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 #Bitcoinâ $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 #BTCâ #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 #Bitcoinâ $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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Bearish
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! okđâ 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 youâll take profits.
### 6. **Choose a Trading Strategy** - **Trend Following:** Buy when prices are rising, sell when theyâre 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 beginnerâs 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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