analysis
4.1M views
1,641 Posts
Hot
Latest
BTC / USDT
đčLong Trade Setup.
đč Wait for Price to close above 64000$ then we can go for long
đčTarget can be 64265$ and 64500$â
đčSL at 63874$â
Only For Risk Traders
Use Profit Amount only, not Principal Amount.
$BTC
#predictions #analysis #analyst #Analytics #Analysts
đčLong Trade Setup.
đč Wait for Price to close above 64000$ then we can go for long
đčTarget can be 64265$ and 64500$â
đčSL at 63874$â
Only For Risk Traders
Use Profit Amount only, not Principal Amount.
$BTC
#predictions #analysis #analyst #Analytics #Analysts
đš Why You Should Buy Bitcoin Before 2024 Ends ?
$BTC đ§§đ§§
With Bitcoin (BTC) hitting a pause at around $64K, the bear market trauma seems to have caused many investors to open short positions. But there are three critical reasons why you should not be shorting but buying Bitcoin (BTC) before 2024. Letâs understand why.
Why You Should Buy Bitcoin Before 2024
As mentioned above, here are the three reasons why you should consider scooping up BTC:
Historical data shows the best performance of BTC price has always happened in Q4.
Furthermore, post-halving and bull run historical data shows Bitcoin is at the halfway point of the ongoing bull run that began in 2023.
With the approval of spot Bitcoin ETF and Bitcoin options, the institutional demand is only going to increase and thereâs only so much BTC to go around.
All of these data points indicate a massive bull run awaits BTC and the rest of the crypto market.
Historical Data Shows Q4 is Best Quarter
Coinglass Data for the past 11 years shows the average Q4 return is nearly 90%, following this is Q1 & Q2 with 56% and 27% yields, Q3, which is the current quarter weâre in, has the worst performance of 6% return.
As of this writing, Q3 performance of Bitcoin in 2024 stands at 0.41% and goes to show that buying dips before Q4 2024 is the best idea.
#BTCâ #analysis
$BTC đ§§đ§§
With Bitcoin (BTC) hitting a pause at around $64K, the bear market trauma seems to have caused many investors to open short positions. But there are three critical reasons why you should not be shorting but buying Bitcoin (BTC) before 2024. Letâs understand why.
Why You Should Buy Bitcoin Before 2024
As mentioned above, here are the three reasons why you should consider scooping up BTC:
Historical data shows the best performance of BTC price has always happened in Q4.
Furthermore, post-halving and bull run historical data shows Bitcoin is at the halfway point of the ongoing bull run that began in 2023.
With the approval of spot Bitcoin ETF and Bitcoin options, the institutional demand is only going to increase and thereâs only so much BTC to go around.
All of these data points indicate a massive bull run awaits BTC and the rest of the crypto market.
Historical Data Shows Q4 is Best Quarter
Coinglass Data for the past 11 years shows the average Q4 return is nearly 90%, following this is Q1 & Q2 with 56% and 27% yields, Q3, which is the current quarter weâre in, has the worst performance of 6% return.
As of this writing, Q3 performance of Bitcoin in 2024 stands at 0.41% and goes to show that buying dips before Q4 2024 is the best idea.
#BTCâ #analysis
Head and shoulders:
The head and shoulders is a bearish reversal pattern with a baseline (neckline) and three peaks. The two lateral peaks should roughly be at the same price level, while the middle peak should be higher than the other two. The pattern is confirmed once the price breaches the neckline support.
Inverse head and shoulders:
As the name suggests, this is the opposite of the head and shoulders â and as such, it indicates a bullish reversal. An inverse head and shoulders is formed when the price falls to a lower low in a downtrend, then bounces and finds support at roughly the same level as the first low. The pattern is confirmed once the price breaches the neckline resistance and continues higher.
#Learn&Earn #analysis #CryptoNewss #MarketUpdate #BullorBear
The head and shoulders is a bearish reversal pattern with a baseline (neckline) and three peaks. The two lateral peaks should roughly be at the same price level, while the middle peak should be higher than the other two. The pattern is confirmed once the price breaches the neckline support.
Inverse head and shoulders:
As the name suggests, this is the opposite of the head and shoulders â and as such, it indicates a bullish reversal. An inverse head and shoulders is formed when the price falls to a lower low in a downtrend, then bounces and finds support at roughly the same level as the first low. The pattern is confirmed once the price breaches the neckline resistance and continues higher.
#Learn&Earn #analysis #CryptoNewss #MarketUpdate #BullorBear
What Would Ethereum Price Be If Total Crypto Market Cap Hits $15 Trillion? đ€
$ETH
Ethereum price has taken a turn for the better recently, breaking past the $2,500 price level and aiming for $2,700 in the short term. The king of altcoins remains bullish in the long term, aiming to return to its all-time highs and probably beyond. At the time of writing, the price of ETH is up 21% from yearly lows of $2,113.
In a world where the Ethereum market cap has swollen to $15 trillion, decentralized finance (DeFi) has taken over most, if not all, of the global financial economy. Governments, corporations, and retail investors all use blockchain for everything.
By this time, Ethereum had evolved to its final version and was able to process hundreds of thousands, if not millions, of transactions per second (TPS). According to YCharts, Ethereum Supply is currently at 120.34M, up from 120.23M one year ago, a change of 0.10%.
The Ethereum market cap has grown by $69.965 billion in the same duration. A $15 trillion market cap would be 56X from the current market cap, and assuming that the rate of growth stays constant at approximately $70 billion per year, it would take Ethereum 210 years to reach this market cap.
Moreover, assuming that the ETH inflation rate remains the same, there would be 23.1 million extra ETH in circulation, bringing the price to about $104,573.
Ethereum price prediction shows an investment of $10,000 in ETH could transform into $1.045 billion. But in the short term, Ethereum price is already rallying. Short-term investors can bag 10-70% before December 2024 as ETH price targets $5,000. As for a $1 billion profit, that would have to wait a bit longer. DYOR
#ETHđ„đ„đ„đ„ #priceprediction #analysis
$ETH
Ethereum price has taken a turn for the better recently, breaking past the $2,500 price level and aiming for $2,700 in the short term. The king of altcoins remains bullish in the long term, aiming to return to its all-time highs and probably beyond. At the time of writing, the price of ETH is up 21% from yearly lows of $2,113.
In a world where the Ethereum market cap has swollen to $15 trillion, decentralized finance (DeFi) has taken over most, if not all, of the global financial economy. Governments, corporations, and retail investors all use blockchain for everything.
By this time, Ethereum had evolved to its final version and was able to process hundreds of thousands, if not millions, of transactions per second (TPS). According to YCharts, Ethereum Supply is currently at 120.34M, up from 120.23M one year ago, a change of 0.10%.
The Ethereum market cap has grown by $69.965 billion in the same duration. A $15 trillion market cap would be 56X from the current market cap, and assuming that the rate of growth stays constant at approximately $70 billion per year, it would take Ethereum 210 years to reach this market cap.
Moreover, assuming that the ETH inflation rate remains the same, there would be 23.1 million extra ETH in circulation, bringing the price to about $104,573.
Ethereum price prediction shows an investment of $10,000 in ETH could transform into $1.045 billion. But in the short term, Ethereum price is already rallying. Short-term investors can bag 10-70% before December 2024 as ETH price targets $5,000. As for a $1 billion profit, that would have to wait a bit longer. DYOR
#ETHđ„đ„đ„đ„ #priceprediction #analysis
đ Crypto Exchange Volumes Surge in August, Reaching Highest Levels Since May
đ August saw a significant rebound in crypto exchange activity, with total spot volume for the top 10 centralized exchanges reaching $908 billion, a 5% increase from July. This marks the highest level since May 2024, despite being over 50% lower than March's record $2.1 trillion. Derivatives trading volume also rose to $3.68 trillion, up 4.70%. Binance maintained its lead with 49% market share, followed by Bybit at 17% and Huobi at 7%.
đ Year-over-year comparisons reveal dramatic growth, with average volumes up 155%. Bybit showed the most impressive gain, surging over 560% from $23 billion in August 2023 to $154 billion. Other exchanges like OKX, Coinbase, and Binance also posted triple-digit increases. Despite historically bearish trends in September, Bitcoin's price is currently holding steady around $60,000, suggesting continued market interest despite less attractive prices compared to earlier highs.
#MarketUpdate #analysis #CryptoNewss #CryptoUpdate #TraderAlert
đ August saw a significant rebound in crypto exchange activity, with total spot volume for the top 10 centralized exchanges reaching $908 billion, a 5% increase from July. This marks the highest level since May 2024, despite being over 50% lower than March's record $2.1 trillion. Derivatives trading volume also rose to $3.68 trillion, up 4.70%. Binance maintained its lead with 49% market share, followed by Bybit at 17% and Huobi at 7%.
đ Year-over-year comparisons reveal dramatic growth, with average volumes up 155%. Bybit showed the most impressive gain, surging over 560% from $23 billion in August 2023 to $154 billion. Other exchanges like OKX, Coinbase, and Binance also posted triple-digit increases. Despite historically bearish trends in September, Bitcoin's price is currently holding steady around $60,000, suggesting continued market interest despite less attractive prices compared to earlier highs.
#MarketUpdate #analysis #CryptoNewss #CryptoUpdate #TraderAlert
Cardano investors have every reason to be cautious given ADAâs current range.
âADA lost over 50% of its value in the past three months.
âADA could continue to trade sideways within the $0.2530 â $0.2682.
#analysis
âADA lost over 50% of its value in the past three months.
âADA could continue to trade sideways within the $0.2530 â $0.2682.
#analysis
Using Indicators for Technical Analysis in Cryptocurrency Trading on Binance
In the world of cryptocurrency trading, technical analysis is a popular method for predicting price movements and making informed trading decisions. Indicators are an essential tool for technical analysis, and they can help traders identify trends, momentum, and potential reversal points. In this article, we will explore some popular indicators used in cryptocurrency trading and how they can be used on the Binance exchange.Â
Moving AveragesÂ
Moving averages are a popular indicator used in technical analysis. They show the average price of an asset over a specified period of time, smoothing out price fluctuations and highlighting trends. The most commonly used moving averages are the simple moving average (SMA) and the exponential moving average (EMA).Â
The SMA is calculated by adding up the closing prices of an asset over a specified period of time and dividing by the number of periods. The EMA is similar, but it gives more weight to recent prices. Traders often use moving averages to identify trends and potential entry and exit points for trades.Â
Relative Strength Index (RSI)Â
The Relative Strength Index (RSI) is another popular indicator used in technical analysis. It measures the strength of an asset's price relative to its previous prices, indicating whether an asset is overbought or oversold. The RSI is calculated by comparing the average gains and losses over a specified period of time.Â
When the RSI is above 70, the asset is considered overbought, and when it is below 30, the asset is considered oversold. Traders often use the RSI to identify potential reversal points and to confirm trends identified by other indicators.Â
Bollinger BandsÂ
Bollinger Bands are a technical indicator that uses moving averages and standard deviations to identify potential trading opportunities. The indicator consists of a simple moving average, an upper band, and a lower band. The upper and lower bands are calculated based on the standard deviation of the asset's price over a specified period of time.Â
Traders often use Bollinger Bands to identify potential entry and exit points for trades. When the asset's price is near the upper band, it may be overbought, and when it is near the lower band, it may be oversold.Â
Using Indicators on BinanceÂ
Binance offers a range of technical analysis tools, including indicators like moving averages, RSI, and Bollinger Bands. Traders can access these tools on Binance's trading platform by selecting the "Indicators" tab on the charting screen.Â
Traders can customize the settings for each indicator based on their trading strategies and preferences. It is important to note that indicators should be used in conjunction with other forms of analysis, such as fundamental analysis, to make informed trading decisions.Â
In conclusion, indicators are an essential tool for technical analysis in cryptocurrency trading. Moving averages, RSI, and Bollinger Bands are just a few of the popular indicators used by traders. Binance offers a range of technical analysis tools for traders to use on its trading platform. When using indicators, it is important to use them in conjunction with other forms of analysis and to customize the settings based on trading strategies and preferences.
𧧠X0RFD4CJ
#Binance #BNB #analysis #indicators #crypto2023
Moving AveragesÂ
Moving averages are a popular indicator used in technical analysis. They show the average price of an asset over a specified period of time, smoothing out price fluctuations and highlighting trends. The most commonly used moving averages are the simple moving average (SMA) and the exponential moving average (EMA).Â
The SMA is calculated by adding up the closing prices of an asset over a specified period of time and dividing by the number of periods. The EMA is similar, but it gives more weight to recent prices. Traders often use moving averages to identify trends and potential entry and exit points for trades.Â
Relative Strength Index (RSI)Â
The Relative Strength Index (RSI) is another popular indicator used in technical analysis. It measures the strength of an asset's price relative to its previous prices, indicating whether an asset is overbought or oversold. The RSI is calculated by comparing the average gains and losses over a specified period of time.Â
When the RSI is above 70, the asset is considered overbought, and when it is below 30, the asset is considered oversold. Traders often use the RSI to identify potential reversal points and to confirm trends identified by other indicators.Â
Bollinger BandsÂ
Bollinger Bands are a technical indicator that uses moving averages and standard deviations to identify potential trading opportunities. The indicator consists of a simple moving average, an upper band, and a lower band. The upper and lower bands are calculated based on the standard deviation of the asset's price over a specified period of time.Â
Traders often use Bollinger Bands to identify potential entry and exit points for trades. When the asset's price is near the upper band, it may be overbought, and when it is near the lower band, it may be oversold.Â
Using Indicators on BinanceÂ
Binance offers a range of technical analysis tools, including indicators like moving averages, RSI, and Bollinger Bands. Traders can access these tools on Binance's trading platform by selecting the "Indicators" tab on the charting screen.Â
Traders can customize the settings for each indicator based on their trading strategies and preferences. It is important to note that indicators should be used in conjunction with other forms of analysis, such as fundamental analysis, to make informed trading decisions.Â
In conclusion, indicators are an essential tool for technical analysis in cryptocurrency trading. Moving averages, RSI, and Bollinger Bands are just a few of the popular indicators used by traders. Binance offers a range of technical analysis tools for traders to use on its trading platform. When using indicators, it is important to use them in conjunction with other forms of analysis and to customize the settings based on trading strategies and preferences.
𧧠X0RFD4CJ
#Binance #BNB #analysis #indicators #crypto2023
LDO bulls could have an upper hand only if a surge is observed inâŠ
âThe LDO bear rally could be short-lived forcing LDO to rebound from $1.853
âA break below $1.853 will give bears more leverage and invalidate the above bias
#crypto2023 #analysis #Altcoin
âThe LDO bear rally could be short-lived forcing LDO to rebound from $1.853
âA break below $1.853 will give bears more leverage and invalidate the above bias
#crypto2023 #analysis #Altcoin
Ethereum bulls remain euphoric but bears will look to erase all the recent gains.
âThe market structure flipped bullish for Ethereum last week.
âThe move above $1235 saw the range highs tested, but expecting a breakout could be dangerous. #crypto2023 #analysis
âThe market structure flipped bullish for Ethereum last week.
âThe move above $1235 saw the range highs tested, but expecting a breakout could be dangerous. #crypto2023 #analysis
Since August 1st in Central Africa, the regulator has included in its new regulations "digital assets",and more institutionals are interested to learn about cryptocurrencies in other to diversify their portfolio!
#crypto2023
#analysis
#crypto2023
#analysis
#analysis
Rippleâs lawsuit wid SEC could b on it homestretch; where will XRP go next?
Rumors are rife dat Ripple (XRP) could settle wid SEC (US Security and Exchange Commission
XRP formed a descending triangle chart pattern
A bearish breakout could push XRP to settle at $0.34
Rippleâs lawsuit wid SEC could b on it homestretch; where will XRP go next?
Rumors are rife dat Ripple (XRP) could settle wid SEC (US Security and Exchange Commission
XRP formed a descending triangle chart pattern
A bearish breakout could push XRP to settle at $0.34
#analysis
Bitcoin rallies from $17k after core CPI data release, should you go long now?
âThe lower timeframe market structure was strongly bearish.
âThe bulls can wait for a pullback before looking to bid.
Bitcoin rallies from $17k after core CPI data release, should you go long now?
âThe lower timeframe market structure was strongly bearish.
âThe bulls can wait for a pullback before looking to bid.
