I got into crypto since 2017 in the spot market and then got into futures. Since then I have experienced 8 liquidations and vowed never to experience it again
Stop the Rebranding craze before it gets more contagious
I have not succeeded in recovering the losses due to being forced to close positions in futures (OCEAN) due to the merger process of FET, AGIX and OCEAN into ASI. And related to that, I have written that #Binance must protect its users from such developer actions and I also suspect that there will be a possibility that such developer actions will spread to other developers if the exchange continues to facilitate them. (read here) And sure
Exchanges Must Protect Their Users From Reckless Developer Behavior
We are in the crypto world because we believe this industry is the future. We choose Binance as a place to trade because we believe they will do what is best for their customers. However, several events in the crypto world have caused huge losses caused by irresponsible developer behavior. We believe the exchange is trying to get better, that's why we are all still here. However, it seems that this is not enough. There are still actions by developers that harm consumers which are not resolved fa
Last month I was worried that there would be another rebranding that would force future traders to forcefully close their positions even though they were in the red. Maybe few people realize that we are being openly robbed until they themselves suffer losses as a result of this action read here
Rebranding seems to be an effective way to rob future traders !!!
Matic rebranding became the umpteenth action that made future traders lose money without having to experience failed trades. And it seems like Binance is happy to do this no matter how much it costs its users. Binance makes the futures market more like gambling than trading. they can close existing positions whenever they want with the losses borne by the user. maybe som
The market is crashing, but get ready to welcome the COMP breakout (TF 4H)
Trend and Price Action: The price recently broke above a key resistance level around $53, which was previously tested multiple times without a sustained breakout. This breakout could indicate a shift in momentum. Support and Resistance: The breakout above $53, a significant resistance level (4h(R)), is a positive sign. If the price can hold above this level, it could act as support, potentially setting up for further gains. Additional resistance may be encountered around $54 and higher levels, a
Made a headache by MANTA but it looks like it will pay off
I tried to catch the falling knife and I found my hand was bleeding lol. But actually the average price I have is not that bad at 1,232. Meanwhile, my position in futures hasn't touched SL of 0.7 yet, so yeah, I'm still excited. If BTC strengthens and there is sufficient inflow into the altcoin then I can expect the price to close above the Ichimoku cloud on the daily time frame, which signals a potential reversal of the downtrend to an up
The chart shows a clear downtrend, indicated by lower highs (LH) and lower lows (LL). The price is below the Ichimoku cloud, suggesting bearish momentum. The price is below the cloud, which generally indicates a bearish outlook. However, if the price moves above the cloud, it could signal a potential trend reversal. The EMA 50 (gray line) seems to be acting as a dynamic resistance, and the price is currently below it. Conclusion: Given the prevailing downtrend and the price being below significa
VET has the potential to continue its bullish momentum (TF 4H)
There are clear signs of bullish momentum, with several BOS showing an uptrend. The price has retraced to key Fibonacci levels after the recent high. The green zone below the current price level indicates a strong support area where buying interest may be present. Detailed Long Position Analysis and Setup Based on the current charts and observations, here is the plan for setting up a long position in VeChain (VET/USDT): Short-term trade Entry Point Identify a specific entry point around the 0.70
Bleeding for a long time, AEVO shows the potential for reversal
The price is currently trading around 0.5748 USDT, showing a slight upward movement. The price action suggests a series of higher lows and higher highs, indicative of a bullish trend. The ChOCH is indicated around the 0.56 USDT level, suggesting a reversal from a bearish to a bullish trend. There are red zones marked as supply zones at higher price levels around 0.85 to 0.95 USDT and around 0.75 to 0.80 USDT. Long Position Opportunity Analysis: Entry Points: A potential entry point for a long po
Polkadot attempts breakout, prepares for Long (Daily Timeframe)
The price has slightly moved up to 6,431. It appears to have broken above the descending trendline, which could indicate a potential trend reversal or at least a short-term bullish move. The price is still close to the lower edge of the Ichimoku Cloud. However, the cloud can also act as resistance. Breaking into or above the cloud could indicate further bullish potential. The formation of higher lows and higher highs can indicate the beginning of an uptrend. Recent price action suggests a higher
The chart has highlighted gray areas indicating significant support and resistance zones. The upper gray area around the $54-$56 range marks a resistance level where the price previously faced selling pressure. The lower gray area around the $42-$44 range indicates a support level where the price found buying interest. The CHoCH label indicates a point where the market structure shifted. In this context, it likely marks a change from a bearish trend to a bullish trend. The current price is $48.4
VET is trying to recover quickly based on daily price action
The current price is around $0.0274, which is approaching the supply zone near $0.028 - $0.029. There has been a recent bullish move as shown by CHoCH, indicating that buyers are gaining strength. This chart shows that the price is testing a major resistance level, and the outcome at this level could determine the next big move. A break above this supply zone will see VET turn Bullish and may lead to further upward movement towards higher resistance levels. Action plan: Entry: Consider entering
If in a month there are 5 rebrandings then you will lose your entire balance without having to experience failed futures trades $FET $RNDR $GAL #BTC_Bounce_Back_to_57k#DelistingNotice
The merger process of $FET , AGIX and OCEAN into ASI has not yet been completed, which has harmed many people, today we received information that Galxe (GAL) will be rebranding become Gravity (G). read here. During the merger process of the 3 AI tokens, I had a position in Future for OCEAN and it was forced to close with a loss. Until now, I don't know whether traders who experience losses in the Future market will receive compensation or
Don't know if sharing this will make me look stupid or what, but it's true that even though I've been in crypto since 2017 there is one thing I've never managed to learn, namely when is the right time to get out of the market. I use the DCA strategy, within a certain range. For BTC order 1 to the last order up to 33% for alt most of the time I divided orders in the 66% range. Actually, it is very conservative, but still, the timeliness of determining the first order point is very influential. An
When I heard the news that Mantra was partnering with a Real estate giant from the United Arab Emirates I checked the OM chart to see if I could open a Long position. but basically I heard the news a bit late so what I saw was really scary LOL. It seems that the LONGers were beaten very quickly. But this coin is interesting, with RWA's narrative being prominent in 2024 (apart from AI). I always take the time to monitor its movements.
If the price moves closer to 0.5 then I will add OM to the wa
RNDR and GLM, two AI Tokens worth watching (Reversal Potential)
Render Network (RNDR) has gained significant traction following its mention by Apple. During Apple's Worldwide Developers Conference (WWDC) in 2024, the company showcased the Octane X 3D rendering software, which is powered by the Render Network, on the new iPad Pro. This integration allows users to leverage decentralized GPU power for advanced CGI capabilities directly from their devices. Apple's endorsement has validated Render Network's technology and highlighted its potential for broader ado
When we read people's posts about how to buy good altcoins, "do your own research" is always in their posts. But after being in the crypto world for so long I wonder what exactly should we research? Fundamentals? LOL We feel we have found tokens with good fundamentals and then decide to buy them, but instead of going up, the price actually goes down. Meanwhile, meme coins (like $PEPE ) which are said to have no function whatsoever often experience crazy increases. But I always apply "Do Your Ow
Unveiling the Secrets: Profiting from Binance Copy Trading
Binance, one of the world's leading cryptocurrency exchanges, has revolutionized the trading landscape with its innovative copy trading feature. This tool caters to both novice and seasoned traders by offering a seamless way to mimic the trades of experienced and successful traders. Overview of Binance Copy Trading Here's a detailed overview of Binance's copy trading features: Availability Binance has Futures Copy Trading