The Federal Funds Rate will come in the next few hours, also FOMC meetings. This is a high impact news, it will create volatility in the market, before the news and after. USD may go stronger or weaker which affects it's trading pairs.
The forecasted is 5.50% and the previous is 5.50% also. If the actual is higher or lower then the expected, expect volatility.
The best thing to do is not to trade on this time. What for the news and watch how will the price react. It will create manipulation in the market as always when there's a fundamentals. After the manipulation the real move will happen which is distribution.
If you want to risk; always practice risk management, don't forget stoploss! #crypto2023 #BTC
Top #SocialFi projects ranked by 30D unique active addresses. SocialFi is one of the most highly participated sector, and one of the emerging sector in crypto space.
Every financial news/events affects the market especially the cryptocurrency. It makes the market highly volatile and it creates a risky trading set-up. This is the narratives or fundamentals which is another thing to consider when trading.
Last week, US CPI data come out with previous 3.2% and forecasted 3.6% the actual data is 3.7% higher than expected which is bearish for the risk asset like Bitcoin. But the CPI data does not affect the price of Bitcoin, it only gives little volatility and nothing impulsive movements happen.
And according to CME Group's FedWatch Tool, they did not expecting the Federal Reserve to raise again interest rate later in the month, instead a pause is highly possible.
Amidst this bearish fundamentals $BTC is performing well in the past few days. So is it bullish? What do you think?
This tokens is what I'm holding until bullrun! đâ
XLM HBAR VET ALGO ANKR
Drop your altcoins here! đ
This content aims to share info to our readers. Always conduct your research and use discipline before investing or participating. At the end of the day you're the one who's responsible for your actions. #NFA #DYOR #crypto2023 #Binance #bitcoin
Develop by Michael Huddleston also known as Inner Circle Trader for forex trading but it can be also utilized in crypto trading. Low wick and high wick of 1st and 3rd candlestick must not overlap it's wick and create a gap in between. This happens when there's an imbalance in the price action that we can take trades increasing our winning chances. When there's a high impact news, that resulted to a impulsive move; surge in buying/selling activity. The gap has unfulfilled orders that the market marker will get that orders. The price will possibly go back to fill the gap.
Criteria: There must be a sign of rejection at FVG. The must close below 50% of the gap. If the candle did not close above 50% of the gap, there's a possibility that it will continue it's momentum and invalidated the FVG.
If you're having bad trades, learn to rest and give yourself a break.
If you lose consecutively, stop and rest. You must control yourself and emotions as this situations leads you to do overtrades. Where you want to recover your losses so badly but instead you'll end up losing more. You tend to revenge trade, so it's important to have discipline and control your emotions.
Don't be afraid that you'll left behind of the possible opportunities. There's endless opportunities in this market. Rest and recover your mental energy. Then evaluate your past trades and improve yourself more.
In the past few days Bitcoin goes crazy. With its impulsive movements, many people lose money.
When there's a bad news Bitcoin dump; SpaceX reportedly sold its Bitcoin. Then, there's a good news. Grayscale wins its lawsuit against SEC. Bitcoin rally again and pump. After that it dump again as SEC delayed all Bitcoin Spot ETF application, which is obvious to be bad news.
This where Fundamentals comes in. Not only Technical Analysis is important, it can help you to plan your trade and risk management. But the Fundamentals and Narrative is much more superior. Even if you have a perfect technical analysis if there's a huge news it will all be useless. It will create huge impact in the market that will invalidated your technicals.
It is important to always be updated with news and narrative. So you can minimize your risk and gain profits on opportunities. It is risky to take trades on lower timeframes. #crypto2023 #cryptocurrency #BTC
Here's what you should do to minimize your losses.
1. Do risk management, make a plan on the trade you want to hop in. 2. Set stop loss. This is important so you don't get huge losses. Having a loss is painful but having much greater loss will stress you. 3. Only trade amount you afford to lose. 4. Don't FOMO, many people buy at top; they saw the hype and get in without plan. They dive due to their emotions. 5. Do analysis. Buy at support and sell at resistance.
Grayscale wins lawsuit over SEC means we're closer to a Spot Bitcoin ETF!
It's highly possible that the Grayscale Bitcoin Spot ETF will get approved, once that happen other will follow to like a domino effect but not falling down. We're going up only for Bitcoin!!
Bitcoin Spot ETF is the narrative and possible to be catalyst for the next bull run!
Here are some of the projects that has great potential of airdrop. This is huge!
LayerZero raised $260M
zksync raised $460M
Starknet raised $280M
Metamask raised $725M
0xMantle $230M
LineaBuild $725M
DeBank $25M
zetablockchain $10M
Scroll $80M
BuildonBase $68M
Tabi.NFT $11M
Polygon zkevm
opBNB
Ethermail
Dmail
This are the projects to watch for!
Disclaimer!
This content aims to share info to our readers. Always conduct your research and use practice discipline before investing or participating. At the end of the day you're the one who's responsible for your actions. #DYOR #NFA
If you're wondering when to invest. Today is the best time to invest. The best time to start is now!
NOW
When you want to do something, the crucial part is to begin, to start. You can't finish anything if you don't start! We humans tends to procrastinate (it's natural on us), so you need to battle yourself to act and to do something!
TIME
It is the most important when investing. "Invest early" as you heard from other people. Time is your friend when investing the earlier you're the more gains you will get. With the power compounding you will maximize your investments overtime.
It is a decentralized digital currency that is based on cryptography. An electronic peer-to-peer cash system launched in January 2009 by an unknown individual or group with the pseudonym of Satoshi Nakamoto. Created to be solution to a centralized system controlled by the countryâs central bank. Bitcoin decentralization enables peer-to-peer transfer around the globe anytime and anywhere. It works through Proof of Work consensus mechanism. Wherein, there's a miner who will work to verify every transaction in the network. This makes the network resilient against fraud, there's a nodes around the globe that validate transaction and the records are accessible by the public, making it a decentralized network.
It has a fixed 21 million supply, currently 19.4 is in circulation. Well there's Bitcoins that is totally burned and out in circulation; the owner who forgots his seed phrase or a hardware wallet that gone missing. Every 4 years there's a Bitcoin halving happening which will reduce the block reward to miners by half. This is a significant event for everyone, as it will make a high volatility which the traders may speculate.#
So why Bitcoin = Digital Gold?
Gold is limited in supply, we don't know how much gold is underground. Making it appreciate in value overtime. Just like gold, Bitcoin is also have a limited supply there will be only 21 million (in reality there will be less than that) Bitcoin when the whole supply is mined. Both is a store of value, through out centuries gold is a hedge on inflation. Bitcoin will be also a store of value and hedge on inflation, many people are being aware of that. The only difference is that gold is tangible and Bitcoin is digital also it is decentralized no authority can control it. In addition, Bitcoin can be divisible (just like gold which is divisible in grams or ounce) and is much easier to store or transfer electronically much applicable in today's technology. While it seems like Bitcoin has great points in every aspects, still gold is the king with $12 trillion market valuation due to it's wide mass adaption. But we believe Bitcoin will reach that spot too in the future.
In this topic I will share some ways on how people earns in web3 space or crypto.
There's many ways to earn, here are some of the
Trading - the rules are simple, "Buy low, sell high". This is the most lucrative wa y to earn in crypto space but has moderat e to higher risks.
Investing/Hodling - it has moderate ris ks, you buy a coin and hold it until it's all time high. Dollar Cost Averaging (DCA) is your friend here.
Staking - lesser risks and can generate passive income but the profit is not that b ig than the other ways. You only stake your coin and earn some interest everyday.
Airdrops - it has lesser risks than other s but you need to be patience and hardw orking to bag a profit from airdrops. You o nly need time and effort for this, also you may need some little funds.
All of these ways have each associated ris ks, from less to moderate and to high risks. It's up to you what is your risk toleranc e is. Remember only invest what you're af ford to lose.
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