When people don't read the true news, this is what happens. 😱 Meanwhile, $72.65 million in short positions were liquidated in an hour Always check the information personally! And be careful. $BTC $ETH $USDC #BTC#fakenews
I will continue yesterday's thought on the subject of 📲 trading. And so, what more do you need for successful and safe trading?
🤑 I think that it is important to see the total realized and unrealized PNL for all open positions. So that you don't have to constantly switch between the exchange window and the trading terminal. And also the ability to close all open positions with one button in 2 clicks.
Some news about Bitcoin, which closed June at +11.98%. This is the first positive June closing in the last 4 years. Also, according to statistics since 2009, July is considered the best month after October.
A little bit about scalping. In my words...Scalping strategy is honest. With stops and limiting risks. No tricks like constant averaging or trading without stops. Wouldn't you agree?
For me to trade successfully and safely, I need to conveniently and quickly place an order to open a position, stop loss and take profit before I even enter the position, so I don't miss or worry about the trade.
A little bit about altcoins. From the latest news on the market we see that there is the largest activation of transactions in altcoins, especially in #MATIC#CHZ#CRV #USDT's . What do you think about it? #crypto2023
The market has been sideways for several days. Limit supply prevails in the market. Do not hurry to make global conclusions, if you trade, then the intraday moments. #crypto2023 #dyor #btc
#BTC - yesterday the tension was up. Today it's down. If they take away below the last large clusters and the price will stay there, it is a negative scenario. If they hold here, then there is a chance of buying price up again.
We can analyze the past and present volumes. In the past, these are clusters and market deltas. In the present and past are the limits and their history. 😍
By comparing how the price reacted to volumes (by market and limits) we can draw conclusions about the strength of the motivation of the market parties. Understanding which side is more motivated allows you to choose a trading direction.
☕ And we can build trading strategies based on these conclusions. Thus, we analyze the price reaction to realized and unrealized volumes.
Price does not move by itself. All people's desires and actions are expressed in the form of market and limit orders in both directions. 💰
At that, market orders move the price, and limit orders slow it down. 😱
The past price does not determine its future. The future of the price is determined by the volumes which will pass through the market by the market orders and which will end up in the glasses by the limits.
#BTC - congratulations 🥰 to all with profit, who waited for this moment.
At the moment, the first traces of serious pressure of sellers appeared. Someone discounts their assets at this price. After such large clusters and even in the daily frame, you can expect the correction of growth.
However, you should remember that it is a market and the demand can be so strong that the buyers will go further.
Right now, the liquidity is going into bitcoin. Well, that's understandable. It is actively bought. Then there will be a flow back from bitcoin, the alts. That's when we'll most likely see alts finally plummet 🥰