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$BTC #bitcoinhalving
Here is a brief overview of the Bitcoin price history from 2010 to 2023 ¹ ² ³:
- *2010:* The price of Bitcoin started at less than $0.10, then rose to $0.30 by the end of the year.
- *2011:* Bitcoin started growing past $1, reaching a peak of $29.60 on June 8, 2011, then dropped to $5 by the end of the year.
- *2012:* Bitcoin increased by a few dollars.
- *2013:* Bitcoin began the year trading at $13, crossed $100 by April, then $200 by October, and closed out the year at $732.
- *2016:* Prices slowly climbed through 2016 to over $900 by the end of the year.
- *2017:* Bitcoin's price hovered around $1,000 until it broke $2,000 in mid-May and then skyrocketed to close at $19,188 on Dec. 16.
- *2020:* Bitcoin's price closed at $28,993 on Dec. 31.
- *2021:* Bitcoin reached an all-time high price of over $64,895 on April 14, 2021, then again reached an all-time high of $69,000 on November 10, 2021.
- *2022:* Bitcoin's price continued to gradually decline, with closing prices only reaching $47,459 by the end of March before falling further to $29,000 on May 11, then below $20,000 by the end of 2022.
- *2023:* Bitcoin opened 2023 at a price of $16,530, then rose consistently throughout 2023, ending the year at $42,258.
#BTC🔥🔥🔥🔥🔥🔥 #bitcoinhakving
- *2010:* The price of Bitcoin started at less than $0.10, then rose to $0.30 by the end of the year.
- *2011:* Bitcoin started growing past $1, reaching a peak of $29.60 on June 8, 2011, then dropped to $5 by the end of the year.
- *2012:* Bitcoin increased by a few dollars.
- *2013:* Bitcoin began the year trading at $13, crossed $100 by April, then $200 by October, and closed out the year at $732.
- *2016:* Prices slowly climbed through 2016 to over $900 by the end of the year.
- *2017:* Bitcoin's price hovered around $1,000 until it broke $2,000 in mid-May and then skyrocketed to close at $19,188 on Dec. 16.
- *2020:* Bitcoin's price closed at $28,993 on Dec. 31.
- *2021:* Bitcoin reached an all-time high price of over $64,895 on April 14, 2021, then again reached an all-time high of $69,000 on November 10, 2021.
- *2022:* Bitcoin's price continued to gradually decline, with closing prices only reaching $47,459 by the end of March before falling further to $29,000 on May 11, then below $20,000 by the end of 2022.
- *2023:* Bitcoin opened 2023 at a price of $16,530, then rose consistently throughout 2023, ending the year at $42,258.
#BTC🔥🔥🔥🔥🔥🔥 #bitcoinhakving
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Week 3 Red Packet Quiz from the Binance Academy Product Guides 👇
💬 What is the primary role of Binance Oracle in the blockchain ecosystem?
A) To function as a bridge between smart contracts and off-chain data sources.
B) To directly store and manage off-chain data.
C) To create new blockchains on the BNB Chain.
D) To act as a data source that generates new information for blockchains.
💬 What is the primary role of Binance Oracle in the blockchain ecosystem?
A) To function as a bridge between smart contracts and off-chain data sources.
B) To directly store and manage off-chain data.
C) To create new blockchains on the BNB Chain.
D) To act as a data source that generates new information for blockchains.
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MANTRA is excited to announce an exciting new giveaway for the Sherpa community 🎁
Head over to Binance Square Giveaway and follow the steps to participate!
Head over to Binance Square Giveaway and follow the steps to participate!
$NOT
The data you see on the cryptocurrency trading$ screenshot can be interpreted as follows:
Price: The current price of the cryptocurrency (NOT) is 0.016135 USDT, which means you can buy one NOT for 0.016135 Tether (USDT), a stablecoin pegged to the US dollar. The price is up 13.43%, indicating a rise in value compared to the previous price.
Money Flow Analysis: This analysis suggests that more traders are buying NOT than selling it over a short period, possibly within the last few hours. This could be a sign of increasing demand for NOT.
Large Order Inflow: This data point shows a negative value (-65.38M) for the large order inflow over the past 24 hours. Large orders typically refer to transactions involving significant amounts of cryptocurrency. A negative inflow suggests that more large sell orders than large buy orders have been placed in the past day, potentially indicating bearish sentiment from large investors.
Overall, the data suggests that there might be some short-term buying pressure on NOT, but the negative large order inflow indicates that large investors may not be confident about its long-term prospects.
Certainly. Taking into account the recent burn of 210 million NOT tokens by the Notcoin community, here's an updated analysis of the data:
Price Action: The short-term price increase of 13.43% could be amplified by the token burn. Burning tokens reduces circulating supply, which can potentially increase the price of remaining tokens.
Market Momentum: The buying pressure might be further fueled by the burn, potentially leading to a sustained price increase.
Order Book Analysis: The negative large order inflow remains a point of caution. Large investors might still be apprehensive about NOT's long-term prospects.Overall, the token burn is a bullish development that could outweigh the short-term bearish signal from the order book. However, cryptocurrency markets are volatile, and close monitoring is recommended.
#Notcoin👀🔥
#notcoinprediction
#NOT🔥🔥🔥
#CryptoTradingGuide
#BinanceTournament
$BTC
The data you see on the cryptocurrency trading$ screenshot can be interpreted as follows:
Price: The current price of the cryptocurrency (NOT) is 0.016135 USDT, which means you can buy one NOT for 0.016135 Tether (USDT), a stablecoin pegged to the US dollar. The price is up 13.43%, indicating a rise in value compared to the previous price.
Money Flow Analysis: This analysis suggests that more traders are buying NOT than selling it over a short period, possibly within the last few hours. This could be a sign of increasing demand for NOT.
Large Order Inflow: This data point shows a negative value (-65.38M) for the large order inflow over the past 24 hours. Large orders typically refer to transactions involving significant amounts of cryptocurrency. A negative inflow suggests that more large sell orders than large buy orders have been placed in the past day, potentially indicating bearish sentiment from large investors.
Overall, the data suggests that there might be some short-term buying pressure on NOT, but the negative large order inflow indicates that large investors may not be confident about its long-term prospects.
Certainly. Taking into account the recent burn of 210 million NOT tokens by the Notcoin community, here's an updated analysis of the data:
Price Action: The short-term price increase of 13.43% could be amplified by the token burn. Burning tokens reduces circulating supply, which can potentially increase the price of remaining tokens.
Market Momentum: The buying pressure might be further fueled by the burn, potentially leading to a sustained price increase.
Order Book Analysis: The negative large order inflow remains a point of caution. Large investors might still be apprehensive about NOT's long-term prospects.Overall, the token burn is a bullish development that could outweigh the short-term bearish signal from the order book. However, cryptocurrency markets are volatile, and close monitoring is recommended.
#Notcoin👀🔥
#notcoinprediction
#NOT🔥🔥🔥
#CryptoTradingGuide
#BinanceTournament
$BTC
The cryptocurrency market has undergone distinct phases characterized by dominant fundraising mechanisms and project types. Here's a refined breakdown:
Early 2017: Initial Coin Offerings (ICOs) were the go-to fundraising method, fueling a bull market for established platforms and proxy investments. Participation itself yielded profits.
2021: Decentralized Finance (DeFi) boomed, fostering market diversification. Investors thrived on rapid entry and exit strategies.
2024: The introduction of Bitcoin ETFs spurred a surge in established projects and well-funded studios. However, with diminished pricing power for trading platforms, investor focus shifted towards project fundamentals.
Present: The market exhibits increased professionalism, with various risk-hedging tools at investors' disposal. Past investment strategies may no longer be applicable.
#MicroStrategy
#CryptoTradingGuide
#BinanceTournament
#BTCFOMCWatch #CPIAlert
Early 2017: Initial Coin Offerings (ICOs) were the go-to fundraising method, fueling a bull market for established platforms and proxy investments. Participation itself yielded profits.
2021: Decentralized Finance (DeFi) boomed, fostering market diversification. Investors thrived on rapid entry and exit strategies.
2024: The introduction of Bitcoin ETFs spurred a surge in established projects and well-funded studios. However, with diminished pricing power for trading platforms, investor focus shifted towards project fundamentals.
Present: The market exhibits increased professionalism, with various risk-hedging tools at investors' disposal. Past investment strategies may no longer be applicable.
#MicroStrategy
#CryptoTradingGuide
#BinanceTournament
#BTCFOMCWatch #CPIAlert
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Yi He
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一些总结，非投资建议。
2017年是ICO时代，公开募资直接替代了VC和PE，所以17-18年的牛市属于OG站台，属于代投。只要抢到份额就能赚钱。
2021年defi崛起，实际市场开始多元化分流了，冲土狗套娃只要跑得快就能赚钱.
ieo那时候还可以跟项目方谈放一部分份额出来给用户，所以上线普遍订价偏低，买新不买旧也是这个时期的典型特征。
但现在ieo在大部分国家合规普遍认为有法律风险，所以只能空投，市场定价，意味着如果流通量大，开盘价格低项目相对表现平稳，比如BB，Lista，但相较于21年，还是拉涨太快，缺乏充足的洗盘过程。
2024年这波的上涨由BTC ETF启动，这波的聪明钱属于天王级项目和撸毛工作室，他们相亲相爱，一起制造了一波漂亮的数据，一边项目方可以从VC手里融到更多钱 (如果你观察市场头部VC，都是十亿美金以上的规模,这确实会推高好项目定价),而另外一边，手里又有钱又有用户的项目方底气十足，链上有百万用户，某个平台上不上无所谓，多的是cex要上，没有cex还有dex，再不济自己链上就有Dex。
交易平台并不掌握定价权，所以对于估值很高的项目，大家还是看看基本面，不要只看市值，最好再看看流通量。
到今天，确实市场又变了。撸毛工作室和L2项目的自相残杀演变成闹剧，撸毛时代可能要结束了。当前无论一二级市场都有了更多专业玩家，他们有各种工具实现风险对冲，但也扩大了市场规模，当前作为普通的投资者，用2017的ICO，2021的IEO、套娃，甚至2023的撸毛策略恐怕不适配今天的市场。
是不是缺乏VC投资，更少项目方，就会是一个更健康的市场呢？每一个周期都会有一些项目穿越牛熊，也有无数的天王级项目倒在路上，无论web2，还是web3，创业成功是极少数，而跨越鸿沟、穿越周期的项目更是凤毛麟角。
投资有风险，入市需谨慎。
2017年是ICO时代，公开募资直接替代了VC和PE，所以17-18年的牛市属于OG站台，属于代投。只要抢到份额就能赚钱。
2021年defi崛起，实际市场开始多元化分流了，冲土狗套娃只要跑得快就能赚钱.
ieo那时候还可以跟项目方谈放一部分份额出来给用户，所以上线普遍订价偏低，买新不买旧也是这个时期的典型特征。
但现在ieo在大部分国家合规普遍认为有法律风险，所以只能空投，市场定价，意味着如果流通量大，开盘价格低项目相对表现平稳，比如BB，Lista，但相较于21年，还是拉涨太快，缺乏充足的洗盘过程。
2024年这波的上涨由BTC ETF启动，这波的聪明钱属于天王级项目和撸毛工作室，他们相亲相爱，一起制造了一波漂亮的数据，一边项目方可以从VC手里融到更多钱 (如果你观察市场头部VC，都是十亿美金以上的规模,这确实会推高好项目定价),而另外一边，手里又有钱又有用户的项目方底气十足，链上有百万用户，某个平台上不上无所谓，多的是cex要上，没有cex还有dex，再不济自己链上就有Dex。
交易平台并不掌握定价权，所以对于估值很高的项目，大家还是看看基本面，不要只看市值，最好再看看流通量。
到今天，确实市场又变了。撸毛工作室和L2项目的自相残杀演变成闹剧，撸毛时代可能要结束了。当前无论一二级市场都有了更多专业玩家，他们有各种工具实现风险对冲，但也扩大了市场规模，当前作为普通的投资者，用2017的ICO，2021的IEO、套娃，甚至2023的撸毛策略恐怕不适配今天的市场。
是不是缺乏VC投资，更少项目方，就会是一个更健康的市场呢？每一个周期都会有一些项目穿越牛熊，也有无数的天王级项目倒在路上，无论web2，还是web3，创业成功是极少数，而跨越鸿沟、穿越周期的项目更是凤毛麟角。
投资有风险，入市需谨慎。
US Spot Bitcoin ETFs Witness Extended Outflows
US spot Bitcoin ETFs are experiencing a significant outflow of investments, marking a record-breaking seven consecutive days. This trend, totaling roughly $1.1 billion, comes alongside a recent dip in Bitcoin's price. Analysts point to the lack of immediate positive factors for Bitcoin as a possible reason behind the investor wariness. Some experts, however, remain optimistic about Bitcoin's future, anticipating a potential price surge due to various factors including inflation and institutional adoption.
#CPIAlert
#BTCFOMCWatch
$BTC
$BNB
#BinanceTournament
US spot Bitcoin ETFs are experiencing a significant outflow of investments, marking a record-breaking seven consecutive days. This trend, totaling roughly $1.1 billion, comes alongside a recent dip in Bitcoin's price. Analysts point to the lack of immediate positive factors for Bitcoin as a possible reason behind the investor wariness. Some experts, however, remain optimistic about Bitcoin's future, anticipating a potential price surge due to various factors including inflation and institutional adoption.
#CPIAlert
#BTCFOMCWatch
$BTC
$BNB
#BinanceTournament
US Spot Bitcoin ETFs Witness Extended Outflows
US spot Bitcoin ETFs are experiencing a significant outflow of investments, marking a record-breaking seven consecutive days. This trend, totaling roughly $1.1 billion, comes alongside a recent dip in Bitcoin's price. Analysts point to the lack of immediate positive factors for Bitcoin as a possible reason behind the investor wariness. Some experts, however, remain optimistic about Bitcoin's future, anticipating a potential price surge due to various factors including inflation and institutional
price increases above 0.017$
73%
price between 0.0151 - 0.0156$
13%
price decrease below 0.014$
14%
128 votes • Voting closed
Are We Witnessing a Bull Trap?
Despite the recent surge in Bitcoin's price, some analysts remain cautious. They warn that the market might be in a bull trap, where a temporary price increase lures investors into a false sense of security before another drop.
#cryptocurrency #bitcoin #bulltrap
#BTC #altcoins
$BTC
$BNB
$SOL
Despite the recent surge in Bitcoin's price, some analysts remain cautious. They warn that the market might be in a bull trap, where a temporary price increase lures investors into a false sense of security before another drop.
#cryptocurrency #bitcoin #bulltrap
#BTC #altcoins
$BTC
$BNB
$SOL
$BTC $NOT
#BTC
Crypto Market Shakeout: Bullish Rebound Expected The crypto market experienced a sudden drop recently, but analysts believe it's a temporary correction. The unexpected US employment data might have caused the dip, but many experts predict a bullish rebound soon. Key support levels are being closely monitored for signs of continuation.
#cryptocrash #bitcoin #marketrecovery
#Notcoin👀🔥
$BNB
#BTC
Crypto Market Shakeout: Bullish Rebound Expected The crypto market experienced a sudden drop recently, but analysts believe it's a temporary correction. The unexpected US employment data might have caused the dip, but many experts predict a bullish rebound soon. Key support levels are being closely monitored for signs of continuation.
#cryptocrash #bitcoin #marketrecovery
#Notcoin👀🔥
$BNB
#BTC
Is This the End of the Crypto Bull Run? With the recent market dip, some investors are wondering if the bull run is over. However, analysts remain divided. While some believe a correction was necessary, others see it as a buying opportunity. The overall trend for Bitcoin is still positive, with a gain of over 11% in the past month.
#cryptocurrency #bitcoin #bullrun
$BTC $ETH
$BNB
Is This the End of the Crypto Bull Run? With the recent market dip, some investors are wondering if the bull run is over. However, analysts remain divided. While some believe a correction was necessary, others see it as a buying opportunity. The overall trend for Bitcoin is still positive, with a gain of over 11% in the past month.
#cryptocurrency #bitcoin #bullrun
$BTC $ETH
$BNB
Notcoin Price Drops After Reaching All-Time High: Will the Token Burn Revive It?
Notcoin Market Analysis
Notcoin (NOT) has experienced a significant price decline over the past week, dropping around 17.87% from its all-time high of $0.02896 on June 2nd to $0.0191 today (June 10th). This price movement suggests a potential downtrend in the short term. However, due to the limited data available and the volatile nature of the cryptocurrency market, it's challenging to predict future trends with certainty.
An upcoming token burn event on June 16th could potentially influence Not
Notcoin (NOT) has experienced a significant price decline over the past week, dropping around 17.87% from its all-time high of $0.02896 on June 2nd to $0.0191 today (June 10th). This price movement suggests a potential downtrend in the short term. However, due to the limited data available and the volatile nature of the cryptocurrency market, it's challenging to predict future trends with certainty.
An upcoming token burn event on June 16th could potentially influence Not
$BTC
$NOT
#Notcoin👀🔥
here's an analysis of the Notcoin market:
* Money Flow: The data shows money flow over various timeframes (15m, 30m, etc.). Positive values indicate buying pressure, while negative values indicate selling pressure. The data suggests that there has been more buying pressure than selling pressure over the past hour, day, and week.
* Large Orders: The inflow of large orders (over 37.96 million NOT) is higher than the outflow (over 30.14 million NOT) in the past 24 hours. This could be a sign of accumulation by whales (large investors) or buying pressure from institutional investors.
* 5 Day Large Inflow: However, the large order inflow over the past 5 days is negative (-2,618.11 million NOT), indicating that there has been more selling than buying of large orders over that period.Overall. There are signs of both buying and selling pressure in the Notcoin market.
a breakdown of Notcoin's (NOT) market activity for the last 7 days:
* NOT experienced a significant price decline: Over the past week, NOT's price dropped by around 17.87%, going from its all-time high of $0.02896 on June 2nd to $0.0191 today (June 10th).
* Potential downtrend: This price decrease suggests a potential downtrend for NOT in the short term. However, due to the limited data available and the volatile nature of the cryptocurrency market, it's challenging to predict future trends with certainty.
Important to Consider:
* Cryptocurrency markets are highly volatile and can change rapidly.
* This information should not be considered financial advice.
#TopCoinsJune2024
#altcoins
#Notcoin👀🔥
#MemeWatch2024
$NOT
#Notcoin👀🔥
here's an analysis of the Notcoin market:
* Money Flow: The data shows money flow over various timeframes (15m, 30m, etc.). Positive values indicate buying pressure, while negative values indicate selling pressure. The data suggests that there has been more buying pressure than selling pressure over the past hour, day, and week.
* Large Orders: The inflow of large orders (over 37.96 million NOT) is higher than the outflow (over 30.14 million NOT) in the past 24 hours. This could be a sign of accumulation by whales (large investors) or buying pressure from institutional investors.
* 5 Day Large Inflow: However, the large order inflow over the past 5 days is negative (-2,618.11 million NOT), indicating that there has been more selling than buying of large orders over that period.Overall. There are signs of both buying and selling pressure in the Notcoin market.
a breakdown of Notcoin's (NOT) market activity for the last 7 days:
* NOT experienced a significant price decline: Over the past week, NOT's price dropped by around 17.87%, going from its all-time high of $0.02896 on June 2nd to $0.0191 today (June 10th).
* Potential downtrend: This price decrease suggests a potential downtrend for NOT in the short term. However, due to the limited data available and the volatile nature of the cryptocurrency market, it's challenging to predict future trends with certainty.
Important to Consider:
* Cryptocurrency markets are highly volatile and can change rapidly.
* This information should not be considered financial advice.
#TopCoinsJune2024
#altcoins
#Notcoin👀🔥
#MemeWatch2024
$ENA
##ENAUSDT🚨
#StartInvestingInCrypto
#altcoins
#bitcoinhalving
Here we are again , You all remember the false and misleading predictions from too many writers that $ENA is going to fall .
Now the market chart shows the real price chart for $ENA .
for sure it might fall but it will raise higher.
##ENAUSDT🚨
#StartInvestingInCrypto
#altcoins
#bitcoinhalving
Here we are again , You all remember the false and misleading predictions from too many writers that $ENA is going to fall .
Now the market chart shows the real price chart for $ENA .
for sure it might fall but it will raise higher.
Totally agree
83%
Disagree
17%
128 votes • Voting closed
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Crypto Insiders
--
Understanding candles - How To Grow Your Trading Accuracy - Practical Tutorial
Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Hence, intraday traders try to either purchase a cryptocurrency at a low price and sell it higher or short-sell a cryptocurrency at a high price and buy it lower within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply among other factors.
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.
What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:
As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow
Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:
How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.
Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.
Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.
Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.
Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.
Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.
Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.
Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.
Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.
Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.
Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.
Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.
Happy trades and successful investments!
#Write2Earn #Bitcoin #Binance
$BTC
$ETH
$SOL
$BNB
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.
What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:
As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow
Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:
How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.
Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.
Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.
Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.
Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.
Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.
Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.
Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.
Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.
Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.
Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.
Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.
Happy trades and successful investments!
#Write2Earn #Bitcoin #Binance
$BTC
$ETH
$SOL
$BNB
$NOT
Notcoin's Rise in Market Value and Capitalization
Notcoin has experienced a noteworthy upswing in both price and market capitalization in recent days. As of June 1, 2024, its price hovered around $0.016, reflecting a remarkable increase of over 30% within the last 24 hours. This price surge has been accompanied by a corresponding rise in market capitalization, currently sitting at approximately $1.6 billion, positioning Notcoin among the top 70 cryptocurrencies. Additionally, trading activity has witnessed a significant surge, with a 24-hour volume exceeding $1.4 billion, indicating a substantial increase in investor interest.
Important Considerations
While Notcoin's recent performance suggests a positive trend, it's crucial to acknowledge the inherent volatility of the cryptocurrency market. Prices can fluctuate rapidly, and past performance is not necessarily indicative of future results. A comprehensive evaluation, incorporating an understanding of Notcoin's underlying fundamentals, potential use cases within the crypto ecosystem, and the broader market landscape, is essential before making any investment decisions.
here's an analysis of the Notcoin market targeting a price of $0.02
Price Increase Required: To reach $0.02, Notcoin needs a price increase of approximately 25.00%. This translates to a rise of $0.0040 from its current price of $0.016 (as of June 1, 2024).
Market Cap Impact: If Notcoin reaches $0.02, its market capitalization would climb to roughly $2 billion, assuming the total number of coins in circulation remains constant. This would potentially place Notcoin among the top 50 cryptocurrencies.
Important Considerations:
The cryptocurrency market is highly volatile, and Notcoin's price could fluctuate significantly.
Reaching $0.02 depends on various factors, including investor sentiment, trading activity, and overall market trends.
Conduct thorough research before making any investment decisions.
#Notcoin👀🔥
#NOTCOİN
Notcoin's Rise in Market Value and Capitalization
Notcoin has experienced a noteworthy upswing in both price and market capitalization in recent days. As of June 1, 2024, its price hovered around $0.016, reflecting a remarkable increase of over 30% within the last 24 hours. This price surge has been accompanied by a corresponding rise in market capitalization, currently sitting at approximately $1.6 billion, positioning Notcoin among the top 70 cryptocurrencies. Additionally, trading activity has witnessed a significant surge, with a 24-hour volume exceeding $1.4 billion, indicating a substantial increase in investor interest.
Important Considerations
While Notcoin's recent performance suggests a positive trend, it's crucial to acknowledge the inherent volatility of the cryptocurrency market. Prices can fluctuate rapidly, and past performance is not necessarily indicative of future results. A comprehensive evaluation, incorporating an understanding of Notcoin's underlying fundamentals, potential use cases within the crypto ecosystem, and the broader market landscape, is essential before making any investment decisions.
here's an analysis of the Notcoin market targeting a price of $0.02
Price Increase Required: To reach $0.02, Notcoin needs a price increase of approximately 25.00%. This translates to a rise of $0.0040 from its current price of $0.016 (as of June 1, 2024).
Market Cap Impact: If Notcoin reaches $0.02, its market capitalization would climb to roughly $2 billion, assuming the total number of coins in circulation remains constant. This would potentially place Notcoin among the top 50 cryptocurrencies.
Important Considerations:
The cryptocurrency market is highly volatile, and Notcoin's price could fluctuate significantly.
Reaching $0.02 depends on various factors, including investor sentiment, trading activity, and overall market trends.
Conduct thorough research before making any investment decisions.
#Notcoin👀🔥
#NOTCOİN
$NOT
Flying or Crashing 😎😎
A few minutes ago $NOT reach a new record above 0.018
share your thoughts and opinions
Flying or Crashing 😎😎
A few minutes ago $NOT reach a new record above 0.018
share your thoughts and opinions
LIVE
Binance Square Official
--
🚀 Launch Alert: Write to Earn!
You can now earn rewards for posting content on Binance Square! Register now and let your words generate a 5% commission on your readers' trading fees for you.
Full details about the Write to Earn campaign here.
Additionally, you can level up to unlock higher commissions and gain access to more exclusive benefits on Binance Square. Learn more about the tiered rewards benefits here
You can now earn rewards for posting content on Binance Square! Register now and let your words generate a 5% commission on your readers' trading fees for you.
Full details about the Write to Earn campaign here.
Additionally, you can level up to unlock higher commissions and gain access to more exclusive benefits on Binance Square. Learn more about the tiered rewards benefits here
one of the best practical Tutorials For all the new traders , it will help you to understand and trading game.
#BinanceExplorers
$BTC $BNB $SOL
#BinanceExplorers
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Crypto Insiders
--
Understanding candles - How To Grow Your Trading Accuracy - Practical Tutorial
Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Hence, intraday traders try to either purchase a cryptocurrency at a low price and sell it higher or short-sell a cryptocurrency at a high price and buy it lower within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply among other factors.
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.
What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:
As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow
Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:
How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.
Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.
Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.
Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.
Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.
Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.
Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.
Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.
Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.
Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.
Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.
Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.
Happy trades and successful investments!
#Write2Earn #Bitcoin #Binance
$BTC
$ETH
$SOL
$BNB
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.
What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:
As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow
Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:
How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.
Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.
Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.
Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.
Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.
Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.
Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.
Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.
Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.
Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.
Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.
Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.
Happy trades and successful investments!
#Write2Earn #Bitcoin #Binance
$BTC
$ETH
$SOL
$BNB