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Binance Donates $3 Million for Morocco Earthquake Relief
CryptosHeadlines.com - The Leading Crypto Research Network
Binance Charity, which is part of the world’s largest exchange called Binance, has promised to give $3 million to help people in the areas impacted by the recent earthquake in Morocco.
After a big earthquake hit Morocco on September 8 and sadly took many lives, Binance Charity, which is part of the big Binance exchange, decided to help. They want to make life better for people who are struggling and make sure that their help is clear and helpful.
They will check if people live in the area near Marrakesh-Safi Province and have finished some paperwork before September 9. If they did, they will get $100 in BNB tokens directly in their Binance account.
But, they also know that not everyone could finish the paperwork in time, so if people do it between September 9 and September 30, they will still get $25 in BNB tokens in their Binance account.
As a nice thing, Binance will also give $10 in BNB tokens to people who use Binance a lot, even if they are in areas that weren’t affected by the earthquake.
Around 70,000 Binance users in Morocco will get this help, and they will get it on September 12.
Binance Charity’s Meaningful Philanthropic Initiatives
Binance Charity has done many important things using special technology called blockchain to help people all around the world.
One of their projects is called “Empower Bududa,” where they help the Bududa community by making good changes in their area.
They also have a project called “Binance Lunch for Children,” where they make sure that kids who need it get good and healthy food.
When there are big natural disasters like earthquakes in places like Turkey and Syria, Binance Charity helps with their “Earthquake Appeal: Rebuilding & Recovery” project to fix things and make them better.
And they have something called the “Binance Charity Wallet” that makes it easy for people to donate cryptocurrency to help others, and it makes sure that everything is open and clear.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#cryptomarket #Morocco #moroccoearthquake #BinanceTournament
Binance Charity, which is part of the world’s largest exchange called Binance, has promised to give $3 million to help people in the areas impacted by the recent earthquake in Morocco.
After a big earthquake hit Morocco on September 8 and sadly took many lives, Binance Charity, which is part of the big Binance exchange, decided to help. They want to make life better for people who are struggling and make sure that their help is clear and helpful.
They will check if people live in the area near Marrakesh-Safi Province and have finished some paperwork before September 9. If they did, they will get $100 in BNB tokens directly in their Binance account.
But, they also know that not everyone could finish the paperwork in time, so if people do it between September 9 and September 30, they will still get $25 in BNB tokens in their Binance account.
As a nice thing, Binance will also give $10 in BNB tokens to people who use Binance a lot, even if they are in areas that weren’t affected by the earthquake.
Around 70,000 Binance users in Morocco will get this help, and they will get it on September 12.
Binance Charity’s Meaningful Philanthropic Initiatives
Binance Charity has done many important things using special technology called blockchain to help people all around the world.
One of their projects is called “Empower Bududa,” where they help the Bududa community by making good changes in their area.
They also have a project called “Binance Lunch for Children,” where they make sure that kids who need it get good and healthy food.
When there are big natural disasters like earthquakes in places like Turkey and Syria, Binance Charity helps with their “Earthquake Appeal: Rebuilding & Recovery” project to fix things and make them better.
And they have something called the “Binance Charity Wallet” that makes it easy for people to donate cryptocurrency to help others, and it makes sure that everything is open and clear.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#cryptomarket #Morocco #moroccoearthquake #BinanceTournament
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From $500 to Financial Freedom: A Crypto Journey
Embarking on a journey in the world of cryptocurrency with just $500 and achieving financial freedom is a story worth telling. While many trading influencers charge exorbitant fees for courses, here's a guide that will cost you nothing but your time. Let’s delve into the Volume Guide and how you can build a profitable trading strategy with it.
Understanding Indicators
Traders often view indicators as magical tools for predicting price movements. However, this is a misconception. If you don’t understand how an indicator is calculated, you shouldn’t rely on it. Indicators are merely visual aids for price data and come in two primary types:
1. Price-Derived Indicators
These indicators use candlestick data in their calculations. The most common ones are:
Moving Averages: The mean of the close prices from the previous x candles.RSI (Relative Strength Index): Measures the speed and change of price movements.Bollinger Bands: Measures market volatility and provide relative definitions of high and low prices.
Example: Moving Average
Moving averages help identify trends, general market structure, and continuations.Full Moving Average Guide:
2. Counting Indicators
The formula used for these indicators is based on different data sets, not candlesticks. Examples include:
Volume: Calculated by counting total transactions.Liquidations: Calculated by counting total liquidations.Open Interest: The total number of Longs plus Shorts.
Volume Masterclass
Volume is a crucial indicator in trading, calculated by counting the total number of contracts being traded.
Example: Volume Bar
A volume bar showing 2.628 million contracts traded over 4 hours (4H chart) doesn’t mean more buyers than sellers, as each buy order needs a matching sell order.An increase in volume indicates more market participation and higher volatility.
How I Trade with Volume
Low Volume: Indicates low speculation, with steady prices and volume. This is where I often play the continuation of trends.High Volume: Indicates more market participants and increased volatility, which I use to play breakouts.
Market Participants and Volume
Understanding who is trading and why is essential. Market participants might be driven by:
- News about an asset
- Major unlocks
- BTC breaking out
- Economic data releases
- Celebrity endorsements (e.g., Elon Musk)
This leads to two types of price action:
Standard Price Action: Stable but can be low liquidity, with trades taking longer to play out.Anomalies: Occur with increased market participants, represented by outlier volume bars, and characterized by high volatility and liquidity.
Trading Strategies with Volume
Traders use various strategies to navigate different volume conditions:
Anomalies and Swing Failure Patterns (SFP)
Some traders wait for volume-based anomalies and SFPs to counter-trade the direction of price.
Mean Reversion Trading
For mean reversion traders, outlier volume bars can trigger trades on tokens that spike unexpectedly, with the expectation that the speculation will die out, participants will exit, and the price will revert to the mean.
Volume-Based Confluences
There are numerous volume-based confluences traders can utilize. Here are a few that I will cover in upcoming guides:
Mean Reversion TradingSwing Failure Pattern (SFP) GuideVolume DivergencesStrength Buying vs. Strength Selling
Stay updated by joining me for first access to these guides: https://bitly.cx/BmLHk
Sentiment Analysis through Game Theory
Using game theory to understand absorption or resistance at key levels aids in sentiment analysis:
Example: $2M in market buys hitting a $5M limit sell wall and getting absorbed.
Red volume bars show stronger sell pressure, making buyers cautious or bearish, likely leading them to exit their positions. This sentiment shift can prompt sellers to step in with more shorts.
The Role of Volume
While volume is more than a visual aid, it's still not a predictive tool for price action. No such indicator exists. It requires testing and journaling like any other indicator.
Conclusion
By understanding and leveraging volume, you can develop a robust trading strategy. Remember, no indicator is foolproof, and continual learning and adaptation are key. I hope this guide enhances your understanding and helps you on your journey to financial freedom.
Stay tuned for more detailed guides and insights.
#Learning #technical_analysis
Understanding Indicators
Traders often view indicators as magical tools for predicting price movements. However, this is a misconception. If you don’t understand how an indicator is calculated, you shouldn’t rely on it. Indicators are merely visual aids for price data and come in two primary types:
1. Price-Derived Indicators
These indicators use candlestick data in their calculations. The most common ones are:
Moving Averages: The mean of the close prices from the previous x candles.RSI (Relative Strength Index): Measures the speed and change of price movements.Bollinger Bands: Measures market volatility and provide relative definitions of high and low prices.
Example: Moving Average
Moving averages help identify trends, general market structure, and continuations.Full Moving Average Guide:
2. Counting Indicators
The formula used for these indicators is based on different data sets, not candlesticks. Examples include:
Volume: Calculated by counting total transactions.Liquidations: Calculated by counting total liquidations.Open Interest: The total number of Longs plus Shorts.
Volume Masterclass
Volume is a crucial indicator in trading, calculated by counting the total number of contracts being traded.
Example: Volume Bar
A volume bar showing 2.628 million contracts traded over 4 hours (4H chart) doesn’t mean more buyers than sellers, as each buy order needs a matching sell order.An increase in volume indicates more market participation and higher volatility.
How I Trade with Volume
Low Volume: Indicates low speculation, with steady prices and volume. This is where I often play the continuation of trends.High Volume: Indicates more market participants and increased volatility, which I use to play breakouts.
Market Participants and Volume
Understanding who is trading and why is essential. Market participants might be driven by:
- News about an asset
- Major unlocks
- BTC breaking out
- Economic data releases
- Celebrity endorsements (e.g., Elon Musk)
This leads to two types of price action:
Standard Price Action: Stable but can be low liquidity, with trades taking longer to play out.Anomalies: Occur with increased market participants, represented by outlier volume bars, and characterized by high volatility and liquidity.
Trading Strategies with Volume
Traders use various strategies to navigate different volume conditions:
Anomalies and Swing Failure Patterns (SFP)
Some traders wait for volume-based anomalies and SFPs to counter-trade the direction of price.
Mean Reversion Trading
For mean reversion traders, outlier volume bars can trigger trades on tokens that spike unexpectedly, with the expectation that the speculation will die out, participants will exit, and the price will revert to the mean.
Volume-Based Confluences
There are numerous volume-based confluences traders can utilize. Here are a few that I will cover in upcoming guides:
Mean Reversion TradingSwing Failure Pattern (SFP) GuideVolume DivergencesStrength Buying vs. Strength Selling
Stay updated by joining me for first access to these guides: https://bitly.cx/BmLHk
Sentiment Analysis through Game Theory
Using game theory to understand absorption or resistance at key levels aids in sentiment analysis:
Example: $2M in market buys hitting a $5M limit sell wall and getting absorbed.
Red volume bars show stronger sell pressure, making buyers cautious or bearish, likely leading them to exit their positions. This sentiment shift can prompt sellers to step in with more shorts.
The Role of Volume
While volume is more than a visual aid, it's still not a predictive tool for price action. No such indicator exists. It requires testing and journaling like any other indicator.
Conclusion
By understanding and leveraging volume, you can develop a robust trading strategy. Remember, no indicator is foolproof, and continual learning and adaptation are key. I hope this guide enhances your understanding and helps you on your journey to financial freedom.
Stay tuned for more detailed guides and insights.
#Learning #technical_analysis
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Binance Academy Weekly Recap
🔥 Binance Highlights
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Binance Blog explains how to leverage market momentum with Trailing Up and Trailing Down features in Binance Futures grid trading.Binance appoints Guilherme Nazar as Head of Latin America.Binance awards honors to 15 exceptional Binance Angels for their outstanding efforts and dedication.Binance introduces Banana Gun (BANANA) on the Binance Airdrop Portal.Binance Margin adds new USDC trading pairs on Cross and Isolated Margin.
🗞️In The News
Mt. Gox creditors face unauthorized login attempts amid Bitcoin repayments.Global Microsoft Windows failure disrupts various critical services across the globe, including emergency services, banks, airports, and broadcasters.Polygon Labs’s MATIC-POL migration is confirmed for September 4, 2024.OpenAI launches a new “GPT-4o mini” generative AI model.Greece plans to introduce a tax framework for cryptocurrencies and digital assets.
📖Binance Academy Knowledge
What Are Forward and Futures Contracts?What Is the Binance Airdrop Portal?The Relationship Between Blockchain and AIWhat Is an Ethereum ETF?Your Guide to Binance Deposit/Withdrawal
