PetrixSys redefines people’s trading experiences by providing high-level insights through its AI trading bot. The platform makes crypto trading seamless as it helps people make informed decisions instead of trading with bias.
With PetrixSys, people can stay in tune with trends through AI-driven data analysis. Users can also follow and copy trades from expert traders. The platform is user-friendly. Hence, it accommodates new and experienced traders. People can trade on PetrixSys 24/7 and capitalize on every market opportunity.
Anyone who wants to enhance their trading experience should create an account on PetrixSys. To start, they should submit their names, email addresses, and phone numbers. The platform will give them trading tools right away.
The ability to predict crypto price movements contributes to making informed decisions. To help people take objective steps in their trading, PetrixSys’s AI bot forecasts the prices of cryptocurrencies over a period. It achieves this by using technical and fundamental analyses. Want to predict price movements for improved decision-making? Register on PetrixSys.
PetrixSys provides order book data, trading volume, price data, liquidity, and market sentiment indicators. It also analyzes other cryptocurrencies and helps traders make informed decisions. To access these market insights, people should register on PetrixSys.
Traders can buy, sell, or exchange coins on PetrixSys 24/7. The platform is open to everyone worldwide, regardless of their time zones. It is always active and does not observe breaks, weekends, or holidays. Create an account on PetrixSys to start trading.
PetrixSys is secured from cyber attackers. People’s personal information, accounts, and funds are protected. The platform also makes it safe for traders to make transactions. Need a safe trading platform? PetrixSys is the answer. Register to start.
Besides optimizing traders’ performances, PetrixSys educates them about cryptocurrencies. The platform shares crypto terms, types, architecture, risks, and analysis methods. So, people can trade on PetrixSys while learning about cryptocurrency. Need more information about cryptocurrency? Sign up on PetrixSys.
People planning to trade on PetrixSys can register for free. PetrixSys only requests people’s names, emails, and phone numbers for registration. The process is fast. The platform is user-friendly and easy to navigate. Register for free on PetrixSys to start trading.
Once people register on PetrixSys, the platform provides all trading tools. The AI bot is enabled for each trader, and they can start to receive market insights and monitor price movements. Create an account on PetrixSys and access all trading tools.
A cryptocurrency is a decentralized digital currency. That is, a central authority does not control it, and it is bought, sold, and exchanged over the Internet. While people trade cryptocurrencies to seek gains, they sometimes lose due to high market volatility and risks. Popular cryptocurrencies are Bitcoin, Ethereum, Dogecoin, and Solana. PetrixSys explains the cryptocurrency infrastructure below:
A crypto wallet stores people’s addresses and passkeys for initiating transactions. A custodial wallet gives a third party full fund control and passkey access, while the trader only gives permission to send and receive payments. A non-custodial wallet gives traders full control of their funds and passkeys.
This processes transactions and payments between merchants and customers. With a payment gateway, there is no slippage, and people can accept payments from anywhere worldwide. People also have someone to contact when issues arise. On the other hand, it charges more transaction fees. If hacked, people will lose their funds.
This is a computer that participates in a blockchain network. It validates transactions, maintains security, and decentralizes the network. The more nodes, the more decentralized a blockchain network will be. Blockchain nodes are light, authority, pruned full, lightning, staking, and archival full. While Ripple is selective with nodes that participate, most blockchains let every node participate but with Bitcoin leading.
An oracle connects a blockchain network with other systems or data sources. With an oracle, a blockchain can access information like stock prices and weather data. An oracle is categorized based on its information source, information flow direction, and trust model. Information source oracles are software, hardware, and humans, while information direction flow oracles are inbound and outbound. Trust model oracles are centralized and decentralized.
A light node works on devices with limited processing power and storage, such as smartphones and tablets. It only downloads relevant transaction information instead of the whole blockchain. It depends on the full node; hence, it is faster and more efficient but less secure.
An authority node is approved by the community or organization managing a blockchain. It limits access to a blockchain to prevent cyber attacks. A pruned full node has limited memory and prunes blocks by deleting them chronologically from oldest to latest. Despite deleting blocks, it keeps their metadata and sequence.
A lightning node connects a blockchain and the lightning network. This node is used on blockchain networks with high transaction fees and slow processing. It allows people to stake on a proof-of-stake cryptocurrency network and earn rewards. An archival full node stores all the transactions on a blockchain.
A hardware oracle collects real-world data with physical devices such as sensors, actuators, and Internet of Things (IoT) devices. This oracle translates the data to codes that smart contracts can understand. A use case of a hardware oracle is using IoT sensors to track a shipment’s location and condition.
A software oracle gets data from software systems or online sources, such as websites and APIs (Application Programming Interfaces). These data include asset prices and weather. This oracle only needs the internet and can update data in real time. For instance, this oracle can get the latest crypto prices from Binance and add them into a smart contract to execute trades.
This is controlled by a single entity that provides smart contracts with data from an external source. It is efficient and protects against game theory attacks. Yet, it poses huge threats to Ethereum Blockchain. Its maintenance and architecture are not well invested in, contributing to its vulnerabilities.
This oracle receives data from different sources. This way, it increases its trustworthiness and eliminates counterparty risks. It uses multiple node operators, consensus mechanisms, and token incentives to provide data in a trustless way. It is used for businesses running multiple plans at different times and needs higher investment and maintenance. A decentralized oracle is faster but not secure.
An inbound oracle brings information from an external source into a blockchain. For instance, an oracle can check the Ethereum price and send it to a DeFi (Decentralized Finance) smart contract.
This oracle sends data from a blockchain to external systems. It connects the on-chain and off-chain environments. An example of the outbound oracle’s operation is a smart contract sending a notification to a person’s phone after receiving deposits in their Bitcoin wallet.
This is a self-directed retirement account crypto traders use to hold their cryptocurrencies and altcoins. This account is only available through cryptocurrency exchanges, not traditional banks and brokerages. A crypto IRA allows diversification, as traders can buy stocks and bonds from different sectors through investment funds. It also hedges against inflation.
The account offers tax-free withdrawals and tax-deferred growth. A trader’s tax advantage depends on whether they fund their account with after-tax or tax-deferred dollars. On the other hand, the account is affected by regulatory issues, volatility, and security problems. Regarding regulatory issues, firms that provide self-directed IRA service providers are less responsible than registered investment advisors.
Cryptocurrencies are extremely volatile. Their value is derived from investor demand and speculation. So, when an investor’s confidence in a cryptocurrency reduces, its price can reduce beyond recovery, affecting an IRA. Also, an IRA is prone to fraudulent activities and cyber attacks like phishing scams and hacking.
Technical analysis evaluates price patterns and trends to determine potential trading or investing opportunities. It also determines future price movements. The technical analysis indicators include momentum indicators, moving averages, chart patterns, price trends, and oscillators. Momentum indicators measure the rate at which a cryptocurrency’s price changes by comparing its current price with that of a specific period. If there is a huge price difference, it means the price is moving quickly and has a strong momentum.
Moving averages measure a crypto’s average price over a specific period, usually 15-200 days. It generates buy and sell signals and smooths out price volatility by creating a consistent trend line. Types of moving averages are MESA adaptive, Kaufman’s adaptive, convergence divergence, exponential, and double exponential. Chart patterns visually represent market movements and help traders understand their market sentiments. These patterns can be triangular, symmetrical, ascending, or descending.
Oscillators provide traders with oversold and overbought signals. Common oscillators include stochastic oscillators, relative strength index (RSI), money flow index (MFI), and rate of change (ROC). A stochastic oscillator compares a particular closing price of a cryptocurrency with a price range over a period. The RSI detects oversold and overbought signals by measuring the speed and volume of a cryptocurrency’s recent price change. The MFI identifies overbought and oversold signals through price and volume data.
Fundamental analysis measures a cryptocurrency’s strength over a period. It also analyzes factors that can affect a cryptocurrency’s price in the future. These include a country’s consumer behavior, inflation, and interest rates. This approach helps traders decide a position to take in the market and avoid bias. However, it is complicated and time-consuming. Top-down and bottom-up approaches are used when conducting fundamental analysis.
Top-down analysis examines the market from a broader to a narrower perspective. It seeks to understand the market direction and trend through long-term, medium-term, and short-term analyses. The long-term analysis identifies whether a market is upward, downward, or ranging. It assesses momentum and spots resistance levels. The medium-term analysis identifies chart patterns and adjusts resistance levels based on recent price movements. On the other hand, the short-term analysis measures immediate market sentiment and uses candlestick patterns to execute trades.
Bottom-down analysis examines a financial instrument before economic factors or the market. Economic factors that help traders use and understand fundamental analysis are the producer price index (PPI), gross domestic product (GDP), interest rate, yield curve, trade balance, and employment rate. People can trade using fundamental analysis by setting up their accounts on the PetrixSys platform. Click the registration button to start.
Get more crypto understanding by learning some related terms. Here, we shall briefly analyze tokenomics, fear of missing out (FOMO), DeFi, liquidity, consensus mechanism, and halving. Tokenomics (formed from ‘token’ and ‘economics’) is the economic aspect of a crypto token. Factors affecting tokenomics are mining and staking, supply, utility, yields, and mint/burn schedule.
FOMO is a trader’s anxiety when they seem almost excluded from investing in a cryptocurrency with an upward trend. Such people trade or invest with their emotions instead of being rational to avoid missing out on what the cryptocurrency might offer. Want to avoid FOMO? Use PetrixSys’s AI bot to decide which cryptocurrency market to trade in and automate trades.
This peer-to-peer financial system allows people to use cryptocurrencies and blockchain for transactions. It is centralized, as it does not require the control of financial institutions or the associated costs. It is secure, accessible to everyone on the internet, and requires low fees.
This is how fast traders can buy or sell their cryptocurrencies. Despite Bitcoin and other cryptocurrencies being traded 24/7 worldwide, they are less liquid than other assets. Factors affecting Bitcoin liquidity are global financial stress, negative returns, Google search volume, hash rates, term spread, and transaction fees.
This process ensures that all participants in a decentralized network agree on what to include on a blockchain. It functions in place of a central authority. Consensus mechanisms include proof of work (PoW), proof of stake (PoS), delegated proof of stake (DPoS), and proof of authority (PoA).
This is reducing the rewards of crypto miners by 50%. The process is used to control supply and inflation. Bitcoin mining rewards are halved every four years or for every 20,000 blocks added to the blockchain. Bitcoin reward was first halved in 2012 from 50 BTC to 25 BTC.
Just like every other asset, cryptocurrency is highly risky. Hence, PetrixSys aims to help crypto traders mitigate these risks by providing deeper insights into the market through AI. Some crypto risks include price volatility, hacking, and cyber attacks.
Crypto prices fluctuate a lot compared to other assets as it is an emerging market. Its price volatility is influenced by technology, market sentiment, liquidity, and speculation. Crypto is prone to cyber-attacks because it is mostly transacted over the internet. Traders must take extra precautions to prevent infiltration of their accounts. People’s accounts on PetrixSys are secured, reducing the risks of data loss.
🤖 Enrollment Cost | Free of charge enrollment |
💰 Transaction Fees | No transaction fees |
📋 SignUp Procedure | Efficient and prompt registration |
📊 Curriculum Focus | Courses on Cryptocurrencies, the Forex Market, and Other Investment Vehicles |
🌎 Accessible Regions | Excludes USA, available in most other regions |