Directional move coming? - #TradingOutlook Powered by KTG

Directional move coming? - #TradingOutlook Powered by KTG

With BTC’s price becoming more compressed, will we finally get a directional move? BTC entered last week with signs of strength and hope for the bulls, on the back of rejection from the downside on Friday, a weekly close above lower band of $26,500 - $31,050 range and an early rotation to the upside on Monday. Later in the day, the momentum started to wane instead of building. BTC got to its first challenge at $27,700 but was too weak on the approach and started backing off. Tuesday was a re
May 23, 2023
Market still in the range? - #TradingOutlook Powered by KTG

Market still in the range? - #TradingOutlook Powered by KTG

Last week was interesting, with a lot going on in the crypto space and the market moving. BTC entered last week weak on the back of ETH Foundation selling, and FUD around Binance after it halted withdrawals over the weekend. On Monday, Binance did it again and BTC pressed down throughout the day. On Tuesday, the market traded sideways in preparation for CPI on Wednesday. The upside was tamed as more negative news was coming with Jane Street and Jump pulling back from trading crypto in the US
May 16, 2023
Range-bound trading continues? - Powered by KTG

Range-bound trading continues? - Powered by KTG

Will this week mark the end of range-bound trading…or not? Last week was packed with events and data which had a potential to give the market direction, but nonetheless it stayed range-bound. BTC started last week (a new month) weak after an attempt to push the price higher and attack the 2023 high failed. We had a selloff just after we opened for May and continued through Monday. FRC troubles, which were putting downward pressure on bank stocks and helping BTC in the previous week, finished
May 9, 2023
Re-evaluate your biases #TradingOutlook - Powered by KTG

Re-evaluate your biases #TradingOutlook - Powered by KTG

An increased volatility, combined with low liquidity requires constant re-evaluation of biases. BTC started last week trading in the range established in the previous weekend after an earlier sell-off. It registered a false-breakout first to the upside on Monday and then to the downside later, sweeping out liquidity on both sides of the range. It looked like sellers who were pressing the market down in the previous week lost steam and couldn’t send the market lower. Buyers gained the upper h
May 2, 2023
WOO X and WunderTrading integrate for superior copy-trade, optimum price execution

WOO X and WunderTrading integrate for superior copy-trade, optimum price execution

The integration will allow WunderTrading users to trade a wide range of cryptocurrencies directly from the WunderTrading platform, leveraging WOO X’s powerful trading tools, deep liquidity, and zero-fee trading. Experienced traders can now enjoy superior copy-trading and optimum price execution with the successful integration of WOO X and WunderTrading, a trading software that allows users to automate advanced crypto strategies and benefit from its spread trading terminal. “We are excited to i
Apr 26, 2023
A sign of bearish weeks ahead? #TradingOutlook - Powered by KTG

A sign of bearish weeks ahead? #TradingOutlook - Powered by KTG

We had a very busy and interesting week last week. This was so even though we didn’t have any major macro news coming out. As early as the start of last week, BTC showed weakness. It started rotating to the downside after range-trading on the weekend and was pressed down throughout the day. Sellers were not able to finish the day below key support at $29,200. That gave the market a relief rally early on Tuesday to cover the whole Monday down-move and BTC started consolidating. This time, buye
Apr 25, 2023
Time for a breakout #TradingOutlook - Powered by KTG

Time for a breakout #TradingOutlook - Powered by KTG

After three weeks of trading within the same range, could price compression lead to a breakout for BTC? Last week saw boring price action for BTC. Monday was the only exception when the weekly low was set at $27,180 following ISM Manufacturing and a CT rumor regarding a Red Notice for CZ. BTC then bounced back up when CZ denied the rumor, which caused short-covering. Early on Wednesday, BTC set the weekly high at $28,814 before drifting down. In recent days it’s been trading sideways around
Apr 11, 2023
Range-bound trading continues #TradingOutlook - Powered by KTG

Range-bound trading continues #TradingOutlook - Powered by KTG

BTC’s range-bound trading continues. Or…will there be any surprises ahead? BTC is still staying in the range - for more than 2 weeks already. We entered last week trading in the middle of it. On Monday, BTC sold off and retested the lower band at $26,500 on the back of the news that CFTC sued Binance and CZ over regulatory violation. However, sellers couldn’t push the market lower even though FUD kept on building. As the market didn’t want to go further down, it eventually went back up - sho
Apr 4, 2023
Rest week ensues #TradingOutlook - Powered by KTG

Rest week ensues #TradingOutlook - Powered by KTG

A rest week ensues after a strong rally last week, with BTC trading in the range and buyers losing steam. Are there obvious opportunities that traders are missing? We entered last week with buyers still having the upper hand. They were pressing the market up with retracements to higher and higher levels being bought, hence posting higher lows. However, they were not able to push the market decisively upwards as buying pressure around highs was easily absorbed by sellers. The market was gettin
Mar 28, 2023
Alpha Circle solves information asymmetry in crypto trading

Alpha Circle solves information asymmetry in crypto trading

In a bid to provide relevant market information and insights to crypto traders leading to high trading confidence and performance, WOO Network has commissioned Alpha Circle, an independent Twitter handle managed by market analysts who will decrypt cutting-edge trading alpha and give clarity to complex market trends. “The trading community lacks a dedicated avenue to create and share relevant pieces of information and analyses to allow traders to maximize their trades. Our mission for Alpha Circ
Mar 27, 2023
The Ascension - Meet the winners

The Ascension - Meet the winners

For four consecutive weeks, traders on WOO X fought a fierce battle to reach the top of the WOO X leaderboard. Some have succeeded, where many others have failed. With the completion of The Ascension, it is now time to recognize those who’ve truly ascended, as well as the many lucky ones who’ve made the right call to follow ‘The Worshipped’ ones. Here is the list of winners for the campaigns ‘The Gathering’ and ‘Spread the Word’. Winners from 'The Gathering' Top 10 Most followed traders i
Mar 24, 2023
Strong uptrend in play #TradingOutlook - Powered by KTG

Strong uptrend in play #TradingOutlook - Powered by KTG

A strong uptrend is evident in the crypto markets right now. How far will we go? BTC continues to be very strong, benefiting from liquidity injected to the banking system and working as a safe haven for those diversifying out of banks and fiat money. On top of that, it finally broke out of the 9-month range. BTC entered last week strong, although a bit tired on Monday after a sharp up-move late on Sunday caused by the Fed, US Treasury and FDIC’s intervention to save SVB and prevent spillover e
Mar 21, 2023
How to reduce your tax bill with tax loss harvesting

How to reduce your tax bill with tax loss harvesting

Lower your tax bill by making sure that you count all your losses, especially last year when the market suffered a downturn. We’ve teamed up with crypto tax calculator Koinly to present a guide to crypto tax loss harvesting. Before we jump into tax loss harvesting tips, let’s go over the crypto tax rules real quick. In many jurisdictions, crypto is generally viewed as a capital asset - like property or stocks. That means when you dispose of a capital asset, you’ll realize a capital gain or los
Mar 17, 2023
Introducing WOO X achievements - Earn your rights to unlock exclusive perks!

Introducing WOO X achievements - Earn your rights to unlock exclusive perks!

Receive exclusive rewards for completing tasks or achieving milestones on the WOO Network ecosystem and show them off on the WOO X trading platform as special achievements! WOO X achievement is our way of honoring and rewarding our crypto trader community. Each achievement, which comes with its own specific set of bonuses and perks, can be earned by trading on the WOO X platform, completing set actions, or helping the community. Once collected, achievements will be pinned on users’ profiles to
Mar 3, 2023
Join the Zero-fee Revolution with WOO X VIP Matching Program

Join the Zero-fee Revolution with WOO X VIP Matching Program

In 2021, WOO X became the first cryptocurrency exchange to provide real zero-fee trading for both spot and perps markets. Even today, we are considered to be the only exchange to do so while not sacrificing liquidity or spreads, making WOO X truly the ideal platform for sophisticated traders to unlock their full trading potential. Today, we are excited to announce the expansion of our VIP Matching Program to the public. If you’re already trading at another exchange with a VIP status, you may be
Dec 2, 2022

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