MicroStrategy's Move, Can you relate with your thoughts..
MicroStrategy’s first quarter earnings report showed the firm bought roughly 25,250 BTC for $1.65 billion at an average price of $65,232 per BTC during the first three months of the year. With its latest purchases, MicroStrategy now holds 214,400 BTC in total — equating to roughly 1% of the total Bitcoin supply. The company reported its total holdings at a cost of $7.54 billion, or $35,180 per bitcoin, as of April 26. The firm reported a downturn in revenue but continued to bolster its Bitcoin h
Successful Traders secret: AI can be used in crypto trading to automate processes, analyze data, and make informed decisions. Here are some ways to utilize AI in crypto trading: 1. Algorithmic Trading: Develop AI-powered trading algorithms that can execute trades automatically based on predefined criteria such as price movements, technical indicators, or market sentiment analysis. 2. Predictive Analytics: Use AI models to analyze historical data and predict future price movements of cryptocurren
Avoid Liquidation of your trades. Risk management in crypto trading is crucial due to the high volatility of the market. Here are some key practices: 1. Diversification: Spread your investments across different cryptocurrencies to reduce the impact of a single asset's performance on your portfolio. 2. Position Sizing: Only invest a small portion of your portfolio in each trade, typically around 1-2%. This limits potential losses. 3. Stop Loss Orders: Set stop-loss orders to automatically sell y
CoinDesk: Provides comprehensive coverage of the latest developments in the crypto space, including market analysis, regulatory updates, and industry trends.Cointelegraph: Offers news, analysis, and features on cryptocurrencies, blockchain technology, and decentralized applications.CoinTelegraph: Provides news, analysis, and features on cryptocurrencies, blockchain technology, and decentralized applications.Decrypt: Focuses on providing easy-to-understand news, guides, and analysis about cryptoc
Sentiment analysis in crypto trading involves analyzing the mood or sentiment of investors and traders towards a particular cryptocurrency or the market as a whole. This can be done through various methods such as monitoring social media discussions, news sentiment, and market sentiment indicators. The idea is to gauge whether the overall sentiment is bullish (positive) or bearish (negative) and use this information to inform trading decisions. For example, if sentiment is overwhelmingly positiv
Six spot bitcoin and ether exchange traded funds (ETFs) finished mixed in their Hong Kong debut on Tuesday amid relatively lukewarm trading, as the city tests Asian investors' enthusiasm for cryptocurrency assets. The debuts mark the first launch of spot cryptocurrency ETFs in Asia and come just three months after the U.S. launched its first ETFs to track spot bitcoin. Cryptocurrency is banned in mainland China, but Hong Kong has been promoting itself as a global digital asset hub, part of a dr
On the other hand, a weekly close above $70,000 could signal a positive outlook and a potential move towards $80,000. The cryptocurrency market is inherently dynamic and susceptible to various influences. Traders should closely monitor price movements around support and resistance levels, and stay informed about global events and market developments.
Multiple factors could act as catalysts for a downward trend. Short-Term Pullback: Historically, periods of long-term bullishness after halving events have been followed by temporary pullbacks. Slowdown in Spot ETF inflows: The recent surge in Bitcoin might be fueled by spot ETF inflows. A slowdown could dampen the uptrend. Fed Policy Shift: While the Fed initially anticipated rate cuts, recent signals suggest a pause or even tightening. This hawkish stance could reduce risk appetite in the m
A closer look at the weekly chart reveals a double-top pattern formed by two peaks at similar price levels in late 2021. While corrections followed both peaks, Bitcoin ultimately entered a bear market in 2022 after falling below its 89-week Exponential Moving Average (EMA). The recovery process began last year, accelerating after a bullish crossover of the fast and slow EMAs in October 2023. Bitcoin's recent struggle to maintain prices above $70,000 raises concerns about a potential correction.
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Technical analysis in crypto trading. The way I think...
Technical analysis in crypto trading involves analyzing historical price and volume data to make predictions about future price movements. Here's a basic guide to get you started:
Chart Analysis: Use candlestick charts to visualize price movements over time. Look for patterns like support and resistance levels, trend lines, and chart patterns such as triangles, head and shoulders, etc.Indicators:Utilize technical indicators like Moving Averages (MA), Relative Strength Index (RSI), MACD (Moving
Fundamental analysis in crypto trading. Comprehensive Guide
Fundamental analysis in crypto trading involves evaluating the underlying factors that could affect the value of a cryptocurrency. Here's how you can do it:
Study the Whitepaper :Read the cryptocurrency's whitepaper to understand its purpose, technology, and goals. This document often provides valuable insights into the project's fundamentals.Team and Development: Assess the team behind the cryptocurrency project. Look at their experience, qualifications, and track record. Also, evaluate the pr
I have witnessed all the bull runs and made a lot of money but never show off things and didn't make people fool like other influencers and so called scammers do.
I said in my very first post that I will upload a series of posts that contain lot of insight from crypto industry and some useful knowledge for new traders.
If you want that series to kick start then support me via comments, likes and your thoughts so I can judge how much you are eager to know all stuff. . .
Read carefully. . . I never posted anything and if posted here or there in anonymously because I don't want to get fame or any popularity in folks. As time passed I thought that this is the right time to support communities especially Asian and African. Main reasons are those fake and copy pasted posts and information which lead to affect new traders and general folks. They believe in those scammers and follow their signals and so called fake analysis and at the end loose their hard earned money.
Now I want to start s series of posts in which I will remain anonymous but make the most of posts for the community so they know the reality and avoid scammers, fake signals, bad analysis and third class thinking about trading $BTC $ETH $BNB #ScamRiskWarning #bitcoinhalving