BuyUcoin Affiliate Program FAQ’s

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For getting started in the BuyUcoin Affiliate program.

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What do I have to do to make more money with BuyUcoin?

BuyUcoin provides each affiliate with an affiliate link that can be shared anywhere with anyone. The affiliate needs to bring in as many as users to the platform and get them to trade also which in turn will result in more commissions and a lot of rewards deposited in his BuyUcoin waller.

Where do I share my affiliate links on the internet?

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Sellers Step In As Bitcoin Soars, But Could Lead To Short Squeeze Higher

Bitcoin price nearly hit $13,000 today after an almost $1,000 intraday candle tapped the remaining bear market resistance keeping new all-time…

Bitcoin price nearly hit $13,000 today after an almost $1,000 intraday candle tapped the remaining bear market resistance keeping new all-time highs at bay a little while longer.

With so many traders in profit, short-sellers have stepped up in a major way, opening millions in positions betting big that the recent uptrend will soon reverse. However, with so much money on the line, a potential setup for an epic short squeeze could keep the cryptocurrency trucking right along – which these short sellers might actually be perfectly fine with. Here’s why.

Bitcoin Aims For $13,000 Next After Bullish $1,000 Intraday Impulse

Days ago, an analyst claimed that once Bitcoin got going, it would be like a bulldozer. After revving its engines on last week’s bullish news that Square Inc. had purchased over 4000 BTC, Bitcoin exploded like the wrecking machine it is known to be with an over $1,000 breakout candle.

The move sent the cryptocurrency flying to a new 2020 high but stopped short of $13,000 and before retesting the 2019 peak. Almost a year and a half later, the resistance level has never been retested.

📉 $2,474,759 worth of #bitcoin SHORTED @$12673.9 [21/10/20 15:22:10]
💴💴💴💴💴💴💴💴💴💴
🏭 https://t.co/ORkzPSCXX5 | $BTCUSD

🗣️Stakening is here!🥩🥩🥩 – LUKACACIC

— WhaleTrades 🐳 (@WhaleTrades) October 21, 2020

And it might not get there, according to whales shorting Bitcoin on ByBit. A position worth $2.5 million in BTC was taken before the cryptocurrency made its last push higher.

Bears Are Bulls In Disguise: Short Sellers Hedge Spot Holdings

A TD 9 sell setup perfected with the last 4-hour candle open, causing the short-term pullback. As of right now, the price of Bitcoin is higher than the whale’s short entry.

If Bitcoin price continues to rise, this whale and others that opened up sizable shorts could be forced to cover and squeeze prices soaring much higher.

4H TD 9 sell setup triggered as short-sellers hedge spot Bitcoin holdings | Source: BTCUSD on TradingView.com

If this occurs, $13,800 could be taken, and a higher high in Bitcoin finally set. Even if a pullback later resulted, after Black Thursday’s higher low, a high timeframe higher high would be telling that a new bull market has begun.

However, Bitcoin could also turn around here, as these short traders are betting on. With the US election just two weeks away, markets could get hairy. Stocks have already started to fall, and while Bitcoin appears to have decoupled, a rug pull cannot be ruled out.

Short sellers could also not be bears at all. Smart money traders may simply be hedging their spot holdings in BTC, after accumulating for months on end. A short trade keeps holding’s value high if prices begin to drop, yet if Bitcoin continues to rip, what little is lost in a well-placed stop loss is well worth the cost of some peace of mind and capital protection.

Spot holdings increasing as the cryptocurrency climbs would offset any risk presented by getting stopped out at a loss on a short. That’s why shorting resistance, is such a no brainer in terms of risk versus reward.

These sellers do risk squeezing prices higher if they have to close their shorts or are stopped out. But while it happens, they’ll be smiling all the way to the blockchain, as their crypto holdings will have increased all the while.

Featured image from Deposit Photos, Chart from TradingView.com

Bitcoin Nears Bullish Breakout, But Volume Has Yet To Come

Bitcoin has very few resistance levels left to clear before a new bull run is on, and the leading cryptocurrency by…

Bitcoin has very few resistance levels left to clear before a new bull run is on, and the leading cryptocurrency by market cap returns to price discovery mode in search of its next all-time high.

And while that break out into a bull market draws nearer with each passing day, so far, there’s no volume to support the bullish breach through resistance that crypto investors are hopeful for. Here’s what to look out for when Bitcoin does finally break out with volume.

Bitcoin Reclaims August 2020 Peak, Sets New Yearly High

Bitcoin price is trading at $12,750 currently, just today setting a new high for the year following bullish news that PayPal would be supporting cryptocurrency payments across its 26 million merchants.

The positive news caps off a string of big corporate buyers absorbing a lion’s share of the limited BTC supply. Between the buying activity in such sums, and the post-halving block reward reduction, demand has begun to outstrip supply and thus prices are skyrocketing again.

The cryptocurrency has very few resistance levels above here that it must contest with before the bull run is on. $10,000 acted as a crucial level, but the volume from the move up wasn’t enough to keep Bitcoin pumping.

Volume has since dwindled further, with Black Thursday acting as the peak for the year. But when Bitcoin finally does break out and there’s volume to support it, the crypto asset may never look back.

Bitcoin currently lacks volume to support bullish breakout | Source: BTCUSDT on TradingView.com

Top Ranked Cryptocurrency Lacks Volume To Support Bull Breakout, For Now

Looking at past major breakouts that follow periods of falling trading volume, the moves are sizable when they finally do occur.

The breakdown from Bitcoin’s round one bear market descending triangle, send the cryptocurrency to its bottom. The next breakout was bullish, causing the cryptocurrency to fly back toward $13,800.

Then, Bitcoin broke down again from $10,000 in late 2019 and set off a second bear market. That downtrend culminated with Black Thursday, and Bitcoin has been on an uptrend ever since.

But the volume still isn’t here. When it arrives, however, a similar-sized move as what was seen in late 2018 and early 2019 could happen again, and send Bitcoin soaring from 50% to 300% in a matter of weeks.

It would require volume to move the needle that far, but doing so would also cause Bitcoin’s bull market to begin, so long as when the move arrives, the direction is up.

Featured Image From Deposit Photos, Chart from TradingView.com

Crushing Bitcoin Dominance Could Decimate Altcoins Through Q1 2021

The DeFi boom and an explosion of ROI across altcoins helped bring bullish sentiment back to crypto, and it helped push…

The DeFi boom and an explosion of ROI across altcoins helped bring bullish sentiment back to crypto, and it helped push Bitcoin above $10,000 and hold the key level for the longest stretch ever.

But while altcoins had regained some lost ground against the most dominant cryptocurrency, BTC dominance has potentially reversed, and if closes the weekly above a key level, altcoins could be decimated throughout the end of the year and into early 2021.

BTC Dominance Closing Above Mid-Bollinger Band Could Crush Altcoins Into Satoshi Dust

Bitcoin price is once again flirting with resistance at $12,000, while the rest of the financial world collapses around it. Stocks are falling, gold took a small setback, and altcoins are bleeding out as investors exchange the tokens for BTC.

The capital rotation out of altcoins and back into Bitcoin could be what is behind the recent strength in the leading cryptocurrency by market cap while the rest of finance flounders.

Bitcoin dominance climbing while alts suffer clearly shows this process in action. Profit-taking from the summer of DeFi gains has kept Bitcoin resilient even in the face of a string of negative news, exchange hacks, and more.

A weekly close above the mid-BB moving average could be a sell signal for altcoins | Source: BTC.D on TradingView.com

Combined with institutional and corporate money starting to come in, Bitcoin could outperform the rest of the crypto market, but it is all contingent on a weekly close above the mid-BB.

Past instances where BTC.D was able to close above the mid-BB – the moving average the Bollinger Bands are calculated from – resulted in a strong push to the upside, decimating alts in its wake.

Bitcoin Bull Run Could Leave Alts Behind, Just Like In 2019

The last time BTC dominance broke up and left altcoins behind, was in 2019 when Bitcoin exploded to as high of $13,800.

The leading cryptocurrency by market cap is more bullish this time around, and only has that resistance level above $12,000 to contend with before a new all-time high is set.

Investors know this, and could be moving capital out of altcoins and into Bitcoin, as BTC.D shows.

Past weekly closes above the mid-BB moving lead to 38% on average move | Source: BTC.D on TradingView.com

The last two weekly candle closes above the mid-BB, resulted in a push to the top Bollinger Bands, and an average of a 38% rise. Another rise of similar stature would take BTC.D to as high as 83% dominance.

Such a fall would completely erase the entire 2017 crypto bubble and the impact altcoins had in terms of price increase. If this happens, even with Bitcoin’s valuation rising, altcoins could be further crushed into dust.

Featured image from Deposit Photos, Charts from Tradingview.com

Analyst: Bitcoin’s Dominance to Peak in December, Sparking Altcoin Buying Frenzy

Bitcoin has seen a massive upswing over the past couple of days that brought a firm end to its consolidation phase…

Bitcoin has seen a massive upswing over the past couple of days that brought a firm end to its consolidation phase and is now allowing it to confront its key resistance around $12,000.

This level has been holding strong as resistance, and throughout the year, any break above this level was met with heavy selling pressure that catalyzed intense selloffs.

Bitcoin has also been guiding the market over the past week, but this trend appears to be shifting – as altcoins sold-off today while BTC saw a strong and sustainable move higher.

This is quite unusual, as typically altcoins move in tandem with the rest of the market.

One explanation for this may be a trend seen while looking towards BTC’s market dominance, which is beginning to rebound and may continue surging for the next couple of months.

While speaking about this possibility, one analyst stated that he is watching for Bitcoin to continue seeing growing dominance over the aggregated market for the coming few weeks and months, before it peaks in December.

At this time, altcoins may be able to recapture their momentum and rally higher.

Bitcoin Approaches $12,000 Resistance as Buyers Take Control

At the time of writing, Bitcoin is trading up nearly 2% at its current price of $11,930. This is around the price at which it has been trading throughout the past few hours.

The strong move that helped lead the crypto up to these highs did not create a tailwind for the aggregated market, and BTC’s push higher actually has come about at the expense of altcoins.

There’s a strong possibility that this trend will persist in the near-term, as investors appear to be fleeing altcoins in favor of BTC at the moment.

Analyst: BTC Dominance Likely to Continue Climbing Until December

While mapping out Bitcoin’s dominance over the market, one analyst explained that he expects it to continue rising for the coming couple of months before peaking in December.

At this time, altcoins may begin seeing rallies that allow them to catch up to BTC, but until then, they may continue underperforming.

“BTC: Regarding the dominance; still the same figure here. December is the period to buy altcoins.”

Image Courtesy of Crypto Michael. Source: BTCUSD Dominance on TradingView.

The coming few days may shine a light on this possibility and validate or invalidate if Bitcoin’s dominance will really continue rising for the coming few months.

Featured image from Unsplash.
Charts from TradingView.

Bitcoin Rallies While Stocks Stumble: Is The Correlation Decoupling Finally Here?

Bitcoin price has rallied more than $300 intraday, meanwhile, the S&P 500 has fallen almost ten basis points in the same…

Bitcoin price has rallied more than $300 intraday, meanwhile, the S&P 500 has fallen almost ten basis points in the same time period. Is this the fabled stock market crypto “decoupling” that analysts claimed was coming, or is this just an anomaly before a return to the ongoing correlation between the vastly two different markets this year?

Bitcoin Blasts Higher While The S&P 500 Stumbles Lower, What Gives?

The leading cryptocurrency by market cap has had an explosive day. The cryptocurrency began the day bullish late last night after Sunday night’s weekly close.

The relatively neutral finish closed as green as bulls pushed Bitcoin price up higher over the weekend from late Friday lows. As the Monday morning weekday trading sessions began, however, Bitcoin began to really soar.

In a flash, Bitcoin reclaimed $11,500 and made another $300 push higher, topping out thus far at just over $11,800. Continuation above and beyond this point would take Bitcoin price back to the $12,000 range.

What’s also notable about Bitcoin’s intraday performance, is that it is taking place all while the stock market sees a considerable setback.

The coming election and the potential end of a secular bull market hang in the balance of the remainder of the year. 2020 has already been one for the record books, both in terms of the challenges, the year has presented, but also in terms of how tightly the stock market and crypto have been correlated.

This correlation, however, appears to have ended as you can see in the chart below.

S&P 500 Versus Bitcoin 2020 Correlation Chart | Source: BTCUSD on TradingView.com

Crypto And Stock Market Decoupling Afoot? Or Is This Yet Another Correlation Anomaly?

Bitcoin’s latest pump has pushed prices higher, while stocks have fallen, has analysts who called for a decoupling handing out high-fives and cheering about their victory.

But it may be too soon for celebrating, as this isn’t the first time the correlation deviated briefly. In the zoomed-out chart below, there’s no denying how tight the correlation has been throughout the year so far.

S&P 500 Versus Bitcoin 2020 Correlation Chart | Source: SPX on TradingView.com

However, just as clear, are two divergences between the two asset’s price action. Both times, had Bitcoin climbing higher for roughly forty days before stocks followed suit.

Could the current divergence be nothing more than another anomaly in what has otherwise been a nearly exact correlation, or is this the decoupling underway?

Analysts behind the theory believe that Bitcoin fundamentals and network growth will soon send prices higher, regardless of what the stock market or S&P 500 is doing.

Featured image from Deposit Photos, Charts from TradingView.com