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Cryptocurrency Day Trading: Features, Strategies, and Risks
Cryptocurrency day trading is the active trading of crypto assets with the aim of profiting from short-term price fluctuations within a single day. In the highly volatile cryptocurrency market, this approach attracts traders with its potential profitability. However, this trading style requires knowledge, experience and psychological preparation. In this article, I want to consider what day trading is, its advantages and disadvantages, popular strategies and necessary tools.
Melodi Nobile alZJ:
спасибо большое. снова себя увидел в этой стратегии😂
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What are supply and demand zones?
Supply and demand zones are areas on a price chart where price changes its movement due to the activity of buyers and sellers.
The demand zone is the area where the price stops after falling and starts to rise. There are many buyers here who are ready to buy the asset, which causes the growth.
The demand zone is the area where the price stops after falling and starts to rise. There are many buyers here who are ready to buy the asset, which causes the growth.
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No, it's not a bug. The funding fee for the short position on $BTC , like other cryptocurrencies, works like this:
1. When you have a short position, you are essentially "borrowing" BTC by selling them on the market. If the funding rate is positive, then you, as the short position holder, have to pay a fee for that position because you borrowed BTC from another trader who holds a long position.
2. When the funding rate is negative, the situation is the opposite: you get a fee because long positions "borrow" bitcoins from you, i.e. you get paid in this case.
So if the fee is always positive, it means that there is a lot of long (buying) activity in the market, and the funding rate is positive. In this case, you, as the short position holder, pay a fee.
This is normal practice on most cryptocurrency exchanges and is not a bug. It is worth considering that the funding rate may change depending on the market situation.
#BTC #currency #BinanceSquareTalks #Binance $BTC
1. When you have a short position, you are essentially "borrowing" BTC by selling them on the market. If the funding rate is positive, then you, as the short position holder, have to pay a fee for that position because you borrowed BTC from another trader who holds a long position.
2. When the funding rate is negative, the situation is the opposite: you get a fee because long positions "borrow" bitcoins from you, i.e. you get paid in this case.
So if the fee is always positive, it means that there is a lot of long (buying) activity in the market, and the funding rate is positive. In this case, you, as the short position holder, pay a fee.
This is normal practice on most cryptocurrency exchanges and is not a bug. It is worth considering that the funding rate may change depending on the market situation.
#BTC #currency #BinanceSquareTalks #Binance $BTC
Please explain, a short position is open on $BTC , the position can be in profit or in loss, but the financing fee always shows a profit, meaning it is never deducted, only returned. Is this a bug? Thank you.
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Crypto Trading Terminal: What is it, Why is it Needed and How to Choose
If you trade crypto or are just about to start, a terminal is something that will make your life much easier. It is a professional tool that helps analyze the market, manage transactions and reduce risks. Let's figure out how it works, what terminals there are and what to pay attention to when choosing.
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Clusters: How They Help Understand the Market 😮💨
When people talk about clusters, they are talking about a way of analyzing the market that focuses on orders and trade volumes. Clusters show where large volumes of trading are occurring on the chart, as well as how those orders are distributed.
Sounds complicated? Actually, it's not that complicated.
Sounds complicated? Actually, it's not that complicated.
Rosman17:
Воу ты че там не спишь не ешь? Хороший матерьял постоянно! Без всяких - хорошо написано!
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Footprint: what is it and how does it help in trading.
If you are already somewhat familiar with cryptocurrency and trading, then you have most likely heard of the term footprint. It is one of the tools that helps traders understand what is happening in the market in real time. But what exactly does it show, how does it work and why is it worth paying attention to?
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Based on the technical analysis of PEPE on the daily timeframe, indicators are pointing to a buy recommendation. According to Bitget, the moving averages are showing a “strong buy” signal, with 11 indicators indicating a buy, 2 indicating a sell, and 2 indicating a neutral. The oscillators are showing a “neutral” signal, with 2 indicators indicating a buy, 1 indicating a sell, and 7 indicating a neutral.
It is important to note that cryptocurrency markets are highly volatile, so it is always advisable to conduct personal research and consult multiple sources before making any investment decisions.
#pepe⚡
#currency
#PEPE市值超越LTC
#coincap
$PEPE
It is important to note that cryptocurrency markets are highly volatile, so it is always advisable to conduct personal research and consult multiple sources before making any investment decisions.
#pepe⚡
#currency
#PEPE市值超越LTC
#coincap
$PEPE
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FUD: How to Recognize Misinformation and Avoid Panic. Do Not Confuse with FOMO!
The cryptocurrency market is a place where prices can fluctuate significantly over a short period. In such a volatile environment, information often emerges that can be misleading or induce panic. This is what is referred to as FUD — fear, uncertainty, and doubt. FUD can seriously affect your perception of the situation and decision-making if you do not learn to recognize unreliable information.
BTCGG:
Muy buen aporte, amigo.😉😊😁
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Hidden Strategies of Whales: How to Read Volumes and Profit with Major Players
Trading cryptocurrency is like an ocean, where small fish and huge whales swim. Whales are large players who control huge volumes of assets and often influence market movements. By understanding how they act, you can use their strategies to your advantage. In this article, we will explore how to read volumes and follow large players to profit.
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What is the order book on cryptocurrency exchanges and how to read it
The order book is a tool used on cryptocurrency exchanges to display all buy and sell orders for cryptocurrency. It shows what prices buyers and sellers have set, and helps understand where the market is heading.
The order book is divided into two parts:
The order book is divided into two parts:
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OBV Indicator (On-Balance Volume): what it is and how to use it in trading
If you want to become a successful trader, it's important to understand not only price movements but also trading volumes. One of the most popular indicators for volume analysis is OBV (On-Balance Volume). Despite its complicated name, using it is quite simple. Let’s figure out what it is and how to apply it to find the best moments to enter and exit trades.
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Binance does not have a built-in Zigzag indicator in its standard charting tools, as their interface for chart analysis is more limited. To use Zigzag, you can open the TradingView platform (it is available directly in the Binance interface under the 'Trading' section) and find Zigzag through the indicator search. Just click on the 'Indicators' icon, type 'Zigzag', and add it to the chart. If you encounter difficulties, feel free to write — I'll provide more details!
$BTC
#BtcNewHolder #Binance #currency
$BTC
#BtcNewHolder #Binance #currency
And where is the Zigzag indicator on the panel? How to find it?
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How to use moving averages for cryptocurrency market analysis
In cryptocurrency trading, there are many tools and strategies for market analysis. One of the most popular and accessible methods is using moving averages. It is a quite simple but effective indicator that helps traders understand the direction in which the cryptocurrency price is moving and when is the best time to enter or exit a trade.
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What are scam tokens?
Today, many investors face the issue of investing in cryptocurrencies and tokens, including scam tokens, which cannot be sold in the future. In this article, we will explore what scam tokens are, how to identify them, and why they cannot be sold.
Three main signs of scam tokens:
Three main signs of scam tokens:
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PEPE is a meme coin. The coin has seen significant price fluctuations during 2024, with its value rising significantly in some periods, then undergoing price corrections.
Technical Analysis:
Current Levels: PEPE is currently trading at $0.000000001933, down 0.03253% from the previous close.
Support and Resistance Levels: Analysis indicates strong support at $0.00001434 and resistance at $0.00001978. A breakout of either of these levels could determine the future direction of the coin.
Technical Indicators: The Relative Strength Index (RSI) is showing a reading around 42, indicating potential downward pressure. Additionally, the MACD is showing negative signals, which could indicate a continuation of the downtrend in the short term.
Future Predictions:
Some forecasts suggest that the price of PEPE could rise to $0.000023 by January 5, 2025, which is a potential increase. However, it should be noted that the cryptocurrency market is highly volatile, and these forecasts are not guaranteed.
Conclusion:
PEPE exhibits significant price volatility, with potential gains, but also carries high risks. Investors are advised to conduct their own research and think carefully before making investment decisions, bearing in mind that the information provided is not investment advice.
#PEPE
#currency
#PepeCoin2024
$PEPE
Technical Analysis:
Current Levels: PEPE is currently trading at $0.000000001933, down 0.03253% from the previous close.
Support and Resistance Levels: Analysis indicates strong support at $0.00001434 and resistance at $0.00001978. A breakout of either of these levels could determine the future direction of the coin.
Technical Indicators: The Relative Strength Index (RSI) is showing a reading around 42, indicating potential downward pressure. Additionally, the MACD is showing negative signals, which could indicate a continuation of the downtrend in the short term.
Future Predictions:
Some forecasts suggest that the price of PEPE could rise to $0.000023 by January 5, 2025, which is a potential increase. However, it should be noted that the cryptocurrency market is highly volatile, and these forecasts are not guaranteed.
Conclusion:
PEPE exhibits significant price volatility, with potential gains, but also carries high risks. Investors are advised to conduct their own research and think carefully before making investment decisions, bearing in mind that the information provided is not investment advice.
#PEPE
#currency
#PepeCoin2024
$PEPE
#MarketPullback this is the new and hot topic in the market today.
What is causing everyone to discuss or even doubt on the $BTC pullback?
What the beginners don’t understand is that this not a #pullback but just a slight correction so that new people could also join in and get a chance to jump on the bandwagon to book the profits in the next bull run.
I suggest if you look at the market in a perspective all the pros have just booked tier profits and now they are prioritising on the #ALTcoins and of course use it to upgrade their physical infrastructures. After all #crypto is not just a trade but also a #currency for the real world trade such as groceries and bills, etc.
So sit tight put your money in and enjoy the ride.
What is causing everyone to discuss or even doubt on the $BTC pullback?
What the beginners don’t understand is that this not a #pullback but just a slight correction so that new people could also join in and get a chance to jump on the bandwagon to book the profits in the next bull run.
I suggest if you look at the market in a perspective all the pros have just booked tier profits and now they are prioritising on the #ALTcoins and of course use it to upgrade their physical infrastructures. After all #crypto is not just a trade but also a #currency for the real world trade such as groceries and bills, etc.
So sit tight put your money in and enjoy the ride.
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What I learned about crypto over the past year... summarizing 2024
I registered on the exchange a long time ago... there were attempts to start something, there were breaks... but my activity this year has been at its peak!!!!
In the past year, my journey in the crypto world has been full of discoveries, mistakes, and honestly, moments when I wanted to give up everything. But it was these moments that taught me the most important lesson.
In the past year, my journey in the crypto world has been full of discoveries, mistakes, and honestly, moments when I wanted to give up everything. But it was these moments that taught me the most important lesson.
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Cryptocurrency bots: what are they and how do they work? A bit from personal experience😳
If you ever hear that someone "launched a trading bot," you might think it's something complex and incomprehensible. But in reality, cryptocurrency bots are just programs that help people trade. I will explain in simple terms what they are and why they are needed.