I'VE BEEN USING FIBONACCI IN THIS WAY TO GET MAX RETURNS & MINIMISE LOSSES.
📢
You must have heard about Fibonacci Retracement, a tool used to identify trends in the market. Be it for long or short, this tool has been the favourite of many traders for quite a long period. But only a few know how to use it correctly.
So, I'm going to share this little secret with you that many influencers or gurus charge heavily in their online courses. Here's the real deal.
📊 Go to trading view and select "Indicators" from the top of the menu. Then search for the term Fibonacci and as you'll get many options in results, select "Auto Fib Retracement" and it will be auto applied in the charts. No need to draw manual lines which was the case earlier (e.g 2-3 years back).
Now, to use fib we usually spot the market swings in a particular time frame(15m, 30m, 1H, 4H, 1D are the best suited). If the trend is bullish, then we draw the line connecting the bottom of the swing to the top of the swing. The reverse stands for a bearish trend, connecting the top to the bottom.
Here, I've selected the 1H chart of Sol & applied it. With default settings it'll appear something like that (image1), lots of coloured rectangles. But this is old school. And here's the real deal. Now go to the settings of the tool and deselect all the options except 0.5 & 0.618.
Now change the values of these metrics. Change 0.5 to 0.55 & 0.618 to 0.66. Now your fib tool looks something like this (image 2). Never trade when the price is in that range, this is where you'll be trapped. When the price goes above that range it's bullish and the opposite is true when it trades below that range.
Backtest it with price action, the S/R levels will give more clear direction. This is where traders get the max clarity about the market direction. I wouldn't say that you should rely entirely on this, everyone has their own style of trading but this will definitely create an impact for every trading style or setup.
#MemeCoinTrending #USRetailSalesBoost #GrayscaleConsiders35Cryptos
🚀 Bitcoin's on the move! Up 15% from its October low, BTC is eyeing the $70K mark again, though still 8% shy of its all-time high. Meanwhile, gold and the S&P 500 are hitting new records. 🏆
Why no new high for Bitcoin? Forced sells over the summer and high volatility played a role. But, accumulation signs from both shrimps and whales hint at a bullish future. 📈
With pro-crypto sentiment rising and a weakening Japanese yen, could we see new ATHs soon? Drop your thoughts below! 💬 #Bitcoin #Crypto #MarketAnalysis
🚀 Prediction season is here, and the future of DeFi looks brighter than your favorite meme coin! 🌟
- **Omnichain DeFi**: Expect liquidity to flow like never before, solving the age-old problem of liquidity fragmentation. Multiple chains, better pricing, and deeper liquidity? Yes, please!
- **Institutional Adoption**: Big players are gearing up for DeFi. With better tools for compliance and wallet management, expect a flood of institutional capital.
- **DeFi Derivatives**: Bitcoin L2s are joining the party, unlocking billions in dormant capital and offering new hedging opportunities.
- **User Experience**: DeFi projects are focusing on making interfaces as smooth as butter. Better UI/UX means more users!
- **AI-Powered DeFi**: Automated trading bots and predictive analytics are set to revolutionize DeFi. AI assistants will be the new best friends of smart traders.
Stay tuned, 2025 is going to be a wild ride! 🚀
**News Flash: DeFi Trends to Watch in 2025**
As we enter the final quarter of the year, industry insiders are predicting major trends for 2025 in the DeFi space. Here's what to watch:
- **Omnichain DeFi**: Expect significant adoption of omnichain DeFi, which sources liquidity from multiple chains and centralized sources, solving liquidity fragmentation and enhancing trading experiences.
- **Institutional Adoption**: Institutions are set to dive deeper into DeFi, thanks to improved onchain tools for compliance and wallet management. Tokenized Real World Assets (RWAs) will likely see the greatest inflows of capital.
- **DeFi Derivatives**: The rise of DeFi derivatives, including on Bitcoin L2s, will unlock dormant capital and offer new hedging frameworks without relying on centralized exchanges.
- **User Experience**: Enhanced UI/UX will make DeFi more accessible, with seamless interfaces and better educational resources driving user onboarding and retention.
- **AI-Powered Solutions**: AI tools will revolutionize DeFi, offering automated trading bots, risk assessment, and predictive analytics, making it easier for traders to optimize strategies and mitigate risks.
Stay tuned as these trends unfold, promising a transformative year ahead for DeFi.
🚨🚨 Bank of America Issues URGENT Warning: Gold Is the Only Safe Bet Amid Soaring U.S. Debt! 🚨🚨
With U.S. debt spiraling out of control, Bank of America is sending a clear message—gold is rapidly becoming the go-to safe haven for investors. If you’re not paying attention, you could be missing out on a pivotal shift in the investment landscape.
Here’s why BoA is betting big on gold:
• Gold Price Prediction: Bank of America forecasts gold could surge to $3,000 per ounce by 2025!
• Major Factors: Rising national debt, fiscal uncertainty, and central banks aggressively increasing their gold reserves.
• Market Shift: As U.S. Treasuries lose their appeal, more investors are turning to gold, signaling deepening economic instability.
In these turbulent times, gold is proving to be the ultimate hedge for those seeking protection from market volatility. Are you positioned to ride the wave, or will you be caught off guard? Now is the time to reassess your investment strategy—don’t wait until it’s too late!
#MemeCoinTrending #BNBRisesTo600 #TeslaTransferBTC #USRetailSalesBoost #SCRSpotTradingOnBinance
🚨Market update on NOT 🚀
If $NOT holds its current support level, I expect it to break its last higher low (HL) at $0.00935 and establish new higher highs (HH), especially with $BTC showing bullish momentum.
However, here’s what happened with the other hot cryptocurrencies below 👇
$PEPE is trading at $0.00001039, up +3.28%, indicating moderate upward momentum.
#BNB holds at $596.7, with a slight gain of +0.56%, maintaining a steady consolidation phase.
#ETH follows a similar trend, up +0.65% at $2,627.26, reflecting slow but steady growth in a cautious market environment.
#NEIRO however, has dropped -1.53%, potentially signaling bearish sentiment or profit-taking after a previous rally.
Other notable performer is #SOL , showing modest gains of +0.92%
$SUI
{spot}(SUIUSDT)
SUI is currently trading at $2.0598 on perpetual futures, showing a modest gain of 1.02%. This slight uptick suggests a cautiously bullish sentiment in the short term.
Key levels to watch:
Support: $2.00, $1.95
Resistance: $2.10, $2.20
The $2.00 level has been acting as a strong support, with buyers stepping in consistently around this price point. The immediate challenge for SUI is to break and hold above the $2.10 resistance.
Short-term outlook:
A decisive move above $2.10 could open the path to test $2.20.
If bullish momentum builds, the next significant target would be $2.50.
Reaching the $2.50 target would represent a roughly 21% increase from current levels. This move would likely require a combination of positive project developments and overall market bullishness.
Volume will be crucial in confirming any significant price movements. An increase in trading volume accompanying a price surge would validate the uptrend.
For traders, the current consolidation around $2.05-$2.10 might offer entry opportunities, but it's wise to wait for a clear break above resistance before taking larger positions.
{future}(SUIUSDT)
#NeiroOnBinance #KryptoAlchemy
#MemeCoinTrending #Write2Earn! #BTCUptober
🚀 Ether (ETH) is eyeing the $3,000 mark, with an inverse head-and-shoulders pattern suggesting a bullish breakout! Analysts are optimistic, predicting a potential climb to $4,000 by year-end and a new all-time high in Q1 2025.
However, it's not all moon missions and Lambos. Some traders warn of a possible dip to $2,400 before the rally, citing technical patterns and RSI indicators.
Will ETH soar or stumble? Grab your popcorn, folks—this crypto drama is just getting started! 🍿
#ETH #CryptoNews #Blockchain
🚀 Ether Ready to Rocket Past $3,000? 🚀
Hold onto your digital wallets, folks! Ether (ETH) might just break the $3,000 barrier, thanks to a bullish "inverse head-and-shoulders" pattern. 📈
🔹 Analyst Mikybull says this setup hints at a short-term rally.
🔹 Crypto trader Daink predicts ETH could hit $4,000 by year-end and reach new highs in Q1 2025.
But wait, there's a twist! Some analysts warn of a dip to $2,400 before the big climb. Justin Bennett points to a "diamond reversal pattern" suggesting a short-term correction.
What do you think? Bullish or bearish? Drop your thoughts below! 👇
**Ether Eyes $3,000 Mark Amid Mixed Predictions**
Ether (ETH) is showing signs of a potential rally above the $3,000 mark, according to a technical chart pattern. Analysts point to an inverse head-and-shoulders formation, often signaling a bullish reversal. One analyst suggests a short-term target of $3,000, while another predicts a climb to $4,000 by year-end, with an all-time high expected in Q1 2025.
However, not everyone is optimistic. Some traders warn of a possible dip to $2,400, citing a diamond reversal pattern and a high relative strength index (RSI). Ether remains in a seven-month downtrend, down 36% from its March 2024 high.
🌐🚀 **Breaking Crypto News!**
UXLINK has announced strategic partnerships to supercharge its Web3 ecosystem! Through the UFLY eco-fund, UXLINK will support top-tier developers and emerging projects, enabling them to issue tokens and build vibrant communities.
- **Innovative Vision**: "Partnering with innovative projects aligns with our vision of creating a robust and sustainable Web3 ecosystem," says Sean, Founder at UXLINK.
- **Community Growth**: New applications on Line and KakaoTalk will offer unique social experiences, driving user engagement.
Join the conversation! What do you think about UXLINK's latest move? Comment below! 🌟
For more info, visit [UXLINK](https://www.uxlink.io).
📈 $ALPACA /USDT Trading Signal BUY 🔥
🔹 Price: $0.1608, +7.20%
🔹 24h High: $0.1608, 24h Low: $0.1486
🔹 Bollinger Bands: UP - 0.1586, MB - 0.1531, DN - 0.1477
📊 Trading Signal:
🔹 The price is showing strong bullish momentum, currently trading above the middle Bollinger Band.
🔹 Key Levels: Resistance at $0.1608, Support at $0.1486
🔹 Entry Strategy: Consider entering on a pullback towards the middle Bollinger Band for a potential buying opportunity.
🔹 Key Insights: Positive price action indicates potential for further upside.
🔹 Price Prediction: Potential for a continued uptrend towards $0.1685.
🔹 Observations: High trading volume suggests increased market interest.
🔹 Risk Management: Set stop-loss orders to protect profits and manage risk effectively.
🔹 Potential: Consider taking advantage of the current bullish trend in the ALPACA/USDT market.
#MemeCoinTrending #BNBRisesTo600 #USRetailSalesBoost #SCRSpotTradingOnBinance #TeslaTransferBTC
{spot}(ALPACAUSDT)
“Diamond Handed” Giant Bitcoin Whale Loses Patience, Sells After 5 Years! His Profit Is Astonishing!
According to Lookonchain's post, the whale that bought Bitcoin five years ago and has been holding it until today has started selling.
A crypto whale who has been
described as having "diamond hands"
a pattern used in the cryptocurrency
market because he has not sold for a
long time - sold 199 BTC ($13.55M)
for a profit.
This whale bought 801 BTC worth $8.25 million from HTX 5 years ago at a price of $10,297.
The whale started selling last month after 5 years and sold 500 BTC ($32.13 million) last month.
The whale still has 301 BTC worth $20.42 million in his possession.
According to the data, this whale made a profit of $44.28 million from Bitcoin trading.
Bitcoin, which has gained 10% in the last 7 days, continues to be traded at $68,016 at the time of writing.
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$HOOK Technical Analysis | Buy Setup 🔥
{spot}(HOOKUSDT)
#HOOK Technical Analysis: Symmetrical Triangle Formation
Hooked Protocol (HOOK) is nearing the critical apex of a symmetrical triangle pattern on the daily chart, suggesting an imminent breakout.
A confirmed breakout from this consolidation pattern could signal the beginning of a bullish rally, potentially leading to significant price movements. Based on current technical indicators, we are watching key resistance levels at $0.52, $0.71, and $0.96.
Should these levels be reached, $HOOK could experience a 120-130% rise in the midterm, making this an important zone for traders and investors to monitor.
Key Takeaways:
Symmetrical triangle nearing its apex.
Breakout could lead to a substantial upward move.
Midterm price targets: $0.52, $0.71, and $0.96.
Always consider risk management strategies, especially in volatile markets like crypto, and keep an eye on volume and confirmation signals before entering positions.
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#HOOKUSDT #Hook.👀 #HookProtocol #HookProtocolFund
Singapore’s largest bank by assets under management (AUM) DBS Bank introduces a suite of services to facilitate blockchain-based banking for its institutional customers.
Dubbed DBS Token Services, the products will incorporate new features, like smart contracts and tokenization, into the bank’s existing services.
This move, particularly the smart contract capabilities, would enable institutional clients to govern the use of funds under predefined conditions, with an emphasis on boosting security and transparency. Additionally, the token services would help facilitate real-time settlements by connecting DBS’ EVM-compatible permissioned blockchain with several payment infrastructures.
#Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V #CryptoNewsUSA #CryptoNewss
The Shiba Inu market cap has surged over 43% in a month to reclaim $11 billion after a scare pushed it as low as $7.5 billion in September.
Shiba Inu is one meme coin that has transcended its origin, moving from a joke token to a key asset in the crypto space. Shiba Inu has matured into an asset with real-world utility, outlasting most meme coins from the same origin.
At the time of writing, SHIB’s market cap has surged to $11 billion, outpacing projects like Chainlink, Polkadot, and Uniswap. The token sits at the 13th spot, outperforming the Bitcoin Cash, the 14th token, by nearly $4 billion.
#shiba⚡ #Crypto #CryptoNews” #CryptoNewssCommunity #CryptoNewsUSA
This article is relevant.
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Active addresses represent the number of unique addresses showing significant activity on the Bitcoin (BTC) on-chain network. This metric offers insights into network activity, investor engagement, and broader market trends. By applying a 30-day moving average (30DMA) and a 365-day moving average (365DMA) to this indicator, we can assess the momentum.
Over the past month, the 30DMA has risen sharply and is approaching the 365DMA. If a "golden cross" occurs (where the 30DMA crosses above the 365DMA), we could anticipate a positive shift in market momentum.
From a technical analysis perspective, since July, Bitcoin’s highs and lows have been progressively increasing, indicating an upward market structure. However, the pattern connecting these highs and lows forms a 'rising wedge,' which, if it continues to tighten, could lead to significant price volatility shortly.