Rare's funding rate -2% every 4 hours, even if you give money, it won't go down!
Syn's funding rate -0.5% is still running like a dark horse!
Banana funding will turn around and crash to the ground when it reaches 0%!
Funding rate is closely related to the price difference between SPOT and Fututes, when you short too much, it will be negative!
** But the long/short ratio is still > 1 and not to mention Rare's funding rate -2% for several days!, so where does this price difference come from???
=> Well, let's just drag Binance out as a target of suspicion!
** Other exchanges like bybit, bitget, bingx also have funding rate of rare round -2% it is also new and virtual ...!
Those who like gambling can join, but coins are just for fun 💩
RARE trading volume on Binance skyrocketed, causing its value to increase by 120% in just one day!
But this coin is just a coin Up Bo in my opinion!
1. OKX did not list this coin 2. Dev holds 25-50% of the total coin, they dumped and caused this coin to split 100-200 times 3. Trading volume skyrocketed on binance!
OKX has consistently exceeded Binance in liquidation volume, indicating that traders have started trading futures on another exchange! (Many are probably worried that Binance is the culprit behind the recent "scum" price manipulation)
BTC has dropped 6% in an hour without any news, the drop started at 12:00 PM US (midday)
And there hasn't been any major BTC related transactions, except for the US government transferring 10,000 btc to coinbase yesterday!
What's going on???
**If you guys say it's the exchange, I'm still suspicious of Binance, because the latest report shows Binance's income has decreased! (so my personal feeling is that recently Binance has been listing trash coins, sweeping liquidity, and liquidating falsely...)
Today BTC will have a bigger fluctuation than yesterday, so I'll post the news for you guys to see!
Time of news announcement: 19:30 VN time (utc +7)
1. Core Retail Sales (Consumer goods sales index - excluding cars, gasoline ...): Predicted Decrease => Economic recession (matching the CPI increase announced yesterday)
1.1 Retail Sales (Similar to the CORE index above but not excluding any items): => Predicted Increase => the gap between rich and poor is bigger!
2. Initial unemployment claims in August: Predicted Increase => Once again confirming the economic recession!
**3. Philadelphia Fed Index (This index measures the economic activity of the manufacturing industry): Predicted Sharp Decrease => The economy is in sharp recession!
=> Based on the recent price action of BTC, BTC price follows the direction of USD price and not the opposite direction like before, so if the indicators are as predicted, BTC price today will have a strong crash! (Just guessing, but BTC's moves are infinite)
Liquidity on BINANCE exchange disappeared 80% abnormally :))
** Like you guys, I opened coinglass to see whales fighting each other to eat liquidity (BTC), but suddenly 80% of liquidity disappeared, including the liquidity area that was liquidated!
Checked other exchanges and it was still normal... Why? 🤔🤔🤔
According to everyone, who benefits from the liquidity sweep?
1. Whales: after the whale's collection process, the whale needs to make sure that after pumping the price, no one will have any more goods to dump (including long/short positions)
* The phenomenon of sweeping liquidity at one end and then the price reverses and increases sharply sounds appropriate
2. Exchange: Transaction fees are not the entire source of income for the exchange, there are also liquidation fees, insurance fund fees when prices slip, funding fees, ..., in general, the more orders people place, the more liquidated, the greater the profit.
* The phenomenon of sweeping stoploss regardless sounds more appropriate, even whales are swept, no joke (history has many liquidation orders of 20m, 30m, 40m ...)🤔
** Among the exchanges Binance, OKX, BingX... most of them do not have the feature of trading futures of the coins of the rival exchanges, so advertising another exchange here is a bit rude!
- Has many USDT futures bonus events (used to trade futures)
** Especially, the liquidity area is anonymous when you use leverage
- No deposit or withdrawal fees
- Has a chat group + 24/7 support on telegram
** In addition, there are many incentives for Vietnamese people (For example, registering an account through a referral link is 10USDT)
But we cannot fail to mention the disadvantages:
- Has fewer tokens than exchanges like Binance, OKX - Has many tokens with poor liquidity - Trading API is under maintenance - Not many trading BOTs - Does not support connecting to tradingView - No Web3 wallet
** Anyway, if it is For a trader, these disadvantages can be used on other exchanges or other applications. But if you want good transaction fees and only trade top tokens, MEXC is a good choice, especially for Vietnamese people!
Trader is a monk, while binance, okx, exness,... are big temples 😂
- Greed: Most people when they first enter the market, become a trader, they start with greed...! But after participating in the market for a long time, everyone realizes "Greed is the belt" => True traders are no longer greedy, greed is not good...
- Anger: If you want revenge on the market, sell your house 😶 => No more anger
- Ignorance: Never enter this market if you only hope for a little luck, but you have to learn a lot, a lot!
Sometimes knowing this order is wrong, that order is also wrong, using capital like this will burn the account quickly, this stoploss is easy to be swept away... knowing a lot but in the end still making mistakes... that is also stupidity!
- Money: Traders are extremely miserable, and the misery comes from money... I don't know if real traders still care about money =))
- Relationships: Most traders are lonely, don't have colleagues like other jobs, and can't share difficulties with anyone...
- Meditation: If you research, you will see many successful traders thanks to "meditation"...
- Love: You can't have feelings for "Bulls" or "Bears", you must always be neutral
Under the crypto community's mentality of hoarding goods + FOMO, the "person behind" the price pumping phases that push the price up phantom has been pouring it into everyone's heads without fail since yesterday 😂
What is SMA, EMA? Why do the prices of currency pairs always return to check this line???
- If you guys don't know what MA is, you shouldn't participate in this market, MA is considered the holy grail in all financial markets!
- MA means "moving average", SMA 14 means the moving average of the 14 most recent candles!
- In other words, you can consider SMA 14 as the average price of that asset within 14 candles
- This average price is considered the price at which buyers are willing to buy that asset => this is where the balance between the Buyer and the Seller
- When the price crosses the MA line, it shows that the BUYER has a greater demand to buy than the SELLER => this is a buy signal
- When the price is lower than the MA line, it shows that the demand to buy is weakening, at this time whoever owns the coin and sells first will make a lot of profit => a sell signal
- The EMA line is a weighted MA line, meaning that it uses the 2 most recent candles (default) to align the MA line to suit the market, EMA is trusted by most people!
- The common MA/EMA lines are 9, 12, 26,... equivalent to a week and a half, 2 weeks, 1 month (the forex market only has 6 days / week) => when switching to the 24/7 crypto market, these numbers may be different, but most people still use the same EMA lines as the forex side (EMA 50, EMA 100, EMA 200...)
- In addition to EMA, there are hundreds of other MA lines such as DEMA, TEMA, WMA, VWEMA, HMA, ...
** The Crypto market sometimes runs too virtual, maybe because people are too FOMO while few people really know what MA, EMA are :(
There are many people who use the news that Russian President - Putin accepts cryptocurrency (for a few days now) to lure people into fomo, but in reality, without thinking, you will see that BTC sweeps long/short on US time + releases US news!
Let's say it's related to Putin, everyone knows that the US and Russia are like fire and water, so what's the reason for pumping BTC???
=> when you see posts like this, you should block them all, it's a bit sad that they are as numerous as the Yuan army, just skimming through dozens of posts...!
** As for the BTC price steering today, it is true that it is only a long/short sweep, but the news is just for show (rationalizing the long/short sweep action) => many people say that it is because the exchange manipulates, it sounds reasonable => then you can divide your capital or switch to another exchange to play, avoid a monopoly exchange and then take your own money to defeat you :))
Since this morning, there has been a whale pumping up the virtual BTC price, every afternoon when there is a lack of liquidity, he pumps it up again when it breaks the bottom; now it seems like he is still pumping... 🤬🤬🤬
If it collapses, then coinglass will announce that a long position worth 100M USD was liquidated, then you will be satisfied, and you will stop telling on me :))
But also learn from experience, in the afternoon there is often a lack of liquidity, so you are often controlled by whales, you should not participate in the market at this time! 😡