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Binance Completes Integration of Bitcoin (BTC) on Lightning Network, Opens Deposits and Withdrawals
https://www.binance.com/en/support/announcement/eefbfae2c0ae472d9e1e36f1a30bf340
What is Drawdown and Why it is important to Traders ?
Drawdown in the context of finance and investment refers to the peak-to-trough decline in the value of an investment or trading account. It represents the percentage decrease from the highest point (peak) to the lowest point (trough) in the investment's value over a specific period of time.
For example, if an investment starts with a value of $10,000 and later reaches a peak value of $15,000 before declining to a low of $8,000, the drawdown would be calculated as follows:
Drawdown = ((Peak Value - Trough Value) / Peak Value) * 100
Drawdown = (($15,000 - $8,000) / $15,000) * 100
Drawdown = ($7,000 / $15,000) * 100
Drawdown = 46.67%
In this case, the drawdown is 46.67%, meaning the investment experienced a decline of 46.67% from its highest value.
Drawdown is an essential metric for investors and traders to understand the potential risk associated with an investment. It provides insights into the volatility and potential losses an investment can incur during adverse market conditions. Managing drawdowns is crucial for risk management and preserving capital in the financial markets.
#TRX gave a candle closing above the Major Resistance zone, which turned into major Support. Well, you can look for a strong buys from here.
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Here's the Analysis of #ZIL :
#ZIL is been trending higher after being rejected from the resistance area of $0.0244 - $0.0249. Price is been trending higher with the supporting trendline and potentially tap into resistance. Right now, wait for the shorting opportunities .
The price got rejected from the $0.249 resistance level. Although there is a break of the downtrend line which gives some relief. Still, the key resistance of $0.249 is not broken and we are waiting for a break above this level for new long positions. Don't FOMO and wait for a better setup for long entries.
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#BTC got a strong rejection from the Strong resistance area and nearly reached the bottom of the range/ support zone around $30,000. Well, weekend is on, so we can see some low volumes over these days. Let's see if we get a breakout now.
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Here's the Analysis of #TRX :
#TRX is been trending up making higher highs in a very corrective mode. Price nearly approaches the resistance area of $0.0844 - $0.0851 and might rejects from here. Well, its depends on #BTC weekly closing. Right now, wait for the setup to from to take a trade.
1 hour remaining for our biggest Pump!!
We expect the biggest volume yet, as all our whales will be constantly buying and pushing towards new highs. We’re ready for a 500% - 1000% move (at least), guaranteeing the maximum profits for all our members. Make sure to hold after market buying, as the second and third waves are always the strongest (which could reach up to 1500%, 2000% or higher). Expect a powerful and long lasting pump today, be prepared!
This coin will ONLY be available on Kucoin and USDT Pair.
https://twitter.com/bluzellehq/status/1679803863820570624?s=46&t=aAf1ruD57HtSMk3eBMeaWw
Bluzelle big news👆🏻
6 hours remaining until the Mega Bull Call on Kucoin! With Bitcoin holding above 30k price and #XRP leading altcoins we have phenomenal market conditions and our coin is very bottomed which means the potential for profits will be much bigger. We have all the perfect conditions to execute a massive profitable trade, Read the last posts, have USDT ready in your trading account and be prepared.
Here's a important guide on Kucoin Mega Bull Call ⤵️
https://telegra.ph/Guide-for-trading-on-Kucoin-09-29
Read pinned post. Stay tuned.
12 hours left until the biggest Kucoin Mega Bull Call of all time! Market is pumping like anything and looking perfect for a massive call today.
- This time we are expecting gains anywhere from 500% to 1000% possibly even more as we already told you, our old whales have joined forces with new and even bigger whales, who will be pushing price up for hours.
- We will be using the USDT pairing, make sure you have USDT in your trading account to buy the coin.
- Hundreds of thousands of traders will be buying at once, make sure you buy early before outsiders do.
- If you plan to use your whole balance, you can buy using 75% of your balance initially at market price, use the remaining of your balance to place buy orders!
- When you buy the coin and it's time to sell, never sell on the buy supports! Instead sell slowly in parts as the price goes up.
- Our call will have many waves as our whales will be buying with our members to support the price, there will be a lot of possibilities to profit during the call!
- Millions of traders worldwide will be watching and buying, we have put into place a few measures to spread the word out after our signal all over social media, we will attempt to make our gains last as long as possible.
We have put together a small guide on how to trade our signals effectively on Kucoin to make sure all our members are well prepared : https://telegra.ph/Guide-for-trading-on-Kucoin-09-29
Read pinned post. Stay tuned.
#XRP NOT A SECURITY RULES JUDGE TORRES IN THE #SEC #RIPPLE LAWSUIT!
BIG WIN FOR CRYPTO!!🚀
What is Triple Bottom ?
The triple bottom pattern is a bullish reversal pattern observed in financial markets, particularly in stock trading. It is characterized by three consecutive troughs or lows forming near a similar support level. This support level acts as a floor, preventing the price from declining further and indicating potential exhaustion of the downward trend.
As the price approaches the support level for the third time, traders closely watch for signs of strength and a potential reversal. Typically, the trading volume decreases during the formation of the pattern, suggesting a lack of selling pressure and diminishing bearish momentum. This declining volume further supports the possibility of a trend reversal.
The three troughs, also known as swing lows, represent failed attempts by sellers to push the price below the support level.
Here's the Analysis of #DOGE :
#DOGE slides above the strong level, which is now strong resistance zone of $0.0657 - $0.0677. Also, price made a bear flag pattern and might disrespect as price already tested the both side references. So, wait for a potential break either side.
Looking at the current situation, the impressive recovery from the November lows shows a remarkable resemblance to the recovery rallies observed in previous cycles. Except for 2019, all past cycles that experienced a similar magnitude move from the bottom marked the beginning of a new cyclical uptrend. The recent recovery stands at an impressive 91%, indicating potential for a new uptrend.
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#BTC dumped hard but made a exactly bounce from the support area and kinda made a small range. Well, monday market open may comes with volume and breakout too otherwise the range will continue going on.
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What is Bear Flag ?
The bear flag is a chart pattern that indicates a continuation of a downward trend in financial markets. It consists of a sharp decline in price, followed by a period of consolidation in the form of a flag-shaped pattern. During this consolidation phase, trading volume typically decreases, suggesting a lack of buying interest and potential weakening of bullish momentum.
Traders closely watch for the bear flag pattern as it signifies that sellers still dominate the market. Once the consolidation phase ends, there is a high probability of the price resuming its downward movement. Confirmation of the pattern occurs when the price breaks below the lower boundary of the flag.
By understanding the bear flag pattern, traders can identify potential trading opportunities and make informed decisions to capitalize on downward trends in the market.
Currently, around 592K #Bitcoin has a purchasing price of $30.2K the current spot price.
This is the second largest accumulation after $16.5k. We may see a move very soon.
https://telegra.ph/DeeLance-IDO-on-Bounce-Finance--IDO-Overview-07-13
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Our signal had 300k USDT in volume with but due to wrapped token selection we faced double selling pressure which coused rapid decline in price during 2nd and 3rd minute and we were not able to hit our target today but still a lot traders participated on our call on #WSIENNA as it climbed the 'Top Gainers' list, resulting in some good profits for members and we're glad everyone participated.
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The coin we have picked for today's Mega Bull Call is: WSIENNA
https://trade.kucoin.com/WSIENNA-USDT
Buy and hold for massive profits
30 minutes left until the Mega Bull Call on Kucoin!
Official Target : 500%-1000% gains
3 hours left until the Kucoin Mega Bull Call.
This is a basic step-by-step-strategy for new members:
1. Ten minutes before 16:00 PM GMT have Kucoin.com, Telegram open.
2. At exactly 16:00 PM GMT, there will a message including the name of our coin in our Telegram channel.
3. After we announce the coin, buy it with USDT on the spot market.
IMPORTANT: This coin will ONLY be available on KUCOIN and on USDT pair, get ready for huge profits!
If we assume that the November 2022 lows are indeed the cycle floor, we can compare the depth of the 'bull market corrections' thus far. We can see that the peak drawdown in 2023 has been just -18%, which is remarkably shallow compared to all prior cycles. This perhaps suggests a relatively strong degree of demand underlies the asset.
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#BTC pumped back towards the resistance level again and its been a wait for see weather its rejects or breakout of this level. A break will open gates for a long run over $35,000 and a rejection will continue throughout the range.
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Here's the Analysis of #FET :
#FET is been bounced off from the strong support zone of $0.208 - $0.213 and approaching nearby the downtrend resistance line. Well, looking into the bigger picture, its a consolidation. Wait for a breakout to happen or a rejection from $0.249.
24 hours left for our biggest Kucoin Mega Bull Call ever! As we already told you, our old whales have joined forces with new and even bigger whales, who will be pushing price up for hours, with each wave being bigger than the previous one, giving all our members the chance to buy and hold for maximum profits! We’re aiming at a 500%-1000% gains, so be ready!!
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With the Data, we can see that, Return in #Bitcoin is decreasing with Halving. The phenomenon of diminishing returns is evident across Epochs, which is a natural outcome as the market expands and capital flows increase over time.
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