Itz_t_trade
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If you have little knowledge, then that means I have zero knowledge😂, please don't say it again so that i won't feel like I don't know anything😅
CRYPTO MECHANIC
--
This was me giving you reasons why Alts will not drop more.
That's all i can do based on a little knowledge i have.
That's all i can do based on a little knowledge i have.
ترجمة
Man, It seems those guys that were calling for 90k finally got their prayers answered 😂, all i can do is just laugh cus I didn't expect the red to be this much, o well that is why i am not a market maker😅
CRYPTO MECHANIC
--
Never seen Market this dead before.
I mean it would be ok if it was bear market but it's happening during the bull market.
So crazy
I mean it would be ok if it was bear market but it's happening during the bull market.
So crazy
ترجمة
It is kinda nice to just wake up and be like, when did i buy this token? just to check and see "distribution" 😅.
CRYPTO MECHANIC
--
Nothing is more better than making risk free money and binance gives you that opportunity either in terms of binance launchpool or Binance hodler airdrop via Simple earn if you're holding BNB or FDUSD and stake it to farm new or existing projects.
$VANA hits $35 peak and its the 62nd project on the binance launchpool and it was given out free to the users who farmed it.
I shared a brief article on Vana you can read it here 👇🏻
What is vana?
What is Binance Launchpool?
Binance Launchpool is a platform that allows users to farm new or existing tokens before they are officially listed on the Binance exchange. It provides an opportunity for users to participate in the early stages of new crypto projects by staking their existing crypto assets to earn new tokens.
You can't farm Vana tokens now as the farming is over but you can keep your eyes on Binance upcoming launchpool because these launchpools will keep on coming
if you're interested in making some risk free money. I call it risk free money because i don't see any risk involved there.
You simply stake your BNB or FDUSD and farm these new projects.
Where can you farm upcoming tokens?
you can stay updated with binance announcements or it will come on this launchpool page
Checkout Binance launchpad 👈🏻
Do you participate in Binance launchpad?
$VANA hits $35 peak and its the 62nd project on the binance launchpool and it was given out free to the users who farmed it.
I shared a brief article on Vana you can read it here 👇🏻
What is vana?
What is Binance Launchpool?
Binance Launchpool is a platform that allows users to farm new or existing tokens before they are officially listed on the Binance exchange. It provides an opportunity for users to participate in the early stages of new crypto projects by staking their existing crypto assets to earn new tokens.
You can't farm Vana tokens now as the farming is over but you can keep your eyes on Binance upcoming launchpool because these launchpools will keep on coming
if you're interested in making some risk free money. I call it risk free money because i don't see any risk involved there.
You simply stake your BNB or FDUSD and farm these new projects.
Where can you farm upcoming tokens?
you can stay updated with binance announcements or it will come on this launchpool page
Checkout Binance launchpad 👈🏻
Do you participate in Binance launchpad?
ترجمة
Taking profit is really good 😅, it's nice you keep telling us when you are take profit, it funny when someone gives all his profit and even capital back to the market. Would it be possible to share your recommended portfolio mgt and tp tips (% to tp, % of funds in a coin, etc.)
CRYPTO MECHANIC
--
So yesterday was the bottom? if it was the bottom why market isn't recovering fast?
These dips liquidate so many traders People get scared to buy.
They don't have the confidence to get into such sharp dips. This is why it takes time to recover. It will take time to move back up.
May start to consolidate 10-15% above the bottom tick for some time.
Rest assured no one knows where the exact bottom will be so just be ready for every market situation.
These dips liquidate so many traders People get scared to buy.
They don't have the confidence to get into such sharp dips. This is why it takes time to recover. It will take time to move back up.
May start to consolidate 10-15% above the bottom tick for some time.
Rest assured no one knows where the exact bottom will be so just be ready for every market situation.
ترجمة
I usually end my posts with Happy #trading and #investing , but i realize i never actually said anything about it assuming that everyone knew the difference, but that does not seem to be the case. So I will talk about it today to help guide your trading and investing decisions.
Trader vs. Investor: Which One Are You?
Let’s break it down in simple terms.
A trader is like a sprinter. They focus on short-term opportunities—buying and selling within days, hours, or even minutes. Their goal? Quick profits from price changes. Think of it like catching waves: you’re in, you’re out, and you move on to the next.
An investor, on the other hand, is more like a marathon runner. They’re in it for the long haul— weeks, months, or years. Investors aim to grow their wealth steadily over time, often by buying and holding on while they grow in value.
Some of you might say i just described Day trading vs Swing trading, maybe, maybe not.
if you are looking at holding a position for long term, you automatically tend towards investing and honestly, in crypto its better you do that with $BTC instead of some other coin/token, but if you want in and out, few weeks max, then you can trade others not BTC, if you trade other tokens for the long haul, you are asking to be liquidated if you do not know how to manage your risks, but if you are trading other tokens for the short term, you will get more substantial returns.
in summary:
Trading = Short term = I recommend trading not BTC (use it as a guide)
Investing = Long term = I recommend trading only BTC (i.e. no #AltcoinStars , #memecoin🚀🚀🚀 , whatever you want to call them)
p.s. this is for Spot, if you take this into futures, then it is truly day trading vs swing trading
Trader vs. Investor: Which One Are You?
Let’s break it down in simple terms.
A trader is like a sprinter. They focus on short-term opportunities—buying and selling within days, hours, or even minutes. Their goal? Quick profits from price changes. Think of it like catching waves: you’re in, you’re out, and you move on to the next.
An investor, on the other hand, is more like a marathon runner. They’re in it for the long haul— weeks, months, or years. Investors aim to grow their wealth steadily over time, often by buying and holding on while they grow in value.
Some of you might say i just described Day trading vs Swing trading, maybe, maybe not.
if you are looking at holding a position for long term, you automatically tend towards investing and honestly, in crypto its better you do that with $BTC instead of some other coin/token, but if you want in and out, few weeks max, then you can trade others not BTC, if you trade other tokens for the long haul, you are asking to be liquidated if you do not know how to manage your risks, but if you are trading other tokens for the short term, you will get more substantial returns.
in summary:
Trading = Short term = I recommend trading not BTC (use it as a guide)
Investing = Long term = I recommend trading only BTC (i.e. no #AltcoinStars , #memecoin🚀🚀🚀 , whatever you want to call them)
p.s. this is for Spot, if you take this into futures, then it is truly day trading vs swing trading
ترجمة
Promising #Play2Earn projects to join.
It's easy to take advantage of #airdrops during a #bullrun , one of the prevalent themes of this season is the airdrop theme, with so many out there, it almost like playing russian roulette to find out which will actually be worth your time.
With the success of #notcoin and how much funding is going into the gaming space, there is an opportunity that another notcoin like success might come up soon especially those that are walking the same path on Telegram.
Below are 3 projects that may turn out to be just as worthwhile as notcoin.
1. Blum - A project on telegram to facilitate crypto trading that Binance labs has its eyes on. They are currently farming and if all goes well, it might bring a smile to your face.
Copy link below to play:
t. me / BlumCryptoBot / app?startapp=ref_VXXvELbngA
2. Catizen - This is a cat themed telegram game that is currently running a promotion with Bybit with plans for airdrop to gamers this Q2 2024.
Copy link below to play:
t. me / Catizen_Mntbot / gameapp?startapp=rp_7530741
3. Hamster kombat - This is a hamster themed telegram game that's somewhat similar to the $NOT game, this one is basically giving me the notcoin vibe thus why it's coming up here.
Copy link below to play:
t. co / 22kHEAWpmE
The great thing about these games is the fact that all you need is your telegram app, no need to download another app and they are not as stressful as other airdrops so basically with little time investment, you may actually come up big.
p.s. it's not 100%, but with it's zero risk, its like why not.
All the best.
It's easy to take advantage of #airdrops during a #bullrun , one of the prevalent themes of this season is the airdrop theme, with so many out there, it almost like playing russian roulette to find out which will actually be worth your time.
With the success of #notcoin and how much funding is going into the gaming space, there is an opportunity that another notcoin like success might come up soon especially those that are walking the same path on Telegram.
Below are 3 projects that may turn out to be just as worthwhile as notcoin.
1. Blum - A project on telegram to facilitate crypto trading that Binance labs has its eyes on. They are currently farming and if all goes well, it might bring a smile to your face.
Copy link below to play:
t. me / BlumCryptoBot / app?startapp=ref_VXXvELbngA
2. Catizen - This is a cat themed telegram game that is currently running a promotion with Bybit with plans for airdrop to gamers this Q2 2024.
Copy link below to play:
t. me / Catizen_Mntbot / gameapp?startapp=rp_7530741
3. Hamster kombat - This is a hamster themed telegram game that's somewhat similar to the $NOT game, this one is basically giving me the notcoin vibe thus why it's coming up here.
Copy link below to play:
t. co / 22kHEAWpmE
The great thing about these games is the fact that all you need is your telegram app, no need to download another app and they are not as stressful as other airdrops so basically with little time investment, you may actually come up big.
p.s. it's not 100%, but with it's zero risk, its like why not.
All the best.
ترجمة
Justin Sun孙宇晨
--
Think you're a true #TRONICS ? Prove it for a chance to GRAB some TRX! 🎉
Giving away 10,000 TRX to 20 lucky followers.
To enter:
1️⃣ Follow me (@justinsuntron) on Binance Square
2️⃣ Follow @trondao on Binance Square
3️⃣ Fill out the form: https://forms.gle/eejMixqJvH6kHRdh6
Winners and prizes will be allocated on May 30th. Let's see who's part of the TRON Community. 😊
#TRX #TRON #GIVEAWAY🎁 #cryptocurrency
Giving away 10,000 TRX to 20 lucky followers.
To enter:
1️⃣ Follow me (@justinsuntron) on Binance Square
2️⃣ Follow @trondao on Binance Square
3️⃣ Fill out the form: https://forms.gle/eejMixqJvH6kHRdh6
Winners and prizes will be allocated on May 30th. Let's see who's part of the TRON Community. 😊
#TRX #TRON #GIVEAWAY🎁 #cryptocurrency
ترجمة
You say $BTC is crashing and you have to sell now, so you sell, your family members are selling, your friend sells, your neighbour is selling , remember trading is a two way game, who do you think is buying everything you all are selling.
I will not tell you its wrong to sell because its actually not, but don't sell because you are told to or because everyone you know is doing so, sell when your analysis says so or you've reached your target.
Trading is your choice.
Happy trading and investing.
I will not tell you its wrong to sell because its actually not, but don't sell because you are told to or because everyone you know is doing so, sell when your analysis says so or you've reached your target.
Trading is your choice.
Happy trading and investing.
ترجمة
How do you know a coin/token you should take out of your portfolio?
One easy was is if the coin consistently drops faster than $BTC and consistently rises slower than #BTC , its a sign that the project is not sustainable/dead or has become a pump and dump project.
You're better off just buying BTC itself.
Happy trading and investing.
One easy was is if the coin consistently drops faster than $BTC and consistently rises slower than #BTC , its a sign that the project is not sustainable/dead or has become a pump and dump project.
You're better off just buying BTC itself.
Happy trading and investing.
ترجمة
The peculiarities of this year's #BullRun🐂
#BTC halving year always marked a bull market for the crypto community, however, this season has it's peculiarities which everyone must watch out for.
1. First is the #BTCETFSPOT that was approved in January, we can already see it's effect on the price of bitcoin , however this also means that there is more fuel for BTC dominance which means just because BTC moves this season doesn't mean every Alt will follow.
2. We have more Coin/Tokens or whatever you call them in the market market and as a result this isn't going to be like before when you could literally randomly pick any coin and it will be huge profit, investors are not spreading their money like before.
3. There likely is not going to be a repeat of previous #Altseason . Many factors including the two i mentioned above contribute to this. It's not going to be every alt pump simultaneously scenario, however it's going to be seasonal like a relay race, one category will pump per time, we've seen the gaming token pump, we've seen the AI coins pump, we are seeing the meme coins pump, so that's how it's likely going to be this season. Yes there will be done standout moves on different coins when they attract huge investments or achieve significant milestones in their project but to make the best of this bull run without losing money is strategically buy the coin in season or the category that has the baton in this relay race.
However , if you are a low risk investor, you canngo for the safety of Bitcoin or #Ethereum(ETH) , they won't give you 100x or 10x, but you can be sure of your funds giving you some returns especially if you buy at the right price (e.g at demand zones)
Happy trading and investing
#BTC halving year always marked a bull market for the crypto community, however, this season has it's peculiarities which everyone must watch out for.
1. First is the #BTCETFSPOT that was approved in January, we can already see it's effect on the price of bitcoin , however this also means that there is more fuel for BTC dominance which means just because BTC moves this season doesn't mean every Alt will follow.
2. We have more Coin/Tokens or whatever you call them in the market market and as a result this isn't going to be like before when you could literally randomly pick any coin and it will be huge profit, investors are not spreading their money like before.
3. There likely is not going to be a repeat of previous #Altseason . Many factors including the two i mentioned above contribute to this. It's not going to be every alt pump simultaneously scenario, however it's going to be seasonal like a relay race, one category will pump per time, we've seen the gaming token pump, we've seen the AI coins pump, we are seeing the meme coins pump, so that's how it's likely going to be this season. Yes there will be done standout moves on different coins when they attract huge investments or achieve significant milestones in their project but to make the best of this bull run without losing money is strategically buy the coin in season or the category that has the baton in this relay race.
However , if you are a low risk investor, you canngo for the safety of Bitcoin or #Ethereum(ETH) , they won't give you 100x or 10x, but you can be sure of your funds giving you some returns especially if you buy at the right price (e.g at demand zones)
Happy trading and investing
ترجمة
$SEI Short term analysis
Short term analysis suggest that #Sei might be rebounding from its current downtrend. The 1 hour TF sees the coin form a double bottom with a slight RSI divergence.
This suggest that it might test the resistance level around 0.64 area and if it manages to break it, it might go next for the 0.7 levels.
Conversely, if it fails it might return to lower levels close to the 0.55 area. But the the hope of the potential v2 upgrade, we might see it resume its upward trend (that is a long term view).
P.s. this is not #FinancialAdvice #DYOR🟢
#Write2Earn
Short term analysis suggest that #Sei might be rebounding from its current downtrend. The 1 hour TF sees the coin form a double bottom with a slight RSI divergence.
This suggest that it might test the resistance level around 0.64 area and if it manages to break it, it might go next for the 0.7 levels.
Conversely, if it fails it might return to lower levels close to the 0.55 area. But the the hope of the potential v2 upgrade, we might see it resume its upward trend (that is a long term view).
P.s. this is not #FinancialAdvice #DYOR🟢
#Write2Earn
ترجمة
Learn to Trade Series
Part 2 - Trendlines
Welcome back to our Learn to Trade series! Today, I'll be discussing trendlines, another essential tool in your trading arsenal.
Trendlines are a visualization of the trend direction in a market. They help you identify the direction of price movement and potential reversal points. Just like support and resistance (as mentioned on the part 1), they provide insight into market psychology and aid in making informed trading decisions.
Trendlines are basically dynamic support and resistance levels that follow the trajectory of the price trend.
How do you draw them? like support and resistance, its as simple as 1, 2, 3.
1. Identify the Trend: Before drawing a trendline, identify the prevailing trend in the market. Trends can be categorized as uptrends, downtrends, or sideways movements.
2. Connect Swing Points: In an uptrend, draw a line connecting consecutive higher swing lows. Conversely, in a downtrend, connect consecutive lower swing highs with a line.
3. Validate with Touchpoints: Similar to support and resistance, the effectiveness of a trendline increases with the number of touchpoints. The more times the price interacts with the trendline, the stronger it becomes.
Trendlines will help you gain insights into potential entry and exit points, trend reversals, and trend strength. They also assist in setting profit targets and managing risk effectively.
Remember, trendlines are versatile and can be applied across different timeframes, from HTF trends to LTF movements. (note: HTFs trends are usually stronger than LTF)
Happy trading and investing.
#Write2Earn #TradingAdvice
Part 2 - Trendlines
Welcome back to our Learn to Trade series! Today, I'll be discussing trendlines, another essential tool in your trading arsenal.
Trendlines are a visualization of the trend direction in a market. They help you identify the direction of price movement and potential reversal points. Just like support and resistance (as mentioned on the part 1), they provide insight into market psychology and aid in making informed trading decisions.
Trendlines are basically dynamic support and resistance levels that follow the trajectory of the price trend.
How do you draw them? like support and resistance, its as simple as 1, 2, 3.
1. Identify the Trend: Before drawing a trendline, identify the prevailing trend in the market. Trends can be categorized as uptrends, downtrends, or sideways movements.
2. Connect Swing Points: In an uptrend, draw a line connecting consecutive higher swing lows. Conversely, in a downtrend, connect consecutive lower swing highs with a line.
3. Validate with Touchpoints: Similar to support and resistance, the effectiveness of a trendline increases with the number of touchpoints. The more times the price interacts with the trendline, the stronger it becomes.
Trendlines will help you gain insights into potential entry and exit points, trend reversals, and trend strength. They also assist in setting profit targets and managing risk effectively.
Remember, trendlines are versatile and can be applied across different timeframes, from HTF trends to LTF movements. (note: HTFs trends are usually stronger than LTF)
Happy trading and investing.
#Write2Earn #TradingAdvice
Learn to Trade Series
Part 1 - Support and Resistance (Horizontal).
I decided to start this short series because I see too many people rely heavily on "signals" without being able to verify the signal themselves.
Don't get me wrong, signals are not bad, they make it easier for me to choose a coin to analyze (p.s. it's good to have a list of coins that you prefer to trade or not trade).
Note: This series assumes that you already have a layman's understanding of trading, I am just going to point out easy trading tools/skills that you can use to verify a setup or to create your trading strategy.
Now to Support and Resistance, what are they?
Support: Imagine the price of a coin (e.g #BTC ) as if it's bouncing on a trampoline. When the price falls to a certain level and bounces back up, that level is considered a "support" level. It's like there's a floor preventing the price from going lower.
Resistance: On the flip side, resistance is like a ceiling. When the price rises to a certain level and struggles to go higher, that level is considered a "resistance" level. It's a point where the price finds it hard to break through and move higher.
now, how do you draw/set them up? its as simple as 1, 2, 3.
1. Identify Peaks and Valleys: Look at a price chart for peaks and valleys. Peaks indicate potential resistance levels, and valleys indicate potential support levels.
2. Draw Lines: Once you identify these levels, draw lines across them. This helps visualize where the price has historically struggled to go beyond (resistance) or fallen below (support).
3. Multiple Touchpoints: The more times the price bounces off a level, the more significant that level becomes. Multiple touchpoints validate the strength of support or resistance.
With this simple skill in hand, it will help you validate entry points, manage risk and have a view of market psychology.
You can draw these lines starting from a higher tf and work your way down to lower tf to get a full view.
I hope this helps someone.
Happy trading and investing.
#TradingAdvice #Write2Earn
Part 1 - Support and Resistance (Horizontal).
I decided to start this short series because I see too many people rely heavily on "signals" without being able to verify the signal themselves.
Don't get me wrong, signals are not bad, they make it easier for me to choose a coin to analyze (p.s. it's good to have a list of coins that you prefer to trade or not trade).
Note: This series assumes that you already have a layman's understanding of trading, I am just going to point out easy trading tools/skills that you can use to verify a setup or to create your trading strategy.
Now to Support and Resistance, what are they?
Support: Imagine the price of a coin (e.g #BTC ) as if it's bouncing on a trampoline. When the price falls to a certain level and bounces back up, that level is considered a "support" level. It's like there's a floor preventing the price from going lower.
Resistance: On the flip side, resistance is like a ceiling. When the price rises to a certain level and struggles to go higher, that level is considered a "resistance" level. It's a point where the price finds it hard to break through and move higher.
now, how do you draw/set them up? its as simple as 1, 2, 3.
1. Identify Peaks and Valleys: Look at a price chart for peaks and valleys. Peaks indicate potential resistance levels, and valleys indicate potential support levels.
2. Draw Lines: Once you identify these levels, draw lines across them. This helps visualize where the price has historically struggled to go beyond (resistance) or fallen below (support).
3. Multiple Touchpoints: The more times the price bounces off a level, the more significant that level becomes. Multiple touchpoints validate the strength of support or resistance.
With this simple skill in hand, it will help you validate entry points, manage risk and have a view of market psychology.
You can draw these lines starting from a higher tf and work your way down to lower tf to get a full view.
I hope this helps someone.
Happy trading and investing.
#TradingAdvice #Write2Earn
ترجمة
$BTC vs Gold #ETFsApproval
#BTC and gold have always been compared with each other due to their decentralized nature, limited supply and global acceptance, of which this comparison increased when the Bitcoin #etf came into limelight.
Several analysts predicted that the path of bitcoin pre and post ETF approval would be similar to that of Gold. As we can see from the chart, the analysts got it right with regards to the path Bitcoin would take pre ETF approval and the short term trajectory post approval.
However, with regards to its long term trajectory, they say history repeats itself, and with the current trend, rapid developments in the crypto space and the upcoming #Halving , the signs point to new ATH being in sight for the King of Crypto. Though BTC could take different paths but all the paths seem favorable.
Long term investors still remain confident in their BTC investment, however, for day traders, careful analysis should be done when entering trades with proper risk management (p.s. do not trade without stop loss).
I hope to look back at this post in the next 3-4 months and smile that our general analysis held true.
Happy Trading and Investing.
#BTC and gold have always been compared with each other due to their decentralized nature, limited supply and global acceptance, of which this comparison increased when the Bitcoin #etf came into limelight.
Several analysts predicted that the path of bitcoin pre and post ETF approval would be similar to that of Gold. As we can see from the chart, the analysts got it right with regards to the path Bitcoin would take pre ETF approval and the short term trajectory post approval.
However, with regards to its long term trajectory, they say history repeats itself, and with the current trend, rapid developments in the crypto space and the upcoming #Halving , the signs point to new ATH being in sight for the King of Crypto. Though BTC could take different paths but all the paths seem favorable.
Long term investors still remain confident in their BTC investment, however, for day traders, careful analysis should be done when entering trades with proper risk management (p.s. do not trade without stop loss).
I hope to look back at this post in the next 3-4 months and smile that our general analysis held true.
Happy Trading and Investing.
ترجمة
Learn to Trade Series
Part 1 - Support and Resistance (Horizontal).
I decided to start this short series because I see too many people rely heavily on "signals" without being able to verify the signal themselves.
Don't get me wrong, signals are not bad, they make it easier for me to choose a coin to analyze (p.s. it's good to have a list of coins that you prefer to trade or not trade).
Note: This series assumes that you already have a layman's understanding of trading, I am just going to point out easy trading tools/skills that you can use to verify a setup or to create your trading strategy.
Now to Support and Resistance, what are they?
Support: Imagine the price of a coin (e.g #BTC ) as if it's bouncing on a trampoline. When the price falls to a certain level and bounces back up, that level is considered a "support" level. It's like there's a floor preventing the price from going lower.
Resistance: On the flip side, resistance is like a ceiling. When the price rises to a certain level and struggles to go higher, that level is considered a "resistance" level. It's a point where the price finds it hard to break through and move higher.
now, how do you draw/set them up? its as simple as 1, 2, 3.
1. Identify Peaks and Valleys: Look at a price chart for peaks and valleys. Peaks indicate potential resistance levels, and valleys indicate potential support levels.
2. Draw Lines: Once you identify these levels, draw lines across them. This helps visualize where the price has historically struggled to go beyond (resistance) or fallen below (support).
3. Multiple Touchpoints: The more times the price bounces off a level, the more significant that level becomes. Multiple touchpoints validate the strength of support or resistance.
With this simple skill in hand, it will help you validate entry points, manage risk and have a view of market psychology.
You can draw these lines starting from a higher tf and work your way down to lower tf to get a full view.
I hope this helps someone.
Happy trading and investing.
#TradingAdvice #Write2Earn
Part 1 - Support and Resistance (Horizontal).
I decided to start this short series because I see too many people rely heavily on "signals" without being able to verify the signal themselves.
Don't get me wrong, signals are not bad, they make it easier for me to choose a coin to analyze (p.s. it's good to have a list of coins that you prefer to trade or not trade).
Note: This series assumes that you already have a layman's understanding of trading, I am just going to point out easy trading tools/skills that you can use to verify a setup or to create your trading strategy.
Now to Support and Resistance, what are they?
Support: Imagine the price of a coin (e.g #BTC ) as if it's bouncing on a trampoline. When the price falls to a certain level and bounces back up, that level is considered a "support" level. It's like there's a floor preventing the price from going lower.
Resistance: On the flip side, resistance is like a ceiling. When the price rises to a certain level and struggles to go higher, that level is considered a "resistance" level. It's a point where the price finds it hard to break through and move higher.
now, how do you draw/set them up? its as simple as 1, 2, 3.
1. Identify Peaks and Valleys: Look at a price chart for peaks and valleys. Peaks indicate potential resistance levels, and valleys indicate potential support levels.
2. Draw Lines: Once you identify these levels, draw lines across them. This helps visualize where the price has historically struggled to go beyond (resistance) or fallen below (support).
3. Multiple Touchpoints: The more times the price bounces off a level, the more significant that level becomes. Multiple touchpoints validate the strength of support or resistance.
With this simple skill in hand, it will help you validate entry points, manage risk and have a view of market psychology.
You can draw these lines starting from a higher tf and work your way down to lower tf to get a full view.
I hope this helps someone.
Happy trading and investing.
#TradingAdvice #Write2Earn
ترجمة
The Crypto Triangle: Whales, Institutions, and Retail Reimagine Trading
With the recent developments in #BTC and crypto industry, there has been a slight change in the crypto market's power dynamics.
Institutional investors now have more access to the industry and with them, they bring their vast capital and sophisticated strategies. Their presence alters the traditional whale-dominated landscape, potentially smoothing volatility and shifting focus towards fundamentals.
What does that mean for retail traders, retailers need to learn to navigate the currents created by institutional whales, develop new strategies, and stay informed to react swiftly to changing tides.
Few pointers for retail traders:
1. #TechnicalAnalysis is your friend: Charts, trends, indicators – your new best friends. Understand how the big boys move and predict the waves before they break.
2. Dig deep into fundamentals: Don't just chase the shiny. Research projects, understand tech, assess teams. Know what you're buying, not just the price tag.
3. Ditch the FOMO, embrace patience: Impulsive buys on a whim? Out. Time your trades, set stop-losses, and don't panic when the market hiccups.
4. Adapt or get eaten: Be a chameleon, not a stubborn rock. Markets shift, strategies evolve. Learn new tricks, stay flexible, and don't be afraid to adjust your course.
5. Community's your lifeline: Share insights, discuss strategies, and support each other. Knowledge is power, and shared knowledge is crypto gold.
The crypto triangle – whales, institutions, and retailers – presents a fascinating dynamic. Trading will evolve, strategies will adapt, and the market will dance to a new rhythm. Whether this proves to be a bullish stampede or a cautious waltz, The savvy retailer that learns to read the signals, anticipate institutional maneuvers, and adapt their strategies in a shifting ecosystem will be able thrive.
Happy Trading and Investing.
#etf
With the recent developments in #BTC and crypto industry, there has been a slight change in the crypto market's power dynamics.
Institutional investors now have more access to the industry and with them, they bring their vast capital and sophisticated strategies. Their presence alters the traditional whale-dominated landscape, potentially smoothing volatility and shifting focus towards fundamentals.
What does that mean for retail traders, retailers need to learn to navigate the currents created by institutional whales, develop new strategies, and stay informed to react swiftly to changing tides.
Few pointers for retail traders:
1. #TechnicalAnalysis is your friend: Charts, trends, indicators – your new best friends. Understand how the big boys move and predict the waves before they break.
2. Dig deep into fundamentals: Don't just chase the shiny. Research projects, understand tech, assess teams. Know what you're buying, not just the price tag.
3. Ditch the FOMO, embrace patience: Impulsive buys on a whim? Out. Time your trades, set stop-losses, and don't panic when the market hiccups.
4. Adapt or get eaten: Be a chameleon, not a stubborn rock. Markets shift, strategies evolve. Learn new tricks, stay flexible, and don't be afraid to adjust your course.
5. Community's your lifeline: Share insights, discuss strategies, and support each other. Knowledge is power, and shared knowledge is crypto gold.
The crypto triangle – whales, institutions, and retailers – presents a fascinating dynamic. Trading will evolve, strategies will adapt, and the market will dance to a new rhythm. Whether this proves to be a bullish stampede or a cautious waltz, The savvy retailer that learns to read the signals, anticipate institutional maneuvers, and adapt their strategies in a shifting ecosystem will be able thrive.
Happy Trading and Investing.
#etf
ترجمة
A little note to consider after #SEC 's approval of #BTC #etf
This approval is a game-changer, and here's something else we should consider in our trading strategies:
Trading times:
Traditional market hours: Most of the approved ETPs will likely list on major US exchanges, meaning their trading hours will align with those exchanges, typically weekdays 9:30 AM to 4 PM Eastern Time. This opens up access to a larger pool of investors who previously couldn't trade Bitcoin during those hours.
Though Some platforms like Grayscale might offer their ETPs on alternative exchanges with 24/7 trading. However, the liquidity and volume might be lower during off-market hours compared to peak times.
Volatility:
Potential decrease: Increased institutional participation through ETFs could inject more stability into the market, potentially leading to lower volatility during regular trading hours. This is because institutions tend to trade with larger volumes and longer holding periods, compared to individual traders who might be more prone to short-term swings.
Shifting volatility: While overall volatility may decrease during traditional trading hours, it's possible for price fluctuations to become more concentrated around news events or economic releases that occur outside those hours.
Additional Note:
As ETPs are still new, their impact on volatility will depend on their adoption by investors and future regulations impacting the broader cryptocurrency market.
In conclusion, the SEC ETF approval is likely to change the dynamics of Bitcoin and ultimately crypto trading.
This is just an analysis of the possible ripple effect of the Bitcoin ETF approval not an outright #TradingAdvice
Happy Trading and Investing. Lets not forget, another day and another opportunity to vote whale tracker in #BinanceSquareCreatorAwards
Thanks
This approval is a game-changer, and here's something else we should consider in our trading strategies:
Trading times:
Traditional market hours: Most of the approved ETPs will likely list on major US exchanges, meaning their trading hours will align with those exchanges, typically weekdays 9:30 AM to 4 PM Eastern Time. This opens up access to a larger pool of investors who previously couldn't trade Bitcoin during those hours.
Though Some platforms like Grayscale might offer their ETPs on alternative exchanges with 24/7 trading. However, the liquidity and volume might be lower during off-market hours compared to peak times.
Volatility:
Potential decrease: Increased institutional participation through ETFs could inject more stability into the market, potentially leading to lower volatility during regular trading hours. This is because institutions tend to trade with larger volumes and longer holding periods, compared to individual traders who might be more prone to short-term swings.
Shifting volatility: While overall volatility may decrease during traditional trading hours, it's possible for price fluctuations to become more concentrated around news events or economic releases that occur outside those hours.
Additional Note:
As ETPs are still new, their impact on volatility will depend on their adoption by investors and future regulations impacting the broader cryptocurrency market.
In conclusion, the SEC ETF approval is likely to change the dynamics of Bitcoin and ultimately crypto trading.
This is just an analysis of the possible ripple effect of the Bitcoin ETF approval not an outright #TradingAdvice
Happy Trading and Investing. Lets not forget, another day and another opportunity to vote whale tracker in #BinanceSquareCreatorAwards
Thanks