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Binance Donates $3 Million for Morocco Earthquake Relief
CryptosHeadlines.com - The Leading Crypto Research Network
Binance Charity, which is part of the world’s largest exchange called Binance, has promised to give $3 million to help people in the areas impacted by the recent earthquake in Morocco.
After a big earthquake hit Morocco on September 8 and sadly took many lives, Binance Charity, which is part of the big Binance exchange, decided to help. They want to make life better for people who are struggling and make sure that their help is clear and helpful.
They will check if people live in the area near Marrakesh-Safi Province and have finished some paperwork before September 9. If they did, they will get $100 in BNB tokens directly in their Binance account.
But, they also know that not everyone could finish the paperwork in time, so if people do it between September 9 and September 30, they will still get $25 in BNB tokens in their Binance account.
As a nice thing, Binance will also give $10 in BNB tokens to people who use Binance a lot, even if they are in areas that weren’t affected by the earthquake.
Around 70,000 Binance users in Morocco will get this help, and they will get it on September 12.
Binance Charity’s Meaningful Philanthropic Initiatives
Binance Charity has done many important things using special technology called blockchain to help people all around the world.
One of their projects is called “Empower Bududa,” where they help the Bududa community by making good changes in their area.
They also have a project called “Binance Lunch for Children,” where they make sure that kids who need it get good and healthy food.
When there are big natural disasters like earthquakes in places like Turkey and Syria, Binance Charity helps with their “Earthquake Appeal: Rebuilding & Recovery” project to fix things and make them better.
And they have something called the “Binance Charity Wallet” that makes it easy for people to donate cryptocurrency to help others, and it makes sure that everything is open and clear.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#cryptomarket #Morocco #moroccoearthquake #BinanceTournament
Binance Charity, which is part of the world’s largest exchange called Binance, has promised to give $3 million to help people in the areas impacted by the recent earthquake in Morocco.
After a big earthquake hit Morocco on September 8 and sadly took many lives, Binance Charity, which is part of the big Binance exchange, decided to help. They want to make life better for people who are struggling and make sure that their help is clear and helpful.
They will check if people live in the area near Marrakesh-Safi Province and have finished some paperwork before September 9. If they did, they will get $100 in BNB tokens directly in their Binance account.
But, they also know that not everyone could finish the paperwork in time, so if people do it between September 9 and September 30, they will still get $25 in BNB tokens in their Binance account.
As a nice thing, Binance will also give $10 in BNB tokens to people who use Binance a lot, even if they are in areas that weren’t affected by the earthquake.
Around 70,000 Binance users in Morocco will get this help, and they will get it on September 12.
Binance Charity’s Meaningful Philanthropic Initiatives
Binance Charity has done many important things using special technology called blockchain to help people all around the world.
One of their projects is called “Empower Bududa,” where they help the Bududa community by making good changes in their area.
They also have a project called “Binance Lunch for Children,” where they make sure that kids who need it get good and healthy food.
When there are big natural disasters like earthquakes in places like Turkey and Syria, Binance Charity helps with their “Earthquake Appeal: Rebuilding & Recovery” project to fix things and make them better.
And they have something called the “Binance Charity Wallet” that makes it easy for people to donate cryptocurrency to help others, and it makes sure that everything is open and clear.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#cryptomarket #Morocco #moroccoearthquake #BinanceTournament
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Trading Heights
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From $500 to Financial Freedom: A Crypto Journey
Embarking on a journey in the world of cryptocurrency with just $500 and achieving financial freedom is a story worth telling. While many trading influencers charge exorbitant fees for courses, here's a guide that will cost you nothing but your time. Let’s delve into the Volume Guide and how you can build a profitable trading strategy with it.
Understanding Indicators
Traders often view indicators as magical tools for predicting price movements. However, this is a misconception. If you don’t understand how an indicator is calculated, you shouldn’t rely on it. Indicators are merely visual aids for price data and come in two primary types:
1. Price-Derived Indicators
These indicators use candlestick data in their calculations. The most common ones are:
Moving Averages: The mean of the close prices from the previous x candles.RSI (Relative Strength Index): Measures the speed and change of price movements.Bollinger Bands: Measures market volatility and provide relative definitions of high and low prices.
Example: Moving Average
Moving averages help identify trends, general market structure, and continuations.Full Moving Average Guide:
2. Counting Indicators
The formula used for these indicators is based on different data sets, not candlesticks. Examples include:
Volume: Calculated by counting total transactions.Liquidations: Calculated by counting total liquidations.Open Interest: The total number of Longs plus Shorts.
Volume Masterclass
Volume is a crucial indicator in trading, calculated by counting the total number of contracts being traded.
Example: Volume Bar
A volume bar showing 2.628 million contracts traded over 4 hours (4H chart) doesn’t mean more buyers than sellers, as each buy order needs a matching sell order.An increase in volume indicates more market participation and higher volatility.
How I Trade with Volume
Low Volume: Indicates low speculation, with steady prices and volume. This is where I often play the continuation of trends.High Volume: Indicates more market participants and increased volatility, which I use to play breakouts.
Market Participants and Volume
Understanding who is trading and why is essential. Market participants might be driven by:
- News about an asset
- Major unlocks
- BTC breaking out
- Economic data releases
- Celebrity endorsements (e.g., Elon Musk)
This leads to two types of price action:
Standard Price Action: Stable but can be low liquidity, with trades taking longer to play out.Anomalies: Occur with increased market participants, represented by outlier volume bars, and characterized by high volatility and liquidity.
Trading Strategies with Volume
Traders use various strategies to navigate different volume conditions:
Anomalies and Swing Failure Patterns (SFP)
Some traders wait for volume-based anomalies and SFPs to counter-trade the direction of price.
Mean Reversion Trading
For mean reversion traders, outlier volume bars can trigger trades on tokens that spike unexpectedly, with the expectation that the speculation will die out, participants will exit, and the price will revert to the mean.
Volume-Based Confluences
There are numerous volume-based confluences traders can utilize. Here are a few that I will cover in upcoming guides:
Mean Reversion TradingSwing Failure Pattern (SFP) GuideVolume DivergencesStrength Buying vs. Strength Selling
Stay updated by joining me for first access to these guides: https://bitly.cx/BmLHk
Sentiment Analysis through Game Theory
Using game theory to understand absorption or resistance at key levels aids in sentiment analysis:
Example: $2M in market buys hitting a $5M limit sell wall and getting absorbed.
Red volume bars show stronger sell pressure, making buyers cautious or bearish, likely leading them to exit their positions. This sentiment shift can prompt sellers to step in with more shorts.
The Role of Volume
While volume is more than a visual aid, it's still not a predictive tool for price action. No such indicator exists. It requires testing and journaling like any other indicator.
Conclusion
By understanding and leveraging volume, you can develop a robust trading strategy. Remember, no indicator is foolproof, and continual learning and adaptation are key. I hope this guide enhances your understanding and helps you on your journey to financial freedom.
Stay tuned for more detailed guides and insights.
#Learning #technical_analysis
Understanding Indicators
Traders often view indicators as magical tools for predicting price movements. However, this is a misconception. If you don’t understand how an indicator is calculated, you shouldn’t rely on it. Indicators are merely visual aids for price data and come in two primary types:
1. Price-Derived Indicators
These indicators use candlestick data in their calculations. The most common ones are:
Moving Averages: The mean of the close prices from the previous x candles.RSI (Relative Strength Index): Measures the speed and change of price movements.Bollinger Bands: Measures market volatility and provide relative definitions of high and low prices.
Example: Moving Average
Moving averages help identify trends, general market structure, and continuations.Full Moving Average Guide:
2. Counting Indicators
The formula used for these indicators is based on different data sets, not candlesticks. Examples include:
Volume: Calculated by counting total transactions.Liquidations: Calculated by counting total liquidations.Open Interest: The total number of Longs plus Shorts.
Volume Masterclass
Volume is a crucial indicator in trading, calculated by counting the total number of contracts being traded.
Example: Volume Bar
A volume bar showing 2.628 million contracts traded over 4 hours (4H chart) doesn’t mean more buyers than sellers, as each buy order needs a matching sell order.An increase in volume indicates more market participation and higher volatility.
How I Trade with Volume
Low Volume: Indicates low speculation, with steady prices and volume. This is where I often play the continuation of trends.High Volume: Indicates more market participants and increased volatility, which I use to play breakouts.
Market Participants and Volume
Understanding who is trading and why is essential. Market participants might be driven by:
- News about an asset
- Major unlocks
- BTC breaking out
- Economic data releases
- Celebrity endorsements (e.g., Elon Musk)
This leads to two types of price action:
Standard Price Action: Stable but can be low liquidity, with trades taking longer to play out.Anomalies: Occur with increased market participants, represented by outlier volume bars, and characterized by high volatility and liquidity.
Trading Strategies with Volume
Traders use various strategies to navigate different volume conditions:
Anomalies and Swing Failure Patterns (SFP)
Some traders wait for volume-based anomalies and SFPs to counter-trade the direction of price.
Mean Reversion Trading
For mean reversion traders, outlier volume bars can trigger trades on tokens that spike unexpectedly, with the expectation that the speculation will die out, participants will exit, and the price will revert to the mean.
Volume-Based Confluences
There are numerous volume-based confluences traders can utilize. Here are a few that I will cover in upcoming guides:
Mean Reversion TradingSwing Failure Pattern (SFP) GuideVolume DivergencesStrength Buying vs. Strength Selling
Stay updated by joining me for first access to these guides: https://bitly.cx/BmLHk
Sentiment Analysis through Game Theory
Using game theory to understand absorption or resistance at key levels aids in sentiment analysis:
Example: $2M in market buys hitting a $5M limit sell wall and getting absorbed.
Red volume bars show stronger sell pressure, making buyers cautious or bearish, likely leading them to exit their positions. This sentiment shift can prompt sellers to step in with more shorts.
The Role of Volume
While volume is more than a visual aid, it's still not a predictive tool for price action. No such indicator exists. It requires testing and journaling like any other indicator.
Conclusion
By understanding and leveraging volume, you can develop a robust trading strategy. Remember, no indicator is foolproof, and continual learning and adaptation are key. I hope this guide enhances your understanding and helps you on your journey to financial freedom.
Stay tuned for more detailed guides and insights.
#Learning #technical_analysis
India to Raise Crypto Regulation Talks at Final FMCBG Meeting in Morocco
CryptosHeadlines.com - The Leading Crypto Research Network
Finance ministers and central bank governors are gearing up for the final meeting during India’s G20 presidency, happening on October 12 and 13 in Marrakesh, Morocco.One of the major topics on the agenda is creating a roadmap for regulating cryptocurrencies. India wants to make sure that the issues outlined in the New Delhi Declaration, including establishing a framework for crypto regulations, move forward.
Before the 4th G20 Finance Ministers and Central Bank Governors (FMCBG) meeting, India’s Finance Minister, Nirmala Sitharaman, held a meeting with the heads of Multilateral Development Banks (MDBs) and the co-conveners of the G20 independent expert group, NK Singh.
G20 to Discuss Crypto Regulation Roadmap
Finance ministers and central bank governors are going to talk about a roadmap. This roadmap aims to create a well-organized set of rules and regulations specifically for cryptocurrencies.
These discussions are really important because digital currencies are changing fast, and countries need to work together to deal with the challenges and opportunities they bring.
G20 countries have also called for quick action on something called the Crypto-Asset Reporting Framework (CARF) and changes to the ‘Common Reporting Standard’ (CRS).
CARF is a way to report tax-related information about cryptocurrency transactions. The main goal is to share this information automatically with the country where the taxpayer lives every year.
Indian Crypto Exchanges Hope for Clear Regulations Post-G20
The G20’s statement about crypto assets has given hope to local cryptocurrency platforms in India. They’ve been waiting a long time for clear rules about cryptocurrencies.
However, it will still take some time for these rules to become real in India. But the government is interested in making progress in that direction. Indian crypto platforms are asking for self-regulatory organizations.
Recently, during a speech at the Global FinTech Fest 2023, Shaktikanta Das, the Governor of the Reserve Bank of India, encouraged fintech companies to create their own self-regulatory organization.
Despite the uncertainty about regulations and high taxes, India has ranked as the top country in Chainalysis’ Global Crypto Adoption Index.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
Finance ministers and central bank governors are gearing up for the final meeting during India’s G20 presidency, happening on October 12 and 13 in Marrakesh, Morocco.One of the major topics on the agenda is creating a roadmap for regulating cryptocurrencies. India wants to make sure that the issues outlined in the New Delhi Declaration, including establishing a framework for crypto regulations, move forward.
Before the 4th G20 Finance Ministers and Central Bank Governors (FMCBG) meeting, India’s Finance Minister, Nirmala Sitharaman, held a meeting with the heads of Multilateral Development Banks (MDBs) and the co-conveners of the G20 independent expert group, NK Singh.
G20 to Discuss Crypto Regulation Roadmap
Finance ministers and central bank governors are going to talk about a roadmap. This roadmap aims to create a well-organized set of rules and regulations specifically for cryptocurrencies.
These discussions are really important because digital currencies are changing fast, and countries need to work together to deal with the challenges and opportunities they bring.
G20 countries have also called for quick action on something called the Crypto-Asset Reporting Framework (CARF) and changes to the ‘Common Reporting Standard’ (CRS).
CARF is a way to report tax-related information about cryptocurrency transactions. The main goal is to share this information automatically with the country where the taxpayer lives every year.
Indian Crypto Exchanges Hope for Clear Regulations Post-G20
The G20’s statement about crypto assets has given hope to local cryptocurrency platforms in India. They’ve been waiting a long time for clear rules about cryptocurrencies.
However, it will still take some time for these rules to become real in India. But the government is interested in making progress in that direction. Indian crypto platforms are asking for self-regulatory organizations.
Recently, during a speech at the Global FinTech Fest 2023, Shaktikanta Das, the Governor of the Reserve Bank of India, encouraged fintech companies to create their own self-regulatory organization.
Despite the uncertainty about regulations and high taxes, India has ranked as the top country in Chainalysis’ Global Crypto Adoption Index.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
Binance Steps Up with $3 Million BNB Airdrop to Morocco Earthquake Victims
Binance Charity is airdropping up to $3 million in BNB to Binance users identified as living in the areas affected by the recent earthquake in Morocco. The earthquake, which struck on September 8, 2023, was the deadliest in Morocco in over 60 years, killing over 2,000 people and displacing thousands more.
The airdrop will be distributed to users based on their Proof of Address (POA). Users who have completed POA before September 9, 2023, in Marrakesh-Safi Province, which has suffered the most significant impact, will each receive $100 in BNB. Users who complete POA after September 9, 2023, and before September 30, 2023, will receive $25 in BNB. Additionally, active transacting users across Morocco who are not in the affected area will receive $10 in BNB each.
Binance CEO Changpeng Zhao (CZ) said in a statement that the airdrop is "a small token of our support for the people of Morocco during this difficult time." He added that "Binance is committed to using our platform to help those in need, and we hope that this airdrop will provide some relief to those affected by the earthquake."
The airdrop is expected to reach around 70,000 Binance users living in Morocco. The funds will be distributed starting on September 12, 2023.
CZ also encouraged users who are not affected by the earthquake to donate their airdrop funds to those who are most in need. He said that "every little bit helps, and we can make a real difference together."
Binance's airdrop to Morocco earthquake victims is a significant gesture of support from the cryptocurrency community. It is a reminder that blockchain technology can be used to provide humanitarian assistance in times of need.
#Binance #airdrops #Morocco
The airdrop will be distributed to users based on their Proof of Address (POA). Users who have completed POA before September 9, 2023, in Marrakesh-Safi Province, which has suffered the most significant impact, will each receive $100 in BNB. Users who complete POA after September 9, 2023, and before September 30, 2023, will receive $25 in BNB. Additionally, active transacting users across Morocco who are not in the affected area will receive $10 in BNB each.
Binance CEO Changpeng Zhao (CZ) said in a statement that the airdrop is "a small token of our support for the people of Morocco during this difficult time." He added that "Binance is committed to using our platform to help those in need, and we hope that this airdrop will provide some relief to those affected by the earthquake."
The airdrop is expected to reach around 70,000 Binance users living in Morocco. The funds will be distributed starting on September 12, 2023.
CZ also encouraged users who are not affected by the earthquake to donate their airdrop funds to those who are most in need. He said that "every little bit helps, and we can make a real difference together."
Binance's airdrop to Morocco earthquake victims is a significant gesture of support from the cryptocurrency community. It is a reminder that blockchain technology can be used to provide humanitarian assistance in times of need.
#Binance #airdrops #Morocco
