TOP CRYPTO EXCHANGES RANKED BY TRUST SCORE
1. Binance — 10/10
2. Bybit — 10/10
3. Coinbase — 10/10
4. Kraken — 10/10
5. KuCoin — 10/10
6. Crypto.com — 10/10
7. Binance US — 10/10
8. OKX — 9/10
9. Bitget — 9/10
10. Gate.io — 9/10
11. HTX — 9/10
12. LATOKEN — 9/10
13. Bitstamp — 9/10
14. Bitunix — 9/10
15. Gemini — 9/10
16. HashKey Exchange — 9/10
17. Backpack Exchange — 9/10
18. Woox — 9/10
19. Coins.ph — 9/10
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Crypto speak: Candlesticks
Nothing complicated here: It’s just a way to visualize the price chart of a particular coin.
You’ve probably seen candlesticks: They’re those green and red bars on price charts. Green bars mean a rise in price; red bars mean a fall. Sometimes, traders simply call these bars “candlesticks.”
Nothing complicated here: It’s just a way to visualize the price chart of a particular coin.
You’ve probably seen candlesticks: They’re those green and red bars on price charts. Green bars mean a rise in price; red bars mean a fall. Sometimes, traders simply call these bars “candlesticks.”
Trump campaign starts taking cryptocurrency donations, vows to build a 'crypto army' - CNBC
How to Trade with Bullish Marubozu Candlestick:
1. Spot the Marubozu: Appears right after a sideways zone, signaling strong buying pressure and potential start of an uptrend. 📈
2. Volume Confirmation: A high volume Marubozu indicates serious buyer commitment. 🔄
3. Entry Point: Consider entering at the close of the Marubozu or on a slight pullback. 🚪
4. Stop Loss: Set it below the low of the Marubozu to protect your trade. 🛑
5. Take Profit: Aim for a high reward with a risk-reward ratio of 1:2 🎯
This candle can signal a powerful move ahead, so be ready to act✔️
1. Spot the Marubozu: Appears right after a sideways zone, signaling strong buying pressure and potential start of an uptrend. 📈
2. Volume Confirmation: A high volume Marubozu indicates serious buyer commitment. 🔄
3. Entry Point: Consider entering at the close of the Marubozu or on a slight pullback. 🚪
4. Stop Loss: Set it below the low of the Marubozu to protect your trade. 🛑
5. Take Profit: Aim for a high reward with a risk-reward ratio of 1:2 🎯
This candle can signal a powerful move ahead, so be ready to act✔️
🇺🇸 The US House passed the FIT21 crypto bill, which exempts digital currencies from securities regulations if they are deemed "sufficiently decentralized."
📊 Cryptocurrency Trading Basics: Technical Analysis 📈
Technical analysis evaluates investments through statistical analysis of market activity 📉. It focuses on price charts and indicators to identify patterns. Unlike fundamental analysis, it doesn't measure underlying value but uses historical price data to predict future movements 📅.
Key Concepts:
- Market Discounts Everything: Prices reflect all information 💡.
- Price Moves in Trends: Future movements follow trends 📉.
- History Repeats Itself: Past data predicts future trends 🔄.
Learning & Practice:
Continuous learning and practice are essential 📚. Engage with resources, practice extensively, and contribute your insights.
Technical analysis evaluates investments through statistical analysis of market activity 📉. It focuses on price charts and indicators to identify patterns. Unlike fundamental analysis, it doesn't measure underlying value but uses historical price data to predict future movements 📅.
Key Concepts:
- Market Discounts Everything: Prices reflect all information 💡.
- Price Moves in Trends: Future movements follow trends 📉.
- History Repeats Itself: Past data predicts future trends 🔄.
Learning & Practice:
Continuous learning and practice are essential 📚. Engage with resources, practice extensively, and contribute your insights.
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Trading Tip of The Day
The Risk/reward Ratio Is Usually Unfavorable For New Longs At The 70 RSI Level On A Chart.
Here's a quick guide on Doji candlestick patterns in trading:
1. Abandoned Body Top - Bears take charge after an uptrend.
2. Long Legged Doji - Market is indecisive; could go either way.
3. Shooting Star - A potential bearish reversal after an uptrend.
4. Hanging Man - Possible bearish sign when it appears after an uptrend.
5. Morning Doji Star - Bullish reversal after a downtrend.
6. Evening Doji Star - A bearish reversal pattern.
7. Hammer - A bullish signal after a downtrend.
Stay informed and trade wisely!
1. Abandoned Body Top - Bears take charge after an uptrend.
2. Long Legged Doji - Market is indecisive; could go either way.
3. Shooting Star - A potential bearish reversal after an uptrend.
4. Hanging Man - Possible bearish sign when it appears after an uptrend.
5. Morning Doji Star - Bullish reversal after a downtrend.
6. Evening Doji Star - A bearish reversal pattern.
7. Hammer - A bullish signal after a downtrend.
Stay informed and trade wisely!
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Crypto Speak: Bear trap and bull trap
We may be in a “bull trap” right now: this is when the market starts to grow and everyone thinks that the growth is unstoppable. People buy crypto in the hope of growth, and then the “trap” collapses—i.e., the market rolls back and traders lose money.
Similarly, with a “bear trap,” when the market falls, traders open short positions, but investors still won’t buy the coins because they know that prices will dip even lower.
Of course, when the market suddenly starts to rise at this moment, the bear trap takes hold.
We may be in a “bull trap” right now: this is when the market starts to grow and everyone thinks that the growth is unstoppable. People buy crypto in the hope of growth, and then the “trap” collapses—i.e., the market rolls back and traders lose money.
Similarly, with a “bear trap,” when the market falls, traders open short positions, but investors still won’t buy the coins because they know that prices will dip even lower.
Of course, when the market suddenly starts to rise at this moment, the bear trap takes hold.