$RVN is taking the lead again. After taking support at 0.012$, it is continuing its uptrend with a huge volume with a next target of 0.027$ in a shorter timeframe. Hope Bitcoin stays bullish in this period. We've tracked 380% gains in the previous rally. #BinanceTurns7 #ETHETFsApproved #EarnFreeCrypto2024
XRP Sees $12 Billion Surge: What's Happening? Real trading volume for XRP has substantially increased lately, rising by an astounding $12 billion. It frequently corresponds with increased market activity and has the potential to impact price movements. In the short run, though, what does this signify for the price performance of XRP? Volume is increasing, suggesting that there is new interest in XRP. This could be the result of institutional interest market sentiment shifting or large holders making significant transactions. More people usually enter the market either as buyers or sellers when volume rises. When it comes to XRP, this may indicate that investors are setting up for a future move, possibly as a result of conjecture or in response to recent changes in the cryptocurrency market. Even with the volume increase, XRP's market cap dominance which is currently at 1. 4% - remains low, according to an analysis of the on-chain data. This shows that although trading activity for XRP is increasing, it has not yet resulted in a major change in its market position in relation to other cryptocurrencies. Furthermore, as can be seen from the volatility chart, XRP has become more volatile than it has been in several months. This could indicate that a significant move either up or down is incoming to the market. These elements suggest that XRP may have a very dynamic short-term future. XRP may see a sharp increase if the current volume spike results in a breakout above important resistance levels. But if this market momentum falters, the elevated volatility may cause a sharp retreat - particularly if investors choose to book profits on the recent rally.
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Momentum Pullback Strategy — Promising Results On The 1H Chart I am continuing to refine and backtest my latest strategy, the Momentum Pullback Strategy. I want it to work successfully on lower timeframes like the 1H chart. Again, I take an unordinary approach with a super high risk/reward ratio. While I set the stop loss to only 1%, the take profit goal is defined at 12%. As a result, the success rate is very low but the net profit still promising. However, there are still improvements to make. The max drawdown is still slightly high, and I will try to add additional indicators to minimize it (while the success rate might improve). Would love to get your feedback on it! Below is an example of the strategy on the 1H chart for $BNB I didn't use any special configuration to avoid overfitting. #TradingMadeEasy
Bloomberg: Gold might become the medal for recovering volatility. Bitcoin, an asset some call the fastest horse in the race, dropped below its upward-trending 200-day moving average on August 9th, potentially signaling a pullback in risk assets or presenting a buying opportunity. However, the key indicator that predicts a rollover is at the bottom.
Bitcoin (BTC) is back on the rise! 🚀 After a week of consolidation, BTCUSDT is up +10.59% in the past week, currently trading at $59,753.58. Could we be seeing a new bull run? 🐂 #Bitcoin #BTC #crypto #cryptocurrency #investing
$GINNAN dipping slightly (-0.25%) but holding strong! 👀 Low volume might indicate consolidation before the next move. What do you think, #Solana fam? #crypto #altcoin #BinanceTurns7
$FDUSD D holding strong at $0.9994! 🪙 Slight dip in the last hour, but overall stability. What do you think this means for the future of stablecoins? #FDUSD #crypto #stablecoins #marketwatch