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I DO CRYPTO FOR A LIVING đ
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Bitcoin price action
The Bitcoin price has been on a tear, increasing by more than 16% to $44,529 on Dec. 5. This indicates that traders are rushing to buy Bitcoin as the price is expected to rise further. Short-term investors took a small profit, but Bitcoin stayed over $43,000.
At the time of writing, BTC was down 1.41% in the last 24 hours to $43,418.
According to crypto analyst Ali, the Bitcoin price sits on stable support at $42,700. This level is significant, as 642,000 wallets have bought 347,000 BTC here. Hence, if the $42,700 support breaks, all eyes will be on the $38,000 level as the next crucial area to watch.
On the other hand, should the bullish trend continue, Bitcoin might push toward the next major supply zone at $47,300, where 614,000 wallets hold 427,000 BTC.
#BitcoinPriceForecast #BinanceSquareAnalysis
The Bitcoin price has been on a tear, increasing by more than 16% to $44,529 on Dec. 5. This indicates that traders are rushing to buy Bitcoin as the price is expected to rise further. Short-term investors took a small profit, but Bitcoin stayed over $43,000.
At the time of writing, BTC was down 1.41% in the last 24 hours to $43,418.
According to crypto analyst Ali, the Bitcoin price sits on stable support at $42,700. This level is significant, as 642,000 wallets have bought 347,000 BTC here. Hence, if the $42,700 support breaks, all eyes will be on the $38,000 level as the next crucial area to watch.
On the other hand, should the bullish trend continue, Bitcoin might push toward the next major supply zone at $47,300, where 614,000 wallets hold 427,000 BTC.
#BitcoinPriceForecast #BinanceSquareAnalysis
Bitcoin Achieves Groundbreaking Milestone, and It's Not BTC Price
Bitcoin, the largest cryptocurrency by market capitalization, has achieved a groundbreaking milestone, but not in terms of price.
Bitcoin has set a new high in its total number of addresses with a balance.
According to on-chain analytics startup IntoTheBlock, there are now more than 50 million addresses that hold Bitcoin. This represents a significant milestone, which marks 17% growth since the start of the year.
Bitcoin, the largest cryptocurrency by market capitalization, has achieved a groundbreaking milestone, but not in terms of price.
Bitcoin has set a new high in its total number of addresses with a balance.
According to on-chain analytics startup IntoTheBlock, there are now more than 50 million addresses that hold Bitcoin. This represents a significant milestone, which marks 17% growth since the start of the year.
#BTCAllTimeHigh #BitcoinEducation #BinanceSquareAnalysis
Bitcoin, the largest cryptocurrency by market capitalization, has achieved a groundbreaking milestone, but not in terms of price.
Bitcoin has set a new high in its total number of addresses with a balance.
According to on-chain analytics startup IntoTheBlock, there are now more than 50 million addresses that hold Bitcoin. This represents a significant milestone, which marks 17% growth since the start of the year.
Bitcoin, the largest cryptocurrency by market capitalization, has achieved a groundbreaking milestone, but not in terms of price.
Bitcoin has set a new high in its total number of addresses with a balance.
According to on-chain analytics startup IntoTheBlock, there are now more than 50 million addresses that hold Bitcoin. This represents a significant milestone, which marks 17% growth since the start of the year.
#BTCAllTimeHigh #BitcoinEducation #BinanceSquareAnalysis
MISTAKE TO AVOID AS A CRYPTO TRADER
LIVECryptoManiacsQueen
--
Bearish
đĽMistakes Most of the Crypto Traders are doing đ§
đLack of Experience: Many new traders enter the crypto market without sufficient knowledge and experience, leading to poor decision-making.
đĽśEmotional Trading: Emotions like fear and greed can lead to impulsive decisions, causing losses. Successful traders often rely on a well-thought-out strategy.
đŤ Lack of Risk Management: Some traders don't use proper risk management techniques, which can result in significant losses when the market is volatile.
đ§ Lack of Research: Failing to thoroughly research and understand the cryptocurrencies they invest in can lead to poor choices.
â¨ď¸Volatility: Crypto markets are highly volatile, which can result in sudden and significant price swings, catching inexperienced traders off guard.
𤪠Scams and Frauds: The crypto space is rife with scams, and some traders fall victim to fraudulent schemes.
âťď¸ Overleveraging: Using excessive leverage in trading can amplify losses and lead to liquidation.
đ¤ˇââď¸Lack of Patience: Many traders expect quick profits and are not patient enough to hold their investments through market cycles.
đLack of Diversification: Concentrating investments in a single asset or type of crypto can be risky. Diversification is a key strategy for risk mitigation.
đLack of Discipline: Discipline is crucial in trading. Deviating from a well-defined strategy can lead to losses.
â Successful crypto trading requires education, discipline, risk management, and a well-thought-out strategy. It's a highly competitive and risky market, and not all traders will achieve consistent success.
We kindly request your support in form of a Tipđ
đYour generosity fuels our mission to educate and bring more individuals into the thrilling world of cryptocurrencies.
#BinanceTournament
#cryptocurrency #BTC #crypto2023 #ETH
đLack of Experience: Many new traders enter the crypto market without sufficient knowledge and experience, leading to poor decision-making.
đĽśEmotional Trading: Emotions like fear and greed can lead to impulsive decisions, causing losses. Successful traders often rely on a well-thought-out strategy.
đŤ Lack of Risk Management: Some traders don't use proper risk management techniques, which can result in significant losses when the market is volatile.
đ§ Lack of Research: Failing to thoroughly research and understand the cryptocurrencies they invest in can lead to poor choices.
â¨ď¸Volatility: Crypto markets are highly volatile, which can result in sudden and significant price swings, catching inexperienced traders off guard.
𤪠Scams and Frauds: The crypto space is rife with scams, and some traders fall victim to fraudulent schemes.
âťď¸ Overleveraging: Using excessive leverage in trading can amplify losses and lead to liquidation.
đ¤ˇââď¸Lack of Patience: Many traders expect quick profits and are not patient enough to hold their investments through market cycles.
đLack of Diversification: Concentrating investments in a single asset or type of crypto can be risky. Diversification is a key strategy for risk mitigation.
đLack of Discipline: Discipline is crucial in trading. Deviating from a well-defined strategy can lead to losses.
â Successful crypto trading requires education, discipline, risk management, and a well-thought-out strategy. It's a highly competitive and risky market, and not all traders will achieve consistent success.
We kindly request your support in form of a Tipđ
đYour generosity fuels our mission to educate and bring more individuals into the thrilling world of cryptocurrencies.
#BinanceTournament
#cryptocurrency #BTC #crypto2023 #ETH
Bitcoin Bullish Fractal Returns: Analyst Predicts Another Leg-Up With Price Target
The recent Bitcoin rally has brought a number of things to the forefront and one of those is a bullish Bitcoin fractal that has not returned in two years. Crypto analyst FieryTrading was the one to point this out in a recent analysis of the leading cryptocurrency as something that could serve as evidence that the rally will continue.
The crypto analyst pointed to a previously identified channel in the Bitcoin price that could suggest a bullish continuation. This channel often results after a big pump and given that BTC has added around $15,000 to its price in the space of a month, it doesnât get bigger than this.
FieryTrading identified that the fractal had appeared back in 2019 when the price jumped from around $4,100 to $5,800. After this, the fractal had completed the move, causing the BTC price to rise above the $6,800 level.
Where Does This Put BTCâs Price?
Following the previous performances of the Bitcoin price whenever this fractal has appeared, it suggests that there is still a lot of runway for the current rally. The crypto analyst used this historical performance to map out a likely path for the cryptoâs price, putting the top of the fractal at $48,000.
#BRC20 #BinanceSquareAnalysis
The recent Bitcoin rally has brought a number of things to the forefront and one of those is a bullish Bitcoin fractal that has not returned in two years. Crypto analyst FieryTrading was the one to point this out in a recent analysis of the leading cryptocurrency as something that could serve as evidence that the rally will continue.
The crypto analyst pointed to a previously identified channel in the Bitcoin price that could suggest a bullish continuation. This channel often results after a big pump and given that BTC has added around $15,000 to its price in the space of a month, it doesnât get bigger than this.
FieryTrading identified that the fractal had appeared back in 2019 when the price jumped from around $4,100 to $5,800. After this, the fractal had completed the move, causing the BTC price to rise above the $6,800 level.
Where Does This Put BTCâs Price?
Following the previous performances of the Bitcoin price whenever this fractal has appeared, it suggests that there is still a lot of runway for the current rally. The crypto analyst used this historical performance to map out a likely path for the cryptoâs price, putting the top of the fractal at $48,000.
#BRC20 #BinanceSquareAnalysis
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