5 Min Chart Patterns for Beginners: How to Make $50 Daily in Crypto Trading!
5 Min Chart Patterns for Beginners: How to Make $50 Daily in Crypto Trading!
This guide covers essential chart patterns for beginners in crypto trading, which can help you make consistent daily profits—potentially around $50—with disciplined application. Let's review these patterns and the best ways to use them:
1. Continuation Patterns: Ride the Trend
Bullish Flag: Signals continuation of an upward trend after a pause. When the price breaks above the flag, it’s time to enter a long trade. Place your stop-loss below the flag’s lower boundary.
Bearish Flag: Opposite of the bullish flag. A brief upward consolidation in a downtrend followed by a breakdown offers an opportunity for short trades.
Ascending and Descending Triangles: Ascending triangles are bullish; they break out above resistance. Descending triangles are bearish, breaking below support. Enter the trade when the breakout is confirmed.
2. Neutral Patterns: Wait for the Breakout
Symmetrical Triangle: Indicates a decrease in volatility and price consolidation. Breakouts can go either way, so enter the trade after the price confirms its direction by breaking a trendline.
Megaphone Pattern: Price moves within expanding trendlines, suggesting high volatility. This can break out in either direction, making it essential to wait for confirmation before entering a trade.
3. Reversal Patterns: Spot the Trend Change
Head and Shoulders: A classic bearish reversal pattern. When the price breaks below the neckline, it signals a move downward. A bullish inverse version signals an upward reversal.
Double Top and Double Bottom: Double tops are bearish (two peaks at the same resistance), signaling the end of an uptrend. Double bottoms are bullish (two troughs at the same support) and indicate a potential upward reversal.
Cup and Handle: A bullish pattern where a rounded bottom (the cup) forms, followed by a small dip (the handle). When the price breaks above the handle, it signals a potential upward move.
4. Special Patterns: Unique Opportunities
Falling Wedge and Rising Wedge: These indicate narrowing price action. The falling wedge suggests a potential upward breakout, while the rising wedge hints at a downward move. Enter when the price breaks out of the wedge.
Gartley and Cypher: These are more complex harmonic patterns that indicate precise reversal points. Use them with additional indicators for confirmation.
5. Trading Tips for Beginners: How to Maximize Profits
Wait for Confirmations: Confirm a pattern breakout before trading to avoid false signals.
Set Stop-Loss Orders: Protect your trades by setting stop-loss orders below support or the pattern's boundaries.
Manage Risk: Only trade with money you can afford to lose, aiming for consistent, small profits.
Avoid FOMO: Be patient, and don’t chase trades. Opportunities will always arise in the market.
Use Additional Indicators: Combine chart patterns with indicators like the RSI (Relative Strength Index) or moving averages for better accuracy.
By mastering these chart patterns and following disciplined strategies, beginners can make informed trading decisions, potentially earning $50 or more daily while minimizing risks.
(retrouvez 24 leçons de philosophie Warren BUFFETT pour gagner en Bourse pour seulement 18,50 $/€/X)
1 Régler n °1 : ne jamais perdre d'argent- Règle n°2 : Ne jamais oublier la régle n°1 Warren BUFFETT n'aime pas prendre de risques. La perte d'argent est un retour en arrière, c'est pourquoi l'investisseur rigoureux refusera de prendre le moindre de risque de perdre du capital. 2 - Investissez à long terme Choisir une action est un mariage pour Warren BUFFETT. Vous ne divorcez pas dès que vous trouvez une autre femme séduisante. "Si vous n'êtes pas prêt à garder une action pendant 10 ans, ne songez même pas à la garder 10 minutes" nous dit BUFFETT.
3 - N'écoutez pas les rumeurs et sachez saisir les opportunités Trop de gens boivent les paroles des "prévisionnistes". Mais Warren BUFFETT pense que cela est une perte de temps. Pour investir en Bourse, il faut se baser sur des faits et non sur des "craintes" ou des "espoirs. 4 - Prendre une décision par an Selon Warren BUFFETT, être hyperactif en Bourse n'est pas bon. Si vous êtes de ceux-là, vos résultats risquent de rester médiocres. D'une part parce que vous allez payer des frais de transactions à chaque ordre que vous allez passer, ce qui va impacter votre rendement, mais également parce que vous devrez vous acquitter de l'impôt sur la plus-value (si vous faites une plus-value). Ces deux ponctions peuvent avoir des résultats catastrophiques à long terme sur le rendement d'un portefeuille d'actions. 5 - Investissez dans des entreprises que vous comprenez (faisant partie de votre cercle de compétence). Il est indispensable d’investir dans des entreprises que vous connaissez et dont vous comprenez le business. Si le secteur est trop compliqué pour vous, c’est que la société est en dehors de votre cercle de compétence, passez votre chemin !
6 - Si vous vous êtes trompé, n’insistez pas, vendez ! Perdre de l’argent sur certains investissements et quasi inévitable. C’est parfois faire preuve d’intelligence que de vendre des actions à perte lorsqu’on estime que la société n’a plus de potentiel de développement suffisant ou que l’on a fait une erreur de jugement.
7 - Si vous ne parvenez pas à faire une estimation, même approximative, des profits futurs d’une société cotée, oubliez ! Le cours d’une action reflète les performances financières d’une entreprise. Par conséquent, un investisseur doit rechercher une entreprises capable d’améliorer ses profits (augmenter le volume de ses ventes, augmenter ses prix, créer de nouveaux produits etc…). Une analyse rigoureuse du secteur, des concurrents, du management, des perspectives, doit être effectuée.
8 - Le fait qu’une action se soit appréciée dernièrement n’est jamais une raison valable pour l’acheter. Suivre le « troupeau » n’est pas la solution pour gagner de l’argent en Bourse. Vous devez penser par vous-même.
9 - Vous n'avez pas raison ou tort parce que d'autres sont d'accord avec vous. Vous avez raison parce que vos faits sont exacts et votre raisonnement est juste. Tout est dit.
10 - Quelqu’un est assis à l’ombre aujourd’hui parce que quelqu’un a planté un arbre il y’a longtemps. Warren BUFFETT ne se fixe aucun horizon pour investir. Il est d’une extrême patience. En matière d’investissement, il faut laisser le temps faire son œuvre…
11 - Tous les 10 ans environ, le ciel de l'économie se couvre de nuages noirs et il en tombe brièvement une pluie d'or. Les indices boursiers vont continuer de progesser, mais parfois, il y aura des paniques qui feront plonger les cours de manière temporaire. En tant qu'investisseur, il faut saisir ces opportunités d'acheter à bas prix.
12 - Soyez avides quand les autres sont craintifs et craintifs quand les autres sont avides. Warren BUFFETT aime acheter des actions quand les autres n'en veulent plus, il les ramasse alors à un cours inférieur à leur valeur intrinsèque. En procédant ainsi sur une longue période, il s'est constitué un portefeuille d'actions extrêmement performant.
Maintenant que vous avez pris connaissance des conseils de Warren BUFETT, prenez connaissance du phénomène desintérêts composés. ********* Ce que j’aime bien, il a corrigé quelque chose très important: Il faut jamais se marier avec un ou plusieurs actions. Si une action n’est plus rentable. Il faut pas laisser côté votre sentiment même si vous avez gagné beaucoup de cette action, les actions sont pareilles, ils ont pas des sentiments!!! J’apprécie énormément cette homme car Satoshi Nakamoto ou les S.N ils étaient les ingénies avec une bonne algorithme qui est extraordinaire et bien reçu ça pourrait arriver un jour à l’autre mais les gens comme Sir Warren BUFFETT sont philosophe en bourse qui sont très rares et rares réussi. Leurs richesses se trouve sur cette page et pas sur son compte en banque, avec cette richesse pouvez aussi réussir mais ne seulement en lisant aussi en pratique et tester avec un petit budget. N’hésitez surtout pas franchir les lignes de Sir Warren BUFFETT et faites une mise en jour par rapport au passé, futur et surtout aujourd’hui. Vous pourriez être encore meilleur que les autres. Ce qui me concerne j’aime bien écrire et ça peut aider une seule personne j’ai aussi réussi. Bonne continuation
The market is increasingly bullish. Here's a selection of tokens that printed a bullish MACD crossover on the daily chart. This signal typically indicates a strong bullish trend and is often used as an entry signal.
The post Top Memecoin To Turn $10K into $1M By End Of 2024 appeared first on Coinpedia Fintech News
Dreaming to become a millionaire, here’s one coin that promises that! Neiro (NEIRO) has burst onto the crypto scene, quickly climbing the ranks to become a top 25 meme coin on the Ethereum blockchain. This rapid ascent follows its recent debut on major exchanges like Binance, Crypto.com, HTX, and OKX. Despite a sluggish market, Neiro’s standout performance and impressive price gains have captured significant attention.
With this boost, the Ethereum-based altcoin has skyrocketed, delivering over a 10X return to its long-term investors within just a month. Naturally, questions like “Why is NEIRO’s price skyrocketing?” and “How high can Neiro Ethereum go?” are flooding the internet.
Will NEIRO Price Hit A New ATH This Year?
Turn 10K into $1M, If?
Neiro Ethereum (NEIRO), a new dog-themed memecoin on Ethereum, has taken the crypto world by storm with a staggering 1,500% surge in just the past month. The excitement around Neiro has sparked some bold predictions. Analyst MoneyLord, known for his insights on X, believes that Neiro could mirror the success of DOGE and SHIB.
There is nothing compared to $NEIRO narrative The only thing you can compare $NEIRO to is $DOGE and $SHIBYour 10-20k$ investment today could be worth 1-2m$ by Christmas If $WIF went to 5B, $NEIRO could easily get to 10-20B based on the Narrative as $DOGE sister This is…
— MoneyLord (@moneyl0rd) September 9, 2024
MoneyLord highlighted that investing $10,000 in Neiro could potentially turn into over $1 million by year-end, though this 9,900% increase is speculative. He also suggested that Neiro might exceed a $20 billion market cap if dogwifhat (WIF) hits $5 billion, thanks to its “sister” narrative with Dogecoin.
The Crypto Kazi’s Stamp of Approval
Adding to the buzz, analyst The Crypto Kazi is also bullish on Neiro. He envisions Neiro as the next big thing, potentially surpassing SHIB and DOGE in this market cycle. Neiro’s recent surge to $0.1914, with a 24.19% increase in the last 24 hours and a staggering 459.41% rise over the past week, reinforces this optimistic view.
A significant boost matches the token’s impressive price movement in trading volume, which recently hit $73,625,789. This surge in interest from investors suggests that Neiro’s momentum is likely to continue.
Community and Whale Backing: Fueling the Fire
Neiro’s success is not just about numbers. Influential figures like Momin Saqib, co-founder of Web3Pak and Web3Works, credit Neiro’s vibrant community and major exchange support for its rise. Plus, whale insiders revealed, that big bulls including market maker Wintermute, have invested heavily in Neiro, further fueling speculation about its potential. Currently, Wintermute holds the 5.74M NEIRO tokens worth $957K, about 0.5% of the total supply.
What Next in Neiro Price?
The bulls are revving up, aiming to smash through Neiro Ethereum’s resistance at $0.190 soon. If they hold strong, a test of the crucial $0.2425 level could be on the horizon this month. But if the bears take over, Neiro might slip back to $0.1365 and could even dive to $0.080 in the weeks ahead.
What Users Need to Know About the Upcoming Removal of Five Cryptocurrencies?
Binance, one of the world's leading cryptocurrency exchanges, has announced the delisting of five digital assets from its platform, effective August 26, 2024. The affected tokens are ForTube (FOR), Ellipsis (EPX), Voyager Token (VGX), PowerPool (CVP), and Reef (REEF). This decision is part of Binance's regular review process to ensure that all listed assets meet the exchange's high standards of performance and compliance. Why Delisting Matters Delisting can have significant implications for users holding these assets. Once removed from Binance, these tokens will no longer be available for trading or conversion on the platform. Users must take necessary actions before the delisting date to avoid potential losses. What Users Should Do If you hold any of the affected assets in your Binance account, follow these steps: 1. Withdraw or Convert Your Assets: Withdraw your holdings or convert them into other assets listed on Binance before the delisting occurs. 2. Stay Informed: Keep an eye on further announcements from Binance, as delisting may affect wallet services. 3. Consider External Wallets: If you plan to hold onto these assets, transfer them to an external wallet that supports these cryptocurrencies. 4. Evaluate Market Options: Explore other exchanges that may list these tokens, but exercise caution and ensure the platform has a solid reputation and liquidity. Reasons for Delisting Binance's decision to delist these tokens likely stems from several factors: 1. Low Trading Volume: Consistent decline in trading volume may signal waning interest from the community. 2. Lack of Development Activity: Tokens that fail to show ongoing development or improvement often fall out of favor. 3. Regulatory Concerns: Regulatory issues might influence delisting, especially if a token no longer aligns with Binance's compliance standards. 4. Market Performance: Significant declines in price and market cap can indicate a project's unsustainability. Final Thoughts Delistings are a routine part of the cryptocurrency exchange ecosystem, necessary to maintain a healthy trading environment. If you hold any of the affected tokens, act before the delisting date to navigate this transition smoothly. Stay informed and monitor Binance's official channels for further updates. #BinanceDelisting #Cryptoassets #DelistingAlert #AssetProtection
Crypto 80/20 Rule: Balancing Risks with Altcoin Potential
Only 1 out of 20 fundamental coins will be in demand.
Only 1 out of 100 community coins will succeed.
Only 1 out of 500 constantly discussed coins will pump.
Only 1 out of 10,000 memecoins will reach the top 500 market cap list.
Crypto is, more than anything, a game of probability. But, everyone chooses how to manage their capital.
If you decide to select just one project from each category, your chances of success are as follows:
- In Fundamental coins: 5%- In Community coins: 1%
- In Constantly discussed coins: 0.2%- In Memecoins: 0.01%
Choosing 10 fundamental projects gives you about a 50% chance of success.
Choosing 10 memecoins gives you only a 1% chance of success. Think about it.
If you still don't understand how to balance risk, this article is for you ⇩ 80% of Portfolio in fundamental coins gives a better shot at 10x returns...
But 20% of Portfolio in degen plays is more likely to deliver 100x....
Nighttime thoughts that have lingered me for months....
This market forces us to be flexible.
If you were expecting an altseason in the summer but now realize it might come in the fall/winter/next year, you HAVE to work with your positions.
I'll start in order.
1. Market cap is rising while prices are falling.
Few people notice this, but it shouldn't be overlooked.
The $IMX chart illustrates this perfectly.
The price is still far from its ATH, yet the market cap is already significantly higher than it was at the ATH price.
As unlocks continue to happen, it's important to consider this factor when choosing which coin to invest in for the altseason.
✘ Market cap doesn't necessarily have to grow.
✓ The coin should have potential for further growth, considering the market capitalization expansion.
● Either the next unlocks should either be long after the altseason begins.But I think at the start of the altseason, most will wonder why their coin isn't pumping? - You guys probably forgot to check the market cap.
2. Portfolio management: The 80/20 approach.
The current market is very different from what we've seen before.
The altseason is NOT PUMPING ALL coins at 100x.
- 80% of the portfolio in strong, fundamental coins- 20% in degen play and venture ideas
Referring back to the initial thought:
➜ Allocating 80% to fundamental coins offers a higher probability of returns with significantly LOWER risk.
Investing the remaining 20% in degen play: high-reward plays could either result in rekt or gain 10-100x returns. If 80% of your investments are successful (they MUST be successful, you MUST reduce risk), then losing the initial 20% still leaves you with a substantial profit. Even if just one position out of the 20% is successful, you can earn as much as you would with your 80% in fundamental coins.
Here's a simple example:
✓ With $8,000, you buy a fundamental asset and achieve a 10x return, resulting in $80,000.
✓ With $2,000, you invest in 10 memecoins at $200 each. If one of them gives you a 500x return and the others are worthless, your profit is ~$100,000.
At the peak of the alt season, your total portfolio will be $180,000.
Yes, it's a rough calculation and being lucky helps, but you:
- Geopolitics is affecting crypto more than ever - There are many experienced participants in the market
The mass adoption we've been dreaming of is ultimately what's ruining us.
As a result, the manipulator/big player needs more time to execute their plan to extract money from the market.
The market will start to rise out of total frustration; however, I am not seeing that yet....
Here are the two options I am considering:
● Option #1 Altseason: Fall 2024 - Winter 2025. That is, it will roughly repeat the pattern of the last cycle.
● Option #2
Altseason: Spring 2025 - Summer 2025
Many people will likely dislike this option and provide numerous reasons why it won't work.
Ultimately, it's up to you, guys. I adapt to the market and adjust my decisions20:44based on the situation.
4. Why it is important to be flexible:
➜ Being flexible helps you stay psychologically calm during market turmoil and euphoria, reducing the likelihood of mistakes. Often, people strongly believe in one investment, put all their money into it, and refuse to consider other important factors.
➜ Your coin is about to unlock another 50% of its total supply, but the altcoin season is nowhere in sight.
It is worth thinking about, perhaps it is time to abandon this position if you are not sure about the future prospects.
➜ The market is cyclical but evolving. Most investment books are outdated, and it's important to recognize this.
If your goal is to maximize capital annually rather than just making long-term $BTC purchases for a wealthy retirement, you need to be flexible.
That's all for today.
I'm in this market to grow my capital, which is why I monitor and analyze market trends every week to make timely decisions.
Don't blindly follow others' advice, and avoid becoming a stubborn maxi.
For 5 years, I struggled until I understood how to trade alts. Here's my strategy
Before I begin, I have a favor to ask...
I spent a lot of time writing this thread, trying to make it genuinely useful for you, so if it's not too much trouble, please bookmark it, retweet, leave a comment, or simply hit like 🤍
Over the last year, I made $2.8M from $1k with crypto
Most of the profit came from trading, and not by $BTC or $ETH, but by trading altcoins
Today I want to reveal my strategy for how to spot gems:
. They simply buy a coin and don't even know when to book profits. The result? They regret not selling and get demotivated. In this post, I have discussed profit booking strategies that can help you in this bull run: First up - why is having a take profit strategy so important? In the fast-moving crypto markets, massive gains can appear then disappear quicker than you can blink. You've gotta lock in returns through occasional profit-taking or risk watching your portfolio get wrecked. The basics are simple enough - set predefined target prices where you plan to sell portions of your holdings. But blindly using fixed targets without adaptability can get you stuck missing out on big gains or retaining large losses. Here are some pro tips to level up your profit-taking approach: 1️⃣ Scale out of positions across multiple incremental targets on the way up. For example, sell 20% of your tokens at 2x, 30% more at 5x, and let the remaining 50% ride further. This allows continued upside exposure while realizing some gains. 2️⃣ Trail protective stop loss orders upwards as the price climbs to lock in gains. But don't get stopped out prematurely - use patience and wiggle room. 3️⃣ Closely monitor price action and indicators for signs of trend exhaustion. Look for bearish divergence on the RSI, volume drying up, loss of momentum, etc., and prudently take some profits off the table. 4️⃣ If the overall crypto market starts looking shaky, take some chips off the table to stabilize your portfolio. You can always re-enter on dips as conditions improve. 5️⃣ Rebalance by rotating profits from individual coins into stable placeholder assets like USDT, UST, or BTC. This keeps you invested in crypto's growth while reducing risk. Beyond the technical tips, market psychology and discipline around greed/fear are just as important. Some final tips: ✔️ Don't beat yourself up over not selling at the very peak. Profit-taking requires flexibility and accepting you won't time peaks perfectly. ✔️ Think long-term. Compounding moderate gains outperforms sporadic home runs. Slow and steady wins the race. ✔️ Learn from both successes and mistakes. Review outcomes dispassionately to continuously improve your profit-taking skills. At the end of the day, profit-taking is not about perfectly selling every top. It's about steadily accumulating gains to reach your financial goals, regardless of day-to-day volatility. With the right mindset and strategically layered tactics, you can build life-changing wealth in the market. All the best, let's print life and wife changing money this bull run! 🚀 #ProfitTaking #Write2Earn! #BinanceTurns7 #cryptotips #BullRunAhead $BTC
Liste des Altcoins qui augmenteront lorsque Bitcoin atteindra 70 000 $ L'article Liste des Altcoins qui augmenteront lorsque Bitcoin atteindra 70 000 $ apparaît en premier sur Coinpedia Fintech News Lors du Dylan's Trading Show de Crypto Banter, l'analyste a déclaré que le prochain objectif pour Bitcoin est de 70 000 $, surtout si des nouvelles positives émergent de la conférence BTC. En résumé, il a déclaré que les perspectives sont très optimistes pour BTC, avec des niveaux critiques à surveil
Incroyable Nouvelle ! CZ bientôt libre et son prochain projet promet de faire x100 ! 🚀🔥 Incroyable Nouvelle ! 🔥🚀 CZ bientôt libre et son prochain projet promet de faire x100 ! La SEC a discrètement clos l'enquête sur Binance. CZ sera libéré de prison le mois prochain et a déjà révélé un projet qui pourrait exploser de 100x. Le volume de la chaîne a grimpé de 6000% depuis juin.
Vous n'avez pas besoin de boule de cristal pour deviner ce qui se prépare👇🧵
▫️ Le 11 juillet, la SEC a officiellement terminé son enquête sur l'émetteur de stablecoin de Binance ;
▫️ Récemment, un juge américain a rejeté les accusations contre CZ, qui devrait revenir prochainement ;
▫️ Depuis juin, le volume et la dominance de la chaîne BNB sont en constante augmentation. La décision de la SEC marque un tournant crucial pour l'industrie crypto, et particulièrement pour Binance.
Avec ces trois éléments réunis, on peut s'attendre à une croissance fulgurante de Binance et de l'écosystème BNB après le retour de CZ au troisième ou quatrième trimestre de 2024. Les initiés misent déjà énormément sur $BNB et sa dominance ne cesse de croître.
😱🚀🚀Promesse d'achat de Bitcoin de 615 milliards de dollars du candidat à la présidentielle américaine Kennedy 🇺🇲 Kennedy a promis dans une interview que s'il devenait président, il achèterait du Bitcoin pour la valeur des réserves d'or du pays. La valeur totale des réserves des États-Unis, le plus grand pays au monde en termes de réserves d'or, est d'environ 615 milliards de dollars... #RobertKennedyJr F. Kennedy Jr., l'un des #US candidats à la présidentielle, a fait une nouvelle promess
In the past few months I have been actively playing future trading, I see that all these coins are connected to each other,... for example, when BITCOIN goes down everything goes down when bitcoin goes up everything goes up, so how can coins be used as an investment, if all coins depend on BITCOIN. why are there so many coin variants if the Increase and decrease are connected, I think THIS MARKET is controlled according to the wishes of the authorities. #TipsTradingFutures #Binance #BTC $BTC
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