The chart shows Bitcoin's price heading toward the **Daily Balance Price Range (D BPR)** between **$63,212** and **$63,531**. The expectation is that the price will hit this resistance zone and likely reject, leading to a potential drop towards **$55,000** or lower. The overall sentiment appears bearish after a short-term rise. #MarketDownturn #Bitcoin❗ $BTC
The chart shows a 4-hour timeframe analysis of Cardano (ADA) against Tether (USDT) on Binance. It highlights a potential upward price movement towards the previous market high (PMH) of around $0.40. The price has bounced from a support zone around $0.34 (4H Fair Value Gap - FVG), signaling potential bullish momentum. If the support holds, the target seems to be the $0.40 area. #adausdt #cardano $ADA #MarketDownturn
Analysis Breakdown: - The chart suggests that **Bitcoin has recently seen a move upwards** and is currently testing a previous significant resistance zone (around 63,212-63,531). - The dotted and projected lines appear to outline **two potential price paths**: 1. The price could **move up** towards the Daily BPR, hit the 63,212 - 63,531 resistance, and then **reverse down**. 2. After hitting this resistance, the price is expected to possibly **retrace** back down toward the 4H Breaker Block around the **60,000** level. 3. The scenario suggests that after a brief pullback, a sharper **downward move** may happen, bringing Bitcoin prices down to the **53,000 - 52,000 range**, indicating a bearish bias.
Projection:
- The chart seems to predict that once the price reaches the resistance zone (Daily BPR), there will be a rejection leading to a significant #BTC☀ #MarketDownturn $BTC
The chart shows Bitcoin's price heading toward the **Daily Balance Price Range (D BPR)** between **$63,212** and **$63,531**. The expectation is that the price will hit this resistance zone and likely reject, leading to a potential drop towards **$55,000** or lower. The overall sentiment appears bearish after a short-term rise. #MarketDownturn #Bitcoin❗ $BTC
I am thrilled to share that my Binance profile has reached an incredible milestone of 1000 (1K) followers today! A heartfelt thank you to each and every one of you for your support and trust. This journey wouldn't have been possible without you...
As I mentioned a few days ago, the value of ETH coin has dropped by approximately 7%. Stay tuned for more insightful updates and crucial information like this. #eth $ETH #MarketDownturn
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CHANU CRYPTO
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Υποτιμητική
ETH/USDT . . - The chart suggests that Ethereum might briefly spike into the liquidity zone around 2420 to trigger stop-losses before reversing and moving downward.
- The EQH represents a resistance level with stop-loss liquidity just above.
- The BPR shows a balanced price range, and the expectation is for the price to move out of this range after the liquidity grab.
Let me know if you'd like more clarification! ok🌝✅ happy trading.. manage your risk..
The chart shows a 4-hour timeframe analysis of Cardano (ADA) against Tether (USDT) on Binance. It highlights a potential upward price movement towards the previous market high (PMH) of around $0.40. The price has bounced from a support zone around $0.34 (4H Fair Value Gap - FVG), signaling potential bullish momentum. If the support holds, the target seems to be the $0.40 area. #adausdt #cardano $ADA #MarketDownturn
ETH/USDT . . - The chart suggests that Ethereum might briefly spike into the liquidity zone around 2420 to trigger stop-losses before reversing and moving downward.
- The EQH represents a resistance level with stop-loss liquidity just above.
- The BPR shows a balanced price range, and the expectation is for the price to move out of this range after the liquidity grab.
A well-structured trading plan is essential for beginners to navigate the financial markets and minimize risks. Below is a simple trading plan that a beginner can follow:
### 1. **Define Your Goals and Motivation** - **Why do you want to trade?** - Understand whether you're trading to build wealth, earn additional income, or simply out of curiosity. - **Set financial goals:** - Are you looking for short-term gains, long-term wealth building, or both? Set clear, measurable, and realistic goals like earning 5% return per month or growing your capital by 20% over a year.
### 2. **Choose Your Market** - **Stocks:** Best for beginners due to the wealth of resources available. - **Forex (Currencies):** High liquidity, but volatile and risky. - **Cryptocurrency:** Popular but extremely volatile and risky. - **Commodities/Indices:** Great for diversification but require specific knowledge.
Start with one market and gradually diversify.
### 3. **Set Your Trading Capital** - **Risk only what you can afford to lose.** - As a beginner, set aside a small amount, such as $500 to $1,000, to learn the ropes. - **Position sizing:** - Never risk more than 1-2% of your capital on a single trade.
### 4. **Time Commitment** - **Day Trading:** Requires a full-time commitment as you need to monitor trades constantly. - **Swing Trading:** Less time-intensive, trades last days to weeks. - **Position Trading:** Long-term strategy, minimal daily monitoring.
Choose a strategy that aligns with your availability.
### 5. **Develop a Risk Management Plan** - **Risk-Reward Ratio:** Aim for at least a 2:1 ratio. For example, if you risk $100, aim to earn $200. - **Stop-Loss:** Set a stop-loss level to exit a trade if it goes against you. Example: 2-3% below your entry price. - **Take Profit Levels:** Have predetermined levels where you’ll take profits.
### 6. **Choose a Trading Strategy** - **Trend Following:** Buy when prices are rising, sell when they’re falling. - **Breakout Trading:** Trade on a break of a significant price level. - **Range Trading:** Buy at support and sell at resistance levels in a sideways market.
Stick to a single strategy at first to avoid confusion.
### 7. **Practice on a Demo Account** - Before risking real money, practice on a demo account offered by most brokers to gain confidence and refine your strategy without financial risk.
### 8. **Use Tools for Analysis** - **Technical Analysis:** - Learn to use indicators like moving averages, RSI (Relative Strength Index), and MACD (Moving Average Convergence Divergence). - **Fundamental Analysis:** - Focus on the financial health of companies (for stock trading) or the macroeconomic environment (for Forex or commodities). - **News & Sentiment Analysis:** Stay updated with major financial events or reports that could influence the markets.
### 9. **Journaling** - **Keep a trading journal:** - Document every trade, including your entry and exit points, the rationale for the trade, and what you learned. This will help you identify patterns and improve over time.
### 10. **Review and Adjust** - **Regularly evaluate:** - At the end of each week or month, review your trades, performance, and whether your goals are being met. - **Adapt as needed:** - Adjust your strategy based on your review, market conditions, and risk tolerance.
### Sample Beginner Trading Plan
1. **Goal:** Earn a consistent return of 5% per month over the next 12 months. 2. **Market:** Focus on stock trading. 3. **Time Commitment:** Swing trading with 2-3 hours of market analysis per day. 4. **Risk Management:** Risk no more than 1.5% of capital per trade, use stop losses. 5. **Strategy:** Follow trends using the 50-day and 200-day moving averages. 6. **Capital:** Start with $1,000 and only add more as you gain experience. 7. **Journal:** Track every trade and evaluate performance monthly.
--- This beginner’s trading plan will help you build discipline and consistency while minimizing losses. Always remember that trading comes with risks, and continuous learning and adapting are key to success. _Chanu_Crypto_ #TradingPlan #RISK_MANAGE #psychology
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