto enthusiasts envy, right? We all wish we had a family like that! How we wish! Summon the Genie in a bottle please!
https://memegenerator.net/
Guess what, Didi Taihuttu not only sold everything he has to buy Bitcoins, he even teach others everything he knows about it. Damn, such extreme passion! It is like he is evangelizing others for Bitcoin. The superman of Bitcoin indeed. This man deserves our thumbs up and respect. I have not seen anyone in my entire life that made this boldest decision to sell everything in exchange for a thing that others may find skeptical, full of doubts and hard to understand.
He may commit the biggest gamble of his life as well as putting his entire family at risk for a financial disaster. Who knows what fate awaits him and his family. After all our life is short and we ought to live our lives happily, right? They choose the life they wanted to be. So let them be.
There are two more things that I would like to share with you my readers, that are:
• **I wonder how much Bitcoins he bought…**
• **And the entry price of Bitcoin when he decided to sell everything he has as an exchange.** Though the year this happened was on 2017 where Bitcoin reached its all-time high. I just hope he really made the right decision and that right now, he and his family are living the lives they have truly wanted…
If we watch the video again, he did not share those numbers. He just laughed when he was asked how much Bitcoins he had bought and their value at his purchase. Even their neighbors were surprised during in an interview. For me they are crucial. Overall, it shows that he literally sold everything he has that includes all his properties to buy the Bitcoins.
The crypto world together with all the Bitcoin fanatics is definitely on his side. That is what I am sure of. He gets all the support and understanding he and his family need. That motivates him even more. He made another Bitcoin revolution yet again like what the Bitcoin pizza guy did.
To close out this article, I remind everyone that not all people are fans of the cryptocurrencies. To some it is another form of money making schemes which are bubbles just like the rest of the traditional markets. To others, it is a gimmick and a waste of time. But for us who truly understand the cryptocurrencies and for the innovations they bring into the world especially at this time of COVID- 19 pandemic, we adopt and value them. We can see and store them but cannot touch them. As long as we know their true value just like what Didi did, we really know for sure what the future lies ahead of us. There is just something in cryptocurrencies that is hard to explain.
https://www.newsbtc.com/
Thanks a lot for staying with my article until the end.
God bless and stay safe always!
The Idea of a Simplified Cryptocurrency Airdrop Model For Average People
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.**
https://miro.medium.com/
For most average people, especially now at this very times of a corona virus pandemic, this one question is ringing on their minds:
**What is cryptocurrency?**
Cryptocurrency is a currency powered by Blockchain and protected by the power of advanced ‘Cryptography’ which ensures that you don’t need a central authority to protect the value and authenticity of a payment system. It offers anonymity as well plus a secured transaction of a no way to be hacked or duped.
Some of its ideas are the removal for the need of third party allowing peer-to-peer transactions, giving financial opportunity and power to the unbanked people even to the most remote places on Earth mentioning the poorest continents including Africa. For someone to gain access over cryptocurrencies, they just need electricity, a device as simple as a mobile phone and the internet of course.
I know for sure that one of Satoshi Nakamoto's original goals of inventing the Bitcoin is to bring back to people the power over the broken financial system which he oversaw during the 2008 Financial Crisis.
https://www.youtube.com/watch?v=N9YLta5Tr2A
Unlike traditional payments like Dollar, rupee , pound or naira which need banks to transfer payments, cryptocurrencies rely on “blockchain and internet” to power them.
Even though Cryptocurrencies do not need banks to run them , the payments on crypto are in fact more secure than traditional payment systems like banks (which suffer from glitches occasionally) owing to the power of blockchain.
The main super power of Cryptocurrency is its ability to work seamlessly across different borders just like the internet with almost no regulation possible by governments' intervention.
This means for the first time in the history of mankind , Money can be transmitted for very long distances for near zero cost without any hassles.
Bitcoin started more than a decade ago and has risen to more than 250 billion in market capitalization Experts predict in next 10 years that cryptocurrencies overall market cap will reach a value of over 2 trillion which arguably will be the ‘Crypto gold rush’ that everybody would not dare to miss. In fact, it is happening now. The fear-of-missing-out or simply FOMO is real and right in front of us.
**Potential of Crypto**
The invention of blockchain-based cryptocurrency is one of the greatest technological leaps in human history. Unfortunately crypto adoption is very low right now which is approximately less than 0.10% of total world's population.
The reason is simple, so far crypto could only be acquired through Mining or through Initial Coin Offering - ICO, both of which need high technical knowledge and investment which average users stay away from. There are other methods of acquiring cryptocurrencies like the famous Proof-of-Stake protocol or POS which is extremely famous in DeFi or Decentralized Finance applications.
A super simple on-boarding with an incentive in the form airdrop creates motivation for average users to sign up and refer their friends.
One thing is very clear, cryptocurrency airdrops are one of the paths for mass adoption. It can be done for free. Of course airdrops usually made for free. Every cryptocurrency born starts with nothing or 0 value like Bitcoin's beginnings. Look at it now.
Did Facebook acquire billions of users if they asked to pay to sign up? Though I know for a fact that they made revenues through Data selling and Advertising, it cannot be denied that the infamous social media giant is topping the industry it belongs to.
Every payment network like Paypal and the rest alike spent billions of dollars for attracting initial 100 million users, however the initial users didn't get a share of their massive success.
**What is a Cryptocurrency Airdrop?**
A cryptocurrency airdrop is an event wherein initial tokens are offered for free via participating platforms. It always follows rules and conditions depending on the type of cryptocurrencies that the airdrop is offered to. An airdrop can happen once or many times on a single participating cryptocurrency. Other times airdrop occurs during a cryptocurrency fork.
https://www.youtube.com/watch?v=d-GpENQ8GU4
**A simplified Airdrop model to the rescue**
A change to an airdrop mechanism that is simple to understand or execute should attract the average Joes who sees cryptocurrency for the first time . I assume average people are less techy and savvy. If everyone who participates in the initial success of airdrop gets rewarded handsomely as the amount of airdrop given keeps decreasing with more people joining and with increasing prices.
Fixing the cryptocurrency adoption problem starts with making ‘acquiring and earning cryptocurrency’ easy enough for the average person to participate in cryptos.
**The problems with the most current airdrops mechanism are that they expect you to:**
• Produce strict KYC documents like Passport, Driving license etc...
• Share or like multiple social media handles
• Expect you to wait a few days for you to receive your airdrop bounty
• Limit the numbers of user participation to first 10,000 users or 25,000 users.
**Simplicity is a super power**
An airdrop believes in KISS ‘**Keep It Simple Stupid**’.
With a simplified airdrop however users can claim their airdrop by simply signing up with email which means:
• No KYC documents like passports etc to be shared
• No social media profiles to be liked of shared
• No waiting for getting your airdrop as its instant
• No limit on user participation as we want to onboard billion users
People may able to achieve this by using a cutting edge AI-driven identity engine which ensures one person can only use one email to claim an airdrop and stop fraudsters who create multiple emails to claim this airdrop. Avoiding the abuse and stopping the greedy ones.
The power of a simplified airdrop will drive mass adoption to average people as well as educating them about the whats, hows and whys of cryptocurrencies.
For the time being we can only wait for the cryptocurrency to fully boom and bloom.
I do hope you have enjoyed reading this article and gain new learning from it.
Feel free to shoot me any comments down below. I definitely love to hear from you!
Have a great day ahead. Stay safe and God bless you always. :-)
Alleged ‘Tai Chi’ Entity Damages Binance BNB Coin - CEO Zhao to the rescue!
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.**
Just this morning while I am monitoring my daytrading or scalping the XRP against the BNB in Binance exchange, I suffered some major drawdowns with my recent trading positions. I have to find out the reasons at least. News always do effects on stocks' price even cryptocurrencies.
I asked myself, why is that the BNB's price suddenly on sell onslaught? I immediately browse the news over and boom presto! Gotcha, found it.
We head over to the Binance's native cryptocurrency, the BNB or Binance Coin which is currently sitting at top 7 spot according to market capitalization.
The BNBUSDT hourly chart tells it all! Just this morning the BNBUSDT's intraday price open was at 29.8696 then went as low as 28.8289!
In fact it is on a 3 day losing streak.
This concerns me a lot because it damages my XRPBNB scalping and cost me some XRPs just for today.
The BNB is also one of my favorite cryptocurrencies along with the XRP. I have been doing cryptocurrency scalping in Binance lately, check how I do it:
https://read.cash/@rafaelken1989/my-range-scalpingdaytrading-strategy-in-cryptocurrency-markets-3376919c
I am performing well in the last days earning some XRPs for myself via scalping the BNB coins but today stressed me out.
I just hope that Binance along with its famous CEO Changpeng Zhao can find ways in resolving this recent issue. The Binance exchange is one of the most liquid in terms of trading volume per daily basis. It is popular among cryptocurrency traders. Apparently, according to Zhao, he is denying all the charges with the said "Tai Chi" entity adding his company is complying all crypto regulations and laws. https://www.binance.com/en/register?ref=38732142
With that said, read the full news article for more details here:
https://www.forbes.com/sites/michaeldelcastillo/2020/10/29/leaked-tai-chi-document-reveals-binances-elaborate-scheme-to-evade-bitcoin-regulators/?sh=56d849022a92
The only utility that the BNB token offer right now is that its reducing the exchange fees when using BNB in trades as low as 0.0750%. This value is already a big help for huge trading volumes and attracts crypto traders in using the Binance exchange. So I guess all BNB markets have suffered this carnage at the moment. That includes XRP as well.
Once again, please do read my disclaimer above at all cost!
Stay tune for more updates.
Thanks a lot for reading my article for today.
God bless!
My Range Scalping/Daytrading Strategy in Cryptocurrency Markets
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.**
First and foremost, I will like to remind all the readers to please do read my disclaimer above very carefully. Whatever I am going to discuss here on this article is not a financial advice. Trading in cryptocurrency markets is extremely risky because of unpredictable prices volatility.
The cryptocurrency markets never sleep unlike the traditional global markets like Forex. Open 24/7 the whole year round. Despite trading in crypto markets riskier, the rewards can be great because the profits that can be made out of the extreme price volatilities. This opened doors for opportunities among cryptocurrency traders all over the world.
Cryptocurrency trading is very diverse in nature and there are a lot of crypto pairs to choose from. The possibilities of finding the right trading pairs are endless as there are thousands of cryptocurrencies listed on different crypto exchanges. The volume is extremely liquid as well like trading the Forex/FX markets.
In this article, I will share one of my trading strategies that I practice in the cryptocurrency markets. No one taught me about this strategy although I have done a lot of research in order for this trading execution to be effective. This is my own personal experience and does not reflect any trading advice. This type of crypto trading strategy is not 100% correct and the results may vary depending on the market trends which keep on changing from time to time.
I always do a lot fundamental news research and view technical analysis first before doing this trading strategy.
The idea here is simple, increase your main cryptocurrency portfolio. In my case, it will be the XRP as my main guns and I will do everything as much as possible to increase its numbers regardless of its price hedged against the US Dollar or my native currency PHP or Philippine Peso.
I take note first the entry price of my XRP originally bought in PHP as the capital. This serves as a reference whether I make profits or losses when comparing its final price upon closing the trade. Doing this as a diary is very important for me as I like to make things organized.
Aside from writing quality articles here in the Read Cash platform to earn some Bitcoin Cash and doing my full time works at home as a Virtual Assistant, the cryptocurrency trading has become another layer of income that I find enjoyable. I even acquired new skills of doing it in the past months and made new friends with other crypto traders in this market space. Trading can be a hobby or a sideline. It can be fun but most of the time stressful. So be cautious.
Another term I would like to use here for this type of crypto trading strategy is “**Scalping**”. A lot of traders have become successful applying Scalping on their trades.
You can watch this video about Scalping in Forex markets:
https://www.youtube.com/watch?v=zhEukjCzXwM
The thing is, Scalping can be applied in cryptocurrency trading as well! That is what I have found out. To my surprise, it is worth learning.
Scalping is only effective for daytrading for short-term profits with minimal risks of losses. I have to keep an eye closely in the trading ranges. I am doing a manual spot trading because marginal or leverage trading is extremely risky. It is the safest way to trade in the crypto market space. It is much better do things safely. Our goal here is to at least preserve our capital. https://www.investopedia.com/articles/trading/05/011705.asp
For my own scalping, I choose the Binance exchange for their reputation and low trading fees. I specifically have chosen to scalp the XRP against Binance’s very own native cryptocurrency called Binance Coin or simply BNB. The price movement here is decent as well as the trading volume size. Overall, for me this is the most appropriate crypto trading pair to scalp. Aside from that, they are included in the top 10 cryptocurrencies in terms of market capitalization category. It means their volume of trading is liquid. A good trading pair to consider. https://www.binance.com/en/register?ref=38732142
Time and timing of sell/buy trade executions are our friends here for a successful Scalping.
**These are my steps in executing the Scalping/Daytrading:**
• Do a quick view on XRP and BNB's 24-hour price and volume movements over coinmarketcap and see the charts in tradingview for technical statistics as references. https://coinmarketcap.com/all/views/all/ https://www.tradingview.com/
• When selling XRP to BNB, see the top last 5 selling orders and when buying XRP check the top last 5 buy orders highlighted in **number 1** in the image. Check XRPBNB’s last traded price, the 24 hour statistics highlighted **number 2** in the image. Check the trading depth of the buy and sell demands for XRP highlighted **number 3**. If we can see that the red line graph is higher or bigger, it gives us an idea that XRP is in demand. More buying orders than selling will drive XRPBNB price higher. The same goes if the green chart is higher or bigger than the red, more selling in XRP driving its price lower. In connection with that, we can check the recent market trades in **number 4** to know when to set a buy or sell order.
• Sell XRP at higher BNB price within the top 5 range of that chart highlighted in **number 1**. Wait for your order to be executed.
• After a successful selling of XRP into BNB, buy XRP now at cheaper BNB price in the green numbers or the buying orders. Then wait again for the order to be completed.
• The cycle keeps going on and on as long as you like. In my case, at least I have a 1,000 XRP capital as an instrument to do efficient scalping. It is the only amount I can afford and I am willing to take risks at the moment.
Check out one of my successful XRPBNB trade scalpings:
I sold my XRP at higher BNB price then buy back XRPs at cheaper price giving me more XRPs in return.
I may not be able to discuss in details but I just want to give a quick look on how I do scalping using XRPBNB trades as an example. Like I mentioned earlier, my end goal is to increase my XRP supply out of selling it at a higher BNB price and after that, buying back those XRPs cheaply using the exchanged BNB coins.
**Scalping has some drawbacks that include:**
• Extreme market volatility case like Crypto Whales do a massive Bitcoin selling or buying. We can be left behind or we can suffer inevitable losses. These Crypto Whales do a lot of damage if they decide to withdraw or sell their big positions but can be beneficial for other altcoins including XRP and BNB if they buy big amounts of Bitcoin. In the history of crypto trading, the Whale activities always leave ripple effects in the crypto space. To know more about what they are and what they do, you may read my other article talking about them:
**Crypto Whales 101 and How to spot them**
https://read.cash/@rafaelken1989/crypto-whales-101-and-how-to-spot-them-1c0a303f
• Scalping is time limited and like I said earlier, it’s a daytrading task for short-term profit taking. It is neither a long position nor a short position. We just literally do a scalping based on the current cryptocurrency market movements. Remember that we simply ride the wave or get involved with the current market trends.
I hope you have learned something new. I will greatly appreciate for any questions and corrections by commenting below this article.
Thanks a lot for reading until the end.
Stay safe and God bless!
The Need For A Global Reserve Cryptocurrency Is Unavoidable!
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.**
https://dailyhodl.com/
Let us face the hard truth of reality now. I may sound crazy and stupid or even redundant but I am crystal clear with what I am seeing in the current financial system’s situation of this pandemic plagued era we are living now. The Central Banks all over the world suddenly got interested in cryptocurrencies and the technology it brought. They have entered in and taken the race for their own CBDCs or Central Bank Digital Currencies, it is like saying, “*Hey Joe, look there is a rapid increase of cryptocurrencies usage in this very times of pandemic, I guess it is time to digitalize our fiat currencies now*”.
To further support my claims, the IMF or the International Monetary Fund has been pushing the adoption of cryptocurrencies over the years. You may read my other article about it:
https://read.cash/@rafaelken1989/imf-video-promotes-crypto-usage-starring-xrp-and-the-king-coins-9551f65b
In fact, ECB's Christine Lagarde has been talking about pushing Digital Euro. Checked her statement from this video below:
https://www.youtube.com/watch?v=n5IAFJct4Q0
If these news are not yet convincing enough, open your eyes people! A lof of businesses and financial institutions all over the world are already adopting the usage of cryptocurrencies.
I have been researching a lot since I have entered the crypto world especially with my XRP investment. I am putting all my eyes and ears on the news headlines, even listening over the hyped and wild speculations of XRP in YouTube. The future of finance is slowly evolving right before our very own eyes now. A lot of people do not have this idea of what I am sharing in this article so it will be a plus if you have read this in advance.
Fiat currency has clearly failed. It never solved the issue with Inflation. It is still on experiment and yet again it worsened the problem with how financial system should work. Remember the 2008 US Financial crisis prior to Bitcoin's inception? Coincidence? We should all ask the legendary Satoshi Nakamoto to explain the matter.
Since former President Reagan declared the complete removal of Gold-backed US dollar, inflation has gotten worst. It should have stayed with that safe-haven gold backed system if I were to be asked.
I even watched current President Donald Trump on a Twitter video couple of months ago that he wants the FED to return to the gold standard.
https://www.youtube.com/watch?v=YZiKk2VgBGM
I will now focus in the remaining parts of this article about the need for a global reserve cryptocurrency. Think of it this way, right now we do have a universal language and fiat currency right? The US dollar is the world’s reserve fiat currency as to English is the universal language, am I correct again right? Okay, why do they exist? Until now FED keeps on printing lots of US paper! The answer is simple, every nation that has no connections with each other, whether it be political, geographical or religious affiliation, whatsoever, needs something for a bridge. This bridge is the medium of exchange between two different nations. Have you ever wondered why in Forex Trading markets alone, the US dollar is the most traded currency? It even has 4 major trading pairs namely Japanese Yen, British Pound, Euro and Australian dollar. Of course, English is the world’s universal spoken language.
Now, if the time for the need of a global reserve cryptocurrency arrives. Take note that at this time I am confident that all crypto regulations are out, no more hindrances along the way. If all things are setup according to plan, the biggest and most promising candidate for this position is no other than XRP. Of course, who does?
Ripple Lab’s, the company behind the XRP, has been working for years establishing connections with the big banks all over the world even partnering here and there across different companies to name. Rumors has it that Ripple has already made partnership with Google and Amazon. That is a time bomb waiting to explode!
I even mentioned from one of my articles that micropayments will be XRP’s end-game:
https://read.cash/@rafaelken1989/ripple-xrps-realistic-ambitious-goal-a-total-global-micropayments-domination-eca469ce
One of the current news I kept on hearing over the internet is that Ripple will move out of US seeking UK as its new home-base where the lack of crypto clarity in the US has been a blockage for the company.
Regardless of the XRPUSD’s price which is sitting around 0.2560+ at the time of writing this article, I want to pinpoint some of the major qualities of XRP as the Global Reserve Cryptocurrency among the rest:
• SWIFT financial system is slow, outdated and expensive. The reality is that that the banks will continue to exist for many years to come and will evolve like we are seeing with one of the world’s first ever crypto bank, the Kraken. This is quite alarming in some sense. A lot of people don't understand cryptocurrencies at all!
• XRP is the fastest cryptocurrency in the world in terms of transaction speed. Built for cross-border-settlements paid in seconds. It is not a joke that Banks are doing millions in dollars for their transactions everyday! By using the XRP as the cryptocurrency to deal these huge transactions, they save a lot of money and time. Built for business, meant for business.
• Even if Ripple Labs company cease to exist, the XRP which is built on the XRPL or XRP ledger that is open-source will continue to exist. It was even publicly told by Chris Larsen, one of the Ripple Labs go-to guy.
•XRP’s DeFi feature will be unlocked once its utility fork out this coming December. This attracts the banks and other money crazed institutions even more. Details of that here:
https://read.cash/@rafaelken1989/upcoming-xrps-friendly-utility-fork-spark-tokens-airdrop-will-be-explosive-5a9940d7
• Like the US dollar, XRP will serve as the bridge for the fiat to cryptocurrency exchange and vice versa. Solely because of its extremely fast transaction speed in seconds solving volatility issues and almost free to 0 transaction cost yet the exchanges are greedy spreading fees for that. I don’t have to tell the details but I know all about it. I am trading XRP and other altcoins in Binance that is why I know folks.
Overall, there will always be the need for a reserve cryptocurrency standard even in digital banks soon. Only time will tell to prove my crazy speculations here.
I am not trying to say that the king coins like Bitcoin and Ethereum are not legitimate candidates! They are just not built for inter-digital bank to bank transactions because they are slow and the transactions to be done in their ecosystem is very expensive which is a big no for financial institutions like the Central Banks of the world.
Take note to read again my disclaimer above please!
Once again, for me the XRP will be the destined cryptocurrency as the Global Reserve Cryptocurrency. The standard once everything is set into place.
Thanks for reading until the end.
God bless!
How Bitcoin Changed The Lives Of Early Miners
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.**
One of the biggest regrets in my life is I took Bitcoin mining for granted! In this article, I will try to express how I deeply regret of not joining the Bitcoin revolution since its humble beginnings nearly a decade ago. I could have made a fortune for myself if I have mined the early version of minable Bitcoins just using a personal computer or a mere laptop. I am talking about the first halving block rewards of Bitcoin mining.
Have you ever felt any regrets in your life? I am sure you do! Every person has but not the person who bought two boxes of pizza for 10,000 Bitcoins. Remember him? Read his story again:
https://read.cash/@rafaelken1989/the-10000-bitcoin-pizza-guy-story-the-sweet-beginnings-of-bitcoin-price-revolution-2d48ef28
He could be one of the richest people because of Bitcoin today! If only he held those precious Bitcoins up to now. Guess he had no regrets.
This article that I am writing now serves as a reminder that if you feel like you have found something valuable for many years to come, just grab it and don’t let it go. I knew all about Bitcoin long ago when it just got started but I was too naive too understand its goals and purpose. I was also too lazy to do even the simplest way of acquiring Bitcoins. Take note also that please read my disclaimer above at all cost!
I was younger back then, we all do ten years ago. Like one of the famous youth quotes even used in songs, “*Young, Wild and Free*.” This quote really impacted me until now that I have a family of my own.
The invention of Bitcoin itself was absolutely genius! Whoever or whatever Satoshi Nakamoto might be, whether an entity or a group of highly intellectual beings, all I can say is they made a new revolution. The rise of cryptocurrencies has been making huge impacts especially at this dire time of COVID19 pandemic. We saw a lot of companies now respecting the adoption of using cryptocurrencies. One example for this is the recent news last week regarding PayPal’s entry to the crypto. If I were to illustrate this news, it is like PayPal is trying to say, “It’s never too late to enter into Bitcoin and the rest of the cryptocurrencies.” Even PayPal as one of the biggest and well-known, trusted financial institution of the world finally thrown the white towel of giving in into the fact that cryptocurrencies are here to stay.
Bitcoin is creating headlines since from the start until now. Making big news in the financial world here and there. A controversy for the skepticals while a prodigy to the believers. The Bitcoin phenomenon has inspired to the births of every other cryptocurrencies called alt-coins and had been used both for good and bad purposes like the One Coin scam, Silk Road black market news, and much, much more too many to mention.
The year 2020 alone is one of the worst financial disasters in human history. We keep on seeing a lot of companies falling into the edge of the knife as the world’s economy is dying.
One of my favorite Sci-Fi movies of all time is the “Inception” mainly starred by Leonardo DiCaprio. This movie’s main theme is with just a simple idea planted can be life changing. This is called Inception, yes it is true. The Bitcoin is the Inception of all cryptocurrencies and the technology it brought to human history. Another milestone of human’s wonderful discoveries.
https://www.youtube.com/watch?v=YoHD9XEInc0
Bitcoin’s value before was 0. Of course, everything has a start. I highly believe that all cryptocurrencies today started with no value at all. For your information, Fiat money is approximately 48 years old and Bitcoin is 11 years. In case you are wondering, Fiat money is also an experiment. All I know that physical money is printed by the respected Central Banks of every nation out of debt. Those debts are bond collaterized. May I add that every fiat money we have is losing its purchasing power over time called inflation.
Regardless of Bitcoin’s price now sitting $13,000 at this time writing just $7,000 more to its former and only all-time-highs, my main point of writing this article is never underestimate any asset today. The case happened to Bitcoin, I knew all about it as early as the 2010 when I was too young and had full of energy. I could have mined at least 2 Bitcoins per day just using a mere PC computer’s basic dual core processor.
All I can do now is keep watching Bitcoin soaring its price breaking the hurdles along the way in order to reach its former all-time-high price. Who knows the BTC can break its former ATH this year. Only time will tell.
The Bitcoin is still king, respect it! Read my details about its royalty:
https://read.cash/@rafaelken1989/bitcoin-is-still-the-king-coin-respect-it-5a75f600
Bitcoin is the father of all cryptocurrencies. It may be slow but it impacted a lot of people throughout the world. Many an investor or miner became extremely rich because they made the right decision of believing in Bitcoin from the start.
As for us, it may be too late to make an entry for the Bitcoin craze. All up to you. I am glad I was able to express my hard feelings over the years for the Bitcoin.
Thanks a lot for staying with me until the end.
Keep safe always and God bless!
The Cha Cha Dance Always Mesmerizes Me
Whenever I watch Ballroom dance contests over on TV and YouTube videos, I always wait for the Cha Cha category. Of all the classical Ballroom dance invented, Cha Cha is my all-time favorite. It always has a special place in my heart.
Although I grew up watching my grandparents preferred to dance Tango than Cha Cha, garnering wins every time our small community held dance contests. It was always a fun to watch them! How I wish to turn back time. I would do anything just to watch my beloved grandfather and grandmother who are now both in heaven to dance one more time. God knows that I missed them so bad! :-(
The Ballroom dance genre is always composed of two partners dancing together in harmonious symphony. Aside from Cha Cha and Tango, there are a lot of Ballroom dances still popular today like Samba, Rhumba, Pasadoble, Jive and much more.
Cha Cha has a Latin origin as early as way back to 1953. The country of its origin is Cuba. What I like about this dance is that it is not so hard to do. The dance rhythm always follows the beat of the sound. But if I were to compare Cha Cha and one of the other Ballroom dance categories like Tango, the latter is a bit more sophisticated and passionate. Cha Cha for me is not just a cool ballroom dance that I find entertaining and enjoyable, it also relieves stress. I am proud to say that I can refer it as my kind of physical exercise.
I had to admit that millenials find Cha Cha and the rest of the Ballroom dances boring and a bit old school types of dance. I cannot blame them for that though Cha Cha is still popular nowadays. A Ballroom dance competition will not be complete without it.
There are also variations of the Cha Cha dance depending on the countries that have popularized it over the decades since its inception. There are lots of Cha Cha variations we can find like the Basic Cha Cha, Cross-over, Turning Exit, Lady’s Arch Turn, Chase, Flip Flops, Half Moon, Style Notes and much more. The Cha Cha variations are danced differently according to beats per minute. It can be dance as low as 108 beats per minute to a fast one up to 138 beats per minute.
For other people, dancing Cha Cha is a way of expressing out their feelings or their passion. If we try to browse for some dedicated Cha Cha dance competitions throughout the world, we can see how lively and vibrantly the dance partners are. They are dancing in perfect union as if they are one with the sound beat. I also find the dance partners in very top shape and sexy. They are showing good body discipline.
https://www.youtube.com/watch?v=08rWdLdm3Vk
Like I said earlier, the Cha Cha dance is not that hard to practice. We can easily do it like find a partner of course, select the music of your choice, and prepare the dance position stance. Then after that do breaks step and so on and so forth.
No wonder there are a lot of other people like me who likes this dance. Oldies are always goodies. As long as I enjoy watching others, newbies and experts alike, the Cha Cha dance will always mesmerize me for more years to come.
Hope you like reading this article.
Feel free to post comments for any questions or corrections.
As always, keep safe and God bless! :-)
Online Marketing Foundations - How To Become A Successful Digital Strategist
I have been actively working online since 2011 up to now and worked with various clients to name. In this article, I will like to share the ideas and skills I have acquired throughout the years.
Online marketing is a strategy that helps any individual, business or non-profit institutions achieve their short-term or long-term goals through the aid of the internet and all the including technologies support its mechanism.The advent of the internet nowadays especially at this time of COVID-19 pandemic has rapidly increased the usage of online marketing across the world. A lot of people continue achieving successful results after an effective online marketing strategies have been setup. People who became experts in Online marketing are called Digital Strategists. They can build almost anything from scratch to a driving force online. They use all the tools available as means for a solid marketing strategy like from Social Media, Web creation, SEO, conversion experts to finding good traffic yet quality ones and more. At the end of this course, I am viewing myself to acquire new skills needed to become a Digital Marketing Strategist.
**DIGITAL MARKETING STRATEGY**
Now as we move forward, one example of an online marketing is called the Digital Marketing Strategy. This strategy relies the usage of the internet fully adopting its utility wherein a certain individual or a business can gain a lot of potential leads that can result into conversions to profits and quality traffic that give favorable opportunities. Take note that part of using Digital Marketing Strategy is by using the power of the Social media platforms like Facebook, Twitter and more. The possibilities are endless once this strategy is established.
**THE IMPORTANCE OF DEFINING THREE STRATEGIES**
In any Digital Marketing strategy, it is very important to set and define the 3 sub-strategies which are:
• Building a business strategy.
• Building a brand strategy.
• Building a marketing strategy.
These are 3 different strategies but all share 1 common goal that is to achieve a successful digital marketing venture. They are very important and co-related with each other and are crucial to obtain results.
**BUILDING A BUSINESS STRATEGY**
To apply a Digital Marketing Strategy, I must select the desired nature of my business. In my case, I want to setup a small-time everyday commodities and goods store. In order for my business to grow and profitable, I must apply good and solid digital marketing strategies designed in the model of business I ventured to.
**BUILDING A BRAND STRATEGY**
Now to add more spice to my business strategy, I will also create a brand name for it. A good brand strategy always resonate a sound business. Have you ever noticed that a leading brand in a certain industry especially in a fierce competition gets most the value? Take Apple iphones as an example, just by hearing the word “iPhone”, most of people always get the idea that it is the most dominant brand of mobile phones in the world. So Apple is the name of the brand that most people refer as the high-end value of smart phones. Apple in short has built a good brand strategy for the business model it has chosen.
**BUILDING A MARKETING STRATEGY**
o wrap things up for the digital marketing strategy, not only a good business that has a sound brand name, but a good marketing strategy is also vital to achieve better results. Marketing is the same as advertising, my business’ brand name must be visible to all possible and potential leads. They must know my business and the products/services that I offer.
EXPLORING DIGITAL MARKETING
The world of Digital Marketing has always been an exciting experience whether for business or just for personal use. The Digital Marketing itself is a broad genre that heavily relies on the advent of the internet especially right now at Covid-19 dire times. We have seen a lot of business done through online lately. I can say that Digital Marketing helps a lot of people and institutions all over the world.
**DEFINITIONS AND TERMINOLOGY**
The Digital Marketing world has a lot of definitions and terminologies to count. I will only mention those I find have the bigger impacts as a whole like SEO (Search Engine Optimization, Artificial Intelligence or simple called “AI”, CPA (Cost Per Action), Advertisements, Website Creation and Monetization and much, much more!
**COMPONENTS OF DIGITAL MARKETING**
The Digital Marketing typically has the following components like Search engine optimization (SEO), Pay-per-click advertising (PPC), Cost Per Acquisition or Cost Per Action (CPA), Web design/creation, Content marketing/creation, Social media marketing, email marketing, marketing analytics and more.
**THE DIGITAL MARKETING LANDSCAPE**
The Digital Marketing landscape is the ecosystem where all the necessary tools, strategies, techniques and platforms go into one place where all the aforementioned are being utilized that further diversify the online digital world. There are a lot of strategies to choose from and can be applied depending on the user or institution’s digital marketing needs.
STARTING WITH THE WEBSITE
In any Digital marketing strategy, starting with a website is vital. Website is the backbone of any person or institution upon entering the online world. It speaks who we are and what we do. To start making a certain website, one must identify what kind of services they offer or the goods to sell including their target market either global or local. There are a lot of elements in making a website that we are going to discuss more later.
**WHAT MAKES A WEBSITE EFFECTIVE?**
In order for a certain website to be effective and productive, there are a lot of things to consider that must be observed. Some of the many criteria for an effective website are the following:
• A website must have enough traffic for potential conversions into profits from goods or services. Traffic means everything. It is the deciding factor for website’s success. Driving traffic to a website is more important than the looks.
• A website must be accurate in what they are selling or services they are offering. A website's content must be unique and not a copy paste from others. A website should follow all the necessary guidelines that do not violate any digital marketing rules online and to the digital community.
**CHOOSING A DOMAIN NAME**
There are a lot parts in creating a website. One part of starting/creating a website is choosing a good domain name of your choice. It could be your brand name itself or anything that represents you, your products and services. It should be an exact representation of who you are. A good domain name that is reputable for the digital community. In short, a domain is your brand name. It will speak for you. There are a lot of domain name providers online that we can choose from. Of course, select those quality over price value.
**SELECTING A DESIGNER OR DEVELOPER**
The other part of website creation is the designing or developing section. A lot of starters who find website designing/developing to be tricky and techy. For that, they reside on selecting or hiring professionals to do their works for them. Always connect to those really stand out and can express your visions and ideas into reality for the website that you want to establish.
**BUILDING A SITE YOURSELF**
Now if you want to save money, of course, we can create our desired website ourselves. There are a lot of free web applications online like Wordpress, Blogger and Wix. The good thing about these apps is they provide user-friendly interface and help the starters in designing their websites. They also assist them for whatever help and challenges they meet in creating website. Take note, if you have the budget and wants to save time for other micro things, you can always hire web professionals. Although building a site yourself can acquire you new skills, can be fun and worth-while. DIY yourself can be fun too!
**MAKING YOUR WEBSITE CONVERT**
No matter how good looking a certain website is, if it cannot make conversions even it has enough traffic, it is a useless and dead website. Yes it is true that a good looking and having quality contents that people can engage from, a website owner/creator’s top priority is to convert out of these engagements mentioned. If a website is about products and services, it must create conversions that can result profits. The same is true if a website is about to give information like educational oriented sites, more people reached equal to conversions because their messages are relayed. To make a website convert, a lot of solid digital marketing strategies should be applied
**CREATING ENGAGING WEB COPY**
Website contents must be good and unique at all times meaning at all cost it must not copy from someone else. Not only that web copy should be written or made uniquely as possible but it must be engaging also. People that usually like the articles they just have read or videos they just watched tend to make interactions like sharing them to their social media feeds, commenting, etc. Creating engaging web copies can be tiresome but very rewarding if done correctly. This practice is one of the important aspects in Digital Marketing strategy.
**CHOOSING RESPONSIVE DESIGN**
One must choose the right responsive design for his/her website according to the niche he/she joined in. For example, I want to setup a digital marketing strategy for my small grocery/commodities store, creating a website is part of this and I must choose the appropriate designs that represent my business as a brand. So I will lay out the designs I want that I think will be helpful for my potential leads. I will try to keep things simple and straight forward especially now that most people use mobile phones rather than PCs and laptops, my contents and applications inside my website should be fast and responsive as possible. People in nature, hate to wait and frustrate a lot on laggy websites.
**INSTALLING GOOGLE TAG MANAGER**
First we need to have a Google account to access the Google Analytics tool. One of the many utilities that the Google Analytics offer is the Google Tag Manager where we can access and edit the necessary tags that can help us measure and optimize our marketing strategies. Tags are similar with keywords and they play an important role in determining the right metrics in optimizing our websites.
FOUNDATIONS OF ANALYTICS
Data analytics play an important role in getting the strengths and weaknesses of a website in a digital marketing strategy. It will give specific information like we can find the things in our website that need improvements and further enhance the areas where strong performances are shown. In every website or any platforms, founding key analytics are important and must be established because they give a lot of data or information that we can analyze from. To make actions in every aspects that play a major role in a successful marketing strategy.
**INTRODUCTION TO MEASURING DATA**
The good thing about analytics is that we can get or generate all the data that we need in analyzing a certain website’s performance. Measuring data is just as good as monitoring key statistics for the bad to worst areas that need attention for improvement. Also, by measuring data, we can get the best statistics and further enhance them to the next level.
**HOW ONLINE ANALYTICS WORK**
Online Analytics work in a very sophisticated way, it is aid by artificial intelligence technology which is accurate in gathering the needed data in real time. A lot of platforms are interconnected via the internet and helping each other in providing real time data whenever one demands it from another. The internet plays a major role in online analytics structure. Take Google as an example. It is the most famous web search platform where a lot of data are searched all over the world, businesses that want to advertise their services and products go to Google analytics helping them for their needs.
**USING GOAL TRACKING**
Setting up goals for your analytics can be very rewarding. A goal is simply representing a completed activity and is called a conversion. It always reward your business or platform, it means your visitors/audiences are doing engagements. Goal tracking is literally analyzing how the conversions were made. They could be registering under your call-to-actions inside your website, staying in the website for a longer than normal, buying/purchasing of goods and services. Statistics like these are very helpful because one can further enhance his/her website or platform that can lead to more goals.
**LOOKING AT A CONVERSION FUNNEL**
When we try to look upon an infographic depicting how a conversion funnel works, we can see a literal funnel where liquid flows inside the different levels.For any website or applications, a conversion funnel can always be seen. First level is Awareness, where audience sees what a website or application offers. Then Interest arise, it’s up to them to leave or stay. Once they got a feeling that they are interested, then they enter into the Desire level. A successful conversion funnel always ends up in an action. It could be a purchase, a registration and can be anything else worth rewarding.
**DEFINING YOUR KEY PERFORMANCE INDICATORS (KPIS)**
Defining your Key Performance Indicators or KPIs are essential because they are critical signals of progress toward a desired result. By defining those necessary KPIs, any website, application or platform can focus for helpful strategic improvements. It is like saying, if they are able to define the weaknesses, they can improve them or leave them if they cannot be helped. To the strengths, they can further enhance them like I keep mentioning earlier from previous topics. By doing these KPIs, one can focus their attention to what they are really good at. There are a lot KPIs around. To mention some, there are Revenue per client or RPC, Average Class Attendance or ACA, Client Retention Rate (CRR) and much, much more.
**LOOKING AT ATTRIBUTION MODELS**
Based on what I have researched over the internet, it says:
*“An attribution model is the rule, or set of rules, that determines how credit for sales and conversions is assigned to touch points in conversion paths. For example, the Last Interaction model in Analytics assigns 100% credit to the final touch points(i.e., clicks) that immediately precede sales or conversions.”*
Actually, there are no necessary right attribution models that anyone can follow according to their needs. It depends on a large of factors to consider and can scale very differently like according to how large is the website or platform audience is and more. An example of platform that uses attribution model is the infamous social medium in the world, the Facebook where it is true that we can use the said app for free but Facebook in return can get revenue or ROI via advertisement sales.
SEARCH ENGINE OPTIMIZATION
Another interesting and a bit techy part of Digital Marketing Strategy is called the Search Engine Optimization or SEO for short. Actually, there a lot more techy ones compared to SEO. The biggest search engine platform in the world is Google and as far as I know, one of the earliest platform was Yahoo. The major ones are Google, Yahoo and Bing. Think SEO as a very big market that can also be both global and local ones. Getting a good SEO strategy is very important part in having a solid Digital Marketing Strategy. The good thing about SEO is it can be very rewarding in the long run. Of course if done correctly. SEO is a very broad topic. There are 2 major types of SEO namely On-Page and Off-Page. Individuals and Business create their brand websites all over the world and there are thousands of niche or genre to choose from and the competition can be fierce. As long as your website is listed in the top 100 search especially in Google, you are getting a lot of traffic back to your website thus resulting goal conversions. Usually people click the top most results in the page 1 searches, have you ever wonder why? Simple answer, because people prefer to visit the first ones!
**HOW SEO WORKS**
SEO works in very complicated ways but it only has 1 single purpose, to make a certain website in top spot across search engines especially Google. It is like the website is getting voted as the most relevant search result when certain keywords are searched over the internet which is very important for businesses. SEO works in aiming to please the search engines by like creating unique contents inside the website, keyword diversification, ON-page enhancements like meta tags, titles, descriptions, and a lot more to mention.
**ESSENTIAL OPTIMIZATION TECHNIQUES**
To apply a good and get solid SEO results, one must apply the SEO essential optimization techniques. Now, there are a lot of SEO techniques to apply.
Some of them are:
• On-Page Optimization•Off-Page Optimization
• Keyword Research
• Keyword Diversification
• Google Analytics
• Creating Original Web Content
• Building high authority backlink networks
• Social Signals•Google Ad Marketing
• Pinging and Indexing
**CRAFTING A CONTENT STRATEGY**
We all know that in Digital Marketing especially in Selling Ads department, traffic is everything. Take note that I am talking about quality and not trash traffic. Traffic can get goal conversions. But how to get there? The content we make is the answer. It is crucial to a point that it will be the deciding factor whether the traffic a certain gets turn into conversions. Now, crafting a content is a good strategy for SEO. Just make sure that the content made is original and not copied from everywhere else. Google loves content and it will reward us SERPs or rankings.
**LEVERAGING LOCAL SEO**
Doing local SEO is a lot simpler than a global level but it has a lot of micro tasks to consider. To dominate the SEO locally for a certain website’s niche, there are some methods for leveraging local SEO like setting up a local citation, on-site optimization, getting social reviews like a Facebook reviews from recent visitors. Of course they must be positive, a negative review can result to less visits and conversions.
**CHOOSING TO HIRE A PROFESSIONAL**
Earlier, I mentioned seeking professional help on website creation can have advantages. The same is true with hiring a professional to do SEO for you, whether you want a local or global presence. Although, it can be quite expensive, at least you can be assured that the most tricky and techy parts of SEO. If someone can afford to hire an SEO professional, then it would be great plus for them. They can focus more on other vital things like content creation and doing engagements or interactions with the audiences.
SEARCH AND DISPLAY MARKETING
Another helpful digital marketing strategy to consider is the Search and Display marketing. Also note that these 2 shares the same idea of relying to ads or advertisements strategy to generate conversions but are done quite differently. People in nature like to do research first before deciding to what they want after they have done it. Search and display marketing can be in a form of pay-as-you-go method.
**INTRODUCTION TO SEARCH AND DISPLAY**
Search ads work only in search engines like Google when someone is trying to search for a certain keyword for a product, services or anything they want to search. The ads is included with the organic SEO results and they are highlighted as an Ad on top of the search. They have high chance of being clicked. Meanwhile, Display ads can be anywhere across the sites that are significant with your searched terms. I strongly believe not all search and display ads are the best searched results, they are just happened to pay for their placements and does not guarantee conversions. They get to be visited first and high in traffic.
**LAUNCH TEXT SEARCH ADS**
In order for your Search and Display Marketing to be successful and effective for conversions, one must do an intensive Keyword research first for the most searched and relevant terms in a monthly basis. Take note that those terms consider a high traffic volume per conversion rate. It is important to know the niche for the website you are in and the competition can be tough. If done correctly, when people launch their search terms over the search engines in the internet, there is a high chance that you can get impressions and will lead to conversions.
**LAUNCHING DISPLAY SEARCH ADS**
Launching display ads is just the same with launching search ads. They share the same mechanics but the display ads is a bit more micro intensive like you can setup what type of display that people can see like they can be in form of texts, short and quick video, GIF images or just static images. Most of the time, these type of search ads setup call-to-actions. Also, a person who launch search ads can set the customizations need like banner sizes, banner placements inside the websites, etc.
**DECIDING TO USE REMARKETING**
Remarketing is a method to interact with people who already made engagements previously to a website or platform within the scope of your search and display ads search campaigns you have m. It is a good practice and can be another helpful strategy for more conversions. It is like to say another level of strategy so deciding to use remarketing can be advantageous. The good thing about search and display ads is we can get the idea of the most engaged displays that people have made interactions with. From that, we can retarget them for more engagements.
**SUCCEEDING AT SEARCH AND DISPLAY MARKETING**
I already mentioned from the beginning of this topic that a successful search and display marketing can be a lot beneficial for a website or platform. If done correctly, the costs by this certain setup strategy can be exceeded by the profit returns because conversions have been made through the thorough search and display marketing. Whether the objectives of the website is to make profits or deliver services/messages as their conversions upon relying on the search and display marketing, it always benefit them regardless of the expenses because the marketing has been successful.
SOCIAL MEDIA MARKETING
Another digital marketing strategy that is easy, free, and famous all over the world is the Social Media Marketing. It is a strategy that relies the use within the social platforms like Facebook, Twitter and Instagram to create contents and interact to other users within the platform ecosystem. It is an effective and cheap digital marketing strategy for beginners and experts alike. The traffic from Social media marketing are legitimate and Google analytics categorized them as social signals that can boost conversions.
**BUILDING A SOCIAL MEDIA MARKETING PLAN**
In building a social media marketing plan, careful considerations should be considered such as the target audience age bracket, local or global listing, type of contents you are going to use as promotional tools for your website or business. It is equally important to carefully consider grow your audience for traffic and connections for retargeting. The possibilities are endless as there are a lot of different social platforms all over the internet that offer various ways of doing social marketing like Facebook pages, TikTok viral videos, LinkedIn professional connections, and Twitter hash-tagging impressions.
**WHO’S USING SOCIAL MEDIA?**
his questions is very self explanatory! Almost everybody is using the social media right now especially at this dire times of COVID-19 pandemic as Internet Service Providers’ demand for data has been exponentially increased. From a small kid age as early as 3 has already know how to use the internet and social media like Facebook to as old as 80 years old. Social Media has become one of the mainstream lately for digital marketing. Examples of this is online selling, Facebook community for specific topic like Yoga lovers. There are endless utilities for the use of Social media specially for online marketing. There is a huge and wide audience in social media. Take note that is diverse and broad.
**MARKETING WITH FACEBOOK**
Marketing with Facebook is easy, if you want to do organic free way of exposing your brand, you can setup a Facebook page providing all the necessary details of your business and information like contact number, address, email and more. You can also share this to your friends/followers. By joining same interest Facebook groups or communities, you can further interact to more audience. You can also buy Facebook Ad credits to boost your posts. Remember to create engaging post that people like. Facebook also allows hash-tagging and we can use it to our advantage.
**MARKETING WITH TWITTER**
Marketing with Twitter is a lot easier compared with Facebook. Its interface is much simpler in style yet more people in the world prefer to use Twitter platform in interacting with their followers. Twitter has limited number of character limits and utilize mostly the power of hash-tagging like # and $ symbols. One thing I love about Twitter is that you don’t have to have a large number of followers to get presence in the Twitter ecosystem. All thanks to the power of hash-tagging. Recent and hottest topics/trends are shown in Twitter profiles. Posts shown in Twitter feeds are specifically called “Tweets”.
**MARKETING WITH LINKEDIN**
Marketing with LinkedIn is quite different with Facebook and Twitter combined. It is a highly business oriented platform that aims to connect professionals and business. LinkedIn is same with Facebook which has a large number of character limit per post and also uses hash-tagging # symbol. For me, if I were to focus on making business connections with professionals all over the world, I will prefer to use LinkedIn in creating engaging posts.
**MARKETING WITH PINTEREST**
Marketing with Pinterest is a lot of fun. The Pinterest platform is more savvy. If I were to compare it with Instagram, the latter is stricter in terms of rules and guidelines. The Pinterest though has a declined number of users in the past years, it is still a good source of traffic for marketing strategies. The posts here are called Pins and they can be customized as well as the profiles. There are also a wide genre of niches to interact with as well as the user communities.
VIDEO MARKETING
One of the most popular and in demand mode of digital marketing is called the Video Marketing strategy. The widely used platform all over the world is YouTube for general public use whether for online tutorials/educations to live streaming like gaming, selling purposes and more. Video marketing has more audiences/subscribers and is more convenient than writing articles.
**THE IMPACT OF VIDEO MARKETING**
Video Marketing has a huge impact all over the world! All over the world, there are a lot of people succeeded in their digital marketing ventures throughout the aid of Video Marketing. Many a marketer has become rich just by mere making engaging videos that audience interacted. Now at this dire times of COVID-19 pandemic, more people are engaged in doing online activities than ever before. Lots of new business have solely relied the utility of Video marketing from across different markets whether trading, game live streaming, advertising and many others to mention.
**GETTING STARTED WITH VIDEO MARKETING**
There are a lot of ways to start with Video Marketing. Identify first the type of website/business and the competition you are in. Consider the type of audience you target for conversion. Now, choose what type of videos you are going to create like whether it will be you doing interactions like first-person talking or simple create a catchy yet engaging video animations for your website/business. Once your content is ready, you will make them live to various video platform sites like Youtube, Vimeo, Daily Motion, and Twitch. There is always a way to start something.
**CREATING COMPELLING CONTENT**
People hate boring videos and they even skip ads just less than 5 seconds they appeared. It is a must to create compelling content! People can skip or close the videos that they find boring just even before those videos started. One of the ways in creating compelling video contents are make your voice lively, don’t speak too low and slow. Create annotations or pop-ups inside the videos, appealing sounds that awake the senses of the listeners and from time to time put some mini cool animations on the screen. People in this way like to watch the videos.
**PROMOTING VIDEOS ON YOUTUBE**
As I said earlier, YouTube is one of the most popular, mainstream, and in demand Video platforms that people use all over the world. The number of users in this video platform is enormous! Think of it this way, some of the well-know YouTube celebrities/superstars have over a million subscribers and their total garnered views have reached as high as a billion view! Have you ever wondered why most of our favorite songs have reached at least a million view in YouTube alone? So creating videos for any business/website or anything we want to promote in YouTube can be rewarding.
**MEANINGFUL VIDEO MARKETING METRICS**
Earlier as well, I have mentioned website analytics. Now, the same is true with Videos. We can also get and track down some meaningful video marketing metrics like number of total views since video has been live, total subscribers, number of likes/dislikes, comments including negative ones, total average time of viewer stayed watching the videos and more. The video marketing metrics are very vital so that we can improve the areas in which the video performed poorly and enhance more with engaging ones. Retargeting can also be achieved once we get loyal subscribers/followers.
EMAIL MARKETING
One of the oldest and reliable way of online marketing foundations is the utilization of Email Marketing. It may sound a bit old-school but before Social Media and Video Platforms came to exist, the Email has been already there almost at the same time the Internet has been invented. One concrete example of Email Marketing that can be applied is search and compile strategy. We can search all over the internet for the 1% most wealthy people and organization and extract their emails to become our leads for our website/business. Like I said earlier, LinkedIn is a good social platform to get professional emails.
**UNDERSTANDING EMAIL MARKETING**
Email Marketing is not that hard to do. In fact, we just need to make a good template like composing a letter citing a greeting, who and what we are and our business/products/services offered. We make the list of emails to send from and that’s it. Easy right? But we must understand that sending emails to people make them feel hostile towards it. Most of the emails they received are sent to spam folders so we must be very careful to use the right platforms in sending out emails. We must be clear in our messages and avoiding promises, fancy schemes. We must be truthful.
**CREATING AN EMAIL MARKETING PLAN**
A careful plan is need for a successful email marketing. I have already laid out a simple strategy:
Create the list for all the people or institutions that you think can be potential leads for your website or business.
Get all their emails ready.
Use reliable email platform services that your list can trust like Gmail which I find more business oriented and acceptable to most people.
Compose a professional message template citing who and what you are, the business you are in, the products/services you offer.
Send them and wait for replies.
If no replies are expected, don’t send again. They may think it as a spam. Of course you can send another follow-up email but give it sometime like 1 week by telling them a thank you for receiving your email and understanding them for not responding.
Repeat the steps for another lists to send.
**TOOLS TO LAUNCH SUCCESSFUL CAMPAIGNS**
There are a lot of tools in Email Marketing Campaigns available for use over the internet. Some of these tools can be mass Emailer which sends email to lots of users at one time, Email Template/Format creator which help you make specific type of email like for business or in educational format, Email Optimizer which aid user in creating engaging contents inside your emails and much more. Take note that there are some paid versions that offer more features that lack on free ones. If purchasing them is required for the Email Marketing campaigns’ success, then by all means it will be necessary. As long as anybody can afford to do so for his/her website/business and it is a legitimate way.
**MEASURING THE SUCCESS OF EMAIL**
The measuring of success in Email Marketing is simple, the conversions made by doing it. Usually those are interested will respond and act your Call-To-Actions (CTAs) inside your Email message. That would be the deciding factor of the Success in Email Marketing once they act. Of course, we will not stop there once we have some conversions, do/find more and retarget your current responders for more success.
CONTENT MARKETING
Content Marketing is a broad term but to be specific this type of strategy relies more on the user’s ability of writing contents that are original and engaging. In fact, there are also people who prefer to read articles that give them useful information. Like the Email Marketing, Content Marketing strategy is also one of the oldest or primitive ways of Online Marketing since the invention of the Internet way back long ago. Until now, there are blog websites found over the internet like News, Sports, Feature, Celebrity, Technology, and much more!
**WHAT IS CONTENT MARKETING?**
Content Marketing is another Online Marketing Strategy that focus more on creating/generating articles inside the website’s contents. These articles must be written well, original and not copied in another sources over the Internet. The articles written must be related to the topic of your website. They can contain videos inside and images. Content Marketing targets specific audiences like bloggers and readers all over the world. There are just people who like to read and do them regularly from time to time like reading the Newspaper for information. Contents can be anything under the sun! From News to Sports, etc.
**CREATING A CONTENT PLANNING MODEL**
In creating a content, there must be a planned model to follow like:
A good and concise title.
Name of the Author for credits.
Good writing skills must be observed. Follow proper writing guidelines like if English is the Language used, observe proper Grammar and structure.
Use the right form of writing for the right niche/genre of your website. As an example for this, if you website is about News, do articles that are updated and fresh. Create a present-tense mode of writing. There are also feature, editorial, evergreen, general information writing and much more!
Add disclaimer if your articles are not Financial Advices. They are important because some people are mislead by the information the article provides.
Add good images and if they are from another source, use copyright guidelines to avoid complications. If videos are necessary, we may add them.By doing this at least can attract readers for your blog.
**SETTING UP A BLOG**
There are a lot of free blog website services available in the Internet like the Wordpress, Blogger, Wix and more. Setting up a blog is a part of your website that is dedicated to list all your articles into one place. It is a section where readers, new and experienced alike, go to for information. If purchasing a paid versions of blog website is necessary for more writing features, one may do so. Always remember to apply the right content planning models to achieve quality articles for conversions. Setting up a blog may be difficult and new users can find them techy. For this matter, they can hire professionals to do those tedious tasks for them.
MOBILE MARKETING
I highly suspect that not all people use PCs or Laptops. In fact, since the bloom and boom of smart phones in the early 2010s gave way for new and useful applications exclusive for mobile devices. To further explain my claims, there are just apps that won’t run in personal computers like the famous game all over the world “Mobile Legends: Bang Bang” or simply called “ML” by lots of loyal fans. We can find here a very successful mobile marketing done by the company behind the said game and we can get idea from it. The trend is not switch from corded devices to cordless. As an example for this, it is just like saying before we had Walkman's for listening to audios now we have wireless and wrist-watch sized audio devices that we can bring wherever we go. Mobile marketing is another easy of doing online strategy as simple of sending mass text messages to huge number of list. We can use the mass utility of the unlimited texts and calls services from network providers for our doing mobile marketing strategy. Never underestimate this old way.
**THE MOBILE MARKETING LANDSCAPE**
The mobile marketing landscape is very different than those from PCs and laptops. I would like to say that mobile interface in its own way has its own features nowhere to be found from conventional computers. For me, mobile marketing will continue to evolve, grow and boom more than it has been before! As we continue living in this digital crazed world, mobile marketing is promising. More people use mobiles up to date thus more applications can be developed. By saying this, mobile marketing will be the next big thing. Both “millenials” and the elders alike use mobile devices right now that new normal way of living is thriving from this pandemic plagued world.
**MOBILE APPLICATIONS**
Like I said earlier for this topic, there has been a rise usage of mobile applications all over the world. More developers continue to do research in making mobile applications that are convenient, fast, handy and most of all, fun especially for the younger generation. One example of the mobile applications being developed today is making the mobile phones as money/cash wallet. Have you not thrilled by it? It became so digital we just need our mobile phones to purchase/pay anything we need or want. It means the old ways are going to disappear sooner than we expect. So, mobile applications will be the next trend and in demand thing for Online Marketing Strategy.
EXPANDING YOUR DIGITAL MARKETING SKILLS
Since the beginning of this course material, I have mentioned a lot of digital marketing strategies that can be used and apply. But they are just few ways as the possibilities are endless in the Online Marketing world. It is good to acquire all those skills mentioned but stopping there is not enough. We have to explore for new things, we must not stop pursuing innovations. We keep improving the things that need developments. As we face challenges along the way, the satisfaction of expanding digital marketing skills is insatiable. Continue to discover for new online strategies, we can combine a mix of strategies together resulting for a new one giving results to a higher level.
**RUNNING A/B MARKETING TESTS**
Running A/B Marketing Tests is also know as Split Testing. All online marketing strategies that are mentioned in this course can be compared with each other. For example, to find out the best email marketing results, I can do two versions of them. Of course, I will use the same model plans like same content and lists to send but I will use two different approach/process. In this way, I can find which approach is better than the other. This method can be tiring but can be rewarding in the end because we can back-test the online marketing strategies which are the best and the worst performers.
**A LOOK INTO AFFILIATE MARKETING**
The last but not the least Online Marketing Foundation that I will discuss shortly is the Affiliate Marketing Strategy. Based on what I have learned, Affiliate Marketing is an indirect method of online marketing strategy in a sense that we don’t usually own the website/business, products or services we are promoting but from somebody else. A certain affiliate marketer gets rewards by driving traffic to the lead website/business that can turn into conversions/profits. There are a lot of successful Affiliate Marketers in the internet. One example of Affiliate Marketing is joining the Amazon bounty program. To do that, we setup our own blog or website or any online strategies we may think of in order to promote Amazon products. We get our own unique affiliate IDs in Amazon that we use in customizing contents inside our promotions towards the contents of our website or blog. Affiliate Marketing to me is a hybrid method of online marketing where all other strategies can be applied together. In short, we are helping others in Affiliate Marketing.
INFLUENCER MARKETING
Influencer Marketing is another form of Social Media Marketing that is aided by a social influencer in a certain social media platform. A social influencer is a person that is expert in creating engagements in a social media. He/she makes positive reviews over a specific products or services that may positively affect its value among other people. Their critical approaches may affect how the community reacts. In influencer marketing, we can observe persuasive type of endorsements and aggressive style of advertising.
**INTRODUCTION TO INFLUENCER MARKETING**
Another helpful online foundation strategy to consider or can be used is the Influencer marketing strategy. It is commonly seen in the social media community. One concrete example of Influencer marketing we can see all over the Social media platforms are well-know brands hiring famous Celebrities to endorse their products or services. I find this strategy to be expensive and good for short-term goals of generating conversions.
**FINDING AND ENGAGING INFLUENCES**
It is easy to find the most engaged influences in the social media stream. Sometimes, those viral posts we find can be good source for an influencer marketing strategy. We may ask the certain persons or groups involved to do influencer marketing on our behalf at the expense of paying for their services. Of course, there will be always talent fees as a payment for their efforts on making advertisements for someone’s website or products.
CLOSING THOUGHTS
Overall, all the online foundations mentioned in this course are in their own ways helpful. But there are also risks that cannot be avoided even in doing Online Marketing promotions. As long as we know what to do, carefully laying out the plans for the right strategy models, we can minimize the risks and leverage the conversion results. Just do our best in making the best online marketing strategy we want to be in. Always remember to be positive and love the online marketing strategy you want to use. Be the best digital strategist you can be! Sky is the limit.
Thank you for reading until the end of my article!
I do hope you have learned something new with your stay. Please feel free to share your comments and corrections below. I definitely appreciate it a lot if you do so!
May the LORD Almighty God the Father protect you and your entire family through the precious blood of His Son Jesus Christ our LORD always.
God bless...
XRP Enters Tank Mode!
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.**
*Images courtesy of* *kym-cdn.com* *and* *xrpvi.be* http://kym-cdn.com/ https://www.xrpvi.be/
I have been closely following XRP price lately since it has initiated its latest price pump last October 4, 2020 which I keep on mentioning in my recent articles.
Overall, the price of XRP in the last 2 months, that is from August and September combined, has been on a free-fall and in sideways. Noting a special mention in the month of September alone dropping at least 5 heavy sell-offs in the XRPUSD price chart.
I strongly believe that analyzing and reading the trading charts not only in crypto markets like XRP as well as the rest of the world markets like the stocks, indices, commodities, precious metals and more are detrimental or extremely crucial as prices in the markets are very volatile.
We must at all cost preserve our capital and minimize inevitable losses than pursuing profits. Although every trader aims to make profits but the latter I mentioned is more important. Charts are our friends; they can tell a lot of things like the price movements and volatility which I prefer by reading daily candles. I like to read intraday candles as my day-to-day basis in analyzing what might happen in the XRPUSD price in the upcoming trading sessions.
No matter how strong the fundamental news around, the hard fact is it will not guarantee or secure the prices may go up. Like in the case of XRP as an example which I did all the needed research I could, but honestly, things are not going according to plan. The price of XRP is still trading around 0.24 cent level from the time of writing this article which is a big joke for me if we compare it from its previous and only all-time high price at $3.84 last January 4, 2018. It is only 6.25% not even close to 10% compared to most other Cryptocurrencies like the King coin Bitcoin which is at least right now sitting above 50% below from its all-time high.
In general, the global sentiments for Ripple Lab’s native cryptocurrency are mixed with lots of controversies to mention.
**XRP is tanking**
When I use the word “tank”, I describe it like the literal tank we see in war movies which slowly moving, holding its feet on the ground. Tanking for me is just like a price consolidation where the trading prices and volumes are closely trading with minimal volatility when we try to see the resistances and supports playing with each other. Spreads are getting narrower which is a good indicator of a tanked price.
Amidst XRP price may plunge anytime below the 200-day SMA at 0.22300+ cent level, I cannot deny the XRPUSD statistics today. It is very trading in a close-tight range with minimal price volatility.
It is on a tank mode as volatility price ranges are squeezing tightly:
**· Near-term resistance barrier at 0.26+ cent level**
**· Near-term support line at 0.23200 which if things go unwell, sell-offs may go deeper into the last wall of defense on the 200-day SMA.**
Few months ago, this near-term support level which is at 0.23+ cents is the resistance. Right now it became the much needed support. So these price rejections at 0.26 cent level must be broken and hopefully turn into a support. Once this happens, XRPUSD next price stop will be the 0.32+ cents level which is the hard resistance on XRPUSD most bullish month run July 2020 if we try to review the said month's price actions.
If ever things turn ugly for the XRP price hitting below the last support line in the 200-day SMA, then sorry folks, I will make an exit for all my XRP holdings. I just cannot bear more beatings below that as I am only poor average Joe like everyone else.
**XRP must make a fresh rally to the upside**
XRP always follow Bitcoin’s price action shadows. If BTC price go up, XRP will go up too as well as the other alt-coins in the crypto markets. The reversal in Bitcoin’s price is also true for XRP’s price movement case. Bitcoins is of course a lot more valuable than XRP in plain truth.
To close out this article, I speculate that buyers must continue to push XRP’s higher again for a fresh re-test on the 0.26 cent resistance. Like I have mentioned in my previous articles, over and over the rejections are overwhelming on this price level which exhausted the XRP buyers. The last 3 dates from October 14 to 16, 2020 sell-offs are not lying to the teeth.
We will see what will happen as I strongly believe that XRP has still something left in its sleeves. Who knows, we may be seeing a fresh rally as we go ahead over Monday when the normal world markets re-open.
XRP must go on with the show. Prove your internet-of-value worth to the world!
https://youtu.be/DL7-CKirWZE
Once again, please read very closely my disclaimer above.
Wherever you are in the world right now, I pray that Almighty God the Father protect you and your family always through the blood of His Son Jesus Christ our LORD.
I do hope you have enjoyed reading this article. Please free to comments for any corrections you may find.
God bless and stay safe! :-)
XRP Buyers Exhausted After Ripple Swell Event – Price Manipulation?
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.**
*Images courtesy of* *cointelegraph.com* *and* *filmdaily.co* https://cointelegraph.com/ https://filmdaily.co/
Ripple Swell events in the past usually drove XRPUSD prices higher but this year’s doing the opposite. Overall, the outcome of Ripple Swell 2020 is promising with CEO Garlinghouse pointing all he can the amassed utility for XRP and ODL (on-demand-liquidity) have to offer especially for cross border settlements.
First of all, congratulations to all who shorted the XRP! I hope you have enjoyed your profits. :-(
https://youtu.be/Bz0Sscke9z4
I know the fundamentals on XRP right now are way too strong but how come we are seeing a 2-day bearish momentum for XRPUSD price action? We all know as well that the US presidential election has still some weeks left and stimulus is on hold per Trump’s executive orders.
Are we seeing comeback for the US dollar? I have a feeling that XRP buyers are exhausted a lot. We will have a look at the charts to see what really is happening. The charts always give answers on how the markets are feeling at the moment. Technical indicators most of the time would not dare to lie on how the markets are trending as well as the traders’ sentiments over recent fundamental news. In the case of hyper prices volatility cases like a sudden panic selling by traders because of recent lockdowns by on-going COVID19 havocs like we have seen last March 2020, charts can be wrong too. I know it sounds peculiar but at least we have charts to base what is going on.
This article that I am writing now serves as a quick general technical analysis for the XRPUSD price action especially to all XRP traders/hodlers like me.
Before I proceed, please remember to read my disclaimer above again for this is not a financial advice and whatever I claim here regarding the current XRPUSD price would not always follow a recommendation. I am just trying to picture out for myself and to any potential readers what will happen in the next trading days.
**The Resistance Exhausted The XRP Buyers**
The 0.26 cent resistance line has been giving a lot of frustrations on the XRP buyers as everytime they pushed the price near that line, auto rejections followed right after! They have tried at least. :-(
It has become a hostile ground since September 5, 2020 up to now. So hostile that it rejected the 0.26 cent price level literally 7 times if we take a look at the daily candles.
**2 Crucial Lines Of Defense Have Been Broken Down**
The first near term support that is broken down and I like to spotlight is the 100-day SMA at 0.25100+ level while the second support in casualty is the 50-day SMA at 0.24800+ level. Both supports can no longer hold the selling pressures made and dictated by the angry bears as they want more!
**One Last Crucial Support Left That Can Be Game-Changing For XRP’s Much Needed Uptrend To 0.30 cents**
The last man standing and an extremely crucial support that I am seeing right now is the 200-day SMA where all the hopes are left behind. When I say that it is a very crucial support, I mean it. Once it cannot hold anymore, the downward trend will plummet more deeply! But in the case it will hold, and then a game-changing pace will prevail as buyers can potentially drive XRPUSD price to 0.30 cents. I can see right now that there has been an overbought signal on XRP’s price action. Maybe investors and traders are not that convinced much in the recent Ripple Swell event.
**COVID19 To Blame Again?**
I frankly want to say that this pesky Coronavirus pandemic can be one of the factors for the ongoing onslaught not only for the XRPUSD but for most of the markets like Commodities, Indices and FOREX alike. You can try to view it yourself right now and you will know what I mean. I am reading news headlines regarding recent new lockdowns. One example is in the United Kingdom.
**Is It A Comeback For The US Dollar?**
Only time will tell. All I can say for now is if we read similar "hearsays" online, I suggest that we wait for the US election results and the outcome on the US Government stimulus. It is true that the greenback is making a short term comebacks at the moment of writing this article.
**My Speculations For The XRPUSD Price In The Coming Days**
I will continue to hold my XRPUSD long positions despite we are looking for a continued imminent selling pressures. There are only two reasons to defend my holding:
The overall fundamental news analysis for the XRP is way too strong to ignore! Prices can go up anytime. I have done my research and one of those is that, there is an increase number of XRP whales in the last days.
The upcoming XRP’s fork Spark tokens airdrop on December 12, 2020 cannot be ignored. This is a vital snapshot for I strongly speculate as the said date goes nearer and nearer, XRP demand will substantially increase hence making its price surge.
You may read my recent article about details on how I view the upcoming XRP utility fork:
https://read.cash/@rafaelken1989/upcoming-xrps-friendly-utility-fork-spark-tokens-airdrop-will-be-explosive-5a9940d7
In case if all my claims here go wrong then I will have myself to blame of not selling my XRP early.
Once again, thanks a lot for reading this article till the end.
As always, please take care and do utmost precautions in these dire times of pandemic.
May the LORD Almighty God protect you and your whole family!
Upcoming XRP's Friendly Utility Fork Spark Tokens Airdrop Will Be Explosive!
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.**
*Images courtesy of* *asiatimes.com**,* *cryptoonliner.com* *and* *digitaloceanspaces.com* https://asiatimes.com/ https://cryptoonliner.com/ https://www.digitalocean.com/
The snapshot date for XRP’s friendly utility tokens airdrop is preliminary set this coming December 12, 2020. That is around 2 months left to go as more and more people buy XRP in the hopes of getting their own shares of Spark tokens.
Read my previous article regarding the upcoming airdrop:
https://read.cash/@rafaelken1989/xrpeth-combine-and-conquer-mission-by-flare-network-ded49249
Bitcoin and Ethereum had their own versions of hard forks namely Bitcoin Cash and Ethereum classic that are hostile. They completely work in entirely different network and against with each other. Meanwhile, XRP’s own fork will be different as it will be a friendly one. It is called Spark because it literally creates a “spark” or ignites an additional utility power to the already internet-of-value cryptocurrency which is the XRP. Also, note that as far as I know it will be abbreviated or short-named as FXRP.
The company that is behind XRP’s friendly token is the Flare Network which is closely working with the continued developments for the XRP ledger. Since Flare Network’s announcement has been made regarding how to setup non-custodial wallets to claim the airdrop 1:1 ratio on XUMM wallets and nano ledgers, a rapid rise in XRP wallets has been spotted in the XRP ledger as well as the participating exchanges like Bitrue and Uphold. I expect that there will be more participating exchanges and platforms as the snapshot date comes to a close. They would not dare miss the upcoming airdrop share. XRP holders that put their precious cross-border-settlements tokens to the custodial exchanges will likely force them to join.
For more information on how to setup XUMM wallet to claim Spark tokens airdrop, check my other article:
https://read.cash/@rafaelken1989/claim-spark-tokens-airdrop-using-xumm-mobile-app-as-a-non-custodial-xrp-wallet-35180454
On the other hand, one of the major co-founder/co-creator of the XRP, we all know who he is folks, it’s no other than XLM owner Jed McCaleb is banned from claiming his airdrop share for a sole reason that he carries a lot of XRP and would definitely be unfair!
Find out why I dubbed him as Ex-XRP Superstar:
https://read.cash/@rafaelken1989/jed-mccaleb-ex-xrp-superstar-4f2263f5
Now I am going to talk why I have mentioned in my title that this so called Spark tokens will be explosive for multiple reasons:
• It will drive the XRP price higher and higher as upcoming snapshot date goes nearer and nearer. More people will FOMO this event. People also are greedy in nature especially when it talks about money. This is one of those.
• The Spark is not only a separate cryptocurrency with its own value, price, and purpose but will also add smart contract power to XRP! Think of it as a especial utility bridge token that will bring XRP and Ethereum in harmony despite these 2 cryptos working in 2 different ecosystems. We should thank a lot for the Flare Network’s efforts in making this possible.
• The Spark tokens total supply or availability will be biased based on the Airdrop claims alone. Remember there is a strong possibility of 1:1 ratio for XRP to Spark and yet I have researched that there could be more. Yikes! So no more no less, any unclaimed Sparks are burned. Boom! They are gone forever.
• XRP will get into DeFi mode! That’s beast mode!
To know what is DeFi, read my article about it:
https://read.cash/@rafaelken1989/defi-for-dummies-my-simplified-explanation-in-a-nutshell-a73b6249
That is all I can say for now friends. To sum it up, these pieces of information we get here regarding the XRP’s friendly utility fork airdrop tokens is very bullish, bullish, and bullish news!
I may talk all wrong so please feel free to correct me via comments. I will definitely appreciate and like them if you do.
So, as always, take care and be safe wherever you are right now in the world.
Thanks a lot for reading and God bless!
Ripple XRP’s Realistic Ambitious Goal – A Total Global Micropayments Domination!
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.**
*Images courtesy of* *shutterstock.com**,* *xrpworldcurrency.com* *and* *zobj.net* https://image.shutterstock.com/ https://xrpworldcurrency.com/ https://fsb.zobj.net/
Let us be honest. We are now living in a COVID-19 pandemic plagued world where a new era was born. We have seen a lot of new normal ways of living from the way how we buy necessities like food, medicine, etc. Most regular mode of learning in schools has been shut down and students stayed at home for modular and online learning. A lot of companies cut off expenses resulting to heavy unemployment rate thus more people are jobless. Turmoil across the world! Governments have made their ways helping their citizens through stimulus like financial aids and raising job openings but still are not enough to relieve the stress that this pandemic resulted.
Are we all done folks? Not yet, not yet over. The time has just started and there are just some hope remains at least for all people and institutions all over the world. Hope is one of the aspects that drive people to continue surviving despites all odds might go against them.
The world we once knew before has evolved as technologies soared to new heights. Are you excited to read some more? I am just getting started with my article so please fasten your seat belts for just in a moment I will talk about what I am seeing will happen in the near future, let us say 3-5 years from now if we continue living behind the coronavirus dark curtains. This is not the first time the world suffered pandemics like the COVID-19. Who can forget the infamous Spanish Influenza in the mid-1930s that killed millions of people at least all over the world! But it ended, so we must all be hopeful that the same thing will happen as well for the coronavirus as it already entered its 10th month wreaking havoc.
Alright, I am now going to discuss my main point of writing this article. There is a case study that has researched cash, especially in the forms of bills, can carry virus and bacteria for some period of time. I highly suspected that this could have aided the rapid coronavirus spread in global scale. Well, we all know that physical money is indeed very dirty.
To read more about how could it might happen, check my previous article below:
https://read.cash/@rafaelken1989/cash-bills-and-coins-could-have-aid-the-rapid-spread-of-covid-19-virus-3b279a13
Take note that I am not creating nor supporting any conspiracy theories here and all this are my own personal views.
This is where cryptocurrencies shine their lights especially the Ripplelab’s native cryptocurrency in their XRapid technolody the **XRP** and some other people who like or dislike cryptos call it simply **Ripple**.
Since its inception way back 2012, XRP’s sole purpose is to make crossborder payment settlements faster, cheap, reliable, decentralized even the Banking financial institutions are using it to make payments with their partners in global scale. We are talking about how XRP can move money literally across anywhere in the world in seconds. Have you ever wondered why it takes a lot of time to send money abroad and costs so expensive? Ironically speaking, hello we are living in almost 5G network of internet data and oh goodness why money transactions are behind! It should be a priority and that’s how Ripplelab’s company has envisioned the global payments should be. In seconds like sending email, period! No drama.
On the other hand, XRP is way eco-friendlier and at least help our dying, suffocating world unlike Bitcoin which requires a monstrous amount of power to be mined into creation. Nonetheless why it is so expensive to produce and valued tremendously like the gold.
To cite out the major differences of XRP and BTC, read my other article:
https://read.cash/@rafaelken1989/xrp-vs-bitcoin-which-is-the-best-cryptocurrency-d58afc8b
I am not trying to point out that holding Bitcoin is wrong even its original goal from its whitepaper is to solve money inflation, it’s another way of saying it is working off and away from the bank which are corrupt after the wake of 2008 Financial Crisis. But let us talk real here, Banks are here to stay and XRP is working in harmony with the banks and the people. I can also say that XRP is a bridge currency now that Central Banks across the world are racing their way into creating their own Digital Versions of their fiat currencies. Only time will tell.
I am not trying to promote XRP and to make it price go up by making this article here. I am trying to say that I am pointing on how I am seeing the future of payments which will happen sooner than 80% of all people in the world will happen. I have done my own research folks! It took at least 11 years for Jeff Bezos’s Amazon to dominate his chosen industry globally.
**The end game is where we are heading and what matters most**. It is not how the game that XRP has chosen to join into, it is how it will close the game out. I will not disclose how XRP will win the end game like chess mating its opponent. It’s the **micropayments.** That is it, why? Because of XRP’s transaction speed and almost free transaction cost. Does a regular 0.000012 XRP fee bothers anyone? I think no.
There are a total of 100 Billion XRP in supply and at the moment 60%+ are locked up in escrow accounts and only around 40% in circulation all over the world. It’s the fastest cryptocurrency in the world, it’s efficient, reliable, error-free, and scalable like VISA for it can handle 1500+ transactions per second. Who in the right mind will use Bitcoin to pay your restaurant bills where fast-pace transactions are demanded?
Even though is XRP is damn cheap right now sitting around 25 cents apiece, it does not matter to me. I know its market capitalization will burst once adoption will happened especially once crypto regulation is out! From that time, I can see the mass utility of XRP usage, from paying bills, buying stuff online, and sending money abroad, place a bet in sports and more and more. Endless possibilities of micropayments!
Let XRP take its time. I know there is a time for everything. Ripplelab’s company has continued making their partnerships with different institutions all over the world. I heard rumors like Apple and Amazon partnerships so from that crazy speculations alone, the micropayments will be in the hands of the XRP. To close out this article, I am not seeing a 25 cents, 1 dollar, 10 dollar nor 100 dollar XRP if all things are ready for XRP’s mass adoption globally.
Hope you enjoyed reading this lengthy article.
As always, stay safe wherever you are right now and God bless!
Cheers! XRP to the moon… :-)
An Overbought Bitcoin May Drive Imminent Altcoin Corrections Except XRP
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.**
*Image courtesy of* *coingape.com* *and* *cryptopolitan.com* https://coingape.com/ https://www.cryptopolitan.com/
Hello again! Wherever you are right now, I wish you a very good Monday from here and praying you and your whole family are safe throughout the continued COVID-19 virus pandemic.
I have been so busy with my main work last week so I have only been doing few articles lately but I have to update you all regarding what I am seeing this week ahead for the Crypto markets price action.
I only watch BTCUSD as my main marker for my XRPUSD trades.
I keep mentioning these 2 are very correlated to a high degree! I both hodl these 2 crypto coins and I love them both. Bitcoin is a precious store of value like gold to me while the XRP is a useful utility like the internet which I use everyday.
So today I am writing this article to continue watching the XRPUSD price action as we enter the 2nd week of October 2020. There are a lot of positive fundamental news going on since the crypto markets have entered its last and the 4th quarter trading season for 2020.
I have been watching a close eye on the BTCUSD price action as well, we have seen it lately breaking the **11,000** USD barrier and skyrocketed as high as **11,496.06 per BTC** over the weekend last October 10, 2020 only to see it corrected back to the 11,300+ zone levels.
*Image courtesy of* *tradingview.com* https://www.tradingview.com/
I have to be honest, the Bitcoin trading price is **OVERBOUGHT** in the last 3 trading days in crypto markets which I depict an imminent price correction may soon follow based on my personal technical analysis.
I am quite concerned because we all know that Bitcoin is still King and 100% of the time its price action always trigger ripple effects like water waves on most of altcoins in the crypto markets. Although I admit I might be wrong but it's very imminent to see it right now for the shorterm profit taking point of view.
To backup my claims, let me show you the XRPUSD's price action chart during its July month's bull run where we saw a hard Bitcoin reversal in effect which I have been mentioning a lot on my previous articles.
See image below:
*Image courtesy of* *tradingview.com* https://www.tradingview.com/
I can't disclose the details of what happened here. Just to summarize what happened on this fateful day, XRPUSD hit the 0.32 cent mark only to be corrected, of course in the hard way, after BTCUSD at the same time have been in reverse as well!
Look closely both charts above, they are **OVERBOUGHT**!
I have been using a very special trading technical indicator to personalized all my views.
So, let's move forward for this week ahead. Like I said earlier, I see the Bitcoin price action indicating a heavily overbought zones, which lots of resistance to the upside as the buyers trying to force the price up only for the greedy shorterm profit takers setting up their sell signals. And that's scary!
I am suspecting lots of people are rushing their tickets way into the Bitcoin and that's one of the reasons of its skyrocketed price. And that's scares me a lot as too many investors may lose specially the leveraged/marginal tradings.
But I will be honest too, XRPUSD will not be heavily affected if corrections occur anytime because I am seeing a very strong technical impulse on its price action in the last 7 days.
*Image courtesy of* *tradingview.com* https://www.tradingview.com/
It recently found its support on the 50-day SMA at 0.25 cent level and its volatility meter is decent compared with Bitcoin. **This said support right now is very crucial!**
If we try look closely over the entire XRPUSD chart since the start, right now it just started it's bull cycle! Yes, you heard it correctly, XRP has been on a downtrend for a time and it recently broke its downtrend resistance and of course by saying this XRPUSD is pushing ahead to the upside with fashion!
It has been already 1 week after we've seen XRP's latest pump, and to me it's like making a ladder all the way up. Who knows what Ripple's native currency has in store for the remaining days of the 4th quarter trading season for 2020. I am just all hyped right now and biased to say that's XRP is indeed, very, very bullish! ;-)
I know that crypto trading in this type of markets is very risky knowing how crazy the prices may go down or up anytime. But volatility can be also our friend and lesser enemy if we know how to read those charts in advance and being smart when to plunge in.
Please, please do read my disclaimer above!
That's all for today. Once again, thank you for reading this article till the end. I appreciate to get some comments or corrections so please feel free to let me know.
Cheers! God bless and stay safe!
My XRPUSD Near Term Price Action Technical Analysis for the trading week ahead
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.**
*Image courtesy of* *tradingview.com* https://www.tradingview.com/
Good day to all crypto enthusiasts, lovers, fans, traders, whatever you want to call yourself. As long as your in love with cryptocurrencies and the technology plus innovation they brought into our ever-changing world, I salute you loud and clear!
As a both XRP hodler and trader, I always do a lot of intensive personal research for the fundamental side especially the news on Ripple's XRP. Adding that, I also keep an eye on the Bitcoin's price action charts and news as well. I strongly believe that Bitcoin and XRP are very correlated to each other in the trading world.
Of course, to all starting, intermediate and veteran traders across all kinds of trading instruments in the world, reading charts is an edge. It is like saying, if we know how to read charts, we can never lose the trading battle. ;-)
Today, I want to share my technical analysis based on the chart indicators I have chosen and express my thoughts on the upcoming trading week ahead for the XRPUSD's price actions.
We saw a fresh 14-day pump last Sunday, that's October 4, 2020 for the XRPUSD.
You may read my previous article taking about that pump here:
https://read.cash/@rafaelken1989/xrps-14-day-fresh-pump-c202cacf
I was so amazed by it when I woke up and saw the charts! Come on man, when I say 14 days, I meant that the XRP's last green close was on September 19, 2020 closing **0.25111** cents.
If we try to see the chart above, from that period September 19 - October 4, 2020, we can see that everytime XRP hits the 0.25 cent level, it immediately corrected and worst, went to the downside and sideways.
Now let's continue. I want to highlights the key important personalized technical analysis that I am seeing that might affect XRPUSD price action for this week.
**Number 1:**
XRPUSD chart as of my time of writing is getting a lot sexier since the start of its fresh pump last Sunday. To those who think these are pumps and coming dumps ahead, think again! The 0.24800-0.25000 has now become a support in near term! :-)
**Number 2:**
I'm not done yet, just take a look on the chart below. A 2 similar bullish patterns I have spotted for the XRPUSD mini bull runs from July and October be like! ;-)
Fasten seatbelts we are going to the upside!
**Number 3:**
Based on how I read my own chart patterns for the daily XRPUSD trades in the last 20 day average, its price action overall has been consolidating and in sideways. So it's enough for an upside run!
So, to close out my closing thoughts. I am expecting for the **BULLISH RUN** for the XRPUSD this entire week! But in order for the XRP to do that, it must break every near term resistances one by one. With that saying, XRPUSD price right now is trading at 0.25 cents level, so it will break 0.26 then being corrected for some short-term profits. Of course, drawdowns are normal. Every trading instrument has that! So that's it. It's just like a rinse and repeat procedure. XRPUSD will break new resistances, then being corrected and form crucial supports. The cycle goes on and on and that will become a bull run. I am convinced by it seeing the charts of XRPUSD right now.
I am reminding my readers that this article does not intend to give a financial advice based on my personalized claims for the XRPUSD trade here. Please do read again my disclaimer above! I beg of you. :-(
I wish you all a good day ahead of you and as always, take care and God speed!
XRP's 14-day Fresh Pump!
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.**
*Image courtesy of* *crypto-news-flash.com* https://www.crypto-news-flash.com/
It has been a while since we have seen an XRP pump and this time it's pumping hard! Really hard. It's like XRP is saying "**enough is enough**"!
Whenever I see XRP pumps like this one, I would not miss to write about it! It is a must for me to share my thoughts and speculations! ;-)
Just out this morning when I woke up, I have read a very, very bullish XRP yet healthy news.
Read it here:
**Two Fraud Allegations Against Ripple Dropped As XRP Lawsuit Moves Forward** https://dailyhodl.com/2020/10/04/two-fraud-allegations-against-payments-startup-ripple-dropped-as-xrp-lawsuit-moves-forward/
So to sum it up, 2 lawsuits against XRP as a security has been dropped out. That's awesome! Isn't it? Through the years, XRP has been facing a lot of controversies. So taking down one of those is a breather.
The last time when XRP pumped really hard was on August 3, 2020 and from that moment on its price action went to a free-fall and sideways.
During on the dips, I have bought more XRP because I saw it as a chance!
In fact, XRPUSD is the biggest mover at the time of writing this article. It edges Bitcoin by a hefty margin.
From my July 16, 2020 XRPUSD long position's point of view, XRP's highest high was last August 17 hitting **0.32911** just **0.00089** of a shy for 0.33 cents!
So from a technical standpoint, XRPUSD must continue its current pumping and break above 0.32000 cent level in order to reach a fresh 100-day high. Who knows we might be able to see an exciting bull run for the XRP before the year 2020 ends.
I am speculating that XRP will surpass 0.30 cent level this week as the crossborder settlement cryptocurrency is gaining favors from Central Banks. Based on my own research, one of Ripplelabs newest partnership list is the company called **TransferWise US** but until the said financial institution sees a majority of banks using RippleNet payment technology then they will wait for its adoption.
But this news doesn't really bother me a lot honestly because it will not affect nor deny the fact that XRP is going to dominate the cryptocurrencies including Bitcoin sooner than we think as we are heading for the crypto regulation sooner and sooner.
Just a matter of time folks. So think twice and very carefully if you hodl **Bitcoin** and **Ethereum**.
I highly suspect that when XRPUSD price enters 0.32 cent territory, there will be a massive buying-ins! Why? Simple answer, it's **FOMO** or Fear-Of-Missing-Out. ;-)
*Image courtesy of* *i.pinimg.com* https://i.pinimg.com/
So once again, **PLEASE DO READ MY DISCLAIMER ABOVE!**
Thank you so much for reading my article! I hope you have enjoyed it.
Stay safe and God speed.
DeFi for Dummies - My Simplified Explanation In A Nutshell
**DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.**
Flyday Friday today! I am wishing each and everyone of you a very great day wherever you are in the world right now.
The topic that came into my head today is all about this hot trend right now. Almost every crypto enthusiast wants to join this popular money craze! As the popular saying goes, "**when money talks everybody listens**."
But I am not the type of person that immediately jumps into the train just seeing everybody is doing it. It doesn't mean that when everyone is doing it, it is right. I like Martin Luther's saying, "**God plus you is a majority**."
What I do is this, research first and research again. ;-)
If you still don't get it, then repeat until you finally grasp the idea.
Let's move on. I am talking about the frenzy trend lately called **Decentralized Finance** or simply abbreviated as the **DeFi**.
I am not going to write an another mind-boggling article explaining the details about it like we are seeing over the internet and on YouTube videos. I know that you are tired of endless reading and researching like I do. ;-)
I am just going to write simply and plainly in layman's point of view about the DeFi thing.
So sit back, relax and let me entertain you with my creative yet informative writing.
Are you ready? Let's get it on!
**What is DeFi?**
As I mentioned earlier, it is the short name for Decentralized Finance and can be in forms of decentralized applications or currencies. When I say decentralized, it means no entities nor individuals that control them.
DeFi is exactly the opposite of the Centralized Finance system or the traditional, old-school style, out-dated system that the world is using right now.
**Are DeFi cryptocurrencies?**
My answer is YES and NO.
Yes, like I said and based on my research, they can be in form of digital assets. One example of DeFi cryptocurrencies are DAI stablecoins and Uniswap smart contract coins.
**What are the DeFi components?**
There are 3 building components of the DeFi system:
• **Cryptography**
• **Blockchain**
• **Smart Contracts** - special mention here, this is the main building block where Ethereum ecosystem shows up as the rising star of the DeFi applications. It is solely because Ethereum is the most developed ecosystem to create smart contracts. Self-explanatory on point, if Bitcoin is the pioneer of all cryptocurrencies so Ethereum is the foundation of all smart contracts inspired cryptocurrencies, ecosystems and applications. Period.
In fact most DeFi apps are built with the Ethereum ecosystem!
**How money is being made when using DeFi?**
Okay this is where the real deal is, remember this first:
"**One must put money in order to make money**."
Sons and daughters, there is no such thing as free money even in the DeFi!
Now I will cite an example. Please pay attention closely so that you will get the insights.
Suppose "Joe" wants to start up a retail commodity business. The first thing he needs is some capital. So what Joe does is he will go to a local bank in his place, he discuss what he wants to the bank's representative. He wants to borrow some money as his capital. In short, Joe is applying for a loan. Now, do you think the banker just automatically approve Joe's loan request. No! Yes you are right, nice thinking! I like that.
The banker will thoroughly ask Joe for a collateral, it means if things go wrong, how can Joe pay back the loan with interest that he agrees with the bank? So Joe will give some of his assets as collateral. They can be his car, his land with title, his home, or anything that bank sees with value.
So they agree, Bank is happy because Joe has collateral to back him up for his loan. And Joe is happier because he has the loan now that he wants. Of course Joe will pay interest rates as part of their agreement. etc, etc.
This is the example of a traditional Centralized Finance system in action.
Now this same thing applies for DeFi as well. The good thing about DeFi system is they are decentralized, easy folks. In short, the DeFi system will only look into a crypto enthusiast digital assets.
If a person wants to earn some bucks by lending his Ethereum coins to a DeFi system of his choice, he will send those ETH to them. Given the fact that he trusts them. This action is called "**Staking**". It is one of many ways to earn money from joining DeFi systems.
The good thing about DeFi is they will give higher interest rates (higher payout returns) VS any the traditional banks/financial institutions can offer.
But, there is a big "but". There are risks, yes there are always even joining DeFi. That is the hard truth, risks in DeFi are unavoidable because they are 100% most of the time correlated with cryptocurrencies and we all know that digital assets prices are highly volatile. With that being said, prices can go down anytime and can go down even lower. I just wish the prices just go up all the way and that would not be an issue at all!
**Let us do some simple flowchart to understand the risks found on DeFi:**
*Your money in US dollars purchased Ethereum coins (take note of the original value in US dollars) -> You stake your purchased Ethereum coins into a DeFi system of your choice (You swap ETH to Uni coins where the famous* ***swap*** *term comes from) -> If prices of the DeFi Uniswap coins go high then you earn/gain profits, if prices go down, the reverse will occur -> After the DeFi Staking period is complete, you swap back the Uni coins into ETH then sell ETH back to US dollars ->check your final money converted into US dollars if you have made some gains or losses.*
**What are my personal views on DeFi?**
I view DeFi like the rest of crypto assets along my XRP holdings as a **bubble**. When I say bubble, there is no guarantee that I can make some profits and like I mentioned above, risks are inevitable/unavoidable.
Read again my disclaimer above!
So that's it. I already cited a concrete example of DeFi application VS CeFi (Centralized Finance).
I hope you have learned some information about DeFi.
Thanks a lot for reading until the end!
God bless and God speed!
@rafaelken1989
