#BTC MACD has successfully crossed over at the weekly chart. I expect a continued rise over the next few weeks. We might reach 82k people! 💪

It's also crossed over on the 4hr so yeah, we are so back!!!

Because the market is not your grandmother, some #BinanceFuturesTips I use are;

1. Use low margins
As lucrative as it might be to use a 50x margin, try to control your greed and need for quick profits and use 10x - 20x. This way if a trade moves against you, you are much safer from a liquidation.
And if you insist on using high margins like 25x-50x or more, make sure you have funds in your futures account to support your trades by having a low margin ratio.
For example, if you are trading a $500 account and insist on using a 50x margin, make sure you only have a small percentage of your $500 in a trade, let’s assume $100 so that the other $400 is left to support your $100 in case the market moves against you. This way you are much safer from a potential liquidation.

2. Support your assets
Whether you are using high margins or low margins, make sure to support your trades.
If you have $200 to trade, place in $100 or less and leave the other $100 as support for your positions.
This is in support of the first point.
The safest bet is to use low margins while also supporting your assets.
Say when you have a $500 account, trade $100 with a 15x margin. Here when combined with tact and a good trading strategy, unless in extreme bear markets, it is highly unlikely you could get liquidated when the market suddenly moves against you as your asset is well supported.

3. Learn technical analysis
You cannot be a successful trader if you do not have a good understanding of technical analysis.
And you do not want to be in a short trade when it is longing or vice versa. As these are potential profits you could be locking in and losses you could be avoiding.
While trading shares similarities with gambling, good technical analysis helps one make informed decisions when getting in and out of trades and this is the core difference between a trader and a gambler.
Know how to read candle sticks, trade indicators, volumes, etc. This way, you will know when to enter a good trade, when to long or to short when to exit profitably, and how to avoid liquidation.

#BTC MACD looks like it wants to cross over upwards on the weekly chart.
If it does so successfully next week, #BTC and many alt coins will shoot to the stratosphere!

I am ready! 💪

#reef MACD is about to cross over downwards at the 4hr.
expect a bearish trend.
also there are more short positions than long.

I had posted this a few days ago then delisted it when I felt that I had read the markets wrong when #BTC went down on Sunday.
Turns out it was a minor correction and I was right all along!!!

#BTC Bollinger bands seem to be squeezing at the one hour. This could be preparation for an upward movement. MACD is also looking like it's about to cross over at the one hour too and sell off volumes have reduced.

I predict a #bullish trend today and the start of the week lasting at least till Wednesday.

fingers crossed 🤞

not bad #Dogs

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#BTC MACD looks like it's about to cross over at the 4hr. With an RSI of 60 I expect a further market decline. Short sellers could be very profitable shortly.

After days of being in the red, #BTC MACD has turned green on the 1D bar. I expect a continued rise within the next few days.

More short orders on #Rare than long. It's about to dump now.

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#BTC is bearish for today. Could we see an improvement in the next few hours? We can only wait and see. 😁

It would take a miracle for #BTC to be bullish today. RSI looks good for a buy on the 1hr but MACD has crossed over on the 4hr which is not a good sign. And this could be interpreted by some as conflicting signals. We can only wait it out to see what happens next. The goal is always to protect your assets.

Today, the market has been playing around the 1hr mark with neither the bulls nor bears succeeding in pulling it in their direction making it difficult to predict. But with the 1 week chart being bullish, it is likely that #BTC will end the day bullish even if slightly so. I'm feeling bullish on #BTC today still.

#BTC is definitely bullish today. And could be for the next few days.
Yesterday was the only day got it wrong so far. The market is definitely not anyone's grandmother. It will not do what you want 😁🤣😭

After a drop today, #BTC is attempting a recovery at the 15m mark. I feel it will finish the weekend in the green ready for a new bullish week before attempting to break the 70k resistance.

While it's been playing around the 4hr resistance all day, I feel strongly that #BTC☀ will end the day in the green today ready for another green day tomorrow.

The current #MarketDownturn could be predicted by using technical analysis. #BTC☀ MACD at the 1d crossed over downwards at the end of last month, beginning August bearish. It is therefore not surprising that there was a downwards movement this week.
Any political or financial news such as Kamala Harris running for president only increased fear and caused the sharp decline to 49k.

If you bought the dip at 49k you are safe for now as the MACD on the 4hr is still bullish and we could have a few more hours of an upside or maintained support even into the weekend.

Margin traders who intend to hold should support their assets though as MACD is still bearish on the weekly chart and could begin bearish next week or even begin bullish and go up to 70k and attempt to break that resistance. With a rejection, markets could crash again even to below 49k. This is particularly for those trading altcoins and meme coins as they react more faster and more sharply to #BTC gains or losses.

Taking profits from time to time is my personal trading strategy to hedge against possible market drops and keeping my margin levels low. Beginning to trade at 00:00 UTC too gives a very clear view of how the day is going to turn up and which coins to trade.

While the 1M chart is bullish for now, it's still too early into August to predict with certainty how #BTC will move in September.

A good political and financial environment could improve market sentiment and bring in more bulls which could help break that resistance that #BTC has been struggling to break for months now.

I'll keep observing.