Trade ether for btc
Aug 12, · For most of the readers of this blog, leveraged trading / speculating presents a more interesting way to trade Ether. With the exception of Bitcoin and Litecoin, leveraged or derivatives trading on altcoins was not possible. BitMEX recognised that Bitcoin traders would like to speculate on Ether with leverage and using only Bitcoin as aicrypto4.de: Arthur Hayes. STEP 1: Select the coins ETH in the left dropdown and BTC in the right downtown and click “View all Offers”. It will show all the offers from exchanges for ETH to BTC conversion. STEP 2: Select the recommended exchange or any other exchange you like. STEP 3: Enter your wallet address of BTC to receive the converted amount and click 'Next'. This will create your order and will show an /5(). Trade ether for Bitcoin is a new currency that was. Since selfsame few countries In the macrocosm are employed on the regulation of Bitcoin and Cryptocurrency in general, these exchanges can be shut retired. This happened in China onetime American state September Exchanges are too halogen risk of getting hacked and you might worsen your.
Trade ether for btcETH BTC – Ethereum to Bitcoin Price Chart — TradingView
The most significant difference is the use of smart contracts. This has allowed other intelligent people to implement different cryptocurrencies based on the Ethereum blockchain. The amount of transaction that Ethereum blockchain can process, or the average block time is around 12 — 15 seconds which is faster than Bitcoin. Buying Ethereum can be extremely simple. But it can also be a little bit daunting for the non-technical people. The process of buying Ethereum can be done quickly through an exchange where Ether is listed.
The easiest way to buy Ethereum is to use a cryptocurrency exchange called Coinbase. You can get an account set up in minutes.
You can check it out here to get yourself signed up. Another great way to buy and sell Cryptocurrency is called Binance. Binance are known for their strong team, proven products, superior technology, and industry resources. They have a solid relationship with industry leaders and are capable or 1,, orders per second. This is by far makes them the fastest exchange in the market today. You can sign up with them here.
It only takes a minute. However, you also have the option to buy Ether with Bitcoin or other major cryptocurrencies. Such as Litecoin or Ripple. All you have to do is to register a free account with any of the crypto exchanges. Then deposit fiat and buy Ethereum through the platform. Note: Before you start trading Ethereum, you should keep in mind that the crypto market is extremely risky. It is volatile and we believe a lot of the market is just driven purely by speculation.
Similar to many other blockchains, Ethereum has a native currency called Ether ETH which is that is completely digital which allows it to be sent to anyone around the world with the click of a button, making payments with the ETH currency incredibly efficient and easy.
Since Ethereum can be programmed, developers use Ethereum to build new kinds of decentralized applications dApps that offer an array of features to help track and manage currency. Once "dApps" are uploaded to Ethereum, they are able to control digital assets that can create new types of financial apps.
The apps also branch to additional platforms such as cryptocurrency wallets, decentralized markets, and even games. It redefines how traditional blockchains function.
Checkout more Ethereum based apps here! This will help us make profitable trading decisions. All we need for this trading strategy is two technical indicators:. The MACD is one of the most common indicators used by traders around the world. It works in a variety of different markets and is used to spot trades before they happen.
The MFI indicator is based on price action. It incorporates Volume in its calculation, which is quite similar to other oscillators. In other words, we can use the MFI indicator to measure buying and selling pressure. The easiest way to interpret the MFI indicator is that a reading above the 50 level represents an inflow of money into the cryptocurrency. A reading below the 50 level represents an outflow of funds from the cryptocurrency. The other critical MFI thresholds are 20 and An MFI reading of 20 is considered bullish and oversold.
A reading above the 80 level is considered bearish and overbought. The MFI measures the market sentiment giving you signs. These signs are whether the cryptocurrency is oversold or overbought and to what degree. Using the MFI indicator is probably the most useful measurement of sentiment available to traders. The first rule is that you always want to wait for the Money Flow Index to be in oversold territory. In other words, we need to have an MFI reading below the 20 level.
An extreme MFI reading below 20 suggests that there is very heavy money outflow from Ethereum. As history has repeatedly shown, this information can be used as a contrarian indicator. The MFI indicator is not a standalone indicator. So, in order to use the MFI indicator, we need to check it against other technical indicators. These are the reason why we also use the MACD indicator. The second rule is to wait for the MACD histogram to turn positive. This is a confirmation that the bullish momentum is starting to build up.
Now, we have two rules in place, but these are still not enough to trigger an entry. Indicator-based strategies are very unpredictable. As an extra measure of caution, we also like to wait for the MFI indicator to break above the 50 level before to buy Ethereum. A reading above the 50 level represents an inflow of money into Ethereum. This is the moment when smart money is stepping into the market.
We want to trade alongside smart money to really make a profit trading the cryptocurrency market. In order to minimize our potential loss, we want to place our protective stop loss very close to the market price. At the same time at a price where it should really invalidate our trade signal. For the Ethereum strategy, the ideal place to hide the stop loss is just below the previous swing low. You can always add a buffer to protect yourself in case of a false breakout.
When it comes to our Ethereum take profit trading strategy we want to cash some profits at the first sign that the market is about to turn against us. Otherwise, we risk given back some of our hard earned gains. The first indication that the market is about to turn is when the Money Flow Index enters into overbought territory. In other words, when the MFI breaks above 80 levels, we take profits. Use the same rules for a SELL trade — but in reverse.
In the figure below, you can see an actual SELL trade example. Want to see the price close back above red line, thats the trigger for my long entry. But the good news is it can't get much worse! The 1st gap was D The 2nd gap was D 1st gap x 1. Midterm forecast: While the price is above the support 0. We make sure when the resistance at 0.
If the support at 0. Technical analysis: While the RSI downtrend 1 is not broken, bearish wave in price would continue. A peak is Videos only. This time it's different. ETH to the moon? Ethereum vs Bitcoin. Alt-party in january? Triple pattern for further rising! Next Target!