For the first time in the history of BTC, it is painting 5 red candles on the monthly timeframe.
And although the 5th month is not yet closed, 4 months of decline is happening for the first time.
This may indicate a multitude of factors;
- uncertainty about tomorrow against the backdrop of escalations in the Middle East - a parallel increase in investments in gold as an indirect confirmation from the orchestrators of inter-political disputes - a banal peak of overbought conditions and a fairly clear movement along the lines of extreme volatility of Bollinger Bands (signal for quick money in short)
From my side, I would add that considering the chart that reflects the reality of things, the formation of a V pattern is likely, where Bitcoin will be pumped back in just 1.5 months to 125k. And this scenario is devastating for altcoins and is not close to us.
An ideal option would be, as I mentioned earlier, a sideways movement $BTC BTC with a cherished decrease in dominance $BTCDOM .
Conclusions: investments and purchases for the long term are extremely risky.
Trading on the 4-hour timeframe is still the most relevant.
Holding a position for more than 24 hours may bring surprises
Objectively, over the last 10 years, everyone has seen the same pattern; the cries of "bitcoin is trash" - bitcoin falls, but then the same thing happens; it rises. Will this always be the case? Probably not, but considering that we are just entering the era of digital money, it is obvious that this will last a long time. Institutions have long changed their strategies and are buying BTC or shorting it; it doesn't matter. What matters is the volatility itself and acceptance. Where else can you freely manipulate the market at such percentages? It is unlikely that anyone truly understands how money is made in crypto.
One thing is frightening; the drop of 50% of the main asset happens so quickly and easily that the manipulators themselves (in the professional sense of the word) probably cannot confidently predict movements.
However, returning to the iron pattern at the beginning of the post - how would you view the market if you saw that BTC was oversold on large time frames of 3 days/week and you know that the recent ATH was at 120k?
And here we need something different. Ideally, for the major makers to take a break from pumping and allow bitcoin to enter a sideways movement at the level of 73-85k. Slowly and for a long time. And then the altcoins...
Funding rate or "MISHA, ALL SCAM, LET'S START OVER"
Whiners who lose money on futures are so green that the color of their snot could pass for a dye in a mojito.
The exchange is a calculation, and without it, there's no need to write posts.
The last one wrote that the commission is 20000%. Dude, are you crazy?
Funding is limited to 2%. In both directions. BUT THERE ARE NUANCES, YEAH, like in the joke. And the nuances in x20 that you took.
If the deposit you own doesn't satisfy you and you decide to use borrowed funds and from 100$ you take 2000$ with leverage x20, or even x10, - your position must have 3 components:
1. Excellent entry point (you'll still jump in just to avoid being late) 2. TARGET. Those who write about how they were robbed by the funding rate have a goal blurred on the scale of “I’LL CLOSE ONLY WHEN IT’S GOING TO BE HUGE”, while the goal is defined by LEVELS AND EXTREMUM POINTS. POINT 3. RISK MANAGEMENT OR STOP-LOSS.
Futures are a tool for short-term trades. The real scam was in 2019 when money disappeared from deposits and Binance returned it through tickets (I was there).
Trading futures without brains and basic principles described above leads you to ruin, not success.
$RIVER Attention scam!!! Don't even think about entering this coin, you will lose everything!!! Suddenly, the scammers change the frequency of payments on the funding rate, the interest rate reaches 20,000% per annum, which is why your deposit disappears every hour, everything is done so that you exit with large losses or pay huge fees.
Have you heard of COIN-M products? No? You're missing out...
If you're making money in a rising market, it wouldn't hurt to learn a strategy in case everything goes "in the opposite direction."
Here you are, sitting in a position, let's say everything around you is green, P&L shows a fat +, you're thinking about buying something offline. The exchange update happens with admirable discipline, inside a pleasant pulsing current of anticipation and awareness that everything is growing before your eyes. This is already a success.
My friend personally turned 1500$ into $25000, and having 5000$ allows one to comfortably provide for themselves with a salary above the market average
Competetion
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I am wondering if it makes sense to trade an amount from 100 to 5000 usdt, to make good money you really need to trade amounts starting from 30k.
Well, of course, you are looking at the nearest example of COIN - M products. You hold the coin expecting a tenfold increase over the year. But within the year, it makes corrections and you open short positions.
Hedging is quite simple. Essentially, it involves intermediate positions against oneself, across several assets. However, hedge positions are closed more frequently and earlier.
Good afternoon. Who can tell me what will happen with USDT pairs on the Binance exchange? And will altcoins drop before the New Year? Wishing everyone successful trades)
Good afternoon everyone! So, the latest publications from many sources inform us that the USA has seen an opportunity to pay off its debt of 36 trillion using cryptocurrency. In simple terms, we cannot manage it ourselves and want to do it at your expense. The instrument chosen for this is $BTC , but during the process, there may be any restructuring into other assets. Since the weakness of cryptocurrencies, volatility, lies in any negative information, and the professionalism in marketing of these companies is at the highest level, they will start extracting the coins they need from us with increased enthusiasm. This December, we see the preparation and testing of this program. There will be more blood ahead; the amount required is significant. The goals are clear, the tasks are defined, and the direction of the main strike has already been chosen. We just need to align with reality and immerse ourselves in learning not from YouTube videos, but to study smart money, technical analysis, charts, and indicators. Read news not only from exchanges but also from other qualified sources. In general, the law of survival in this acidic environment.
I will explain the essence of your question; most likely the liquidation level coincided with the support/resistance level. In other words, you chose the wrong direction of movement
PblK_ENOTA
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Help me understand how this works, I was in a short trade, it went long for a day and as a result I got liquidated, -400 $, after the liquidation it immediately went short, it barely touched the liquidation and immediately short, HOW?????
I really like that the post was essentially sarcasm about the common topic 'Bitcoin is a US conspiracy, they will pay off the national debt with cryptocurrency,' while the comments are about anything but this)))
Vромбе
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$36 trillion - the volume of US national debt. $3 trillion - the market capitalization of cryptocurrencies today. (Total money that can be 'gathered' from the population, as you all assume). It took 14 years to form it. 1 year was needed to increase the volume of US national debt by $2 trillion. This means there is a progression: shorter time / greater growth of its volume. Even if we assume that in the next 5 years the US will pump the market to the level of $30 trillion, oh, yes… In the next 5 years, to pump it with such a volume of money 'in one gulp,' it would require printing the same amount of money. Over 5 years of printing to cover $36 trillion... the amount of national debt will already be around $70+ trillion, if not more.
You forget that the states owe themselves, and in fact - a private printing press, but for these private entities, the states are a shield and sword in maintaining their own existence. They are in synergy/symbiosis if you will.
And the capitalization of all combined American companies in stocks and indices is about $70 trillion. As Rothschild said: "be careful, cause all the markets are deep fake"
So, First of all, this is not the end of the fall. The pattern is continuous and has been known for a long time. Secondly, Bitcoin volatility may give more than one false signal for growth, while sucking all the energy out of retail investors. Because there is a nuance, as in that seditious joke: the dominance is too high,
$36 trillion - the volume of US national debt. $3 trillion - the market capitalization of cryptocurrencies today. (Total money that can be 'gathered' from the population, as you all assume). It took 14 years to form it. 1 year was needed to increase the volume of US national debt by $2 trillion. This means there is a progression: shorter time / greater growth of its volume. Even if we assume that in the next 5 years the US will pump the market to the level of $30 trillion, oh, yes… In the next 5 years, to pump it with such a volume of money 'in one gulp,' it would require printing the same amount of money. Over 5 years of printing to cover $36 trillion... the amount of national debt will already be around $70+ trillion, if not more.
You forget that the states owe themselves, and in fact - a private printing press, but for these private entities, the states are a shield and sword in maintaining their own existence. They are in synergy/symbiosis if you will.
And the capitalization of all combined American companies in stocks and indices is about $70 trillion. As Rothschild said: "be careful, cause all the markets are deep fake"