Japanese candlesticks are a valuable tool for trading, the method is very visual of the price behavior of an asset in the volatile market, during a time span. This time span can be from one second, one minute, two minutes, three minutes, five minutes, one hour, one day (intraday), one week, one month, among other desired time periods. During the chosen time, the price of our asset will vary as it is dynamic, see the following chart. But what we do need to keep in mind is the moment to start our analysis called opening price, at the end of the chosen analysis time, it is called closing price, however, the price can vary significantly (a long wick) during that time span, creating what are called wicks or shadows, values below (above) the opening price or above (below) the closing price, depending on whether it is a bullish or bearish candle.
#BTC, PROPOSAL FOR STRATEGIC BITCOIN RESERVE IN THE UNITED STATES
S. 4912. “To establish a Strategic Bitcoin Reserve and other programs to ensure the transparent management of Bitcoin holdings of the Federal Government, to offset costs utilizing certain resources of the Federal Reserve System, and for other purposes”. https://www.congress.gov/bill/118th-congress/senate-bill/4912/text/is $BTC , Not only has Bitcoin broken its maximum multiple times in recent days, it can go even further if the proposal to make Bitcoin a strategic reserve succeeds, and it can board the ship that will reach a maximum of at least six figures.
#estrategias The most important thing before starting is to recognize that it is of utmost interest to acknowledge that we want to invest rather than speculate with digital currencies. If you want to be a profitable investor in the long term and enjoy this process instead of having your investments keep you awake at night, you must be meticulous and systematic in adhering to investment strategies, while also having adequate risk management. On the contrary, if you want to increase your chances of hitting it big with cryptocurrencies but at the same time maximize your chances of losing all your capital in a short period of time, then speculate; your odds are as low as winning the lottery with the purchase of a single ticket, but not impossible.
WHAT ARE SUPPORT, RESISTANCE, MOVING AVERAGES, AND VOLUME IN TECHNICAL ANALYSIS?
#analisistecnico A fundamental part of technical analysis is its tools to infer or predict the direction or trend of an asset's prices. Apart from the candlesticks that I wrote about in another article briefly and will return to later, today we will analyze four highly useful concepts: Support, Resistance, Moving Averages, and Volume $ETH . Supports and resistances are two of the fundamental tools of technical analysis, which allows us to develop various strategies based on these two concepts.
#BTC, ELECTION RESULTS AND NEW HISTORICAL MAXIMUM.
$BTC As expected, the elections yield positive results (advantage) that the new president will be #DonaldTrump , #Donald47thPresident, #bullrun2024📈📈 .
And in parallel, the results were quick to arrive, this news impacted electronic currencies, the result of breaking the maximum value of the $BTC , within minutes it reached a new value above $75 thousand dollars, the prediction is to continue increasing significantly.
Congratulations to all those who hold this coin, and to everyone who will achieve positive results in their Altcoints, it seems to be the turning point to initiate the Bull Run. Good night, let's be happy ♥️.
#CRYPTOS, WHAT ARE JAPANESE CANDLES, HOW TO INTERPRET THEM AND USE THEM FOR TRADING?
#analisistecnico #VelasJaponesas #graficos Technical Analysis has among its tools different ways to visualize and understand the price charts of digital currencies. The best known are linear graphs, bars and Japanese candles, the latter standing out for offering a greater amount of information. What are Japanese candlesticks? They are a graphical representation of the financial market price in the form of candles and represent the price behavior over a set period of time.
#BTTC, SLIP, NOT EVEN A MONTH PASSED AND THE EUPHORIA VANISHED, IT WILL RISE
$BTTC Tomorrow will mark one month since the BTCC currency broke the barrier and rose to a value of $0.00000105 dollars, people were happy, cheerful and optimistic that their time for this currency had come, but our pleasure did not last long, today it fell to the canvas, with a value of $0.00000084, a decrease in its value of $.00000021. A negative slope.
Yes, indeed the currency is the cheapest, a decrease of this amount is laughable, again “nothing”, but if we use a different approach, that is, how much did it decrease in relative terms, 0.00000021/0.00000105=0.2, “almost nothing” haha haha, like nothing, it had a significant decrease of 20%, or 1/5 of its value, let's hope it goes up again?
#CRYPTO, DO YOU KNOW WHERE TO FIND INFORMATION FOR YOUR FUNDAMENTAL ANALYSIS?
#BTTC Every day there are more electronic pages "websites" that can be consulted with information about each project, however, we have to sift to distinguish the good from the bad, from many sources of information, but the most outstanding or main ones are the following: White paper. This is our starting point for documenting the project of interest, as it contains the project's philosophy and how it works. In addition, in some projects they issue the yellow paper, where the most technical and scientific aspects of the project are presented.
#CRYPTOS, CAN YOU CONTROL YOUR EMOTIONS WHEN THE MARKET MOVES?
#Emotions #MercadoCripto #Volatilidad One of the main problems for cryptocurrency investors is controlling their emotions, given that the digital currency market is highly volatile and prevents them from making reasoned or sensible decisions. $BTTC To be successful as crypto investors, we must abide by the rule that we all know and it is extremely simple: buy low and sell high. How hard can it be? Despite being simple, untrained people and even those with moderate knowledge do the opposite, as they are overcome by passion, feelings, that is, emotions.
$BTTC Today it broke the value that it has struggled to surpass for a long time 0.00000096, derived from the growth of BTC it was able to achieve it, let's hope it continues its course or at least that it stays, so it will make many crypto investors happy.
The best thing would be an aggressive token burn to significantly reduce its amount and as a direct consequence a substantial increase in price, because the project is worth it, that's my idea.
Those responsible for #Tron because they have postponed that decision for a long time, there are many of us followers waiting for it.
Who seconds me, I hope for your valuable comments, so that you see that we are a large group of loyal followers, like a commensurate finite number, with your support to pressure the owners to make the burn as soon as possible 👍🏼.
$APE , In less than a day it has already doubled its price, its growth is more than 105%, but if we look at it a little further back, that is, a week, this increase is more than 115%.
If the price rose like the foam of a good champagne, and that makes me smell FOMO, an acronym for (Fear of Missing Out), which means "fear of missing out", in this case not being a winning part of its benefits.
This is the most irrational part of the human being, buying at the moment of the rise thinking that it will go to infinity, and in a short time becoming a millionaire, when the subconscious is fighting, it prevents you from doing it because it knows that it is the worst moment, but your interior betrays you out of ambition.