Don’t even wanna look at my wallet wtf the market doing 😭Everywhere blood

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Complete Beginner's Guide to Scalping Using Bollinger Bands

How to Identify Trends and Draw Trendlines in Crypto Technical Analysis 😃 Trendlines are essential tools in technical analysis for traders to identify the direction and strength of a price trend. Whether you're new to trading or looking to improve your skills, understanding how to find a trendline is a valuable skill. Here's a step-by-step guide💸 📈 Understanding Trends in Crypto Trading In crypto trading, "trend" is like the market's rhythm. An "uptrend" is when prices go up; it's like climbing stairs. A "downtrend" is when prices go down, like going downstairs. 🔍 Spotting an Uptrend To see an uptrend, look for higher highs and higher lows. It's like steps going up, one after the other. 🔽 Finding a Downtrend For a downtrend, search for lower highs and lower lows. It's like steps going down, getting lower each time. 💡Drawing Trendlines: The BasicsTrendlines are like guides. To make one: 1. Find Key Points Look for two important points on the chart. Connect the lowest lows for an uptrend or the highest highs for a downtrend minimum 3 points. 2. Draw the Line Make a straight line between those points. This line shows the trend. 3. Adjust as Needed You can change the line if the trend changes. 🌐 Using Trendlines for Trading Trendlines help with trading: 1. Support and Resistance In an uptrend, the lower line can be support, meaning it's a good time to buy. In a downtrend, the upper line can be resistance, suggesting it's a good time to sell. 2. Breakouts If the price goes through a trendline, it may signal a new trend. Be ready to change your strategy. Understanding trends and skillfully drawing trendlines can be your edge in crypto trading. Trends are your allies, and trendlines are your steadfast companions. 🤝So, keep an eagle eye on those charts and be ready to adapt as the crypto market unfolds. Bro! If you found this information helpful, why hesitate to hit the follow button?🤣 It's completely free, and you'll stay updated with more useful insights and tips. So go ahead and hit that follow button, bro! 🚀😎

Everyone was bullish last night. But those with knowledge of technical analysis know what's next 😈. Our Challenge Going Well 100$ --> 1000$.

Why Most Beginner Crypto Traders Lose Their Funds in Futures Trading Hey Fam!! I hope you fine and let me know what's your biggest spot bags for next Altcoins season😉 Futures trading in cryptocurrency can be enticing due to the potential for high profits, but many beginners find themselves facing significant losses. Here are some key reasons why this happens: 1. Lack of Knowledge and Experience Many beginners jump into futures trading without a solid understanding of how it works. Futures trading involves predicting the price movement of a cryptocurrency within a specific time frame, and it can be quite complex. Without a thorough understanding of market trends, technical analysis, and trading strategies, beginners are at a high risk of making poor trading decisions. 2. High Leverage Futures trading often involves leverage, which means you can trade with more money than you actually have. While this can amplify profits, it can also magnify losses. Beginners might be tempted by the possibility of high returns and use high leverage, not realizing that it can quickly wipe out their funds if the market moves against their position. 3. Emotional Trading Trading futures can be stressful, especially in the volatile crypto market. Beginners often let emotions like fear and greed drive their decisions, leading to impulsive trades. For example, they might hold onto a losing position too long, hoping the market will turn around, or they might chase after quick profits without a proper strategy. 4. Poor Risk Management Effective risk management is crucial in futures trading. Beginners often fail to set stop-loss orders, which automatically sell a position when it reaches a certain loss level, or they might invest more than they can afford to lose. Without proper risk management, a single bad trade can result in significant losses. 5. Market Volatility The cryptocurrency market is known for its extreme volatility. Prices can swing dramatically in a short period, which can be challenging even for experienced traders to navigate.

On the 4-hour chart, BTC flipped the resistance level at 56,500. This is a good signal. 🚥 We need further confirmation: if the 4-hour candle closes above 57,500, we will re-enter a bullish trend. If not, this pump was just a bearish retest of 200 EMA 1D.

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