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💬 Could stablecoins be - Trading Myth vs Reality: Rising Wedge
❌ Myth
"A rising wedge is a bullish signal; buy immediately once the pattern completes."
✅ Reality
Proper rising wedge trading requires confirmation:
1.A clear break below the lower line (2 confirmed closes)
2.Volume increase on the break
3.A pullback that doesn't break above the lower line
💡 How to trade correctly:
· Wait for the pullback after the break
· Set stop-loss above the upper line
· If price breaks above upper line, volume must confirm or it's a false breakout
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Coincheck to start handling Blood Crystal (BC) at its exchange
Cryptocurrency Trading Exchange Coincheck announced on December 9, 2024, that it will start handling Blood Crystal (BC) on its exchange service.
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Table of Contents
Coincheck announced on December 9, 2024 that it will start handling Blood Crystal (BC) on its exchange service.
Blood Crystal (BC) is a virtual coin that can be used in the blockchain game 'Eternal Crypt - Wizardry BC - (Ekuwizu)', which can be played for free on browser, iOS, and Android. It can be used to purchase in-game items, level up adventurer NFTs, and introduce new adventurers.
Coincheck started handling BCToken on December 16, 2024, through its exchange service, and this time it has been reported that it will start handling BCToken through its new sales service.
The exchange is a service where you can buy and sell virtual coins with Coincheck as a trading partner, and it has the feature of being able to buy and sell easily from smartphone apps and browsers (please be aware that there may be a significant difference between the purchase price and sell price).
It has been reported that trading on the exchange will start from 13:30 on December 18, 2024, and as a result, it will be possible to accumulate BCToken through 'Coincheck Tsumitate' and the total number of tradable assets on the exchange will be 29.
Overview of BCToken handling at the exchange
【Start Date and Time of Handling】
December 18, 2024, 13:30 (scheduled)
【Cryptocurrency Name (Ticker Code)】
Blood Crystal (BC)
[Target Service]
・Coincheck Exchange
・Coincheck Tsumitate
【Orderable Quantity】
At the beginning of the handling, the maximum order quantity for both purchase and sell is equivalent to 10,000 yen in JPY. There is no limit to the number of orders per day. The maximum order quantity may change in the future depending on the market conditions.
Source: Coincheck Official Announcement
Written and translated by the BITTIMES editorial department.
Thumbnail: Quoted from the official announcement of Coincheck