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$BTC #bitcoinhalving
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Here is a brief overview of the Bitcoin price history from 2010 to 2023 ¹ ² ³:
- *2010:* The price of Bitcoin started at less than $0.10, then rose to $0.30 by the end of the year.
- *2011:* Bitcoin started growing past $1, reaching a peak of $29.60 on June 8, 2011, then dropped to $5 by the end of the year.
- *2012:* Bitcoin increased by a few dollars.
- *2013:* Bitcoin began the year trading at $13, crossed $100 by April, then $200 by October, and closed out the year at $732.
- *2016:* Prices slowly climbed through 2016 to over $900 by the end of the year.
- *2017:* Bitcoin's price hovered around $1,000 until it broke $2,000 in mid-May and then skyrocketed to close at $19,188 on Dec. 16.
- *2020:* Bitcoin's price closed at $28,993 on Dec. 31.
- *2021:* Bitcoin reached an all-time high price of over $64,895 on April 14, 2021, then again reached an all-time high of $69,000 on November 10, 2021.
- *2022:* Bitcoin's price continued to gradually decline, with closing prices only reaching $47,459 by the end of March before falling further to $29,000 on May 11, then below $20,000 by the end of 2022.
- *2023:* Bitcoin opened 2023 at a price of $16,530, then rose consistently throughout 2023, ending the year at $42,258.
#BTC🔥🔥🔥🔥🔥🔥 #bitcoinhakving
- *2010:* The price of Bitcoin started at less than $0.10, then rose to $0.30 by the end of the year.
- *2011:* Bitcoin started growing past $1, reaching a peak of $29.60 on June 8, 2011, then dropped to $5 by the end of the year.
- *2012:* Bitcoin increased by a few dollars.
- *2013:* Bitcoin began the year trading at $13, crossed $100 by April, then $200 by October, and closed out the year at $732.
- *2016:* Prices slowly climbed through 2016 to over $900 by the end of the year.
- *2017:* Bitcoin's price hovered around $1,000 until it broke $2,000 in mid-May and then skyrocketed to close at $19,188 on Dec. 16.
- *2020:* Bitcoin's price closed at $28,993 on Dec. 31.
- *2021:* Bitcoin reached an all-time high price of over $64,895 on April 14, 2021, then again reached an all-time high of $69,000 on November 10, 2021.
- *2022:* Bitcoin's price continued to gradually decline, with closing prices only reaching $47,459 by the end of March before falling further to $29,000 on May 11, then below $20,000 by the end of 2022.
- *2023:* Bitcoin opened 2023 at a price of $16,530, then rose consistently throughout 2023, ending the year at $42,258.
#BTC🔥🔥🔥🔥🔥🔥 #bitcoinhakving
$ENA
##ENAUSDT🚨
#StartInvestingInCrypto
#altcoins
#bitcoinhalving
Here we are again , You all remember the false and misleading predictions from too many writers that $ENA is going to fall .
Now the market chart shows the real price chart for $ENA .
for sure it might fall but it will raise higher.
##ENAUSDT🚨
#StartInvestingInCrypto
#altcoins
#bitcoinhalving
Here we are again , You all remember the false and misleading predictions from too many writers that $ENA is going to fall .
Now the market chart shows the real price chart for $ENA .
for sure it might fall but it will raise higher.
Totally agree
Disagree
2 dia(s) restante(s)
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Crypto Insiders
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Understanding candles - How To Grow Your Trading Accuracy - Practical Tutorial
Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Hence, intraday traders try to either purchase a cryptocurrency at a low price and sell it higher or short-sell a cryptocurrency at a high price and buy it lower within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply among other factors.
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.
What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:
As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow
Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:
How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.
Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.
Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.
Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.
Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.
Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.
Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.
Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.
Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.
Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.
Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.
Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.
Happy trades and successful investments!
#Write2Earn #Bitcoin #Binance
$BTC
$ETH
$SOL
$BNB
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.
What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:
As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow
Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:
How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.
Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.
Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.
Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.
Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.
Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.
Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.
Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.
Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.
Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.
Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.
Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.
Happy trades and successful investments!
#Write2Earn #Bitcoin #Binance
$BTC
$ETH
$SOL
$BNB
$NOT
Notcoin's Rise in Market Value and Capitalization
Notcoin has experienced a noteworthy upswing in both price and market capitalization in recent days. As of June 1, 2024, its price hovered around $0.016, reflecting a remarkable increase of over 30% within the last 24 hours. This price surge has been accompanied by a corresponding rise in market capitalization, currently sitting at approximately $1.6 billion, positioning Notcoin among the top 70 cryptocurrencies. Additionally, trading activity has witnessed a significant surge, with a 24-hour volume exceeding $1.4 billion, indicating a substantial increase in investor interest.
Important Considerations
While Notcoin's recent performance suggests a positive trend, it's crucial to acknowledge the inherent volatility of the cryptocurrency market. Prices can fluctuate rapidly, and past performance is not necessarily indicative of future results. A comprehensive evaluation, incorporating an understanding of Notcoin's underlying fundamentals, potential use cases within the crypto ecosystem, and the broader market landscape, is essential before making any investment decisions.
here's an analysis of the Notcoin market targeting a price of $0.02
Price Increase Required: To reach $0.02, Notcoin needs a price increase of approximately 25.00%. This translates to a rise of $0.0040 from its current price of $0.016 (as of June 1, 2024).
Market Cap Impact: If Notcoin reaches $0.02, its market capitalization would climb to roughly $2 billion, assuming the total number of coins in circulation remains constant. This would potentially place Notcoin among the top 50 cryptocurrencies.
Important Considerations:
The cryptocurrency market is highly volatile, and Notcoin's price could fluctuate significantly.
Reaching $0.02 depends on various factors, including investor sentiment, trading activity, and overall market trends.
Conduct thorough research before making any investment decisions.
#Notcoin👀🔥
#NOTCOİN
Notcoin's Rise in Market Value and Capitalization
Notcoin has experienced a noteworthy upswing in both price and market capitalization in recent days. As of June 1, 2024, its price hovered around $0.016, reflecting a remarkable increase of over 30% within the last 24 hours. This price surge has been accompanied by a corresponding rise in market capitalization, currently sitting at approximately $1.6 billion, positioning Notcoin among the top 70 cryptocurrencies. Additionally, trading activity has witnessed a significant surge, with a 24-hour volume exceeding $1.4 billion, indicating a substantial increase in investor interest.
Important Considerations
While Notcoin's recent performance suggests a positive trend, it's crucial to acknowledge the inherent volatility of the cryptocurrency market. Prices can fluctuate rapidly, and past performance is not necessarily indicative of future results. A comprehensive evaluation, incorporating an understanding of Notcoin's underlying fundamentals, potential use cases within the crypto ecosystem, and the broader market landscape, is essential before making any investment decisions.
here's an analysis of the Notcoin market targeting a price of $0.02
Price Increase Required: To reach $0.02, Notcoin needs a price increase of approximately 25.00%. This translates to a rise of $0.0040 from its current price of $0.016 (as of June 1, 2024).
Market Cap Impact: If Notcoin reaches $0.02, its market capitalization would climb to roughly $2 billion, assuming the total number of coins in circulation remains constant. This would potentially place Notcoin among the top 50 cryptocurrencies.
Important Considerations:
The cryptocurrency market is highly volatile, and Notcoin's price could fluctuate significantly.
Reaching $0.02 depends on various factors, including investor sentiment, trading activity, and overall market trends.
Conduct thorough research before making any investment decisions.
#Notcoin👀🔥
#NOTCOİN
$NOT
Flying or Crashing 😎😎
A few minutes ago $NOT reach a new record above 0.018
share your thoughts and opinions
Flying or Crashing 😎😎
A few minutes ago $NOT reach a new record above 0.018
share your thoughts and opinions
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Binance Square Official
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🚀 Launch Alert: Write to Earn!
You can now earn rewards for posting content on Binance Square! Register now and let your words generate a 5% commission on your readers' trading fees for you.
Full details about the Write to Earn campaign here.
Additionally, you can level up to unlock higher commissions and gain access to more exclusive benefits on Binance Square. Learn more about the tiered rewards benefits here
You can now earn rewards for posting content on Binance Square! Register now and let your words generate a 5% commission on your readers' trading fees for you.
Full details about the Write to Earn campaign here.
Additionally, you can level up to unlock higher commissions and gain access to more exclusive benefits on Binance Square. Learn more about the tiered rewards benefits here
one of the best practical Tutorials For all the new traders , it will help you to understand and trading game.
#BinanceExplorers
$BTC $BNB $SOL
#BinanceExplorers
$BTC $BNB $SOL
LIVECrypto Insiders
--
Understanding candles - How To Grow Your Trading Accuracy - Practical Tutorial
Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Hence, intraday traders try to either purchase a cryptocurrency at a low price and sell it higher or short-sell a cryptocurrency at a high price and buy it lower within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply among other factors.
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.
What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:
As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow
Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:
How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.
Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.
Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.
Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.
Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.
Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.
Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.
Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.
Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.
Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.
Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.
Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.
Happy trades and successful investments!
#Write2Earn #Bitcoin #Binance
$BTC
$ETH
$SOL
$BNB
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.
What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:
As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow
Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:
How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.
Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.
Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.
Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.
Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.
Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.
Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.
Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.
Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.
Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.
Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.
Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.
Happy trades and successful investments!
#Write2Earn #Bitcoin #Binance
$BTC
$ETH
$SOL
$BNB
Market Value: ENA's market value, around $1.3 billion as of May 24, 2024, reflects the total value of all circulating ENA tokens. This suggests a moderately sized project within the cryptocurrency market.
Market Cap: ENA's market cap is a product of its circulating supply (roughly 1.52 billion tokens) and current price (approximately $0.85 USD). Market cap offers a general idea of a cryptocurrency's market dominance and potential for growth.
Market Volatility: ENA's recent price movements indicate some volatility. While it experienced a weekly gain of about 14%, it has also seen a monthly decline of roughly 11%.
Recent Fluctuations: ENA, the token that powers the Ethena DeFi protocol, has exhibited some recent price volatility. As of May 24, 2024, it trades around $0.85-$0.906 USD.
Weekly Gains: Over the past week, ENA has shown positive performance with a price increase of approximately 14%.
Monthly Decline: However, zooming out to the monthly view reveals a different picture. ENA's price has dipped by about 11% in the last 30 days.
All-Time High: In April 2024, ENA reached its all-time high of around $1.51 USD. This indicates significant price appreciation since then.
Volatility & Monitoring: ENA's price movements suggest a somewhat volatile market. To stay informed about ENA's price action and make sound investment decisions, consider using cryptocurrency data aggregators. platforms provide valuable resources like real-time charts and historical price data for ENA and a vast array of other cryptocurrencies.
$ENA
$BTC C $BNB #ENAUSDT🚨 #Cyber-Mersal
Market Cap: ENA's market cap is a product of its circulating supply (roughly 1.52 billion tokens) and current price (approximately $0.85 USD). Market cap offers a general idea of a cryptocurrency's market dominance and potential for growth.
Market Volatility: ENA's recent price movements indicate some volatility. While it experienced a weekly gain of about 14%, it has also seen a monthly decline of roughly 11%.
Recent Fluctuations: ENA, the token that powers the Ethena DeFi protocol, has exhibited some recent price volatility. As of May 24, 2024, it trades around $0.85-$0.906 USD.
Weekly Gains: Over the past week, ENA has shown positive performance with a price increase of approximately 14%.
Monthly Decline: However, zooming out to the monthly view reveals a different picture. ENA's price has dipped by about 11% in the last 30 days.
All-Time High: In April 2024, ENA reached its all-time high of around $1.51 USD. This indicates significant price appreciation since then.
Volatility & Monitoring: ENA's price movements suggest a somewhat volatile market. To stay informed about ENA's price action and make sound investment decisions, consider using cryptocurrency data aggregators. platforms provide valuable resources like real-time charts and historical price data for ENA and a vast array of other cryptocurrencies.
$ENA
$BTC C $BNB #ENAUSDT🚨 #Cyber-Mersal
Above 1$
67%
0.800 $- 0.900 $
18%
below 0.800 $
15%
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Price reach 1$
30%
Price struggling 0.8 $ - 0.7$
30%
Price below 0.7$
40%
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#Bitcoin❗️
$BTC $BNB $SOL
The cryptocurrency market is currently experiencing a period of robust stability in 2024, according to Forbes . This means prices haven't been swinging wildly and there's a sense of optimism among investors. Bitcoin, the leading cryptocurrency, is said to be trading in an "extreme greed" zone on the Crypto Fear and Greed Index .
Here's how Bitcoin's price can affect other cryptocurrencies:
Generally, other cryptocurrencies tend to follow Bitcoin's price movement. This is because Bitcoin is the most established cryptocurrency and it's seen as a bellwether for the entire market. So, if Bitcoin goes up, other cryptocurrencies are likely to go up as well, and vice versa.
However, the impact isn't always equal. Altcoins (alternative coins) can be more volatile than Bitcoin. This means their prices can fluctuate more significantly in response to Bitcoin's price movements.
There are a few reasons why this happens:
Investors' risk appetite: When investors are feeling bullish on Bitcoin, they might be more likely to invest in other cryptocurrencies as well. Conversely, when they're feeling bearish on Bitcoin, they might pull out of the entire cryptocurrency market.
Smaller markets: Altcoins generally have smaller market capitalizations than Bitcoin. This means they are more susceptible to swings in supply and demand.
It's important to remember that the cryptocurrency market is still relatively young and evolving. So, while Bitcoin's price can have a significant impact on other cryptocurrencies, it's not the only factor that affects their prices.
#Bitcoin❗️
$BTC $BNB $SOL
The cryptocurrency market is currently experiencing a period of robust stability in 2024, according to Forbes . This means prices haven't been swinging wildly and there's a sense of optimism among investors. Bitcoin, the leading cryptocurrency, is said to be trading in an "extreme greed" zone on the Crypto Fear and Greed Index .
Here's how Bitcoin's price can affect other cryptocurrencies:
Generally, other cryptocurrencies tend to follow Bitcoin's price movement. This is because Bitcoin is the most established cryptocurrency and it's seen as a bellwether for the entire market. So, if Bitcoin goes up, other cryptocurrencies are likely to go up as well, and vice versa.
However, the impact isn't always equal. Altcoins (alternative coins) can be more volatile than Bitcoin. This means their prices can fluctuate more significantly in response to Bitcoin's price movements.
There are a few reasons why this happens:
Investors' risk appetite: When investors are feeling bullish on Bitcoin, they might be more likely to invest in other cryptocurrencies as well. Conversely, when they're feeling bearish on Bitcoin, they might pull out of the entire cryptocurrency market.
Smaller markets: Altcoins generally have smaller market capitalizations than Bitcoin. This means they are more susceptible to swings in supply and demand.
It's important to remember that the cryptocurrency market is still relatively young and evolving. So, while Bitcoin's price can have a significant impact on other cryptocurrencies, it's not the only factor that affects their prices.
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