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It's been so loooong! Check out the image I'm sharing—do you get it?
P.S.: You know what to do!!!
#Bitcoin!
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And what about the BULL MARKET? Bitcoin bulls are keeping up the pressure, with the price attempting to break past $95,000. The launch of BlackRock’s spot Bitcoin ETF options, the iShares Bitcoin Trust ETF (IBIT), on November 19, was an instant success. Bloomberg ETF analyst James Seyffart noted on X that IBIT options recorded approximately $1.9 billion in notional exposure, which may have contributed to Bitcoin reaching a new all-time high on November 19. With Bitcoin’s price nearing $100,000, MicroStrategy, the largest corporate holder of Bitcoin, shows no signs of slowing down its acquisitions. The business intelligence firm announced plans to raise $2.6 billion through senior convertible notes to purchase more Bitcoin and cover general corporate needs. While many analysts remain optimistic about Bitcoin’s future, onchain analysis service CryptoQuant warned on X that five indicators suggest Bitcoin might be approaching a local top. Will Bitcoin surpass $100,000 and ignite strong interest in altcoins?
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Sooooo.... we’re on Binance … how is its coin performing amid this massive rally of the "father of all cryptocurrencies," Bitcoin!? BNB is finding support at the 20-day EMA ($610), indicating that bulls are buying the dips. Buyers will need to quickly push the price above $667 to solidify their position. If successful, the BNB pair could climb to $722, a level likely to act as a significant barrier. However, if the bulls overcome this hurdle, the pair could surge to $810. This bullish outlook will be invalidated in the short term if the price closes below the 50-day SMA ($591). In that case, the pair might drop to the ascending trendline, a level that will likely attract buyers again. $BNB
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A moment ago, we covered how to identify the Stop Loss when the trend is upward… if you haven’t read it yet, that’s VERY BAD… you’re missing out on important educational posts, something rare to find on SQUARE. That’s why it’s worth knowing what to do next—because with just one click, you could change your trajectory and start leveling up your knowledge! Now, let’s dive into how to approach SHORT positions and correctly visualize the SL. Keep in mind that what we do before starting trading operations is a PROJECTION. Since we’re dealing with futures contracts, it’s crucial to be cautious with leverage, timing, and safety orders to set a tolerance level. Think of the Stop Loss as your seatbelt—it could save your life in case of an accident. If you have any questions, feel free to reach out for a chat! #EducationalContent #LearningFromMistakes
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Many of you reached out to my Telegram channel asking for more details about SCALPING and the importance of setting a proper STOP LOSS (abbreviated as SL). So, you need to keep these types of patterns in mind to identify an upward trend (as in the example I’m sharing) and how to position yourself accordingly. If we’re projecting upward, it would be a LONG in a futures contract, for example, and you should always work with solid capital and risk management, of course. That’s why the SL is a mandatory tool in a trader’s life. I’m leaving an image showing how it looks and how you should place the SL. However, keep in mind that this analysis is personal and subjective. Each trader chooses how much risk they’re willing to take. #educational_post #LearnTogether
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Scalping alert: watch out for XRP in futures, potential short in progress… maximum timeframe: 30 minutes. Don’t overleverage! Don’t let greed take over. If the move doesn’t work, set a STOP-LOSS and recalibrate your strategy. Be smart! Be different from the rest! On the chart, I've highlighted a potential "death cross" on the EMA, 15-minute candles… there could be a bullish move to recover RSI before continuing the bearish trend. Adjust your SL… this is NOT FINANCIAL ADVICE!!! It's just a projection… you know what to do, right? $XRP
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