I am a BMATH graduate from the University of Waterloo and I love Numbers! I am applying my analytical skills in the world of crypto and it's time to WIN!
⚠️ The Federal Reserve's March Meeting Concludes Today⚠️
The Fed Reserve is scheduled to release the rate decision by 2PM Eastern Time today.
There are some key things to note about this decision:
- The Federal Reserve's decisions on interest rates significantly impact the economy, affecting everything from the costs consumers and businesses pay to borrow money to the job market, the stock market and inflation.
- In general, high interest rates scare investors away from riskier investments like crypto, and the lowering of rates will be seen as a positive by the crypto investor community.
- When the Central Bank increases interest rates, borrowing becomes more expensive. In this environment, both consumers and businesses might think twice about taking out loans for major purchases or investments. This slows down spending, typically lowering overall demand and hopefully reducing inflation.
Expect things to remain relatively bearish until the decision is announced @ 2PM Eastern Time Today!
I've got a plan to go long on the following crypto assets in the futures market once things stabilise: $RNDR $SUI $ZRX - I'll be dropping signals for these soon.
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We've witnessed significant pull backs / profit taking over the past few days but the recent increase in trading volumes shows the market is poised to rebound.
it's time to "BUY the DIP"
I've got my eye on the following crypto during the rebound: $BNB $SUI $RUNE
Volumes dropped significantly over the last 24 hours from a high of over $200B over the past week to under $90B over the past 24 hours - see chart .
This is why I've mentioned the need to always look at market trends when trading SHORT-TERM/FUTURES as such dips in volume point to a decline in most crypto assets in the short-term (note that there will always be exceptions to this with some assets rising in a bear market and vice versa but this is the general rule of thumb for most assets - e.g. there was a MEME coin frenzy #MemecoinMadness this weekend even when volumes were dipping).
It's Sunday so expect a sluggish recovery with things picking up during the work week.
Don't forget to like and follow if you find this information useful. It provides the motivation to keep dropping gems 💎✨
$Ronin is an Ethereum sidechain developed for the hit NFT game Axie Infinity. It was targeted in a hack that saw an estimated $625 million worth of cryptocurrency drained from its bridge. The attack happened last year but was discovered earlier this year and raises serious security concerns about the $Ronin network.
Click the link below to find out more about the company's response to the security breach and trade cautiously if you have any investments.
The market is mostly green right now but you should trade with caution; this is more of a recovery than a pump as the market has remained relatively sluggish over the past few days with the exception of AI projects which continue to sky rocket. Major exchanges are incentivizing users to invest in AI projects so the strong performance by AI projects is also expected. Key metrics to note in the charts below:
1. Greed index is high at 73 implying that people are buying more than expected above projected price ranges.
2. Volume shows a downward trend over the last 24 hours.
3. No significant change in market cap over the last 7 days.
Paying attention to overall market indices will help you make more informed decisions.
Above all things, do your own research. "Numbers don't lie!" ~ @Square-Creator-4a1c71544
Use market data to get a feel for market sentiments before taking positions on crypto assets whose prices tend to be co-related and therefore sensitive to the sentiments of the market! #Write2Earn #TrendingTopic #fomc #JUP $BTC #BNB🔥 $BNB $ETH. Follow me for more nuggets that will help you make more $$$ 💰🤑🏦💵💲
Most crypto assets experienced a sudden and unexpected drop just when it seemed the bulls had the day. Including the King of the Bulls $BTC
I am sure a lot of traders had their positions liquidated and it was another stark reminder of the need to always include a stop loss trigger in your trades to avoid total loss.
Although the crypto market offers the chance to increase your profits, it also presents the risk of significant losses due to its high degree of volatility. High losses are something that no trader wants to experience, and this is especially true for traders who have purchased short-term crypto assets only to see the trends go against them. Stop-loss trading is the safest and most effective way out of a losing trade in certain circumstances. #TraderMistakes #TradeSignal #TradeSmart #Stoplossmistakes #Stop-loss
Dividing an order into smaller chunks (also called grids) that are spread over a large price range allows you to take advantage of natural fluctuations that are common with crypto assets. Check out the grid trade captured in the picture below and always remember to do your own research. $WLD #WLDUSDT #grid #BullRun
En son kripto haberlerini keşfedin
⚡️ Kripto dünyasındaki en son tartışmaların bir parçası olun
💬 En sevdiğiniz içerik üreticilerle etkileşim kurun