The stock market was generally down yesterday even though the poster child of the AI revolution #Nvidia posted better than expected results in their quarterly earnings.
Apparently, their success failed to impress investors. The stock market has started behaving more like crypto and crypto with their patient trades is becoming more like the stock markets. š
The 62000 level broke and the price has plummeted to the 58000 zone which I believe is the support level where there are a lot of buyers. It has bounced back quickly just like the last time.
The 62,000 level is critical for any further upside, IMO. If it stays above this level even if there is some sideways movement I think more buyers will push the price up.
Binance Labs Invests in Four Leading Projects from BNB Chain's MVB Season 7
BNB Chainās Most Valuable Builder (MVB) Program, renowned for its rigorous selection process, continues to spotlight and support exceptional Web3 innovators. In Season 7, the program attracted over 700 applications, with a highly selective acceptance rate of less than 2%. This season, 13 standout teams were chosen for their extraordinary contributions to the Web3 space, and Binance Labs has invested in four of these top-performing projects.The MVB Accelerator Program offers a comprehensive curriculum tailored to the needs of early-stage Web3 projects. Participants benefit from personalized mentorship from experts at BNB Chain, CMC Labs, and Binance Labs. They also gain insights from successful founders through fireside chats and access to the BNB Chain Launch-as-a-Service (LaaS) package, which provides infrastructure, security, treasury management, business growth, and marketing support valued at up to $300,000.MVB Program Success: Over 700 applications were submitted, with less than 2% accepted.Selected Projects: Binance Labs invested in Aggregata, Opinion Labs, SideKick, and Vooi, recognizing their innovation in the Web3 space.Binance Labsā Investments in Season 7 ProjectsFollowing a rigorous evaluation process, Binance Labs has announced its investment in the following four projects, recognizing their high potential and commitment to advancing the Web3 ecosystem:Aggregata: A unified platform that integrates AI data, models, and computing into a seamless, one-stop solution.Opinion Labs: A dynamic platform for opinion and continuous prediction markets.SideKick: A consolidation hub for social interactions, games, and beyond.Vooi: A cross-chain perpetual DEX aggregator supporting both EVM and non-EVM chains.
š Mastering Chart Patterns: The Key to Successful Trading! š
No matter which chart pattern you study, remember this: recognizing breakouts is where the real magic happens! āØ Understanding patterns is just the first step; itās the ability to identify those pivotal breakout moments that can turn your insights into profits. š° Stay vigilant, keep learning, and watch your trading skills soar! š #TradingTips #ChartPatterns #Breakout #InvestSmart #FinancialFreedom
Yes broader market sentiments, rate cuts, inflation data are important. However, past price movements cannot be neglected either. If a price has bounced (reversed) at an area then the chances of doing it again are always there. Take these price actions when deciding to enter or exit a trade.
Example $BTC price has been dropping on a daily basis but could find support at the 62,000 area.
Looking to trade smarter, not harder? Longer time frames give you a clearer picture of overall market trends, cutting through the noise of short-term fluctuations. This clarity is a lifesaver, especially if you can't watch the charts all dayāless stress, more strategy! Plus, longer time frames promote discipline and patience, the secret ingredients for long-term trading success.
Ready to trade with a clearer vision? Embrace the power of longer time frames and transform your trading game! ššŖ #TradeSmart #CryptoStrategy
š Flashback to Ethereumās Origins! š Did you know that Ethereum, the groundbreaking blockchain platform, was born from an idea by Vitalik Buterin in late 2013?
Fast forward to July 30, 2015 š, and the Ethereum network officially went live, forever changing the crypto landscape. š” Ethereum wasnāt just another cryptocurrency; it introduced the world to smart contracts and decentralized applications (DApps), making it a versatile powerhouse in the blockchain space.
From a revolutionary concept to a major player in the crypto world, Ethereumās journey is a testament to innovation and vision. Dive into the world of Ethereum and explore the future of decentralized technology! šš #Blockchain #CryptoHistory #SmartContracts #Ethereum
Jumping into cryptocurrency trading can be both exciting and overwhelming, especially for beginners. One of the most crucial decisions youāll face is choosing the right time frame for your analysis and trades. With options ranging from one-minute charts to monthly views, the 4-hour (4H) and daily (1D) time frames stand out as particularly beneficial for those just starting out.
If you are new to trading, then I would always suggest starting with higher time frames 4H and 1D onwards. Since you are new, your goal must be to learn as much as possible about trading and less about making each trade profitable. The high volatility of the crypto market may put off new entrants causing much grief if you want to make profits from the word go. The 4-hour time frame offers a balanced approach. It provides enough detail to help you identify significant price movements while filtering out much of the noise that comes with shorter time frames. This makes it easier for you to spot medium-term trends and plan trades that can last several days. The reduced volatility in this time frame allows you to make more informed decisions without feeling overwhelmed by constant price fluctuations.
On the other hand, the daily time frame gives you a broader perspective of market trends, which is invaluable for beginners. It helps you identify key support and resistance levels, essential for making informed trading decisions. The daily chart is especially suited for swing trading strategies, allowing you to balance potential profits with manageable risks. Plus, it gives you ample time for thorough analysis, which is critical as you acclimate to the complexities of the crypto market.
Longer time frames present a clearer picture of overall market trends, reducing the likelihood of being misled by the erratic movements that characterize shorter time frames. This clarity is particularly beneficial if you canāt monitor charts constantly throughout the day which can be very stressful. Moreover, these time frames encourage a disciplined and patient approach to tradingāqualities that are essential for long-term success.
While the 4-hour and daily time frames are generally recommended, the best choice can vary based on your individual trading style, goals, and the time you have available for analysis. As you gain experience and confidence, experimenting with different time frames can help you discover what aligns best with your evolving trading strategies. Starting your cryptocurrency trading journey with the 4-hour and daily time frames can provide a solid foundation. These intervals offer balanced insights into the market, allowing you to develop your skills without getting lost in the chaos of shorter-term trading. As you navigate the dynamic landscape of cryptocurrency, remember that continuous learning and adaptation will be key to your success. $BTC $SOL #BTC
Jumping into cryptocurrency trading can be both exciting and overwhelming, especially for beginners. One of the most crucial decisions youāll face is choosing the right time frame for your analysis and trades. With options ranging from one-minute charts to monthly views, the 4-hour (4H) and daily (1D) time frames stand out as particularly beneficial for those just starting out.
If you are new to trading, then I would always suggest starting with higher time frames 4H and 1D onwards. Since you a