USD/JPY Price Forecast: Consolidation Ahead of Japanese Elections
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10/06/21 10:53
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Forex or Crypto swing trading is a trading style based on identifying swings in the market. Since these swings can take a while to develop, swing trading is most often done over the course of several days or market cycles. If visualized as surfers, traders who utilize this method are out to catch and ride big, long waves. However, in order to catch those waves, traders first need to identify major pivots in the market. What is a Pivot Point? For Crypto or forex traders, it is imperative to know what pivots are and how to spot them. Pivots are the points in the market where price changes direction, from bullish to bearish to bullish, etc. There are important points in price, and there are less important points. Swing traders will not focus on minor pivots, while scalpers will try to take advantage of every minor pivot found. How to Identify Major Pivot Points for Crypto or Forex Swing Trading Major pivot points are easier to spot. They tend to form near support and resistance levels, or they themselves create a new important level. These are points where buyers and sellers are very active. Minor pivots form more regularly and randomly. -
The listing of LSK on the named CEX, with their 20M+ user base will expose LSK to a different set of traders who prefer or actively use the trading platform esp utilizng their copy trading product. This expanded reach could result in increased trading volume, which is often viewed positively in the crypto space. -
By XTRAVAGANZA · Posted
I just learned about the recent listing of Lisk's utility token LSK on Bitget exchange, I'm curious to understand how this new development might impact both the token itself and the overall Lisk project. Apparently, this listing on Bitget adds another major exchange to the roster, alongside well-established platforms like Kraken, Kucoin, Binance, and OKX. This increased availability on different exchanges generally enhances liquidity and accessibility for traders and investors. More exchange listings can potentially attract a broader audience and bring in new participants to the Lisk ecosystem. To LSK token holders, I'm interested in hearing your thoughts on this recent listing on Bitget. Do you believe it will have a significant impact on the token's value and the project's trajectory? How do you see this development fitting into Lisk's broader goals of making crypto and Web3 accessible to everyone? Let's discuss and share our insights
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