I do not recommend, lost 60k even though the positions had 2x leverage
Vlad26
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Bullish
Futures on Binance: What Are They and Should Beginners Try Them?
What Are Futures?
Futures are a way of trading where you can earn not only from price increases but also from price decreases. For example, if you think Bitcoin will rise, you open a long position. If you are sure it will fall, you open a short position.
How Does Leverage Work?
Suppose you have $100, but you want to trade with $1,000. For this, Binance offers the option to take leverage (for example, x10). This increases potential profits, but the risk of losses also increases. If the price moves against you, you can quickly lose your entire deposit.
What Are the Downsides?
❌ High Risks – you can lose money due to sharp price movements. ❌ Leverage amplifies not only profits but also losses. ❌ Beginners often find it hard to understand how it works, and many lose money.
Conclusion
Futures are a tool for advanced traders, not a quick way to get rich. If you are just starting, it's better to first learn about regular (spot) trading and then think about futures.
The stock market has already come to terms with the idea of the Fed starting to cut rates in the second half of the year, and the dollar index is showing weakness, which has always been a good signal for risky assets.
But indicators of consumer prices and semiconductors are signaling a bubble in the S&P 500. This does not mean that we will go to the bottom tomorrow, because the bubble bursts only after the appearance of a catalyst event and can greatly increase in size before that. However, there is a problem and the slightest unforeseen negative event can greatly hurt stock buyers.
For you and me, this first of all means that BTC and altcoins are also under threat, just remember March 2020 😡
Record growth in the rate of Bitcoin and other cryptocurrencies is a bad sign for the dollar, Forbes
The publication reports a “death spiral” of the American currency due to the growth of the US national debt, which increases by one trillion every hundred days (it now stands at 34 trillion). This increases fears of a financial crisis in the US and forces investors to transfer assets into cryptocurrencies. If the US national debt increases at the same rate as now, the cryptocurrency rate will increase even more.
Crypto investment growth has increased sharply in the last two weeks, and if this continues, Bitcoin could “steal the golden crown” as the world's leading store of value.
Good news: the local correction scenario is no longer relevant. The current month, despite the uncertainty of January, has demonstrated the strength of the bullish trend. In this regard, I assume an extension of the third wave, which increases the probability of movement to 170000.00.
For altcoins, this is certainly a bullish factor, but the time frame for the “Big X” increases, meaning the wait will be longer. This is also evidenced by the horizontal dynamics of Bitcoin dominance.
#DYDXUSDT +24% amid the activation of DEX/CEX tokens due to the Uniswap Foundation’s proposal to introduce a mechanism for rewarding#uniholders 🤗
In addition, Arthur Hayes, in his new article - check, mentioned the outflow of volumes from CEX to DEX and wrote about dYdX, GMX, AEVO, also Pendle, Krav, Elixir, Flare, Ethena, Axelar.
By the way, I completely agree with these theses and am confident that DEXs will take the lion’s share of the audience over the long haul.
Снова пришли к полке 51000, основному диапазону поддержки, вчера закрепиться под ним на 1d не удалось.
Даже если будем продолжать топтаться в диапазоне 51000-53000 и все таки удержимся, то уровень позже все равно будет пробит, спасти может только закреп над 53000.
Альты, как вчера и говорил, крайне зависимы от #btc и даже не небольших движениях вниз чувствуют себя крайне плохо, но для нас это хорошо, т.к открывает отличные возможности для покупок, но делать это нужно частями.