Trading Education #Binance #Trading #Spot #Future #Resista | Dara from Pakistan on Binance Square

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Dara from Pakistan

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Trading Education 
#Binance #Trading #Spot #Future #ResistanceNSupport 
When Resistance becomes Support then Buy.
When support becomes Resistance then Sell.
Disclaimer:
Educational purpose only

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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Making $100 Daily from Spot Trading: A Beginner's Guidelines

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Bitcoin Price Projections: A Comprehensive Analysis

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CHZ/USDT Technical Analysis Report *Summary:* CHZ is consolidating within a descending channel, showing indecision between buyers and sellers. Support trendline rebounds and Ichimoku Cloud resistance highlight the struggle for dominance. *Key Observations:* 1. *Descending Channel Consolidation:* CHZ price movement is confined within a descending channel (approx. $0.20-$0.35), indicating market indecision. 2. *Support Trendline Rebound:* The price has bounced off the support trendline, suggesting buyers are defending this level. 3. *Ichimoku Cloud Resistance:* The Ichimoku Cloud ($0.28-$0.32) poses significant resistance, capping upward movement. 4. *Bullish Breakout Potential:* A breakout above the Ichimoku Cloud and channel resistance ($0.35) would signal a potential bullish shift. 5. *Confirmation Required:* A confirmed breakout is crucial for sustained upward momentum; otherwise, consolidation or downward movement may persist. *Technical Indicators:* - RSI (14): 45.12 (neutral) - MACD (12, 26): -0.012 (bearish) - Moving Averages: CHZ below 50-day and 200-day SMA *Trading Strategy:* - Long-term investors: Hold and monitor for breakout confirmation. - Short-term traders: Wait for breakout above $0.35 or reversal signals. *Risk Management:* - Set stop-loss orders at $0.20 (support trendline) - Scale investments to manage risk *Potential Targets:* - Breakout target: $0.40-$0.50 - Consolidation range: $0.20-$0.35 *Additional Resources:* 1. TradingView 2. Coinalyze 3. CoinMetrics 4. CryptoSlate By analyzing CHZ's technical landscape, investors can navigate market indecision and capitalize on potential breakouts. *Recommendations:* 1. Monitor Ichimoku Cloud and channel resistance. 2. Wait for confirmed breakout or reversal signals. 3. Manage risk through stop-loss orders and scaling investments. Stay informed and adapt your strategy as market conditions evolve.

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*Bitcoin Bull Market Update: "Uptober" Underway?* Historical Context: - 2016: October 11 marked the start of the Bitcoin bull run - 2020: October 8 signaled the beginning of the upward trend Current Market Analysis: - This year, October 4, 2024, may be the catalyst for the next bull run - Bulls are dominating, while bears struggle to gain traction - Price movement remains resilient, disregarding negative delta - Continuous price increases despite negative delta indicate strong buying pressure *Market Sentiment:* - Bullish momentum building - Investors increasingly confident in Bitcoin's upward trajectory - Short positions vulnerable to liquidation above $64,000 *Key Levels:* - Immediate target: $63,200 - Breakout target: $64,000 - Potential liquidation zone: above $64,000 *Strategy:* - Added long positions in Bitcoin - Awaiting breakout above $64,000 to increase exposure - Expecting significant short position liquidation above $64,000 *Technical Analysis:* - RSI (14): 65.12, indicating overbought conditions - MACD (12, 26): 242.15, signaling bullish momentum - Moving Averages: Bitcoin trading above 50-day and 200-day SMAs *Fundamental Analysis:* - Increasing adoption and institutional investment - Improving regulatory clarity - Growing global economic uncertainty fueling safe-haven demand *Risk Management:* - Set stop-loss orders at $61,500 - Scale investments to manage risk - Monitor market sentiment and technical indicators for adjustments *Conclusion:* The stars are aligning for a strong "Uptober" in the Bitcoin market. With bulls in control and bears struggling, the stage is set for a significant upward move. I'm positioning for further gains, targeting $63,200 and beyond. *Recommendations:* 1. Buy Bitcoin on dips or scale investments 2. Set alerts for breakout above $64,000 3. Monitor market sentiment and technical indicators 4. Manage risk through stop-loss orders and scaling investments *Resources:* 1. TradingView 2. Coinalyze 3. CoinMetrics 4. CryptoSlate Stay informed, stay vigilant, and ride the "Uptober" wave!

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Bitcoin Technical Analysis Report I. Introduction This report provides an in-depth technical analysis of Bitcoin's current market trends, utilizing various indicators and timeframes to offer a comprehensive view. II. Current Price and Trends Bitcoin's current price is $63,606.96, with a 0.22% increase in the last hour and a 2.58% increase in the last 24 hours. The 7-day trend shows a -3.04% decrease, while the 30-day trend indicates a 17.90% increase. III. Moving Averages Simple Moving Average (SMA) and Exponential Moving Average (EMA) indicators: 1. SMA (10): 63,603.06 2. EMA (10): 63,588.35 3. SMA (20): 63,563.37 4. EMA (20): 63,580.27 5. SMA (50): 63,545.49 6. EMA (50): 63,556.12 IV. Oscillators 1. Relative Strength Index (RSI): 53.22, indicating a neutral trend 2. Stochastic Oscillator: 44.33, suggesting oversold conditions 3. MACD (12, 26): 135.12, indicating bullish momentum V. Technical Ratings TradingView's summary technical rating for Bitcoin: 1. Strong Buy today 2. Prevailing buy trend in the 1-week rating 3. Prevailing buy trend in the 1-month rating VI. Chart Patterns 1. Descending Triangle: Potential breakout above $65,000 2. Head and Shoulders: Possible reversal pattern if $60,000 support fails VII. Support and Resistance Levels 1. Support: $60,000, $58,000, $55,000 2. Resistance: $65,000, $67,000, $70,000 VIII. Conclusion Bitcoin's technical analysis suggests a bullish trend, with potential breakouts above $65,000. However, support levels must hold to maintain momentum. IX. Recommendations 1. Monitor key levels ($60,000, $65,000) 2. Set alerts for RSI and MACD changes 3. Consider buying on dips or scaling investments X. Resources 1. TradingView 2. Coinalyze 3. CoinMetrics 4. CryptoSlate By conducting thorough research and staying informed, investors can navigate Bitcoin's complex market and make informed decisions.

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