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Trading Toolkits: Bear Markets Explained
March 29, 2021
MINS
No matter how much investors or traders loath the idea of a bear market, the market is significant and critically essential as it brings sanity to the market. The Bear market presents an incredible opportunity to stack your bags.
Introduction
No trend lasts forever is a fact many successful traders have come to appreciate if they want to stay profitable in the market for a long time. Market cycles change on a dime. Whether the bull or the bear period, successful traders are considered the most flexible business people because of their ability to change with the trends. Although the bear market trend may not be attractive for most traders, it presents unique opportunities for experienced players.
What is a Bear Market?
A bear market is a period where there is a continuous decline of the market’s asset price. The price decline and the general market sentiments, buyers’ low interest, and shorters(hedge funds and scalpers) become more dominant. The period is characterized by a 20% decline of assets from their high in a sustained period of more than two months amidst widespread pessimism and negative investors/traders sentiments.
Until these conditions are satisfied, the market is still very much in its Bull trend; a 10% decline is considered a correction of the market and can present buying opportunities.
What is a Correction?
The trends are never a straight path, especially for a Bull rage market. When you zoom out of the chart of top cryptocurrency Bitcoin, you could find that on a macro level, it’s been on a bull run for years almost since its first creation.
Despite its entry into the current Bull run, which started late last year, it’s normal to expect a few pullbacks now and then as the trend is never a straight path. A Correction is when an asset’s price has fallen only 10% or less and in less than two months like currently witnessed in the crypto market.
How do Investors/Traders Trade the Bear market?
In a real sense, experience players do not care too much about the trends; they profit despite the market’s direction. Each market trend has particular players that make some impressive amount of money because of their role.
In a Bear trend market, the general sentiment is low, selling pressure is high as their little trading actions compared to the overtly positive and hype mode of investors during the bull market. This market is in contrast to the Bull market. The players that thrive the most in this market trend are the Hedge Fund, Hedgers, Shorters, Scalpers, and Day traders.
The Hedge and Hedge fund players’ job is to short the market; because of the overall negative sentiments, the price of assets is expected to decline. Hedgers take their short position and profit on the decline.
Shorters/Scalpers/Day traders take advantage of the volatility on the lower timeframe. Despite the declining trend, there will be periods where the market will have to correct back up a little or have volatility due to one event or another. Generally, these players may act as shorters too, but they profit fast price movements and do not stay in the market for long.
However, the Bear run’s general strategy is that most traders would prefer staying in stablecoins or fiat for the rest of the period. To remain in liquid, especially for inexperienced traders who do not have the skill to navigate a Bear trend.
Why is the Bear market Significant?
No matter how much investors or traders loath the idea of a bear market, the market is significant and critically essential as it brings sanity to the market. Without the Bear markets period of pullbacks, overtly hyped asset price correction would be rampant. The bear trend makes all of the sentiments for future growth possible and can act as a period where experienced and intelligent players accumulate assets.
The Bear market presents an incredible opportunity to stack your bags as Tweeted by this Twitter user and Bitcoin trader.
Phases of a Bear Market
- The first phase comes with increased buying pressure and a high price of assets. Towards the end of this phase, investors start to drop out of the markets and take in profit.
- In the second phase price of assets starts to drop significantly up to 20%, trading activities and investors’ sentiments dive down. And economic indicators that were once positive begin to go below the average. Investors start to panic due to these sudden crashes and negative sentiments; this phase is referred to as the capitulation phase.
- Speculators start to enter the third phase and begin to raise the price of assets and consequently increase the volatility.
- The price of assets continues to drop but slowly in the fourth and last phase. The price drop can go on for two months or more until a renewed positive sentiment can turn the market’s tide and bring in the bull season again.
The Difference Between Bull and Bear Trends
There are simple indicators to identify the differences between the trends;
- Increased buying pressure in a Bull market as a contrast to a Bear market
- Positive sentiments in a Bull in contrast to a Bear trend
- Prices are going up in a Bull but decline for a considerably long time in the Bear cycle.
Another significant indicator in the Bear market is the long periods of consolidation, i.e., sideways or ranging price actions due to its low volatility.
In Conclusion
A Bear or a Correction concept should not be confused as the parameters are not cast in stones; both numbers and durations are arbitral but are generally accepted and widespread. It is advised that traders do not trade against the trend and are always flexible to change.
It’s best to stay out of trades and hold stablecoins or Fiat to avoid catching a falling knife, an activity in the trading system which involves trading against the trend like going long(buying) in a bear market.
Staying away from the market is also a trading strategy, as experienced traders do not always trade. Adhere to the sound economic principle of trading and proper risk management, and you will move an average trader to a proficient successful one in a relatively short period.
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Terraform Co-Founder Do Kwon Arrested in Montenegro After Months on the Run
March 25, 2023
Do Kwon has also been charged with fraud by US prosecutors, who issued an eight-count indictment against him for securities fraud, wire fraud, commodities fraud, and conspiracy.
Do Kwon Caught at Podgorica Airport
Do Kwon, co-founder of Terraform Labs, was arrested by Montenegro police at Podgorica airport while trying to board a flight to Dubai, according to Reuters.
During the encounter, the Montenegrin police discovered forged Costa Rican passports and a Belgian passport in their luggage. The Montenegrin police formally charged the ex-Terra CEO along with a second suspect for allegedly forging official documents before a Podgorica court.
After matching fingerprints with official records, South Korean police confirmed that Kwon was the suspect in Montenegro on Friday.
Within hours of Kwon's detention in Podgorica, the U.S. District Court in Manhattan made public an eight-count indictment against him. This includes two counts each of securities fraud, wire fraud, commodities fraud, and conspiracy.
Allegations Against Do Kwon by SEC
The recent criminal case followed last month's civil charges brought against Kwon and Terraform by the Securities and Exchange Commission.
According to SEC allegations, Do Kwon misled investors regarding TerraUSD's stability and failed to inform them that the coin's price fell below its dollar peg. The value of the token and its underlying cryptocurrency sank to near zero last May, resulting in a sell-off in cryptocurrencies such as Bitcoin, Ethereum, and Tether as a result.
Additionally, the SEC claims that Kwon and Terraform falsely claimed Chai, a Korean mobile payment app, used the Terraform blockchain to process payments.
Worth noting that South Korean authorities issued an arrest warrant for Mr. Kwon last September after determining Terraform Labs had violated capital market regulations.
South Korean officials believed he was in Serbia and sent officials to Belgrade to negotiate since there was no extradition treaty between the two countries.
A Seoul prosecutor told CNN in December that the crypto entrepreneur hid in Serbia after leaving Singapore via Dubai. Kwon was based in Singapore while running the blockchain platform Terraform Labs.
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
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Uniswap Approaches $50M in Weekly Exchange Volume on BNB Chain
March 25, 2023
Uniswap has posted healthy numbers during its first 10 days on BNB Chain, but its activity right now is a fraction of chain leader PancakeSwap’s.
The Beginning of the Uniswap Era on BNB Chain
Uniswap is making inroads into Decentralized Finance (DeFi) on BNB Chain, as the swap volume on the Decentralized Exchange (DEX) approaches the $50 million mark in the past week.
The weekly volume catapulted Uniswap into seventh place among all BNB Chain DEXes, which overall posted a decrease in exchange activity of more than 40% in the past week.
According to DefiLlama, the volume on Uniswap has hovered around $7 million per day since its launch on March 16.
In terms of Total Value Locked (TVL), Uniswap’s TVL of $10.5 million puts it in 13th place among BNB Chain DEXes.
The Battle of the DEXes on BNB Chain has just begun, but after 10 days Uniswap hasn’t yet registered as much more than a blip against dominant DEX PancakeSwap, posting about 3% of the PancakeSwap’s exchange volume and less than half a percent of PancakeSwap’s TVL.
So far ….
What is BNB Chain:
Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
Find more about BNB Chain here:
Website | Twitter | Discord | Telegram | GitHub |
What is PancakeSwap:
PancakeSwap is a multichain Decentralized Exchange (DEX) built on BNB Chain and available on Ethereum and Aptos. It offers users various features such as Liquidity Pools (LPs), swapping, yield farming, Syrup Pools, an Automated Market Maker, Initial Farm Offerings (IFOs), an NFT profile system, and other tools. In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on BNB Chain.
Where to find PancakeSwap:
Website | Twitter | Medium | GitHub |
What is Uniswap:
Uniswap was launched in November 2018 and has grown to become the largest decentralized exchange in its category. It was built open-source on the Ethereum blockchain and uses the AMM model to facilitate Ethereum ERC-20 token swaps.
Much of the progress made in Ethereum-based DeFi expansion is attributable to Uniswap as it provided the market-making utility for Web3 apps to function in a decentralized environment. The platform consistently records daily trade volumes of over half a billion dollars and has a total volume locked (TVL) of more than $3 billion. The platform has traded over $1 trillion since it launched via over 129 million transactions.
Where to find Uniswap:
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
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Pi Chain Mall Withdrawal Function Gains Traction, Records Huge Milestone
March 25, 2023
Pi Chain Mall's withdrawal function has gained huge adoption in the industry, recording over 360K Pi withdrawals since the relaunch.
Top Product on Pi Network
Since Pi Chain Mall (PCM) reopened the withdrawal function on March 1, numerous users have shown interest in utilizing the feature to withdraw their Pi coins. The top Pi Network product recorded a new milestone on March 25.
PCM’s withdrawal function was established to ensure sellers withdraw their real Pi holdings from its large e-commerce marketplace. According to the PCM official Twitter page, over 316,000 Pi coins have been withdrawn by users.
The PCM marketplace is the largest on Pi Network. The protocol allows merchants to place items for sale and receive Pi payments. Through the function, numerous merchants have been able to withdraw profit gained from the platform through sales.
Pioneers can join the PCM mainnet platform by visiting (pipcm.com) on the Pi Browser application and start trading products with Pi coins.
What is Pi Network:
Pi Network is a novel cryptocurrency and developer platform allowing mobile users to mine Pi coins without draining the battery. Pi’s blockchain secures economic transactions via a mobile meritocracy system and a full Web 3.0 experience where community developers can build decentralized applications (Dapps) for millions of users.
Where to find Pi Network:
Website | Twitter | LinkedIn | Facebook | Instagram |
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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BNB Chain's Zero2Hero Hackathon Secures Strong Support
March 25, 2023
BNB Chain's Zero2Hero Hackathon is receiving support from AWS, Google Cloud, and Tencent Cloud, as well as several Web3 partners, for an upcoming blockchain hackathon where participants will compete for cash prizes and a chance to join the incubator program.
Major Tech & Web3 Support
BNB Chain has announced the Zero2Hero Hackathon, the second phase of its six-month online Bootcamp-Hackathon-Incubator program.
The hackathon will take place from April 17th to May 14th, and has garnered support from Amazon Web Services (AWS), Google Cloud, and Tencent Cloud as key strategic technology partners. The event aims to bring together blockchain professionals and developers from around the world to collaborate on projects and solutions that will help advance the blockchain industry.
We spoke to the team to understand more about the exciting development:
“As part of the 6-month Builder Series, the Zero2Hero Hackathon is an exciting opportunity for developers to showcase their skills and compete with the best in the industry. With the support of our strategic technology partners, including AWS, Google Cloud and Tencent Cloud, as well as our Web3 partners such as Chainlink Labs and Axelar, we are excited to bring together a community of talented developers and innovative projects,” said Zoe Wei, Head of Developer Relations at BNB Chain.
BNB Chain has also partnered with several leading Web3 companies for this hackathon, including Chainlink Labs, Axelar, Nodereal, Polyhedra, Hacken, RSS3, and Port3. The hackathon will feature seven tracks, including DeFi, Infra & Scalability, SocialFi, Cross-chain, NFT, Gamify & Metaverse, Greenfield and Innovation. Participants will compete for cash prizes of $15k for 1st place, $6k for 2nd place, and $4k for 3rd place in each track.
During the hackathon, nearly 20 technical workshops will be provided where hackers can learn the latest technologies. Free access to multiple dev resources such as cloud and node services will be available, and the calendar of the tech teams of partners will be open for hackers to book office hours. The judging criteria will lean towards full MVPs projects, although a clean and creative implementation of the feature serving as an excellent example of feature usage is also acceptable.
The 6-Month Builder Series, focused on accelerating Web3 development, commenced its initial phase in February with a Bootcamp featuring sessions in multiple languages. The series will be held in partnership with the Blockchain Center, established by Astana Hub, the largest technopark in Central Asia, and the Payment and Financial Technologies Development Center of the National Bank of Kazakhstan. Other partners included the Blockchain Academy Group, a Hong Kong government-backed program, and Encode Club, a leader in Solidity training.
What is BNB Chain:
Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
Find more about BNB Chain here:
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Weekly Article Recap: 3/20-3/24
March 25, 2023
A recap of notable news from the week.
Recapping the Week in DeFi
Cryptocurrency never sleeps, and neither does crypto news and content. Because of this constant stream of information, it’s difficult for investors to keep track of the most notable news. In this weekly recap, BSC News shares some of the most exciting stories and breaking news events of the week to help you stay up-to-date on all things DeFi.
Arbitrum Airdrop: Which DAOs Received the Most $ARB?
The Arbitrum airdrop was arguably one of the most notable DeFi events from the past week. Projects with a DAO and community treasury also received the airdrops, with the exception of The Protocol Guild. A number of factors were considered for eligibility, including deployment date, transaction volume, and more.
Get all the details in this article.
MetaMask Institutional Unveils New Portfolio Dashboard, ETH Staking Marketplace
MetaMask Institutional launched an advanced version of its Web3 portfolio dashboard for institutional investors featuring cutting-edge tools, including an ETH staking marketplace.
Find more information here.
Core DAO’s Core Bridge Goes Live, Confirms Huobi as Validator
Core DAO has finally launched its highly anticipated Core bridge, paving way for the growth of the Core ecosystem in the decentralized finance (DeFi) world. Powered by LayerZero, the bridge allows users to seamlessly transfer assets between the Core chain and other leading networks. Core DAO has also confirmed Huobi as a validator.
Find more details in this article.
Celer Unveils Brevis: ‘A ZK Ominchain Data Attestation Platform’
Going deep into ZK: Celer Network has launched Brevis, a “Zero-Knowledge (ZK) omnichain data attestation platform” enabling smart contracts to access and compute data from any blockchain.
Learn more about Celer’s ZK solution in this article.
Polygon, Immutable Partner to Build Dedicated Gaming ZK EVM Blockchain
Polygon Labs and Immutable have collaborated to build “Immutable zkEVM”, a zero-knowledge rollup dedicated to gaming. The new solution will have enforceable royalty fees for game developers.
Get all the details here.
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Don't forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for BNB Chain and crypto.
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Disclaimer: This article is exclusive BSC News Premium Content. Premium content is viewable without a membership for a limited time. After the limited time period expires, readers will need to either subscribe or hold a BSC News NFT to view Premium Content. Visit the BSC News NFT website, Discord, and Twitter to learn more about becoming a Premium member.
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