I think #KAS/USDT is reaching new high soon | Knowledge Seeker on Binance Square

Trending Articles

Bookmarked and Liked

Knowledge Seeker

--

Bullish

I think #KAS/USDT is reaching new high soon

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

42

0

Replies 0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

Knowledge Seeker

@John_

Explore More From Creator

BTC CME GAP Still open The infamous CME (Chicago Mercantile Exchange) gap! Current Status: - CME Gap: $11,700 - $12,100 (approx.) - BTC Price (4-hour TF): $62,839.80 - Gap Status: Open Historical Context: - CME gaps have a high fill rate (~85-90%) - Most gaps fill within 1-3 months - Recent examples: Feb 2021 ($45,500 gap filled), July 2021 ($35,500 gap filled) Technical Analysis (4-hour TF): - RSI (14): 53.27 (neutral) - MACD (12, 26): 202.12 (bullish) - Moving Averages: - 50-MA: $61,439.19 - 100-MA: $59,551.19 - 200-MA: $47,833.19 Bullish Factors: 1. CME gap as a potential support level 2. Rising trend line from July lows 3. Bullish MACD crossover Bearish Factors: 1. Overbought RSI levels (potential consolidation) 2. Resistance at $65,000 - $67,000 Probability of Gap Fill: Based on historical data and technical analysis, there's a moderate to high probability (~60-70%) that the CME gap will be filled in the coming days/weeks. Possible Scenarios: 1. *Gap Fill*: BTC price drops to $11,700 - $12,100, filling the gap. 2. *Consolidation*: Price consolidates between $60,000 - $65,000 before deciding on next move. 3. *Breakout*: Price surges above $65,000, potentially targeting $70,000 - $75,000.

--

--

Patience is the key in trading I am holding my position in negative from 7 months

--

BTC🚀 BTCUSDT: Technical Analysis Current Price: $62,839.80 USDT 1-day Chart: Indicators: - RSI (14): 64.91 (bullish) - MACD (12, 26): 515.19 (bullish) - Moving Averages: - 50-MA: $59,551.19 - 100-MA: $53,439.19 - 200-MA: $47,833.19 - Bollinger Bands: - Upper: $65,339.19 - Lower: $56,039.19 Candlestick Patterns: - Current candle: Bullish Engulfing - Previous candle: Hammer Trend Analysis: - Short-term trend: Bullish - Medium-term trend: Bullish - Long-term trend: Bullish Support and Resistance: - Support levels: - $61,000 - $60,000 - $59,000 - Resistance levels: - $65,000 - $66,000 - $67,000 Recommendations: - Buy: $61,000 - $61,500 - Sell: $65,000 - $65,500 Important Note: Not a investment advice. Next Resistance/Support Levels: - Resistance: $65,339.19 (Bollinger Band upper) - Support: $56,039.19 (Bollinger Band lower) Breakout/Breakdown Levels: - Breakout: $65,500 - Breakdown: $59,500 Additional Insights: - Bitcoin's RSI is in overbought territory, indicating potential consolidation. - MACD's bullish crossover suggests continued upward momentum. - Bollinger Bands indicate volatility expansion.

--

Future Trading Levrage and funding Fee. In trading with leverage, funding fees can significantly impact your profitability. A negative funding fee means you receive a payment, while a positive funding fee means you pay. *How Funding Fees Work:* 1. Funding fees are periodic payments exchanged between long and short positions. 2. Fee rate is calculated based on market conditions, leverage, and position size. 3. Funding interval typically ranges from 1-8 hours. *Impact of Increasing Leverage on Funding Fees:* Increasing leverage can amplify both profits and funding fees. *Scenario 1: Negative Funding Fee* - Initial Leverage: 2x - Funding Fee: -0.05% (you receive $5 per $10,000 position) - Position Size: $10,000 - Profit: $1,000 (10% move) - Increased Leverage: 5x - Funding Fee: -0.13% (you receive $13 per $10,000 position) - Position Size: $10,000 - Profit: $5,000 (10% move) In this scenario, increasing leverage from 2x to 5x: - Amplifies profit from $1,000 to $5,000 - Increases funding fee receipt from $5 to $13 *Scenario 2: Positive Funding Fee* - Initial Leverage: 2x - Funding Fee: 0.05% (you pay $5 per $10,000 position) - Position Size: $10,000 - Profit: $1,000 (10% move) - Increased Leverage: 5x - Funding Fee: 0.13% (you pay $13 per $10,000 position) - Position Size: $10,000 - Profit: $5,000 (10% move) In this scenario, increasing leverage from 2x to 5x: - Amplifies profit from $1,000 to $5,000 - Increases funding fee payment from $5 to $13 *Key Takeaways:* 1. Increasing leverage amplifies funding fees, whether positive or negative. 2. Negative funding fees can become more profitable with increased leverage. 3. Positive funding fees can significantly eat into profits with increased leverage. *To Maximize Profits:* 1. Monitor funding fees and adjust leverage accordingly. 2. Consider hedging strategies to minimize funding fees. 3. Maintain a risk management strategy to avoid excessive leverage.

--

Latest News

Cryptocurrency Market Sees $102 Million in Liquidations Over 24 Hours

--

Vast Space Unveils Plans For International Space Station Successor

--

US Inflation Data Influences Markets, Bitcoin Rebounds

--

Avalanche Foundation To Repurchase 1.97 Million AVAX Tokens

--

OpenAI Introduces Experimental Framework Swarm

--

Trending Articles

$NEIRO $NEIRO $NEIRO {s

The Alpha Analyst

Saudi Arabia’s Oil Supply Surge: An Opportunity or Crisis for Global Markets?🚨🚨

$DOGS $DOGS $DOGS {spot}(DOGSUSDT) 🚨 *

Ayera Queen Khattak

SEC Faces Backlash Over Legal Conduct in XRP and Debt Box Cases

CryptoFrontNews

Have you lost everything in crypto? Wait. Don't leave yet.

Cookie Preferences

ba-one-trust-cookie