Noob Currency Trader: 06/10/20

Wednesday, June 10, 2020

CryptoCurrency News: Cryptos on Coinbase’s New Exploratory List See Prices Jump 17% on Average

Most of the cryptocurrencies on Coinbase's new exploratory list saw their prices jump between 8 and 25% within a few hours.

via CoinDesk

CryptoCurrency News: Bitcoin IRA Is Ready to Take On Small Savers With Updated Retirement Savings Product

Bitcoin IRA, the retirement savings startup, now has a no-balance-minimum account that only requires a monthly deposit minimum of $100.

via CoinDesk

CryptoCurrency News: Coca-Cola Distributor Offers Bitcoin Payment Options for Aussie Vending Machines

More than 2,000 vending machines in Australia and New Zealand will let customers purchase Coke products using bitcoin.

via CoinDesk

CryptoCurrency News: WATCH: US Lawmakers Will Talk Digital Dollar, FedAccounts in Thursday Hearing

The “digital dollar” concept will take the spotlight Thursday as House Financial Services Committee members discuss how best to issue stimulus funds.

via CoinDesk

CryptoCurrency News: A Vision for Digital Property Rights, Feat. Nic Carter

Most people today look at social platforms like any other private company, but what if we saw them as alternative jurisdictions with a new set of property rights?

via CoinDesk

CryptoCurrency News: Fed Officials See Anemic Inflation Despite Trillion-Dollar Money Injections

Federal Reserve officials see U.S. inflation as likely to stay below 2% over the next three years, based on a new summary of economic predictions released Wednesday by the central bank.

via CoinDesk

CryptoCurrency News: Human Rights Foundation Funds Bitcoin Privacy Tools Despite ‘Coin Mixing’ Legal Stigma

The Human Rights Foundation took a strong stance on bitcoin privacy tech Wednesday by announcing its new Bitcoin Developer Fund.

via CoinDesk

CryptoCurrency News: Blockchain Bites: Libra’s Future, Elrond’s ‘Trial by Fire’ and LocalBitcoins’ Volume

An unknown wallet set a $2.6 million ETH transaction fee and Hacker Noon announced it will test out Web 3.0 micropayments.

via CoinDesk

CryptoCurrency News: Bitcoin News Roundup for June 10, 2020

As Chinese students prepare for bitcoin questions on their university entrance exams, some analysts say BTC is near the start of a multi-month bull run.

via CoinDesk

CryptoCurrency News: Microsoft Releases Bitcoin-Based ID Tool as COVID-19 Tracing Draws Criticism

Microsoft’s Bitcoin-based decentralized identity tool, ION, just went live with a beta version on mainnet.

via CoinDesk

CryptoCurrency News: This Political Conversation With Vitalik Buterin Shows How Ethereum Could Change the World

Congressional candidate Jonathan Herzog hosted a live YouTube broadcast with Ethereum creator Vitalik Buterin on Monday, along with author Glen Weyl.

via CoinDesk

CryptoCurrency News: Russia’s Economy Ministry Calls for ‘Controllable Market’ Rather Than Crypto Ban

The ministry argued the draft ban would be harmful for Russia's economy and citizens, and called for a softer stance.

via CoinDesk

CryptoCurrency News: Algorand and Blockstack Are Building a Multi-Chain Smart Contract Language

Clarity, a new open-source programming language, promises to deliver less-buggy smart contracts.

via CoinDesk

CryptoCurrency News: Bakkt, Galaxy Digital to Offer Joint Bitcoin Custody Solution for Institutions

Bakkt and Galaxy Digital plan to offer a "white glove" trading and custody solution targeting institutions this year.

via CoinDesk

CryptoCurrency News: Sequoia-Backed Band Protocol Creeps Onto Chainlink’s Turf With Oracle Product

Band Protocol 2.0 launched Wednesday with its mainnet oracle solution, BandChain, leveraging the Cosmos SDK from Tendermint Labs.

via CoinDesk

CryptoCurrency News: Bitcoin Doesn’t Take Sides: Why Apolitical Solutions Are the Internet’s Future

Companies that take political stances are in a never-ending war with public opinion. Bitcoin doesn’t take sides and that's why it wins, says our columnist.

via CoinDesk

CryptoCurrency News: Hacker Noon Raises $1M From Former Ripple CTO for Content Micro-Tipping

Tech site Hacker Noon is adding micropayments following an integration with Coil that runs on the Interledger protocol.

via CoinDesk

CryptoCurrency News: The Crypto Community Needs to Stand Up and Fight Racism

While the CEOs of Citigroup and JP Morgan Chase show solidarity with Black Lives Matter, crypto's big names have often been silent.

via CoinDesk

CryptoCurrency News: First Mover: Bitcoin Bulls Might Get Negative Rates From Central Banks, Just Not the Fed

The Fed may remain intransigent about negative rates, but bitcoin may benefit from other central bankers who are keeping the option firmly on the table.

via CoinDesk

CryptoCurrency News: ‘Whale’ Just Sent $130 in Cryptocurrency With a $2.6M Transaction Fee

The sender's identity isn't known, but their wallet still holds more than $11 million-worth of ether,

via CoinDesk

CryptoCurrency News: Another Data Point Suggests Bitcoin Close to Prolonged Bull Market

Bitcoin could be on the verge of breaking into a multi-month bull run, according to a lesser-known data metric.

via CoinDesk

CryptoCurrency News: Coinbase’s Ex-Lead Lawyer Sold $4.6M in Stock to Head US Banking Watchdog

Brian Brooks left Coinbase to lead the U.S. Office of the Comptroller of the Currency last month.

via CoinDesk

CryptoCurrency News: Libra Is Ready for the Digital Money ‘Space Race’: Dante Disparte

Libra's most vexing challenge may be juggling inclusion and compliance. But policy chief Dante Disparte says the project is not giving up on reaching the unbanked.

via CoinDesk

CryptoCurrency News: Elrond Will Pay You $60,000 to Break Its Blockchain

Elrond is conducting a “trial-by-fire” exercise on its blockchain protocol, offering big bounties to white-hat hackers who can disrupt the network.

via CoinDesk

CryptoCurrency News: Crypto Payroll Startup Bitwage Lets Earners Sidestep Volatility With Stablecoin Payments

Offering the option to receive wages in the USDC stablecoin removes the volatility risk for earners.

via CoinDesk

[FOREX TIP] Trend Intensity Index Indicator MT4 | Free Download

The Trend Intensity Index Indicator MT4, as the name suggests is a custom Indicator designed for Metatrader 4, that is used to determine the trend intensity of the security in question.

The Indicator sits in the sub-window of the price chart and works as an oscillator, moving within fixed levels.

On top of this, you also have a step Indicator which shows a gradual increase in the trend.

Buy and sell signals are triggered depending on the oscillator’s movement.

Trend Intensity Index Indicator: When to go long

When to go long using the Trend Intensity Index Indicator?

You can either initiate a long position after you see the first long signal, with the buy arrow appearing.

Alternately, wait for the second signal which can be a bit late at times but offers a more reliable source of the trend intensity. Open a long position on the open of the next candlestick.

When to exit your long positions?

When the trends are strong, it is recommended to maintain your long position and reap maximum benefits.

However, you can also use a fixed risk-reward ratio and book profits accordingly.

Trend Intensity Index Indicator: When to Short

When to go short using the Trend Intensity Index Indicator?

Take a short position upon the sell signal arrow that appears, or wait for a more reliable signal to appear.

Once this happens, wait for the next candlestick to open and then go short.

Alternately, wait for the price to break the lows before going short.

When to exit your short positions?

Exit your position with a good risk to reward ratio set up.

But in cases where the trend is really strong, it is advisable to continue to hold on to the position until you make good profits.

Where to set the stop loss using the Trend Intensity Index Indicator?

Set the stop loss at the high or the low of the price candlestick where the signal first appeared.

You can also set your stops to the nearest pivot highs or lows depending on whether this will give you a good risk-reward set up or not.

Conclusion

The Trend Intensity Index Indicator is simple in the way it works but it can show strong trends easily.

The only downside is that when prices are moving in a sideways range, this Indicator can be quite useless.

Therefore, traders should exercise caution but at the same time look for markets where trends are strong.

How to Increase Your Winning Ratio with the Trend Intensity Index Indicator MT4?

When you add the Stochastic Cross Alert Indicator and use it together with a proven trend trading system like the Elite Swing Trader or Simple Trend Trading System, you can only expect to achieve a better win ratio and better risk-reward ratio.

Recommended Time Frames

Technically speaking, you can use this MT4 indicator for all time frames.

However, the shorter the time frame, you will see more fluctuation and possibly more whipsaw which may cause small losses that can eat up your portfolio quickly.

We recommend that you use higher time frames like the H4 or even higher for better consistency.

Click Here for Your Free Download of Trend Intensity Index Indicator.ex4 file