Elytexchange
@elytexchange
crypto enthusiasts and a technical analyst.
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6 RULES/GUIDANCE YOU NEED AS A BEGINNER IN TRADING
Hello friends, with crypto trading becoming vast in the world 🌎 and a lot of more people having interest in trading, I have decided to put out some guidance/rules you need to follow as a beginner to be successful.
1. EMOTIONAL TRADES
Avoid trading on emotion like FOMO or revenge
2. IGNORING RULES:
Don’t break your trading rules.
3. CHART OVERLOAD:
Too much chat watching can overwhelm you.
4. TIRED EYES, DIZZY MIND:
Rest when your eyes and mind are tired.
5. DESPERATE SEARCH:
Don’t rush into trades, wait for clear signals.
6. FEELING UNWELL:
Trading is best when you are physically and emotionally well. take a breather, clear your mind and come back stronger 💪
#hodl #BTC #ETH #etf #Blast
Hello friends, with crypto trading becoming vast in the world 🌎 and a lot of more people having interest in trading, I have decided to put out some guidance/rules you need to follow as a beginner to be successful.
1. EMOTIONAL TRADES
Avoid trading on emotion like FOMO or revenge
2. IGNORING RULES:
Don’t break your trading rules.
3. CHART OVERLOAD:
Too much chat watching can overwhelm you.
4. TIRED EYES, DIZZY MIND:
Rest when your eyes and mind are tired.
5. DESPERATE SEARCH:
Don’t rush into trades, wait for clear signals.
6. FEELING UNWELL:
Trading is best when you are physically and emotionally well. take a breather, clear your mind and come back stronger 💪
#hodl #BTC #ETH #etf #Blast
Do you trade currency pair too ? Now add me up for signals.
#tradingtechnique #forex #technicalanalyst #fundamentals #FundamentalAnalysis
#tradingtechnique #forex #technicalanalyst #fundamentals #FundamentalAnalysis
A minute of silent for all those who bought US dollars at the rate of #1,870 per dollar ,hoping to sell at #10,000 per dollar by the end of March.
And 30 minutes of silence for those that never wants naira to gain strength, that also don’t know the effect of naira losing strength on the Nigerian economy.
#HotTrends #Write2Erarn #write2earn…. #nigeriaP2P #Nigeria's
And 30 minutes of silence for those that never wants naira to gain strength, that also don’t know the effect of naira losing strength on the Nigerian economy.
#HotTrends #Write2Erarn #write2earn…. #nigeriaP2P #Nigeria's
TECHNICAL ANALYSIS ON NAIRA
Naira forming a new lower low at 1476.29 is a good sign that naira will keep gaining strength over time.
Next stop is 1372.62 which will happen soon and as soon as it breaks the 1372.62 support then 959.59 is in sight
I think Nigerians should rejoice, me personally I am rejoicing.
#HotTrends #NairaStrength #Naira #NigeriaVsBinance #NigerianTraders
Naira forming a new lower low at 1476.29 is a good sign that naira will keep gaining strength over time.
Next stop is 1372.62 which will happen soon and as soon as it breaks the 1372.62 support then 959.59 is in sight
I think Nigerians should rejoice, me personally I am rejoicing.
#HotTrends #NairaStrength #Naira #NigeriaVsBinance #NigerianTraders
NAIRA meant business this time 🇳🇬
Few days ago naira formed a new lower low at 1590 and tested that resistance yesterday and today.
Hope it maintains this and keeps gaining strength 🙏
crypto regulations in Nigeria having impact on naira?
#TrendingTopic #Write2Earn
Few days ago naira formed a new lower low at 1590 and tested that resistance yesterday and today.
Hope it maintains this and keeps gaining strength 🙏
crypto regulations in Nigeria having impact on naira?
#TrendingTopic #Write2Earn
LETS TALK ABOUT NAIRA 🇳🇬
Some couple of days ago now, naira has been gaining strength over dollars 💵 USDT/NGN.
Naira forming a new lower low at 1590 . Since last year, this is the only time I have seen naira actually ready for gains. Make e just continue Dey gain strength like this.
Has the regulation of crypto in Nigeria been of any help so far ?
#TrendingTopic #Write2Earn
Some couple of days ago now, naira has been gaining strength over dollars 💵 USDT/NGN.
Naira forming a new lower low at 1590 . Since last year, this is the only time I have seen naira actually ready for gains. Make e just continue Dey gain strength like this.
Has the regulation of crypto in Nigeria been of any help so far ?
#TrendingTopic #Write2Earn
Valentines will come and go. If you don’t have a partner that’s okay. What matters is you have $BTC Bitcoin before #BitcoinHalving2024 #Write2Earn
My 4 STEP PLAN TO CRUSH 2024-2025 CRYPTO BULL RUN.
Today I have decided to share my laid down plans to crush 2024-2025 crypto bull run with you.
Now is the time to be paying attention to the market as all signs are indicating that this is the start of crypto bull run by all metrics so 2024 will be a great year for crypto investors because 3 or 4 huge events that will happen comes 2024, events like
1. $BTC halving
2. ETF/Bitcoin approval
3. US presidential election Etc
this event will make 2024 a great time to get into crypto DYOR
1. YOU NEED TO HAVE A SUBSTANTIAL AMOUNT OF BITCOIN OR $ETH IN YOUR PORTFOLIO
It makes a lot of sense to have more of Bitcoin or ethereum than you have altcoins in your portfolio because it helps you balance your portfolio, by always having Bitcoin and ethereum you know that half of your portfolio is not going to fluctuate that much.
2. HAVE BITCOIN AND ETHEREUM EXPOSURE.
All of the entire crypto market depends on Bitcoin and ethereum. The market moves up and down together dictated by Bitcoin and ethereum so if you don’t track the prices of Bitcoin and ethereum you won’t have a clear idea if a altcoin is going up by itself or it’s actually been held up by Bitcoin move.
That is the comparison you need to make all the time and you can only do that if you have Bitcoin and ethereum exposure.
3. Focus on few coin.
I think everyone should identify 2-3 sectors of altcoin you have a major interest in and you think you understand well to focus on for the next bull run.
4. UNDERSTAND THE MAJOR MARKET FORCES
You need to understand both the negative and positive events
Now with that in mind we know that 2024 will be bullish because the entire year is filled with events
#etf #ETH
#WLD #BTC
#RichardTeng
Today I have decided to share my laid down plans to crush 2024-2025 crypto bull run with you.
Now is the time to be paying attention to the market as all signs are indicating that this is the start of crypto bull run by all metrics so 2024 will be a great year for crypto investors because 3 or 4 huge events that will happen comes 2024, events like
1. $BTC halving
2. ETF/Bitcoin approval
3. US presidential election Etc
this event will make 2024 a great time to get into crypto DYOR
1. YOU NEED TO HAVE A SUBSTANTIAL AMOUNT OF BITCOIN OR $ETH IN YOUR PORTFOLIO
It makes a lot of sense to have more of Bitcoin or ethereum than you have altcoins in your portfolio because it helps you balance your portfolio, by always having Bitcoin and ethereum you know that half of your portfolio is not going to fluctuate that much.
2. HAVE BITCOIN AND ETHEREUM EXPOSURE.
All of the entire crypto market depends on Bitcoin and ethereum. The market moves up and down together dictated by Bitcoin and ethereum so if you don’t track the prices of Bitcoin and ethereum you won’t have a clear idea if a altcoin is going up by itself or it’s actually been held up by Bitcoin move.
That is the comparison you need to make all the time and you can only do that if you have Bitcoin and ethereum exposure.
3. Focus on few coin.
I think everyone should identify 2-3 sectors of altcoin you have a major interest in and you think you understand well to focus on for the next bull run.
4. UNDERSTAND THE MAJOR MARKET FORCES
You need to understand both the negative and positive events
Now with that in mind we know that 2024 will be bullish because the entire year is filled with events
#etf #ETH
#WLD #BTC
#RichardTeng
7 Crucial Trading Rules to Live By
As a trader, your main goal is to take advantage of market opportunities by buying and selling major currency pairs. But trading is no walk in the park. While it’s one of the most popular ways to invest, it also requires plenty of study and research. To make returns in trading, you need a solid plan. That means developing a well-defined strategy so you can keep an eye on price movements. This is where short-term trading tools can be helpful, but only when you have a clear plan in place when trad
Bitcoin: Why this is the right time to accumulate
As per a recent analysis, the chances of Bitcoin sliding under the $30,000 mark are slim. Things in the short term also look bullish. Historical data suggested that Bitcoin’s value will not go below a support level. BTC’s network activity remained robust, which was a bullish signal. Bitcoin [BTC] displayed a promising bull rally in October, surging by 22% and finally going above $37,000. At the time of writing, BTC was trading at $36,510.30 with a market capitalization of over $713 billion. Bitc
Here’s What You Need to Know About Binance’s New CEO
Teng’s experience as a top employee who worked with government entities makes him a “highly qualified leader,” according to CZ.Richard Teng, the new CEO of the world’s largest cryptocurrency exchange, Binance, is no stranger to the world of finance. His ascent into the new position substantiates rumors that made the rounds earlier this year about him being the right fit for the job amid Binance’s regulatory woes.According to a company blog post, Teng joined the exchange in August 2021 as the CEO
Binance Remains the Largest Crypto Exchange Despite Recent Outflow
Changpeng Zhao stepped down as Binance CEO, pleading guilty to breaching anti-money laundering laws.Binance saw a liquidity crisis and a major outflow of assets following Zhao’s move.Despite these challenges, Binance leads as non-US users are less involved in the asset outflow.Binance continues to linger at the forefront of the blockchain industry despite the ongoing regulatory pressures and Changpeng Zhao’s resignation. According to a recent CryptoQuant report, non-US users of Binance are less
Panic At Binance Following CZ’s Departure? Analyzing 24-Hour Inflow and Outflow Trends
A new era for the crypto industry approaches as the world’s largest exchange, Binance, changes leadership. Yesterday, the company’s founder and CEO, Changpeng “CZ” Zhao, stepped down as part of an agreement with the US government.The deal might have sparked a new era of adoption and legitimacy for the nascent industry at the cost of CZ’s position and a $4 billion fine. Fresh data looked into Binance’s transactions to check if users believe in the company’s future following the historic decision.
Binance Faces Significant Outflows and Liquidations
Data from DeFi TVL aggregator DefiLlama reveals that Binance has witnessed significant outflows totaling $1.01 billion in the last 24 hours. That adds to a net outflow of $703 million over the past week.Despite these recent outflows, Binance still recorded net inflows of $1.68 billion in the past month, making it the leader among all centralized crypto exchanges tracked by DeFiLama.OKEx, on the other hand, has seen substantial gains as users migrate from Binance. The exchange experienced net inf
$BNB BNB drops by over 9% amidst Binance’s $4.3B settlement and CEO’s resignation
Binance, the world's leading crypto exchange, is facing legal and financial difficulties in an unexpected turn of events. This turbulent situation has resulted in a significant drop in the value of its native token, BNB.
A massive $4.3 billion settlement with the US Department of Justice (DoJ) and a high-profile leadership change, with CEO Changpeng Zhao stepping down, are two key factors contributing to this upheaval.
The announcement of a large settlement by the United States Department of Justice has sent shockwaves through the cryptocurrency community.
Binance is now being investigated by the authorities, with Zhao admitting to security law violations as part of the settlement.
This development has resulted in a significant leadership change, raising concerns about the exchange's future direction.
The fallout from these legal and leadership challenges has been swift. Binance's native token, BNB, has experienced a 9% drop in just 24 hours. The token's value is now hovering around $234.35, reflecting the market's uncertainty about Binance's stability.
Adding to the complication, according to DeFiLlama's data, Binance experienced a significant net outflow of funds, surpassing $1 billion in a single day.
This contrasts sharply with the inflows observed by other competing exchanges, emphasizing Binance's uneasy environment.
Despite these challenges, Binance has a formidable asset value of more than $67.9 billion. This shows that, despite the market turmoil, Binance remains a significant player in the cryptocurrency market.
As the situation develops, industry participants and investors will be watching Binance closely to see how it handles these challenges and adapts to the changing crypto landscape.
The post $BNB BNB drops by over %9 amidst binance $4.3B settlements and CEOs resignation appeared first on optimisus.
#RichardTeng #opbnb #BNB-9.68%
Binance, the world's leading crypto exchange, is facing legal and financial difficulties in an unexpected turn of events. This turbulent situation has resulted in a significant drop in the value of its native token, BNB.
A massive $4.3 billion settlement with the US Department of Justice (DoJ) and a high-profile leadership change, with CEO Changpeng Zhao stepping down, are two key factors contributing to this upheaval.
The announcement of a large settlement by the United States Department of Justice has sent shockwaves through the cryptocurrency community.
Binance is now being investigated by the authorities, with Zhao admitting to security law violations as part of the settlement.
This development has resulted in a significant leadership change, raising concerns about the exchange's future direction.
The fallout from these legal and leadership challenges has been swift. Binance's native token, BNB, has experienced a 9% drop in just 24 hours. The token's value is now hovering around $234.35, reflecting the market's uncertainty about Binance's stability.
Adding to the complication, according to DeFiLlama's data, Binance experienced a significant net outflow of funds, surpassing $1 billion in a single day.
This contrasts sharply with the inflows observed by other competing exchanges, emphasizing Binance's uneasy environment.
Despite these challenges, Binance has a formidable asset value of more than $67.9 billion. This shows that, despite the market turmoil, Binance remains a significant player in the cryptocurrency market.
As the situation develops, industry participants and investors will be watching Binance closely to see how it handles these challenges and adapts to the changing crypto landscape.
The post $BNB BNB drops by over %9 amidst binance $4.3B settlements and CEOs resignation appeared first on optimisus.
#RichardTeng #opbnb #BNB-9.68%
They’re clearing the way for the Bull💯
$BTC Bitcoin and Ethereum $ETH will continue to rise. The decision in the US court and #binance accepting the penalty was fantastic. There no more fake news and FUDs scaring the market. New users will enter the market faster fearlessly. I admire #cz_binance and I believe he is more honorable and successful than all those corrupt and lying politicians, senators and officials. I think the market uptrend will accelerate.
#BTC #hodl #Blast #RichardTeng
$BTC Bitcoin and Ethereum $ETH will continue to rise. The decision in the US court and #binance accepting the penalty was fantastic. There no more fake news and FUDs scaring the market. New users will enter the market faster fearlessly. I admire #cz_binance and I believe he is more honorable and successful than all those corrupt and lying politicians, senators and officials. I think the market uptrend will accelerate.
#BTC #hodl #Blast #RichardTeng