Symmetrical Triangle

The symmetrical triangle pattern can be either bullish or bearish, depending on the market. In either case, it is normally a continuation pattern, which means the market will usually continue in the same direction as the overall trend once the pattern has formed.

Symmetrical triangles form when the price converges with a series of lower peaks and higher troughs. In the example below, the overall trend is bearish, but the symmetrical triangle shows us that there has been a brief period of upward reversals.

The symmetrical triangle pattern can be either bullish or bearish, depending on the market. In either case, it is normally a continuation pattern, which means the market will usually continue in the same direction as the overall trend once the pattern has formed.

Symmetrical triangles form when the price converges with a series of lower peaks and higher troughs. In the example below, the overall trend is bearish, but the symmetrical triangle shows us that there has been a brief period of upward reversals.

CLOUD MINING

Few people have never heard about mining - the process by which new coins are entered into circulation. In general, mining is performed using sophisticated hardware like GPUs or ASICs that solves an extremely complex computational math problem. What if you want to start mining but don’t have appropriate hardware? Cloud mining is a possible solution!

Cloud mining is a mechanism to mine a cryptocurrency, such as bitcoin, using rented cloud computing power and without having to install and directly run the hardware and related software. Cloud mining firms allow people to open an account and remotely participate in the process of cryptocurrency mining for a basic cost, making mining accessible to a wider number of people across the world. Since this form of mining is done via cloud, it reduces issues such as maintenance of equipment or direct energy costs.

Unfortunately, cloud mining and other crypto mining scams are some of the most prolific crypto fraud types operating today. The schema is quite simple: you register on a website, choose the best cloud mining option, make a payment and that’s all. You are banned or can’t get your mined bitcoins/ethereums/whatever back. In addition, scammers can download spying or hidden mining malware programs on your device.

Moreover, due to an increased number of people who are interested in learning about mining cryptocurrency, cybercriminals are actively exploiting people’s interest not just by deploying cryptocurrency-mining malware, but by creating fake Android apps that target those interested in virtual coins. These malicious apps can trick victims into watching ads, paying for subscription services that have an average monthly fee of $15, and paying for increased mining capabilities without getting anything in return.

Upstanding cloud mining services can exist but you always have to remember that scam is more common here. Keep your funds safe.😉

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WHY IS A RISK MANAGEMENT STRATEGY IMPORTANT IN CRYPTO ?

😊It's common knowledge that crypto, as an asset class, is one of the higher-risk investments available to the average investor. Prices have proven to be volatile, projects can crash overnight, and the technology behind blockchain can be challenging for newcomers to understand.

😊With crypto moving rapidly, it's imperative to employ sound risk management practices and strategies to reduce your exposure to potential risks. This is also an essential step to becoming a successful and responsible trader.

😊Read on to find out about five risk management strategies that can benefit your crypto portfolio.

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KEY RISK MANAGEMENT METHODS

🤜ACCEPTANCE : Deciding to take on the risk of investing in an asset but not spending money to avoid it as the potential loss isn't significant.

🤜TRANSFERENCE : Transferring the risk of an investment to a third party at a cost.

🤜AVOIDANCE : Not investing in an asset with potential risk.

🤜REDUCTION : Reducing the financial consequences of a risky investment by diversifying across your portfolio. This could be within the same asset class or even across industries and assets.

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#riskcontol #RiskManagement

ChatGPT Suggests main Altcoins Under $0.01 for $1,000 Investment

1. Shiba Inu (SHIB)

Investment Recommendation: $30 - $1000

Shiba Inu (SHIB) tops the list with a recommendation to invest. At a current price, this investment would yield approximately 11.94 million SHIB tokens. SHIB's strong community, high liquidity, and growth potential make it an attractive investment. Currently, SHIB ranks as the 11th-largest

cryptocurrency with a market cap of $14.75 billion and a 24-hour trading volume of $409.65 million.

#shib #Shibainuholder #SHIBARICHLIST

MY TRADING STRATEGY ✍️

MARGIN MODE ✅

Using CROSS MODE

Leverage - Capital per trade (not per entry)

1x to 10x Upto 8%
11x to 25x Upto 5%
26x to 50x Upto 3%
Morethan 51x Upto 2%

Hold 2 to 3 trades , when you're using cross margin and maintain risk ratio less than 5%

Using ISOLATED MODE

Use leverage 5x to 10x only and invest 5 to 8% funds

ENTRY STRATEGY ✅
Take 2 to 3 entries ( DCA STRATEGY )

WHEN FOLLOWING SIGNALS

RESTRICTING TAKING ENTRIES ✅

If you took the trade at entry 1 then it achieved tp2 quickly , Don't take further entries.

Don't take entries after tp2 hit.

SECURING PROFITS ✅
🟢 If 2 or 3 Entry Points(EPs) achieved , then you should shift Target points. If entry 2 achieved , then Ep 1 will be 1st TP.
🟢Always exit 20% (tp1) , 30% (tp2) and remaining tps , exit equal portions
🟢Move SL to Entry-Price after tp3
🟢Take profits at every tp , Don't be greedy and hold only for final tp.

1% RISK RULE is more safe ✅

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