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Top Places to Purchase Crypto for the Beginner



Top Places to Purchase Crypto for the Beginner

Are you interested in buying crypto? You should start by opening an account with a cryptocurrency exchange. Exchanges for digital currencies such as Bitcoin, Ethereum, and Dogecoin work much like online brokerage platforms, giving you the tools you need to trade them.

One must take into account the accepted currencies and payment methods, as well as costs and security when selecting a cryptocurrency exchange to trade on. When compiling this list of the best cryptocurrency exchanges, we took into account these aspects in order to aid you in your search.

If you are prepared to put your money where your mouth is, then might be a great alternative for you. Lower trading fees and higher rewards on the Visa card are two benefits of having a large amount of CRO in your wallet.

It’s possible that the trading interface on will be too much for someone who is just getting started with cryptocurrencies. If you’re looking for a more user-friendly – but more expensive – platform, we recommend Coinbase or Gemini. Because of their more complicated user interfaces, Coinbase Pro and Gemini Active Trader both offer cheaper trading costs for individuals who are ready to take the risk.

Keep in mind that cryptocurrency is a very volatile asset and that you might lose a substantial amount of money, especially in the near term, regardless of which exchange you choose; don’t risk more than you’re willing to lose by investing in (or any other crypto exchange).

Key features of

Rather than an exception, the company’s creators hope that cryptocurrencies will one day be considered a mainstream investment class. can assist you in incorporating cryptocurrencies into your financial plan, whether or not you think it will happen. As a result, the platform provides the following beneficial services in addition to normal crypto trading:

1) Addition of NFTs

Users of may now purchase, sell, and showcase NFTs on the site thanks to a recent update (non-fungible tokens). A unique digital asset, an NFT is typically a work of art or a film.

It’s possible that using the same platform to purchase and sell NFTs and cryptocurrencies appeals to investors who are interested in investing in both.

When you buy an NFT from, there are no costs. However, if you decide to resale it, you must pay a fee of 1.99%. Selling on the marketplace incurs a 1.99% charge for creators.

2) Better interest rates

You may make money by lending your bitcoin to other people, just as on other prominent crypto exchanges. To validate transactions for proof-of-stake currencies or otherwise, borrowers can use these loans.

You may earn up to 14.5 percent a year on your deposits of more than 30 cryptocurrencies with’s Earn program, based on the coin you choose to lend out and the amount of CRO you have in your account.

There is a one-month or three-month option to lock in your rate (and hence your crypto) if you choose to do so. If you don’t want to commit to a term, you can always withdraw your crypto.

These interest rates are higher than normal savings account rates, but they’re not covered by the Financial Services Compensation Scheme, so they’re riskier. It’s also important to note that your profits won’t grow over time.

3) Cash-back Visa credit cards are also available

You may more easily spend your crypto assets using a prepaid Visa card from, which works like a rewards debit card. Those that buy and hold CRO, the platform’s native cryptocurrency, stand to profit the most, despite the fact that it is available to everyone.

There are five reward tiers available for the Visa Card, each according to the amount of CRO you have on hand. There are a wide range of ‘cash back’ percentages available, ranging from 1% to 8% for particular services like Spotify, Netflix, and Airbnb, and free ATM withdrawals.

Investing £300,000 of your own money in the CRO coin is required to get to that final 10%, which is quite enticing.

Fees at, similar to other crypto exchanges, has a maker-taker fee model. When there is no matching order (you are the maker), you pay a different cost than when your order decreases liquidity because it corresponds with an order already on the books (you are a taker).

Token takers pay a larger charge, however, cuts costs based on trade volume and whether or not CRO tokens are staked. The greater your discount, over the course of a 30-day period, the more trades you make and CRO tokens you stake.


Over 100 tradable cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, may be purchased, sold, and exchanged via Coinbase’s platform. There are more than 89 million users and $278 billion in assets on Coinbase’s platform, making it a massive firm.

For basic buy and sell orders, beginners are likely to prefer the old Coinbase platform. Coinbase Pro, which is available to all Coinbase users, provides sophisticated users with access to extra tools and order types.

If you’re looking for a hazardous and volatile asset class, cryptocurrencies aren’t for you. But if you’re looking to get into cryptocurrency, Coinbase is a great place to start.

Key features of Coinbase

Get free education

You can use Coinbase’s Learn platform as it awards its customers with cryptocurrency when they successfully finish courses. Users may expect to learn a new currency in less than 10 minutes and receive a reward of between $1 and $5 for their efforts.

Get rewards for staking

Anyone with a Coinbase account may earn incentives by allowing Coinbase to stake or use their coins as collateral to validate transactions for proof-of-stake cryptocurrencies, such as Ethereum. Coinbase charges a fee of 25 percent of the income made via staking.

The Coinbase Pro

While Coinbase is geared at novice traders, Coinbase Pro caters to more experienced investors. Coinbase and Coinbase Pro utilize the same login credentials.

Advanced charting features and a greater range of order types, from market to stop and limit, are included in Coinbase Pro’s entire crypto trading experience. It also has cheaper trading costs and free transfers between Coinbase and Coinbase Pro wallets, which are the most crucial features.


Coinbase’s image as a safe site to purchase and trade cryptocurrency has been created over the years. When 850,000 Bitcoins were stolen from Mt. Gox in 2014, which was a particularly relevant argument to make. Coinbase has never experienced a disaster like this, though there have been concerns from customers about the exchange’s infancy.

According to the platform, 98 percent of customer money is held offline in various places across the world, which further enhances the security of the digital assets of its users. Coinbase offers a free wallet service, however, you are welcome to use a third-party wallet if you like. Signing into your account requires two-factor authentication. Private keys are additionally protected by biometric fingerprints and AES-256 encryption.


Coinbase is a breeze to work with. After registering, you may link your bank account using the Plaid data transfer network, which is suggested for reducing trade expenses. Signing up takes no time at all.

This app’s user interface is colorful and easy to use. You may use a search box to find anything you’re looking for, from Bitcoin to Tellor, and you can set up recurring transactions.

As a more advanced user, Coinbase lets you swap choose cryptocurrency for other cryptocurrencies, such as converting your Litecoins into Augur.

Fees at Coinbase

There are greater costs on Coinbase’s consumer-friendly platform, than you can obtain elsewhere, even on its brother crypto trading site, Coinbase Pro.

Firstly, there is the so-called “spread fee,” which Coinbase claims is normally 0.50 percent of your transaction. To put it another way: That’s how much it costs Coinbase to buy a cryptocurrency and how much they charge customers to buy it.

A fee called “Coinbase Fee” is assessed based on your purchase amount, the fiat currency you use to make it, and the method of payment you employ. There are two ways to calculate this price: either a fixed percentage or a flat fee.

In addition to the 0.55-percent transaction charge, purchases over $200 may incur fees of up to 1.5% of the total transaction amount.

One of the advantages of Coinbase Pro is that its fees are cheaper and more straightforward. Taker fees are imposed when a deal is promptly filled, which reduces the overall liquidity of the market. In order to provide liquidity, the maker fee is imposed for orders that aren’t promptly completed, resulting in a reduced fee.


There are almost 200 cryptocurrencies available on the non-custodial exchange Changelly. You may trade cryptocurrencies at cheap costs thanks to its simple-to-use interface, which is safe and secure. As a result of the fact that Changelly is not controlled by the US government, our ratings show this critical flaw. Learn more about Changelly in our in-depth review.

Remember that it is a non-custodial cryptocurrency trading service before we get into the benefits of utilizing Changelly. As a result, none of your cash or cryptocurrency is ever stored on our servers. In order to make use of the service, you must have access to a wallet.

Key features of Changelly

Simple user interface

Using Changelly is a breeze if you’re familiar with bitcoin wallets. Both a mobile app and a web platform are available. Connecting your current wallet to your Changelly account is the only snag. Everything else is as simple as this:

1) Decide on the coin pair you wish to exchange

2) Verify the current exchange rate.

3) To complete the transaction, send the required coin to the address supplied

Anonymous: There are no No Know-Your-Customer (KYC) regulations

When you use Changelly, the only personal information you are required to supply is your email address, in contrast to other well-known exchanges regulated in the United States. Third-party payment providers, on the other hand, necessitate extra information if you’d like to pay using a regular currency.

It’s up to you whether or not you see this as a benefit or a drawback. For those who choose to remain anonymous, the anonymity afforded by cryptocurrency is a big draw. Some people are concerned that the anonymity of crypto can be used for malicious purposes. Because of this, they are eager to share their home location and contact information with you.

Supports a wide range of digital wallets

Ledger, Trezor, Trust wallet, and Exodus are some of the wallet providers that Changelly works with. The keys to your cryptocurrency are kept safe in wallets.

As a result, many crypto enthusiasts are wary about utilizing a custodial exchange because they do not have access to their own private keys. Changelly is a possible choice if you wish to trade straight from your wallet. You’ll never lose control of your private keys while exchanging one coin for another.

Low costs for converting one crypto to another

When it comes to crypto-to-crypto exchanges, Changelly has some of the best prices. You may see a preview of your transaction to make sure you’re getting the best deal by comparing the rate and fees to those of other exchanges.

While it’s true that custodial exchanges (those that store your cryptocurrencies on their servers) may provide higher exchange rates, you’ll still be charged fees when you withdraw your funds. The fees you pay will vary according to the cryptocurrency you choose, but you must include them in your calculations.

Various coins to choose from

There are around 200 different cryptocurrencies available on Changelly’s exchange. There were 196 supported currencies at the time of this writing. More than most bitcoin exchanges and brokerages, in other words. Many individuals want to acquire lesser currencies in order to get in on the ground floor before the price of those coins soars. However, keep in mind that these tiny coins involve even greater danger than the more prominent digital currencies.

In addition, Changelly only takes three fiats (traditional) currencies: the US Dollar (USD), the British Pound (GPB), and the euro (URO) (EUR).

As we explain below, we don’t advocate using Changelly to buy cryptocurrency with dollars because the fees are rather expensive.

Fees at Changelly

When it comes to crypto-to-crypto exchanges, Changelly has some of the best prices. You may see a preview of your transaction to make sure you’re getting the best deal by comparing the rate and fees to those of other exchanges.

While it’s true that custodial exchanges (those that store your cryptocurrencies on their servers) may provide higher exchange rates, you’ll still be charged fees when you withdraw your funds. The fees you pay will vary according to the cryptocurrency you choose, but you must include them in your calculations.


To date, Bitfinex is one of the most established crypto exchanges, having been established in 2012. Professional and institutional traders use this exchange because of the 100x leverage it provides, which helps drive up the BTC/USDT volume.

Many order types are supported by Bitfinex including margin trading and OTC trading, making it an excellent platform for experienced traders searching for sophisticated options and minimal costs. The problem is that it isn’t currently accessible in the US.

It is easy to use even for more experienced traders to use the Bitfinex trading platform. The order form on the left-hand sidebar may be used to place trades, as well as to pick various markets and check account balances. The dashboard may be tailored to the preferences of the user and contains charts from the well-known charting program TradingView.

Key Bitfinex features

The registration process is simple and straightforward

Bitfinex’s signup procedure is simple, although it might take a while to complete. Trading with fiat currency needs little verification. Additionally, the site is mobile-friendly and speedy. Android and iOS users may also use a mobile app to navigate the site.


It’s not that Bitfinex’s security and safety have been compromised, but rather that Bitfinex places a high value on the protection of its customers. Bitfinex holds 99.5 percent of its user cash in a cold storage system that is also geographically dispersed and has a multi-signature feature in order to ensure the safety of client funds.

The login credentials and withdrawals of traders are subject to a two-level authentication process. 2FA (two-factor authentication) is the initial line of defense, followed by U2F (Universal 2nd Factor), which entails the usage of a physical security key as a second line of defense. The servers and whitelist of IP addresses are further protected by DDoS protection.

Multiple order types

It is possible to trade a wide range of digital currencies on Bitfinex with little to no slippage by making use of a variety of advanced order types and high levels of liquidity. Algorithmic order types, such as the “Scaled Order” tool, are meant to allow traders to focus on their trading strategy rather than waste time inputting orders manually.

Advanced charting tools

It is possible for traders to see orders, price alerts, and trading positions clearly using Bitfinex’s sophisticated charting tool. They can easily tap and change the order attributes thanks to this.

Collaboration with professional traders

In order to deliver a rapid and comfortable trading experience, the Bitfinex platform collaborates with professional traders and corporate accounts.


StormGain is a trading platform for cryptocurrencies. Cryptocurrency investors and traders from many walks of life can use this online trading platform. It is meant to take advantage of the volatility in the cryptocurrency market. Long-term investments in crypto assets may be made with the help of smart trading and investing tactics. Margin trading is available in the most popular and lucrative cryptocurrencies. All the way up to 150X, the crypto trading of cryptocurrency pairings is possible! Investing in the buy or sell and hold margin trading moves of trading pairs is the only need. Is a sponsor of Newcastle United Football Club.

It appears to be an excellent crypto platform. For the purpose of this study, we opted to look at all of the platform’s important features in order to get to the bottom of the matter. It provides a wide range of order types, intelligent tools, and intelligent trading techniques to help its clients. With its user-friendly account opening procedure and sample account, it is unlike many other online crypto trading platforms, which frequently have tight and restricted KYC requirements.

How people can use StormGain?

Using the StormGain trading platform is a piece of cake. In this portion of our StormGain evaluations, we’ll take a look at how to get started on this platform. To ensure the safety and reliability of new customers, companies use the KYC (Know Your Customer) registration procedure. A trading platform must, on occasion, deny access to select customers for regulatory reasons. That’s why the registration procedure is so straightforward and accessible for everyone who wants to join the online crypto exchanges platform, which has been designed to address this issue. All that is required is an email address from the customer and a deposit of USDT 50 or more.

Active traders can use StormGain trading tools

For each and every sort of trader and investor, it knows exactly what they need in terms of trading tools. StormGain offers a unique set of features that you won’t find anywhere else online. In addition to charting tools and leverage choices, it provides crypto traders with the support they need to take their trading and investing portfolios to the next level.

Cryptocurrency derivatives, which clients deposit in USDT on their account, are traded on the platform. Deposit incentives are also given out by this service. The lowest investment at StormGain is $50, and you may leverage that money up to 100X using the tools it provides by using just that small of a deposit.

It’s important to remember that leverage exchange is thrilling, but it also has the inherent danger of losing money in a short period of time. You can leverage up to 1000 USDT with a minimum trade size of just 10 USDT. We recommend that customers with little or no trading expertise employ risk management tactics and purchase or sell in accordance with their risk capacities in order to stay safe when using leverage exchange.

What are StormGain’s trading fees?

StormGain has minimal fees, so it is well-known among cryptocurrency investors. It’s a crucial component in the platform’s rapid rise to prominence in such a short period of time (i.e. since 2019). There are different fees depending on the cryptocurrency a customer wants to exchange. StormGain exchange costs and fees ranging from 0.15 percent to 0.5 percent for the position, to give you an idea. With competitive exchange costs, it is in line with the major quick currency exchange sites. It’s easy to generate money using StormGain’s exchange fee structure since there are so many options for doing so.


Webull is a relatively young online broker, having been founded in 2017 and debuting in May 2018 with only a mobile app. Webull’s most crucial target market, millennials, were well-represented in this mobile-first launch. In order to attract newer and more active traders, Webull is positioned itself to offer a wide range of services for free, including no account minimums, commission-free trading of stocks/ETFs and their options, as well as several cryptocurrencies for free. For the self-directed investor, Webull has a less complete product than its full-service rivals. The Webull platform is a wonderful one, with a large selection of useful tools and features, as well as attractive profit rates for consumers. With this information, you’ll be able to determine if Webull is the correct broker for your portfolio.

Who can use Webull?

It is Webull’s exclusive focus: to provide a mobile brokerage software that simplifies the process of stock trading, purchasing cryptocurrencies, and trading options for novice investors. To do this, the platform has a vibrant community of users. It’s kind of like an in-house version of Twitter where you can pick up some trading tips and tricks.

Both in terms of platform design and marketing focus, Webull is clearly vying with Robinhood for the business of rookie investors. Webull, on the other hand, has more tools than Robinhood, such as individual retirement accounts (IRAs), watch lists, notifications, screeners, paper trading, and sophisticated charting choices, according to our research.

Webull, on the other hand, has a number of significant downsides. According to the top online brokers for beginners, there is a lack of instructional resources that forces novice investors to go off-app and study on their own, while the Webull community is always there to help. Webull does not allow the purchase of mutual funds or bonds, nor does it allow the trading of futures or currency. Also, the quality of the customer assistance is dreadful.

To begin with, Webull offers 11 cryptocurrencies, with the intention of adding more in the future. It also charges fee rates on crypto trades that are competitive for a platform geared toward beginners. Consider that there is no means to transfer your money off of the platform, making it ineffective for anyone who is serious about trading cryptocurrencies.

People who have some trading expertise but are disappointed by Robinhood’s constraints may benefit the most from Webull, according to our opinion. But advanced features given by the finest online brokers may be more suited to intermediate investors.

Webull Fees and Commissions

Webull, like the great majority of online brokerages today, does not charge any trading commissions for stocks and ETFs (ETFs). There are no inactivity penalties or monthly maintenance costs either.

Webull does not charge any commissions or contract costs for trading options, unlike the majority of other online brokerages. However, not everyone has the means to participate in this type of trading: Once you’ve completed an application, you’ll be able to trade options based on your understanding of options, risk tolerance, and financial resources.

Webull’s commission-free trading comes with an essential proviso, similar to many other online brokerage platforms: the business gets money for order flow. For the sake of this explanation, a third-party market maker is defined as the entity that pays Webull for the order flow.

Webull is reimbursed regardless of whether or not the trades are helpful to its users, and this is true regardless of whether or not the transactions are profitable to Webull’s customers. In other words, the $0 price tag on trades may come at the expense of perhaps delayed trade execution or poor pricing for your orders. As with the “free” trading of fiat currency, a 1% fee is included in any prices that are displayed on the platform for Webull.

Fees on deposit and withdrawal

ACH transfer and U.S. domestic wire transfer are two ways to deposit monies into a Webull brokerage account from a U.S. bank account. ACH transfers are free, however, there is a daily transfer limit of $50,000 from your bank account to the Webull account. The financial amount that may be transferred by wire transfer is greater, but there are expenses associated with it.

To deposit or withdraw money from their Webull brokerage account, non-U.S. bank account holders must employ an international wire transfer. A fee-free or ACH method is not available.

Platform and technology of Webull

This software is really user-friendly and well-designed. All of the charts, graphs, and data sources don’t feel overwhelming to inexperienced investors because of the clean, minimalist layout.

Apart from the outstanding mobile app, Webull also has an online platform and a desktop application that can be downloaded. The user interfaces on both are intuitive and straightforward to use.

There are two types of market data available with Webull: fundamental and technical. Level 1 trade data, which contains the highest bids, is available to all users. For specific security, Level 2 data indicates the range of bid/ask prices. Level 2 data is free for new customers for three months; after that, it costs $1.99 per month.

Webull’s community is one of its most distinctive features. Members of the community have access to a private Twitter stream where they may comment on stock news and specific stocks, as well as publish comments on price fluctuations.

Those who correctly anticipate the future growth or fall of specific equities are rewarded with Webull points by Webull. For entry into paper trading competitions, users can exchange their Webull points for phony portfolios in an attempt to win real money. Gamification and social media work together to keep people interested without forcing them to actively trade.

Research and Education at Webull

Aside from its paper trading option, Webull’s instructional materials for new investors are lacking. A news blog with numerous sources is provided, but no educational content, such as blog posts or video tutorials is offered. There are also no online courses or webinars.

New investors may find the Webull community to be a useful resource, but participation is required, and the feed is only as good as the people who keep it updated.

For new investors, Webull encourages them to use Ticker Tocker, a service that links them to mentors and trading coaches across the world, however, the service costs between $10 and $1,000 depending on the user’s demands. On this service, we haven’t vetted the quality of guidance or mentorship.


Early on, Robinhood was seen as a game-changer in the brokerage business. Trading stocks, options, and cryptocurrencies didn’t cost any more money for it since it didn’t have to pay commissions. Since commissions have been abolished by most brokerages, this advantage has been eliminated. Due to a simple interface and a focus on the essentials, Robinhood has grown a strong brand and a loyal following among young, tech-savvy investors in spite of growing cost competition. Cash management services and a recurring investment feature have recently been implemented by the broker in an effort to attract new clients and improve the financial connection with existing customers alike.

A surge in popularity for a firm, like Robinhood, has inevitably led to more scrutiny. Additionally, the platform has been criticized for unexpected outages and trade limits during volatile market conditions in recent years. This led to accusations of a conflict of interest, which sparked class-action lawsuits and drew the attention of lawmakers. As we examine whether or not Robinhood is a good investment for your portfolio, we’ll go into some of this information.

Who can use Robinhood?

Because of its large user base of 31-year-olds, Robinhood has clearly positioned itself as a good option for those looking to invest for the first time, even if it is in tiny amounts through fractional shares. The app and website are simple to use because of Robinhood’s inherent simplicity. To get started with bitcoin investment, Robinhood is a good place to start. You’ll be able to trade Bitcoin, Ethereum, and other cryptocurrencies on their platform. A new options trading platform from Robinhood has made the broker a viable alternative for options traders, despite worries over the quality of trades.

Ease of use

In terms of setup and use, Robinhood is a breeze. If you prefer to use a smartphone or tablet to monitor your investments, Robinhood is a great option because of its simple mobile app. To have the same experience as the app, you may utilize the web-based platform. The order types and asset classifications available on both systems are identical.

When you first open the app, you’ll see a line graph showing the worth of your portfolio and your purchasing power. Using the search option, you can quickly pull up a stock’s chart in several time frames from the bottom of the screen. In this section, you’ll find data on the stock’s highs and lows, market capitalization, and price-to-earnings ratio (P/E). Also included are a news feed, a composite of analyst rankings, and a corporate overview for Robinhood At any time, the trade button can be clicked to place an order.

Overall, Robinhood’s software is easy to use and performs well. You should be aware that the software can’t be customized in any meaningful way to suit your own trading preferences. In addition, there are no charts or in-depth research capabilities in the mobile app.

Mobile and internet failures occurred during the late-February and early-March 2020 market spikes. Their systems were unable to manage the “extraordinary demand,” according to a blog post written by the company’s owners, who promised to upgrade their systems.

Trading experience

Trading on Robinhood’s online or mobile platforms is a breeze since it’s easy and quick. For novice investors, Robinhood includes all the features they need to get started trading, but more seasoned traders may be disappointed by the lack of familiar features. Basic watchlists, stock quotations, and analyst ratings are all available on Robinhood, as well as recent news and Bloomberg TV streaming. When using Robinhood, you receive exactly what you see on the website or mobile app. There are no preset order sizes, chart time periods, or any other options.

For investors who prefer straightforward trading software without all the bells and whistles, Robinhood is a mobile-first brokerage. Traditional large-broker firms provide a more comprehensive set of instruments. Conditional orders, multiple orders, or staging orders for later entry are not supported by the platform, thus trading cannot be done straight from the chart. Use trailing stops and stop-limit orders, however.

Trading technology used by Robinhood

It’s difficult to compare Robinhood’s payment for order flow data to its competitors because it doesn’t publish its trading information. Whether or whether you get the best potential pricing for your deal depends on how your broker routes your request. Pricing improvement is the term used to describe this optimal price. Similarly, Robinhood does not release its pricing improvement stats.

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Ethereum Price Prediction Daily (30-Jan): ETH Getting Ready To Explode! Watch This Triangle Pattern



ETH Getting Ready To Explode! Watch This Triangle Pattern forming in the 4-hour timeframe

Ethereum triangle pattern from a previous analysis Urgent! The Most Important Support For Ethereum Right Now!

In our previous Ethereum analysis Urgent! The Most Important Support For Ethereum Right Now! we talked about the ETH $1,477 key support currently holding in the 4-hour and why it is important for the ETH bulls to defend this key level at all costs!

Well since posting that TA, the ETH price has developed a much clearer pattern in the 4-hour timeframe. And we believe this new pattern can help us understand what to expect from the Altcoin in the coming days.

In this Ethereum analysis, we will be talking about the new Triangle Pattern forming right now and how this could lead to a bullish surge in the ETH price soon!

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ETH Triangle Pattern!

The Triangle Pattern is a well-known continuation pattern used by professional traders to time exactly when a trend wants to continue.

For Ethereum, that trend continuation could involve a bullish rally-up in prices in the coming days.

The image above is a typical example of what this rally could look like for the ETH bigger picture. And when we compare that image to what is currently forming in the Ethereum 4-hour timeframe, we see a lot of similarities in the patterns.

If this bullish prediction plays out we can easily see the Ethereum price rallying up to the $1,848 price level in no time!

ETH Getting Ready To Explode! Watch This Triangle Pattern forming in the 4-hour timeframe
ETH Getting Ready To Explode! Watch This Triangle Pattern forming in the 4-hour timeframe

What Should We Be Expecting In The Coming Days?

Knowing how the market works, and understanding the market is designed to try and cause as much pain as possible, we believe there is a very high probability that we might see Ethereum try to fake out sellers to the downside before finally bouncing and starting the Triangle Bullish rally higher.

This bearish fakeout could easily see the Altcoin price testing the $1,477 key support again in the coming days before reversing!

So we will be keeping an eye out on Ethereum for this potential sell-off before the rally begins and will remain bullish on the ETH price as far as the Altcoin continues to trade above and respect the $1,477 key support.

ETH Getting Ready To Explode! Watch This Triangle Pattern forming in the 4-hour timeframe
ETH Getting Ready To Explode! Watch This Triangle Pattern forming in the 4-hour timeframe

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You can speed up your learning journey by reading our How To Trade Bitcoin Guide. This guide is the best for crypto traders who wants to get familiar with the basics of Bitcoin trading. You can also check out our top list of Best Bitcoin Exchanges To Trade With.

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The Federal Reserve Is Expected to Implement Tactics That Could Help BTC



The Federal Reserve Is Expected to Implement Tactics That Could Help BTC

The price of bitcoin has shot up in recent weeks and is now trading for over $17K. There is high anticipation that another bull run could be heading our way given that Jerome Powell – the head of the Federal Reserve – is slated to make a speech in the coming days about what the agency’s plans for inflation are.

Could the Federal Reserve Aid BTC for Once?

It is believed that Powell will announce soft inflation tactics, meaning his organization will be able to incorporate methods of fighting further price hikes without running the economy any more than they already have. If this happens, bitcoin could well be on its way to another high point. Danni Hewson – financial analyst at broker AJ Bell – explained in a statement:

The latest U.S. jobs data had something of a ‘Goldilocks’ quality about it, with jobs growth robust enough to hint that the miraculous ‘soft landing’ might still be a possibility for the U.S. economy, while still delivering a slowdown in wage growth which should placate a twitchy Fed.

The Federal Reserve has long been at the center of bitcoin’s ongoing (and horrendous) plight. The currency has been falling into oblivion for about 12 months, the main reason being that the Federal Reserve has been adamant about ongoing rate hikes. These hikes are put in place as a means of fighting inflation, but the fact remains that they haven’t done much when it comes to curbing the prices of food items and gasoline.

By contrast, all they’ve really done is make it so that nobody can afford a car or a house. In addition, crypto prices have been beaten to a bloody pulp and are only starting to show signs of coming back.

Some are not so sure that the Federal Reserve will be able to make such a move just yet. In December, a report emerged showing that job growth had significantly slowed down during the final months of 2022, more proof that the economy was still in an unstable position.

However, Richard Carter – head of fixed interest research at Quilter Cheviot – commented that it was, by contrast, a testament to how far things have come. He stated that despite jobs dying in recent weeks, the country is in a relatively stable position. He commented:

The latest U.S. jobs data is another reminder that the world’s largest economy remains largely intact despite what inflation did in 2022. Attention now turns back to the inflation data to get a better steer on how long the Fed’s hawkish behavior will last.

Soft Tactics May Be Arriving

Susannah Streeter – senior investment and markets analyst at Hargreaves Lansdown – further explained:

Expectations have risen that aggressive moves by the Federal Reserve are finally bruising the resilient labor market and wounding a wage spiral.

Tags: bitcoin, federal reserve, Inflation

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Binance Coin Reaches Bullish Exhaustion and Faces Rejection at $320



Binance Coin Reaches Bullish Exhaustion and Faces Rejection at $320

Jan 30, 2023 at 16:30 // Price

The price of Binance Coin (BNB) has been moving in the zone of uptrend since the beginning of the rise on January 14. After reaching a high of $314, the cryptocurrency’s price started to fluctuate below the barrier again.

Binance Coin price long term forecast: bullish

The digital asset is currently in a downtrend after retesting the $320 barrier. However, the uptrend will resume if the recent retracement remains above the 21-day line SMA. If BNB breaks above the $320 resistance, it will continue to rise and retest the overhead resistance at $359. On the other hand, if BNB falls below the moving average lines, it will return to its previous low at $249. At the time of writing, the altcoin is currently trading at $307.90.

Binance Coin indicator display

BNB is declining and is currently at level 59 on the Relative Strength Index for period 14. Since BNB is in the positive trend zone, it is set to rise. The fact that the price bars are higher than the moving average lines suggests that the price of the cryptocurrency will continue to rise. Above level 25 of the daily stochastics, the altcoin is in a bullish momentum.

BNBUSD(Daily Chart) - January 30.23.jpg

Technical indicators:

Key resistance levels – $600, $650, $700

Key support levels – $300, $250, $200

What is the next direction for BNB/USD?

BNB has dipped below the moving average lines on the 4-hour chart, but has risen above the 50-day line SMA. The altcoin is currently between the moving average lines. If it crosses SMA on the 21-day line, the cryptocurrency will gain value. In the meantime, if buyers fail to break the resistance level, the sideways movement could continue.

BNBUSD( 4 Hour Chart) - January 30.23.jpg

Disclaimer. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol. Readers should do their research before investing in funds.

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