Xcel Token

It’s important to first understand encryption before we get into the main topics of this piece. Encryption is a method or mechanism that empowers you to hide your message or data in a way that only the sanctioned people can access. The origins of encryption can be traced back to the times of the great Julius Caesar. Caesar used this method to send his private/ confidential messages. Caesar’s method, normally known as Caesar’s Cipher is one of the most unpretentious methods of encryption. Compared to it, today’s encryption systems are much more complex and advanced. Today, extremely complex algorithms are employed to convert practical information into an unintelligible format. Once encrypted, the message/data can only be decrypted using the proper keys, known as ‘Cryptographic Keys’. Basically, a cryptographic key is a password that is used to encrypt and decrypt information. There are two types of cryptographic keys, and they are, Symmetric Key and an Asym...

This article is a continuation of the introduction blog written on the Stochastic RSI . The StochRSI was developed by Tushar S. Chande and Stanley Kroll and comprehensive in their book "The New Technical Trader," first published in 1994. While technical pointers already existed to show overbought and oversold levels, the two developed StochRSI to improve sensitivity and generate a greater number of signals than traditional pointers could do. The StochRSI deems something to be oversold when the value drops below 0.20, meaning the RSI value is trading at the lower end of its predefined range, and that the short-term direction of the underlying security may be nearing a low a possible move higher. Conversely, a reading above 0.80 suggests the RSI may be reaching extreme highs and could be used to signal a pullback in the underlying security. Along with identifying overbought/oversold conditions, the StochRSI can be used to identify short-term trends by looking...

The Stochastic RSI (StochRSI) is an indicator used in technical analysis that varies between zero and one (or zero and 100 on some charting platforms) and is shaped by applying the Stochastic oscillator formula to a set of relative strength index (RSI) values rather than to typical price data. Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold. To put it simply, Stochastics and RSI are based off of price, Stochastic RSI originates its values from the Relative Strength Index (RSI); it is essentially the Stochastic indicator applied to the RSI indicator. The StochRSI oscillator was developed to take benefit of both motion indicators in order to create a more delicate indicator that is tuned to a specific security's past performance rather than a comprehensive analysis of price change. The Formulas For the Stochastic RSI (StochRSI) are: StochRSI = RSI − min [ RSI ] ​  ...

MACD is an abbreviation for  M oving  A verage  C onvergence  D ivergence. This tool is used to recognize moving averages that are representing a new movement, whether it’s bullish or bearish. Our utmost significance in trading is being able to find a trend, because that is where the most money is made. With an MACD chart, you will usually see three numbers that are used for its settings. ·        The first is the number of periods that is used to calculate the faster-moving average. ·        The second is the number of periods that is used in the slower moving average. ·        And the third is the number of bars that is used to calculate the moving average of the difference between the faster and slower moving averages. How to Trade Using MACD Because there are two moving averages with dissimilar “speeds”, the faster one will no...

Recently, the CEO of XcelLab Gyanendra Khadka has announced the release of the upgraded version of the popular XcelToken, with the aim of changing the ecosystem of utility tokens around the world. “XcelToken Plus” is the upgraded version of XcelToken , which is an ERC20 token on the Ethereum Blockchain Platform, that is painstakingly crafted with the purpose of driving mass adoption of crypto in the mainstream industries at touch our lives, building and fostering a large crypto-community within the hospitality, retail and gaming sectors. For example, travel industry alone is worth over $7 trillion and is growing at over 11% per annum. XcelLab is proud to announce that XcelToken Plus is now available for trading on 14 well reputed exchange platforms under the ticker name XLAB . Here’s a list of platforms that one can now use to trade the utility token- XcelToken Plus (XLAB) on: ABCC - A world-class Digital Assets Exchange, aiming to provide a frictionless, us...

As mentioned yesterday we will be going over Ichimoku Cloud trading structure, which does not need any extra pointers on the chart. This Ichimoku trading strategy is relevant for every trading instrument and timeframe. Placing a trade when the price closes outside the cloud This technique could also be coined the Ichimoku Breakout Trading Strategy . This is because the trade trigger occurs at the point the price breaks through the cloud.  First, you open your trade in the direction of the respective breakout and then hold the position until the security breaches the Kijun Sen (blue line) on a closing basis. Sequence of Events When analysing the price action for potential trade entries, we walked through the following sequence of events: First , the price of Intel goes through the Tenkan Sen (red) and Kijun Sen (blue) in a bullish fashion. Although these indications are bullish, we still need extra approval to take a long position. Second , the price o...

Ichimoku Kinko Hyo translates as “one look equilibrium chart”. It was designed specifically for quick and easy decision making. Ichimoku Kinko Hyo is a gauge that looks compound to traders with 5 seconds attention spans. Once you know what it does, it makes your crypto trading choices way faster though. Mastering Ichimoku Cloud transaction really brings you one step closer to the actually realistic goal of crypto trading : Creating high-probability verdicts without costing you your whole day inspecting your Trading View charts. Ichimoku Cloud Lines Explained The Senkou and The Kumo “Senkou span” is the name for the borders of the filled cloud, or “Kumo cloud”. The span is filled with green color in case the market is bullish. It will turn red in bearish markets, when the two spans swap. Senkou lines are major support/resistance areas - they attract the price. Traders set their entries, exits and stops around them - usually leverag...

The concept of  liquidity   has many facades to it. One way to define liquidity is “the ability of an asset to be converted into cash readily on demand”. An additional way of viewing at it is when any asset can be bought or sold at its fair price. Liquidity thus means that there aren’t discounts or bonuses devoted to it during buy or sell and it’s easy to enter and exit the asset. It is believed as more of an item is accepted and sold, the chances of charging premiums or giving discounts lower and such an asset usually trades around ‘what it is worth’. The forex market is often defined as a liquid market with an average turnover of more than $5 trillion daily as of April 2016 according to the Bank for International Settlements (BIS) while real estate is a classic example of an illiquid asset. Property as an asset is less liquid, requiring huge investments into physical form, monotonous procedures and smaller market.  Liqu...

Before we get into the story of The Tulip Mania, we ought to understand economic bubbles , what they do and how they come about? A bubble is an economic cycle categorized by the rapid escalation of asset prices followed by a contraction. It is created by a surge in asset prices unjustified by the fundamentals of the asset and driven by excited market behaviour. When no more investors are eager to buy at the preeminent price, a huge sell-off occurs, triggering the bubble to deflate. How a Bubble Works? Bubbles form in economies, securities, stock markets and business sectors because of a change in investor behaviour. This can be a real change — as seen in the bubble economy of Japan in the 1980s when banks were partially deregulated, or a paradigm shift — which took place during the dot-com boom in the late 1990s and early 2000s. During the boom, people bought tech stocks at high prices, believing they could sell them at a higher price ...

We have already understood game theory and its usage in cryptoeconomics, in this blog we will look at the problems that might come with using game theory in a decentralised, distributed system. Lets quickly look at the problems that it might cause: Despite the incentive structures and game theory mechanics driving honest behavior in the Bitcoin network, there are some important issues that are widely recognized. Centralization of mining as a result of mining pools has led to concerns that the reinforcing Nash Equilibrium of the system can be compromised through a 51% attack. This is where malicious miners control enough of the network hashing power to fork the blockchain, overriding the coordination game played out by a decentralized network of miners. Due to this, some view incentive mechanisms as not particularly necessary or only necessary as a last resort of cryptocurrency platforms due to the complications in system logic that they create. The empirical proble...

To understand how game theory works within the sphere of Cryptocurrency we need to get through the basics first. To know more about game theory and how it’s used in cryptoeconomics keep reading on. Let’s first get a feel for Game theory . It is essentially the study of logical decision making made by players within the clear parameters of a classification (game, scenario, etc). It uses mathematical models and can be applied to economics, psychology, logic, computer science, distributed systems, and more. Game theory can be seen as a microcosm of human behaviour under set conditions wherein certain inducement structures and mechanisms can lead to predictable and honest behaviour by players. In a archetypal game theory scenario, there are 3 primary components: Players, Strategies, Outcomes. Players are the users that make decisions. Strategies are the manoeuvres that players make while simultaneously taking into account possible strategies of other players. The conclusi...