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Tri star candlestick pattern is a potential trend reversal pattern. The tri star pattern can be bearish as well as bullish. If this pattern is formed on the bottom of the chart, it becomes a bullish pattern and vice versa.
The tri-star pattern is formed when the market experiences a high degree of uncertainty and indecision. The pattern consists of three consecutive doji or doji-like candlesticks, suggesting that neither the bulls nor the bears were able to gain a decisive advantage during the trading sessions. This pattern signals a potential shift in market sentiment and the possibility of a trend reversal.
#Educational
The tri-star pattern is formed when the market experiences a high degree of uncertainty and indecision. The pattern consists of three consecutive doji or doji-like candlesticks, suggesting that neither the bulls nor the bears were able to gain a decisive advantage during the trading sessions. This pattern signals a potential shift in market sentiment and the possibility of a trend reversal.
#Educational
LONG LEGGED DOJI
A long legged doji pattern resembles the indecision between the market participants. A long legged doji pattern can form at the top of the chart as well as the bottom of the chart.
The long-legged doji pattern is created when the open and close prices are nearly identical, but the asset experiences a wide trading range during the session. This shows that the bulls and bears were in a state of equilibrium, unable to establish a clear direction for the market. The long upper and lower wicks suggest that both sides made attempts to push the price in their favor, but ultimately failed to gain a decisive advantage.
#Educational #ScrollOnBinance
A long legged doji pattern resembles the indecision between the market participants. A long legged doji pattern can form at the top of the chart as well as the bottom of the chart.
The long-legged doji pattern is created when the open and close prices are nearly identical, but the asset experiences a wide trading range during the session. This shows that the bulls and bears were in a state of equilibrium, unable to establish a clear direction for the market. The long upper and lower wicks suggest that both sides made attempts to push the price in their favor, but ultimately failed to gain a decisive advantage.
#Educational #ScrollOnBinance
#Educational post
💛Remember: A lot of Hardwork goes into for providing you Best Investment Articles. Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#cryptocurrency #crypto2023 #BTC
💛Remember: A lot of Hardwork goes into for providing you Best Investment Articles. Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#cryptocurrency #crypto2023 #BTC
Pennants and Flags: Unveiling Patterns of Continuation and Reversal!
📈🚩 Pennants and Flags: Unveiling Patterns of Continuation and Reversal!
📊 Attention Traders and Investors!
🔥 Get ready to decode the intriguing world of pennants and flags, revealing opportunities for continuation and reversal
🚩 Pennant patterns, also known as flags, emerge after an asset experiences a period of upward movement, followed by consolidation. The trend begins with a significant increase, followed by smaller upward and downward movements.
📈 Pennants can be either bullish or bearish, and they have the power to represent both continuation and reversal. Today, we focus on the bullish continuation aspect. 🚀💹
💥 Prepare for potential gains! Pennants serve as bilateral patterns, indicating either a continuation or a reversal of the trend.
🚀💹 Seize the moment as the market unfolds! Pennants hold the key to unlocking opportunities for further upward momentum and potentially remarkable profits.
📣 Remember, pennants differ from wedges and triangles in their width and orientation. Wedges are narrower, while pennants maintain a horizontal trajectory.
🌟 Stay informed. Stay ahead. Trade with confidence!
Hey, it's CryptoPatel here!
I'm passionate about providing you with the latest insights and analysis on the world of cryptocurrencies.
If you enjoy my content and want to show your support, please like, share, and follow me for more high-quality updates.
Thank you for your support, and let's continue to stay connected for more exciting content!
LIKE ❤️
Share ⏩
Follow 🤝
#Educational #Tradingstrategy #binancepizza #feedfeverchallenge #googleai
📊 Attention Traders and Investors!
🔥 Get ready to decode the intriguing world of pennants and flags, revealing opportunities for continuation and reversal
🚩 Pennant patterns, also known as flags, emerge after an asset experiences a period of upward movement, followed by consolidation. The trend begins with a significant increase, followed by smaller upward and downward movements.
📈 Pennants can be either bullish or bearish, and they have the power to represent both continuation and reversal. Today, we focus on the bullish continuation aspect. 🚀💹
💥 Prepare for potential gains! Pennants serve as bilateral patterns, indicating either a continuation or a reversal of the trend.
🚀💹 Seize the moment as the market unfolds! Pennants hold the key to unlocking opportunities for further upward momentum and potentially remarkable profits.
📣 Remember, pennants differ from wedges and triangles in their width and orientation. Wedges are narrower, while pennants maintain a horizontal trajectory.
🌟 Stay informed. Stay ahead. Trade with confidence!
Hey, it's CryptoPatel here!
I'm passionate about providing you with the latest insights and analysis on the world of cryptocurrencies.
If you enjoy my content and want to show your support, please like, share, and follow me for more high-quality updates.
Thank you for your support, and let's continue to stay connected for more exciting content!
LIKE ❤️
Share ⏩
Follow 🤝
#Educational #Tradingstrategy #binancepizza #feedfeverchallenge #googleai
#Educational Post
What Is a Sybil Attack?
A Sybil attack is a type of cyber attack where a malicious entity creates and controls multiple fake identities or nodes on a #peer-to-peer network to gain a disproportionate influence over the network. Typically, the attacker creates numerous pseudonymous identities that appear to be distinct entities, aiming to outnumber and overpower the legitimate nodes.
How Sybil Attacks Work
In a Sybil attack, the attacker creates a large number of fake accounts, #nodes , or identities on a network. These fake identities are then used to manipulate the network's operations, voting outcomes, or consensus mechanisms by overwhelming the legitimate nodes.
The attacker often exploits the open and pseudonymous nature of peer-to-peer networks, where identities are cheap to create and difficult to validate. By controlling a majority of nodes, the attacker can potentially censor transactions, reverse transactions (double-spending), or disrupt the network's operations.
$SOL #TopCoinsJune2024 #Binance55thProject(IO) #FIT21 #Metaverse
$FIL $OMG
What Is a Sybil Attack?
A Sybil attack is a type of cyber attack where a malicious entity creates and controls multiple fake identities or nodes on a #peer-to-peer network to gain a disproportionate influence over the network. Typically, the attacker creates numerous pseudonymous identities that appear to be distinct entities, aiming to outnumber and overpower the legitimate nodes.
How Sybil Attacks Work
In a Sybil attack, the attacker creates a large number of fake accounts, #nodes , or identities on a network. These fake identities are then used to manipulate the network's operations, voting outcomes, or consensus mechanisms by overwhelming the legitimate nodes.
The attacker often exploits the open and pseudonymous nature of peer-to-peer networks, where identities are cheap to create and difficult to validate. By controlling a majority of nodes, the attacker can potentially censor transactions, reverse transactions (double-spending), or disrupt the network's operations.
$SOL #TopCoinsJune2024 #Binance55thProject(IO) #FIT21 #Metaverse
$FIL $OMG
Powering Bitcoin...
Visualizing the ⚡Power Consumption of Bitcoin Mining
Cryptocurrencies have been some of the most talked-about assets in recent years, with Bitcoin and Ethereum prices reaching record highs November 2021. These gains were driven by a flurry of announcements, including increased adoption by businesses and institutions.
Lesser known, however, is just how much electricity is required to power the Bitcoin network. To put this into perspective, we’ve used data from the University of Cambridge’s Bitcoin Electricity Consumption Index (CBECI) to compare Bitcoin’s power consumption with a variety of countries and companies.
Vizualized
Why Does Bitcoin Mining Require So Much Power?
When people mine bitcoins, what they’re really doing is updating the ledger of Bitcoin transactions, also known as the blockchain. This requires them to solve numerical puzzles which have a 64-digit hexadecimal solution known as a hash.
Miners may be rewarded with bitcoins, but only if they arrive at the solution before others. It is for this reason that Bitcoin mining facilities—warehouses filled with computers—have been popping up around the world.
These facilities enable miners to scale up their hashrate, also known as the number of hashes produced each second. A higher hashrate requires greater amounts of electricity, and in some cases can even overload local infrastructure.
Putting Bitcoin’s Power Consumption Into Perspective
On March 18, 2022, the annual power consumption of the Bitcoin network was estimated to be 129 terawatt-hours (TWh). Here’s how this number compares to a selection of countries, companies, and more.
Sources: Cambridge CAF
If Bitcoin were a country, it would rank 29th out of a theoretical 196, narrowly exceeding Norway’s consumption of 124 TWh. When compared to larger countries like the U.S. (3,989 TWh) and China (6,543 TWh), the cryptocurrency’s energy consumption is relatively light.
For further comparison, the Bitcoin network consumes 1,708% more electricity than Google, but 39% less than all of the world’s data centers—together, these represent over 2 trillion gigabytes of storage.
Towards a Greener Crypto Future
As cryptocurrencies move further into the mainstream, it’s likely that governments and other regulators will turn their attention to the industry’s carbon footprint. This isn’t necessarily a bad thing.
Feel free to leave your thoughts💭 in the comments,
and dont forget to like and Follow ❤️🍀
#BTC #Educational #Crypto2023
Cryptocurrencies have been some of the most talked-about assets in recent years, with Bitcoin and Ethereum prices reaching record highs November 2021. These gains were driven by a flurry of announcements, including increased adoption by businesses and institutions.
Lesser known, however, is just how much electricity is required to power the Bitcoin network. To put this into perspective, we’ve used data from the University of Cambridge’s Bitcoin Electricity Consumption Index (CBECI) to compare Bitcoin’s power consumption with a variety of countries and companies.
Vizualized
Why Does Bitcoin Mining Require So Much Power?
When people mine bitcoins, what they’re really doing is updating the ledger of Bitcoin transactions, also known as the blockchain. This requires them to solve numerical puzzles which have a 64-digit hexadecimal solution known as a hash.
Miners may be rewarded with bitcoins, but only if they arrive at the solution before others. It is for this reason that Bitcoin mining facilities—warehouses filled with computers—have been popping up around the world.
These facilities enable miners to scale up their hashrate, also known as the number of hashes produced each second. A higher hashrate requires greater amounts of electricity, and in some cases can even overload local infrastructure.
Putting Bitcoin’s Power Consumption Into Perspective
On March 18, 2022, the annual power consumption of the Bitcoin network was estimated to be 129 terawatt-hours (TWh). Here’s how this number compares to a selection of countries, companies, and more.
Sources: Cambridge CAF
If Bitcoin were a country, it would rank 29th out of a theoretical 196, narrowly exceeding Norway’s consumption of 124 TWh. When compared to larger countries like the U.S. (3,989 TWh) and China (6,543 TWh), the cryptocurrency’s energy consumption is relatively light.
For further comparison, the Bitcoin network consumes 1,708% more electricity than Google, but 39% less than all of the world’s data centers—together, these represent over 2 trillion gigabytes of storage.
Towards a Greener Crypto Future
As cryptocurrencies move further into the mainstream, it’s likely that governments and other regulators will turn their attention to the industry’s carbon footprint. This isn’t necessarily a bad thing.
Feel free to leave your thoughts💭 in the comments,
and dont forget to like and Follow ❤️🍀
#BTC #Educational #Crypto2023
Bitcoin vs DXY ... inverse Correlation
BTC vs DXY ...
The DXY (US Dollar Index) is a measure of the value of the United States dollar relative to a basket of foreign currencies. Bitcoin is a decentralized digital currency that operates independently of central banks.
When the DXY (US Dollar Index) rises, it typically means that the value of the US dollar is increasing relative to other major currencies. In general, an increase in the value of the US dollar can lead to a decrease in the price of cryptocurrencies, including Bitcoin and other altcoins.
Orange Bitcoin, Blue DXY Dollar Index
The reason for this is that many cryptocurrencies are priced in US dollars on trading platforms, and as the value of the dollar increases, it takes fewer dollars to purchase the same amount of cryptocurrency. This can lead to a decrease in demand for cryptocurrencies, as investors may perceive them as less valuable compared to the US dollar.
However, it's important to note that the relationship between the DXY and cryptocurrencies is not always straightforward, and other factors can also impact the price of cryptocurrencies. For example, positive news, a Tweet from Elon Musk or developments in the cryptocurrency industry can lead to an increase in demand for cryptocurrencies, even if the value of the US dollar is rising.
DXY value History...
The value of the DXY (US Dollar Index) is influenced by various factors, including economic data, geopolitical events, and central bank policies. It's difficult to predict with certainty how low the DXY can go since it's subject to fluctuations and changes in these factors.
However, the DXY has historically traded within a range of 70-103 since its inception in 1973. Its lowest level in history was 70.698, which occurred in March 2008 during the global financial crisis. In recent years, the DXY has been trading in the range of 89-103, with its lowest point in the last decade being 88.253 in February 2018.
DXY Chart
The correlation between DXY and Bitcoin can be simplified as follows:
When the value of the US dollar strengthens (as measured by the DXY), the price of Bitcoin tends to decrease. This is because Bitcoin is often seen as an alternative to traditional currencies, so when the US dollar is strong, investors may choose to hold dollars instead of Bitcoin.
Conversely, when the value of the US dollar weakens (as measured by the DXY), the price of Bitcoin tends to increase. This is because investors may view Bitcoin as a hedge against inflation or a safe haven asset during times of economic uncertainty.
Leave your thoughts💭 in the comments,
and feel free to follow and like❤️🍀
#BTC #DXY #Binance #Educational #buildtogether
The DXY (US Dollar Index) is a measure of the value of the United States dollar relative to a basket of foreign currencies. Bitcoin is a decentralized digital currency that operates independently of central banks.
When the DXY (US Dollar Index) rises, it typically means that the value of the US dollar is increasing relative to other major currencies. In general, an increase in the value of the US dollar can lead to a decrease in the price of cryptocurrencies, including Bitcoin and other altcoins.
Orange Bitcoin, Blue DXY Dollar Index
The reason for this is that many cryptocurrencies are priced in US dollars on trading platforms, and as the value of the dollar increases, it takes fewer dollars to purchase the same amount of cryptocurrency. This can lead to a decrease in demand for cryptocurrencies, as investors may perceive them as less valuable compared to the US dollar.
However, it's important to note that the relationship between the DXY and cryptocurrencies is not always straightforward, and other factors can also impact the price of cryptocurrencies. For example, positive news, a Tweet from Elon Musk or developments in the cryptocurrency industry can lead to an increase in demand for cryptocurrencies, even if the value of the US dollar is rising.
DXY value History...
The value of the DXY (US Dollar Index) is influenced by various factors, including economic data, geopolitical events, and central bank policies. It's difficult to predict with certainty how low the DXY can go since it's subject to fluctuations and changes in these factors.
However, the DXY has historically traded within a range of 70-103 since its inception in 1973. Its lowest level in history was 70.698, which occurred in March 2008 during the global financial crisis. In recent years, the DXY has been trading in the range of 89-103, with its lowest point in the last decade being 88.253 in February 2018.
DXY Chart
The correlation between DXY and Bitcoin can be simplified as follows:
When the value of the US dollar strengthens (as measured by the DXY), the price of Bitcoin tends to decrease. This is because Bitcoin is often seen as an alternative to traditional currencies, so when the US dollar is strong, investors may choose to hold dollars instead of Bitcoin.
Conversely, when the value of the US dollar weakens (as measured by the DXY), the price of Bitcoin tends to increase. This is because investors may view Bitcoin as a hedge against inflation or a safe haven asset during times of economic uncertainty.
Leave your thoughts💭 in the comments,
and feel free to follow and like❤️🍀
#BTC #DXY #Binance #Educational #buildtogether
Top 10 GameFi Projects by Market Capitalization
Apecoin
Internet Computer
The Sandbox
Axie Infinity
Immutable X
Enjin Coin
Floki
Magic
#GameFi #Altcoin #dyor #Educational #CryptoPMYoutube
Apecoin
Internet Computer
The Sandbox
Axie Infinity
Immutable X
Enjin Coin
Floki
Magic
#GameFi #Altcoin #dyor #Educational #CryptoPMYoutube
#Educational One simple trick : I know most of you may be knowing this but some not .so the trick is if u ever find any token pumping 50-70% write down that token name
#Educational
MACD is a momentum indicator which shows the relationship between the two moving averages, i.e. 26 EMA and 12 EMA.
It consists of the MACD line and the signal line.The MACD line is the difference between the 26 EMA and 12 EMA,and the signal line is 9 EMA.
#BTC #btc
MACD is a momentum indicator which shows the relationship between the two moving averages, i.e. 26 EMA and 12 EMA.
It consists of the MACD line and the signal line.The MACD line is the difference between the 26 EMA and 12 EMA,and the signal line is 9 EMA.
#BTC #btc
#Educational
Some Things in Crypto Trading You shouldn’t do
✅ Overtrading
✅ Never be confident
✅ Blame
✅ Fear
✅ Regret
✅ Travel & Trade
✅ Average ( Losing Trade )
✅ Doing No stop loss trading
✅ Revenge Trading
#tradingtipoftheday #tradingStrategy #tradingeducation #dyor
Some Things in Crypto Trading You shouldn’t do
✅ Overtrading
✅ Never be confident
✅ Blame
✅ Fear
✅ Regret
✅ Travel & Trade
✅ Average ( Losing Trade )
✅ Doing No stop loss trading
✅ Revenge Trading
#tradingtipoftheday #tradingStrategy #tradingeducation #dyor
#Educational
✅ Always use a trading plan
✅ Trade every time with same amount
✅ Always use stop loss
✅ Risk only what you can afford to lose
✅ Become a student of the markets
✅ Treat trading Like Business
✅ Protect your trading Capital
✅ Know when to stop trading
#BTC
✅ Always use a trading plan
✅ Trade every time with same amount
✅ Always use stop loss
✅ Risk only what you can afford to lose
✅ Become a student of the markets
✅ Treat trading Like Business
✅ Protect your trading Capital
✅ Know when to stop trading
#BTC
