Trading is a way of life. It is necessary not only to win, | BARISYILDIZ on Binance Square

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Trading is a way of life.  It is necessary not only to win, but also to find the truth, to ensure justice and to act with wisdom.
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I aim to provide a general market analysis by explaining the movements of investment instruments or any traded product. For example, two bullion brands are known worldwide: one controls 70% of the market, while the other holds 15%. The remaining 5% is shared by other brands. The brand with a 15% market share tried to increase its share by spending a lot of money but failed and settled for its 15%. These brands continue to hold the same market shares today.Since 2017, I have been in the market and have reviewed thousands of educational sets like you. Despite many people studying these materials, very few have significantly increased their wealth. In fact, I do not know anyone personally who has become rich from crypto. A few might have bought a house or a car, but many have not seen significant gains.Therefore, avoid unrealistic plans for 50x or 100x returns. Small, regular weekly investments can make you wealthy over five years or help you buy a nice house or car. Remember, even the best economists often work on a salaried basis. If we take our investments seriously and act according to a plan, our chances of success in five years are high. Never lose hope. Cryptocurrencies are still the fastest way to reach our goals.For example, many believe that a decrease in Bitcoin dominance will invigorate altcoins. If dominance drops slightly, altcoins may gain value, but a significant drop could collapse the market. Always keep cash for purchases and aim to profit when buying a product.I wish you success. This article was written with love to help you make better decisions by considering these points. #Barisyildiz

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My previous interpretation received such a reaction, but the lower band of the falling channel attempted to break the previous upper band, we will all see what happens. #Bitcoin

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I think the price of Bitcoin is high, but some altcoins are at their lowest levels in the last five years. A good movement may begin for altcoins, as you see on the screen. If there is some buying during the day, it may be an active week in the market. I think the direction of the market will become clear in the coming days, including today. #bitcoin☀️ #Altcoins

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I'm waiting for the falling trend setup, I hope it happens and we can all cheer up a bit together. #bitcoin☀️

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Here's the analysis translated to English: This screenshot shows the short-term price chart and some technical indicators for the BTC/USDT (Bitcoin/Tether) pair. Based on my observations, I can provide the following analysis: 1. Price: Bitcoin's current price is $62,878.00 and has increased by 1.94% in the last 24 hours. 2. Trend: The short-term chart shows that the price has started to recover after a recent dip. It formed a bottom at $58,402.00 and is currently in an uptrend. 3. Technical Indicators: - MACD is in positive territory and rising, which is a bullish signal. - RSI is at 67.35, indicating strong momentum but approaching overbought territory. - Moving Averages (MA) seem to support the upward trend. 4. Volume: An increase in volume is observed in the last few candles, supporting the uptrend. Analytical forecast: In the short term, Bitcoin is likely to maintain its current upward momentum. However, the RSI approaching overbought territory suggests we should also consider the possibility of a short-term correction. The $63,818.33 level (24-hour high) could be a significant resistance point. If this level is broken, the uptrend might continue. On the other hand, in case of a pullback, $61,346.00 (24-hour low) could be watched as an important support level. Remember that crypto markets are highly volatile and difficult to predict. This analysis is based solely on current data, and unexpected news or market events can quickly change the situation. It's always important to do your own research and apply risk management. #Bitcoin

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