The Bybit Unified Trading Account allows you to trade multi-currency, Spot, Spot Margin, USDT and USDC Perpetuals, USDC Options and USDC Futures in a single account. Read on to find out all about its benefits.

Cryptocurrency is a revolutionary asset class that keeps evolving, and exchanges like Bybit continuously seek to provide users with better and more robust solutions. Many users typically manage multiple accounts on a trading platform. As Bybit's product line expands into 

, you might wish to unify your accounts for better trade optimization. With the Bybit Unified Trading Account, you will now be able to manage all your assets and funds in one account.

Bybit's Unified Trading Account is open for all traders and users alike to access better risk management, higher capital efficiency, 

, and enhanced flexibility. Let's take a look at how the Unified Trading Account works.

The Bybit Unified Trading Account (UTA) enables easy and efficient trading by allowing users to consolidate assets and trade multi-currency, Spot, Spot Margin, USDT and USDC 

All assets can be consolidated without transferring assets between accounts for a comprehensive range of trading products and margins using their U.S. dollar-pegged value. This means that traders can now automatically borrow different cryptocurrencies if the overall portfolio value is sufficient. For instance, even if you don't have ETH in the account, you can still settle trades in ETH – ETH liability is automatically generated, and interest is charged, if applicable.

The Unified Trading Account calculates overall risk and assets on a USD basis at an account level. Given distinct liquidity profiles, assets will be converted at different rates into USD. The USD value of your Unified Trading Account is based on the following calculation:

Total Asset Value (in USD) = Number of Assets × USD Index Price × Conversion Ratio

Your profits and losses are netted within your account and margining is determined across assets. That way, losses on a single position will only trigger liquidation if the account maintenance margin has not been met.

Advantages of Bybit Unified Trading Account

Bybit offers a range of advanced trading products, including Spot, Perpetual contracts and USDC Options, often with generous 

. The Unified Trading Account allows you to manage multiple assets across the crypto ecosystem in one portfolio.

Users can access more than 70 assets as collateral, such as USDT, USDC, BTC and ETH. These assets serve as margin collateral calculated on a total account level rather than for each position. The system automatically calculates the available margin based on the prevailing conversion rate.

Traders can transfer all accepted cryptocurrencies into a UTA and trade any currency, as long as the account has sufficient funds overall.

If you lack sufficient margin for trading, the account will trigger 

. Auto-borrowing is put into effect in several scenarios:

If any of these scenarios occurs, the system automatically processes the borrowing of the necessary asset. The borrowed amount is interest-free within a specified range. For example, assume that Trader A has BTC in his account, but no USDT. When Trader A opens a USDT Perpetual contract and generates a trading fee of 10 USDT, the system will auto-borrow 10 USDT and count it as Trader A's liability. If the borrowed amount exceeds the interest-free amount range, interest will be charged on all liabilities, and hourly interest payments will automatically be made.

The Bybit Unified Trading Account promotes the efficient use of assets in the following ways:

Risk management is particularly robust because the margin is calculated at the account level rather than on the position. Trading profits and losses will offset one another, and you can avoid risk amplification because single losses don't necessarily trigger liquidation. Further, you can apply risk management strategies across a diversified portfolio, thereby improving your risk profile. 

The Unified Trading Account also includes 

, which protects your trades by allowing you to hold both long and short positions on the same asset, thereby mitigating potential losses during market fluctuations. Meanwhile, 

 ensures that your account is protected by offsetting profits and losses, thus preventing single losses from triggering liquidation.

UTA offers three specific margin modes tailored for different levels of trading experience, as follows:

Both Isolated Margin and Cross Margin support One-way and Hedge Modes, with the Hedge Mode only applicable to USDT Perpetual contracts. Meanwhile, Portfolio Margin supports only One-way Mode. 

Who Should Use Bybit Unified Trading Account?

The Bybit Unified Trading Account is ideal for all traders, as it provides convenient one-click access to our six core trading products. Moreover, the account's functionalities are simple to use and relatively suitable for all traders, from retail spot traders to institutional traders who prefer a consolidated account.

. You can access the account via the Bybit app, website or API. The UTA comes with the benefits of a 

, offering users access to more trading assets in one account and a simplified method to trade Spot and Derivatives and manage their portfolios on Bybit.

If you’re looking for cross-asset trading and margining of Spot leverage, Perpetual contracts, USDC Options and USDC Futures, The Bybit Unified Trading Account will bring to you all of these functions with simplicity of use. What’s more, you will also get to enjoy higher capital efficiency and full portfolio visibility. So, to enjoy the flexibility and convenience of owning a single account, make sure to upgrade to a consolidated UTA today!

Beginner

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What Is Bybit Unified Trading Account and How Does It Work?

Solana has unveiled its new smartphone, the Solana Seeker, which is scheduled for a mid-2025 release and has already garnered 140,000 pre-orders.

The SPX index was up by 1.7%, reaching a new record high after a Federal Reserve rate cut of half a percentage point and optimism about a potential "soft landing" for the U.S. economy. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 1.69%, with Bitcoin and Ether rising by 5.33% and 6.07%, respectively in the past 24 hours.

Today's top performer is ALT, which surged 17.8% following AltLayer's partnership with Trestle Protocol to launch a modular rollup chain.

AltLayer (ALT), founded in 2021, is a blockchain platform that simplifies the creation and enhancement of Layer 2 rollups, addressing issues such as insufficient validators, slow Ethereum finality, and centralized sequencing. It offers a Rollup-as-a-Service feature for quick, customizable rollup deployments without coding. 

 to launch its rollup chain, utilizing Celestia's infrastructure and Arbitrum's AnyTrust technology. This collaboration highlights the potential of modularity in DeFi, aiming to enhance the ecosystem on Trestle with AltLayer's rollup infrastructure.

Check Out the Latest Prices, Charts, and Data of 

Solana has unveiled its new smartphone, the 

, which is scheduled for a mid-2025 release and has already garnered 140,000 pre-orders. With a price tag of $450—less than half of its predecessor, the Saga—the Seeker boasts upgraded features, including a premium display, better cameras, and a longer-lasting battery. Geared primarily toward crypto enthusiasts, it includes a built-in Seed Vault for secure storage and a custom software wallet. Each Seeker will also come with a Genesis NFT, offering rewards and exclusive experiences. Solana Mobile plans to refine the product through user feedback before expanding to a broader audience.

Yesterday, the total flow for BTC Spot ETFs was $158.3 million, with all of it coming from non-GBTC sources, as GBTC recorded no flow.

, an AI infrastructure company developing the first open-source Personal Intelligence Network (PIN), has launched its inaugural Galxe Quest campaign, "Introduction to PIN AI." Participants can complete simple tasks such as following on social media and joining Discord or Telegram for a chance at a potential airdrop. The campaign is live until October 2nd. PIN AI recently raised $10 million in pre-seed funding, backed by investors including A16z, Nomad, and Symbolic Capital.

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Solana Unveils Seeker Smartphone with Enhanced Features and Strong Demand

Explore our article to find out what’s the Cipher Code for today’s Hamster Kombat’s Daily Cipher Code.

Embark on a strategic quest within the world of 

 where mastering daily Morse code puzzles enhances your prowess as a crypto exchange mogul. These challenges not only hone your cognitive skills, but also unlock significant rewards to boost your in-game progress.

, presenting you with a challenge to decipher a Morse code. Successfully solving these puzzles not only bolsters your coin reserves, but also refines your strategic thinking, crucial for excelling within the game’s ecosystem.

Today’s Hamster Kombat Daily Cipher: Sep 20, 2024

 Daily Cipher for Sep 20, 2024, is as follows:

 —•••   —•— —   —•••   ••   —

Ensure each Morse code sequence is entered with precision and slight pauses between letters to confirm correct execution and secure your reward.

 by trying out the following strategies: 

Gain an early advantage by trading HMSTR tokens through Bybit’s Pre-Market Trading. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

Today’s Daily Cipher, alongside the diverse interactive activities available in 

 offers ample opportunities to not only boost your coin balance but also deepen your engagement in the game. Each successfully decoded puzzle does more than enhance your financial resources; it also sharpens your mental acuity, enriching every session with both intellectual and monetary gains.

Stay tuned for ongoing updates and expert strategies to maintain your competitive edge in the exciting and ever-evolving world of 

Intermediate

hamster kombat daily cipher code.png

A Guide to Hamster Kombat's Daily Cipher Code (Sep 20, 2024)

Explore our article to find out what’s the combination for today’s Hamster Kombat’s Daily Combo Cards.

, the compelling tap-to-earn game on Telegram where strategy meets fortune. Today, we present a fresh guide to mastering the Daily Combo challenge, a critical game feature that can significantly boost your coin earnings through thoughtful card selection.

 is a pivotal daily challenge that grants players a chance to win 5 million coins by selecting the right set of three cards from diverse categories including Markets, Legal, PR & Team, Web3 and Specials. This selection is refreshed daily at 12PM UTC, ensuring the gameplay remains intriguing and rewarding.

Today’s Hamster Kombat Daily Combo: Sep 20, 2024

 today, Sep 20, 2024, choose the following cards:

Remember to check out our daily guide at 12PM UTC for the correct combination of cards in order to earn 5 million coins.

Expand your earnings with these additional strategies:

Looking to get your hands on the HMSTR token? Bybit now offers HMSTR via Pre-Market Trading. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

remains a dynamic platform for earning coins through Daily Combos, ongoing missions, passive income opportunities and exciting mini games. The strategic selection of today’s cards — “License Japan,” “Security audition” and “Stacking” — is designed to optimize your returns. As the HMSTR token prepares for launch, engaging early with Bybit Pre-Market Trading can offer substantial strategic benefits.

Stay tuned to this page for continuous updates and expert advice to refine your gameplay and significantly enhance your coin reserves!

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A Guide to Hamster Kombat's Daily Combo Cards (Sep 20, 2024)

Candlestick

Trading

Recently, another in the series of the Bybit Engage discussions took place in our Telegram group, and our Bybit Ambassador from

Recently, another in the series of the Bybit Engage discussions took place in our 

 group, and our Bybit Ambassador from Spain, Chingad0r, shared his thoughts on continuation patterns.

A continuation pattern is an indication that the price of a stock or asset will continue its previous trend after breaking out of the continuation chart pattern in question. They are like a ‘pit stop’ in the middle of a price trend — taking a breather if you will! Let’s take a look at some of the most common continuation chart patterns.

A flag is a short-term continuation pattern indicating the mid-point of a longer trend. It is similar to a pennant chart pattern (see next pattern) with a relatively shorter consolidation. It appears after a fast, sharp, and vertical movement, which is known as the ‘’flagpole’’.

Initially, the break-out occurs when there is a substantial increase in volume that acts as confirmation of the move. Later, the formation of the flag is aligned with a drop in volume until break out.

The consolidation period is where the actual flag is formed, due to profit-taking by traders that entered before the sharp movement, and traders who missed it but still think about an opportunity to enter the trade.

The flag usually resembles either a parallelogram or rectangle that tilts in the opposite direction of the flagpole.

If the price breaks towards the direction of the flagpole, and out of the parallelogram or the rectangle formed during the congestion area in the flag.

The longer the consolidation phase takes, the more chance that the momentum which pushed the initial price disappears and the flag pattern fails.

Usually, this should be along with an increase in volume, otherwise, this would a mean a higher risk of failure.

Usually, traders assign the length of the flagpole and add it to the breakout point in the direction of the flagpole as the minimum target.

Always keep in mind overall support and resistance levels on the chart to detect potential weakness and exit with partial profit.

A pennant is also a short-term continuation pattern, and is similar to the flag but resembles a small triangle instead of a parallelogram. It appears after a fast, sharp and vertical movement.

The consolidation period is also similar to the flag, in that it is formed by profit-taking by traders that entered before the sharp movement, and traders who missed it, but still think about an opportunity to enter the trade.

Also like the flag, the break-out occurs when there is a substantial increase in volume that acts as confirmation of the move. 

Later, the formation of the pennant is aligned with a drop in volume until break out.

If the price breaks out of the pennant towards the direction of the previous sharp movement.

Usually, this should be along with an increase in volume, otherwise, this would mean a higher risk of failure.

Usually, traders assign the length of the sharp movement before the pennant as the minimum target.

Always keep in mind overall support and resistance levels on the chart to detect potential weakness and exit with partial profits.

This is formed when the price of an asset oscillates between a support and resistance line several times, touching them, thus creating a channel. Usually, the support/resistance lines are horizontal, and also can slope upward or downward. Either horizontal or sloping lines must be parallel lines.

It is required to have at least 4 points for a rectangle (two points touching the upper resistance, two points touching the lower support).

When the price goes beyond either support or resistance, trade in direction of the breakout.

Breakout is validated if volume increases on it, at least 33%-50% higher at the breakout, or it could be a false breakout.

The height of the rectangle projected in the direction of the respective breakout is the minimum price.

The maximum price projection is the width of the rectangle from the first point to the breakout, projected from that point of breakout in its direction.

This appears during an uptrend or downtrend with a series of higher lows and lower highs.

Consecutive lows in the support trend line joining and consecutive highs in the resistance trend line converge in two trend lines with a certain symmetry.

 means indecision with balanced forces of supply and demand in the market.

If the price is pushed up, the market addresses it with sells, and otherwise if pushed down, the market addresses it with buys.

Usually, volumes drop while this pattern is formed. The price will break out of the triangle along with an increase in volume, towards the direction of the preceding trend.

There is a clear signal if the price breaks out of the triangle towards the direction of the previous trend between 50%-75% of the triangle.

If the trend preceding the symmetrical triangle is an uptrend, the price should breakout to the top, and the other way round in case of a downtrend. 

Breaking out in the opposite direction invalidates the signal. A breakout that occurs before or after the 50-75% range into the symmetrical triangle pattern will probably fail.

The projection of the widest part of the triangle, is added/subtracted to the breakout point, depending on the direction of the previous trend.

Alternative: parallel to the support is a trend line sloping down towards breakout, which is an extension towards the targeted price (the green line as demonstrated is the trend line, an uptrend, and the target price would be the length of the handle (pink line), in the direction of the green one).

This is similar to the symmetrical triangle but the upper trend line is a horizontal resistance – usually bullish, so very reliable when the continuation pattern is about an uptrend. There are slightly more buyers than sellers.

The market becomes overbought and the prices initially drop. The buyers re-enter the market and prices return to the previous high, and selling occurs once more. Buyers then re-enter the market, but at higher prices than before. This results in a steady high but a series of higher lows.

Prices break through the resistance of high peaks formed, getting pushed higher with new buyers and increased volume.

When price breaks out of the ascending triangle to the upside.

Should take place at around 66% of the triangle.

A breakout near the apex of the triangle invalidates the signal.

The projection of the widest part of the triangle added to the breakout point.

Alternative: parallel to the support is a trend line sloping down towards breakout, which is an extension towards the targeted price (see above chart for demonstration).

This pattern is similar to the symmetrical triangle but a lower trend line forms horizontal support. Usually bearish, so very reliable when continuation pattern is about a downtrend. Slightly more sellers than buyers. The market becomes oversold and prices initially climb. Sellers re-enter the market and prices return to the previous low, and selling occurs once more. Sellers re-enter the market again, but at lower prices than before. This results in a steady low but a series of lower highs.

Prices break through the support of lows formed, getting pushed lower with new sellers and increased volume.

When the price breaks out of the descending triangle to the downside. Should take place at around 66% of the triangle. A breakout near the apex of the triangle invalidates the signal.

Projection of the widest part of the triangle subtracted to the breakout point.

Usually appears in longer timeframes (daily, weekly), and not so common short charts ( intra-day).

A bullish continuation pattern consisting of two parts: cup and handle.

A round bottom is formed after a series of subtle reductions in prices interrupting an uptrend, reaching later the previous level before the decline started.

Should form a consolidation area or relevant support area.

The decline should retrace between 1/3 of the previous advance and not more than 2/3 of the advance.

The handle is a trading range that forms a consolidation once the cup was finished.

Can be a bullish flag/pennant pattern, or also a short pullback.

The handle should be ideally about a 1/3 of the cup’s height (although if the market is volatile, this could be between 1/3 and 1/2, or in extreme cases, 2/3, which conforms with Dow Theory).

The shorter (in time and distance) the retracement in terms, the more bullish is the pattern.

The pattern is completed when price breaks resistance level formed by the peaks of cup’s borders.

Long entry signal, when price breaks over resistance formed at top of the cup.

Should go along with an increase in volume, or could be a false break out.

Stop loss at lower 1/3 of the cup level, as price shouldn’t retrace more.

Projection of the cup’s depth to be added to the breakout point as a minimum price target.

Price charts can offer great insight but aren’t always a guarantee and on top of that, being used improperly can provide wrong signals. It is impossible to have a 100% accurate forecast.  As with anything in trading, they should be used sensibly and with care.

* This content does not represent the views of Bybit. As such, it should be not be seen as trading and financial advice, it is merely an opinion. Trading is done at your own risk.

Candlestick Patterns Professional Traders Use

 – A curated list of candlestick patterns most frequently used by traders

 – Learn the basics of candlestick patterns

 (Chart basics: trend, neckline, wedges)

Continuation Patterns in Crypto Trading

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