Bybit Discount Buy is a non-principal protected product that allows you to acquire BTC and ETH at prices lower than the market rate at the settlement date.

 lies not just in its potential for high returns, but also in the continuous innovation that shapes its landscape. A key aspect of this dynamic market is the pursuit of strategies that enable traders to maximize their investments, particularly in stable market conditions. In such scenarios, the ability to purchase digital assets at lower prices becomes a significant advantage. This is where Bybit's Discount Buy feature comes into play, offering a unique solution for investors looking to capitalize on market stability. In this article, we’ll explore Discount Buy’s functionality, benefits and suitability for different investor profiles.

 is a non-principal protected product from Bybit designed for low-volatility markets, allowing clients to acquire 

 and ETH at prices lower than the market rate at the settlement date. This feature is particularly beneficial when BTC/ETH 

Discount Buy operates on a unique mechanism whereby users can purchase a specific asset at a predetermined price on the settlement date, which is below the market rate at the time of order placement. This is particularly advantageous when the Settlement Price falls between the Knockout Price and Purchase Price.

Bybit’s Discount Buy is structured to function optimally in specific market scenarios as follows:

There are several advantages to using Discount Buy. Following are three of its key benefits.

Discount Buy offers the unique advantage of acquiring cryptocurrencies at 

 than the current market rate. This is particularly beneficial in 

 or periods of low volatility, where the chances of the Settlement Price falling within the favorable range (between the Knockout and Purchase Prices) are higher.

The product's structured nature, akin to a 

, provides a cap on the price level in the holder’s favor. However, unlike traditional knockout options, a Discount Buy plan won’t expire worthless, as users have the option to buy the desired coin at a price lower than the market price at the time of order placement.

In the Knockout Scenario, where the Settlement Price exceeds the Knockout Price, users not only get their principal back but also earn an additional APR, enhancing the overall profitability of their investment.

While Discount Buy offers several benefits, it also comes with 

. Below are three key risks associated with this investment product.

Despite the Purchase Price potentially being below the market price at the time of order placement, it might still be higher than the Settlement Price. In such scenarios, the settlement continues at the Purchase Price, which could result in a loss for the trader. This highlights the inherent risk that market volatility and price fluctuations may affect the investment outcome.

The non-principal guaranteed nature of Discount Buy means that invested capital is at risk. If the Settlement Price reaches or exceeds the Knockout Price, the trader receives the initial investment plus the Knockout coupon payment. However, if the market moves unfavorably, the principal amount could be at risk. This makes it crucial for investors to assess their risk tolerance before participating.

Suitability for Specific Investor Profiles

Bybit’s Discount Buy is designed for users who are looking to 

 in bear markets, or when market volatility is low. It requires a nuanced understanding of market trends and the ability to predict the movement of the Settlement Price within the specified range. This makes it more suitable for experienced traders, or for those with a higher risk tolerance.

Now that you're familiar with the essentials of Bybit’s Discount Buy, let's delve into a comprehensive guide on how to begin using it. Before proceeding with Discount Buy, ensure you have an active Bybit account. If you haven't set one up yet, 

: Log in to your Bybit account and hover your cursor over the 

tab on the navigation bar at the top of the page. Then, hover over 

 button of the corresponding plan that you’d like to select.

: Input your investment amount and ensure that you acknowledge all the parameters you’ve chosen. Once acknowledged, click on 

: Please ensure that you’re aware of the following: 

, you’ve successfully subscribed to the plan.

If you’d like to view the details of your Discount Buy orders, simply click on 

 in the successful order notification pop-up window.

Alternatively, you can follow the steps below if the pop-up window has disappeared.

 button on the top right corner of the homepage and click on 

Discount Buy is particularly suitable for:

Whether or not to use Discount Buy depends upon individual trading strategies and market understanding. It's an attractive option for those looking to capitalize on lower prices during stable market conditions. However, it requires a good grasp of market trends and 

. Traders should evaluate their investment goals and risk tolerance before deciding to use this feature.

Bybit’s Discount Buy presents an intriguing opportunity for cryptocurrency traders, offering assets at below-market prices under certain conditions. While it has benefits such as cost savings, it also carries risks associated with market volatility. As with any trading tool, it's essential to use Discount Buy judiciously, in accordance with one's particular trading strategy and risk appetite.

Beginner

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Bybit Discount Buy: Unlocking Lower Prices in a Stable Market

PayPal has collaborated with MoonPay to provide its 426 million U.S. customers access to more than 100 different cryptocurrencies, adding to its original offerings of Bitcoin, Ethereum, and its stablecoin, PYUSD.

The SPX index was up 0.91%, as the market welcomed the dovish remarks from the Federal Reserve. The broader cryptocurrency market was down, with Bitcoin and Ether up by 4.14% and 1.68%, respectively in the past 24 hours.

Today’s outperformer is AR, which jumped 25.1% after HackMD integrates Arweave for permanent blockchain document storage.

Arweave (AR), launched in June 2018, is a decentralized platform for permanent data storage, leveraging its AR cryptocurrency to incentivize users and ensure data permanence. It offers easy web access and is developing moderation tools, with a key partnership with the Internet Archive highlighting its commitment to secure data preservation. 

 integrated with Arweave in March 2023, enabling users to permanently store documents on the blockchain. This feature ensures decentralized, immutable storage for important documents such as white papers. Users can export and import documents between HackMD and Arweave using the ArConnect wallet and browser extension, enhancing data security and permanence. This integration underscores HackMD's commitment to leveraging web3 technologies for secure and efficient document management.

Check Out the Latest Prices, Charts, and Data of 

PayPal has collaborated with MoonPay to provide its 426 million U.S. customers access to more than 100 different 

, adding to its original offerings of Bitcoin, Ethereum, and its stablecoin, PYUSD. This move reflects PayPal's increasing engagement with the cryptocurrency sector, highlighted by the rapid rise in PYUSD's market value and its integration into PayPal’s cross-border payment service, Xoom. This development occurs as U.S. regulators intensify their oversight of cryptocurrencies.

U.S.-based spot Bitcoin ETFs, including BlackRock's iShares Bitcoin Trust, experienced a record single-day outflow of over $563 million. This coincided with a significant drop in Bitcoin's value. Despite the outflows, industry analysts affirm that such fluctuations are normal and the ETFs are functioning smoothly. 

Mode's community has propelled the platform into a leading Layer 2 network, boasting over $500 million in TVL and significant ecosystem growth. In response to this success, Mode will end 

 on May 5th and launch Airdrop 2 with 500 million MODE tokens to further incentivize ecosystem participation. The native $MODE token, essential for governance and ecosystem growth, will launch on May 7th. The first airdrop saw 5.5% of MODE's total supply allocated, with significant vesting terms for top wallet holders to promote long-term holding. Airdrop 2 aims to continue this momentum by rewarding ongoing user and developer engagement.

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PayPal Expands Crypto Offerings to 426 Million U.S. Users through MoonPay Integration

Bybit Double-Win is a non-principal-protected, short-term structured product designed to allow traders to hedge against market volatility. Learn more here.

As digital currencies continue to reshape the global financial landscape, 

 remains a consistent challenge. The volatile nature of the crypto landscape often leaves investors searching for effective strategies to protect their investments. 

 against unpredictable market movements is crucial — and that's where Bybit Double-Win comes into play. In this article, we'll delve deep into this innovative solution designed to navigate the tumultuous waves of the crypto market.

 is a non-principal-protected, short-term 

. It's crafted to allow traders to benefit from market movements that sit outside a predetermined range. If a settlement price at expiration lies within this range, the investment doesn’t yield returns. Conversely, if the price moves outside the range, traders stand to gain.

The allure of Bybit Double-Win lies in its potential for significant profit if a settlement price ventures outside the established range. However, it's crucial to note the high-risk nature of this product. If the price remains within the range, traders risk losing their entire investment. 

Alison channels 100 USDT into a BTC Double-Win plan when BTC is priced at 27,000 USDT. She defines the Double-Win Range as +/− 200 USDT (spanning 26,800 USDT to 27,200 USDT), predicting heightened market volatility soon. 

Three potential outcomes arise at expiration:

In both of these winning scenarios, Alison retrieves her initial investment complemented by leveraged returns.

In this case, Alison’s entire investment is forfeited.

There are various benefits to using Bybit Double-Win. Below are three of its key advantages.

One of the standout features of Bybit Double-Win is its capacity to finalize transactions in a remarkably short time frame. While traditional investment avenues might require days (or even weeks) to settle, Bybit Double-Win can conclude settlements in as little as eight hours. This rapid turnaround time ensures that traders can swiftly capitalize on market movements, making timely decisions without being bogged down by prolonged waiting periods.

 of up to 500x. This means that traders have the potential to magnify their returns exponentially. Since Bybit Double-Win offers such impressive leverage, traders have commensurate potential to magnify their returns. 

However, it's essential to understand that this leverage is influenced by several factors.

While higher leverage can amplify potential profits, it also comes with increased risks. Traders should approach this feature with caution, fully grasping both the associated risks and the factors that can influence leverage. 

The cryptocurrency market is renowned for its volatility. Prices can skyrocket or plummet within short intervals, making crypto both an opportunity and a challenge for traders. Bybit Double-Win is specifically designed to thrive in such environments since it offers a variety of preset ranges. This allows traders to set boundaries that align with their market predictions.

Whether anticipating a significant price surge due to a major industry announcement, or expecting a drop due to external economic factors, Bybit Double-Win provides the flexibility to set a range that mirrors these expectations. This tailored approach ensures that traders can strategize effectively — even in the most unpredictable market conditions.

Like all financial products, Bybit Double-Win comes with its set of risks. Market volatility can lead to significant losses, so it's essential for traders to be aware of the potential downsides and to employ 

Unlike some other financial instruments, Bybit Double-Win isn’t principal-protected. This means that there's a possibility of losing the entire amount invested. As mentioned above, if the settlement price of the asset remains within the Double-Win range set by the trader at the time of expiration, the entire investment is forfeited. It's crucial for traders to understand this inherent risk before committing funds.

Another important aspect to consider is the finality of the Double-Win subscription. Once a user subscribes to a Double-Win plan, the decision is binding. The order cannot be modified, adjusted or canceled under any circumstances. This lack of flexibility means that traders need to be absolutely certain of their decisions before subscribing, as there's no turning back once the commitment is made.

While Bybit Double-Win offers the potential for significant returns — especially with its high leverage limits — it also comes with substantial risks. The possibility of losing the entire investment amount is real, especially if the market doesn't move as anticipated. As always, it's essential for traders to invest no more than they can afford to lose, and to approach Double-Win with a clear understanding of both its mechanics and associated risks.

Now that you know more about the fundamentals of Bybit Double-Win, here’s a detailed step-by-step guide on how to get started. Please note that you need to have an established Bybit account before you can proceed. 

button of the corresponding plan you would like to select.

 to estimate potential Profit and Loss (PnL) by entering the investment amount, selecting the double-win range, and indicating your anticipated market price of the underlying asset at a specific point in time.

: Indicate your investment amount and verify that all of the information is correct. Once verified, click on 

, you’ve successfully subscribed to the plan. 

If you’d like to view the details of your Double-Win orders, simply click on 

in the successful order notification pop-up window.

Alternatively, you can also follow the steps below if the pop-up window has disappeared.

button on the top right corner of the homepage and click on 

Ideal Circumstances for Using Bybit Double-Win

Bybit Double-Win shines brightest in specific market situations:

The cryptocurrency market is notorious for its unpredictable swings, often driven by news, rumors and external factors. In such a volatile environment, traders often seek tools that can help them safely negotiate these uncertain waters. Enter Bybit Double-Win — designed as the ultimate companion for turbulent markets. 

While Bybit Double-Win offers an exciting opportunity to profit from market volatility, it's essential for traders to assess their risk tolerance and investment goals before diving in. It's always recommended you start with a small amount, and gradually increase your exposure as you become more familiar with the platform.

Bybit Double-Win presents a novel approach to navigating the unpredictable cryptocurrency market. By offering traders the chance to profit from both rising and falling market scenarios, it stands out as a unique hedging tool. However, as with all investments, it's crucial to 

 and understand the associated risks before you decide to proceed.

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Bybit Double-Win: Tailored Solutions for Volatile Market Hedging

Playbux (PBUX) is a gaming and metaverse platform that offers its users a wide variety of E2E opportunities.

 remains one of the hottest topics in the blockchain world, with a growing number of projects joining the quest to create the decentralized and unified 3D world of tomorrow. In its idealized form, the metaverse is still years away from us. It's most likely to evolve gradually from the myriad current metaverse-like environments on various blockchains.

Amid the spotlight of major metaverse projects, such as 

 (SAND), new platforms have emerged to help propel the metaverse toward a unified reality. Among these projects is Playbux (PBUX) — a metaverse environment that offers users a diverse range of crypto earning opportunities, such as play-to-earn (

), watch-to-earn, walk-to-earn and shop-to-earn, also collectively known as engage-to-earn (E2E) activities.

 (PBUX) is a decentralized gaming and metaverse environment based on the 

 that offers crypto users a variety of E2E opportunities — P2E, watch-to-earn, walk-to-earn and shop-to-earn — along with services such as lotteries and virtual space ownership. 

It aims to be an all-encompassing platform for crypto gamers and metaverse enthusiasts, allowing them to take full advantage of the fast-growing E2E trend, the more advanced progression of the simple P2E.

In the Playbux gaming environment, you are in control of your multi-feature NFT avatar, which can travel through the platform's metaverse, participating in games and taking part in various E2E activities. However, not all E2E activities offered by Playbux require the use of your NFT avatar. For instance, watch-to-earn is a service whereby your account earns rewards when you watch select content in the metaverse's theater area.

Playbux is currently in the pre-alpha stage, meaning that complete testing of the platform has yet to conclude before the release of the final version. However, users can already join the platform at its current stage, and Playbux's native crypto, PBUX, had its token generation event (TGE) on Apr 23, 2024.

When you first join Playbux, you complete a 

 (PoP) with a personalized NFT that entitles you to participate on the platform. The PoP NFT costs $1 and is tied to your wallet. A single wallet gives you the right to create up to three Playbux accounts.

To take full advantage of the diverse services offered by the Playbux platform, you can purchase an NFT avatar. A Playbux avatar, called a Bux, is made up of seven different parts/features, such as the hat, face, shirt and back (see below).

Using this avatar, you can participate in some of the E2E activities, explore the metaverse and play games with your avatar as the central character. For instance, the walk-to-earn feature allows you to earn rewards by taking your Bux on walks through the metaverse environment.

The Playbux platform offers users a comprehensive set of digital earning and gaming services. While there are over a dozen various services and E2E opportunities on Playbux, the major ones include shop-to-earn, walk-to-earn, watch-to-earn and multiple forms of P2E.

Playbux's Shop to Earn service offers users cashback credits for purchases made on diverse online and decentralized platforms. According to the project's documentation, Playbux 

 affiliated shops that provide cashback opportunities.

Users can later withdraw their cashback credits in 

. This is in contrast to many other crypto gaming platforms in which cashback credits or points are often limited to uses within the games, without users being able to withdraw their funds.

Walk to Earn allows you to accumulate rewards in various assets by walking your Bux avatar through the metaverse. By taking a specified number of steps within the gaming environment, you can earn weekly points. If you rank among the top 300 walkers each week, you can claim rewards that range from in-game NFTs, PBUX tokens and USDT to cashback credits and BRK tokens — another cryptocurrency used for rewards and purchases within the platform along with the main PBUX crypto.

Watch to Earn is another core E2E opportunity offered by the Playbux platform. By watching video content streamed in the theater section of the Playbux metaverse, you can earn rewards and prizes for your account.

Playbux's strategic partnerships include a collaboration with iQIYI, a leading Asian entertainment streaming provider, whose content is offered in the theater. iQIYI offers a variety of popular movies, anime, dramas and other video content with which its viewers can earn daily rewards by simply tuning in to the first episode of the series or movies. Thus, you won't need to watch some boring ads to earn points; the content on offer is highly popular and engaging. 

Additionally, Playbux employs technology that enables hyper-personalized recommendations, making your viewing experience even more exciting and relevant.

Earning crypto and NFT rewards via the classic P2E is also on the Playbux menu. Two games within the platform's metaverse can be used to accumulate rewards and win NFTs — 

. While the platform is currently in its pre-alpha stage, 

 is the only operational game, allowing you to “claw up” special NFTs from six different collections offered on Playbux.

 will provide an immersive experience within the metaverse's arcades. Players will be able to earn rewards in PBUX, BRK and other assets.

The Lotto Pool offers the opportunity to earn tokens from crypto projects that partner with Playbux. Points for participation in the lotteries are based on in-game NFTs and their 

 level. The rarer your NFT, the more lottery tickets you’ll earn, increasing your chances of becoming a lucky lottery winner.

While a variety of in-game assets are available on Playbux, the main NFT type is the Bux avatar, which you use to participate in the games and the majority of E2E opportunities available on the platform. Each Playbux avatar NFT comprises seven features that refer to body parts or garments worn by it: Hat, head, face, shirts, back, pants and shoes.

All of these features are purchasable on the platform, with different rarity ranks for each part. While there are four different rarity grades, the parts collections are split into two main NFT collections: Early Bird and Ultra. Early Bird consists of 160 pieces of NFT parts with varying rarity, while Ultra comprises 30 pieces. Capped at 10,000 NFTs, the Ultra collection is more valuable than Early Bird.

Playbux also offers the Compound NFT feature, which allows you to exchange a certain number of NFTs for a new one in order to upgrade to higher NFT rarity ranks.

The PBUX token is Playbux’s native cryptocurrency. It's used extensively for E2E, 

 and transaction processes on Playbux. Users earn PBUX tokens as rewards for participating in Shop to Earn, Watch to Earn, Walk to Earn, P2E and other E2E activities. The token can also be used to purchase in-game assets, NFTs and lotto tickets, as well as access to exclusive products and features.

The PBUX token has a maximum supply of 400 million, a useful deflationary feature that should support the Playbux price in the crypto trading market. Supply allocation shares for PBUX are per the table below:

The PBUX token is available on Bybit via a Spot pair with USDT (

). If you're new to Bybit, you can also take part in Bybit's Spot listing campaign that’s dedicated to the PBUX token for a chance to win a portion of the 

, available through May 7, 2024, 8:59AM UTC.

The crypto industry is moving beyond simple P2E models to more comprehensive and advanced forms of rewarding users. Devising a platform where users simply win in-game battles and receive points to spend on NFTs is no longer enough — at least within the competitive niche of crypto gaming.

A more diverse range of E2E products is the defining feature of the new iteration of blockchain gaming. Playbux, with its rich set of E2E services, is part of this new breed of crypto gaming platforms. What puts Playbux ahead of the rest in this niche is its sheer variety and sophistication of E2E opportunities on offer. In fact, the Playbux project team has delivered a product that might just become the pioneer and a trendsetter in the emerging category that’s coming to be known as diversified E2E providers.

Intermediate

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Playbux (PBUX): The Premier Destination for Next-Gen Entertainment

Trading

Ichimoku Cloud is the trend indicator that reveals the overall strength and direction of an asset. It is also used to predict the asset's support & resistance levels. Learn how it works!

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At first glance, the Ichimoku Cloud seems sophisticated, but once you learn how to read the charts, it becomes easy to understand and apply.

The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a combination of technical indicators, especially in levels of support and resistance that reveal the overall strength and direction in the crypto market.

The Ichimoku Cloud works by plotting multiple averages on the charts. Then it uses those figures to create a cloud that predicts where the price of a cryptocurrency may find support or resistance in the future. By mastering the Ichimoku Cloud, you can easily make high-probability decisions without spending most of your time analyzing trading view charts.

The Ichimoku Cloud relies on both lagging and leading indicators to display data. The charts in the Ichimoku system are composed of five main components or lines: Base Line, Conversion Line, Lagging Span, Leading Span A, and Leading Span B.

The Kijun-sen line, or the Base Line, is the midpoint of the last 26 candlesticks. This line is calculated using the following formula:

The Tenkan-sen line, which is also known as the Conversion Line, is the midpoint of the last 9 candlesticks. This line is calculated using the formula: 

The Chikou Span, also known as the Lagging Span, is the closing price of the current period. As its name suggests, the lagging span lags behind the price and is projected 26 periods into the past.

The Senkou Span A, or Leading Span A, forms one of the two cloud boundaries. This line represents the midpoint (or moving average) of the baseline and the conversion line, plotted 26 periods into the future. The Leading Span A is the faster-moving cloud boundary and is calculated using the formula:

The Senkou Span B, or Leading Span B, forms the second cloud boundary and is the midpoint of the last 52 price bars (or the 52-period moving average). It is calculated using the formula:

The Leading span B is plotted 26 periods into the future and is the slower cloud boundary.

The Kumo Cloud is located within the space between the Leading Span A and the Leading Span B. This is the most notable element of the Ichimoku system. Since both the Leading Span A and the Leading Span B are plotted 26 periods into the future, they help in forecasting and are therefore considered leading indicators. The Lagging Span, which is plotted 26 periods into the past, is considered a lagging indicator.

For easy reference, the Ichimoku Cloud is displayed in either red or green. The Leading Span B is the red cloud line, while the Leading Span A is the green cloud line. A red cloud is formed when the Leading Span B is higher than the Leading Span A, while a green cloud is formed when the Leading Span A is higher than the Leading Span B.

As you might have noticed in the formulas for calculating different lines in the Ichimoku Cloud, the moving averages used are not based on the closing prices of the candles, but rather on the high and low points recorded in a given period.

Although the Ichimoku Cloud involves five different lines, reading the graph is relatively easy. To interpret the Ichimoku Cloud, start by identifying the Leading Span A and the Leading Span B.

Once you have identified the two lines, shade in the cloud. If the Leading Span A is below the Leading Span B, the cryptocurrency is moving in a negative direction and the cloud should be shaded red. On the other hand, if the Leading Span A is above the Leading Span B, it is an indication that the price of the crypto asset is gaining momentum. You should therefore shade the cloud green.

Now that you have an Ichimoku Cloud, you can easily use it to generate momentum and trend-following signals. Here’s how.

Momentum signals are generated depending on the relationship between the market price, the Base Line, and the Conversion Line. If either the market price or the Conversion Line, or both of them, move above the Base Line, a bullish momentum signal is produced.

Bearish momentum signals occur when either the market price or the Tenkan-sen, or both of them, move below the baseline.

The crossing between the Tenkan-sen and the Kijun-sen is known as the TK cross.

Trend-following signals are generated according to the position of the market price in relation to the cloud, as well as the color of the cloud. If the prices are consistently above the cloud, the cryptocurrency is in an upward trend. If the prices are below the cloud, the cryptocurrency is bearish, or in a downward trend. Except for a few exceptions, the market is considered neutral or flat if the price is moving sideways within the cloud.

Another element that can help you spot and confirm a trend reversal is the Chikou Span or lagging span. This line gives you insights into the strength of price action. It may possibly confirm a bearish trend if it moves below the market prices, and a bullish trend if it moves above the market prices. Normally, you will have to use the Chikou Span in conjunction with other components on the Ichimoku Cloud, rather than using it on its own.

You can also use the Ichimoku chart to identify support and resistance zones. The Leading Span A, or green cloud line, usually acts as the support line during an uptrend and as the resistance line in a downtrend. In both cases, the candlesticks will move closer to the Leading Span A.

The Leading Span B can also act as the support or resistance line when the prices are in the cloud. Because both the Leading Span A and the Leading Span B are leading indicators, you can use them to predict future resistance and support zones.

The strength of the Ichimoku Cloud signals depends on whether they match the broader trend. If a signal is part of a larger, clearly defined trend, it is much stronger than a signal that briefly crops up in the opposite direction to the prevailing trend.

In simple terms, if a bullish signal is not accompanied by a bullish trend, the signal is weak. So, before you act on a signal, consider the position and color of the cloud, as well as the volume.

After spending three decades on research and testing, Goichi Hosada, the inventor of the Ichimoku Cloud, decided that the (9, 26, 52) setting has the best results. Back in the day, the Japanese business schedule included Saturdays. The number nine, therefore, represented one and a half weeks, and the numbers 26 and 52 represented one and two months, respectively.

These settings are still used in many trading contexts. However, for the cryptocurrency markets, traders adjust the Ichimoku setting to reflect the 24/7 markets. The settings, therefore, change from (9, 26, 52) to (10, 30,60). Some traders also adjust the settings to (20, 60, 120) in an attempt to minimize false signals.

The debate is still ongoing as to whether it is efficient to modify the settings. While some traders are convinced that it’s vital to edit Ichimoku settings, others are worried that adjusting the settings will disrupt the balance of the Ichimoku system, producing a lot of invalid signals.

One of the downsides of using the Ichimoku Cloud is that the tool depends on historical data. Although this data can sometimes be used to predict the future, there are no guarantees that the past will be repeated.

The Ichimoku Cloud, like all other technical indicators, can sometimes produce false signals. When it is used on smaller time frames, the Ichimoku Cloud may not account for larger trends.

Combination of Other Technical Analysis Tools With Ichimoku Cloud

Even in trending cryptocurrency markets, the Ichimoku indicator is rarely used alone. Traders combine other technical analysis tools and methods with the Ichimoku Cloud to better predict support and resistance levels.

Some of the more popular trading indicators used in tandem with Ichimoku include:

, used to provide some range-like bounds even when the market is trending

· Fibs — used to determine the most probable reversal area.

Is Ichimoku Efficient for Crypto Day Trading?

Cryptocurrency trading involves buying a cryptocurrency and selling it to make a profit. Depending on your goals and how long you would like to hold on to your cryptocurrency, you can choose to split your trading into long-term or short-term.

Day trading involves holding your cryptocurrency for very short periods from a few minutes to a few hours. The goal is to sell your cryptocurrency before the end of the day and make a small but quick profit.

The Ichimoku Cloud is a useful tool for crypto day trading. The best Ichimoku day trading strategy is the edge-to-edge cloud setup. According to this strategy, whenever a candlestick closes inside the Ichimoku Cloud, the price shifts to the opposite side of the Kumo.

The Ichimoku buy sell signals are candlestick forms below the Kumo Cloud and closes above the leading span A, a buy signal occurs. A sell signal, on the other hand, appears when a candlestick forms above the Kumo Cloud breaks and closes below the leading span A.

If you are day trading cryptocurrencies, the Ichimoku Cloud will give you enough edge-to-edge trade signals to help you reach your profit goals. However, you can always use other elements of the Ichimoku indicator to filter out false signals.

The Ichimoku Cloud is an efficient, sophisticated cryptocurrency trading tool that is actually easy to understand and use. The technical indicator minimizes the human input needed to trade, especially when compared with other technical indicators.

Don’t forget to use the Ichimoku Cloud together with other indicators in order to confirm trends and minimize the risks of crypto trading. Click here for more 

What Is Ichimoku Cloud and How to Apply It to Crypto Trading?

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards