The number of people holding $BTC and making a profit is currently very high, this is understandable when BTC continuously breaks ATH!
Currently, too many people who have suffered together for the past 3 years are doubting altcoins, but it makes me more confident about an upcoming alt season!
BTC is high, altcoins do not increase, making AE afraid that BTC will correct altcoins and decrease sharply without thinking about the story of cash flow from BTC riskon to alt!
Meme season is really overshadowing many potential altcoins!
$ONDO $OM $CPOOL is an example of silent growth that few people are shouting about because there is a possibility that few people still have stock now
Last night, the price of $BTC BTC was just under 700 USD away from ATH, but still lacked the strength to break through and establish a new ATH.
This may be partly due to the sentiment of investors when seeing the 100,000 USD threshold, they tend to take profits or switch to Altcoin cyclically.
🔹 An extremely positive signal is emerging as Tether and Circle continuously mint $USDT and $USDC , and this capital is being poured into the exchange. This is not a sign of a downturn, especially when there is a lot of supportive news for the crypto market.
🔸 TradFi continuously shills $BTC , and MM continuously deposits into the exchange. Don’t let a few days of stability in the market deceive the bullish sentiment of everyone! #MarketDownturn #BTC☀
On the Binance floor, there have been some coins that have experienced strong growth with a rate of X200 before entering the vibrant Altcoin season.
A typical project is $OM , related to the RWA trend, which was launched at the end of the previous season and went through a downtrend phase, but has recently recovered significantly.
As the coin price rises, many investors feel hesitant and do not want to enter, while investment funds continue to push the price up.
We will witness many similar coins in the upcoming period, hoping to find the right project to surpass the upcoming phase.
I have also reminded AE about $OM , don't know if AE has acquired this asset yet? #MarketDownturn #BTC☀
Bitcoin continues its journey to close the candle next week of November... And is currently holding steady at a price range around $90k quite well.
After the first 2 weeks of excitement with many Crypto-related news, this week there will not be any major news affecting the price of $BTC BTC. So the possibility of price fluctuations for $BTC is not much? Maybe there will be a small adjustment when Binance releases Launchpool.
Altcoins at the moment have basically decreased a lot and most altcoins have formed a bottom. So with Bitcoin's small pump and dump waves, altcoins will not plummet as much as before.
So now, if anyone still has usdt, watch for each red adjustment of BTC to increase the number of coins for themselves, try to accumulate enough coins in your pocket to best prepare for the strong bullrun wave for altcoins coming soon. If you are in full stock, you don't need to do anything, sitting still is also an effective and successful investment.
The market is green again and MEME is outperforming other Altcoins!
Here are some potential coins that AE can add to the watch list or accumulate:
- $NEIRO : Dubbed the CTO of the $ETH generation, with a capitalization of about 1 billion USD, promising to follow $PEPE and is part of the Doge generation with the support of Elon Musk.
- $BABYDOGE: Mentioned by Elon since 2021, with an accumulation chart of 200 million to 400 million USD in the past 3 years.
- $BANANA: The first special meme product of the fruit type, capitalization of about 200 million USD.
- $GROK and $TURBO: AI memes promise high potential on Tier 1 exchanges.
Note that some ecosystem coins such as $PNUT , $WIF, $BONK are also waiting for growth opportunities. Wish you successful investment! #MarketDownturn #BTC☀
How Beginners Can Make $1,000 in 7 Days Using 5-Minute Candle Patterns
Trading with 5-minute candle patterns is an approach that allows beginners to engage in short-term trading with manageable risk and quick feedback. While making consistent profits isn’t guaranteed, using a solid strategy and strict discipline could help beginners reach their goals in a short time. Here’s a beginner-friendly approach to potentially earning $1,000 in 7 days by trading 5-minute candlestick patterns.
1. Understanding 5-Minute Candlestick Patterns
A candlestick chart shows the price movement over a certain period, with each candle representing a specific time frame. In this strategy, we focus on the 5-minute candlestick patterns because they allow traders to act quickly and respond to short-term price trends. Key elements of a candlestick include:
Open and Close Prices: Define the range of the candlestick.
High and Low Wicks: Represent the extremes of price within that 5-minute window.
Familiarizing yourself with different candlestick patterns is essential. Some common 5-minute patterns to watch are the Doji, Hammer, and Engulfing patterns.
2. Choosing the Right Platform
Selecting a reliable trading platform with fast execution is critical for this strategy. Look for platforms with low fees and user-friendly interfaces. Popular options include TradingView, MetaTrader 4, and TD Ameritrade.
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3. Essential Patterns for 5-Minute Trading
Here are three powerful patterns beginners can focus on when trading 5-minute candles:
A. Bullish Hammer Pattern
The Bullish Hammer forms when the price drops significantly but recovers by the end of the 5-minute period, creating a hammer-like shape. This often suggests the buyers have taken control, making it a potential buy signal.
B. Bearish Engulfing Pattern
This pattern appears when a small bullish candle is followed by a larger bearish candle that fully engulfs it. This indicates a potential downtrend, signaling a possible short-sell opportunity.
C. Doji Pattern
A Doji forms when the opening and closing prices are almost the same, forming a cross or “plus” shape. This pattern often signals market indecision, which could precede a reversal.
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4. Setting Entry and Exit Points
To make $1,000 in a week, disciplined entry and exit points are vital. Here’s how to approach them:
Entry Point: Enter a trade when a strong pattern forms near a support or resistance level.
Stop-Loss: Use a stop-loss to minimize potential losses. For example, place it below the lowest point of a Bullish Hammer or above the highest point of a Bearish Engulfing candle.
Take-Profit Level: Set realistic profit targets based on historical price movements. A good rule is to aim for a 2:1 reward-to-risk ratio.
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5. Using Technical Indicators to Confirm Patterns
Combining patterns with technical indicators can help validate signals:
Moving Averages (MA): The 20-period and 50-period MAs can indicate momentum.
Relative Strength Index (RSI): When RSI is below 30, it might suggest an oversold market, potentially indicating an upcoming price increase.
Volume: Higher volume during a pattern formation can indicate stronger market conviction.
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6. Practice with a Demo Account
Trading 5-minute candles can be fast-paced, so practice is essential. Most trading platforms offer demo accounts where you can trade with virtual money. This allows you to refine your skills without risking actual capital.
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7. Set Realistic Daily Goals
To reach a $1,000 goal in seven days, aim for daily returns. Break down the goal into achievable daily targets. If you’re aiming for $1,000, that’s about $143 per day. By sticking to your trading plan and stopping once you reach your daily goal, you can avoid overtrading and potentially costly mistakes.
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8. Managing Risk and Capital
Effective risk management is critical for long-term success in trading. Beginners should risk only a small percentage of their capital per trade, often no more than 1-2%. Trading is inherently risky, and focusing on protecting capital is more sustainable than chasing profit.
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9. Evaluating Your Performance
After each day, analyze your trades to understand what worked and what didn’t. Keep a trading journal and track your progress, noting which patterns were most effective. This self-review process helps in fine-tuning your strategy and increasing confidence.
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Conclusion
Making $1,000 in a week with 5-minute candlestick trading is ambitious, but possible for disciplined beginners. Remember, every trade involves risk, and consistent profits are not guaranteed. Practice diligently, manage your risk, and focus on learning the process over quick gains. With patience, this strategy can serve as a stepping stone to more advanced trading skills.
$DOGE Is DOGEUSDT About to Crash? 🐶💰 DOGE (Dogecoin), one of the original meme coins, saw a big dip of 6.85%. Known for its close connection to market trends and social media vibes, correction is must when btc down trend all alt coin move bearish .today Doge test 0.20 $ .ready for that keep eye on the market to take a position .Dogecoin is still a fan favorite thanks to its strong community and backing from big names. 📉
Even though it’s in the red today, DOGE maintains its spot as a major player in crypto due to its easy access and iconic brand. 🚀 $DOGE $BTC
$DOGS ⚠️ ALERT FOR THE NEXT 12 HOURS and ENTRY & EXIT STRATEGY
$DOGS Here is the analysis of the DOGS/USDT chart for the next 12 hours: 1. Last Price: The current price is 0.0006429 USDT, with a slight increase of +0.45%. This indicates relatively stable movement after some fluctuations. 2. Support and Resistance Levels: The nearest Resistance is around the 24-hour high of 0.0007354 USDT. The nearest Support is at the 24-hour low level of 0.0006212 USDT. 3. Moving Average Indicator: MA(7) and MA(25) are currently close to the price, indicating potential consolidation. If the price remains above MA(7) and MA(25), it could be a short-term bullish signal. MA(99) is below the current price, indicating the trend is still supported from below. 4. RSI Indicator: The RSI is around 43.68, slightly above the oversold area. This shows the market is in a neutral zone but could fall if selling pressure increases. 5. MACD Indicator: The MACD is in the negative zone, but the histogram is close to zero. This indicates that bearish momentum may be weakening, although there’s no strong reversal signal yet. 6. Volume: Trading volume is stable without significant spikes, indicating a lack of strong momentum for either bullish or bearish movements. Prediction for the Next 12 Hours: Bullish: If the price manages to stay above the support level and breaks through MA(25), there is potential to retest the resistance level around 0.0006500 - 0.0006700 USDT. Bearish: If selling pressure increases and the price drops below the support level of 0.0006212, it could move lower towards 0.0006000 USDT. Recommendation: Entry Buy: Consider an entry buy if the price moves up and stabilizes above 0.0006500 USDT with a bullish confirmation, targeting around 0.0006700 - 0.0007000 USDT, and a stop-loss below 0.0006212 USDT. Entry Sell: Consider an entry sell if the price drops below 0.0006212 USDT, targeting around 0.0006000 USDT, and a stop-loss above 0.0006500 USDT. This analysis is based on current technical indicators, and market conditions may change. Be sure to manage risk carefully.
Market Update Bitcoin has been on a tear lately, and it seems like the market is getting greedier by the day! We've been discussing the possibility of Bitcoin reaching $100K, and while some indicators are pointing to a potential short-term dip, we can't rule out the possibility of a move towards that psychological resistance level. Here's what we're watching: * 100K Resistance: The $100K level is a major psychological resistance level, and if Bitcoin breaks through this level, we could see a significant move higher. * Market Structure: We're looking for a break of the current market structure, which could signal a move towards $100K. * CME Gap: If Bitcoin breaks through the $100K level, it could fill the CME gap at $102K. What to Do Next: It's important to remember that the market is always unpredictable, and there's no guarantee that Bitcoin will reach $100K. However, it's definitely a possibility, and it's worth keeping an eye on. Here are some tips for navigating the market: * Stay Informed: Keep up-to-date on the latest news and developments in the cryptocurrency market. * Do Your Own Research: Don't just take our word for it. Do your own research and make your own decisions. * Manage Your Risk: Always use stop-loss orders to protect your investment. * Don't Get Greedy: Take profits when you have the chance. We'll continue to monitor the market closely and provide you with updates as needed. Binance Square Family We hope this analysis has been helpful. If you have any questions, please feel free to leave a comment. We are always happy to help. Thank you for your support!
Although there was an increase in buying money when trading in the US started, there was quite a lot of FUD appearing to create a market correction last night:
- Israel's attack on Beirut (Lebanon)
- Bhutan government sells Bitcoin
💥 It seems that the price of $BTC 100k is creating increasing selling pressure, this is an important psychological threshold that investors are waiting for. In this market, the differentiation between buyers and sellers always exists; some expect the price to exceed 100k-200k, while others take profits when they see profits.
🌊 The memecoin trend is also attracting fomo money, so those who hold stablecoins and altcoins need to be careful in adjusting their portfolios to memecoin.
I advise you: Avoid fomo at high prices to avoid falling into the peak situation! #MarketDownturn #BTC☀
$BTC continues to set new ATH prices, with the highest record being 93k2. However, all attention is focused on memes as the world's largest exchanges continue to list memecoins.
📈 From Binance, Coinbase, Upbit, to Robinhood, all announced Memecoin listings in the past 24 hours. Memecoin holders are happy, non-holders are frustrated, but as the meta of the market, players have to accept it.
Many OGs have commented that this season, tech coins are difficult to survive, while memes bring new colors with better price performance, making it easier to attract newbies.
$DOGE this wave is positioned according to data $BTC
Elon Musk swung 130 million USD to support Trump winning, which is beneficial for both sides.
Recently, in response to Musk's goodwill, Trump has chosen him and Vivek Ramaswamy to lead the Department of Government Efficiency - abbreviated as "DoGE"
DOGE like a tiger growing wings. Let's see how far this little pup can go with the president backing it up, ae! #MarketDownturn #BTC☀ #Dogecoin
$BTC has the current resistance trend line at $90K8 - $91K2 for you guys. Regarding USDT, it is currently in a sensitive zone.
In the previous trading session, this index touched the trend line and then showed signs of rising, which caused altcoins to record declines of 30-70%.
1. If the trend line is broken, USDT.D may continue to drop to the level of 2.6-2.5%, and altcoins could explode like in the period from Q4/2023 to Q1/2024.
2. If the index touches the trend line and bounces up to 4.9% and then starts to decline from there, those who missed the opportunity in the previous wave may consider buying when USDT.D hits 4.9%.
- Futu: In this sensitive context, all LONG positions with unfavorable entry points should be closed to take profits or execute stop-loss orders.
- Spot: If the position is good, it can be held until USDT.D returns to the 2.5% range.
Wishing you all a successful bull run, wherever you place your bets! #BTC☀ #MarketDownturn
$BTC reaching 100k is entirely possible this month and even crazier this week!
Most investors who bought the dip during the recent U.S. presidential election are making big profits, while those who patiently DCA'd over the past 6 months have also either broken even or made a profit.
📈 Now is the time for new momentum to be injected into the market. It's worth mentioning that TradFi is approaching Bitcoin extremely strongly through Spot ETFs, and Ethereum may be next.
The psychological level of 100k is extremely important because such huge numbers will attract a large number of new people entering the market!