5 Min Chart Patterns for Beginners: How to Make $50 Daily in Crypto Trading!

This guide covers essential chart patterns for beginners in crypto trading, which can help you make consistent daily profits—potentially around $50—with disciplined application. Let's review these patterns and the best ways to use them:

1. Continuation Patterns: Ride the Trend

Bullish Flag: Signals continuation of an upward trend after a pause. When the price breaks above the flag, it’s time to enter a long trade. Place your stop-loss below the flag’s lower boundary.

Bearish Flag: Opposite of the bullish flag. A brief upward consolidation in a downtrend followed by a breakdown offers an opportunity for short trades.

Ascending and Descending Triangles: Ascending triangles are bullish; they break out above resistance. Descending triangles are bearish, breaking below support. Enter the trade when the breakout is confirmed.

2. Neutral Patterns: Wait for the Breakout

Symmetrical Triangle: Indicates a decrease in volatility and price consolidation. Breakouts can go either way, so enter the trade after the price confirms its direction by breaking a trendline.

Megaphone Pattern: Price moves within expanding trendlines, suggesting high volatility. This can break out in either direction, making it essential to wait for confirmation before entering a trade.

3. Reversal Patterns: Spot the Trend Change

Head and Shoulders: A classic bearish reversal pattern. When the price breaks below the neckline, it signals a move downward. A bullish inverse version signals an upward reversal.

Double Top and Double Bottom: Double tops are bearish (two peaks at the same resistance), signaling the end of an uptrend. Double bottoms are bullish (two troughs at the same support) and indicate a potential upward reversal.

Cup and Handle: A bullish pattern where a rounded bottom (the cup) forms, followed by a small dip (the handle). When the price breaks above the handle, it signals a potential upward move.

4. Special Patterns: Unique Opportunities

Falling Wedge and Rising Wedge: These indicate narrowing price action. The falling wedge suggests a potential upward breakout, while the rising wedge hints at a downward move. Enter when the price breaks out of the wedge.

Gartley and Cypher: These are more complex harmonic patterns that indicate precise reversal points. Use them with additional indicators for confirmation.

5. Trading Tips for Beginners: How to Maximize Profits

Wait for Confirmations: Confirm a pattern breakout before trading to avoid false signals.

Set Stop-Loss Orders: Protect your trades by setting stop-loss orders below support or the pattern's boundaries.

Manage Risk: Only trade with money you can afford to lose, aiming for consistent, small profits.

Avoid FOMO: Be patient, and don’t chase trades. Opportunities will always arise in the market.

Use Additional Indicators: Combine chart patterns with indicators like the RSI (Relative Strength Index) or moving averages for better accuracy.

By mastering these chart patterns and following disciplined strategies, beginners can make informed trading decisions, potentially earning $50 or more daily while minimizing risks.

#TrumpDeFi #MemeCoinTrending #TeslaTransferBTC #BTCSoarsTo68K

1 Rule #1: Never lose money - Rule #2: Never forget rule #1
Warren BUFFETT does not like to take risks. Losing money is a step backwards, which is why the rigorous investor will refuse to take the slightest risk of losing capital.
2 - Invest for the long term
Picking a stock is a marriage for Warren BUFFETT. You don't get divorced the moment you find another attractive woman. "If you're not prepared to hold a stock for 10 years, don't even think about holding it for 10 minutes," BUFFETT tells us.

Binance, one of the world's leading cryptocurrency exchanges, has announced the delisting of five digital assets from its platform, effective August 26, 2024. The affected tokens are ForTube (FOR), Ellipsis (EPX), Voyager Token (VGX), PowerPool (CVP), and Reef (REEF). This decision is part of Binance's regular review process to ensure that all listed assets meet the exchange's high standards of performance and compliance.
Why Delisting Matters
Delisting can have significant implications for users holding these assets. Once removed from Binance, these tokens will no longer be available for trading or conversion on the platform. Users must take necessary actions before the delisting date to avoid potential losses.
What Users Should Do
If you hold any of the affected assets in your Binance account, follow these steps:
1. Withdraw or Convert Your Assets: Withdraw your holdings or convert them into other assets listed on Binance before the delisting occurs.
2. Stay Informed: Keep an eye on further announcements from Binance, as delisting may affect wallet services.
3. Consider External Wallets: If you plan to hold onto these assets, transfer them to an external wallet that supports these cryptocurrencies.
4. Evaluate Market Options: Explore other exchanges that may list these tokens, but exercise caution and ensure the platform has a solid reputation and liquidity.
Reasons for Delisting
Binance's decision to delist these tokens likely stems from several factors:
1. Low Trading Volume: Consistent decline in trading volume may signal waning interest from the community.
2. Lack of Development Activity: Tokens that fail to show ongoing development or improvement often fall out of favor.
3. Regulatory Concerns: Regulatory issues might influence delisting, especially if a token no longer aligns with Binance's compliance standards.
4. Market Performance: Significant declines in price and market cap can indicate a project's unsustainability.
Final Thoughts
Delistings are a routine part of the cryptocurrency exchange ecosystem, necessary to maintain a healthy trading environment. If you hold any of the affected tokens, act before the delisting date to navigate this transition smoothly. Stay informed and monitor Binance's official channels for further updates.
#BinanceDelisting
#Cryptoassets
#DelistingAlert
#AssetProtection

[Among the several perpetual contracts that Binance has launched recently, what opportunities does the DeFi leader $CHESS on Scroll leave for us? 】
Tranchess is an old project. After the Binance Futures announcement, $CHESS rose by 50% on the same day. This is not the highest increase in the perpetual stage on Binance, so let's take a look at what opportunities there will be, such as:
🔸Airdrop income (super high points)
🔸 Can the token return to its all-time high?

✅ Let’s not talk about anything else, let’s talk about whether we can make money first

Fans pay attention to crypto dongles generally to read information about making money. If a lot of space is devoted to technology, wouldn’t that be exploiting the readers’ feelings? So first, let’s see if we can make money on Tranchess and how to make money?

Only 1 out of 20 fundamental coins will be in demand.

Only 1 out of 100 community coins will succeed.

Only 1 out of 500 constantly discussed coins will pump.

Only 1 out of 10,000 memecoins will reach the top 500 market cap list.

Crypto is, more than anything, a game of probability. But, everyone chooses how to manage their capital.

If you decide to select just one project from each category, your chances of success are as follows:

- In Fundamental coins: 5%- In Community coins: 1%

- In Constantly discussed coins: 0.2%- In Memecoins: 0.01%

Choosing 10 fundamental projects gives you about a 50% chance of success.

Choosing 10 memecoins gives you only a 1% chance of success.
Think about it.

If you still don't understand how to balance risk, this article is for you ⇩
80% of Portfolio in fundamental coins gives a better shot at 10x returns...

But 20% of Portfolio in degen plays is more likely to deliver 100x....

Nighttime thoughts that have lingered me for months....

This market forces us to be flexible.

If you were expecting an altseason in the summer but now realize it might come in the fall/winter/next year, you HAVE to work with your positions.

I'll start in order.

1. Market cap is rising while prices are falling.

Few people notice this, but it shouldn't be overlooked.

The $IMX chart illustrates this perfectly.

The price is still far from its ATH, yet the market cap is already significantly higher than it was at the ATH price.

As unlocks continue to happen, it's important to consider this factor when choosing which coin to invest in for the altseason.

✘ Market cap doesn't necessarily have to grow.

✓ The coin should have potential for further growth, considering the market
capitalization expansion.

● Either the next unlocks should either be long after the altseason begins.But I think at the start of the altseason, most will wonder why their coin isn't pumping?
- You guys probably forgot to check the market cap.

2. Portfolio management: The 80/20 approach.

The current market is very different from what we've seen before.

The altseason is NOT PUMPING ALL coins at 100x.

- 80% of the portfolio in strong, fundamental coins- 20% in degen play and venture ideas

Referring back to the initial thought:

➜ Allocating 80% to fundamental coins offers a higher probability of returns with significantly LOWER risk.

Investing the remaining 20% in degen play: high-reward plays could either result in rekt or gain 10-100x returns.
If 80% of your investments are successful (they MUST be successful, you MUST reduce risk), then losing the initial 20% still leaves you with a substantial profit.
Even if just one position out of the 20% is successful, you can earn as much as you would with your 80% in fundamental coins.

Here's a simple example:

✓ With $8,000, you buy a fundamental asset and achieve a 10x return, resulting in $80,000.

✓ With $2,000, you invest in 10 memecoins at $200 each. If one of them gives you a 500x return and the others are worthless, your profit is ~$100,000.

At the peak of the alt season, your total portfolio will be $180,000.

Yes, it's a rough calculation and being lucky helps, but you:

➜ Properly allocated capital
➜ Reduced risk
➜ Secured 1,000x chances

➜ Remained profitable regardless

3. When is altseason coming?

- Geopolitics is affecting crypto more than ever
- There are many experienced participants in the market

The mass adoption we've been dreaming of is ultimately what's ruining us.

As a result, the manipulator/big player needs more time to execute their plan to extract money from the market.

The market will start to rise out of total frustration; however, I am not seeing that yet....

Here are the two options I am considering:

● Option #1
Altseason: Fall 2024 - Winter 2025.
That is, it will roughly repeat the pattern of the last cycle.

● Option #2

Altseason: Spring 2025 - Summer 2025

Many people will likely dislike this option and provide numerous reasons why it won't work.

Ultimately, it's up to you, guys. I adapt to the market and adjust my decisions20:44based on the situation.

4. Why it is important to be flexible:

➜ Being flexible helps you stay psychologically calm during market turmoil and euphoria, reducing the likelihood of mistakes.
Often, people strongly believe in one investment, put all their money into it, and refuse to consider other important factors.

➜ Your coin is about to unlock another 50% of its total supply, but the altcoin season is nowhere in sight.

It is worth thinking about, perhaps it is time to abandon this position if you are not sure about the future prospects.

➜ The market is cyclical but evolving. Most investment books are outdated, and it's important to recognize this.

If your goal is to maximize capital annually rather than just making long-term $BTC purchases for a wealthy retirement, you need to be flexible.

That's all for today.

I'm in this market to grow my capital, which is why I monitor and analyze market trends every week to make timely decisions.

Don't blindly follow others' advice, and avoid becoming a stubborn maxi.

Thanks for reading, hope you found it useful!

#CryptoMarketMoves #PowellAtJacksonHole

. They simply buy a coin and don't even know when to book profits. The result? They regret not selling and get demotivated.
In this post, I have discussed profit booking strategies that can help you in this bull run:
First up - why is having a take profit strategy so important?
In the fast-moving crypto markets, massive gains can appear then disappear quicker than you can blink. You've gotta lock in returns through occasional profit-taking or risk watching your portfolio get wrecked.
The basics are simple enough - set predefined target prices where you plan to sell portions of your holdings. But blindly using fixed targets without adaptability can get you stuck missing out on big gains or retaining large losses.
Here are some pro tips to level up your profit-taking approach:
1️⃣ Scale out of positions across multiple incremental targets on the way up. For example, sell 20% of your tokens at 2x, 30% more at 5x, and let the remaining 50% ride further. This allows continued upside exposure while realizing some gains.
2️⃣ Trail protective stop loss orders upwards as the price climbs to lock in gains. But don't get stopped out prematurely - use patience and wiggle room.
3️⃣ Closely monitor price action and indicators for signs of trend exhaustion. Look for bearish divergence on the RSI, volume drying up, loss of momentum, etc., and prudently take some profits off the table.
4️⃣ If the overall crypto market starts looking shaky, take some chips off the table to stabilize your portfolio. You can always re-enter on dips as conditions improve.
5️⃣ Rebalance by rotating profits from individual coins into stable placeholder assets like USDT, UST, or BTC. This keeps you invested in crypto's growth while reducing risk.
Beyond the technical tips, market psychology and discipline around greed/fear are just as important.
Some final tips:
✔️ Don't beat yourself up over not selling at the very peak. Profit-taking requires flexibility and accepting you won't time peaks perfectly.
✔️ Think long-term. Compounding moderate gains outperforms sporadic home runs. Slow and steady wins the race.
✔️ Learn from both successes and mistakes. Review outcomes dispassionately to continuously improve your profit-taking skills.
At the end of the day, profit-taking is not about perfectly selling every top. It's about steadily accumulating gains to reach your financial goals, regardless of day-to-day volatility.
With the right mindset and strategically layered tactics, you can build life-changing wealth in the market.
All the best, let's print life and wife changing money this bull run! 🚀
#ProfitTaking #Write2Earn! #BinanceTurns7 #cryptotips #BullRunAhead $BTC

🚀🌟 The incredible story of a trader who became a crypto whale in 5 months!
In the world of cryptocurrencies, smart and persistent investors are often rewarded. But there are spectacular exceptions. Discover the meteoric rise of this new crypto whale!
For many investors, the journey into the crypto world is often marked by bitter failures or even total ruin, like this investor who lost $2 million after the collapse of Silicon Valley Bank. But fortunately, not all crypto investors have this bad luck.