Trading is not a job.

It’s a business.

An identity of the 5%.

An individual who is in control.

A belief that you can achieve when others fail.

Trade responsibly 👍

JUST IN: Russia 🇷🇺 Vladimir Putin signs law legalizing cryptocurrency mining in Russia & #Bitcoin reclaims $59k $BTC

Just in federal judge has ordered Ripple to pay a $125 million civil penalty to the Securities and Exchange Commission (SEC), effectively drawing a close to their protracted legal dispute.

While the financial penalty is substantial, the core of the SEC's case, classifying XRP as a security, has been dismissed.
$XRP #MarketDownturn

[Follow your trading plan regardless of each trade’s outcome]

When I was a 7-year-old, my teacher would give me a “star sticker” whenever I put in the effort to do my homework, regardless of whether the answer is right or wrong.

In other words, she rewards effort, not the outcome.

If you think about it, this approach is highly suitable for trading.

You should reward yourself whenever you follow your trading plan regardless of whether the trade is a winning or a loser.

So here’s how the star system works…

- Every time you follow your plan, you get 1 star
- Every time you didn’t follow your plan, you get -2 stars
- The goal of the star system is to accumulate 100 stars

As you can see, the focus isn’t to make profits.

Rather, it’s to accumulate as many stars as possible by being consistent with your actions.

Remember, a consistent set of actions lead to a consistent set of results.

7 ways you can exit a trade:

1. Trailing stops
2. Support & resistance
3. Fibonacci extension
4. Swing high & low
5. Setup is invalidated
6. Previous candle high/low
7. Time stop

Bonus: Margin call

Join our new telegram channel for more guidelines and procedures in trading 📉💶 comment for the link 🔗
#MarketDownturn

Don't take losses personally because the market has nothing against you.

It doesn’t know who you are, what you do, or why you traded.

Instead, it’s an opportunity to learn what works and what don't, so you can become a better trader—and that’s how winning is done!

New telegram group available for all traders comment for the link or comment with your telegram user name 🚨🚨🚨🚨🚨🚨

[The hidden cost of copy trading that nobody tells you]

Copy trading is a business.

So, if you’re not being charged any upfront fee, then you’re paying more for the spread and overnight fees.

I’ll explain…

For most Forex brokers, the spread on EUR/USD is 1 pip. But on a copy trading platform, you might pay 2 to 3 pips more.

But don’t take my words for it because you can compare the spreads of a normal Forex broker with a copy trading platform and you’ll see the difference.

So, what’s the implication?

Two things.

#1: If you’re a trader being copied, then bear in mind your trading strategy won’t work as well because you’re paying more in spread (compared to a typical Forex broker).

#2: If you’re copying another trader, then it’s best to follow traders who trade infrequently so the spread doesn’t eat up a huge chunk of your profits.

Now, the spread isn’t your only cost because you still have to consider overnight fees (if you’re holding positions for longer than a day).

This fee is calculated by taking Libor + X%.

(Libor stands for inter-bank offered rate. It’s an interest rate that banks charge to other banks for borrowing the money.)

So, what is X?

Well, this is the mark up that’s determined by the copy trading platform and you’ll need to check with them for the exact amount.

The good news is, you don’t have to worry about calculating all these because the platform will likely do it for you—so do check it out before placing a trade.

Now, there are probably other fees to consider but the spread and overnight fees make up the chunk of it.

Follow for more info!!! Also new telegram group is available now for free guide 💸
#RecessionOrDip? #MarketDownturn #BinanceTurns7

The U.S. stock market crashed hard today, losing $1,930,000,000,000 (nearly $2 trillion) in the first 15 minutes of trading. Surprisingly, cryptocurrency markets seem to be holding up so far.

Join👇👇👇
#MarketDownturn #BTCMarketPanic #BinanceHODLerBANANA

United States Factory Orders m/m

The Factory Orders m/m indicator shows changes in the volume of orders for durable and non-durable goods received by US companies in the given month compared to the previous one.All new orders for manufactured goods are included in calculation. Here, an order is a message of intention to purchase goods with immediate of future delivery. The statistics only includes orders confirmed by mandatory legal documents (contracts, letters, checks, etc.). Canceled orders are not included in the report.Data for processing are obtained from the survey of industrial companies with monthly deliveries of $500 million and more. However, in order to increase the representativeness of the sample, the survey also includes carefully selected smaller enterprises.The indicator is included in the so called M3 report which characterizes the activity in the US industrial sector. In addition to the number of orders, it takes into account the amount of stocks shipment of goods. M3 is used for short-term predictions of production activity.Growth in the number of orders is an indirect characteristic of consumer demand for manufactured goods. It allows forecasting an increase in production activity in the near future. This may affect dollar quotes positively.

Chart below #MarketDownturn

Update on $TRB finally broke through the $65.00-70.60 support level and has now reached the $45.00 level.

Considering the current downward trend and price reduction to the historical demand area, we cannot expect much support now, but the price can rest a little in these areas and provide the necessary liquidity for growth again.

Let's wait for the right time 🚨
#MarketDownturn #BTCMarketPanic #BinanceHODLerBANANA

#MarketDownturn
#Bitcoin decreased by more than 15% in the last 24 hours and fell below the level of $53,530.
The fall has been stronger than before, and the previous support level has also been broken. The probability of the price continuing to fall to $50,000 is now very high because this is the next level of demand.

In the current situation, it is better to stay away from trading and value your capital.
#BTC_MarketPanic_Dip #MarketDownturn

ETH's price drops to lowest since January.

A wallet supposedly associated with Jump Trading moved 17,576 ETH to centralized exchanges, according to Spot On Chain.

Ether's (ETH) price cratered as a prominent crypto trading firm moved large amounts of ETH to centralized exchanges in preparation for potential liquidation.

Ethereum's native token, the second-largest cryptocurrency by market value, has dropped 20% in 24 hours, hitting a seven-month low of under $2,100 during Monday's Asian hours, according to CoinDesk data.

In the past 24 hours, a wallet identified as Chicago-based trading heavyweight Jump Trading by onchain sleuth Spot On Chain transferred 17,576 ETH worth over $46 million to centralized exchanges. In June, reports emerged that Jump Trading was being probed by the CFTC.

The wallet has moved nearly 90,000 ETH to exchanges since July 25 and still holds 37,600 wstETH and 11,500 stETH at press time. wstETH is the DeFi-compatible version of Lido's staked ether (stETH).

"The reason for the crazy crypto sell-off seems to be Jump Trading, who are either getting margin called in the traditional markets and need liquidity over the weekend, or they are exiting the crypto business due to regulatory reasons (Terra Luna related)," Dr. Julian Hosp, CEO and co-founder of decentralized platform Cake Group said on X.

The supposed liquidation over Sunday and early Monday has drawn the crypto community's ire. The said time frame is generally characterized by weak liquidity or the ability of the market to absorb large orders at stable prices.

Stay away from the market at the moment 🚨🚨

Now those who were laughing at me should come again 🤣 they don't have the strength now 😭 Since i found out this chart 📉 i haven't traded any and i know it was a perfect choice without a mistake 😀 I'm still waiting for more dip before i will start trading because rome wasn't built in a day 😁 If you really wanted protect your account and also your money stay out of from the market now cuz you may lose what you can afford to 🙂 $BTC is not reaching $100,000 today nor tomorrow and it's a fact 🧐

#BTC☀ #BTC_MarketPanic_Dip #bitcoin☀️

ETF is coming ETF is coming ETF is coming, where's the change? what impact exactly has it help the market? 😄🤣 I found it funny and thank myself that i didn't fall for this trick 😄😄 JUST IN: $100 million liquidated from the cryptocurrency market in the past 60 minutes.

in just 60 minutes and here we are 100 million liquidation 😦 have you think off what is coming? I always says in trading when there's a hype there become a big loss to the market 😔 when you say it then those who got nothing to loss will defend it because they have what they can afford to lose but the question is do you? do you have what you can afford to lose? lossing your $10 $50 $100 $200.... just because of over hyping news is the painful thing in trading 😏 I remember fighting people over $SHIB which they say it will reach $1 soon 😂😂 many people fall for it and now most of them are in bankrupt because they lack researching and learning they only depend on news 😔 now people are not taking about $NOT again because it was too over hype 😂 the thing is if you don't have money that you can afford to lose then just do your research well before falling for any fake news 🙂 one person can just wake up today and decide to crush the market down but one person can not decide to push it up so think of it when taking any risks with the little capital you have 🙏

#ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024

JUST IN: Over $1.1 trillion was wiped out from the US stock market today. and $100 million liquidated from the cryptocurrency market in the past 60 minutes🤯🤯

Binance Breakout Signal

#AMB/USDT ( Spot )

$AMB chart is confirmed for a bullish divergence. Expect price to jump from here and continue uptrend.

Targets
1st : $0.007400
2nd : $0.007850
3rd : $0.009200

After the German government, Mt. Gox is now moving BTC for repayments. Bitcoin is experiencing a dip due to this,

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Bitcoin Cash faces potential 24% crash as Mt. Gox starts repayments

Bitcoin Cash has dropped below the weekly support level of $378.6, marking a 20% decline this week. Currently trading around $310, marking a 6% decline on the day. Trustee Nobuaki Kobayashi's announcement of Mt. Gox's repayment plan in early July, coupled with the movement of 47,229 BTC worth $2.71 billion on Friday, indicates market fear, uncertainty and doubt (FUD) that could potentially lead to a decline in BCH prices in the coming days.

Mt. Gox confirms Bitcoin, Bitcoin Cash repayments have begun

According to Arkham Intelligence, Mt. Gox recently transferred 47,229 BTC valued at $2.71 billion from the cold wallet 1HeHL. Of this, 2701.8 BTC worth $148.4 million was moved out of Mt. Gox wallets, with 1544.7 BTC worth $84.9 million sent to Bitbank via Mt. Gox address 1PKGG, and 1157.1 BTC ($63.6M) sent to an unknown counterparty bc1qkjc, likely an exchange handling repayments.

The Mt. Gox address 16ArP still holds 44,527 BTC. Including the BTC held in 16ArP, Mt. Gox wallets collectively contain 138,985 BTC worth $7.52 billion.

These movements are likely associated with the Mt. Gox repayments plan recently announced by Trustee Nobuaki Kobayashi.

Why is Bitcoin prices dropping in earlier Asian Hours??

Well is simply because of Mt.gox repayment and this is why.

Don't forget that the company was once the world’s top crypto exchange, handling over 70% of all bitcoin (BTC) transactions in its early years. The hack resulted in the loss of an estimated 740,000 bitcoin.

Mt. Gox moved 47,228 BTC, signaling the start of their repayment process, which has caused some market fear due to the large potential sell-off ... However, it's worth noting that despite these concerns, the long-term impact may be less severe as the market gradually absorbs the selling pressure," said Willy Chuang, COO of crypto exchange WOO X.

Some customers may have to wait as long as 60-90 days to receive their payouts, but Mark Karpeles, the exchange's former CEO, confirmed in a direct message to CoinDesk on X that these are worst-case figures.

"Those are deadlines linked to the number of transfers to process, each exchange might have a slightly different internal policy and decide to credit everyone later than sooner or sooner than later," he said.

The announcement added selling pressure on bitcoin and the broader crypto market after Mt. Gox announced last month its intention to start repayments in July.

Bitcoin plunged to as low as $53,600, its lowest level in five months. The freefall led to over $580 million in bullish bets being liquidated. The world's largest digital asset remained under $55,000 mid-morning in Europe. This means we may expect higher volatility within this period.

$BTC $BTC $BNB