How does economic news affect the trading market?
1. Changes in interest rates
One of the most important news that affects the movements of the trading market is the changes in interest rates set by central banks. When a central bank such as the US Federal Reserve or the European Central Bank raises or lowers interest rates, the value of the currency in question changes accordingly. Raising interest rates usually increases the value of the currency, making it more attractive to invest in, and vice versa when they are lowered.
2. Employment reports
Employment reports, such as the US Non-Farm Payrolls (NFP) report, are economic events that have a clear impact on the trading market when the report indicates a significant increase in the number of jobs
3. Inflation rates
Inflation is one of the important economic indicators monitored by financial markets. When a country experiences high inflation rates, this may be an indication of the need to raise interest rates, which contributes to strengthening the local currency.
4. Official statements by central banks
Any official speech or statement issued by a central bank governor or a member of the Monetary Policy Committee can have an immediate impact on currencies. Statements that reflect future monetary policy trends, such as expectations of raising interest rates or continuing fiscal stimulus programs

$BTC $ETH $XRP

$BTC

Bitcoin is currently trading at $100,677, up 4.17% from its previous close. The coin has seen a daily high of $102,036 and a daily low of $95,706.

Entry Points:
Buy: Upon a break of the $105,000 resistance level, confirmed by high volume.
Buy: Upon a bounce from the $95,000 support level, with positive technical signals.
Exit Points:
Sell: Upon approaching the next resistance level of $111,000, or upon negative reversal signals.
Sell: Upon a break of the $95,000 support level, which could signal a deeper correction towards $90,000.

#etherreum
#Bitcoin❗
#CryptoMENA

$BTC technical analysis

Bitcoin / Dollar intraday: the upside prevails as long as 94560 is support

Our preference: the upside prevails as long as 94560 is support.
94560 is our pivot point.

Our preference: the upside prevails as long as 94560 is support.

Alternative scenario: below 94560, expect 92860 and 91840.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 95773 and 95782).

Supports and resistances:
101000 **
99990 *
98970 **
97960
95897 last
95230
94560 **
92860 *
91840 **
#etherreum #BTC☀

#2024WithBinance

$ETH Analysis
Ethereum (ETH) is currently trading at $3,665.01, up slightly by 0.00727% from its previous close. The price has seen a high of $3,721.10 and a low of $3,564.64 today.
#AIAndGameFiBoom

Technical indicators:

RSI: Reading 51.398, indicating a neutral market condition.

Simple Moving Averages (SMA):

50-day SMA: $3,536.04 (Buy Signal)
100-day SMA: $3,464.82 (Buy Signal)
200-day SMA: $3,386.55 (Buy Signal)
MACD: Positive reading at 10.41, indicating bullish momentum.

Support and Resistance Levels:

Support 1 (S1): $3,564.64
Support 2 (S2): $3,529.76
Resistance 1 (R1): $3,721.10
Resistance 2 (R2): $3,661.92
Trading Recommendations:

Entry Point: Could be suitable at the Support 1 level ($3,564.64), with a stop loss order placed below this level to reduce risk.
Exit Point (Take Profit): The first resistance level ($3,721.10) can be targeted.
It is advisable to monitor price action and technical indicators regularly, as market conditions can change quickly. Using tools such as trend lines and price channels can help pinpoint entry and exit points more accurately.

Remember that cryptocurrency trading carries high risks, and it is always advisable to conduct independent research and make informed decisions.

Sources

Ch

$BTC
Bitcoin / Dollar intraday: as long as 94800 is support look for 99410

The price could retrace.
Our pivot point stands at 94800.

Our preference: as long as 94800 is support look for 99410.

Alternative scenario: below 94800, expect 93100 and 92080.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 96139 and 95597).

Supports and resistances:
101440 **
100420 *
99410 **
98390
96350 last
95470
94800 **
93100 *
92080 **

The importance of stop loss in the trading market?

Capital management and protection is the primary task that falls on you as a trader. If you lose all your capital in trading, you will not be able to recover the amount you lost, and thus you will exit the trading field. The only tool for managing and protecting capital is to use stop loss.

What is stop loss?
Stop loss, also known as SL for Stop Loss, is an action taken to stop trading when the trader's analysis and trading strategy are not sound, and the trade is closed in order to avoid additional losses or reduce profits. Traders use stop loss orders to close losing trades or to avoid losing profits.

The importance of stop loss in trading
Setting a pre-exit point for a losing trade not only helps reduce losses and allows moving on to new opportunities, but also helps eliminate the anxiety resulting from staying in a losing trade without a plan.

The primary purpose of stop loss is to ensure that losses do not worsen significantly. In fact, the stop loss point should be considered the "base point" in your trading strategy.
#MarketDownturn #تداول_العملات_المشفرة #BinanceBlockchainWeek #Binane
 

Altcoins and meme coins moving soon
A few days separate us from receiving #ترامب
#AltcoinMomentum
#Bitcoin❗ #EtheruemETF #Xrp🔥🔥

#bitcoinanalysis
Bitcoin / Dollar intraday: the downside prevails as long as 96190 is resistance

Alternative scenario: the upside breakout of 96190 would call for 97870 and 98870.
Our pivot point is at 96190.

Our preference: the downside prevails as long as 96190 is resistance.

Alternative scenario: above 96190, look for 97870 and 98870.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 95210 and 95587).

Supports and resistances:
98870 **
97870 *
96190 **
95530
94851 last
92660
91660 **
90660 *
89660 **
$BTC $ETH #AltcoinMomentum

$ETH $BTC

Ethereum (ETH) is currently trading at $3,606.66, up $122.59 (3.52%) from its previous close. On the day, the high was $3,683.00 and the low was $3,478.59.

Ethereum (ETH)
Ethereum
$3,606.66
+$122.59
+3.52%

Technical Analysis:

General Trend: Ethereum is showing an upward trend, with new highs being recorded in recent days.

Support and Resistance Levels:

Support: $3,478
Resistance: $3,683
Moving Averages:

50-day moving average: $3,500
200-day moving average: $3,200
A price crossing above these averages indicates the strength of the uptrend.

Fundamental Analysis:

The Ethereum network has seen positive developments, including technical updates and an increase in the use of decentralized applications (dApps), which are boosting the demand for the currency.

Recommendation:

Considering the technical and fundamental analysis, the uptrend in Ethereum is expected to continue. However, investors are advised to monitor the mentioned support and resistance levels, and develop appropriate risk management strategies.

$BTC technical analysis

Bitcoin / Dollar intraday: the upside prevails as long as 92940 is support

The MACD is positive and above its signal line.
92940 is our pivot point.

Our preference: the upside prevails as long as 92940 is support.

Alternative scenario: the downside breakout of 92940 would call for 91270 and 90270.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 93378 and 92831).

Supports and resistances:
99240 **
98240 *
97250 **
96250
94258 last
93600
92940 **
91270 *
90270 **
#bitcoin #CryptoInvestment #BullMarkets

$BTC $ETH
technicalanalysts#MarketDownturn
Alternative scenario: the upside breakout of 93490
would call for 95120 and 96100.
Our pivot point is at 93490.

Our preference: the downside prevails as long as 93490 is resistance.

Alternative scenario: above 93490, look for 95120 and 96100.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 93196 and 94224).

Supports and resistances:
96100 **
95120 *
93490 **
92840
92184 last
90240
89260 **
88290 *
87310 **

$BTC
Currently, Bitcoin (BTC) is trading at around $92,331, down 5.3% from the previous close. During the day, the price ranged between $91,320 as a minimum and $97,924 as a maximum.
Major support: $91,320, which is the low recorded during the day.
Minor support: $90,000, which is a psychological level that may provide additional support.
Exit points:

First resistance: $95,000, which the price may struggle to break.
Second resistance: $97,924, which is the high recorded during the day.
Technical indicators such as the Relative Strength Index (RSI) and the MACD are recommended to confirm entry and exit signals. For example, if the RSI shows a reading below 30, it may indicate that the asset is oversold, which could be a buying opportunity. Conversely, a reading above 70 may indicate overbought, which could be a selling signal.
#Bitcoin❗ #bitcoin

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$ETH Recommendations #الإيثريوم

Recommendations:

For buyers:

Enter a buy trade: When the resistance level of $3,500 is broken.
First target: $3,600.
Second target: $3,700.
Stop loss: $3,450.
For sellers:

Enter a sell trade: When the support level of $3,300 is broken.
First target: $3,200.
Second target: $3,100.
Stop loss: $3,350

$ETH Ethereum Analysis

Ethereum (ETH) is trading at $3,438.98, up $148.62 (4.52%) from the previous close.

Key Technical Levels:

Resistance:

$3,500: A psychological resistance level that the price may struggle to break.

$3,600: An important technical resistance level, where a breakout could signal a continuation of the uptrend.

Support:

$3,300: A primary support level, where the price may find support in case of a correction.

$3,200: A secondary support level, where the decline may stop before bouncing back.

Technical Indicators:

Moving Averages: Moving averages are signaling strong buy signals, indicating bullish momentum in the market.

TradingView

Relative Strength Index (RSI): The RSI is at 42.513, indicating that the market is neither overbought nor oversold.
Investing.com

Recommendations:

For buyers: It may be appropriate to enter long trades on a break of the $3,500 resistance level, with targets at $3,600 and above.

For sellers: It may be appropriate to consider short trades if the price breaks below the $3,300 support level, with targets at lower levels
$ETH

Currently, Ethereum (ETH) is trading at $3,293.21, down $56.46 (0.01686%) from the previous close.
Technical Analysis:
General Trend: The ETH/USD chart shows the price moving within a descending channel, indicating a bearish trend on the current timeframe. TradingView
Support Levels:
Support 1: $3,000.Support 2: $2,800.
Resistance Levels:
Resistance 1: $3,382.17.Resistance 2: $3,500.
Technical Indicators:
Moving Averages: The price is currently trading below the 50-day moving average, reinforcing the downtrend.
Relative Strength Index (RSI): It is in a neutral zone, indicating a balance between buying and selling forces.
Forecast:
If the price manages to break the resistance level at $3,382.17, it may indicate the beginning of an upward trend towards higher levels. However, if the support level at $3,000 is broken, the downward trend may continue towards lower levels.

$$ETH #etherreum

Bitcoin Jumps Above $99,000
Bitcoin has returned to levels above $99,000, with the continuation of the rises that lead the world's most famous cryptocurrency to levels of $100,000, which analysts expected to reach before the end of the year.

The largest cryptocurrency had crossed the $99,000 barrier for the first time on Thursday.
According to data from the CoinMarketCap platform, the percentage of Bitcoin's rise during the last week's transactions reached about 10.2%, and the market value of the currency reached about $1 trillion and 942 billion.
This significant rise in the cryptocurrency is driven by expectations of a more friendly regulatory environment under the administration of US President-elect Donald Trump.
Bitcoin on the threshold of $100,000!
Its value has doubled this year, and achieved an increase of about 45% in the two weeks, since Trump's landslide victory in the elections, which also witnessed the election of a large number of lawmakers supporting cryptocurrencies in Congress, according to Reuters.
The cryptocurrency rose more than 1% on Friday to $99,380, on track for its best monthly performance since February.

The surge has made bitcoin a major beneficiary of the so-called “Trump trade,” assets seen as profitable or influenced by Trump’s policies.

$BTC

Alternative scenario: the downside breakout of 96640 would call for 94990 and 94010.#MarketDownturn
Our pivot point is at 96640.

Our preference: the upside prevails as long as 96640 is support.

Alternative scenario: below 96640, expect 94990 and 94010.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 97673 and 96588).

Supports and resistances:
103710 **
102720 *
101730 **
100750
97970 last
97290
96640 **
94990 *
94010 **
$BTC

Bitcoin bounces back above $98,000 shortly after paring gains
Bitcoin has bounced back above $98,000, continuing a rally that has pushed the world’s most popular cryptocurrency to the $100,000 mark that analysts have forecast it will reach before the end of the year.

The world’s largest cryptocurrency by market value bounced back above $98,000 in the latest trading on Thursday, November 21, after breaching that level for the first time ever earlier in the day before paring gains to below $97,000.

🔴 Bitcoin cryptocurrency trims gains during Thursday's trading, November 21, which it achieved earlier today as it exceeded the $98,000 level for the first time

📌 Prices return to less than $97,000 again with gains limited to about 2.6% during the last 24

#BTC☀ #TradeWithBinance #futuretrader

Have we reached the top and psychological barrier for Bitcoin?
When will the correction start?
#btc
#شارك_أفكارك_حول_BTC