Predict the price of BTC at 20th April 00:00 (UTC+0) to win up to $10000 of SATS token rewards!
To mark this milestone of Bitcoin Halving, all verified users can complete specific tasks on Binance Square during the Activity Period, and qualify for up to $10,000 of SATS token voucher reward. Activity Period: 2024-03-04 09:00 (UTC) to 2024-04-14 09:00 (UTC)All KYC-verified Binance users who log into their Binance accounts and complete the following tasks during the Activity Period will qualify for the $10,000 of SATS reward. Tasks: Comment your prediction for the price of BTC on 20th April 00:00 (UTC+0) on this post. Share this post on your social media and #HalvingHorizonsThe user with the closest prediction will win $5000. If more than one user shares the same prediction, you’ll share the price pool. AndIf you correctly guessed the price and signed up for a Binance account during the activity period through the shared link of this post or the Binance Square referral link, you can unlock a share of extra $2000 price poolAndIf you correctly guessed the price and completed at least 10 trades during the activity period, you will unlock a share of the extra $3000 price poolEach user can only submit 1 entry. Terms & ConditionsThis activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order to qualify.The $10,000 of SATS token voucher rewards pool will be divided equally among all qualified users.Winners will be notified via a push notification under Creator Center > Square Assistant. Voucher rewards will be distributed within 21 working days after the activity ends. Users may check their voucher rewards via Profile > Rewards Hub. The validity period for the voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
BTC 1. Utilize the high-probability triangular convergence method through technical analysis. Patiently wait for opportunities as the oscillations gradually narrow, allowing the market to determine its direction. Finally, confirm the direction and follow the market's main force when attacking (with an increase in trading volume).
2. The triangular convergence method is a commonly used trading technique. Avoid blindly speculating on the market direction. Let the market decide the direction through a triangle formed by two trend lines. Eventually, it will present a pattern of narrowing oscillations until it chooses a direction.
3. In the early stages of triangular convergence (entry can be made using trend lines), take advantage of market oscillations to identify opportunities, as shown in the yellow circle in the diagram. Wait for the direction when entering the narrowing tail (at the apex of the triangle). As the oscillations decrease, profits decrease, and risks increase. Wait for a safer market direction.
4. Pay attention to the upcoming Bitcoin halving, considering each retracement as a good entry opportunity. Gradually build positions at the bottom to reduce holding costs.
5. Set stop-loss near the red-framed area near the upper and lower edges of the trend lines. For take-profit, consider upper resistance levels and lower support as reference points.
Follow the risk calculation taught in the previous lessons to determine the leverage size, position management, and adjustments to stop-loss. With confidence, believe that trading will become smoother. Wishing everyone profitable outcomes in the market!
1. Macro-economic factors and news play a crucial role in influencing market trends, especially as macroeconomics provides insights into the overall market direction. For instance, the monetary policies of institutions like the Federal Reserve often dictate market fluctuations, closely tied to fund movements.
2. As the bullish market at the end of 2021 gradually shifted towards a bearish trend, several factors came into play. For instance, the Federal Reserve initiated a tightening monetary policy due to inflation concerns, leading to an interest rate hike. This resulted in a rapid outflow of hot money from cryptocurrencies and other financial industries, causing a swift decline. This can be considered a significant signal of a bear market.
3. The collapse of LUNA and the FTX incident in 2022 accelerated the pace of entering the bear market. Each major event can be analyzed through chart reviews to understand its background and potential consequences.
4. Recently, the focus has been on Bitcoin spot ETFs and the Bitcoin halving, both considered as relatively positive factors.
5. It is crucial to closely monitor whether the Federal Reserve will enter a phase of interest rate reduction and monetary easing. This implies that hot money is about to re-enter the market, pushing it towards another peak. Aligning one's trading direction with these major trends can make trading strategies clearer and more in line with market trends.
1. How to choose investment targets? First, pay attention to current hotspots by exploring Binance AMAs and ongoing activities. For example, projects recently launched on LAUNCHPOOL and LAUNCHPAD, such as ALT, MANTA, MAV, SEI, CYBER, etc., have shown good price increases.
2. Since these projects typically undergo in-depth investigation and strict screening by Binance, they generally perform well. With support from Binance and other institutions, investors can feel more confident.
3. If you hold onto these cryptocurrencies from the tail end of a bear market until the bull market, there is a possibility of achieving remarkable returns. Taking CYBER and SEI as recent examples, the profits have been substantial. Keep in mind that this is just the beginning, as many funds have yet to enter. You can anticipate the impact of loose monetary policies!
4. There might be some selling pressure when a new cryptocurrency is listed, often due to project airdrops. However, over time, the selling pressure diminishes. For a promising project, we will witness an increase in its token price, benefiting from the current hotspots' momentum.
5. Combine the market value analysis mentioned in previous lessons. By comparing the potential growth space of similar projects, we can calculate their growth potential and token prices.
Trading Rule Lesson 4 1. Stabilizing profits is a crucial topic in trading!
Today, let's talk about the risk-reward ratio. In addition to entering at favorable positions and choosing good assets, the risk-reward ratio is also a vital aspect of a successful trade.
In general, the more profitable trades, the better, and the fewer losses, the better. This leads to a higher win rate, coupled with a good risk-reward ratio, ensuring stable profits over the long term.
2. For example, the acceptable loss we can bear is 2.5% of the position size (after applying 10x leverage), and the profit is 12.5%. So, the loss:profit ratio is 1:4. This means that for every successful trade, you can endure four losses and still break even (expectation value is 0). However, don't forget to factor in transaction fees and funding rates!
By conducting proper technical analysis, calculating position size, and implementing risk management, a win rate greater than 1/5 (20%) is sufficient to start achieving stable profits.
3. Skilled and experienced traders always perform these basic calculations before entering a trade. Having a well-thought-out trading strategy is crucial. Remember not to let the euphoria of a bullish market influence your judgment (FOMO).
Maintain a calm and steady mindset to execute good trades.
4. When going in the wrong direction, it's essential to thoroughly execute the stop-loss plan to prevent losses from escalating. Holding onto losing positions and risking liquidation is the last resort. Trading cannot guarantee 100% success, and preserving capital allows for future opportunities!
5. Invest time in researching and finding a trading approach that suits you. Master and refine it over time.
1. Selecting promising investment targets is crucial. Firstly, we must understand the project's fundamentals, token economics, and its current level of popularity.
Some targets have significant growth potential, whether they are new projects or have a relatively low token supply and market capitalization due to a low coin price. Projects with smaller market capitalization have a higher probability of experiencing explosive growth.
Take TRB as an example, with a circulating supply of 2,548,138 tokens, significantly less than other projects. Its smaller market cap was evident when its coin price increased from the tens to the hundreds, showing substantial potential.
However, it's essential to note that such projects come with a dual-edged sword; potential for significant gains but also susceptibility to sharp downturns, as illustrated in the chart.
2. For beginners, accumulating coins slowly during the tail end of a bear market by purchasing at each dip can lead to favorable long-term returns in a bull market.
3. Those new to contract trading can start by practicing with Bitcoin. Due to its larger market capitalization, it is less prone to market manipulation, making it more aligned with technical analysis. The accuracy of technical analysis in Bitcoin trading improves as more traders employ this approach.
4. Advanced traders may explore contract trading with altcoins, benefiting from their higher volatility. While this comes with increased risk, entering the market at the right position, accurately predicting market direction, and effectively managing risks and positions can lead to substantial profits—a potential opportunity to strike gold.
5. Before engaging in trades, conduct thorough research on the CoinMarketCap website. It provides insights into token economics, whitepapers, ongoing cryptocurrency events, and serves as a platform for discussions with fellow traders.
Trading Rules Lesson 2 1. Most of the time in trading is spent waiting – waiting for prices to reach favorable levels. The market predominantly remains in a consolidation phase, and when a trend occurs, it often happens in an instant. Utilize limit orders to anticipate potential price levels by placing orders in advance or monitor the market closely, entering at an appropriate position when the price reaches a suitable level using market orders. 2. Use support, resistance, trendlines, and Fibonacci retracements to identify entry points. Typically, when the price touches these levels, there is a higher probability of a reversal. Take advantage of these characteristics to generate profits. 3. Different timeframes on candlestick charts, such as 15 minutes, one hour, four hours, and daily, serve as technical analysis time scales. The 15-minute timeframe provides more detailed information for precise entry points, especially suitable for short-term trading. The four-hour and daily timeframes offer a broader view of the overall market trend, and sometimes stronger support (previous low) and resistance (previous high) levels become highly effective upon retesting, often indicating a trend reversal! 4. Identify two candlestick wicks that can be connected to form a trendline. This trendline can be used to predict the next price level, i.e., the extension line and the third intersection of the candlestick wick. The probability of a trend reversal is usually higher when this position is touched (as shown in the diagram). 5. Leveraging the reversal characteristics mentioned above, determine stop-loss positions and leverage size. For example, in the illustration, we choose to enter a short position at the price of 42,632 (marked by the red arrow). The stop-loss can be placed at 42,922. This is because, if the direction is incorrect, the price must first break through the orange trendline and the white resistance above – two hurdles – to protect the initial capital.
Trading Rules Lesson 2 1. Most of the time in trading is spent waiting – waiting for prices to reach favorable levels. The market predominantly remains in a consolidation phase, and when a trend occurs, it often happens in an instant. Utilize limit orders to anticipate potential price levels by placing orders in advance or monitor the market closely, entering at an appropriate position when the price reaches a suitable level using market orders. 2. Use support, resistance, trendlines, and Fibonacci retracements to identify entry points. Typically, when the price touches these levels, there is a higher probability of a reversal. Take advantage of these characteristics to generate profits. 3. Different timeframes on candlestick charts, such as 15 minutes, one hour, four hours, and daily, serve as technical analysis time scales. The 15-minute timeframe provides more detailed information for precise entry points, especially suitable for short-term trading. The four-hour and daily timeframes offer a broader view of the overall market trend, and sometimes stronger support (previous low) and resistance (previous high) levels become highly effective upon retesting, often indicating a trend reversal! 4. Identify two candlestick wicks that can be connected to form a trendline. This trendline can be used to predict the next price level, i.e., the extension line and the third intersection of the candlestick wick. The probability of a trend reversal is usually higher when this position is touched (as shown in the diagram). 5. Leveraging the reversal characteristics mentioned above, determine stop-loss positions and leverage size. For example, in the illustration, we choose to enter a short position at the price of 42,632 (marked by the red arrow). The stop-loss can be placed at 42,922. This is because, if the direction is incorrect, the price must first break through the orange trendline and the white resistance above – two hurdles – to protect the initial capital. If aiming to limit losses to less than -10%, consider opening positions with leverage around 10-15 times, and each opening must be carefully calculated. For taking profits, consider observing the support at 41,377 in the downward direction.
1. Before engaging in any trades, learn to research investment targets, analyze market capitalization, token economics, and calculate the token supply to gauge its future growth potential.
2. Master technical analysis, understanding how support, resistance, and trendlines function and manifest in the market. Combine this with volume-price analysis to evaluate if the project is a current market standout.
3. Cultivate a positive mindset. Understand the risks and potential losses associated with trading before contemplating potential gains.
4. Learn how to calculate position size, when and how to enter a trade, and where to set stop-loss orders. Consider why these setups are chosen and determine where to place take-profit orders (usually near support/resistance levels or trendlines).
5. Determine the appropriate leverage for contract trading. Calculate the acceptable risk based on stop-loss placement and adjust leverage accordingly, aiming for a favorable risk-reward ratio in your trades.
Subsequent lessons will provide more detailed explanations, including specifics on opening positions and commonly used trading techniques. To be continued!