ATNET Crypto Trading Glossary

TA Terms, Trading Techniques, Blockchain Jargon

This is a shortened version of the ATNET’s Crypto Glossary. Visit the original glossary to read the full explanation of each of these terms.

The crypto clossary explains concepts from technical analysis, blockchain tech terms as well as the generic crypto jargon that you see on Reddit and elsewhere. NgU, BGD, DYEC and all that.

Crypto Trading Glossary / Chart Patterns & Technical Analysis

BBands

BBands is the abbreviation for Bollinger Bands™, a popular technical indicator. BBands are available in TradingView basic charting library, with many advanced scripts and BBand strategies added into the script library by users.

Div

Crypto traders use div as a short for divergence.

Divergences are a “level” indicator, they are too vague to justify opening of a position.

Still, they are an important aspect of technical analysis and can give you edge because of how easily they get missed or misinterpreted.

Fibs (Fibonacci Lines, Fib Extention, Fib Retracement)

In technical analysis, Fibs is short for Fibonacci lines. Fibonacci retracement and extension lines are used in technical analysis.

Fibs are not specific to crypto, they are also popular among forex traders.

Ichimoku Cloud

Ichimoku Cloud 101: Ichimoku cloud is a technical indicator suitable best for longer timeframes.

It is developed to give a “single glance” idea about the structure of the market, which is also loosely the meaning of the Japanese term Ichimoku.

This single-glance market information is typically whether the market is weak, strong or possibly approaching reversal.

Scalping

Scalping is a trading method most common in forex, oil and cryptocurrency markets.

Scalping refers to trading technique of capitalizing on small price changes. Positions are typically shortly after they become profitable, collecting a small profit.

Sideways Market

Ranging market is a market that is lacking a trend of direction.

It is not bullish (not consistently marking up) and not bearish (not consistently marking down).

T.K. Lines (T.K. Cross)

In technical analysis, T.K. Cross refers to a crossover of the Tenken and Kinjun lines ( T.K. lines) of the Ichimoku Cloud indicator.

The T.K. lines are sometimes called the balance lines.

Crypto Glossary / DeFi Terms

CBDC

In crypto talk, CBDC stands for central-bank-issued digital currencies, or simply central bank digital currencies.

The topic of CBDC became a hot topic in the blockchain and crypto community after the October 19th, 2020 annual meeting of International Monetary Fund where the FED chairman Jerome Powell had a talk on cryptocurrencies.

While most crypto enthusiasts do not give CBDCs a lot of credit, there are legitimate reasons for such assumption to be wrong.

DeFi

What is DeFi? DeFi is short for degenerate finance. No sorry, decentralized finance.

TLV (Total Locked Value)

What is TLV: In DeFi slang, TLV is short for Total Locked Value, a yield farming market metric.

The total locked value shows the total liquidity locked up in a DeFi contract.

TLV measures its health and also the market share of that project.

Yield Farming

What is Yield Farming: In DeFi context, Yield Farming is a term for earning passive income on your cryptocurrency by locking it up into a DeFi (decentralized finance) contract.

Crypto Glossary / OPSEC Terms

Coin Control

In the blockchain industry, we call coin control an advanced feature of cryptocurrency wallets that lets you choose which incoming transaction you want to spend and which to leave unspent.

This feature is necessary if you want to escape from a dust attack, an attack on privacy that happens on the bitcoin blockchain.

Dust Attack

Dust attack is an attack on privacy that happens on the bitcoin blockchain.

A potentially malicious actor is sends the smallest possible transaction amount to large amount of addresses and presumably runs a bot that watches from which addresses the coins were moved and where.

Following the movements of the dust may eventually lead to a transaction that will be identifiable in real life, such as an online order or a p2p cash sale. It can also be used to link different wallets owned by the same person.

The counteraction to do if your wallet “got dusted” is called coin control.

Electrum

Electrum is one of the oldest cryptocurrency wallets still in use.

The original Electrum wallet is a bitcoin wallet. Its homepage is at electrum.org and it is actively maintained by the same developer, Thomas Voegtlin, since 2011.

Electrum has a good track record in terms of security.

It can be an advanced bitcoin wallet if you enable advanced functionalities, but if you are more on the beginner end, they won’t stand in your way.

Crypto Glossary / Crypto Jargon Terms Explained

ATH

In trading jargon, ATH stands for All-Time High.

A market makes a new all-time high if its price action rises above the previous all-time maximum price. There is no other requirement for timeframe, patterns or any special technical setup. Even if the market retraces abruptly, the new ATH still counts.

BFX

In crypto trading jargon, BFX is short for Bitfinex.

BGD

In the crypto trader jargon, BGD is short for “big green dildo”.

Crypto traders call BGD a large green candle painted at a longer timeframe (at the very least hourly).

Bart Formation

In crypto, the Bart Formation, or just Bart, is a chart pattern where the cryptocurrency market rallies sharply, usually on a shorter timeframe like 30M, and after a period of flat ( sideways) action retraces all of its previous gains.

The name Bart came from the pattern’s likeness to the shape of Bart Simpson’s head.

DCA

The DCA meaning in crypto trading or investing is dollar cost averaging.

DCB

In the trading jargon, DCB is short for dead cat bounce. This term is not specific to crypto.

Market traders call DCB the first bottom after the price action reverses down from a top.

DYEC

In crypto trading jargon, DYEC is short for do you even chart.

DYEC is a variation on the famous DYEL exclamation from online fitness communities (Do You Even Lift?) which is posted when someone gives bad advice or talks down to others while making it obvious they don’t know what they’re talking about.

In crypto communities, DYEC is a valid response when someone posts bad technical analysis, which is something that happens a lot in very popular communities such as TradingView.

HODL (HODLing)

In crypto jargon, we say hodl instead of “hold”, as in “hold crypto”.

The term “hodl” is not an acronym but a drunk misspelling of “hold”.

KYC

KYC means in crypto the same thing as it means in legacy finance industry: KYC stands for know your customer.

Practically, KYC will be the requirement by a crypto trading platform to get a scan of your ID card (at least). KYC is usually coupled with AML screening (anti-money-laundering).

Thanks to decentralized trading, in 2020 there are ways to buy or trade crypto with no KYC.

LBC

LBC is the acronym for LocalBitcoins, the once-trusty peer-to-peer platform for anonymous purchase of cryptocurrency.

LTH (Long-Term Holding)

In crypto, LTH stands either for “Long-Term Holding” or “Long-Term Holder”.

A person who is a “Long-Term Holder” is someone who invested in cryptocurrencies for at least several years. LTH is not a short-term market speculation, but a long-term bullish opinion on a cryptocurrency or blockchain in general.

Mewn

In crypto trading jargon, mewn is a variation on moon. Moon will refer to exclamations such as “To the moon!” and similar, in other words an extremely bullish sentiment.

Moonmath

In crypto, Moonmath is a half-joke prediction model for future Bitcoin price based on past performance.

The basic Moonmath table projects a price development starting from a certain past timespan. It tells you on which future date the price of Bitcoin will reach one million dollars, should the trend of the selected timeframe continue.

NgU

In crypto jargon, NgU is short for Number go Up.

P2P

In crypto jargon, P2P is short for peer-to-peer or person-to-person and usually refers to a way of purchasing cryptocurrency.

If you purchase crypto in a P2P way, you do that directly with a counterparty; without the participation of a service provider such an exchange platform. You may have used a platform to find that counterparty, but your transaction happens between your cryptocurrency wallet and the wallet of your counterparty.

Perps

In the crypto trader jargon, perps is short for perpetual contract or perpetual swap, a popular derivative product intruduced by BitMEX trading platform. Similar product is now traded also on OKEx and elsewhere.

Quarterlies

In the crypto trader jargon, quarterlies is short for quarterly futures.

Quarterly futures are a derivative contract that expires every three months.

SFYL

In crypto jargon, SFYL is short for Sorry for your loss.

Sometimes, you will see the SFHL version, which stands for Sorry for his/her loss.

Segwit (vs Legacy)

SegWit is a crypto jargon term that stands for Segregated Witness.

Segregated Witness is a network feature activated on the Bitcoin and Litecoin blockchains.

Squishy

“Squishy” is a crypto jargon for the bearish MACD crossover specifically on the 3D timeframe.

TA

In crypto and legacy trading speak, TA refers to technical analysis.

TV (TradingView)

On crypto trading forums and chats, TV usually refers to TradingView.

Less seasoned crypto traders or visitors who are not familiar with the jargon usually take the abbreviation to mean television, but it’s almost always TradingView.

To The Moon

In crypto trading communities, To the moon! is an exuberant exclamation common during market runups.

Value Averaging

Value averaging, sometimes also value cost averaging, is a strategy for rebalancing of the assets you hold as an investment based on each asset’s value. Value averaging is an alternative to dollar cost averaging.

Originally published at https://www.altcointrading.net.

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