Immediate Fortune is an all-in-one crypto trading and charting platform that allows you to understand the crypto market. Suppose you want to decide whether or not it is worth trading a particular coin. In that case, you can look at its historical data and technical analysis available on the trading platform.
That way, you'll have a better idea about how the crypto world operates. Furthermore, you can also get instant updates and insights about the movements in the prices of cryptocurrencies. It's no secret that the crypto market is highly volatile, but that shouldn't discourage you from entering the market.
If you want to enter the crypto world, then you need to know about the factors that can impact the prices of cryptocurrencies. And that is only possible by carrying out due diligence before starting your crypto trading journey.
With the robust features available on Immediate Fortune, you can find out how the prices of cryptocurrencies will play out in the future. You can access various charting tools, training materials, historical data, and other features that can help you learn about crypto trading.
On top of that, Immediate Fortune also provides you with real-time portfolio performance tracking. This will help you know about the portfolio's valuation in the wake of a massive change in the crypto market. The robust portfolio analytics allow you to stay on top of the price movements and fluctuations taking place in the market.
To summarize it, Immediate Fortune gives you streamlined trading and portfolio management experience. You can focus on understanding the changing market conditions and making relevant trading strategies without worrying about the technicalities of the platform.
Immediate Fortune aims to make things easy when using the platform. It streamlines the tedious and mundane tasks involved in a crypto transaction. As a result, traders can focus more on making the right trades rather than dealing with any technicalities.
Furthermore, the platform is designed to cater to the needs of all traders, regardless of their trading experience. For novice traders, it offers them a wide range of learning materials and basic things so they can become familiar with the crypto trading environment.
On the other hand, experienced and professional traders can use the advanced tools and features that the platform offers to improve their trading skills and strategies accordingly. The platform also gives them to understand the trade signals along with the technical and fundamental analysis.
They can use all the data and information available from the platform to hopefully make decisions that will be well for them in the future. The easy and simple online portfolio management assets allow individuals to keep a check of all their online assets in one place.
You can get a comprehensive idea of the crypto and online asset markets with various analytical tools, like charts, graphs, etc. These tools are designed in a manner to help you identify the changing patterns and trends and leverage the trading opportunities available to grow your asset portfolio. Here are some of the analysis tools that you can get from the Immediate Fortune.
The most commonly used and accurate analysis tool that you'll find on the Immediate Fortune is the candlestick chart. Candlesticks are a graphical depiction of price fluctuations and shifts over a predetermined time frame. The opening and closing asset prices, as well as the low and high price ranges for that particular session, are displayed on each candlestick.
This chart is an amazing option for spotting different market trends for a particular coin. With the use of candlestick charts, traders may quickly and accurately determine whether and how a market's price movement was good or negative. You can spot trends, reversals, and price patterns on candlestick charts, giving you a competitive edge while making crypto trading judgments. As a result, it makes accomplishing your goals and objectives easy.
Another popular analysis tool you can find on the Immediate Fortune is histograms. It is a kind of bar chart that shows how an asset's price changes distributed over a predetermined time frame, like three months.
A variety of price changes are shown by each bar. An important thing to note is that knowing about the historical price changes for a cryptocurrency is vital for your decision-making process. Also, remember that the bar's height represents the trades' frequency or volume that took place throughout that time frame.
You may spot trends and indications, including resistance levels and probable holding or breakout zones, using histograms and other charts on the Immediate Fortune.
Any expert or apprentice wanting to gain an advantage in the cryptocurrency markets and trade with complete autonomy needs to have access to these analysis tools. That is what Immediate Fortune aims to do so with its wide range of charts. You may potentially make wise trading decisions and stay on top of the game by utilizing these features and tools together with the platform are other resources and guides.
Customization allows you to make your trading experience more engaging. And that is an option you can get from Immediate Fortune. You can alter the colors in the charts if you like to use specific shades or colors, like red, yellow, etc., to spot themes and patterns quickly.
Furthermore, are you one of those traders that need many monitors or screens when working? If so, you'll be able to streamline things by always having more graphs and charts available to you on the Immediate Fortune. Add the markets you want to target and analyze them with the help of customized charts and graphs.
Last but not least, bar charts are another strong and useful tool that helps you with technical analysis. Using this tool, you can potentially make wise trading decisions since you'll have a better idea about the changing market conditions. Just like the candlesticks, bar charts also offer a graphical picture of price fluctuations throughout a period on the Immediate Fortune
A bar chart, which you might also know as an OHLC (open-high-low-close) chart, shows how the asset prices have changed over a predetermined amount of time, such as one minute, two hours, or a whole trading day. Bar charts are a handy and valuable tool for trading and analysis decisions because they can be used to spot trends and price patterns.
Altcoins are also known as all the other cryptocurrencies apart from Bitcoin (BTC). There are a few experts that categorize altcoins as all other cryptocurrencies apart from Bitcoin and Ethereum (ETH) since most coins are branched from either one of the two.
A few altcoins use a different consensus mechanism for opening new blocks and validating the transactions. They try to differentiate themselves from BTC and ETH by offering new or extra capabilities. Most developers who come up with altcoins have a different vision or use their crypto coins for tokens.
You can find tens of thousands of altcoins in the market that are available in different types, depending on what they were designed for. Predicting the value of the altcoins is merely impossible due to the high volatility. But if the blockchain they were designed on is used continuously, then there is a good chance their value will continue to rise.
The term "altcoin" is derived from two different terms: alternative and coins. As mentioned earlier, it will refer to all the cryptocurrencies and tokens that are not Bitcoin.
Altcoins remain and belong to the blockchains that they are particularly designed for. Most of the altcoins are forks (breaking the blockchain that isn't compatible with the original chain either from Bitcoin or Ethereum). There can be different reasons why these forks may occur. But the most common one is that a certain developer or group will disagree and eventually leave to create their own crypto coin.
Another thing to note is that most altcoins will be used within their respective blockchains to achieve something, for example, ether is used to pay transaction fees on the Ethereum blockchain. On the other hand, a few developers made forks of Bitcoin in competition with Bitcoin for a payment method like Bitcoin Cash.
The most popular example of an altcoin is ether, which wasn't forked from Bitcoin. Instead, it was created by a group of people with notable names like Vitalik Buterin and Dr. Gavin Wood.
It is no secret that the crypto market is highly volatile. While it might be intriguing for some who want to make quick money through day trading, others might have a long-term perspective in their mind. Therefore, they would want something that offers much more stability in the crypto world.
That is where stablecoins come into play. These types of altcoins mitigate the overall uncertainty in the market by pegging their value with a basket of goods, such as precious commodities (gold, silver, platinum) or fiat currencies (USD, Pound, EUR).
The basket will serve the purpose of a reserve through which coin owners can redeem their money if the stablecoin fails or faces any issues. Some popular examples of stablecoins include stablecoins.
Last but not least, the payment tokens are also considered an altcoin. As the name suggests, this type of cryptocurrency can be used as currency. This means you can use this token payment to exchange value between parties. One such example of a payment token is Bitcoin.
As the name implies, these types of coins are inspired by a particular joke or an online trend on different social media platforms. They usually gain popularity due to the hype created in a short period. Therefore, traders who are looking for potential opportunities in the short run may opt for Meme Coins.
The most popular meme coin available in the market is DogeCoin which was hyped by many influencers, including Elon Musk. Many people referred to the summer of 2021 as thousands of meme coins entered the market.
The highly volatile crypto market makes it difficult to understand the possible future for altcoins. Since there are no financial metrics or statements, assessing the value of a single altcoin can be difficult. Nevertheless, you should keep a long-term perspective in mind when purchasing altcoins.
It is an optimal choice if you want to diversify your holdings within the cryptocurrency markets with less costly options than Bitcoin. But keep in mind that cryptocurrency is still finding its way through the global economy. So it is best to have a cautious approach to crypto trading.
The answer to this question is based on various factors such as the trader's risk tolerance, their long and short-term goals, beliefs, etc. You should consider all those things beforehand and then decide whether you should trade Bitcoin or altcoins.
As a trader, it is important to understand the advantages and disadvantages before making a trading decision. When it comes to trading altcoins, the biggest drawback is that they have a relevantly smaller market capitalization than Bitcoin. Bitcoin retains around 30% to 40% of the overall crypto market capitalization.
Furthermore, the altcoin market is limited, with only a few number of traders. As a result, there is thin liquidity when cashing out your holdings. Additionally, you'll come across a wide range of "dead" altcoins that led to huge financial losses for traders. It can be complicated and confusing for traders to make trading decisions since distinguishing the different altcoins based on their use cases can be difficult.
Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), Bitcoin Cash (BCH), and Tether (USDT) are some of the most popular altcoins that you can find in the market. Before trading any altcoin, you should understand what its purpose is.
This will greatly impact the valuation of the altcoins in the long run. You can then decide whether or not that particular altcoin is the right option for you.