10 Unbreakable Rules to Win in Cryptocurrency Trading
If you are serious about making cryptocurrency trading a second career for the next few years, these 10 unbreakable rules are your survival guide. Read them, save them, and make them your secret weapon in the volatile world of cryptocurrencies. 1. The Mathematics of Losses Doubling your 1 million to 2 million with a 100% gain feels great, but a 50% loss brings you back to 1 million. Wins are hard; losses are easy. Protect your capital. 2. Percentage Tricks that
With the arrival of the new World Chain network, many users are facing the challenge of withdrawing their Worldcoin tokens ( $WLD ). šŖ
Here's how to do it safely and effectively.
*Understanding the new network: Worldcoin has launched a new network, World Chain, and it is not yet fully integrated with centralized exchanges like Binance. This means that many users have reported issues when trying to withdraw their WLD via Optimism addresses.
*Contacting exchanges: When trying to withdraw WLD, some users have received responses from Binance support stating that funds sent from the WLD Chain network cannot be credited to their accounts. It is crucial to be aware of these details and follow updates from exchange platforms.
English:Note: Binance has communicated that there is no refund or crediting process available at this time, so it is vital to wait for their official announcement.
Alternative: Convert to dollars: Many users have chosen to convert their WLD to dollars directly within the Worldcoin app. They can then send these funds via the Optimism network to centralized exchanges where they can be settled.
ā£ļøMaster 15-Minute Candlestick Patterns and Earn $50 Daily!
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If youāre ready to make quick profits in the markets, you need to master 15-minute candlestick patterns! These patterns help you accurately predict short-term price movements ā filtering out market noise and guiding you to potential gains of $50 or more per session. Letās dive into the best patterns to watch for in this timeframe and how you can leverage them for consistent wins. ššŖ š„ Top 15-Minute Candlestick Patterns You Can't Miss š„
The best cryptocurrency exchange in Chile šØš±
In Chile, cryptocurrencies have gained great popularity, and if you are looking for the best platform to buy and sell them, Binance is undoubtedly the best option. Binance is the leading cryptocurrency exchange not only in Chile, but throughout Latin America, providing a secure, fast and easy-to-use platform for all users. Whether you're interested in buying Bitcoin, Ethereum, or other cryptocurrencies, Binance offers you the possibility to do so in your local currency and with the best rates on the market. In addition, Binance has various payment options, so you can buy with or without a credit card. This makes it the most accessible platform for anyone who wants to start investing in cryptocurrencies.
Do you want to be a millionaire with cryptocurrencies? Find out how the experts do it. š
*A Complete Guide to Mastering the World of Crypto Trading
Ready to embark on an exciting financial adventure? Cryptocurrency trading offers you the chance to be part of a financial revolution and potentially make significant profits. But before you dive headfirst into this volatile world, itās crucial to understand the basics and key strategies. What are Cryptocurrencies and Why Should You Pay Attention to Them? Imagine money as a digital, decentralized, secure exchange system. That's what a cryptocurrency is, in essence. Bitcoin, the most famous, is like a digital version of gold, but with exponential growth potential. Other cryptocurrencies, like Ethereum, have functionality beyond just being a currency, allowing for the creation of decentralized applications and smart contracts.
āļøThe hidden bull flag on the Bitcoin chart that could take us to $100,000!š
š The hidden bullish flag on the $BTC chart that could take us to $100,000! (You'll LOVE IT) š Bitcoin is flashing a bullish pattern that could lead to a massive breakout towards $100,000! Letās break down the key elements of the chart and why you might want to keep an eye on BTC right now. š Key elements in the chart:
1ļøā£ Buy, hold and sell zones Buy Zone (0-0.5): This accumulation zone indicates that BTC is undervalued. Historically, buying in this zone has generated strong returns.
Why invest in cryptocurrencies? Motivations and risks ššµ
Why invest in cryptocurrencies? Cryptocurrencies have captured the attention of millions of people around the world for a variety of reasons. Here are some of the most common motivations: * Decentralization: Unlike traditional currencies, cryptocurrencies are not controlled by any central government or financial institution. This appeals to those seeking a fairer and more transparent financial system. * High profit potential: Historically, some cryptocurrencies have seen significant increases in value in short periods of time. This has led many to view them as an opportunity for large financial gains.
GETTING STARTED IN CRYPTOCURRENCIES? š¤šāØļø
šIf you're just getting started in the world of cryptocurrencies, here are some crucial trading strategies to keep in mind:
šŖ 1. Focus on buying on dips rather than during steep rises, as sales should align with peak market conditions.
šŖ 2. Gradual, steady gains indicate sustainable growth, while rapid increases often signal an imminent exit opportunity.
šŖ 3. After a steep rise, wait for a pullback ā avoid overbuying when prices fall too steeply.
šŖ 4. When prices accelerate sharply, it's usually a sign that a top is approaching ā sell fast during sudden drops, but take your time when gains are slow.
šŖ 5. A steep decline without an increase in trading volume can be misleading, while slow declines with increasing volume suggest it's time to exit.
šŖ 6. If the price crosses key support levels, don't hesitate to take advantage of short-term price swings.
šŖ 7. Pay attention to daily and monthly trends and follow major players when establishing positions.
šŖ 8. If prices rise without an increase in volume, it's usually a tactic to attract buyers - don't fall for it.
šŖ 9. A new low on reduced volume can indicate that the market has bottomed, so consider entering when the bounce shows signs of strength.
*If you master these techniques, you'll be better prepared to navigate the volatility of the cryptocurrency markets. š $BTC $BNB $PEPE šø
The Federal Reserve (Fed) affects the crypto market.
ā On September 18, 2024, the Federal Reserve (Fed) announced a 50 basis point interest rate cut, placing them in a range of 4.75% to 5.00%. This is the first cut after several years of rate hikes aimed at controlling inflation. ā¢ For the cryptocurrency market, interest rate cuts are often positive. Historically, lower rates facilitate access to cheaper capital, which encourages investment in riskier assets, such as cryptocurrencies.
WITHDRAW YOUR DOLLARS QUICKLY AND EASILY FROM P2P ON BINANCE!
#P2P To withdraw dollars from the Binance P2P market, follow these steps:
1.-Log in to your Binance account and go to the "P2P" section in the menu of the application or website.
2.-Sell your cryptocurrencies on the P2P market: Post a sell order for the cryptocurrencies you want to convert to dollars, choosing a buyer who offers the best conditions. Complete the transaction following the buyer's instructions and making sure the funds are in your wallet.
3.-Confirm the sale on the P2P platform: Once the buyer confirms the payment, the money will be transferred to your Binance account.
4.- Go to the "Wallet" section and select "Fiat and Spot" to verify that the dollars are available in your fiat wallet.
5.- Withdraw the funds to your bank account: Go to "Withdraw" and choose "Fiat." Select the currency (dollars) and the withdrawal method, such as bank transfer. Enter your bank account details and the amount you want to withdraw.
6.- Confirm the transaction: Review the details and confirm the withdrawal request. Binance will process the transaction and the funds will be transferred to your bank account. Remember to check the transaction details and applicable fees to make sure everything is in order. $BTC $ETH #P2P #binancesuquare
ā BLOCKCHAIN: the backbone of cryptocurrencies. If yesterday we learned what cryptocurrencies are, today we will dive into the technology that underpins them: blockchain. Imagine blockchain as a huge digital ledger, but with a peculiarity: it is distributed across thousands of computers around the world and is practically impossible to alter. How does it work? * Blocks: Information in blockchain is stored in blocks. Each block contains a set of transactions.
$BTC rose to $69,000 in 2021 amid low interest rates; central banks cutting rates could spark another bull run. DrProfitCrypto predicts a 0.50% rate cut from the Federal Reserve, with Bitcoin primed for gains as liquidity continues to increase globally. Liquidity cycles suggest another peak by 2026, aligning with potential Bitcoin price gains thanks to increased capital availability. The ongoing shift in global monetary policies has rekindled interest in cryptocurrency markets. Now that central banks are cutting interest rates, market observers are turning their attention to how this will affect Bitcoin. In particular, a rate cut is anticipated as the Federal Reserve prepares for its next decision on September 18.
Wall Street Claims ššš¤š¤ $XRP Wall Street experts are making bold claims about the future of XRP, with predictions suggesting it could reach staggering new highs by 2025. Analysts expect $XRP to rise significantly, with some projecting that the CTF token, closely tied to the XRP ecosystem, could jump into the $250 to $400 range in the near term. Looking ahead, CTF may rise even higher, with estimates pointing to a potential peak above $6,500. Why CTF Tokens Are Gaining Interest: CTF tokens are gaining attention from investors, thanks to their limited availability and growing demand. As XRP adoption expands, CTF tokens are becoming more than just a reward mechanism ā they offer real utility and the potential for strong returns, attracting the interest of those seeking long-term value. Institutional support is paving the way ā XRPās growing integration with major financial institutions is a key factor driving its success. Partnerships with global banks are opening doors for both XRP and CTF tokens, setting the stage for substantial growth as these collaborations deepen and expand across the world. Big gains ahead ā As XRP and CTF tokens continue to gain institutional backing and the ecosystem evolves, the potential for impressive returns increases. With strong fundamentals and growing adoption, both tokens are positioned to benefit from growing interest and investment in the broader cryptocurrency landscape. Now is the time to take a close look at their growth. #TopCoinsSeptember #Xrpš„š„
BITCOIN: THE BEST DEFENSE AGAINST DEVALUATION. š° $BTC $ETH $BNB šø The value of the dollar loses value against inflation because inflation reduces the purchasing power of a currency. If there is inflation, the prices of goods and services increase, which means that more money is needed to buy the same things.
1. Inflation rate: The annual inflation rate directly affects the purchasing power of the Chilean peso. If inflation is high, the real value of the peso decreases more quickly.
2. Central Bank interest rate: The Central Bank of Chile has raised interest rates to control inflation. This may temporarily strengthen the peso, but it does not recover its lost value against past inflation.
3. Comparison with other currencies: The value of the Chilean peso in the international market also affects its loss of value relative to foreign currencies.
In the long term, if inflation is not properly controlled, the Chilean peso will continue to lose value, which can negatively impact consumers' savings and purchasing power.
Despite its high volatility, Bitcoin has proven to be one of the most profitable assets of the past decade, outperforming even more traditional investments such as gold or stock indices. According to data compiled by Oliveira, Bitcoin has generated an average annual return of 184.96% since 2014. Although it has had some tough years, with dramatic drops of -58.6% in 2014 and -72.56% in 2018, its ability to bounce back and deliver impressive returns makes it an attractive investment option for those looking to overcome the loss of value of their local currency.
āBitcoin is not just a currency, it is a wealth preservation strategy,ā Oliveira said. In a context of such severe monetary depreciation, having money parked in assets that do not generate interest or in salaries that do not grow at the rate of inflation means a progressive financial erosion. #TopCoinsSeptember
#bitcoin magnificent... a formidable performance, see that yesterday we were rejected in the $58K region and fell to retest $57K and the current 4H Candle makes it clear that that retest was just to confirm the uptrend.
As I always say: "When price breaks out of an area and retests itself, that's the real, strong price." We made a nice jump here from $57,200 and it was exactly what we needed, a close of this current candle above $58,000 already puts us towards the exit of this green band on the chart, and that's what I expect! Today's economic data didn't interfere with our uptrend, this shows that we are moving up with conviction. However, we'll still have more data to come in the next few hours, so I'll be keeping an eye out. There is not much to say here, BULLS want it higher and will take it higher, whoever is still SHORT, re-evaluate your positions. The next 2 hours will be crucial for the HIGHS and the BEARS, close above $58,000 and we will attack $60,000 before the weekend. The big PERP buyers continue to help the spot buyers with the price, and if we can hold this support for the next few hours, we will see several big sell orders get out of the way and clear the way for the bulls to attack the price.
The big SELLERS (the majority) are positioned at $65K, but there are some orders below $60K, and we will have spot sellers trading there as well, but with a strong candle breaking $58K, spot sellers will not come into play.
Learn to read the RSI indicator: The Great Lie Detector of the Market š
What is the RSI?
The RSI is a momentum-based oscillator that captures the speed and change of price movements. It operates on a scale of 0 to 100, and if you know how to read it, it's like getting an X-ray view of market moods. The best part? It's super easy to use: just drop it on any chart, on any time frame, and let it do its thing. The numbers Above 70: Overbought Alert! If the RSI shows a reading above 70, the trading instrument may have been partying too long. Anything above 70 means it is flashing āoverbought,ā like a sugar high about to crash. Traders who follow the RSI often interpret this as a signal to sell and exit the asset before the line changes course and dips back below the high water mark. Sometimes, however, the price continues to rise well above 70.
šŖ To become a successful trader, rather than a gambler, follow these key principles:
š 1. *Avoid excessive leverage* ā Don't open large positions (5x-10x) with all your money, as this is essentially a gamble.
š 2. *Be patient* ā Wait for the right moments to enter and exit trades, and don't rush into opening positions.
š 3. *Manage risk* ā Limit position sizes to 5% of your capital to minimize potential losses.
š 4. *Ladder investments* ā Gradually increase your capital if your position is reversed, to potentially get a more favorable position.
š 5. *Wait for market correction*: If your position is up, wait for the market to revert to the mean before closing your position and taking profit. Remember that trading requires patience, risk management, and strategic decision making to achieve success.