The Federal Funds Rate will come in the next few hours, also FOMC meetings. This is a high impact news, it will create volatility in the market, before the news and after. USD may go stronger or weaker which affects it's trading pairs.
The forecasted is 5.50% and the previous is 5.50% also. If the actual is higher or lower then the expected, expect volatility.
The best thing to do is not to trade on this time. What for the news and watch how will the price react. It will create manipulation in the market as always when there's a fundamentals. After the manipulation the real move will happen which is distribution.
If you want to risk; always practice risk management, don't forget stoploss! #crypto2023 #BTC
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Every financial news/events affects the market especially the cryptocurrency. It makes the market highly volatile and it creates a risky trading set-up. This is the narratives or fundamentals which is another thing to consider when trading.
Last week, US CPI data come out with previous 3.2% and forecasted 3.6% the actual data is 3.7% higher than expected which is bearish for the risk asset like Bitcoin. But the CPI data does not affect the price of Bitcoin, it only gives little volatility and nothing impulsive movements happen.
And according to CME Group's FedWatch Tool, they did not expecting the Federal Reserve to raise again interest rate later in the month, instead a pause is highly possible.
Amidst this bearish fundamentals $BTC is performing well in the past few days. So is it bullish? What do you think?
This content aims to share info to our readers. Always conduct your research and use discipline before investing or participating. At the end of the day you're the one who's responsible for your actions. #NFA #DYOR #crypto2023 #Binance #bitcoin
Develop by Michael Huddleston also known as Inner Circle Trader for forex trading but it can be also utilized in crypto trading. Low wick and high wick of 1st and 3rd candlestick must not overlap it's wick and create a gap in between. This happens when there's an imbalance in the price action that we can take trades increasing our winning chances. When there's a high impact news, that resulted to a impulsive move; surge in buying/selling activity. The gap has unfulfilled orders that the market marker will get that orders. The price will possibly go back to fill the gap.
Criteria: There must be a sign of rejection at FVG. The must close below 50% of the gap. If the candle did not close above 50% of the gap, there's a possibility that it will continue it's momentum and invalidated the FVG.
If you're having bad trades, learn to rest and give yourself a break.
If you lose consecutively, stop and rest. You must control yourself and emotions as this situations leads you to do overtrades. Where you want to recover your losses so badly but instead you'll end up losing more. You tend to revenge trade, so it's important to have discipline and control your emotions.
Don't be afraid that you'll left behind of the possible opportunities. There's endless opportunities in this market. Rest and recover your mental energy. Then evaluate your past trades and improve yourself more.
In the past few days Bitcoin goes crazy. With its impulsive movements, many people lose money.
When there's a bad news Bitcoin dump; SpaceX reportedly sold its Bitcoin. Then, there's a good news. Grayscale wins its lawsuit against SEC. Bitcoin rally again and pump. After that it dump again as SEC delayed all Bitcoin Spot ETF application, which is obvious to be bad news.
This where Fundamentals comes in. Not only Technical Analysis is important, it can help you to plan your trade and risk management. But the Fundamentals and Narrative is much more superior. Even if you have a perfect technical analysis if there's a huge news it will all be useless. It will create huge impact in the market that will invalidated your technicals.
It is important to always be updated with news and narrative. So you can minimize your risk and gain profits on opportunities. It is risky to take trades on lower timeframes. #crypto2023 #cryptocurrency #BTC
Here's what you should do to minimize your losses.
1. Do risk management, make a plan on the trade you want to hop in. 2. Set stop loss. This is important so you don't get huge losses. Having a loss is painful but having much greater loss will stress you. 3. Only trade amount you afford to lose. 4. Don't FOMO, many people buy at top; they saw the hype and get in without plan. They dive due to their emotions. 5. Do analysis. Buy at support and sell at resistance.
Grayscale wins lawsuit over SEC means we're closer to a Spot Bitcoin ETF!
It's highly possible that the Grayscale Bitcoin Spot ETF will get approved, once that happen other will follow to like a domino effect but not falling down. We're going up only for Bitcoin!!
Bitcoin Spot ETF is the narrative and possible to be catalyst for the next bull run!
If you're wondering when to invest. Today is the best time to invest. The best time to start is now!
NOW
When you want to do something, the crucial part is to begin, to start. You can't finish anything if you don't start! We humans tends to procrastinate (it's natural on us), so you need to battle yourself to act and to do something!
TIME
It is the most important when investing. "Invest early" as you heard from other people. Time is your friend when investing the earlier you're the more g
It is a decentralized digital currency that is based on cryptography. An electronic peer-to-peer cash system launched in January 2009 by an unknown individual or group with the pseudonym of Satoshi Nakamoto. Created to be solution to a centralized system controlled by the country’s central bank. Bitcoin decentralization enables peer-to-peer transfer around the globe anytime and anywhere. It works through Proof of Work consensus mechanism. Wherein, there's a miner who will work