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CRYPTO MISTAKES TO AVOID IN THE BULL RUN !
### CRYPTO MISTAKES TO AVOID IN THE BULL RUN
#### Save This Guide—Your Portfolio Will Thank You!
Bull runs are golden opportunities to multiply your wealth, but they also come with heightened risks. Avoid these 10 critical mistakes to safeguard your gains and thrive like a pro:
---
### 1️⃣ Overdiversifying Your Portfolio
- The Mistake: Investing in too many altcoins to "spread risk."
- Why It’s Dangerous: Holding 20+ projects dilutes your gains and increases portfolio complexity.
- The Fix: Focus on 5–10 high-conviction projects with solid fundamentals and growth potential.
- Why It Works: Concentrated investments often lead to better returns compared to spreading your capital thin.
---
### 2️⃣ Failing to Take Profits
- The Mistake: Assuming the market will rise endlessly.
- The Risk: Watching your portfolio soar, only to crash back to your starting balance.
- The Fix: Create incremental profit targets and secure gains at milestones.
- Example: If $10K grows to $50K, take profits at $20K, $30K, etc.
---
### 3️⃣ Chasing FOMO (Fear of Missing Out)
- The Mistake: Buying during hype-driven price spikes.
- The Fix: Build positions during corrections or low-activity phases.
- Pro Tip: Anticipate trends instead of chasing them. Buy when fear is high, and sell when euphoria peaks.
---
### 4️⃣ Ignoring Emerging Trends
- The Mistake: Staying loyal to outdated projects.
- The Fix: Stay ahead of the curve by investing in emerging sectors like:
- Layer 1 blockchains
- Artificial Intelligence (AI)
- Gaming tokens
- Real-World Assets (RWAs)
- Why It Matters: Missing trends like DeFi (2020) or NFTs (2021) can cost you life-changing opportunities.
---
### 5️⃣ Trading with Emotions
- The Mistake: Making impulsive decisions driven by fear, greed, or panic.
- The Fix: Create a logical, research-backed trading plan and stick to it.
- Golden Rule: Markets recover faster than emotions. Never trade on impulse.
---
### 6️⃣ Operating Without a Strategy
- The Mistake: Trading blindly without clear objectives.
- The Fix: Document your strategy with:
- Entry/exit points
- Profit milestones
- Risk management rules
- Example: If you aim to grow $1K to $10K, plan to secure partial profits at every doubling milestone.
---
### 7️⃣ Leaving Funds on Centralized Exchanges
- The Mistake: Trusting exchanges to keep your funds safe.
- The Risk: Centralized exchanges can face hacks, freezes, or bankruptcy (e.g., FTX).
- The Fix: Use hardware wallets like Ledger or Trezor for maximum security.
---
### 8️⃣ Believing in Unrealistic Targets
- The Mistake: Expecting every coin to deliver 1000x returns.
- The Fix: Research realistic growth scenarios based on:
- Market cap
- Tokenomics
- Competitive positioning
- Reality Check: A coin with a $1B market cap is unlikely to grow 1000x overnight.
---
### 9️⃣ Forgetting Taxes
- The Mistake: Overlooking tax obligations on crypto profits.
- The Risk: Facing unexpected tax bills that eat into your gains.
- The Fix: Use tools like Koinly or CoinTracker to calculate and plan for taxes in advance.
---
### 🔟 Skipping Your Own Research (DYOR)
- The Mistake: Blindly following influencers or hype.
- The Fix: Always conduct your own due diligence by:
- Reading whitepapers.
- Analyzing tokenomics.
- Evaluating real-world use cases.
- Pro Tip: Avoid being the last buyer in unsustainable pumps (e.g., memecoins).
---
### BONUS TIPS TO LEVEL UP
- Time Management: Spend more time learning market cycles than staring at charts.
- Smart DCA: Use dollar-cost averaging to reduce risks during volatile phases.
- Follow Whale Moves: Track high-value wallets using tools like Etherscan or Whale Alert.
- Celebrate Small Wins: Secure partial profits and reward yourself—it keeps greed in check.
- Risk Management: Only invest what you can afford to lose. Set stop-losses to protect capital.
- Portfolio Tracking: Use apps like CoinGecko, Zapper, or Delta for seamless portfolio management.
---
### FINAL WORDS: PLAN SMART, GROW BIG
This bull run could be your gateway to generational wealth—but only if you approach it with discipline and a strategy. Avoid emotional decisions, stick to your plan, and seize opportunities with confidence.
Your moment to thrive is here. Let's win this bull run together!
#### Save This Guide—Your Portfolio Will Thank You!
Bull runs are golden opportunities to multiply your wealth, but they also come with heightened risks. Avoid these 10 critical mistakes to safeguard your gains and thrive like a pro:
---
### 1️⃣ Overdiversifying Your Portfolio
- The Mistake: Investing in too many altcoins to "spread risk."
- Why It’s Dangerous: Holding 20+ projects dilutes your gains and increases portfolio complexity.
- The Fix: Focus on 5–10 high-conviction projects with solid fundamentals and growth potential.
- Why It Works: Concentrated investments often lead to better returns compared to spreading your capital thin.
---
### 2️⃣ Failing to Take Profits
- The Mistake: Assuming the market will rise endlessly.
- The Risk: Watching your portfolio soar, only to crash back to your starting balance.
- The Fix: Create incremental profit targets and secure gains at milestones.
- Example: If $10K grows to $50K, take profits at $20K, $30K, etc.
---
### 3️⃣ Chasing FOMO (Fear of Missing Out)
- The Mistake: Buying during hype-driven price spikes.
- The Fix: Build positions during corrections or low-activity phases.
- Pro Tip: Anticipate trends instead of chasing them. Buy when fear is high, and sell when euphoria peaks.
---
### 4️⃣ Ignoring Emerging Trends
- The Mistake: Staying loyal to outdated projects.
- The Fix: Stay ahead of the curve by investing in emerging sectors like:
- Layer 1 blockchains
- Artificial Intelligence (AI)
- Gaming tokens
- Real-World Assets (RWAs)
- Why It Matters: Missing trends like DeFi (2020) or NFTs (2021) can cost you life-changing opportunities.
---
### 5️⃣ Trading with Emotions
- The Mistake: Making impulsive decisions driven by fear, greed, or panic.
- The Fix: Create a logical, research-backed trading plan and stick to it.
- Golden Rule: Markets recover faster than emotions. Never trade on impulse.
---
### 6️⃣ Operating Without a Strategy
- The Mistake: Trading blindly without clear objectives.
- The Fix: Document your strategy with:
- Entry/exit points
- Profit milestones
- Risk management rules
- Example: If you aim to grow $1K to $10K, plan to secure partial profits at every doubling milestone.
---
### 7️⃣ Leaving Funds on Centralized Exchanges
- The Mistake: Trusting exchanges to keep your funds safe.
- The Risk: Centralized exchanges can face hacks, freezes, or bankruptcy (e.g., FTX).
- The Fix: Use hardware wallets like Ledger or Trezor for maximum security.
---
### 8️⃣ Believing in Unrealistic Targets
- The Mistake: Expecting every coin to deliver 1000x returns.
- The Fix: Research realistic growth scenarios based on:
- Market cap
- Tokenomics
- Competitive positioning
- Reality Check: A coin with a $1B market cap is unlikely to grow 1000x overnight.
---
### 9️⃣ Forgetting Taxes
- The Mistake: Overlooking tax obligations on crypto profits.
- The Risk: Facing unexpected tax bills that eat into your gains.
- The Fix: Use tools like Koinly or CoinTracker to calculate and plan for taxes in advance.
---
### 🔟 Skipping Your Own Research (DYOR)
- The Mistake: Blindly following influencers or hype.
- The Fix: Always conduct your own due diligence by:
- Reading whitepapers.
- Analyzing tokenomics.
- Evaluating real-world use cases.
- Pro Tip: Avoid being the last buyer in unsustainable pumps (e.g., memecoins).
---
### BONUS TIPS TO LEVEL UP
- Time Management: Spend more time learning market cycles than staring at charts.
- Smart DCA: Use dollar-cost averaging to reduce risks during volatile phases.
- Follow Whale Moves: Track high-value wallets using tools like Etherscan or Whale Alert.
- Celebrate Small Wins: Secure partial profits and reward yourself—it keeps greed in check.
- Risk Management: Only invest what you can afford to lose. Set stop-losses to protect capital.
- Portfolio Tracking: Use apps like CoinGecko, Zapper, or Delta for seamless portfolio management.
---
### FINAL WORDS: PLAN SMART, GROW BIG
This bull run could be your gateway to generational wealth—but only if you approach it with discipline and a strategy. Avoid emotional decisions, stick to your plan, and seize opportunities with confidence.
Your moment to thrive is here. Let's win this bull run together!
Buy $100 of TRON (TRX) Will It Bullish in this Mega Cycle?
Introduction to TRON Crypto
TRON (TRX) is a blockchain-based platform that aims to build a decentralized internet and digital content ecosystem. Founded by Justin Sun in 2017, TRON’s mission is to eliminate intermediaries in the content distribution process, enabling creators to connect directly with their audience. The platform’s architecture is designed to support high throughput, scalability, and low transaction costs, making it an attractive option for developers and users.
TRON operates on a decentralized network that utilizes a Delegated Proof-of-Stake (DPoS) consensus mechanism. This system allows TRON to achieve high transaction speeds and scalability by enabling token holders to elect representatives who validate transactions and secure the network. The mainnet of TRON was launched in June 2018, marking a significant step in its journey.
A key aspect of TRON’s strategy includes its acquisition of BitTorrent in 2018, a move that has integrated TRON’s blockchain technology with a leading peer-to-peer file-sharing protocol. This acquisition aligns with TRON’s goal to enhance content distribution and decentralized applications (dApps).
Development of Meme Coins on the TRON Network
1. Rise of Meme Coins: Meme coins are cryptocurrencies created primarily for entertainment or speculative purposes, often drawing inspiration from popular culture or internet trends. On the TRON network, meme coins have gained traction due to the platform’s low transaction fees and fast processing capabilities, which are appealing to developers and traders looking to capitalize on viral trends.
2. Community and Market Dynamics: Meme coins on TRON often rely on community-driven marketing and social media to gain traction. The TRON community's engagement plays a crucial role in promoting these tokens, contributing to their popularity and market presence. Meme coins can experience rapid growth driven by viral trends and community enthusiasm, though they may also face significant volatility.
3. Risks and Considerations: Investors should approach meme coins with caution due to their speculative nature and the potential for high volatility. While they can offer entertainment and community engagement, meme coins often lack substantial use cases or long-term development plans. It is essential for participants to evaluate the legitimacy and potential of these tokens before investing.
4. Future Prospects: The development of meme coins on TRON highlights the platform’s versatility and its appeal to a diverse range of projects. As TRON continues to evolve, it is likely that new and innovative token projects will emerge, further enriching the ecosystem and providing varied opportunities for developers and users.
In conclusion, TRON's infrastructure supports the creation and growth of meme coins, adding a unique layer to its blockchain ecosystem. While these tokens provide entertainment and community engagement, they also come with risks that require careful consideration. As the TRON network develops, it will continue to foster a dynamic and diverse array of projects.
This mega cycle Tron (TRX) has huge potential to reach new ath $3, now its ur time to take the action, please back to this article at the end of 2024 or early 2025, peace🙏🏻
#Tron #TRX/USDT #bitcoin☀️ #FYI
TRON (TRX) is a blockchain-based platform that aims to build a decentralized internet and digital content ecosystem. Founded by Justin Sun in 2017, TRON’s mission is to eliminate intermediaries in the content distribution process, enabling creators to connect directly with their audience. The platform’s architecture is designed to support high throughput, scalability, and low transaction costs, making it an attractive option for developers and users.
TRON operates on a decentralized network that utilizes a Delegated Proof-of-Stake (DPoS) consensus mechanism. This system allows TRON to achieve high transaction speeds and scalability by enabling token holders to elect representatives who validate transactions and secure the network. The mainnet of TRON was launched in June 2018, marking a significant step in its journey.
A key aspect of TRON’s strategy includes its acquisition of BitTorrent in 2018, a move that has integrated TRON’s blockchain technology with a leading peer-to-peer file-sharing protocol. This acquisition aligns with TRON’s goal to enhance content distribution and decentralized applications (dApps).
Development of Meme Coins on the TRON Network
1. Rise of Meme Coins: Meme coins are cryptocurrencies created primarily for entertainment or speculative purposes, often drawing inspiration from popular culture or internet trends. On the TRON network, meme coins have gained traction due to the platform’s low transaction fees and fast processing capabilities, which are appealing to developers and traders looking to capitalize on viral trends.
2. Community and Market Dynamics: Meme coins on TRON often rely on community-driven marketing and social media to gain traction. The TRON community's engagement plays a crucial role in promoting these tokens, contributing to their popularity and market presence. Meme coins can experience rapid growth driven by viral trends and community enthusiasm, though they may also face significant volatility.
3. Risks and Considerations: Investors should approach meme coins with caution due to their speculative nature and the potential for high volatility. While they can offer entertainment and community engagement, meme coins often lack substantial use cases or long-term development plans. It is essential for participants to evaluate the legitimacy and potential of these tokens before investing.
4. Future Prospects: The development of meme coins on TRON highlights the platform’s versatility and its appeal to a diverse range of projects. As TRON continues to evolve, it is likely that new and innovative token projects will emerge, further enriching the ecosystem and providing varied opportunities for developers and users.
In conclusion, TRON's infrastructure supports the creation and growth of meme coins, adding a unique layer to its blockchain ecosystem. While these tokens provide entertainment and community engagement, they also come with risks that require careful consideration. As the TRON network develops, it will continue to foster a dynamic and diverse array of projects.
This mega cycle Tron (TRX) has huge potential to reach new ath $3, now its ur time to take the action, please back to this article at the end of 2024 or early 2025, peace🙏🏻
#Tron #TRX/USDT #bitcoin☀️ #FYI
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Read this carefully!
Buying altcoins now is a good time, yes it may pull back 10-20% more but we are in an area of reversal, risk to reward is good. $ETH is starting to outperform $BTC this is a good sign for the rest of the altcoins to follow. remember how money works in crypto. Money goes from USD to BTC, BTC to ETH, ETH to altcoins. This is how the cycle works. Odds of finding a gem that would do 500x is small. Do not bet on that. Pick quality at coins with decent marketcap. If you have below 10k usd, do not buy BTC and ETH. Those tokens will make you money but will not make you rich. Leverage is not necessary to gain. If you look at altcoins like $SOL , alot of them did a 10-20x already from the bear market low. While btc and eth only did a 4-5x. As money in crypto rise, the growth of alts will rapidly increase and ETH and BTC growth will decrease.
Most of you know this already. This post is for new traders hoping to make it in crypto.
Goodluck and happy bullrun. 🫰🏽👍🏽
Buying altcoins now is a good time, yes it may pull back 10-20% more but we are in an area of reversal, risk to reward is good. $ETH is starting to outperform $BTC this is a good sign for the rest of the altcoins to follow. remember how money works in crypto. Money goes from USD to BTC, BTC to ETH, ETH to altcoins. This is how the cycle works. Odds of finding a gem that would do 500x is small. Do not bet on that. Pick quality at coins with decent marketcap. If you have below 10k usd, do not buy BTC and ETH. Those tokens will make you money but will not make you rich. Leverage is not necessary to gain. If you look at altcoins like $SOL , alot of them did a 10-20x already from the bear market low. While btc and eth only did a 4-5x. As money in crypto rise, the growth of alts will rapidly increase and ETH and BTC growth will decrease.
Most of you know this already. This post is for new traders hoping to make it in crypto.
Goodluck and happy bullrun. 🫰🏽👍🏽
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LIVE
Samina Khan
--
Don't be misled into thinking that MtGox is responsible for the current market downturn. They'll be returning tokens over the next three months, and exchanges will hold them for up to 90 days after that.
This means that the last refund won't be available for sale for six months, which is a relatively small amount of 800 coins per day.
This is a drop in the bucket compared to the daily volume of $40-50 billion.
The MtGox refund is essentially insignificant, and Germany's sale of BTC is also a small amount. The recent price drop isn't a dump, but rather a healthy correction.
I'm expecting the price to dip slightly below $50k before rising again to around $100k this year.
I'm not panicking, but instead, I'm buying more BTC and considering other coins like SOL and PEOPLE. If the price drops another 10-20%, I'll be buying more.
#Write2Earn! #Bitcoin❗
This means that the last refund won't be available for sale for six months, which is a relatively small amount of 800 coins per day.
This is a drop in the bucket compared to the daily volume of $40-50 billion.
The MtGox refund is essentially insignificant, and Germany's sale of BTC is also a small amount. The recent price drop isn't a dump, but rather a healthy correction.
I'm expecting the price to dip slightly below $50k before rising again to around $100k this year.
I'm not panicking, but instead, I'm buying more BTC and considering other coins like SOL and PEOPLE. If the price drops another 10-20%, I'll be buying more.
#Write2Earn! #Bitcoin❗
$BTTC
Fighting Guys ,
Let's strong
Upcoming future our dreams will come true
#Hold it BTTC
#HotTrands #FYI
#BullishFuture
Fighting Guys ,
Let's strong
Upcoming future our dreams will come true
#Hold it BTTC
#HotTrands #FYI
#BullishFuture
#Ripple💰 is a digital payment system that allows fast and cheap money transfers around the world. Unlike Bitcoin, it doesn’t use mining but works through a system that’s more efficient. Ripple’s cryptocurrency, XRP, is controlled by Ripple Labs and is used by banks to connect traditional banking with digital currency.#FYI $XRP #XRPGoal
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LIVE
CaptainAltcoin
--
50 RWA Projects Poised for 20-100x Growth in the 2024 Bull Run Cycle
According to renowned crypto analyst Immortal, 50 projects in the Real World Assets (RWA) sector are set to experience a 20-100x price appreciation during this upcoming bull market.
In this article, we will explore the various sectors within the RWA space and highlight the projects that Immortal believes have the greatest potential for growth.
DeFi Sector
The Decentralized Finance (DeFi) sector has been a major driving force behind the growth of the cryptocurrency market in recent years. Within the RWA space, several DeFi projects are poised for significant gains, including:
$HIFI
$HTR
$SCLP
$REQ
$XVS
$RSR
$SNX
$MKR
$OMAX
These projects aim to revolutionize traditional financial services by providing decentralized alternatives that offer greater accessibility, transparency, and security.
Web 3 Sector
The Web 3 sector, which focuses on the development of a decentralized internet, is another area where RWA projects are expected to thrive. Some of the most promising projects in this sector include:
$ERN
$DEXTF
$LCD
$OGY
$EKTA
$ACQ
$VEXT
$OPUL
$WAG
These projects are working towards building a more open, collaborative, and user-centric web, where individuals have greater control over their data and online experiences.
Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?
The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.
Show more +Show less – Layers Sector
The Layers sector encompasses projects that are building infrastructure and scaling solutions for blockchain networks. According to Immortal, the following projects in this sector have the potential for significant growth:
$LTO
$SCPT
$COREUM
$LSK
$XEP
$XDC
$AZERO
$XCH
These projects are focused on improving the scalability, interoperability, and efficiency of blockchain networks, enabling them to support a wider range of applications and use cases.
Networks Sector
The Networks sector includes projects that are building decentralized networks and protocols for various purposes, such as data storage, communication, and computation. Some of the most promising projects in this sector include:
$NXRA
$LMR
$CANTO
$DUSK
$CHEX
$POLYX
$OM
$RIO
$HASH
These projects aim to create more resilient, secure, and censorship-resistant networks that can support a wide range of decentralized applications and services.
Real Estate Sector
The Real Estate sector is a particularly exciting area within the RWA space, as it seeks to tokenize and democratize access to real estate investments. According to Immortal, the following projects in this sector are set for significant growth:
$HIFI
$PRO
$PRCL
$UBXS
$ELAND
$LABS
$CRE
$PROPC
These projects are leveraging blockchain technology to create more efficient, transparent, and accessible real estate markets, enabling investors to participate in a wider range of opportunities with lower barriers to entry.
Other Notable Projects
In addition to the sectors mentioned above, Immortal has identified several other RWA projects that have the potential for significant growth in the upcoming bull run cycle. These include:
$BTM
$UNO
$HZN
$P3D
$RBN
$NPT
$APE
$CGO
These projects span a wide range of use cases and industries, showcasing the diversity and potential of the RWA space.
As the cryptocurrency market prepares for the 2024 bull run cycle, the Real World Assets sector is poised for explosive growth. With 50 projects identified by analyst Immortal as having the potential for 20-100x price appreciation, investors have a unique opportunity to capitalize on the emerging trends and innovations within the RWA space.
Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.Get all our future calls by joining our FREE Telegram community.
Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters
The post 50 RWA Projects Poised for 20-100x Growth in the 2024 Bull Run Cycle appeared first on CaptainAltcoin.
In this article, we will explore the various sectors within the RWA space and highlight the projects that Immortal believes have the greatest potential for growth.
DeFi Sector
The Decentralized Finance (DeFi) sector has been a major driving force behind the growth of the cryptocurrency market in recent years. Within the RWA space, several DeFi projects are poised for significant gains, including:
$HIFI
$HTR
$SCLP
$REQ
$XVS
$RSR
$SNX
$MKR
$OMAX
These projects aim to revolutionize traditional financial services by providing decentralized alternatives that offer greater accessibility, transparency, and security.
Web 3 Sector
The Web 3 sector, which focuses on the development of a decentralized internet, is another area where RWA projects are expected to thrive. Some of the most promising projects in this sector include:
$ERN
$DEXTF
$LCD
$OGY
$EKTA
$ACQ
$VEXT
$OPUL
$WAG
These projects are working towards building a more open, collaborative, and user-centric web, where individuals have greater control over their data and online experiences.
Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?
The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.
Show more +Show less – Layers Sector
The Layers sector encompasses projects that are building infrastructure and scaling solutions for blockchain networks. According to Immortal, the following projects in this sector have the potential for significant growth:
$LTO
$SCPT
$COREUM
$LSK
$XEP
$XDC
$AZERO
$XCH
These projects are focused on improving the scalability, interoperability, and efficiency of blockchain networks, enabling them to support a wider range of applications and use cases.
Networks Sector
The Networks sector includes projects that are building decentralized networks and protocols for various purposes, such as data storage, communication, and computation. Some of the most promising projects in this sector include:
$NXRA
$LMR
$CANTO
$DUSK
$CHEX
$POLYX
$OM
$RIO
$HASH
These projects aim to create more resilient, secure, and censorship-resistant networks that can support a wide range of decentralized applications and services.
Real Estate Sector
The Real Estate sector is a particularly exciting area within the RWA space, as it seeks to tokenize and democratize access to real estate investments. According to Immortal, the following projects in this sector are set for significant growth:
$HIFI
$PRO
$PRCL
$UBXS
$ELAND
$LABS
$CRE
$PROPC
These projects are leveraging blockchain technology to create more efficient, transparent, and accessible real estate markets, enabling investors to participate in a wider range of opportunities with lower barriers to entry.
Other Notable Projects
In addition to the sectors mentioned above, Immortal has identified several other RWA projects that have the potential for significant growth in the upcoming bull run cycle. These include:
$BTM
$UNO
$HZN
$P3D
$RBN
$NPT
$APE
$CGO
These projects span a wide range of use cases and industries, showcasing the diversity and potential of the RWA space.
As the cryptocurrency market prepares for the 2024 bull run cycle, the Real World Assets sector is poised for explosive growth. With 50 projects identified by analyst Immortal as having the potential for 20-100x price appreciation, investors have a unique opportunity to capitalize on the emerging trends and innovations within the RWA space.
Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.Get all our future calls by joining our FREE Telegram community.
Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters
The post 50 RWA Projects Poised for 20-100x Growth in the 2024 Bull Run Cycle appeared first on CaptainAltcoin.
Those are indeed two common types of crypto owners. Investors typically buy and hold cryptocurrencies for the long term, while traders frequently buy and sell in shorter time frames to capitalize on price movements. Each approach has its own strategies and risks.
Crypto Investors:
Investors in the cryptocurrency space typically take a long-term perspective on their holdings. They believe in the potential of blockchain technology and cryptocurrencies to revolutionize various industries, such as finance, supply chain management, and healthcare. Their primary goal is to buy cryptocurrencies they believe in and hold onto them for an extended period, often years, regardless of short-term price fluctuations. They may employ strategies such as dollar-cost averaging, where they regularly invest a fixed amount over time, regardless of market conditions. Crypto investors often conduct thorough research on projects, teams, and technology fundamentals before making investment decisions. They are less concerned with day-to-day price movements and more focused on the overall growth and adoption of the technology.
Crypto Traders:
Traders in the cryptocurrency market take a more active approach to investing. They aim to profit from short-term price fluctuations by buying low and selling high. Traders may use various technical analysis tools, such as chart patterns, indicators, and trading algorithms, to identify potential entry and exit points. They often engage in day trading, swing trading, or scalping, depending on their preferred time frame and risk tolerance. Crypto traders closely monitor market trends, news, and sentiment to make informed trading decisions. Unlike investors, traders may not necessarily hold onto their positions for extended periods and may execute multiple trades within a single day. While trading can potentially yield higher returns in the short term, it also involves higher risks due to the volatility of the cryptocurrency market.
So what type of crypto owner?
#CryptoCommunty #FYI #KnowledgeSharing #investors!
Crypto Investors:
Investors in the cryptocurrency space typically take a long-term perspective on their holdings. They believe in the potential of blockchain technology and cryptocurrencies to revolutionize various industries, such as finance, supply chain management, and healthcare. Their primary goal is to buy cryptocurrencies they believe in and hold onto them for an extended period, often years, regardless of short-term price fluctuations. They may employ strategies such as dollar-cost averaging, where they regularly invest a fixed amount over time, regardless of market conditions. Crypto investors often conduct thorough research on projects, teams, and technology fundamentals before making investment decisions. They are less concerned with day-to-day price movements and more focused on the overall growth and adoption of the technology.
Crypto Traders:
Traders in the cryptocurrency market take a more active approach to investing. They aim to profit from short-term price fluctuations by buying low and selling high. Traders may use various technical analysis tools, such as chart patterns, indicators, and trading algorithms, to identify potential entry and exit points. They often engage in day trading, swing trading, or scalping, depending on their preferred time frame and risk tolerance. Crypto traders closely monitor market trends, news, and sentiment to make informed trading decisions. Unlike investors, traders may not necessarily hold onto their positions for extended periods and may execute multiple trades within a single day. While trading can potentially yield higher returns in the short term, it also involves higher risks due to the volatility of the cryptocurrency market.
So what type of crypto owner?
#CryptoCommunty #FYI #KnowledgeSharing #investors!
Investor 🚀
71%
Trader🤩
29%
17 votes • Voting closed
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If you want to become a real trader rather than a gambler, it's essential to read this carefully. If you're opening 5x-10x leveraged positions with your entire capital, you're essentially gambling. In such high-risk trades, the chances of liquidation are high because the crypto market is extremely volatile, with 10%-20% price swings being common. Even with a stop-loss, small movements can cause significant losses to your capital.
The key to successful trading is "PATIENCE." If you're not patient, you won't become a good trader. Here’s why patience is crucial:
First, you should never open a 10x position—or even a 1x position—using your full capital. Opening a 1x position is like flipping a coin and guessing the market direction. Instead, your position size should only be about 5% of your total capital.
If the trade becomes profitable, that’s great—you can take your profit at any time. But if the market goes against you, patience is key. Since the trade only involves 5% of your capital, a 10% reversal is the time to add more to your position. This approach can put you in a better position.
As the market tends to revert to the mean, it’s likely that prices will return to your entry point (except for rare exceptions). When the market moves in your favor, you need to be patient, wait for some upside, and then close your position to take profit.
$BNB @dappOS_com
The key to successful trading is "PATIENCE." If you're not patient, you won't become a good trader. Here’s why patience is crucial:
First, you should never open a 10x position—or even a 1x position—using your full capital. Opening a 1x position is like flipping a coin and guessing the market direction. Instead, your position size should only be about 5% of your total capital.
If the trade becomes profitable, that’s great—you can take your profit at any time. But if the market goes against you, patience is key. Since the trade only involves 5% of your capital, a 10% reversal is the time to add more to your position. This approach can put you in a better position.
As the market tends to revert to the mean, it’s likely that prices will return to your entry point (except for rare exceptions). When the market moves in your favor, you need to be patient, wait for some upside, and then close your position to take profit.
$BNB @dappOS_com
Good morning guys today let's talk about $CHESS Lets start with the #tokenomics based on #coinmarketcap :
The live Tranchess price today is $0.154141 USD with a 24-hour trading volume of $27,980,186 USD. We update our CHESS to USD price in real-time. Tranchess is up 14.43% in the last 24 hours. The current CoinMarketCap ranking is #701, with a live market cap of $25,709,528 USD. It has a circulating supply of 166,791,882 CHESS coins and a max. supply of 300,000,000 CHESS coins. As a personal opinion this is a cheap price to buy in case that we have a positive news from the #FED some more info is that the market cap is only $ 26,142,765 with a #TVL of $ 205,535,148 which it gives me more reason why it's cheap.
#FYI the ATH of chess is $ 7.91 which means that it's 98% down from the all time high.Here are some more info that looks bullish to me :
Tranchess Protocol is the brainchild of Co-Founder Danny Chong and Team. The concept was incepted in 2020 with a team across diverse experiences and roles in tech firms such as Google, Facebook, Microsoft to Investment Banks such as Morgan Stanley, UBS and BNP Paribas.
Our tech team is particularly experienced with cyber security in trading and DeFi protocols, their knowledge in smart contract coding is additive to the maintenance and upgrades in years to come.
What makes Tranchess Unique?
The project leverages on smart contracts that makes it transparent and automated across processes. The protocol allows users to have enhanced earning while tracking BTC, earns extra interests by lending out their tokens, or enjoying leverage with no forced liquidation. Users also get a share of platform earnings as part of their staking returns. Tranchess ecosystem allows gain from both NAV and yield perspectives.
PD this is not a financial advice and always use management risk $ETH $BNB
The live Tranchess price today is $0.154141 USD with a 24-hour trading volume of $27,980,186 USD. We update our CHESS to USD price in real-time. Tranchess is up 14.43% in the last 24 hours. The current CoinMarketCap ranking is #701, with a live market cap of $25,709,528 USD. It has a circulating supply of 166,791,882 CHESS coins and a max. supply of 300,000,000 CHESS coins. As a personal opinion this is a cheap price to buy in case that we have a positive news from the #FED some more info is that the market cap is only $ 26,142,765 with a #TVL of $ 205,535,148 which it gives me more reason why it's cheap.
#FYI the ATH of chess is $ 7.91 which means that it's 98% down from the all time high.Here are some more info that looks bullish to me :
Tranchess Protocol is the brainchild of Co-Founder Danny Chong and Team. The concept was incepted in 2020 with a team across diverse experiences and roles in tech firms such as Google, Facebook, Microsoft to Investment Banks such as Morgan Stanley, UBS and BNP Paribas.
Our tech team is particularly experienced with cyber security in trading and DeFi protocols, their knowledge in smart contract coding is additive to the maintenance and upgrades in years to come.
What makes Tranchess Unique?
The project leverages on smart contracts that makes it transparent and automated across processes. The protocol allows users to have enhanced earning while tracking BTC, earns extra interests by lending out their tokens, or enjoying leverage with no forced liquidation. Users also get a share of platform earnings as part of their staking returns. Tranchess ecosystem allows gain from both NAV and yield perspectives.
PD this is not a financial advice and always use management risk $ETH $BNB
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Cryptopolitan
--
ECB President Christine Lagarde Says the Global Economy Is Headed for Recession
Christine Lagarde, the head of the European Central Bank, believes the global economy is in deep trouble, and about to hit a recession.
She drew comparisons to the 1920s, when economic instability and bad decisions led to the Great Depression.
But this time, it’s not just one thing causing the problem. It’s a trifecta of disasters.
We’ve had the worst pandemic since the 1920s, the biggest conflict in Europe since World War II, and an energy crisis on par with the oil shock of the 1970s.
ECB headquarters in Germany
Supply chains are messed up, global trade is faltering, and we’re seeing technological developments the world struggles to keep up with.
Same problems, new century
In the 1920s, countries made some stupid decisions by sticking to the gold standard, which led to deflation and bank collapses.
Everyone got scared and started closing off their economies, which only made things worse.
That’s how we ended up with “economic nationalism,” which is just a fancy way of saying countries started looking out for themselves and shutting down trade with everyone else.
It was a disaster.
But thankfully, as Christine pointed out:
“We are in a better position today to address these structural changes than our predecessors were.”
One of the big issues Christine talked about was inflation, which went nuts after the pandemic. Supply chains got disrupted, and the war in Ukraine made energy prices skyrocket.
So the ECB had to step in and start raising interest rates last year to get things under control.
And it worked. Sort of.
Inflation in the Eurozone peaked at 10.6% in October 2022 but then dropped to 2.2% by August 2023. She called this whole mess an “extreme stress test” for central banks.
It’s rare to see inflation drop that fast without a bunch of people losing their jobs. But somehow, they managed it. In fact, since the end of 2022, 2.8 million more people have found jobs in the Eurozone.
The ominous yield curve
Then there’s the yield curve, which I guess is like a crystal ball for predicting recessions.
Usually, long-term bonds have higher yields than short-term ones because investors want to be paid more for locking up their money longer.
But when short-term yields are higher, it means investors think things are going to get bad. This so-called “inversion” has happened before every US recession since 1980.
Federal Reserve Chair Jerome Powell
For over two years now, short-term bonds have had higher yields than long-term ones. It flipped back to normal a couple of weeks ago, though that’s not exactly good news.
Despite this, the US stock market is acting like everything’s fine. The Federal Reserve just cut interest rates by 50 basis points, and the S&P 500 hit a new high.
Fed Chair Jay Powell says the US economy is “basically fine.” But economists who trust the yield curve aren’t buying it. They think it’s just a matter of time before America collapses.
And who can blame them? Have you seen the state of its national debt?
Japan’s role
Meanwhile, Japan has its own set of issues. The Bank of Japan (BoJ) decided to keep short-term interest rates at 0.25%, saying that their economy is slowly recovering.
But they also admitted that there are a lot of uncertainties ahead.
Bank of Japan Governor Kazuo Ueda
They released a statement saying they expect the economy to keep growing above its potential rate. Basically, people are spending more, and that’s helping things along.
The BoJ even upgraded its view on private consumption, which means people are buying more stuff even though prices are going up. That’s helped keep the yen stable at ¥142.3 against the dollar.
Still though, most economists think the BoJ will raise rates again this year, maybe as soon as next month. They’re not taking any chances, especially with everything going on globally.
She drew comparisons to the 1920s, when economic instability and bad decisions led to the Great Depression.
But this time, it’s not just one thing causing the problem. It’s a trifecta of disasters.
We’ve had the worst pandemic since the 1920s, the biggest conflict in Europe since World War II, and an energy crisis on par with the oil shock of the 1970s.
ECB headquarters in Germany
Supply chains are messed up, global trade is faltering, and we’re seeing technological developments the world struggles to keep up with.
Same problems, new century
In the 1920s, countries made some stupid decisions by sticking to the gold standard, which led to deflation and bank collapses.
Everyone got scared and started closing off their economies, which only made things worse.
That’s how we ended up with “economic nationalism,” which is just a fancy way of saying countries started looking out for themselves and shutting down trade with everyone else.
It was a disaster.
But thankfully, as Christine pointed out:
“We are in a better position today to address these structural changes than our predecessors were.”
One of the big issues Christine talked about was inflation, which went nuts after the pandemic. Supply chains got disrupted, and the war in Ukraine made energy prices skyrocket.
So the ECB had to step in and start raising interest rates last year to get things under control.
And it worked. Sort of.
Inflation in the Eurozone peaked at 10.6% in October 2022 but then dropped to 2.2% by August 2023. She called this whole mess an “extreme stress test” for central banks.
It’s rare to see inflation drop that fast without a bunch of people losing their jobs. But somehow, they managed it. In fact, since the end of 2022, 2.8 million more people have found jobs in the Eurozone.
The ominous yield curve
Then there’s the yield curve, which I guess is like a crystal ball for predicting recessions.
Usually, long-term bonds have higher yields than short-term ones because investors want to be paid more for locking up their money longer.
But when short-term yields are higher, it means investors think things are going to get bad. This so-called “inversion” has happened before every US recession since 1980.
Federal Reserve Chair Jerome Powell
For over two years now, short-term bonds have had higher yields than long-term ones. It flipped back to normal a couple of weeks ago, though that’s not exactly good news.
Despite this, the US stock market is acting like everything’s fine. The Federal Reserve just cut interest rates by 50 basis points, and the S&P 500 hit a new high.
Fed Chair Jay Powell says the US economy is “basically fine.” But economists who trust the yield curve aren’t buying it. They think it’s just a matter of time before America collapses.
And who can blame them? Have you seen the state of its national debt?
Japan’s role
Meanwhile, Japan has its own set of issues. The Bank of Japan (BoJ) decided to keep short-term interest rates at 0.25%, saying that their economy is slowly recovering.
But they also admitted that there are a lot of uncertainties ahead.
Bank of Japan Governor Kazuo Ueda
They released a statement saying they expect the economy to keep growing above its potential rate. Basically, people are spending more, and that’s helping things along.
The BoJ even upgraded its view on private consumption, which means people are buying more stuff even though prices are going up. That’s helped keep the yen stable at ¥142.3 against the dollar.
Still though, most economists think the BoJ will raise rates again this year, maybe as soon as next month. They’re not taking any chances, especially with everything going on globally.
See original
Key Kill Zones for Crypto Traders
While the cryptocurrency market operates 24/7, certain periods exhibit increased activity:
Asian Kill Zone (8:00 PM – 10:00 PM EST): This period coincides with the opening of the Asian trading session, particularly the Tokyo market, leading to increased volatility in crypto prices (
London Kill Zone (2:00 AM – 5:00 AM EST): Aligning with the London market opening, this zone often sees significant price movements due to the influx of European traders
New York Kill Zone (7:00 AM – 9:00 AM EST): Corresponding with the New York market opening, this time frame can lead to substantial price fluctuations as American traders enter the market
London Close Kill Zone (10:00 AM – 12:00 PM EST): This period marks the closing of the London market and can result in volatile price movements as traders adjust their positions link below for the detailed article 👇👇👇#ICTKillZones #TradingZones #CryptoTradingStrategies
While the cryptocurrency market operates 24/7, certain periods exhibit increased activity:
Asian Kill Zone (8:00 PM – 10:00 PM EST): This period coincides with the opening of the Asian trading session, particularly the Tokyo market, leading to increased volatility in crypto prices (
London Kill Zone (2:00 AM – 5:00 AM EST): Aligning with the London market opening, this zone often sees significant price movements due to the influx of European traders
New York Kill Zone (7:00 AM – 9:00 AM EST): Corresponding with the New York market opening, this time frame can lead to substantial price fluctuations as American traders enter the market
London Close Kill Zone (10:00 AM – 12:00 PM EST): This period marks the closing of the London market and can result in volatile price movements as traders adjust their positions link below for the detailed article 👇👇👇#ICTKillZones #TradingZones #CryptoTradingStrategies
The altcoin sector, led by tokens like Solana (SOL), has seen impressive growth, with some tokens experiencing over 840% gains year-to-date. Amidst this altcoin fervor, Bitcoin has been cautiously navigating the $44,700 resistance level, reflecting a market weighing optimism against caution.
Coins with 10x potential
GRT (ATH $2.80) now $ 0.15
MANA ( ATH $ 5.85) now $ 0.51
SAND (ATH $8.20) now $ 0.53
GALA (ATH $0.83) now $ 0.03
ICP ( ATH $700) now $ 9 potential 100x for ICP.
this s not a financial advise, i'm farmer i advise only about growing tomato's.
always DYOR and remember that the crypto market is volatile.
#BullRun2024. #AltcoinsUnder1Dollar #FYI #BTC
Coins with 10x potential
GRT (ATH $2.80) now $ 0.15
MANA ( ATH $ 5.85) now $ 0.51
SAND (ATH $8.20) now $ 0.53
GALA (ATH $0.83) now $ 0.03
ICP ( ATH $700) now $ 9 potential 100x for ICP.
this s not a financial advise, i'm farmer i advise only about growing tomato's.
always DYOR and remember that the crypto market is volatile.
#BullRun2024. #AltcoinsUnder1Dollar #FYI #BTC
FLAGSHIP AIRDROP CONFIRM ✅
🔥 Flagship Portfolio Game
is an innovative and competitive crypto game where players use market analysis to predict trends and earn points. By making accurate long or short market predictions, participants can climb the leaderboard and unlock exclusive rewards.
The game operates on a points system, which can be multiplied through boosters and managed via an auto claim feature, helping players accumulate points faster.
😇 Players can also invite friends to the game, earning additional points and making the experience more interactive. The game’s competitive edge lies in using real time market trends, making it ideal for crypto enthusiasts looking to test their strategic thinking.
Joining the Flagship Portfolio Game on Telegram gives you access to a community of like minded traders and exciting rewards based on your market predictions. Dive in today to test your skills and see how high you can rank! #FYI #MemeCoinTrending
🔥 Flagship Portfolio Game
is an innovative and competitive crypto game where players use market analysis to predict trends and earn points. By making accurate long or short market predictions, participants can climb the leaderboard and unlock exclusive rewards.
The game operates on a points system, which can be multiplied through boosters and managed via an auto claim feature, helping players accumulate points faster.
😇 Players can also invite friends to the game, earning additional points and making the experience more interactive. The game’s competitive edge lies in using real time market trends, making it ideal for crypto enthusiasts looking to test their strategic thinking.
Joining the Flagship Portfolio Game on Telegram gives you access to a community of like minded traders and exciting rewards based on your market predictions. Dive in today to test your skills and see how high you can rank! #FYI #MemeCoinTrending
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LIVE
Crypto 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