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#MarketPullback this is the new and hot topic in the market today.
What is causing everyone to discuss or even doubt on the $BTC pullback?
What the beginners don’t understand is that this not a #pullback but just a slight correction so that new people could also join in and get a chance to jump on the bandwagon to book the profits in the next bull run.
I suggest if you look at the market in a perspective all the pros have just booked tier profits and now they are prioritising on the #ALTcoins and of course use it to upgrade their physical infrastructures. After all #crypto is not just a trade but also a #currency for the real world trade such as groceries and bills, etc.
So sit tight put your money in and enjoy the ride.
What is causing everyone to discuss or even doubt on the $BTC pullback?
What the beginners don’t understand is that this not a #pullback but just a slight correction so that new people could also join in and get a chance to jump on the bandwagon to book the profits in the next bull run.
I suggest if you look at the market in a perspective all the pros have just booked tier profits and now they are prioritising on the #ALTcoins and of course use it to upgrade their physical infrastructures. After all #crypto is not just a trade but also a #currency for the real world trade such as groceries and bills, etc.
So sit tight put your money in and enjoy the ride.
who knows when exactly the market will pump no one and the truth is no one 100% knows when exactly it will dump. Even the most expert analysts on different forums can never tell that at this time or day there will be a dump or a pump. I have followed a lot of expert analysts in the past year, but no one has ever predicted crypto, dumps or pumps with 100% accuracy. This is because there are so many factors which are involved in the market fluctuations. There are a very few things that we exactly know:
1. when there is pumps there will be dump ahead and where there is dumps there is also pump ahead. How long each dump or pump will stay, or how much it will be, no one knows. But when the time is near you get that feeling by looking at the charts, news,indicators, etc.
2. We know that what we have invested our money and we have to keep our risks at minimum that's surely in our hand, so we try to minimise risks and that's why we buy each dump. We don't invest all our money in one coin, rather divide the funds in different coins. Also do not invest everything all at once.
3. We know that we can get guidance and learn to read the charts, so that we are aware of the market situation.
4. We know that each one of us is here for profits and no one wants to lose their money, hence I always say; spot is safe, and NEVER sell when you are losing, just HOLD whatever you have and wait, your time will surely come. Your patience is needed as discipline.
5. We know that other than these things we cannot do anything else. Once we invest and do risk management, we should rely on our prayers, hope and luck, as this is no magic friends it's TRADE.
Everything will be fine God Willing 😊 Now smile everyone. When things are not in our hands we can at least smile because there is always one thing and that is HOPE 😊
Good Luck 😊🙏🏻.
#pullback
#holdorsell
1. when there is pumps there will be dump ahead and where there is dumps there is also pump ahead. How long each dump or pump will stay, or how much it will be, no one knows. But when the time is near you get that feeling by looking at the charts, news,indicators, etc.
2. We know that what we have invested our money and we have to keep our risks at minimum that's surely in our hand, so we try to minimise risks and that's why we buy each dump. We don't invest all our money in one coin, rather divide the funds in different coins. Also do not invest everything all at once.
3. We know that we can get guidance and learn to read the charts, so that we are aware of the market situation.
4. We know that each one of us is here for profits and no one wants to lose their money, hence I always say; spot is safe, and NEVER sell when you are losing, just HOLD whatever you have and wait, your time will surely come. Your patience is needed as discipline.
5. We know that other than these things we cannot do anything else. Once we invest and do risk management, we should rely on our prayers, hope and luck, as this is no magic friends it's TRADE.
Everything will be fine God Willing 😊 Now smile everyone. When things are not in our hands we can at least smile because there is always one thing and that is HOPE 😊
Good Luck 😊🙏🏻.
#pullback
#holdorsell
Trust the Process: Why High Leverage is a Risky Gamble in Cryptocurrency Trading 🌟
The cryptocurrency market is no stranger to extreme volatility. This week, many traders experienced the sting of liquidation as the market took a sharp pullback—a natural part of every market cycle. The pain of watching your Altcoins or Bitcoin surge past your original entry price is amplified when high leverage magnifies your losses. Let’s reflect on why avoiding high leverage and focusing on spot trading is the smarter choice, especially in volatile markets.
Lessons in Loss 💡
Every loss in trading offers a lesson. High leverage might seem like a shortcut to wealth, but the risks far outweigh the rewards. Pullbacks in a bull market are notoriously sharp and swift, often deep enough to wipe out high-leverage positions within minutes. These moments of extreme market movement are a reminder that there are no guarantees in trading, and the pursuit of quick riches can often lead to financial ruin.
Why Spot Trading is King 👑
Here’s why spot trading is a safer, stress-free alternative during high-volatility periods:
1. Reduced Risk: Without the pressure of margin calls or liquidation, you can trade with peace of mind.
2. Sustainable Growth: While the profits may seem slower, they are steady and reliable—perfect for long-term wealth building.
3. Emotional Control: Spot trading eliminates the fear of sudden liquidation, allowing you to stay calm and focused on your strategy.
The Psychology of Patience 🧠
High leverage is seductive. The promise of multiplying your gains is hard to resist, but it comes with a steep emotional cost. Pullbacks are inevitable in any market cycle, and attempting to fight them with high leverage is a losing battle. Trusting the process and focusing on disciplined trading strategies will lead to consistent growth over time.
Final Thoughts 🌱
As you navigate the cryptocurrency markets, remember that no one becomes successful overnight. Avoid the temptation of high leverage, embrace the slower yet safer path of spot trading, and let time and patience work in your favor. Pullbacks are not the enemy—they’re an opportunity to learn and grow as a trader.
Do not lose your money in the hope of getting rich quick. Trust the process.
$BTC #pullback
Lessons in Loss 💡
Every loss in trading offers a lesson. High leverage might seem like a shortcut to wealth, but the risks far outweigh the rewards. Pullbacks in a bull market are notoriously sharp and swift, often deep enough to wipe out high-leverage positions within minutes. These moments of extreme market movement are a reminder that there are no guarantees in trading, and the pursuit of quick riches can often lead to financial ruin.
Why Spot Trading is King 👑
Here’s why spot trading is a safer, stress-free alternative during high-volatility periods:
1. Reduced Risk: Without the pressure of margin calls or liquidation, you can trade with peace of mind.
2. Sustainable Growth: While the profits may seem slower, they are steady and reliable—perfect for long-term wealth building.
3. Emotional Control: Spot trading eliminates the fear of sudden liquidation, allowing you to stay calm and focused on your strategy.
The Psychology of Patience 🧠
High leverage is seductive. The promise of multiplying your gains is hard to resist, but it comes with a steep emotional cost. Pullbacks are inevitable in any market cycle, and attempting to fight them with high leverage is a losing battle. Trusting the process and focusing on disciplined trading strategies will lead to consistent growth over time.
Final Thoughts 🌱
As you navigate the cryptocurrency markets, remember that no one becomes successful overnight. Avoid the temptation of high leverage, embrace the slower yet safer path of spot trading, and let time and patience work in your favor. Pullbacks are not the enemy—they’re an opportunity to learn and grow as a trader.
Do not lose your money in the hope of getting rich quick. Trust the process.
$BTC #pullback
🚨TECHNICAL ANALYSIS OF $HOT 🚨
The price of $HOT has risen to 0.002173, marking a 8?48% gain and indicating a solid upward trend.
⭕Recent High and Market Sentiment
With a recent peak at 0.002175 and robust trading volume, $HOT is currently exhibiting bullish signals, which traders may want to monitor closely.
⭕Potential Breakout Levels
If the price breaks above 0.002220, it could trigger a new rally, with targets possibly extending toward 0.002261 and beyond.
⭕Key Support for Strategic Re-entry
In case the resistance holds, a #pullback to around 0.001964 might provide a strategic re-entry opportunity for buyers.
⭕Watch for Profitable Moves
This setup presents potential for profitable trades, whether in a breakout or retracement scenario. Keep an eye on the price movement for favorable entries.
The price of $HOT has risen to 0.002173, marking a 8?48% gain and indicating a solid upward trend.
⭕Recent High and Market Sentiment
With a recent peak at 0.002175 and robust trading volume, $HOT is currently exhibiting bullish signals, which traders may want to monitor closely.
⭕Potential Breakout Levels
If the price breaks above 0.002220, it could trigger a new rally, with targets possibly extending toward 0.002261 and beyond.
⭕Key Support for Strategic Re-entry
In case the resistance holds, a #pullback to around 0.001964 might provide a strategic re-entry opportunity for buyers.
⭕Watch for Profitable Moves
This setup presents potential for profitable trades, whether in a breakout or retracement scenario. Keep an eye on the price movement for favorable entries.
$ETH $BTC POSSIBLE CORRECTION
Following my post on the fact that DWF has been selling portdolio back to USDT, market seems to undergoing corection.
Do not $LONG here, wait for more confirmation. I do think pull back is happening !
#pullback #correction #FuturestradingSignals #careful #ETHETFS
Following my post on the fact that DWF has been selling portdolio back to USDT, market seems to undergoing corection.
Do not $LONG here, wait for more confirmation. I do think pull back is happening !
#pullback #correction #FuturestradingSignals #careful #ETHETFS
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Greetings guys. It's good to know you are ok in service time, this is frustrating plus I just lost $6,000 on the trader with quotex broker (recommendation). Give me some help, which is the best broker to do binary trading?
#DayTrading #loss #pullback #dica #BinanceTournament
#DayTrading #loss #pullback #dica #BinanceTournament
Daily CRYPTO NEWS recap📈🔥- 04.07.2024
•Bitcoin falls below $58K first time in 2 months
On July 4, the price of Bitcoin briefly dipped to $57,874 on Coinbase, marking the first time it has fallen below $58,000 in over two months. This decline occurred as millions of dollars worth of leveraged long positions were liquidated, affecting traders who were anticipating a price increase. The broader pullback in Bitcoin's price is largely attributed to the upcoming repayments from the defunct Japanese crypto exchange Mt. Gox, which is set to begin distributing approximately $8.5 billion worth of BTC to its creditors in early July.
•UK voters urge political parties to take a stand on Cryptocurrencies
As cryptocurrency dominates current U.S. political discussions, many UK residents feel it is missing from their country’s political discourse. Under Prime Minister Rishi Sunak, the UK government unveiled plans to develop a regulatory framework for digital assets and stablecoins. However, these plans were delayed when Sunak called a general election. That means no changes in near future...
•German government offloads 900 $BTC in current pullback
The German government recently sold a significant portion of the Bitcoin confiscated from an illegal streaming platform. They offloaded 900 BTC at a market price of $60,000 each. Analysts have criticized this move as financially irresponsible, with many speculating that it was intended to further depress Bitcoin's price. Coincidentally, on the same day, the U.S. government also sold nearly 4,000 BTC.
Stay tuned for more updates from MarMag! New posts coming soon :))
#NewsAboutCrypto #pullback #MtGoxJulyRepayments #UKGovernment
•Bitcoin falls below $58K first time in 2 months
On July 4, the price of Bitcoin briefly dipped to $57,874 on Coinbase, marking the first time it has fallen below $58,000 in over two months. This decline occurred as millions of dollars worth of leveraged long positions were liquidated, affecting traders who were anticipating a price increase. The broader pullback in Bitcoin's price is largely attributed to the upcoming repayments from the defunct Japanese crypto exchange Mt. Gox, which is set to begin distributing approximately $8.5 billion worth of BTC to its creditors in early July.
•UK voters urge political parties to take a stand on Cryptocurrencies
As cryptocurrency dominates current U.S. political discussions, many UK residents feel it is missing from their country’s political discourse. Under Prime Minister Rishi Sunak, the UK government unveiled plans to develop a regulatory framework for digital assets and stablecoins. However, these plans were delayed when Sunak called a general election. That means no changes in near future...
•German government offloads 900 $BTC in current pullback
The German government recently sold a significant portion of the Bitcoin confiscated from an illegal streaming platform. They offloaded 900 BTC at a market price of $60,000 each. Analysts have criticized this move as financially irresponsible, with many speculating that it was intended to further depress Bitcoin's price. Coincidentally, on the same day, the U.S. government also sold nearly 4,000 BTC.
Stay tuned for more updates from MarMag! New posts coming soon :))
#NewsAboutCrypto #pullback #MtGoxJulyRepayments #UKGovernment
Will #CHR Bulls Step Up or Are We Facing a Breakdown?
Yello, traders! Can the #CHRUSDT bulls gather enough momentum to break out of the descending channel? Let's look at the latest analysis of the #Chromia:
💎After a steady 5-6 month downtrend, $CHR is nearing a crucial decision point as it approaches a major demand zone at $0.1523. This level has historically triggered a bounce, but the question is—can the bulls seize this moment to spark a reversal and finally break out of the descending channel?
💎For #CHRUSDT to set the stage for a breakout, the bulls need to reclaim internal resistance at $0.242—a key level that once served as strong support but has now turned into a significant obstacle. A #breakouts here, particularly with rising trading volume and support from the 20 EMA, could signal a shift in momentum, paving the way for a rally to the next major resistance.
💎However, if the bulls fail to maintain upward pressure, we could see a #pullback to that critical demand zone at $0.1523, potentially retesting the recent breakout point. Failure to hold this level may lead to a slide toward the $0.124-$0.134 range.
💎The real danger, however, lies at $0.124. If this #support level does not hold, bears are likely to take back control, potentially initiating a deeper correction and deflating any hopes for a short-term bullish recovery.
Stay focused, patient, and disciplined, traders🥂
$CHR
💎After a steady 5-6 month downtrend, $CHR is nearing a crucial decision point as it approaches a major demand zone at $0.1523. This level has historically triggered a bounce, but the question is—can the bulls seize this moment to spark a reversal and finally break out of the descending channel?
💎For #CHRUSDT to set the stage for a breakout, the bulls need to reclaim internal resistance at $0.242—a key level that once served as strong support but has now turned into a significant obstacle. A #breakouts here, particularly with rising trading volume and support from the 20 EMA, could signal a shift in momentum, paving the way for a rally to the next major resistance.
💎However, if the bulls fail to maintain upward pressure, we could see a #pullback to that critical demand zone at $0.1523, potentially retesting the recent breakout point. Failure to hold this level may lead to a slide toward the $0.124-$0.134 range.
💎The real danger, however, lies at $0.124. If this #support level does not hold, bears are likely to take back control, potentially initiating a deeper correction and deflating any hopes for a short-term bullish recovery.
Stay focused, patient, and disciplined, traders🥂
$CHR