Skip to main content

Learn about Blockchain technology part 3

Learn about Blockchain technology part 3

 Crypto Trading & Blockchain Analysis (How to Trade & Analyze Crypto)


If you want to make money from crypto, you need trading skills and blockchain analysis tools to make better decisions.


1. Crypto Trading (Buying & Selling for Profit)


A. Types of Trading


1. Spot Trading – Buying and selling actual cryptocurrencies (e.g., buying BTC and holding).



2. Futures Trading – Betting on price movements with leverage (high risk, high reward).



3. Scalping & Day Trading – Making small, quick trades within minutes or hours.



4. Swing Trading – Holding assets for a few days or weeks to catch trends.



5. HODLing (Long-Term Investing) – Buying and holding for months or years.


B. Technical Analysis (Chart Reading for Traders)


Traders use charts and indicators to predict price movements.


Key Tools & Indicators:


Support & Resistance – Key price levels where prices bounce.


Trend Lines – Helps see market direction (uptrend, downtrend).


Moving Averages (MA, EMA) – Show price trends over time.


Relative Strength Index (RSI) – Measures if a coin is overbought or oversold.


MACD (Moving Average Convergence Divergence) – Shows trend momentum.



 Where to Analyze Charts? TradingView, Binance, KuCoin charts.


C. Risk Management & Trading Psychology


Only invest what you can afford to lose (Never trade with emotions).


Use Stop-Loss Orders to prevent big losses.


Diversify Portfolio – Don’t put all money in one coin.


2. Blockchain Analysis (Tracking Transactions & Market Data)


Blockchain analysis helps traders and investors see where money is moving.


A. On-Chain Analysis Tools (Tracking Transactions & Wallets)


Etherscan & BscScan – Check transactions, wallet addresses, gas fees.


Dune Analytics – Custom dashboards for blockchain data.


Nansen.ai – Tracks smart money (big investors’ wallet movements).


Lookonchain (Twitter) – Shares whale activity & smart money moves.


B. Market Sentiment & Data Tools


CoinMarketCap & CoinGecko – Track prices, volume, and trends.


LunarCrush – Analyzes social media trends for crypto coins.


Glassnode & CryptoQuant – Tracks on-chain metrics like exchange inflows, outflows, and whale movements.


3. How to Start Trading & Analyzing Crypto?


✔ Step 1: Learn basics (YouTube, Binance Academy).

✔ Step 2: Open an exchange account (Binance, KuCoin, Bybit).

✔ Step 3: Practice with a demo account or trade small amounts.

✔ Step 4: Use TradingView to analyze charts & indicators.

✔ Step 5: Use Etherscan & Nansen to track smart money movements.

Comments

Popular posts from this blog

62 communities drum support for Sanwo-Olu

  Not fewer than 62 communities in the Eti-Osa area of Lagos State on Saturday, expressed their resolve to make amendments and ensure the residents vote massively for the State Governor, Mr Babajide Sanwo-Olu on March 11 governorship election. The latest development was coming against the backdrop of the President-Elect’s defeat in Lagos State during the February 25 poll. Addressing newsmen in Ikota, Eti-Osa, the Chairman of Eti-Osa Baales’ Forum, Chief Wasiu Ali Balogun, who spoke on behalf of his colleagues, assured that all the Baales in the area have come together and would work for the emergency of Sanwo-Olu in his second term bid. Balogun who is the Baale of Lafiaji and the Patron, of Lagos State Baales’ Forum, explained that with the level of performance of the Governor in Lagos, he would be re-elected. According to him; “We want to assure the Governor that Eti-Osa is solidly behind his second term bid. Though we have visitors in Eti-Osa, their presence have greatly impacted...

Dear Nigerians, How safe is your private telephone conversations singer Peter Okoye asks

  Dear Nigerians, How safe is your private telephone conversations?: singer Peter Okoye asks

Man celebrate freedom after 29 years in prison

 Man celebrating after 29 years in prison  See video  See detail