#bitcoin slowly getting over towards the resistance area and expected to reach there. Till now, price still moving within the range and expected a rejection.
Читать полностью…How to Trade Crypto Responsibly
Trading responsibly should be your top priority when buying or selling crypto. Much of trading responsibly comes from proper planning. Creating a trading plan can help keep you accountable for your actions later on.
No matter how much you’re trading, it’s best practice to make sure you’re doing so responsibly. With simple tips and methods, you can reduce unnecessary risks and make sure you’re only trading what you can afford to lose.
1. Create a trading plan
-> The best way to not let your emotions interfere with your trading is to create a plan and stick to it. This way, sudden gains, losses, rumors, or FUD can’t disrupt your decision-making
2. Use stop-limit orders
-> You can easily use stop-limit orders on Binance for greater control over your trading. You can’t always be at a screen 24/7, and with crypto being so volatile, you can be left with unexpected losses.
3. Diversify your portfolio
-> You should cover portfolio diversification to reduce your risk. Holding just one or two assets in your portfolio tends to be riskier. As such, you can diversify your holdings by investing in different assets across multiple asset classes.
Market might bottomed in and we can see 30-40% jumps in large cap alts and mid-cap too.
Читать полностью…Here's the Analysis of #AXS :
#AXS is been moving falling wedge pattern and nearly at the support zone of $3.72 - $4.27. Potential buys can come along the with the support and breakout will give additional confirmation along the move.
What Is a Shielded Transaction?
Shielded addresses are ones that use zero-knowledge proofs to allow transaction data to be encrypted by remaining verifiable by network nodes.
A shielded transaction is essentially a transaction that is between two shielded addresses. This will essentially keep the addresses, transaction amount and the memo field shielded from the public, with an exception of migrating funds between Sprout and Sapling shielded addresses.
Senders to a shielded address can or can not include an encrypted memo, and the recipients of a shielded or deshielding transaction do not learn about the sender address through the transaction receipt in their wallet. The receivers can only learn the value which is sent to their address and if they receive to shielded addresses, any encrypted memo that has been included by the member.
Arguably the best implementation in terms of shielded transactions we have seen thus far is in Zcash. In Zcash, there are two types of addresses, transparent addresses and shielded addresses. Transparent addresses on the Zcash protocol are equivalent to public addresses on the Bitcoin protocol for example, and function similarly as a result. All transparent addresses interact with the Transparent Value Pool and this is what publicly reveals transaction data and allows it to be viewed on the Zcash blockchain at any time by anyone.
On the flipside, shielded addresses encrypt the transaction data and require the generation of zkSNARKs in order to verify the transaction’s validity. These shielded addresses bring a new, higher level of privacy as well as security when we compare them to transparent addresses. So, a transparent address to a transparent address would result in an unshielded transaction, a transparent address to a shielded address would result in a shielded transaction, a shielded address to a shielded address would result in a shielded transaction, and a shielded address to a transparent address would result in an unshielded transaction.
#DXY UPDATE :
#DXY finally gave a break below of the support zone with a strong bearish candle. Now, seems to be market should go strong but its dumped with the index. Its a very messy situation and Monday Market open will decide the potential movement, in the upcoming week.
Here's the Analysis of #FLOW :
#FLOW is been rejected strongly from the resistance area of $0.70 and moving within a range of support at $0.50. With the market conditions market is strongly dropping and need to wait for the price to reach out the support.
#DODO did what we're expecting, it broke the pattern and made its way towards the major support zone of $0.10 - $0.11. Price already kinda rejecting from the support zone but still waiting for the price to dip lower.
Читать полностью…#BITCOIN DAILY TF UPDATE :
#BITCOIN on Daily TF, failed to print the new higher high and dropped breaking the structure too. Price near to its support zone and likely to get reversed, watch out the market
Less than 25 minutes until $JWIF Launches on leading🌐 Top-Tier exchange #MEXC!
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Comparing BTC/ETH exchange inflows (sell pressure) to stablecoin inflows (buy pressure) reveals market bias:
Near zero: neutral
Positive: net buy-side
Negative: net sell-side
Market has been in a declining sell-side regime since mid-2023.
#RENDER made more drop with the market and moved 14.68% in profits. I hope you secured some over there and trail the stops.
Читать полностью…All About Day Trading
Day trading is a popular trading strategy in the markets where traders aim to profit from short-term price movements within a single trading day. It involves buying and selling financial instruments, such as stocks, currencies, commodities, or cryptocurrencies, within the same trading day, with the goal of capitalizing on price volatility.
Here are some key aspects of day trading:
1. Short-Term Trading: Day traders open and close positions within the same trading day, and they rarely hold positions overnight. This approach is in contrast to swing trading or long-term investing.
2. Capital Requirements: Day traders typically need sufficient capital to trade comfortably, as they aim to take advantage of small price movements. This means having enough funds to cover potential losses and meet margin requirements.
3. Technical Analysis: Day traders often rely on technical analysis to make trading decisions. They use charts, indicators, and patterns to identify potential entry and exit points.
4. Volatility: Day traders seek out assets that exhibit significant price volatility, as these fluctuations provide opportunities for quick profits. Highly liquid assets are also preferred to ensure smooth order execution.
5. Risk Management: Effective risk management is crucial for day traders. This includes setting stop-loss orders to limit potential losses and using proper position sizing.
6. Trading Strategies: Day traders employ various trading strategies, such as scalping, momentum trading, breakout trading, and mean-reversion trading. Each strategy has its own set of rules and objectives.
7. Market Monitoring: Day traders need to closely monitor the markets during trading hours. They often use real-time news, level II quotes, and trading platforms to make informed decisions.
8. Psychological Discipline: Day trading can be emotionally taxing, as traders face the pressure of making quick decisions and managing the stress of financial risk. Maintaining discipline and emotional control is vital.
9. Regulations: Day trading is subject to regulatory rules, including pattern day trading rules in the United States that require traders to maintain a minimum account balance if they make more than a certain number of day trades in a rolling five-day period.
10. Tax Considerations: Tax implications can be significant for day traders, as short-term capital gains are typically taxed at a higher rate than long-term gains. Traders should be aware of tax laws in their jurisdiction.
11. Education and Practice: Novice day traders are encouraged to undergo education and practice on demo accounts before risking real capital. This helps build skills and gain experience without financial risk.
12. Record-Keeping: Maintaining detailed records of trades is important for assessing performance and tax reporting.
It's important to note that day trading is not suitable for everyone. It requires a solid understanding of the markets, a disciplined approach, access to real-time data, and sufficient capital. Many day traders experience both wins and losses, and it can be financially risky.
Additionally, it's recommended to research and understand the risks and potential rewards before engaging in day trading, and some traders may consider seeking advice or mentorship to improve their trading skills.
#BingX will list $JWIF on 7th August, 14:00 UTC: https://x.com/BingXOfficial/status/1818972344729362851
$JWIF is unstoppable with back-to-back Top-Tier exchange listings, first #MEXC and now #BingX!
But wait, there's more – another Tier1 listing announcement is coming and partnership with Binance listed meme project will be revealed next week as per their official tweet: https://x.com/jerrywifcoin/status/1819055086230032483?s=46
⏳Less than 24hours left untill $JWIF launching on MEXC, Countdown link: https://www.mexc.com/exchange/JWIF_USDT
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Here's the Analysis of #AUDIO :
#AUDIO is been going though the downtrend and nearly reached the major support area of $0.077 - $0.089. Market looks healthy enough, which can push the price to the upside now. Its good to have a buys and buy more on dip at support.
#Bitcoin reacted strongly from the demand zone and might be strongly reversal can happen now, We can already see some strongly moved in the market, be with the trend.
Читать полностью…#ETH made a very sharp decline and dropped towards the strong support zone of nearby $2180 and strongly rejecting. Still a bearish context, but this can be a dead cat bounce. If you bought the retracement then make sure to put the stops too.
Читать полностью…#BTC gave a strong bearish weekly candle, with the current week open, we have another strong drop like hell. Price currently reacting from the major demand zone and still looks very harsh for buys.
Читать полностью…As Bitcoin prices traded down to the local low of $53.5k, the proportion of the coin supply held at an unrealized loss spiked to around 25% of the coin supply. This brought the Percent Supply in Profit metric back down towards its long-term mean of 75%, which is a level it has historically visited during previous bull market corrections.
Читать полностью…#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, gives a massive candle down after being previous candle closed with strong rejection. Candle now closing below the both zone and that would not be a good call for us.
We see a similar dynamic using the spot cumulative volume delta (CVD) metric. This tool measures the net difference between buying and selling trade volumes on centralized exchanges.
From this perspective, we can see the significant sell-side dominance since the March ATH. However, as of last week, CVD has recorded the first net-buy-side indicator since July, suggesting a softening of sell-side pressure applied to spot markets.
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Date: 11-August-2024 Sunday
Time: 4 PM GMT
Pairing: USDT
Exchange: MEXC
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There is very little hidden sell pressure in the orderbooks and we believe that with our massive buying power we will be able to reach 50X-100X easily possibly even more. we have decided to schedule our next signal in 8 days to make sure that we are fully prepared. Our main goal for this pump signal will be to make sure that every single member in our group makes a massive profit. With our ability to keep creating the most powerful and biggest pumps , we will take every opportunity we can get. We welcome everyone to join us as we create the next big pump all traders and investors all over the world have been waiting for.
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Here's the Analysis of #JTO :
#JTO is been travelling with in the large uptrend channel pattern and nearly got to the flip area of $2.56 - $2.59. Expecting a reversal from here after tapping into it.
🚨Countdown Alert!!
Less than 4 hours until $JWIF Launches on leading🌐 Top-Tier exchange #MEXC!
Also $JWIF listing on #BingX is scheduled for 7th August, 14:00 UTC and recently they tweeted about upcoming major partnership with binance listed meme project and Another Tier1 exchange listing is in pipeline for next week! All these signs point to a massive rally for $JWIF this week!
🔗BingX announcement link: https://bingx.com/en/support/articles/35807009874457/
Ⓜ️MEXC's countdown link: https://www.mexc.com/exchange/JWIF_USDT
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#BTC break and close below of the trendline and made a retest. Price didn't moved played back and forth. Price looks bearish at the point and nothing looks well. Wait for the market to move either side or Daily TF shows any sort indication.
Читать полностью…🚀 Big News from #BCCOIN
$6M buyback and burn has begun 🔥
90% of the total supply is being burned and locked 🔒
$BCCOIN is under $2 and gearing up for a run towards moon 📈
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Buy $BCCOIN here:
Gate: gate.io/trade/BCCOIN_USDT
Bitget: bitget.com/price/blackcardcoin
MEXC: mexc.com/price/BCCOIN
BingX: bingx.com/spot/BCCOINUSDT
Bitmart: bitmart.com/trade/en-US?symbol=BCCOIN_USDT
Telegram: t.me/Official_BcCoin
Twitter: x.com/BlackCardCoin
Here's the Analysis of #DODO :
#DODO moving within the large channel pattern and got it strong rejection from the major resistance area of $0.139 - $0.141. Currently price testing the support from the trendline and market is strongly bearish at the moment, so we kinda expect a break below here.