10 Mistakes Beginners Make in the Crypto Market and How to Avoid Them?
impatience Lack of awareness of the risks Sell low and buy high Not securing open positions Stop learning and awareness of the latest developments in the cryptocurrency market Ignore important events and news Emotional Interventions with Cryptocurrencies Blind trust in analytics and seeking recommendations Not diversifying investments into different cryptocurrencies
Dear followers, a decline in the financial markets is always possible. I do not recommend selling out of panic, because the big pump is still on its way. It was just a liquidation game because liquidation is necessary for the market to move more and more with the liquidation, and the liquidation market does not move quickly..
The market in general is bullish Choose the currencies that suit you, it may be an opportunity to buy new bottoms that you have not obtained before DYOR DOGE LINK $BNB XRP
XRP has surged to third place among cryptocurrencies, up 370% since Trump’s victory, fueled by anticipation of the launch of RLUSD today, December 17. XRP’s gains also inspired Bitcoin to reach an all-time high above $107,000. #Xrp🔥🔥
Bitcoin has surpassed $106K, Ethereum has reclaimed $4K, and altcoins are following suit.
Is this the start of a legendary bull run, or should we prepare for a slowdown? Which projects are you most excited about? Are you holding on tight or taking profits?
The market is showing positive momentum with the possibility of continuing the uptrend in the short term.
Watching the support (1.3696) and resistance (1.4000) levels will be key to the next move.
In case of a pullback, the average will form a good support around 1.36.
In case the resistance level of 1.4000 is broken with strong momentum and high volume, we may see a continuation of the uptrend. Achieving the targets 👇
LIVE
AMRAN_GH
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Bullish
$FTM
Support 1.3 Resistance 1.4 If the resistance is broken, the targets will be achieved 1.6 1.8
The market is very turbulent between decline and rise. I advise not to enter now until the currencies stabilize. Most likely, the rise will start tomorrow
or after hours
Hold your currencies and wait until the situation stabilizes
The current price (0.1370) shows a decline after a clear rise earlier.
Resistance is around the 0.1450-0.1550 level.
There is a potential bearish crossover between the moving averages (MA) (blue and yellow), indicating a weakness in the short-term upward momentum.
2. Volume indicators:
There is good trading activity, but the current volume does not seem high, which may reflect the hesitation of buyers at current levels.
3. Relative Strength Index (RSI):
The RSI at the level of 46.77 indicates a near-neutral position, which means there is no clear overbought or oversold condition.
4. Market Supply and Demand:
There is a clear bias towards selling (71.26% vs. 28.74% for buying), indicating greater selling pressure at the moment.
Forecast:
If the selling pressure continues, the price may decline towards the next support level (0.1300-0.1250).
If the price manages to regain the upward momentum and break 0.1411 (the moving average), it may re-target higher levels.
Conclusion: The current trend is bearish in the short term, with greater selling pressure. It is advisable to closely monitor the support and resistance levels with any reversal signals in the technical indicators.
The cryptocurrency has defied doomsday prophecies to hit an all-time high. Bitcoin has gone from a mystery in a dark corner of the internet to an asset endorsed by governments around the world and increasingly accepted as legal tender. On Thursday, December 5, a single bitcoin was trading at $103,400 after President-elect Donald Trump announced that “crypto advocate” Paul Atkins would be the new chairman of the Securities and Exchange Commission. The 47th president of the United States took to social media to take credit for the surge, posting on Truth Social, saying: “Congratulations to Bitcoiners… You’re welcome!” $BTC $BNB