In this THREAD I will explain "Price Action"
1. How to identify a trend
2. How to draw a chart from 0
3. How to trade between ranges

Here’s a breakdown for your "Price Action" THREAD with explanations:

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1. How to Identify a Trend

Understanding trends is crucial for effective trading. Here's how to identify them:

Uptrend:

Higher highs and higher lows.

Price moves in a stair-step pattern upwards.

Look for bullish candles dominating the chart.

Use tools like trendlines and moving averages to confirm.

Downtrend:

Lower highs and lower lows.

Price moves downward in a stair-step pattern.

Bearish candles dominate.

Sideways (Range-Bound):

Price oscillates between a clear support and resistance zone.

Neither bulls nor bears have control.

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2. How to Draw a Chart from 0

Drawing your own charts helps you understand market structure better:

Step 1: Choose a time frame (e.g., 1H, 4H, Daily).

Step 2: Mark key levels of support (lowest points) and resistance (highest points).

Step 3: Identify supply and demand zones where price reacts strongly.

Step 4: Add trendlines to connect higher lows (uptrend) or lower highs (downtrend).

Step 5: Include indicators like RSI or volume if needed, but keep the chart clean to focus on raw price action.

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3. How to Trade Between Ranges

Range trading involves buying at support and selling at resistance:

Step 1: Identify the range by marking clear horizontal support and resistance zones.

Step 2: Wait for price to test the support level; look for bullish reversal patterns (e.g., hammer, double bottom).

Step 3: Enter a long trade at support with a stop-loss below the zone.

Step 4: Set a target at the resistance zone.

Step 5: Reverse the logic at resistance – short the market with a stop-loss above the zone and a target at support.

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BONUS TIP:

Always combine price action analysis with volume and candlestick patterns to confirm trades. Patience and discipline are key!

#PriceAction #TradingTips

These are five Crypto Coins that Elon Musk Holds.

Elon Musk, the CEO of Tesla and SpaceX, has publicly disclosed owning the following cryptocurrencies:

1. Bitcoin (BTC): In early 2021, Tesla announced a $1.5 billion investment in Bitcoin, signaling Musk's endorsement. Although Tesla later sold a portion of its holdings, Musk confirmed that he personally retains Bitcoin.

2. Ethereum (ETH): Musk revealed his ownership of Ethereum during "The ₿ Word" conference in 2021, acknowledging its significance in the crypto ecosystem.

3. Dogecoin (DOGE): Known for his affection toward Dogecoin, Musk has referred to it as "the people's crypto" and has promoted its use for payments at Tesla and SpaceX. His support has been instrumental in Dogecoin's popularity.

Beyond these three, there is speculation about Musk's involvement with other cryptocurrencies, but no confirmed reports indicate his ownership of additional digital assets.

🚨BREAKING NEWS: Elon Musk Reverts X Profile Name and Picture! 🚨

Elon Musk, the owner of X (formerly Twitter), recently changed his profile name to "Kekius Maximus" and updated his avatar to an image of Pepe the Frog dressed as a gladiator.

This alteration drew significant attention, leading to a surge in the value of a meme-inspired cryptocurrency named Kekius Maximus.

As of now, there is no official information indicating that Musk has reverted his profile name and picture to their previous state.

Musk's engagement with internet meme culture and his influential social media presence continue to generate widespread discussion and impact various online communities.

U.S. Stock Market Opens Lower As Crypto Market Rebounds.

The U.S. stock market began 2025 with modest losses, extending a downturn from the end of 2024. On January 2, the S&P 500 declined by 0.2%, marking its fifth consecutive loss, while the Dow Jones Industrial Average fell by 0.4% (152 points), and the Nasdaq Composite slipped 0.2%.

A significant factor in the market's decline was Tesla's performance. The company's stock dropped 6.1% after reporting lower-than-expected vehicle deliveries for the fourth quarter, indicating potential challenges in demand and economic conditions.

In contrast, the cryptocurrency market showed signs of recovery. Bitcoin's price rebounded above $97,000 after ending 2024 on a losing streak. This resurgence positively impacted crypto-related stocks; for instance, shares of MicroStrategy, a major Bitcoin holder, rose by 3.6%.

Analysts remain optimistic about Bitcoin's trajectory, with some predicting it could reach $225,000 by the end of 2025. Factors contributing to this outlook include historical price cycles, anticipated regulatory support under the Trump administration, and increasing institutional adoption.

Overall, while the U.S. stock market faced a subdued start to the new year, the cryptocurrency sector exhibited a notable rebound, suggesting a potential shift in investor sentiment.

Potential Global Impact Of U.S. Strategic Bitcoin Reserve

The idea of the U.S. creating a strategic Bitcoin reserve could have far-reaching global implications, affecting economic, geopolitical, and financial systems. Here's an overview of the potential impact:

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1. Economic and Financial Impact

Boost in Bitcoin Adoption:
U.S. adoption of Bitcoin as a strategic reserve could legitimize its role as a store of value, driving global adoption.

Price Surge:
A large-scale U.S. investment in Bitcoin would likely lead to a significant price increase, benefiting early adopters but creating volatility for new entrants.

Inflation Hedge:
Bitcoin might become a key tool for hedging against inflation, similar to gold, impacting global monetary policies.

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2. Geopolitical Shifts

Global Bitcoin Race:
Other nations may start accumulating Bitcoin to avoid being left behind, leading to a new form of digital "arms race."

De-dollarization:
Countries already exploring alternatives to the U.S. dollar, such as China and Russia, could see Bitcoin as a neutral reserve asset, weakening the dollar's global dominance.

U.S. Economic Power:
By holding Bitcoin, the U.S. could maintain its financial influence as fiat currencies face potential devaluation.

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3. Technological Advancements

Blockchain Development:
Increased U.S. involvement could spur innovations in blockchain technology, enhancing security and scalability for global financial systems.

Cybersecurity Concerns:
A strategic Bitcoin reserve could become a target for cyberattacks, prompting heightened security measures.

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4. Regulatory and Policy Changes

Global Regulations:
Countries may adopt standardized regulations for Bitcoin to integrate it into financial systems, reducing uncertainty.

Taxation and Capital Controls:
Governments might introduce new policies for taxing or controlling Bitcoin to manage its economic impact.

BREAKING NEWS: Elon Musk Reverts X Profile Name and Picture!

Elon Musk, the owner of X (formerly Twitter), recently changed his profile name to "Kekius Maximus" and updated his profile picture to an image of Pepe the Frog dressed as a gladiator.

The name "Kekius Maximus" appears to be a combination of "kek"—a term popularized by gamers and sometimes associated with the alt-right—and "Maximus," possibly referencing the character from the movie "Gladiator."

Musk's profile update coincided with a significant surge in the value of a meme-inspired cryptocurrency token called "Kekius Maximus," which saw its value increase by over 500% within 24 hours.

Additionally, Musk's actions have sparked discussions about his engagement with internet meme culture and its intersection with cryptocurrency markets.

As of now, there is no official information indicating that Musk has reverted his profile name and picture to their previous state.

IN 2024 I GAVE YOU:
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IN 2025 I GIVE YOU:
#MILLION
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Elon Musk adopts “Kekius Maximus” on X, making people wonder : Who is Kekius Maximus, is it Pepe ?

Elon Musk recently changed his display name on X (formerly Twitter) to "Kekius Maximus" and updated his profile picture to feature Pepe the Frog dressed in gladiator armor.

Understanding "Kekius Maximus":

"Kek": Originating from online gaming culture, "kek" is synonymous with "lol" (laugh out loud). It gained prominence in various internet communities and has been associated with certain online subcultures.

"Maximus": This likely references Maximus Decimus Meridius, the protagonist from the film "Gladiator," portrayed by Russell Crowe.

Combining these elements, "Kekius Maximus" appears to be a playful moniker blending internet meme culture with a nod to Roman gladiatorial imagery.

Pepe the Frog Connection:

Pepe the Frog is a meme character that has been widely used across the internet. Musk's use of Pepe in gladiator attire aligns with the "Kekius Maximus" theme, merging meme culture with classical references.

Cryptocurrency Impact:

Following Musk's profile update, a cryptocurrency token named "Kekius Maximus" experienced a significant surge in value, increasing by over 500% within hours.

This incident underscores Musk's influence on digital culture and cryptocurrency markets, where his actions often lead to notable market reactions.

U.S. Unemployment Claims Show Slight Decrease in Late December.

Recent data from the U.S. Department of Labor indicates a slight decrease in unemployment claims in late December 2024, suggesting a cooling yet stable labor market.

Initial Jobless Claims:

For the week ending December 21, seasonally adjusted initial claims for unemployment benefits fell by 1,000 to 219,000, marking the lowest level in a month. This figure aligns with the average over the past year, indicating that layoffs remain muted.

Continued Claims:

Despite the decline in initial claims, the number of individuals continuing to receive benefits after an initial week—known as continued claims—increased by 46,000 to 1.91 million during the week ending December 14. This is the highest level since November 2021, suggesting that some unemployed individuals are experiencing longer durations without work.

Labor Market Outlook:

The average duration of unemployment in November was 23.7 weeks, the longest since April 2022, indicating challenges for job seekers in finding new employment. However, the overall labor market remains healthy, with layoffs staying low. Analysts suggest that this data may influence the Federal Reserve to maintain its current stance on interest rates, balancing labor market conditions with inflation trends.

The upcoming December nonfarm payrolls report, scheduled for release on January 10, 2025, will provide further insights into employment trends and the health of the labor market.

Evaluating Altcoin Season Through On-Chain Data.

Evaluating an Altcoin Season (a market cycle where altcoins outperform Bitcoin) through on-chain data involves analyzing key metrics that indicate shifts in market sentiment, trading activity, and capital flows. Here's how you can assess it:

1. Bitcoin Dominance (BTC.D)

A declining Bitcoin dominance often signals the start of an altcoin season. This metric shows the percentage of the crypto market capitalization held by Bitcoin. A significant drop indicates investors are reallocating to altcoins.

2. Network Activity (Transactions and Addresses)

Active Addresses: An increase in active addresses on an altcoin’s blockchain suggests growing user interest and utility.

Transaction Volume: Rising transaction volumes indicate higher activity levels, potentially signaling increased adoption or speculative interest.

3. Exchange Flows

Inflow to Exchanges: Large amounts of altcoins moving to exchanges could signal incoming sell pressure.

Outflow from Exchanges: High outflows suggest accumulation and confidence in altcoins.

4. Market Cap and Trading Volume Ratios

Compare the total market cap and trading volume of altcoins to Bitcoin. If altcoin trading volumes are rising disproportionately, it could indicate a shift toward altcoins.

5. Stablecoin Metrics

Stablecoin Inflows: A surge in stablecoin deposits to exchanges often precedes buying sprees in altcoins.

Stablecoin Market Cap Growth: Increased market cap in stablecoins like USDT or USDC provides liquidity, which could fuel altcoin rallies.

6. On-Chain Whales Activity

Analyze whale transactions (large movements of altcoins). Accumulation by whales may indicate an upcoming altcoin season.

7. Correlation Analysis

Assess the price correlation between Bitcoin and altcoins. A decreasing correlation may signify that altcoins are moving independently, often a characteristic of altcoin season.

Large BTC Options Trade Highlights Market Dynamics

A large BTC options trade can reveal key market dynamics, such as institutional activity, market sentiment, and potential price trends. Here's how:

1. Market Sentiment:
A significant options trade often reflects traders' expectations about Bitcoin's price movement. For example:

Call options: Indicate bullish sentiment, expecting prices to rise.

Put options: Reflect bearish sentiment, expecting prices to fall.

2. Implied Volatility:
Large trades can increase implied volatility, influencing options pricing and signaling market uncertainty or potential big moves.

3. Hedging Activity:
Institutions might use options to hedge against spot market exposure, which could either stabilize or add pressure to the market.

4. Directional Bets:
If a trade is directional (e.g., buying a large number of calls), it may suggest expectations of significant upward momentum. Conversely, large put purchases could indicate anticipation of a price drop.

5. Max Pain:
Large trades influence the "max pain" point—the price at which the most options expire worthless. This could sway short-term market movements as expiry dates approach.

6. Volume and Open Interest:
High volumes or spikes in open interest on specific strikes provide insight into popular price targets or risk zones for traders.

Do you have specific details about this trade (e.g., strike price, expiry date, volume) or its implications? I can help analyze it further.

Brothers, first of all, I am still very pessimistic about this coin, because it has made me invest too much mental and material energy. It can be stabilized in a narrow range for the time being. What will be the next step? I still believe that it will fall.
Secondly, there is an activity that I hope everyone will participate in. The picture below is for those who understand.

Your sentiment reflects deep frustration and caution, likely stemming from prolonged engagement with a volatile coin or market. It's natural to feel this way after dedicating significant resources without seeing expected results. Your belief in further decline suggests skepticism about market recovery or the project's potential.

To better assist or offer advice, I’d need more context on the coin, its fundamentals, or even the "activity" you're hinting at. If you're seeking community involvement, it's helpful to clarify the goal or vision behind it. If the image holds critical information, feel free to describe it, and I’ll do my best to help.

Discover a global crypto community on Binance. Connect with millions, gain insights from experts, and learn from the best. Join the #1 trusted platform today.

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4. Secure Trading Platform: Known for its reliability and trustworthiness in the crypto world.

If you’re interested, I can help you explore specific features, resources, or ways to engage with their community. Would you like to dive deeper?

Goldman Sachs Adjusts Fed Rate Cut Forecast Amid Inflation Trends

Goldman Sachs has recently updated its projections regarding the Federal Reserve's monetary policy in light of current inflation trends. The investment bank now anticipates that the Fed will commence a series of 25 basis-point rate cuts starting in March 2025, followed by additional reductions in June and September.

This adjustment reflects a shift from earlier expectations, which had included a potential rate cut in January. Goldman Sachs now projects the terminal federal funds rate to settle between 3.5% and 3.75%, slightly higher than the previously estimated range of 3.25% to 3.5%.

The revision is influenced by several economic indicators:

Inflation: Core inflation is expected to ease to 2.4% by December 2025, driven by softer shelter costs and wage pressures, despite upward pressure from tariff adjustments.

Economic Growth: U.S. real GDP growth is projected at 2.6% year-over-year in 2025, with a gradual decline in the unemployment rate to 4.0% by year-end.

These forecasts suggest that while the economy is expected to grow solidly, the Federal Reserve may adopt a more measured approach to rate cuts, balancing the need to support economic growth with the goal of managing inflation.

Elon Musk changed his name on his social media platform X to ‘Kekius Maximus’ and replaced his profile picture with a variation of Pepe the Frog, a meme character, ahead of the New Year. The change has set off speculation about Musk’s possible involvement in the burgeoning cryptocurrency named after his new alias.

Elon Musk, the CEO of Tesla and owner of the social media platform X (formerly Twitter), recently changed his display name on X to "Kekius Maximus" and updated his profile picture to feature Pepe the Frog dressed in gladiator armor.

This alteration has led to significant speculation and activity within the cryptocurrency community. Notably, a meme-inspired cryptocurrency token named "Kekius Maximus" experienced a substantial surge in value, with reports indicating an increase of up to 900% following Musk's profile update.

However, as of now, there is no concrete evidence to suggest that Musk has any direct involvement with the "Kekius Maximus" cryptocurrency. His history of engaging with internet meme culture and its intersection with the crypto world often influences market dynamics, but without explicit confirmation, any assumptions about his involvement with this specific cryptocurrency remain speculative.

It's important to note that Pepe the Frog has been associated with various internet subcultures, including some far-right groups. Musk's use of this imagery has sparked discussions about the implications and interpretations of such symbols.

In summary, while Musk's recent changes on X have coincided with a surge in the value of the "Kekius Maximus" cryptocurrency, there is no verified information linking him directly to this token. As always, it's advisable to approach such market movements with caution and rely on verified information when making investment decisions.

For a visual report on this topic, you can watch the following video:

Binance Monthly Challenge: Complete January’s Challenge to Share 4,000,000 Binance Points & Unlock Exclusive Rewards!

Binance has launched its January Monthly Challenge, offering users the opportunity to share in a pool of 4,000,000 Binance Points and unlock exclusive rewards.

How to Participate:

1. Visit the Monthly Missions Page:

2. Complete Missions:

Click the "Do it" button next to each mission to activate it.

Complete the mission within the specified time frame to earn Activity attempts.

3. Use Activity Attempts:

After completing a mission, click "GO" on the landing page.

The cursor will rotate and land on a square, indicating your reward.

Earning Binance Points:

Binance Points are reward points that can be accumulated by completing tasks and participating in activities.

These points can be redeemed for various rewards in the Rewards Hub.

Important Details:

Each mission can be completed once every 72 hours, except for referral missions, which can be completed at any time.

The Binance Point Rewards Pool will be distributed based on the number of times a user has won the reward relative to the total number of wins by all eligible users.

Binance Points expire on the last day of the same month in the following year after distribution.

For more information and to start participating, visit the Monthly Missions page.

Korean Dongdaemun Market Merchants Deny USDT Payment Shift Reports

Merchants in Seoul's Dongdaemun Market have refuted claims of a widespread shift to accepting USDT (Tether) as a payment method. Earlier reports and discussions on cryptocurrency forums suggested that many traders in the market were adopting USDT for transactions. However, a journalist from the Korean media outlet Viewers stated that the notion of large-scale USDT adoption in the market is "far from the truth."

For a visual report on this topic, you can watch the following video:

USDT Bull Run Confirmed! 🔥💯
Entry Zone: $0.7700 - $0.7900
Target 1: $0.8100
Target 2: $0.8500
Stop Loss: $0.7400
Market Observation:

Your analysis hints at a strong bullish sentiment for USDT (Tether). However, USDT is a stablecoin pegged to the US dollar, so significant price fluctuations are unusual unless there are major market disruptions or peg instability.

Here are some market observations to consider:

1. Market Sentiment: A stablecoin deviating from $1 may indicate unusual demand or a shift in market confidence. Are there any external factors causing this?

2. Liquidity Levels: Significant price moves in stablecoins often result from liquidity issues or major market arbitrage activities.

3. Regulatory News: Stablecoin markets are heavily influenced by regulatory announcements. Keep an eye out for news from major economies.

4. Trading Activity: Look at USDT trading volumes across exchanges. Spikes could indicate unusual demand/supply pressures.

Would you like help refining your post or diving deeper into USDT market dynamics?

A huge #Bitcoin breakout is INEVITABLE!

Bitcoin's price movements are often cyclical, and many analysts believe a breakout is inevitable due to several converging factors:

1. Halving Cycle Impact: With the next Bitcoin halving expected in 2024, supply will decrease, historically leading to a price surge.

2. Institutional Interest: Increased adoption by institutions, including Bitcoin ETFs and major firms, signals growing mainstream acceptance.

3. Macro Trends: Economic uncertainty and inflation concerns make Bitcoin an attractive hedge for investors.

4. On-Chain Metrics: Metrics like reduced exchange reserves and increased wallet activity suggest accumulation, a potential precursor to a price breakout.

5. Global Adoption: Broader adoption of Bitcoin as legal tender and investment products adds to its long-term bullish outlook.

While a breakout might be inevitable, timing is uncertain, and market volatility remains a key consideration. Are you planning to act on this potential breakout?

Solana NFT Sales Surpass $100 Million in December

In December 2024, Solana-based non-fungible tokens (NFTs) achieved sales totaling $100 million, contributing to a significant year-end surge in the NFT market.

This performance positioned Solana third among blockchains for NFT sales in 2024, with an annual total of $1.4 billion.

Overall, the NFT market experienced a modest recovery in 2024, with total sales reaching $8.83 billion—a 1.1% increase over the $8.7 billion recorded in 2023.

Despite this uptick, the 2024 figures remain significantly lower than the peak years of 2021 and 2022, which saw sales of $15.7 billion and $23.7 billion, respectively.

The resurgence in December was largely driven by Ethereum-based collections, accounting for $482 million of the month's sales, while Bitcoin-based NFTs contributed $172 million.

Among the top-performing collections, Pudgy Penguins led with $115 million in sales for December.

This data underscores Solana's growing presence in the NFT ecosystem, reflecting increased adoption and interest in its platform for digital collectibles.