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Bad news: #Bitcoin❗ has dropped below the midpoint of the weekly Bollinger Band, signaling the end of the Bitcoin bull market. Conditions for long positions are no longer favorable.
Over the next six months, we'll be closing our long positions during market rebounds and setting up significant short positions in anticipation of a bear market. We're targeting $25,000 for profit-taking on these shorts due to a key gap at that level.
If you face losses, don't worry. We can recover by shifting to a short-selling strategy. Trading is about finding opportunities in any market direction, so it's crucial to adapt quickly.
$BTC has only dropped 10% so far, but a further decline of over 70% is possible. By seizing this opportunity, we can still achieve substantial gains. Let's move forward with confidence and determination.
Proof-of-Stake vs. Proof-of-Work: Key Differences in Cryptocurrency Consensus Mechanisms In the world of cryptocurrency, two major consensus mechanisms, Proof-of-Work (PoW) and Proof-of-Stake (PoS), play crucial roles in verifying transactions and maintaining the integrity of the blockchain. Understanding their differences, along with their respective advantages and disadvantages, can provide clarity on their impact and potential future in the crypto ecosystem. Proof-of-Work (PoW) How It Works: Proof-of-Work requires miners to solve complex mathematical puzzles to validate transactions and create new blocks. This process, known as mining, involves significant computational power and energy consumption. Pros: 1. Security: High computational difficulty makes it hard for malicious actors to alter the blockchain. 2. Proven Reliability: PoW has been successfully used by major cryptocurrencies like Bitcoin and Ethereum (before its transition to PoS). Cons: 1. Energy Intensive: Mining requires vast amounts of electricity, raising environmental concerns. 2. Centralization Risk: High costs of mining equipment and electricity can lead to mining power becoming concentrated in the hands of a few entities. Proof-of-Stake (PoS) How It Works: In Proof-of-Stake, validators are chosen to create new blocks based on the number of coins they hold and are willing to "stake" as collateral. This process eliminates the need for intensive computation. Pros: 1. Energy Efficient: Significantly reduces energy consumption compared to PoW. 2. Incentives for Holding: Encourages participants to hold and stake coins, potentially reducing market volatility. Cons: 1. Potential for Centralization: Wealthier participants with more coins have greater influence, which could lead to centralization. 2. Less Battle-Tested: PoS is a newer technology and less proven in long-term security compared to PoW. Conclusion Both PoW and PoS have unique strengths and weaknesses. PoW's security and reliability come at the cost of high energy consumption, while PoS offers a more sustainable and economically inclusive alternative but is still in the process of proving its long-term robustness. As the crypto landscape evolves, the choice between PoW and PoS will continue to shape the future of blockchain technology. #Wriete2Earn
$BTC $ETH 🚨 BREAKING: Mt. Gox Announces July 2024 Bitcoin and Bitcoin Cash Repayments! 💸💸 In a move that could shake the crypto world, Mt. Gox has revealed plans to start repaying creditors in #BITCOIN and Bitcoin Cash from July 2024. 📆💰
This long-awaited decision comes after years of uncertainty and speculation surrounding the fate of the defunct exchange's assets.
The Rehabilitation Trustee has confirmed that the necessary preparations are now complete, ensuring a safe, reliable, and compliant repayment process.
✅🔒 Creditors can finally breathe a sigh of relief as they await the distribution of their long-lost funds. With over 142,000 $BTC and 143,000 #BCH up for grabs, this development could potentially inject a significant amount of liquidity into the market. 💰🚀 Will this influx of coins lead to increased volatility or a new bull run?
Guys, Follow Me For More Information, Must Read Altcoins Chart Position, Heat map of the location of the relative strength indicator (RSI) on the 4-hour charts of the TOP 150 cryptocurrencies
The most overheated - $ZK , $ENS , $LDO The most oversold - $CHZ , $STRK , $AEVO #AEVO。 #strkusdt
Will Become ASI (Artificial Super Intelligence ), that's great 💯 But one question has left me bothered.
What will happen to the Fetch tokens who have put it on locked staking?
Those who are either familiar or not with "Binance Earn", you can earn passive income by staking your tokens in either Flexible or Locked staking. Major Difference:
In flexible staking you can anytime redeem the number of tokens as per your preference and leave the rest or you can redeem the entire lot.
The APR in this case is much low as compared to locked staking and almost every coin listed in Binance can be staked in this scheme.
Whereas in case of locked staking your tokens will be locked for a certain time period as per choices available and premature redemption will lead to the deduction of heavy charges from Binance.
The APR in this case is much higher as compared to flexible and not every coin listed in Binance qualifies under this scheme.
So, I've put Fet tokens under locked Staking and earned decent returns till date. With all the buzz going around, the spot positions in these three coins will be automatically converted to ASI tokens.
I've gone through the conversation rate as well. Are the Fet tokens under locked staking will be anyhow affected?
Please anyone who can throw some light on this particular situation will really appreciate it.
Guys, Follow Me For More Information, #ALTCOINS RECOVERY !!!!!! After a huge and devastating dump a bit recovery is seen in the market , it is not definite that the market is going to bull all the way but it is a chance as the Altcoins showed the steady performance .
well, upcoming hours and days will clear the fence and try towards reversal ,
advised to watch market closely and never enter in the market in the odd timings without making research ,
Updates on Taker Fee Promotion for Spot and Margin Altcoin Trading Pairs This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, As Binance conducts regular reviews of its promotion offerings to provide users with the most value and competitive services, Binance will be updating the Taker Fee Promotion for the following Spot and Margin Altcoin Trading Pairs at 2024-07-01 00:00 (UTC). PEPE/USDT, STRK/USDT, ENA/USDT, SUI/USDT, WIF/USDT, NEAR/USDT, OP/USDT, BONK/USDT, LTC/USDT, FET/USDT, ORDI/USDT, BCH/USDT, W/USDT, ARB/USDT, LINK/USDT, TIA/USDT, ETC/USDT, APT/USDT, RNDR/USDT, WLD/USDT Standard taker fees will apply after the promotion ends at 2024-07-01 00:00 (UTC). Please refer to the spot and margin trading fee structure for more details. VIP Level Maker Fee Taker Fee Regular Standard maker fees as per user’s VIP level Standard taker fees as per user’s VIP level VIP 1 VIP 2 VIP 3 VIP 4 VIP 5 VIP 6 VIP 7 VIP 8 VIP 9 Thank you for your support! @Mk Crypto Currency Trader Follow For More Information, #Write2Earn
Guys, Follow Me For More Information And Perfect Predictions, Must Read Altcoins Buyers are In Big 📉 Loss , ## Market is Ejecting Investors Right now, 90% of people who invested in altcoins are facing big losses. Many of these investors have lost faith in future growth and expect more drops, especially in altcoins.
However, most analysts and traders predict a quick turnaround and a strong rally. Often, when most people expect one thing, the opposite happens.
I believe we will see further drops before a strong bounce back and the start of a big altcoin season. It's important to be ready because the turnaround can happen quickly.
Many wonder how much lower the market can go. The truth is, there's no definite bottom. Each new low can lead to another drop, potentially without end. The key is the market's cyclical nature. So, never invest all your money at once; you might get many chances to buy at lower prices before the expected growth happens.
NOTE 🚫🚫 ATTENTION PLEASE 🚫🚫 If you trade in the Futures, then read this. LEVERAGE IS THE NAME OF ONE BIG DISASTER IN THE MARKET I have mentioned it many times "Don't try futures, and don't use leverage if you're new to crypto. Even if you've spent 3-4 years in this sphere, please don't." But this is not what I'm going to talk about now. This time I'm going to explain the impact of leverage on the movements in the crypto market. So pay attention because this is important.
Firstly let's understand how leverage works. Suppose you opened a trade to buy with $500 with 10X leverage, it will act as if you had $5000 in your account. So, how does this work? The exchanges (here Binance) will simply lend you $4500 and in exchange for that, if the price drops by 10% (your $5000 will turn into $4500), then your position is automatically closed to prevent you from being indebted towards the exchange. You are what is called "liquidated".
When you get liquidated in a long position, at the moment of your liquidation, it instantly creates a market sell off: it means that your remaining $4500 is sold so that Binance can recover it's money.
Now let's take this phenomena and apply it on a much larger scale. Imagine that 100000 traders enter long with 10X leverage on ETH at 3 different levels : at $2.8K, $3K & $3.2K. Let's imagine the price drops to $2.7K, a -10% from $3K. Here the traders who entered will get liquidated & thus trigger massive sell orders in the market which will strongly push down the price of ETH and could further go down to $2.5K due to massive liquidations which will trigger the liquidations of those who entered at $2.8K and so on...This is known as cascading liquidations.
When too many people open positions with leverage, it creates a risk of very strong and rapid liquidations, which can create "FLASH CRASHES", that is, moments of a few minutes where ETH can go down 15-20%. This works the same in traditional finance, on the scale of banks/ hedge funds and so on. But I'm not here to lecture on that.
$FTT FTX is about to resume operations 🚨 A recent update shows that FTX has paid back almost all of its debt to customers. This means that the affected tokens could potentially re-peg and realize 50-150x gains! Here are 5 tokens that could turn $100 into $10,000 this summer 🧵👇 FTX claims it can eliminate its $11 billion debt, and asset sales could reach $16.3 billion. Under the new restructuring plan, almost all customers will recover their losses from FTX's November 2022 collapse! Since FTX collapsed, the FTT token has lost 98% of its value. The collapse created a domino effect that brought down other unsustainable projects as well. After FTX recovers, the token has a high chance of recovery.
1: FTT As the native token of the FTX platform, the value of FTT plummeted after the exchange collapsed. If FTX pays off its debts, the value of the token will soar.
2: $USTCTerra’s stablecoin USTC suffered during the FTX collapse.
If FTX begins to pay off its debt, it could restore market confidence and stability for USTC, potentially reversing its recent downturn. 3: $LUNA is critical to Terra’s ecosystem and is impacted by FTX. FTX’s listing of LUNA improves Terra’s liquidity and market access.
In addition, Alameda Research, which is associated with FTX, has invested in Terraform Labs!
4: $FIDABonfida’s token FIDA has struggled due to its relationship with FTX. Progress in resolving FTX’s debt could spark a rally in FIDA, providing investment opportunities!
5: $ALEPH, a cross-chain decentralized storage network, has felt the impact of FTX’s collapse. Progress in FTX’s debt repayment efforts could impact ALEPH’s path to recovery and rekindle interest!
BEFORE YOU START TRADING KEEP THESE THINGS IN MIND! Here are the RULES that u MUST follow to survive in the market long term. 1. Don't invest at the cost of ruining ur life. ur investment should always be an almost insignificant amount.If u lose it,it should hurt a bit but not ruin ur life.Don't go all in.Don't invest more than u can afford to lose. 2. Practice a lot BEFORE trading.Watch live charts,draw ur levels,then paper trade.After u're comfortable with this,trade spot for some time and ONLY THEN move to leverage/futures.Using leverage without spot experience is a crime. 3. U can't and will not survive in the long term without following the 2 tools of capital preservation. i. Stop Loss,ii. Risk Management. Both these tools are FAR more complicated than they sound.Read,understand and ONLY then trade. 4. Don't try making quick trades by fighting the trend.Use the weekly time frame and the 50-day moving average to find the trend and trade only in the direction of the market. 5. There are no good and bad assets.Don't get attached to a coin or a stock.Ur aim is to make profits,to buy low and sell high.Keep ur logics,attachments,and emotions away and TRADE THE CHART. 6. Don't pray for a trade to go right.Don't hope.Ur aim is to leave the market ASAP.Once the trade goes the opposite direction,don't give control to the market and keep hoping.EXIT.Start afresh.Cut ur losses.Keep them small. 7. Don't trade if u don't hv a planned entry,exit,and invalidation point.Listen to opinions of others will always get u rekt.U have to plan ur entry,position size,and invalidation points. 8. Trading is easy,u don't need complicated tools and 5 monitors.The catch is,u need a plan.Manage position size.Pre-determined entries.Exit on invalidation.Cut losses. 9. When learning,trade a lot.Trade with the trend,as many times as possible.Ur methods need real market testing.Trade more,let the market give you feedback,as much as possible.The only way to get better at free-throws is to keep practicing. 10.Trading is the most rewarding profession, ever.
Guys, Follow Me For More Information and Perfect Predictions, Must Read IO Analysis, Avoid investing on June 12 & 13 if you don't want to lose money 😵 Important Economic News: June 12: 1. US Core Consumer Price Index (CPI) by month 2. US Consumer Price Index (CPI) by month 3. US Consumer Price Index (CPI) by year June 13: 1. US Federal Funds Interest Rate 2. Economic Forecast of the Federal Open Market Committee (FOMC) 3. Federal Open Market Committee (FOMC) Statement 4. Press Conference of the Federal Open Market Committee (FOMC) Follow me to update important news! #Binance200M #altcoins $IO Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.
Guys, Follow Me For More Information And Perfect Predictions, Must Read People 🪙 Coin Analysis, I Suggest My All followers Its To Exit People Coin , Dont Try To Buy Now ,
Its Already Too Much High If Buy Your Assets Will Stuck For A Couple Of Months ,
Wait For More 2.3 Days Then Find A Good Token To Buy In Spot Wellet,
Guys, Follow Me For More Information And Perfect Predictions, Must Read BINANCE Delisting Coins, BINANCE Delisting Drama Is Not Over Yet ,
Notice of Removol Trading Pairs - 2024-06-07 To protect users and maintain a high quality trading market, Binance conducts periodic reviews of all listed spot trading pairs, and may delist selected spot trading pairs due to multiple factors, such as poor liquidity and trading volume.
Based on our most recent reviews, Binance will remove and cease trading on the following spot trading pairs: