Cryptocurrency Derivatives Exchange Bybit Launches Trading Competition

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bitcoin Press Release: Derivatives Exchange Bybit has officially started its first Trading Competition on Twitter. The competition will run from April 8th to May 6th, 2019.

April 11, 2019, Singapore – Singapore-based global derivatives exchange Bybit has launched a new Trading Competition for users to match their skills against one another in the hunt for over $6,000 in total prize money. The trading competition will see participants demonstrate their trading mastery in an attempt to place among the top 5 traders at the end of the period to qualify for a prize pool worth over 6,000 USD, and the 1st place prize is 3000 USD.

The best traders will be calculated using ‘Realized Profit and Loss’, which means that all traders can fairly participate, regardless of factors like trading volume. Interested Individuals can join by following Bybit on Twitter, retweeting the Competition Poster, having at least 0.02BTC in deposits in a Bybit account, and filling out a brief registration form. Bybit will DM all participants on Twitter to confirm registration and send out a $20 Competition Bonus.

The registration will take place from April 8th to 15th and the competition will run from April 15th to May 6th. Additionally, any weekly retweets of the campaign posters from April 8th to May 6th will enter participants into a Weekly Raffle to win a Ledger Nano S. For a full list of terms see here.

Welcome Bonus

Bybit is also offering a Welcome Bonus to all new traders so they may try out the platform at no risk to themselves. The Welcome Bonus will reward new users registering on the platform with a $10 Bonus and an additional $50 Trading Bonus with an initial deposit of at least 0.2 BTC for a grand total of $60 of Trading Bonus. Only the initial BTC deposit will count towards the Trading Bonus.

The Trading Bonus is a margin amount transferred directly to client’s bitcoin wallets and is meant to be used for trading on the platform. It cannot be withdrawn but can be used for trading fees, order margin, funding fees and to cover potential losses. Profits made from the Trading Bonus can be freely withdrawn, but doing so would forfeit any Bonus remaining

About Bybit

Bybit is a global cryptocurrency derivatives exchange established in March 2018 and registered in the BVI. It is headquartered in Singapore and has offices in Hong Kong and Taiwan. We have users from all over the world including North America, Europe, Russia, Japan, South Korea, and Southeast Asia. We are focused on serving everyone from individual retail clients to professional derivatives traders. Our technology team includes experts from numerous leading companies such as Morgan Stanley, Tencent, Ping’an Bank and Nuoya Fortune.

Our liquidity ranks second because we put our clients first.

To these ends, we provide a professional 24/7 multi-language online customer support and direct access to our CEO via Twitter.

Our matching engine never overloads with over 100,000 TPS dedicated to every single trading pair, and our servers are never down with our grey release feature and hot patches released on the go. Lastly, all funds are kept safe with our Hierarchical Deterministic Cold Wallet System storing all assets. All of these and much more are what makes Bybit committed to creating a fair, transparent and efficient trading environment for all.

Currently, the products on the platform include BTC/USD and ETH/USD perpetual contracts and Bybit will soon launch EOS/USD, XPR/USD and LTC/USD perpetual contracts.

Find out more about Bybit on the Official Website – https://www.bybit.com/?regist_channel=PR2
Chat on Telegram – https://t.me/BybitTradingChat
Check out Bybit on Twitter – https://twitter.com/Bybit_Official
Follow Bybit on LinkedIn – https://www.linkedin.com/company/bybit-fintech-limited/
Follow Bybit on Facebook – https://www.facebook.com/bybitfintech/?modal=admin_todo_tour
Stay up to date on Medium – https://medium.com/bybit

Media Contact Details
Contact Name: Joseph Imbruglia
Contact Email: [email protected]

Bybit is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

Published at Sat, 13 Apr 2019 10:41:18 +0000

June 1, 2017

Bitcoin Price Analysis: Best Month Finishes With Potential for Bigger Highs (and Lows)

bitcoin just had its best month since November 2013.

Price found a top last week at nearly $2,800, which was a 200 percent rally from the ETF rejection low posted in March 2017. That trend remains immensely bullish with trading volume hitting record levels across the world, especially in Asian countries. South Korean exchanges continue to hold large premiums over the rest of the world. Even LocalBitcoins, a worldwide OTC exchange for bitcoin, broke an all-time high (ATH) in volume this past week. OKCoin.cn and BTCC resumed bitcoin withdrawals yesterday after being under regulatory halt by the People’s Bank of China.

Although block support for bitcoin Unlimited and SegWit remains largely unchanged over the past few weeks, UASF/BIP 148 has grown in support among nodes. Even with the Silbert agreement, UASF-supporting nodes continue their defiant rise.

Traders still seem to have doubts about UASF/BIP 148 on a technical level, however. It’s likely that most will not attempt to try and understand the pros and cons and just hope for the best, with the understanding that SegWit is a superior option to any alternative at this point in time.

The close for this past week’s weekly candle was an ugly one for the bulls. bitcoin has never broken to the upside on the next week with a wick of that magnitude on the weekly chart. Despite this improbability, price is headed to retest local highs or, in this case, ATH.

Should a tweezer top form on the weekly chart, it would be a strong confirmation signal for a ceiling top in the interim with a strong pullback to the mean of trend and/or a previous all-time high around $1,300. As a correction of the multi-week bull rally occurs, look for price to revert to mean and find support at a previous diagonal multi-week support/resistance level.

Bollinger Bands, a measure of volatility and quiescence, on the four-hour chart show a break of price to the upside, a bullish continuation sign.

Perhaps the most bullish sign of all on low timeframes is the lack of a bearish 50/200 EMA cross on the one-hour chart. The lack of a significant cross, which last occurred after the ETF rejection, is also a sign of bullish continuation. Price was held up by the R4 yearly pivot as well while “resetting” the EMAs.

I view these resets as refueling for the established trend. A sufficient pullback with profit taking has occurred with plenty of time for reaccumulation. A break of the R5 pivot and ATH would be immensely bullish, signaling a run well beyond to about $4,000–5,000. Another scenario would be to make lower highs and higher lows until the UASF occurs on August 1.

Summary

Record volume continues worldwide, showing strong demand for bitcoin, even at record highs.
How a UASF on August 1 will affect price is a massive uncertainty. Although SegWit implementation, which is all but guaranteed at this point due to both sides of the scaling debate acknowledging its importance, would be extremely bullish from a scalability standpoint, getting there will likely be a bumpy ride for price. Any complications with the activation of BIP 148 would be immensely bearish in the short-term.
Technicals suggest another push for testing ATH. The roadmap from there includes a bearish tweezer top, a bullish break of previous ATH or a largely sideways price action until after the UASF on August 1.

The post Bitcoin Price Analysis: Best Month Finishes With Potential for Bigger Highs (and Lows) appeared first on Bitcoin Magazine.

Cryptocurrency Derivatives Exchange Bybit Launches Trading Competition

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Bitcoin Price Analysis: Best Month Finishes With Potential for Bigger Highs (and Lows)

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